Medicare and Social Security to be Insolvent Sooner Than Expected
40% of the US economy is about to become insolvent in the next sixteen years, and neither Congress nor the President has lifted a finger to do anything about Medicare and Social Security. June 11, 218 By: Bobby Casey, Managing Director GWP Margaret Thatcher wasn’t wrong when she observed that the biggest problem with socialism is that at some point, you run out of other people’s money: and that is PRECISELY what’s happening with Medicare and Social Security. Let me get in before the initial line of defense: “People who collect on … [Read More...]
TSA Establishes Secret Watchlist of Travelers
The TSA is grasping at straws to find some justification for its existence, and establishing a “secret watchlist” of travelers is the latest protocol to be adopted. June 4, 2018 By: Bobby Casey, Managing Director GWP The TSA is at it again, trying to make itself relevant in the face of the overwhelming evidence that they are not. My lifestyle and businesses have me flying all over the world, and my visits to the US are tedious when it comes to the TSA. (Lest we forget the notorious Belt Buckle Incident of 2013! Good times.) Anyone who … [Read More...]
US Auto Industry Could Suffer from Trump Protectionism
The protectionism blows just keep on comin’ as Trump eyes imported cars as his next tariff target. May 28, 2018 By: Bobby Casey, GWP Managing Director Donald Trump is a dyed in the wool protectionist; the likes of which will have a devastating effect on the US economy as well the rest of the world. The US regulatory regime alone, is already economically debilitating. Trump’s steel tariffs were supposed to SAVE steel worker jobs. Yet, that’s not what is happening in Youngstown, PA at all. Their employment is down 1.6%. Even in areas … [Read More...]
Seizing Power and Property Leads to Destruction and Poverty
When populism leads to seizing power and property in defiance of market forces, you inevitably wind up with destruction and poverty. May 21, 2018 By: Bobby Casey, Managing Director GWP The world is watching as supposed economic “underdogs” are seizing the means of production from their alleged oppressors. All I see is accelerated collapse. No different than the 13 year old overthrowing the household to make things “fair”, there places in the world where has happened or are currently happening. In the United States, one of the most … [Read More...]
Trump Backs out of Iran Deal Costing Billions to Businesses
Trump's decision to back out of the nuclear deal with Iran and reinstate sanctions on the Islamic Republic, was not well received by businesses or partner nations in the accord... including China. May 14, 2018 By: Bobby Casey, Managing Director GWP Just shy of three years ago, we did an article called “An Unsanctioned Iran?”. A little over a month after that, an accord was reach by the Obama Administration to lift the trade sanctions on Iran. And less than a week ago, Trump undid all of that, insisting upon a deal with permanent limits … [Read More...]
Is There No Incentive to End Wars & Cure Diseases?
In a system rooted in cronyism, is there any incentive to solve problems rather than protract them? May 7, 2017 By: Bobby Casey, Managing Director GWP The United States’ political class sold its citizenry a bill of goods: that ending war and disease comes with the destruction of Western economy as we know it. It’s never been said in those words, of course. But it is absolutely spoken through policy and press. The United States on average has been at peace for about one month out of every year since her inception. Imagine fighting … [Read More...]
Socialism Comes at the Cost of Individual Freedom
Socialism is the racket that over promises and under delivers, but when it inevitably fails to keep its promises, it comes at the cost of individual freedom. April 30, 2018 By: Bobby Casey, Managing Director GWP Capitalists are often admonished for being heartless and uncaring because they flatly reject socialist solutions to economic and social problems. It’s not that we disagree on the identity of the problem. In fact, we are often in agreement. Capitalists don’t thrive on ignorance, violence and poverty. It’s the epitome of … [Read More...]
