Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Why I’m Grateful to Live in America

Politics / Social Issues Jul 08, 2014 - 06:32 AM GMT

By: Frank_Holmes

Politics

An important principle of our investment process at U.S. Global Investors is a belief that government policies are a precursor to change. As a result, we closely monitor the fiscal, monetary and other impactful governmental policies of the world’s largest countries, both in terms of economic stature and population. We’re always listening for the proverbial shot heard around the world. As we celebrated America’s Independence Day over the weekend, this belief rings especially true.


In 1776 it was America’s reaction to oppressive government policy that led to the Declaration of Independence, unbinding the 13 colonies from England’s constraint and permitting them to prosper as their own entity, what would become the United States of America.

Today, it’s undeniable that some government policies are controversial, whether it’s America’s involvement in the Middle East or changes in health care policy. Despite widely differing personal views, I believe the people of this country can agree upon one thing: the fledgling government’s policies supporting democracy, life, liberty and the pursuit of happiness crafted over 200 years ago led America to where it is today. A world leader. A global success story based on equal opportunity, upward mobility and freedom to change. An economic powerhouse. A promoter of education and entrepreneurship. A protector of freedom for its people and others oppressed outside its borders.

America is an economic leader. The United States remains the world leader in GDP, followed closely by China. Energy is the latest example of American innovation spurring this economic growth. Over the last several years, a revolution in the oil industry has taken over in the U.S. We could be looking forward to decades of drilling as we watch the energy sector continue to accelerate, so far creating thousands of jobs for Americans and increasing tax revenues for their communities to reinvest in education and infrastructure.

Nobody predicted the gigantic growth in the energy sector would come out of the United States, but as you can see below, crude oil production has reached a 25-year high in America.

It was American ingenuity, the thinkers and the doers, who worked towards the technology that made this possible. It was the determined minds who knew hydraulic fracturing would push this business forward. Freedom fuels creativity, risk taking and entrepreneurship. This is important to an evolving economy.

America is a thought leader. Government-supported and free public schools for all were established after the American Revolution and by the 1930s, 100 percent of children attended school.  Today the U.S. has a reading literacy rate of 99 percent of the population over age 15. Though any parent will tell you our schools could do better, and vast discrepancies in quality exist, universal education is a fundamental right in America.

An alarming number of countries still do not allow women the basic right to an education, something we take for granted. Some 60 percent of the 10 million children not in schools throughout developing nations, for example, are girls. Public education in this country has long been a springboard to success.

Did you know that the United States is home to the largest percentage of top universities in the world? The 2013-2014 Times Higher Education World Rankings show that out of the top 10 universities in the world, seven are in the United States. Many of the business and political leaders I’ve met from around the world choose to send their sons and daughters to study in America. Not only is education an important piece of our nation’s framework, so is the push for innovation and competition. Take a look at the IMD World Competitiveness Scoreboard for 2014: the United States comes in at number one. The rankings are based on how an economy manages the totality of its resources and competencies to increase the prosperity of its population, according to the IMD website.

America is a benevolence leader. A portion of the United States’ budget is allocated to provide foreign aid across the world for humanitarian needs following war-related or natural disasters. Whether or not you believe in this portion of government spending, the United States continues to be a helping hand to weaker countries during times of crisis.

The U.S. also ranks first in the  2013 World Giving Index, conducted by the Charities Aid Foundation (CAF), to study giving trends and charitable growth around the world. According to the CAF’s report, proportionally more Americans gave in some way than in any other country.

America is home to hundreds of charitable organizations, one of the most notable being the American Red Cross.  According to its website, the American Red Cross is dedicated to preventing and alleviating human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors.

America is a liberty leader.  In 2013, Gallup asked people from 154 countries if they would like to migrate, and if so, where would they want to go? The United States was by far the most popular choice. Gallup estimates that around 140 million people would relocate here, if they could. The United Kingdom was the second-most popular, with 42 million people.

Why do America’s shores continue to beckon? One reason could be the opportunity to prosper in the United States. The U.S. is a country that stands for balance of power and rule of law, where political leaders are fairly elected.  Political power is not ordained by birthright, taken by force or elected by farce.  In America, everyone has an equal and fair chance. A chance to become wealthy, a chance to become educated, and a chance to worship who or what you want. The United States encourages and celebrates individual achievement, but is also a melting pot of cultures and ideas, where citizens feel a sense of belonging and communal pride to be Americans.

Although there is a lot to improve upon, these are just a few of the positive reflections I see in this country – things we must not take for granted, but instead continue expressing gratitude for. In order to keep up with our global competition and in order to keep the individual American dream alive, we must continue to strive ahead and push for smart government policies that support initiative and independence.

Being a Tex-Can, born in Canada and now living in Texas, I’m privileged to celebrate both Canada Day and America’s Independence Day. I have been traveling recently with President Clinton and Canadian philanthropist Frank Giustra in Haiti and Colombia to help support the efforts of the Clinton Giustra Enterprise Partnership.

This group provides thousands of youth in communities around Cartagena, Colombia, new employment and education opportunities as well as training scholarships and job internships. I also met with Colombian President Juan Manuel Santos during our visit. This is a wonderful organization and a perfect example of how great leadership and ingenuity can spread far and wide, no matter the country you are from.

Want to receive more commentaries like this one? Sign up to receive email updates from Frank Holmes and the rest of the U.S. Global Investors team, follow us on Twitter or like us on Facebook.

By Frank Holmes
CEO and Chief Investment Officer
U.S. Global Investors

U.S. Global Investors, Inc. is an investment management firm specializing in gold, natural resources, emerging markets and global infrastructure opportunities around the world. The company, headquartered in San Antonio, Texas, manages 13 no-load mutual funds in the U.S. Global Investors fund family, as well as funds for international clients.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal dollar weighted index of companies involved in gold mining. The HUI Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar.

Frank Holmes Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in