This article was contributed by Portfolio Wealth Global.

By now, it’s clear that the world is aware of the changing dynamics in growth prospects for the global economy. After twelve years (2009-2021), where the world’s largest economy was growing very slowly, the millennials and Gen Z demographics are now generating organic growth in the economy. Lowering rates artificially isn’t needed anymore to overcome the demographics cliff.

These age groups, now comprising over one-third of the country’s inhabitants, are searching for better jobs, newer homes, a wife/husband, having children, and moving into adulthood.

They’re going to be responsible for generating higher income tax receipts, servicing the interest payments on the national debt, creating real jobs and incorporating new businesses, and shaping the future of America.

TECH WRECK: THE TRUTH

1. Dominance: Despite calls for the end of the tech sector, as the leading one, before all others, we don’t think that big tech is going to struggle or languish.

We do think emerging tech (the hype bubble that was rampant and prevalent for years) is over!

Investors are waking up to the fact that real growth is happening, so there’s no need to grasp for straws and pay earnings multiples that make no real-world sense for the few businesses that are “going to change the world.”

2. Interest Rates: Don’t kid yourself that something like the 1970s is coming.

Rates might continue to go up, but nothing like what the inflationists keep harping on.

As opposed to that period, when America was the creditor for the rest of the world, today it’s the empire of debt. Any rise in Treasury yields is a severe drag on Washington’s ability to balance the books.

The CBO (Congressional Budget Office) calculated a record-breaking $9.7tn to the deficit until 2030, if rates just creep up by 1.00%.

The bonds bull market, which began in 1982 and lasted nearly 40 years, is over.

Courtesy: Zerohedge.com

I’ve been active this past week, adding to existing positions, entering new ones, and planning my entrance into a number of core positions!

The first part of the “buy low, sell higher” sentence mandates, by definition, that one acts when the panic spreads.

PORTFOLIO UPDATES: MARCH 2021

A. Adding cash – I literally built a cash position, equivalent to 30% of the overall portfolio.

In two to three years, you’ll look back at March 2021 and ask yourself why you didn’t buy more.

B. Solar Energy – My two favorite companies, SolarEdge (SEDG) and Enphase (ENPH) have finally come down a lot.

They’ve been on our Watch Lists for years and I’ve been buying.

C. Expensive Tech – I want to take advantage of the balloon deflating and enter into positions, which were so illogically priced thus far that it made no sense.

Therefore, in accordance with our Watch Lists, I entered into positions in BigEcommerce (BIGC), Collective Growth (CGRO), Corsair Gaming (CRSR) and Protalix (PLX).

Each holding represents 1% to 1.5% of the portfolio.

D. Major New Positions – In the next four weeks, we will be revealing two of the highest-conviction speculative holdings in our company’s history.

In order to sell higher, one is forced, by mandate, to buy cheap.

Remember this is the Bible of real investors.

With gold, the bottom is probably within reach. The panic that tightening is coming has been fully discussed by the FED; it’s not planned!

Social media site Gab is blaming the ruling class “oligarchy tyrants” of trying to shut them down after the site was hacked and Gab refused to pay the ransom.  Gab knows that the ruling class masters are keeping normal people in slavery.

The social media site said the United States is “under occupation” after being forced offline when they refused to pay a ransom in bitcoin to a hacker who had pilfered gigabytes of user data through an exploit.

Now we are being ransomed and threatened by criminal hackers. The media cheers them on and supports their efforts.

This is the United States of America: a totally subverted nation under the occupation of a handful of oligarch tyrants who use their power to destroy dissenters.

— Gab.com (@getongab) March 8, 2021

People are waking up in droves. This is just one more sign that the rulers know their time is limited.  “We took the site down to investigate a security breach,” Gab announced on Monday afternoon via their Twitter account. Users trying to log into Gab were greeted with an “internal error” message and told to try again.

