How To Handle Cash Savings Of Deceased Parents

How To Handle Cash Savings Of Deceased Parents

Liz Weston   Sun, March 9, 2025  LA Times

Dear Liz: My mother passed away a little over a year ago, and my father about 18 months prior to her. I discovered that my parents saved up quite a lot of cash (in the six figures), and I'm afraid to deposit it without triggering the IRS.

My parents routinely saved anywhere from $5,000 to up to $20,000 per year for the last 30 years. I read my mom's handwriting on the envelopes with the dates. How can I deposit all this without triggering the IRS? Some of the bills are “vintage” so I will keep them to see if they're worth more than face value. I also thought about using it to buy real estate.

 Answer: You mention “triggering the IRS” as if your deposit might set off an explosion of audit notices and tax liens. In reality, you’re far more likely to cause yourself grief by trying to avoid IRS notice than you are by simply depositing the money.

Banks report large cash deposits — typically those of $10,000 or more — to the IRS as a way to combat money laundering. Anti-money-laundering rules also have been extended to real estate deals. Banks are looking for smaller deposits that could add up to more than $10,000, so don’t think spreading out the deposits will help you avoid scrutiny.

“Depositing the money all at once would probably arouse less suspicion with the bank than making a continuing series of deposits just under $10,000,” says Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting.

Luscombe suggests retaining all those envelopes with your mother’s handwriting. If you are questioned by your bank or the IRS, the envelopes could help show your parents were gradually saving the money over time rather than engaging in some money-raising scheme on which taxes were never paid.

You didn’t mention if your parents had wills or other estate documents, or if there are other beneficiaries. Consult with an estate planning attorney to see if the cash needs to be deposited in the name of your mother’s estate.

TO READ MORRE:   https://www.yahoo.com/finance/news/handle-cash-savings-deceased-parents-100048077.html

China And Germany Are Leading The Next Round Of Global Inflation

China And Germany Are Leading The Next Round Of Global Inflation

Notes From the Field By James Hickman (Simon Black)  March 6, 2025

Between press conference bust ups, tariff announcements, peace deals, and cryptocurrency reserve proclamations, it has been a busy month and a half.

Despite all this, our global economic outlook remains relatively unchanged: we’re still anticipating a pretty serious bout of inflation around the world, and I’ll explain why.

Inflation isn’t hard to understand. We all see it when we go to the grocery store, fill up our cars, or pay for tuition, daycare, or medical services.

The pandemic was the perfect illustration of how this happens; governments worldwide locked people in their homes, halting the production of goods and services. Meanwhile, they borrowed and ‘printed’ trillions of dollars, flooding the economy with money.

The obvious result was inflation. More money was chasing fewer goods and services, so prices for just about everything increased, from stocks, crypto, and real estate to eggs and bacon.

We’ve long argued that this trend will continue. And while there was a brief respite, this cycle of debt and central bank money printing is poised to accelerate again.

Germany, for example, just announced roughly €500 billion in spending, almost all of which will be fueled by debt. And that figure appears to be just a modest down payment in their overall spending plan. They want the rest of Europe to join them in this debt binge as well.

Bear in mind, Germany is supposed to be the ‘responsible’ country that lives within its means and spends conservatively. Yet practically overnight, they have adopted a ‘whatever it takes’ mentality, and are working to eliminate legal restrictions on government expenditures so that they can spend even more.

Not to be outdone, the Chinese Communist Party earlier this week announced its own spending bonanza designed to prop up the economy and increase consumer spending.

This is all literally just from the past few days. And the implications cannot be overstated. Similar to what we saw during the pandemic, the flood of new money into the global economy will be inflationary.

We also don’t think it’s going to stop with Germany or China. Most Western nations are poised to spend beyond their means... almost as if locked in a deficit-spending ‘arms race’. So, again, our inflationary outlook has not changed.

This is why we continue to view real assets as a safe haven.

It probably also helps that, in general, real assets are at a remarkably cheap spot in their market cycle, especially when compared to financial assets.

In fact, the last time real assets (commodities specifically) were this cheap relative to stocks was in 1999 at the peak of the dot-com bubble. Commodities and related industries surged 2,000% in the years that followed, dwarfing the returns of the Dow Jones and S&P 500.

We’ve paid very special attention to real asset businesses which are trading at laughably cheap valuations even while gold is near its all time high.

