When there’s an important question in need of a definite answer, the ability to provide a clear-cut solution helps to explain the beauty of mathematics and science. For example, we know that 2+2=4, and 2 parts hydrogen to 1 part oxygen is the chemical formula for water. Moreover, even though we may be faced with far more complicated math or science questions which may seem impossible to solve, we know the ultimate answers are typically within reach. However, when it comes to our current economic and financial problems, it appears that math and science don’t even exist. In other words, unlike math and science questions, our contemporary fiscal issues are not easily solved and logical conclusions appear to be unattainable.
These days, the average person lacks sufficient savings to retire; consequently most are forced to either work longer or go back to work. In addition, college students who have done absolutely everything — including achieving good grades, consistently taking part in beneficial internship programs, and participating in extracurricular activities — not only greatly question whether or not they will land a job in their field of training, but are also very concerned about getting any kind of job at all. Furthermore, countries such as Russia, China, and Venezuela — places that in the past have been anti-American in their beliefs — have now somehow become the countries of choice for people seeking political asylum. Categorically, our world is topsy-turvy. While normally providing all the answers for the world’s financial dilemmas, even the so-called experts are suffering from major hallucinations.
Yet, from my perspective as a columnist and radio commentator for well over 30 years, I’ve routinely provided solutions for many of the world’s alleged financial and economic predicaments. My presumptuousness notwithstanding, the explanations that I’ve suggested over the years may not have always been correct, but at least I always had an answer. However, given our current economic circumstances, I’m practically at a loss in regards to solving many of the significant financial issues that we are facing today. As I’m inundated by the liberal wings of various political parties that foolishly say we must implement more of the same Keynesian economic policies, I’m also bombarded by the more sensible messages from conservative political groups.
Nevertheless, recognizing that our current administration doesn’t acknowledge the term “failure,” it would seem the longer we postpone the inevitable, the more difficult the solution becomes. Undoubtedly, Einstein’s definition of insanity continues to bear fruit. Thus, as I continue to struggle mightily with solutions to the nearly insurmountable economic and financial questions, I am left with one — and only one — conclusion. Specifically, we need to start again. In fact, as each day goes by, this well-defined solution becomes more readily apparent.
Our current political leaders, legislative advisors, and even the citizens of our great country, all need the steadfast courage to understand that we must start over — anything short of that will essentially be incomprehensible.
Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at firstname.lastname@example.org and on Twitter @tatroshow.