Top Economist Warns of the Welfare State, the Biggest Threat to Prosperity

Please remember to add SkousenInvestorCAFE@info.eaglefinancialpublications.com to your address book to ensure that you continue to receive Mark Skousen's newsletter in your inbox.

MarkSkousen.com | Investor CAFÉ | Forecasts & Strategies | Fast Money Alert

Top Economist Warns of the Welfare State, the Biggest Threat to Prosperity By Mark Skousen Editor, Forecasts & Strategies 9-5-2014   HONG KONG — The opening Mont Pelerin Society (MPS) address by Allan Meltzer, of Carnegie-Mellon University, warned attendees that the welfare system in America is getting out of control and could result in slow economic growth for years to come. “The greatest threat today is the welfare state,” Meltzer said. “Lowering taxes does not appeal to the average voter because they don’t pay income taxes anymore.” 3 New and Easy Rules for Trading Options Trading options successfully doesn’t have to be hard or risky. Our 3 ironclad rules for options trading success are easy to follow and offer you the quickest, surest way to give yourself an edge. Follow them and you could soon be picking up gains like 524% in 34 days, 238% in 1 day, 196% in 37 days — all in simple, straightforward put and call option trades. Get all three rules and our explanation of how to put them to work for you FREE in this just released special report. Download your FREE copy here now! Meltzer added that “the welfare system can’t exist without a vibrant capitalistic economy.” Another important topic of discussion at the society’s annual meeting here focused on China. Three Chinese experts who live there mentioned that the Chinese Communist Congress called last November for the “market to play a decisive role” in the future. But there was no evidence of political reform. In fact, while here in Hong Kong, government leaders in Beijing announced that there would be no real free elections in Hong Kong next year. All candidates must be approved, and then residents can vote. The Chinese experts also warned that the good ol’ days of high growth and strong leadership were gone; expect growth to slow under weak leadership. The Secret Trading Strategy of the 1% For years, individual investors have assumed that “big money” investments — the private deals that dominate news headlines — were only available to those with deep pockets. But after watching from a distance while the likes of Mitt Romney and Bill Gates continue to pad their bank accounts, I decided that everyone should have that opportunity… Which is why I launched this brand new trading service that allows investors just like you to find the private equity plays that are unknown to the vast majority. Click here now to score triple-digit profits by getting in on the ground floor of companies that are primed to skyrocket! Click Here Now! Deepak Lal, a UCLA economist who is an expert on India, told attendees that the jury is still out on the country’s new President Modi, and whether he can turn the Indian economy around. I’m more optimistic. The India Fund (IFN, $26.81), a holding in my Forecasts & Strategies newsletter, continues to show strength in response to new supply-side policies favorable toward business at the federal and state level. My subscribers are approaching a double-digit percentage gain. The Mont Pelerin Society is an international group of political and economic thinkers who come from around the world to exchange ideas and find out what’s going on around the globe. I attend almost all of the society’s meetings, since it is a great way to find out what’s going on around the world at a single conference. The society was established in 1947, and I’ve been a member since 2002, after my nomination by Milton Friedman, one of its founders. This year, I am a moderator of a group discussion on the growing threat of inflation. The Most Important Dates This Year I’ve been monitoring a very fascinating — and extremely profitable — trading pattern in certain stocks. You see, there are specific 14-25 day periods every year where the 34 picks I’m researching have been proven to make very sudden leaps in share price. I call these periods “fast money windows.” And the best part? These patterns occur with 91-100% accuracy. That’s the beauty of this service… it’s the single best way to profit from these reliable market spikes year round, year after year. Click here now to reserve your spot and be one of the first to grab profits from the next “fast money window!” Click Here Now! In case you missed it, I encourage you to read my e-letter column on Eagle Daily Investor from last week about a simple investing test that only 34% of people pass. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.