Here’s a great example— last month in our highest-level investment research service, The 4th Pillar, we highlighted a precious metals business operating in one of the worlds best jurisdictions. It has a pristine balance sheet and is quite profitable, yet its stock price trades at a mere 3 times forward earnings.

In our most recent edition, which will be sent to 4th Pillar subscribers tomorrow, is another precious metals business that has been completely overlooked by investors. It too is profitable and has a fantastic balance sheet, yet also trades at a multiple of less than 3.

It’s extremely uncommon to see such healthy, well-managed businesses have enormous growth potential, yet simultaneously be so inexpensive. As a comparison, many popular tech companies have Price/Earnings multiples in excess of 30 or 40.

It’s crazy when you think about it; gold has gone through the roof, yet extremely profitable gold-related companies have seen their share prices languish.

In other words, the share prices of these precious metals companies don’t reflect the fact that gold is already near its all-time high... and they certainly don’t reflect the additional upside potential that gold could continue to surge in the coming years as foreign central banks continue to trade part of their US dollar reserves for gold.

Our investment research service, the 4th Pillar, focuses very heavily on these deeply undervalued real asset businesses: profitable companies with fantastic balance sheets and serious growth prospects that are trading at ridiculous discounts right now.

We don’t believe this anomaly is going to last, i.e. gold surging to fresh, all-time highs, yet gold company share prices languishing.

For the past few weeks we’ve been offering an annual subscription to the 4th Pillar at a steep 50% discount as well. But this too won’t last. In fact we’ll be closing out our special, promotional offer in the next couple of days.

So if you’d like to learn more about the 4th Pillar investment research— and these deeply undervalued real asset businesses, click here for more information while the promotional offer lasts.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/china-and-germany-are-leading-the-next-round-of-global-inflation-152170/

7 Worst Mistakes Boomers Can Make With Money — and How To Avoid Them

7 Worst Mistakes Boomers Can Make With Money — and How To Avoid Them

Cindy Lamothe    Sun, March 9, 2025   GOBankingRates

Every generation comes with its own set of challenges and opportunities. For boomers, there are certain fumbles they can make with money that will significantly hinder their financial situation in retirement.

 “Boomers often face financial pitfalls that can jeopardize their retirement,” said Stewart Willis, President of Asset Preservation Wealth & Tax.

Below are some of the worst mistakes and how to avoid them.

 Putting All Investments Into Cryptocurrency

According to Melanie Musson, finance expert with Insurance Providers, some boomers make the mistake of putting all their investments into cryptocurrency.

“Crypto has had an impressive run. It could grow rapidly, or it could fizzle. It’s risky. High-risk investments have a place in a diversified portfolio, but they’re not where a boomer should allocate all their savings.”

She noted that boomers’ retirement finances don’t have time to bounce back from a major loss.

Instead of putting everything into crypto, she advised investing in a diversified portfolio favoring Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck options.

Racking Up Credit Card Debt

Another financial pitfall is racking up credit card debt.

“Credit card debt is expensive. Interest rates are ridiculously high. If you get into credit card debt, you’ll pay back far more than you borrowed, making your retirement savings disappear more quickly than you anticipated,” said Musson.’

TO READ MORE:  https://www.yahoo.com/finance/news/7-worst-mistakes-boomers-money-110043895.html

The Controlled Demolition of the US Dollar’s Reserve Status

The Controlled Demolition of the US Dollar’s Reserve Status [Podcast]

Notes From the Field By James Hickman (Simon Black) March 5, 2025

Even during the darkest moments of the Biden administration—the shameful withdrawal from Afghanistan, 9% inflation, bureaucrats hell-bent on destroying the economy—I still said America’s problems were fixable.

But I didn’t see any hope in the previous administration or a prospective Kamala administration to fix things and only expected them to grow worse.

We’re now a month and a half into a new administration, and it’s fair to say some things are going very well.  There are others that, depending on your view, are not.

One big concern I have is that no one is interested in reforming Social Security—a massive entitlement program whose own trustees say will run out of money over the next several years. This is a gargantuan financial crisis in the making, a ticking time bomb that no one wants to touch.

Depending on your priorities, foreign relations are also on the list of concerns.

If you're more isolationist, you might think that the unwinding of relationships and alliances is no big deal—that the world needs America more than America needs the world.

