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Dan Mangru on What It Means to Be Free – The Mangru Moment – The Mangru Report on Fox Business February 7, 2011

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At the conclusion of The Mangru Report’s coverage of Freedom Fest, Dan Mangru sits down for an introspective look on what it means to be free and how Americans should be exercising the right that so many gave their lives for.

Bonus:

Steve Forbes FreedomFest Interview:

Pie in the Sky – John Browne Commentary January 27, 2011

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John Browne Headshot

Pie in the Sky

By John Browne

Following the huge gains made by Republicans in the midterm elections, it was widely expected that President Obama would use the State of the Union address to signal a major policy shift toward the center of the political spectrum. On the surface, at least, he appeared to do just that, hinting that he took budget management very seriously and that Americans should be prepared for shared sacrifice. However, as the final applause still echoed in the House chamber, many astute pundits were left trying to make sense of the many contradictory policy prescriptions the President proffered.

Classical political maneuvering dictates that when clouds are grey, politicians must offer good news, tell jokes, and remind us warmly of our childhood (or in Obama’s version, America’s triumph over Russia in the Space Race). Disclosure of specific measures should be avoided at all costs. President Obama followed these tactics closely.

While he did address plans to cut non-defence, discretionary federal spending – a small fraction of the overall budget – the President also announced his intention to increase spending on several existing and new initiatives. The scope of the new initiatives will surely eclipse the modest cuts pledged.

The President was careful to refer to all his spending plans as “investments.” The word is used in order to illicit a pleasant feeling among voters who instinctively favor capitalism over socialism, not because any thinking person expects these resources to be better allocated than they would have been by the market. Governments don’t make investments because they aren’t subject to profit-and-loss feedback. Governments provide public goods for which no profit can be measured or expected – or else we would just have the private sector take care of it. This disingenuous use of the word investment disguises the fact that the President simply intends to borrow even more money to spend on public-sector jobs.

The essential point is that while jobs in the private sector create wealth, public sector jobs actually consume wealth. When I was a Member of the British Parliament, I represented a county that spent the least amount per pupil on education of anywhere in the entire country. Yet, the achievement level of the students was by far the highest. It was vivid proof that it is not the amount of money that is crucial to success, but the quality of the spending. If the President were to lower taxation, cut the number of government regulations, and replace a political atmosphere of uncertainty with one of certainty, he might stand a chance of reviving wealth creation.

More seriously, the President made no mention of the massive debt problems facing US state governments, such as California and Illinois. The potential eruption of these debt and currency problems could well dominate investment strategies for 2011.

Yesterday, the Congressional Budget Office issued a highly embarrassing assessment that the federal deficit for 2011 would rise from the previously projected $1.1 trillion to $1.48 trillion. At a stroke, this nullified the President’s debt reduction plans. The CBO also pointed out that Social Security posted a $45 billion deficit in 2010 and will bleed more than $600 billion over the next ten years. I assume these estimates to be conservative. It is clear that the President, and the rest of Congress for that matter (with the possible exception of Congressman Paul Ryan whose austere recommendations have been ignored by most of his fellow Republicans), are dancing around the bonfire of our sovereign credit and hoping that their twirls will distract us from the conflagration.

Also yesterday, the Federal Reserve’s policy statement claimed that its massive stimulus plans are working, and that it will maintain both QE II and near-zero rates well into 2011. If the economy were indeed improving, as Messrs. Bernanke and Obama claim, why would the Fed and the Treasury need to keep administering life support? Clearly the White House and the Fed have little confidence in their own assertions; so, how should average investors react to more promises which are highly unlikely to be kept?

Rather than buying into Washington’s scripted recovery propaganda, investors should focus on the bottom line. Low interest rates are distorting the value of money and the key investment relationship between risk and reward. One side effect is that investors are being incentivized to favor equities over fixed income. A lack of viable alternatives has likely played an unsung role in supporting the current stock market rally.

Investors would be well-advised to retain a jaundiced view of all political statements, especially those of central bankers and politicians positioning themselves for the next election. In 2011, investors should focus their eyes not on the sky, but at the brick wall our Union is fast approaching.

John Browne is a Senior Market Strategist at Euro-Pacific Capital. He’s been a member of English Parliament, an advisor to Prime Minister Margaret Thatcher, and currently serves as Lead Panelist for The Mangru Report. You can view all of his commentaries by CLICKING HERE NOW.

Dr. Larry Kotlikoff Interview with Dan Mangru – The Mangru Report on Fox Business October 9, 2010

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As the debate goes on as to whether the U.S. banking system is stable and secure, Boston University Professor of Economics Dr. Larry Kotiikoff is proposing new solutions to change the way that we bank in his new book, “Jimmy Stewart is Dead”.  Watch Kotlikoff and Dan Mangru discuss limited purpose banking, how it can be implemented in our current system, how the government is exacerbating the problem, and how much money we really owe in debt and obligations.

Links:
Worried About Your Wealth? – Read This TODAY

New Poll: Was George W. Bush a better President than Barack  Obama? – CLICK HERE TO VOTE

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War On Your Dollar – Bernanke’s September Surprise – The Mangru Report on Fox Business – Episode 20 October 7, 2010

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Federal Reserve Chairman Ben Bernanke recently announced that the recovery was not as strong as originally thought, the U.S. did not have enough inflation, and that the Fed would increase it’s debt purchases & inject more money into the system.

