Mike's Daily Comment

Financially Illiterate Graduates a Political Boon

 

Students who have no awareness of the 1.3 Trillion in government debt they will be spending their lives paying off, or have no idea what an unfunded pension liability is that they will be on the hook for might be forgiven for advocating big government. Since the school system doesn’t make them aware, it will be no surprise when they get very angry when they find out they are grossly in debt before they have even begun their working lives!

…related from Michael: Socialism Gets Slammed by…..Socialists

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Socialism Gets Slammed by…..Socialists

 

After 5 years of socialist rule in France, the socialist party dropped from 280 seats to just 29. As the new majority leader Macron said, France had become Cuba without the sun. Now the chairman of the French Socialist party declares the left must change everything about itself, including its form, substance, ideas, and organization. That’s France, and its not going much better for socialist countries elsewhere either.

…speaking of socialism, from Michael: Corruption on a Gigantic Scale

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And You Think Trump is Bad

This weeks Goofy Award Winner – Last week Michael talked about the increasing acceptance of extremism. This week is another example emanating from Britain, not a big stretch from Canada

….also from Michael: Gold Stocks: Get Ready, Get Set…..

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Corruption on a Gigantic Scale

This weeks Shocking Stat comes down hard on the comglomerate of despots, tyrants, kleptocrats and sprinkling of democracies that is the United Nations. Listen to this list of corruption if you can stomach it.

…speaking of amazing…. from Michael: The Impact of Amazon’s “Just Walk Out Technology”

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Gold Stocks: Get Ready, Get Set…..

Featured guest Paul Beattie of BT Global whose fund since inception in 2006 has more than doubled the return of the TSX. Paul answers Michael’s questions on interest rates, the economy, the Canadian Dollar, real estate. Paul sent us a note last week saying it might be time to look at gold stocks, so Michael grills him to list his exceptional picks in that area.

Last time Paul was on in November 2016 he recommended two specific energy service stocks Calfrac Well Services (CFW) at $2.75 and TriCan Well Services (TCW) at $2.97 which both soared to over $5..00 in the next 60 and 90 days respectively. Another big winner from Paul was Trevali Resources up from below 35 cents in March 2016 to a high of $1.57 in Feb 2017. Trevali Resources traded to a close of $1.05 on friday.

…also from Michael: The Impact of Amazon’s “Just Walk Out Technology”

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