Less of the Four Ps
I came down to find out how to get a little more in my life and my investments. And the Grand Ballroom at the Sheraton Hotel was packed with nearly 300 like-minded investors, who were all looking for the same thing.
Yesterday's session opened with a keynote address by The Sovereign Society's co-founder and Legal Counsel Bob Bauman. A former U.S. Congressman, listening to Bob's insights is a pleasure. He calls himself a libertarian conservative, but I'd call him spot on.
He pretty much underscored the importance of this conference by talking about the four Ps - property, profit, privacy and personal freedom. And the fact that in today's world the government is hell bent on making sure we all have less of them. Take a look at legislation passed by our lawmakers in Washington today and you can see that they basically fly in the face of the very principles that the U.S. was founded on. The principles set out in the Constitution.
He pointed out that politics today are about self-gratification and quick fixes. What the media reports has nothing to do with the real issues. Issues like the importance of personal property - an importance that is largely ignored by the government.
He pronounced privacy dead in America today. The PATRIOT Act has become the single most unconstitutional law ever enacted in the United States. Your financial dealings are an open book to the government - by law bankers are required to report on your account activity. And the only thing the Homeland Security Dept has secured is a bunch of airport workers' jobs.
Getting more of the four Ps now requires some serious decision making on the part of investors today. And with the coming election, we're going to have to be making those decisions in a hurry.