INSIDE THIS ISSUE
I n our November issue, we’re looking deeper into the idea we introduced last month – a “Debt Jubilee.” Editor in Chief P.J. O’Rourke is looking back... way back... at the origins of the “Jubilee.” It may not be a worthwhile action (for many, it’s terrifying), but the moral reasoning that underlies it may be a good basis for thought . There are some people who like to save, pay down debt, and re-invest wisely... Unfortunately, I was not one of them. Turney Duff " Then, bestselling author Turney Duff shows that even on Wall Street, everyone likes spending more than paying down debt. (One guy put a mini Fenway park in his backyard.) Retirement expert Dr. David Eifrig shares three ways that anyone can use to deal with credit-card debt. The founder of Visual Capitalist created a fantastic infographic on global debt – one guess who leads the world as “biggest debtor.” And economist and former hedge fund director Todd Buchholz shares why the U.S. should issue longer-duration debt... and soon... to keep deficits from blowing up when yields jump back to normal levels.
Justin Spittler interviews legendary speculator Doug Casey on whether Puerto Rico might be the first “test case” of sorts for an American Jubilee. Investigative reporter Peter Byrne follows up last month’s profile on Kamala Harris... this time looking at whether her chief of staff cashed out some $37,000 more than he should have... and if he worked on Harris’ campaign while getting paid by the California Department of Justice to do his job. Then P.J. weighs in on the only thing better than debt-free... what if everything was free? And we’ve rounded up seven experts... including Jim Rogers , David Tice , and Raoul Pal. .. to get their thoughts on how to protect yourself and your assets in a Jubilee. And P.J. wonders... if a Jubilee is going to take place, what other kind of promises can we expect from politicians in the 2020 election? National radio host and former CIA analyst Buck Sexton shares why “social justice warriors” love economic crisis... Alex Mayyasi has written an excellent look at how moneylending – once a sin – is now respectable... and we end with a conversation with businessman, venture investor, and Shark Tank star Kevin O’Leary . Enjoy the issue... And tell us what you think at feedback@americanconsequences.com . Regards, Steven Longenecker Managing Editor, American Consequences
4 | November 2017
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