But there are consequences to that...

$28 trillion of US government debt is coming due over the next four years, and a lot of that is owned by foreign governments and central banks.

The Treasury Department needs these players to go along and reinvest—not only in America but specifically in US government bonds.

And if relationships are too fractured, they might not be willing to do that.

That could create an enormous fiscal crisis that would most likely result in a lot of inflation.

It also puts into question the US dollar’s status as the global reserve currency, which it has enjoyed for more than 80 years.

The reality, however, is that while the short-term consequences of losing reserve status could be profound, in the long term, reserve currency status is not a requirement for economic prosperity.

There are plenty of countries around the world—Taiwan, Singapore, Switzerland, etc.—that are prosperous nations and do not have the global reserve currency.

In some respects, reserve status is a huge benefit, but also a bit of a handcuff.

In today’s podcast episode, we explore what we call the “controlled demolition” of America’s reserve status—a way for America to potentially remain powerful yet lose that reserve status.

That could be the outcome over the next four years.

And today, we discuss the paths and consequences of that scenario.

Spoiler Alert: It’s probably good for gold, and possibly crypto too.

Click here to listen in to today’s episode.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/the-controlled-demolition-of-the-us-dollars-reserve-status-podcast-152164/

The Latest Bad Premise Could Be a Disaster for the US Dollar

The Latest Bad Premise Could Be a Disaster for the US Dollar

Notes From the Field By James Hickman (Simon Black) February 27, 2025

On October 20, 2022, Liz Truss resigned as UK prime minister after just 44 days in office—the shortest tenure in British history.

She was brought down not by a no-confidence vote or a party coup, but by a full-scale bond market rebellion.

Her government’s proposed mini-budget, featuring sweeping tax cuts, triggered a historic sell-off in UK government bonds (gilts), sending yields soaring and the pound crashing.

As panic spread, the Bank of England was forced to intervene to prevent a financial meltdown, and with markets, party members, and the public losing faith, Truss’s premiership collapsed.

Such is the fate of governments when they don’t control the global reserve currency.

The US government should heed this warning.

But it seems more likely to barrel ahead with the false premise: America will always remain THE dominant global superpower that can do whatever it wants.

That’s the subject of today’s podcast.

We discuss these types of false premises— Iraq has weapons of mass destruction, it will take just two weeks to stop the spread of COVID— mistakes that over and over cost the US trillions of dollars.

And nowhere is this more egregious today than in the idea that the US dollar will remain the reserve currency, whatever the US does to push other countries away.

We talk about how a series of laws has escalated the weaponization of the US dollar, starting with the PATRIOT Act in 2001, then FATCA in 2010, and the freezing of Russia’s US assets in 2022.

Now, the Mar-A-Lago Accord is being floated, which includes an idea to strong-arm US allies into swapping their US Treasuries for 100-year, non-tradeable, zero-coupon bonds.

After all, the argument goes, the US provides defense for much of the world, it is only right that other nations should pay for it in some way.

But we discuss why this is such a bad idea, and how it will only push countries into finding alternatives for the US dollar, robbing the US of its power to influence global affairs with the currency, and stripping the US dollar of much of its demand, and therefore value.

You can listen to the full podcast here.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/the-latest-bad-premise-could-be-a-disaster-for-the-us-dollar-podcast-152145/

This Might Actually Work: America’s Golden Visa

This Might Actually Work: America’s Golden Visa

Notes From the Fiefld By James Hickman (Simon Black)  March 4, 2025

In 2012, Puerto Rico was in the depths of a nearly decade-long recession and looming debt crisis.

The island had lost about 10% of its population— mostly young, educated professionals, i.e., the most lucrative members of its tax base.

So politicians did something radical: they established incredibly attractive tax incentives in order to attract new residents. Among others, the incentives provide a 4% corporate tax rate to approved businesses, and a 0% tax rate on investment income.

This attracted thousands of individuals and businesses from the US mainland.

That’s because, while US citizens typically have to pay taxes to the US government no matter where they live or earn their income, Puerto Rico is a rare exception where bona fide residents can escape US federal income taxes, according to the US tax code.

And Puerto Rico’s tax incentives were successful in attracting a lot of wealth to the island. In fact, I moved there myself and established a business under the incentives.

Countries often use their tax or immigration policies to attract new residents or businesses.

