Things You Find After a Flood...

[] Senator Rand Paul sat down with Garrett {NAME} in 2014, and relayed a stern warning about the Federal Reserve and monetary policy. Let’s look back on that warning eight years later. [View in browser]( [View in browser]( [] [Godesburg's Haven Investment Letter]( [] [Godesburg's Haven Investment Letter]( [] Things You Find After a Flood [Garrett Pic] Dear Investor, As you may know, a pipe burst in my home in October. While the lights were off during Hurricane Ian, mold spread across the room. We had to throw away many things… and remove an entire wall. Over the weekend, my wife cleaned out a filing cabinet. I don’t think I’d opened that thing since we moved to Chicago in 2015. In one folder was a large packet of articles I’d written for Modern Trader magazine, including the first articles I’d penned after joining the publication. Inside one of the final issues of Futures Magazine (before the name changed), I had two stories. The first was a piece about former Buffalo Bills quarterback E.J. Manuel, who sold a stake in his future expected income on a Sports Exchange (that was brilliant by him. He hasn’t been in the league since 2019). He sold a stake in all of his future NFL income. So - when he fell out of the league - he ended up making out on the deal. The investors? Not so much. The second was an interview with a U.S. Senator. I don’t want to say the person’s name right away. But this is illuminating. Before the Storm We Face Today I conducted the interview in 2014. This was long before the European Central Bank fueled the global rush of bond purchases and rejected austerity. Long before QE 3. Long before QE 4 and the great COVID helicopter money escapade. Yet, one question and one answer stand out to me… The question was: What are your thoughts on plans by the Federal Reserve to taper stimulus plans and eventually raise interest rates? (Remember… this wouldn’t happen until 2018.) Here is the Senator’s answer: “The main thing is, from a historic perspective, we ought to ask the question: Are we proud of an agency that has lost 96% of the value of the thing the Fed is supposed to protect? Would that be a success or failure? Have we had more or less upheaval, greater or fewer panics or crashes since the Federal Reserve or before the Federal Reserve? There is an objective argument that we did have problems before the Federal Reserve, but we still continue to have problems with the Federal Reserve. The fundamental question about the Federal Reserve and monetary policy in general that we should ask is “How important is it that the market should decide prices?” If you ask most free-market economists, they’d say: “Absolutely. The price of bread, the price of computers, the price of labor, all that should be free and open to the marketplace.” However, their one inconsistency is they think interest rates should be set by the government. It’s amazing that so many people who favor free markets and free pricing supports a completely centralized, completely arbitrary setting of the price of money. This led to the great housing bubble and the great housing crash. In a normal marketplace, as things began to heat up and you had more builders and more people borrowing money, as the demand rose for money, so would the price in the form of interest rates. The rising price of money would slow down the economy, and you’d have a reversal. But you wouldn’t get to a point where you reached insane levels of housing prices, where people were doubling and tripling their house price every year or two. This craziness of that doesn’t happen under capitalism. It doesn’t happen under a free-pricing mechanism. The debate we ought to have in this country is” Should the price of money be arbitrarily decided by one central authority? Or should the price of money be decided by a marketplace?” In Retrospect It’s a very important question that we didn’t ask then and still haven’t asked now. If we had asked this question – would we have experienced this problem with inflation? Would we have experienced this market downturn this year? And will we continue to operate in an environment – without reform – that has fueled FOUR massive financial downturns in the last 20 years? 