You are receiving this email because you signed up to receive our free e-letter Skousen Investor Cafe, or you purchased a product or service from its publisher, Eagle Financial Publications. [Skousen's Investor CAFE] [Forecasts & Strategies]( [Fast Money Alert]( [Five Star Trader]( [Home Run Trader]( [TNT Trader]( The Next Big Threat to Peace By Mark Skousen
Editor, [Forecasts & Strategies]( 03/10/2022 Sponsored Content [Crash Warning: Everything Just Changed]( Stocks plummeted this week. Investors are terrified. And Morgan Stanley just announced a "20% drop in the S&P 500" could happen any moment. It's time to prepare for a market moment that could define your wealth for the next decade. A small group of U.S. investors are in line to receive advance notice of the exact day of the next market crash. [Click here for the exact day stocks will crash.]( âThere will never be peace in the world as long as Communism exists. We are in a war to the death, and not of our choosing.â -- Fred Koch 1960 Fred Koch, the father of libertarian billionaire Charles Koch, wrote those words in a pamphlet entitled âA Business Man Looks at Communism.â He had first-hand experience doing oil business in the Soviet Union in the 1930s, witnessing poverty, brutality and atrocities under Communism. He also was prophetic when he wrote on p. 18, âAt the proper time you will see that Venezuela is as Communist as Cuba.â Fred Koch was pessimistic about the fight against Marxism-Leninism. He did not foresee the collapse of the Berlin Wall in 1989 or the fall of Soviet socialist central planning in 1991. But he was right about one thing -- The Marxist Communist threat is still alive; world peace is elusive. Russia may have officially renounced the Soviet state, but Vladimir Putin, a former KGB agent, is an authoritarian and brutal dictator and the greatest threat to peace and prosperity since World War II. The outcome of this battle in Ukraine is still to be determined. Meanwhile, the Russian invasion has destabilized economies and the markets, and threatened the future of globalization. International trade used to expand every year, but since 2020 has been on the decline. The Russian war has also ignited a major bull market in oil, precious metals and other commodities. It is also a stimulus to the military-industrial complex that President Dwight Eisenhower warned us against some 60 years ago. As Randolph Bourne, an anti-war writer during World War I, warned, âWar is the health of the state.â Military conflict will increase the pressure on our financial resources at a time when we are vulnerable. The national debt is already over $30 trillion due to profligate spending by Republicans and Democrats. More inflation is on our way. [Top 20 Living Economist Shares the Largest Position in His Personal IRA]( Investing legend Dr. Mark Skousen recently gave a talk to a small group in the heart of Washington, D.C. In it, he revealed the cornerstone of his retirement plan â and the one investment that helped make him a millionaire. [Click here to watch Dr. Skousen's presentation]( â and learn about âthe best way to become a millionaire in America.â The Next Threat: Communist China If Russia succeeds in annexing the Ukraine, will this turn of events embolden China to invade Taiwan? China has already violated its treaty with Britain and taken over Hong Kong, the former bastion of economic liberty. Until recently, Hong Kong was ranked the #1 territory in the Fraser Instituteâs Economic Freedom Index. I just finished reading a sobering book, âToday Hong Kong, Tomorrow the World,â about Chinaâs crackdown and its plan to end freedom everywhere. It is [available here on Amazon](. The author, Mark L. Clifford, is a veteran journalist who lived in Hong Kong for over 20 years. Hong Kong used to be my favorite destination in Asia. I was fascinated by its history, how a rock with no drinking water and precious little food sources, could become the richest territory in the world after World War II. It was the perfect model of how a country should operate with limited government, the rule of law, free trade and low tax rates. It has not changed its tax policy in 70 years, and still has a flat tax policy with no tax on capital gains, interest or dividends. Now, I wonât even set foot in this beloved city for fear of being treated as an enemy of the state. The Communist Chinese continue to threaten to take over Taiwan, but are bidding their time, waiting for the right opportunity to strike. Will the United States defend Taiwan -- the only true Republic of China -- and risk World War III? For investors, the best strategy is a diversified portfolio of stocks, bonds, technology, real estate, energy and precious metals. âA Devastating Critique of Marxismâ The Marxist/Communist attack on capitalism has infiltrated college campuses, Hollywood, the halls of Congress and the boardroom. Marxists and the New Socialists argue that capitalism benefits only the rich, encourages materialism and greed and causes gross inequality and environmental destruction. How to fight back? Chapter 6 of my book âThe Making of Modern Economicsâ is called âMarx Madness: How Marx Plunged Economics into a New Dark Ageâ and has been called âthe most devastating critique of Karl Marxâs theories ever written.