Also in 2012, for example, Portugal was facing a severe economic crisis. So in response, the government introduced its golden visa program, which provided residency to individuals who purchased qualifying real estate in the country.

The plan worked: by 2023, Portugal had issued over 11,000 golden visas to investors and 18,000 members of their families, attracting around €7 billion in foreign investment.

But by late 2023, after locals became fed-up with rising real estate prices, Portugal ended the real estate investment option.

But Portugal’s success inspired other European nations to launch similar programs. Some, like Spain’s, are also being terminated due to its success and rising real estate prices, while others programs like Greece’s, have merely raised the investment requirement. Still other countries, such as Hungary, are introducing their own programs.

Now, the United States is considering a similar approach with what the President is calling the “Gold Card” instead of “Green Card”.

At first glance that may seem seem odd, given that the US is already a highly attractive destination for investors and foreigners.

But the US is also the most indebted country in the history of the world. And it has a notoriously horrible immigration system.

For example, why on earth does the “Green Card Lottery” exist? The US should be awarding permanent residency to the best and brightest immigrants, not randomly picking out of a hat who gets to come in.

Unlike current US investor visas, the proposed “Gold Card” would require a significantly higher investment of $5 million, which is pretty steep just for residency.

But once again, the program it would replace is idiotic.

The existing US Immigrant Investor Program, the EB-5, requires an investment of around $1 million.

But it requires investors to navigate the Byzantine US immigration system. This includes submitting a business plan to State Department bureaucrats, as if they’re qualified to judge the merits of a business.

The old EB-5 program has injected billions into the US economy, but it has also faced scrutiny for fraud and administrative backlogs.

This proposed “Gold Card” visa differs in that it there is no mandate to generate US jobs, and there is no cap on the number of visas they can issue.

So the theoretical upper limit on revenue is huge.

The President mused, “if we sell a million, that’s $5 trillion... If we sell 10 million, which is possible — 10 million highly productive people coming in... that’s $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that.”

Based on our analysis, we don’t think that’s a realistic estimate.

Outside of the United States, there are only about 120,000 “Ultra High Net Worth” individuals globally who are worth more than $50 million, according to UBS’ latest Global Wealth Reports.

So at a price tag of $5 million, those 120,000 people would be the primary target.

Even if half of them came to the United States, which is an extremely high estimate, it would be $300 billion, which doesn’t really move the needle.

But if they were to reduce the price tag to, say, $1 million, especially if it could be paid over time, then the global market could potentially generate millions of applications, and the total revenue potential for the federal government could go into the trillions.

It’s also worth pointing out that new foreign residents who cough up a million dollars to become new US residents should have a significantly positive impact on the economy.

The President also teased an idea of providing tax incentives as well, that they would only owe tax on their US income, and not their foreign income.

Currently, citizens and Green Card holders owe tax to the US government on their worldwide income. What the President is referring to is known as “non-domiciled” or “non-dom” tax regime, where only income earned in the US would be taxed.

“Non-dom” tax regimes are nothing new. The UK had a very popular one until they screwed it up last year. As a result, many welathy foreigners who were living in London are now fleeing to places like Switzerland, where you can negotiate a tax deal directly with the government.

There’s no clearer contrast to the right and the wrong approach to attracting wealth and talent to your country.

America should be considering all its options if there is any hope of reversing the decline.

And this is a good sign of that mindset. However, the outcome is still far from certain.

On the other hand, from an individual American’s perspective, it’s great that there are already golden visa programs around the world that can help you diversify internationally with foreign residency, property ownership, and investment.

Because if you live, work, invest, and have everything you hold dear in one jurisdiction (which happens to be the most indebted government in the history of the world) that’s a significant risk.

With problems the size of America’s, you don’t want all your eggs in one basket.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/this-might-actually-work-americas-golden-visa-152159/

7 Things Wealthy People Do With Their Money

7 Things Wealthy People Do With Their Money (That You Should Also Be Doing)

Jennifer Taylor  Sun, March 2, 2025  GOBankingRates

Wealthy people have a track record of making some pretty serious money moves. When you have that much wealth, a whole world of opportunities opens up for you. For the rest of us, these strategies can feel completely out of reach.

It’s true to an extent, but even the wealthy elite are following some core principles any of us can adopt. If you’re interested in growing your net worth, consider taking a page from their book. These are some tried and true things the super-rich do with their money that any of us can do.

