was a great title for Francis Ford Coppola's 1979 Vietnam War
classic starring Martin Sheen.
Today, many financial pundits are claiming that the United States -
flooded with debt, burdened by high unemployment, and with an
economy growing at a snail's pace - is on the edge of a new
"Financial Armageddon," "The End of America," "American
- whatever you want to call it - that's what they claim is
If you believe them, the world as we know it is about to change for
I don't believe them. Not one bit.
These financial pundits are capitalizing on the fears and concerns
of sane investors like you. Don't let them! They want you to take
all of your personal wealth and buy gold bullion. They want you to
own a gun, build a bunker in your backyard, and keep at least a few
months of food and water supplies on hand - just in case.
Some are even going so far as to give away cheap, made-in-China
"emergency radios" to all of their new customers - in the event
your phone stops working.
Sound ridiculous? I promise I'm not making it up.
If you want to hear that the world is getting worse every day and
you want to believe that our economy will be brought to its knees a
la the Great Depression, there are plenty of forecasters who will
support that point of view. They will tell you that the end is
near, and try to persuade you that they have the solutions to
surviving a world in decline.
Here's what I think: Everyone is entitled to their own opinions,
financial pundits included.
But they're not entitled to their own facts.
Sure, there are many reasons for concern today. Our government's
debt grows higher by the day. Unemployment is high and economic
growth is slow. And our representatives in Washington - Democrats
and Republicans alike - are unable and unwilling to take the bold
actions required to turn our nation's finances around. These were
the key reasons for the downgrade of U.S. debt by rating agency
Standard & Poor's.
But I don't think that the world is coming to an end. I don't think
that America is going to go bankrupt. I don't believe that the U.S.
will default on its debt.
I don't believe U.S. dollars will be used to start the fireplace
when the heat no longer works. I don't believe that gold and silver
will be the only "money" accepted for goods and services.
I'm a cautiously optimistic person. I can recognize challenges, but
understand how those problems can also spell opportunity. I'm more
likely to be on the lookout for profit opportunities during times
of uncertainty, rather than ducking for cover.
And I see a tremendous number of opportunities opening up that
should be of interest to investors who believe that America will
persevere through anything thrown in its way.
I am by no means permanently bullish on the stock market. On the
contrary - I have been bearish on stocks at many times in the past.
I fully recognize and am willing to discuss the many challenges
that exist today, and how they affect citizens and investors.
But I'm writing today to tell you that America will not be coming
to an end any time soon. I suspect that you feel the same way.
As a reasonable person who has seen the ups and downs of the
economy, seen our nation wage several wars, and watched political
showdown after showdown in Washington, you know that our country's
problems today aren't insurmountable.
Take a moment to consider the progress of our country and the
improvements in our standard of living over the last 100 years.
We have better access to health care. Life expectancy is so high
that entry into the social security system has been pushed back by
years. Our children have access to all sorts of information,
previously unavailable, by using computers at home and in the
We have automobiles and homes that heat up at the touch of a
button. Travel is relatively quick, easy and affordable. You can
call home to the United States from your cell phone while in China,
Japan, Argentina or Europe.
I don't think things have gotten dramatically worse. In fact, I
think they have greatly improved.
While it's easy to remember the good things about the past, it
seems few people are able to see how much better things are today.
So while it's easy to focus on the problems - of which I admit
there are many - it's just as easy to forget about our progress,
our improvements in standard of living, and our global standing
today relative to other countries around the world.
It's easy to point fingers, to blame our politicians in Washington.
No doubt most of them should be fired for their handling of the
debt ceiling and budget cuts. I wouldn't trust most of our
leadership to sweep the floors in my office.
But just because our political system is dysfunctional doesn't mean
our entire country, or way of life, is in jeopardy.
In the coming weeks and months my team of researchers and I will
continue to present some of the best opportunities available in
today's market. And within one week I'll be releasing two special
reports highlighting conservative investment opportunities for
long-term investors who believe, as I do, that America's best days
These reports will be part of my real-money
newsletter advisory service. I'll let you know when they are
Have a great weekend,