â This chapter alone has converted many Marxists into free-market advocates. A student at the University of the Philippines, a hotbed of Marxism, typed up the entire chapter and emailed it to all his friends. The Marxist professors were so mad they banned my book from the library. Yet it stopped the Communist Party from gaining a foothold on campus. âSkousenâs Textbook is by Far the Bestâ Speaking of my textbook, I received the following letter last week from Jeff Myers, president of Summit Ministries in Colorado Springs: âMy mission is to prepare students for the onslaught of socialistic and Marxist college educators. This involves reading a lot of textbooks so I can understand what they are facing in class. Iâve read the top textbooks in economics today and The Making of Modern Economics by Mark Skousen is by far the best. Honestly, there isnât even a close second. Skousenâs book vibrantly brings historyâs economic thinkers to life, coherently explains key economic concepts and builds a foundation for free thinking and economic flourishing.â Thank you, Jeff. [You Might Not See This Again]( Today is your opportunity to lay the foundation and make 2022 your best trading year ever. And Vantagepoint traders whoâve already been using our A.I. forecasting tool are well on their way to building a stronger portfolio. Why? Because they can see the behavior and pattern of a stock, analyzed by artificial intelligence algorithms up to 72 hours in advance, giving them plenty of time to get out or get in. But if you havenât seen our A.I. software yet, join our [FREE online training session]( to learn how to use it! The New, Fourth Edition of âMaking of Modern Economicsâ is Out! Iâm happy to announce that the brand-new fourth edition of âThe Making of Modern Economicsâ has just been published by the prestigious publisher Routledge (publisher of the works of Friedrich Hayek). Guess who the hero is of my book? It is now the most popular history textbook of the great economic thinkers used in the classroom. As Roger Garrison, professor at Auburn University, states, âMy students love it. Skousen makes the history of economics come alive like no other textbook.â It is the only history textbook that reads like a novel, with a hero (Adam Smith and his âsystem of natural libertyâ) who constantly comes under attack by the socialists, Marxists and Keynesians. He is sometimes left for dead but then is miraculously resuscitated by the French laissez-faire school of thought, the Austrians, the supply-siders and the Chicago School of economics. Spoiler Alert! It even has a good ending when the Adam Smith model triumphs with the collapse of the Berlin Wall and the Soviet socialist central planning model. The fourth edition updates the dramatic story with the challenges of modern monetary theory, the COVID-19 pandemic, climate change, minimum wage debates, the new socialists and more. Click [here]( for more information. The book is award-winning. It has won the Choice Book Award for Academic Excellence, and it was ranked #2 Best Libertarian Books in Economics by the Ayn Rand Institute (behind Henry Hazlittâs âEconomics in One Lessonâ). Hereâs what reviewers are saying: âThe most interesting and lively book on the history of economic thought ever written.â -- Douglas A. Irwin, Dartmouth College, United Kingdom âA story rarely told⦠Itâs unputdownable!â -- Mark Blaug, University of Amsterdam, The Netherlands âProvocative, engaging, anything but dismal!â -- N. Gregory Mankiw, Harvard University, The United States âAll histories of economics are BS -- Before Skousen! Live and accurate, a sure bestseller.â -- Milton Friedman âMarkâs book is fun to read on every page. I have read it three times. I love this book and have recommended it to dozens of my friends.â -- John Mackey (CEO, Whole Foods Market) âMark Skousen is a great economist, great entrepreneur and great friend. His book brings history to life, with concise and incisive sketches of flesh and blood individuals. Read it!â -- Steve Forbes Get 50% Off by Ordering it from the Author Routledge charges $54.95, plus shipping, but you can buy it directly from the author for only $35. Each copy is autographed, dated and mailed for no extra charge if mailed inside the United States. To buy your copy, go to [www.skousenbooks.com](. Good Investing, AEIOU, [Mark Skousen] Mark Skousen
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[FreedomFest]( [You Blew It!] Was George III an Enlightened King or a Tyrant?