“Banks are banning us. Hackers are attacking us. Journalists are libeling us. Why?” Gab tweeted, calling the U.S. “a totally subverted nation under the occupation of a handful of oligarch tyrants who use their power to destroy dissenters.” Any slaves who step out of line and no longer want to be slaves will be targets. We are not supposed to stand up to the master and his enforcers. 

But we are doing it anyway, peacefully.  And that just means something else could be coming. Rulers and masters don’t give up their power so easily.

More COIVD-19 Vax Deaths: Think They’ll Blame This On COVID-21?

Gab went offline after several verified accounts on the social media platform displayed a ransom note signed “cApTaIn JaXpArO,” claiming credit for the hack and accusing CEO Andrew Torba of lying to his “despicable users” and not caring about their privacy.

The hacker, whose name is a reference to Captain Jack Sparrow of Disney’s Pirates of the Caribbean’ franchise, claimed that last week’s hack “fully compromised” Gab, including 35 million public and three million private posts, 50,000 emails, 7,000 passwords.

More importantly, they claimed to have obtained 831 verification documents – “which the ransom was about” – but Gab refused to pay eight bitcoin for them. -RT

Gab was founded in 2016 as a free-speech alternative to Twitter, and has been criticized from the start over Torba’s refusal to police what mainstream media called “hate speech.”

If we have learned anything in the past year, it’s that those who desire power over others will never give that power up willingly or easily. As more people figure out what’s happening and that they have been slaves to the government for their entire lives, those politicians lose power.  When they lose power, they could try almost anything to regain it.  So please stay alert and make sure you are as prepared for anything as you can be.

When the government prepares to protect itself against those it rules over, we know they know we’ve figured it out.  The good news is that means none of us have to be enslaved to them anymore.  The bad news is that they won’t give up power willingly and we should expect them to try to pull off anything.

We touched on this topic before, and it sure appears that members of the military have chosen to defend the master against us. Of course, why would they choose to protect us when the government pays them in fiat?

David Icke To LEOs & Military: “Look Your Children In The Eye” & Tell Them YOU Enforced Tyranny

General Recommends “Quick Reaction Troops” In DC To Protect The Ruling Class From The Slaves

Commissioned by House Speaker Nancy Pelosi following the Capitol riot and published on Monday, the security review pointed to major shortfalls at the complex and the surrounding National Capital Region, including issues with police staffing, training, planning, and equipment. The review also found the facility itself could be improved with a permanent “mobile fencing option” to replace the temporary metal barrier currently ringing the Capitol, according to a report by RT. 

“As the [temporary] fencing comes down, we recommend it be replaced with a mobile fencing option that is easily erected and deconstructed and an integrated, retractable fencing system in the long term,” the report said, adding that “Such a solution could enable an open campus while giving security forces better options to protect the complex and its members should a threat develop.”

Conducted over six weeks by a 16-member team led by retired Lieutenant General Russel Honore, the review also found that the Capitol police were “understaffed, insufficiently equipped and inadequately trained” during the riot, suggesting the force add some 854 new staff to remedy “personnel shortfalls.” The new hires would fill gaps for regular officers, intelligence specialists, operational planners, supervisors and trainers, among other roles.

Pointing to a “slow and cumbersome” decision-making process for the Capitol police leadership, Honore’s team recommended the creation of a “quick reaction force” within the DC National Guard or a federal agency, which could be rapidly activated in the event of a crisis. Along the same lines, it also proposed a new “emergency authority” for the DC National Guard commander to deploy forces without authorization during “extraordinary” circumstances. –RT

This just proves how terrified they actually have become.  They know that we are figuring it all out and they are panicking. It’s nice to see the fear on the side of the masters for once as the slaves wake up. But, please still stay vigilant and aware.  Anything can happen. Those who think they have the right to own other humans or those humans’ means of production will not just give up and leave. They will fight to hold onto their power and it will continue to get crazier as more of us wake up.

This article was originally published by Ryan McMaken at The Mises Institute. 

In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000.

That might sound great to some, but a closer look suggests job growth is quite a bit more sedate than the media narrative suggests. Moreover, a look at the job growth situation in recent months is a helpful reminder that the “V-shaped recovery” we were promised last spring never happened.