2001-02, 2008, 2020, and 2022. And other sharp reversals like we had in 2018. I’ll talk over the next two days about what lies ahead after this election. Various scenarios will require your attention as an investor - AND - trader. I look forward to these discussions… Oh… The quote – by the way – is from Senator Rand Paul. Enjoy your day, [Garrett signature] Garrett {NAME} [] Market momentum is Green again. Markets shook off the earnings reports from Microsoft and Alphabet and continued a strong squeeze through the morning hours. However, all eyes now focus on the energy sector and the earnings report from Apple on Thursday afternoon. [] [] [] Things You Find After a Flood [Garrett Pic] Dear Investor, As you may know, a pipe burst in my home in October. While the lights were off during Hurricane Ian, mold spread across the room. We had to throw away many things… and remove an entire wall. Over the weekend, my wife cleaned out a filing cabinet. I don’t think I’d opened that thing since we moved to Chicago in 2015. In one folder was a large packet of articles I’d written for Modern Trader magazine, including the first articles I’d penned after joining the publication. Inside one of the final issues of Futures Magazine (before the name changed), I had two stories. The first was a piece about former Buffalo Bills quarterback E.J. Manuel, who sold a stake in his future expected income on a Sports Exchange (that was brilliant by him. He hasn’t been in the league since 2019). He sold a stake in all of his future NFL income. So - when he fell out of the league - he ended up making out on the deal. The investors? Not so much. The second was an interview with a U.S. Senator. I don’t want to say the person’s name right away. But this is illuminating. Before the Storm We Face Today I conducted the interview in 2014. This was long before the European Central Bank fueled the global rush of bond purchases and rejected austerity. Long before QE 3. Long before QE 4 and the great COVID helicopter money escapade. Yet, one question and one answer stand out to me… The question was: What are your thoughts on plans by the Federal Reserve to taper stimulus plans and eventually raise interest rates? (Remember… this wouldn’t happen until 2018.) Here is the Senator’s answer: “The main thing is, from a historic perspective, we ought to ask the question: Are we proud of an agency that has lost 96% of the value of the thing the Fed is supposed to protect? Would that be a success or failure? Have we had more or less upheaval, greater or fewer panics or crashes since the Federal Reserve or before the Federal Reserve? There is an objective argument that we did have problems before the Federal Reserve, but we still continue to have problems with the Federal Reserve. The fundamental question about the Federal Reserve and monetary policy in general that we should ask is “How important is it that the market should decide prices?” If you ask most free-market economists, they’d say: “Absolutely. The price of bread, the price of computers, the price of labor, all that should be free and open to the marketplace.” However, their one inconsistency is they think interest rates should be set by the government. It’s amazing that so many people who favor free markets and free pricing supports a completely centralized, completely arbitrary setting of the price of money. This led to the great housing bubble and the great housing crash. In a normal marketplace, as things began to heat up and you had more builders and more people borrowing money, as the demand rose for money, so would the price in the form of interest rates. The rising price of money would slow down the economy, and you’d have a reversal. But you wouldn’t get to a point where you reached insane levels of housing prices, where people were doubling and tripling their house price every year or two. This craziness of that doesn’t happen under capitalism. It doesn’t happen under a free-pricing mechanism. The debate we ought to have in this country is” Should the price of money be arbitrarily decided by one central authority? Or should the price of money be decided by a marketplace?” In Retrospect It’s a very important question that we didn’t ask then and still haven’t asked now. If we had asked this question – would we have experienced this problem with inflation? Would we have experienced this market downturn this year? And will we continue to operate in an environment – without reform – that has fueled FOUR massive financial downturns in the last 20 years? 2001-02, 2008, 2020, and 2022. And other sharp reversals like we had in 2018. I’ll talk over the next two days about what lies ahead after this election. Various scenarios will require your attention as an investor - AND - trader. I look forward to these discussions… Oh… The quote – by the way – is from Senator Rand Paul. Enjoy your day, [Garrett signature] Garrett {NAME} [] Market momentum is Green again. Markets shook off the earnings reports from Microsoft and Alphabet and continued a strong squeeze through the morning hours. However, all eyes now focus on the energy sector and the earnings report from Apple on Thursday afternoon. [] [] [] © 2022 Godesburg Financial Publishing, Inc. 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Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information please visit [our disclaimer page here](. [] Sent to: {EMAIL} [UNSUBSCRIBE]( [] © 2022 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information please visit [our disclaimer page here](. [] Sent to: {EMAIL} [UNSUBSCRIBE](