Money & Markets Report: September 22, 2022

132 Comments

    1. Catherine, I have visited the Netherlands and its country side many times, as well as most EU. NE is a nice and beautiful country but I would have never described it as a “fully free and prosperous country” from its high level of “gov control, taxation and constrains imposed to the people”, including a socialized MED. Even education has a “score level”, like a social score, obtained by each student as it goes through his/her life. It is a very compressed system, with few opportunities to progress. So, I see this a lot, that to become free they get addicted to something (med, drugs, alcohol, s…, etc). How will anybody want to live there or how can anybody do business there? As you have said, EU is not in a good place since they became 1 – global – part of the Union. How do you find it not oppressive for your business? Sorry for the long question/note, but I might be missing something.

      3. Good points, as someone who grew up in Europe and is half European on my mothers side, I never could relate to the passion most of the world has regarding Europe.

        I encourage people to go after whatever they think is the best, whether is a person, place or thing. Go after it, experience it, so that you are not living in fantasy land but actually have personal experience of whether that person, place or thing really has any luster or if its mostly hype.

        I find Europe to have its nice features here and there, the food, the people, and so on, but I would never trade it for the USA. Anyway, that’s just my opinion and I grew up there for a portion of my life.

        2. Very good note Daniel. I have traveled to Europe since I was a child. It was concerning then, I do so more now. After the formation of the EU the situation and mass of immigration there regressed the space to what it used to be decades ago. I do know that they are people ripping the system and information they know about the world, and they do it from EU because there are loop holes like in the US. But, the majority of the people in EU live very controlled lives with a growing crime rate never experience before. Many Europeans will love to live in the US if they could, but most traditional educated European people would not want to become an immigrant in another country.

  2. My parents always said: “if somebody wants to sell you ‘something’ you do not need…run fast”. But how to know that you ‘do not need it’? By educating and cross investigating. There are many many people in this world right now profiting from this pandemic and the world tentatively collapsing by means of advising, counseling or promoting. Fortunately, as times continue to pass, the freedom of the internet (and other new technologies) will make most content obsolete unless it has a proven outcome/record. Time will tell.

  3. I was in a local business a couple months ago and overheard a conversation between current and former military members about how they had trouble with getting recruits and having quality people. Fitness and drug use were mentioned. My local highway is suddenly blooming with flowers left for those who died on the road. I have memorial service Saturday for the 29 year old daughter of friend’s killed in an auto accident.

  6. Enjoying your Money Markets talk on Friday afternoons here on the other side of the world.
    It is my favourite regular podcast now.

  7. That whole Vatican story is interesting. It reminds me of when someone, supposedly John Wilkes Boothe, assassinated Abraham Lincoln, and the United States government broke relations with the Vatican as a result. It was not until Ronald Reagan became president that the USG renewed its relationship with the Vatican.

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