They Live Within Their Means

Many people live a lifestyle that creates the illusion of wealth, without actually having the cash to back it up. But people who are truly wealthy know not to spend money they don’t have.

In fact, it’s common for people with serious wealth to live below their means. They often live in modest homes, drive practical cars and adhere to a strict budget. Their net worth might surprise many people, but this is exactly how they were able to build it.

Of course, this isn’t true across the board. Plenty of wealthy people do live lavishly, but we can all take some inspiration from those rich people known for living like average Joes.

They Secure Future Income

Wealthy people are almost always looking toward the future. Instant gratification usually comes at the expense of long-term stability, and they know this all too well.

That’s why the rich often focus on securing future income, and one good way to do this is with an annuity. Annuities are contracts between you and an insurance company that allow you to earn interest on a lump-sum investment.

Generally speaking, payouts can be offered for life or span a specific time period. This investment option is growing in popularity, and many issuers are currently offering high rates.

They Put Their Money To Work

TO READ MORE:  https://www.yahoo.com/finance/news/7-things-wealthy-elite-money-162850984.html

5 Things Wealthy Parents Teach Their Kids That the Middle Class Might Not

5 Things Wealthy Parents Teach Their Kids That the Middle Class Might Not

Dawn Allcot  Mon, Mar 3, 2025,

It’s often said, especially in the United States, that the rich get richer. It’s obviously easier to build wealth if you already have money to invest, a financial education and successful parents who can guide you.

For instance, Amazon may not exist today if Jeff Bezos’ parents’ had not shelled out close to $250,000 in start-up capital so he could launch the online bookstore in his garage, as widely reported by multiple sources. But it wasn’t just their cash that gave the young entrepreneur a leg up. In an article published by People, Bezos referred to his parents as “loving and supportive.”

Besides start-up capital and a safety net that enables people with more money to take bigger risks, what else do wealthy parents give their children that most middle-class parents don’t?

Real-Life Lessons on the Importance of Earning

While middle-class families may offer children an allowance to teach the basics of saving and compound interest, wealthy families emphasize the importance of earning.

“We don’t recommend that wealthy families just give an allowance — especially if the kids aren’t earning it in any way,” said Brian Weiner, founder of the Family Office Resource Group.

Taryn Pumphrey, president of Ledger Lift, agreed, describing how one local retail business owner she worked with involved her children in the family business.

“Rather than simply giving allowances, she tied their earnings to specific business tasks like inventory counting or organizing receipts, teaching both financial literacy and business operations simultaneously,” she said.

How To View Money as a Tool

Wealthy families often have neutral conversations about money, which can alleviate stress and help children view money as a tool, rather than the end goal.

TO READ MORE:  https://finance.yahoo.com/news/5-things-wealthy-parents-teach-190029751.html

9 Biggest Mistakes High Income/High Net Worth Millennials Make

9 Biggest Mistakes High Income/High Net Worth Millennials Make

Thomas Kopelman

We often associate wealth with financial expertise, but this could not be further from the truth. High net worth people are not immune to making mistakes. In fact, they make just as many mistakes, if not more than everyone else.  And the worst part about it is that these mistakes they make can be even more costly due to higher dollar amounts behind the mistakes.

Let me help you avoid this by walking you through 9 of the most common mistakes I see high net worth millennials make.

Note: Learn from these. You can easily avoid them!

1. Thinking Their Income Will Always Be There

This might apply towards people with high incomes more than people with high net worths. But regardless, this group of people are taking on a huge risk assuming that their income will always be there. There are 3 main ways income can be lost:

Loss of job – Plenty of high income folks get cut when businesses are not doing well. This is why diversifying, building up assets, having an emergency fund, etc. is crucial.

A disability putting you out of work – 1/4 millennials will have a disability that stops them from working. The stats are scary. Having disability insurance in place to protect your income can be crucial!

Business Failing – Many high net worth accumulators are business owners. This means most of their wealth is in the business and their income is tied to it. That concentration brings on a lot of risk. Managing this business well and diversifying as you earn is crucial to keep you on a good path. Do not just use your business as a piggy bank.

2. Making Their Finances Too Complex

This is something I see way too often, people start making good money and their wealth builds. And because of this, they think they need to start investing in anything and everything.