By Mark Skousen
Editor, [Forecasts & Strategies]( Americans familiar with the history of our founding have regarded George III, as âthe cruelest tyrant of this ageâ (eighteenth century), âa sovereign who inflicted more profound and enduring injuries upon this country than any other modern English kingâ (W.E.H. Lecky, nineteenth century), âone of Englandâs most disastrous kingsâ (J.H. Plumb, twentieth century) and as the pompous monarch of the musical Hamilton (twenty-first century). But British historian Andrew Roberts begs to differ in his new book, âThe Last King of America: The Misunderstood Reign of George III.â In 784 pages, he portrays George as intelligent, benevolent, scrupulously devoted to the constitution of his country and (as head of government as well as head of state) skilled in navigating the turbulence of eighteenth-century politics with a strong sense of honor and duty. He was a devoted husband and family man, a great patron of the arts and sciences, keen to advance Britain's agricultural capacity (âFarmer Georgeâ) and determined that her horizons should be global. He could be stubborn and self-righteous, but he was also brave, brushing aside numerous assassination attempts, galvanizing his ministers and generals at moments of crisis and stoic in the face of his descent -- five times during his life -- into a horrifying loss of mind. According to Roberts, the list of crimes in the Declaration of Independence applied more to a British prime minister and his ministers than to the king, and was âlargely Jeffersonian propaganda.â Roberts concludes, âthe people who knew George III best loved him the most,â and that far from being a tyrant or incompetent, George III was one of our most admirable monarchs. Can this really be true, that George III was âneither ignorant nor a tyrant,â and that the king was âneither ignorant nor a tyrantâ but rather a defender of âlife, liberty and the pursuit of happinessâ -- and somehow his ministers were the culprits, not the king, of the disastrous campaign against the American colonists? Roberts undercuts his own argument when he states, âIn every clash that was to come, however, the king declared himself a champion of the rights of the Westminster Parliament over his American colonies.â Such is not the approach of a flexible, thoughtful leader. George was incredibly stubborn. What about the Egregious Mistreatment of American POWs? Interestingly, Robertsâ book says nothing about the American prisoner of war (POW) scandal and mistreatment by the British. âAmerican prisonersâ and âprisonersâ does not appear in the index. Benjamin Franklin, as ambassador to France during the American Revolution, wrote the following in 1777 about the severe treatment of American POWs in England, suggesting that there were traditional rules about the treatment of prisoners during the American Revolution: âI informed Mr. Hartley [David Hartley, British statesman, scientist, and member of Parliament who helped negotiate the peace and exchange of prisoners] that our prisoners in English jails complained of very severe treatment, contrary to every rule of war among civilized nations. Far from friends and families, and with winter coming on, they suffered extremely, were fed scantily on bad provisions, and were without warm lodging, clothes or fire; and not suffering to write or receive visits from their friends, or even from the humane and charitable among their enemies... Our people were not allowed the use of pen and ink, nor the sights of newspapers, nor the conversation of friends.â He added, âI assured Mr. Hartley that prisoners in America were treated with great kindness, and were served with the same rations of wholesome provisions with our troops; comfortable lodgings were provided for them, and they were allowed large bounds of villages in a health air, to walk and amuse themselves in upon their parole. âI petitioned him, and later Lord North, to find a trusty, humane, discreet person who would undertake to distribute what relief we could afford to those unhappy brave men, martyrs to the cause of liberty.â Surely if Mr. Hartley and Lord North [prime minister during the war] knew about the awful conditions of the American prisoners, would not King George III be so informed? Franklin worked constantly to exchange prisoners with the British after four years of âcruel captivity,â and eventually succeeded to some extent. Even after the victory at Yorktown, Franklin wrote, âDespite the victory at Yorktown, there were still nearly a thousand of our brave fellows prisoners in England, and 200 in Ireland, who were destitute of every necessity, and died daily in numbers. All were committed and charged with high treason. Many had patiently endured the hardships of that confinement several years, resisting every temptation to serve our enemies." It wasn't until May 13, 1782, before all American prisoners were finally released (actually not until 1783). Iâve been reading historian Edward Burrowâs âForgotten Patriots: The Untold Story of American Prisoners During the American Revolutionâ (2008) and he writes extensively about newspaper reports and Congressional reports exposing the mistreatment of American POWs, many of which were distributed widely in the United Kingdom and Europe. I canât image the King of England being ignorant of such nefarious activity, it was so brutal, 40% deaths in the prison hulks in New York... There are open letters to the Lord Mayor of London complaining about conditions... How could the King not know about these things? Burrow simply says the King was âindifferentâ toward the American POWs, which were treated as âtraitorsâ and therefore did not need to be treated as POWs with certain rights. In conclusion, I prefer this [scene from the musical â1776.â]( About Mark Skousen, Ph.D.: [Mark Skousen]Mark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, Forecasts & Strategies. He also serves as investment director of four trading services: TNT Trader, Five Star Trader, Home Run Trader, and Fast Money Alert. 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