Some may remember all that talk about a V-shaped recovery last year. That was back when we were being assured that “two weeks”—or maybe two months—to “slow the spread” of covid-19 would pay countless dividends because then lockdowns and forced business closures would somehow miraculously “beat back” the disease and then employment and the economy would come roaring back, the Fed could end its stimulus programs, and everything would be fine.

Back in June, CNBC announced “The recovery from the coronavirus sure looks V-shaped” and pointed to record job growth coming out of the initial collapse in employment that occurred in March and April.

But then the good news basically stopped, at least as far as employment was concerned.

For example, while February’s month-over-month job growth might look impressive, the US remains a long, long way from where total employment was this time last year. In February of last year, before the effects of lockdowns were beginning to be felt, total employment topped 152 million in the US. After this February’s “surge” in employment, total employment was at 143 million, or still down 9 million. In other words, total employment is still where it was back in 2015.

Yes, the US has regained 13 million jobs since the bottom of the crisis back in April 2020. But as we can see in the first graph, total employment has gone sideways since last November and is only up by 200,000 over the past four months. That’s not exactly a “surge” of anything. And it’s definitely not anything resembling a “V-shaped” recovery. It looks more like a very week version of a “check mark-shaped recovery” that some predicted last year. Except the tail end of this checkmark has so far been nearly flat.

And then there is the unemployment insurance totals. New unemployment insurance claims have hovered around between 700,000 and 800,000, every week, for the past five months. There’s no evidence of any downward trend here, and the V-shaped recovery turned into a long slog past the initial anemic “recovery” that took place last summer.

Continuing unemployment claims are slowly lessening, however. Since the beginning of the calendar year, continuing claims have fallen from 5.1 million to 4.2 million.

In both cases, totals remain well within recessionary territory. Back during the Great Recession, for example, continuing claims peaked at 6.6 million. Claims totaled about 1.7 million in 2020 before the recession began.

Unemployment has also remained stubbornly high among those making claims under the Pandemic Unemployment Assistance program. In early January, total continuing claims under the PUA was at 8.3 million, continuing a long slow trend downward. By early March, continuing claims had only fallen to 7.3 million.

That’s progress, but combined with regular unemployment insurance, it means there are still more than ten million Americans receiving some form of unemployment insurance, which hardly suggests a robust recovery.

The unemployment rate remains troublingly high as well. The headline unemployment rate for February was reported as falling to 6.2 percent. That’s certainly an improvement from April 2020’s peak rate of 14.8 percent.

But as is so often the case, the headline rate masks a more complex reality surrounding the unemployment rate.

Although the official rate is 6.2 percent, the Washington Post’s Heather Long notes that the Minnesota Fed’s Neel Kashkari admitted “the true unemployment rate is around 9.5%”

Why the gap? It is a result of several factors, including falling response rates to the Labor Department’s employment surveys, the fact many have simply stopped looking for work, and ambiguities in the data over whether or not someone is only temporarily unemployed.

In other words, the official unemployment calculation excludes a great many people who would like to have jobs, but who gave up and stopped looking for work. Many others are only technically “temporarily” unemployed but in practice are jobless. The official data says many of these people are “on leave.”

Fed Chairman Jerome Powell has also admitted that the unemployment rate was likely close to 10 percent in January. Not surprisingly, Kashkari predicts no “liftoff” for the economy until 2022.

Taking all this together, it’s pretty clear the United States is still very much in the midst of a job recession.

Yet, CNBC tells us that the economy is “on fire” because GDP totals may surge in the upcoming first-quarter data. “Economic growth in the first quarter could hit 10%,” CNBC triumphantly proclaims, claiming the economy has “roared back” and is set to defy even the rosiest expectation. But unless something changes big time in the jobs situation, we’ll have to start looking at GDP the way we look at stock prices: something that reflects a lot of optimism and growth in some sectors of the economy but which has very little to do with the personal finances and job prospects of millions of ordinary Americans.