Anytime a friend or someone they know comes with a business idea, they get involved. And then all of the sudden their balance sheet is all over the place. They have little organization or coordination, and oftentimes even lack liquidity.

Be careful doing this! You do not need to invest in anything and everything. Oftentimes the best strategy is to keep things simple. You do not want to get burned.

3. Taking On Too Much Unneeded Risk

https://thomaskopelman.com/2023/08/9-biggest-mistakes-high-income-high-net-worth-millennials-make/?utm_source=apexmoney&utm_medium=dailynewsletter&utm_campaign=keep-it-simple

Get Ready to Pay

Get Ready to Pay for Paris Hilton’s New House [Podcast]

Notes From the Field by James Hickman  (Simon Black) January 14, 2025

In 1913, 24-year-old Charlie Chaplin arrived in Los Angeles, drawn by an offer from Keystone Film Company. Coming from a poverty-stricken childhood in London and a successful vaudeville career, Chaplin found in Los Angeles a place of limitless potential.

The city was largely undeveloped, surrounded by orange groves, open fields and dirt roads where coyotes still roamed. But it offered the perfect backdrop for the burgeoning film industry— mountains, oceans, deserts— and a chance to escape the constraints of traditional theater.

While San Francisco had flourished during the gold rush, Los Angeles was entering its own boom, fueled by filmmaking. Chaplin quickly became the silent era’s most famous actor, transforming the medium while the city grew into the heart of the movie industry.

Like Chaplin, Los Angeles embodied the spirit of creative freedom, shaping modern entertainment for a century.

The city, especially Hollywood, became synonymous with the film industry, and perhaps took that for granted.

Like California in general, LA assumed that however poorly it treated its residents, however burdensome the regulation, however high the taxes, people would still come flocking like there was gold in the hills.

If you ever wanted to be the author of your own decline, follow the example of California, and Los Angeles in particular.

Hollywood has chased away its own industry to burgeoning film locations like Georgia, New Mexico, and Toronto. Georgia especially is raking in the benefits from LA’s decline.

Los Angeles was a one industry town, and they chased it away.

They forced countless lockdowns on the city during COVID, even threatened to cut off water to those who dared to invite guests over. They declared themselves a sanctuary city against federal law, inviting illegals to enjoy a multitude of free benefits— then expected federal dollars to pay for it.

They cut police, and refused to enforce basic laws against things like shoplifting, or keep even serious criminals in prison. They destroyed education, from elementary to university.

And every business and individual is absolutely drowned in useless permitting.

Oh, and with all their idiotic spending priorities, somehow fire fighting, in an area prone to wildfires, seems to be the only thing they were unwilling to properly fund.

Who would want to continue doing business there? Or invest there? Or live there?

And tax revenue and talented workers are part of the exodus.

California ran things into the ground until they no long had money for basic services.

But hey, at least people can still get private insurance when the government fails them!

Oh wait, California has also run them out of town. Because of California’s regulatory burden many insurance companies no longer do business in the state. And that has left a number of people, including those whose homes have burned down, without insurance.

California has long relied on federal bailouts to fund all these idiotic policies. Their COVID lockdowns were paid for with federal tax dollars, and they’ve received bags of cash from the Biden administration to help pay for migrant care.

The damage from these fires could easily exceed $50 billion, and again, since they have chased away insurance companies, I have a funny feeling that California is going to have its hand out to the federal government once again to help people rebuild form a crisis that was not only preventable but a direct result of political incompetence.

Would you be surprised if the federal government came to their rescue, and US taxpayers ended up paying for poor Paris Hilton’s burned out mansion, because no one would give her insurance?

There used to be a saying, "As California goes, so goes the nation."

And to be frank, I think that’s right. The US itself has some deep challenges brought on by the last several years of horrific leadership and terrible priorities.

There is, starting next week, an opportunity to makes things right and get it back on track. And I am certainly rooting for them to pull it off.

If they don’t, we don’t have to wonder what the future of the US looks like— the whole world can see the failures of the left, in Los Angeles today, laid to waste.

And it is a snapshot of what might come if the incoming leadership isn’t able to right the ship.

Tune in to today’s podcast where we talk about this in greater depth, including at the end explaining our whole ethos on building a Plan B.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/get-ready-to-pay-for-paris-hiltons-new-house-podcast-151973/