State Licensure Requirements Keep the Poor Down
Licensure requirements keep the poor from enjoying upward mobility as one of many barriers to entry into the market place. April 23, 2018 By: Bobby Casey, Managing Director GWP Despite all the regulatory rigging by governments big and small around the world, we are all living in an era of unprecedented prosperity! Talk about an inconvenient truth! While mainstream politicians and media outlets would want everyone encumbered with the false corollary that “the rich are getting richer and the poor getting poorer”, the fact is, one has … [Read More...]
China Makes Its Way into Oil Futures with Petro-Yuan
China and its petro-yuan are positioning themselves to give the United States a run for its petrodollar. April 16, 2018 By: Bobby Casey, Managing Director GWP The United States has not been doing itself any favors in terms of foreign relations. We have covered quite a few instances where China and Russia have collaborated with one another to work around the United States. And can you blame them? The US has been quite hostile between its sanctions and tariffs. For a country that is supposed to embrace free markets, the US has been a … [Read More...]
New Assault Weapons Ban Bill Is Not About Safety
The new Assault Weapons Ban bill seems more concerned with banning scary looking things than it is with safety or reducing mass shootings. April 9, 2018 By: Bobby Casey, Managing Director GWP In a matter of a couple weeks after the Parkland, Florida shootings, an Assault Weapons Ban bill – introduced by David Cicilline (D-RI) and Tech Deutch (D-FL) – is waiting on the House floor for congressional consideration. Just don't expect it to make anyone safer. Those who already have any of the recently banned weapons, and obtained them … [Read More...]
Trump’s Economic Plan Makes No Sense
Trying to makes sense of Trump’s budget and spending strategies is a fool’s errand. With military malfeasance and over spending, the US is not moving closer to economic solvency. April 2, 2018 By: Bobby Casey, Managing Director GWP The more I read about Trump’s budget and spending policies, the less any of it makes sense. The aggressive nature of each of his economic policies, however, has me thinking this might all just come to a head. Three major promises he made while on the campaign trail that had people losing their minds with … [Read More...]
Trump’s Tariffs: The Sequel
The aftermath of the Trump Tariffs is being both felt and seen in various industries, and it’s only been a couple weeks. March 26, 2018 By: Bobby Casey, Managing Director GWP No sooner do I publish an article warning of the potential economic disasters associated with Trump’s Tariffs, do I see a week’s worth of various accounts pointing out the toll they’ve already taken. It’s like telling a kid to slow down on the sweets because they might get sick… and 10 minutes later they’re complaining about a stomach ache. The claim was that … [Read More...]
First Tax Cuts, But Then Tariffs?
From tax cuts to tariff hikes, what is Trump’s economic endgame? March 19, 2018 By: Bobby Casey, Managing Director GWP The United States is being pulled in several economic directions under Trump’s administration. I won’t call it “leadership” as that would be overstating things quite a bit. However, while fans of Trump rightly lauded his aggressive corporate tax cuts as being profoundly pro-business, dissidents rightly criticized the lack in spending cuts to accompany that move. The running theme in Trump’s rhetoric is filled with … [Read More...]
States Buck Federal Government When it Comes to Civil Asset Forfeiture
With so many unwitting and innocent people getting ensnared in the asset forfeiture dragnet it remains a hot topic; but it also has many states pitted against the federal government. March 12,2018 By: Bobby Casey, Managing Director GWP As they say even the word hopeless has hope in it. To that end, I am eagerly watching as states take on the issue of asset forfeiture. Jeff Sessions has no intention of relenting on that practice; in fact, he’s issuing directives to RAMP UP on asset forfeitures. His presumption, as is anyone’s who … [Read More...]
Property Is Your Ticket To Freedom
From getting out of your parents’ house to getting out of the nanny state: Property Is Freedom. March 5, 2018 By: Bobby Casey, Managing Director GWP Property is the lynchpin of freedom. I’ve said it before in defense of the right to own property, and I’ll say it again. What I’m finding is, people don’t understand HOW to own property, so they take it for granted. That’s how you get hoarders, and poor people living beyond their means. It’s not for lack of access, but for lack of retention. When you acquire something based on need, it is … [Read More...]