Watch Dan Mangru, John Browne (Euro-Pacific Capital), Anthony Pulieri (United Bullion Group), and Michael Solomon (Author, Where Did My America Go?) discuss how the dollar is being devalued, how Bernanke has created the perfect storm for gold, why China is not buying U.S. debt, and whether there is too much hype and excitement in the gold market.

Links:
Worried About Your Wealth? – Read This TODAY

New Poll: Is the Tea Party Legitimate? – CLICK HERE TO VOTE

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Lou Pritchett Interview with Dan Mangru – The Mangru Report on Fox Business – Episode 20 October 6, 2010

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Retired Corporate Executive Lou Pritchett set off a national firestorm with his eloquent “You Scare Me” open letter to President Barack Obama.  Since he wrote it millions of Americans have passed it along online and it has made Lou a Tea Party favorite. 

As one of the pioneers of partnering and a major business partner of Sam Walton of Wal-Mart, Lou Pritchett discusses why it’s important to have business experience in government.  Pritchett also tells Dan Mangru what he would have done if he were president to General Motors, how America can use it’s intellectual resources to be better, how to operate a small business in a recession, small business outsourcing, and whether the Tea Party should just “amuse” President Obama. 

Also vote on our poll of the day on the Tea Party.

Freedom Fest Panel – Alternative Investing – The Mangru Report on Fox Business September 24, 2010

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Watch extended coverage from Freedom Fest 2010 with Dan Mangru moderating a special panel on Alternative Investing.  While so many investors are confused as to what that actually is, for the purposes of this panel alternative investing is any type of investment outside of stocks, bonds, options and mutual funds.

The panel features David McAlvany of McAlvany Wealth Management, Van Simmons of David Hall Rare Coins, Jack T. Reed author of How to Protect Your Life Savings, and Terry Coxon of Passport IRA.  They will provide key insights on topics such as gold investing, the currencies most likely to beat the U.S. dollar and why the U.S. dollar might be good to hold in the short run, whether investors should pay down debt as opposed to making new investments, how to buy real estate during hyperinflation, and the importance of liquidity.

Bert Dohmen Freedom Fest 2010 Interview – The Mangru Report on Fox Business September 22, 2010

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After a long wait, it’s finally here online, Bert Dohmen’s exclusive interview with Dan Mangru from Freedom Fest 2010 in Las Vegas.  In this interview, Dohmen discusses the prospects of a V-shaped recovery or whether the United States is headed for what George Soros calls “Act II of the Crisis”.  He also shares his views on the financial reform bill, a Chinese bubble, and whether the U.S. can save China if it goes under.  Bert Dohmen is the founder of the Dohmen Capital Research Institute and the author of the award winning Wellington Letter.

Don King 9/11 Interview with Dan Mangru – The Mangru Report on Fox Business September 14, 2010

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While you may know him as the man behind boxing biggest champions such as Muhammad Ali, Mike Tyson, and Evander Holyfield, Don King is more than just boxing.  For instance, Don King is an Ambassador of the State of Israel appointed by Shimon Peres.  That’s just one of the things that you’ll find out in this video.

In this exclusive interview with Dan Mangru, Boxing Promoter Don King tells how 9/11 has personally impacted him, and how he helped New York by organizing the first event in New York after September 11.  King shares how he was moved to donate a new fire truck to New York City and the Fire Department (FDNY), and why he and Felix “Tito” Trinidad went to feed the firefighters, policiemen, and volunteers working in Ground Zero.

Don King discusses with Mangru why America is the greatest nation of the world, why we should not take freedom for granted, why it’s important to understand other cultures, lessons to be learned from 9/11, and how we can have peace in the Middle East.

Former New York Governor George Pataki 9/11 Interview with Dan Mangru – The Mangru Report – Episode 17 September 13, 2010

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Watch Dan Mangru interview former New York Governor George Pataki about the relevancy of 9/11 today discussing the state of islamic terrorism including the Times Square and Christmas bombers.  Pataki then recounts where he was when he first learned of the attacks and how he responded to them.  In addition, Pataki states his position on the Ground Zero mosque and why America should be careful not be anti-islam.  Also he shares what has happened in New York since 9/11, why Ground Zero still has not been built yet, the current status of the 1776 ft. tall Freedom Tower, and why Americans should be proud.

Also to find out more about the victims of 9/11 CLICK HERE NOW  to visit Legacy.com’s 9/11 Tribute.

Al Zucaro 9/11 Interview with Dan Mangru – The Mangru Report on Fox Business September 12, 2010

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Watch Dan Mangru speak with Al Zucaro of The World Trade Center Association and World Trade Center Palm Beach. Zucaro will discuss the business vision behind the Twin Towers as originally designed by former New York Governor David Rockefeller & Chase Manhattan Bank Chairman David Rockefeller, and how it became the center of a global trade organization under the leadership of Guy Tozzoli and revitalized New York City.  Zucaro also tells us the status of doing business abroad and  how the World Trade Center Association has still kept global trade strong with now over 300 World Trade Centers across the globe.  In addition, Zucaro addresses the safety of the Freedom Tower, and plans to rebuild New York City.