Do you know which special interest has given more money to the Obama and Clinton campaigns than any other?
If you guessed "trial lawyers" -- well, okay, that's too easy. But can you guess which special interest came in second?
Labor unions? Nope. The Green Lobby? Nope. AARP? Wrong, again. NEA? Nyet.
Give up? Okay, here's the answer: Wall Street.
That's right. According to CNNMoney.com, Wall Street securities and investment firms have given over $35 million to Democratic candidates this election cycle. And the amount they've given to the Clinton and Obama campaigns is nearly five times the amount they've given to McCain.
If you've been wondering why the financial industry has been in meltdown -- and taking your
401(k) or investment portfolio down with it -- now you know.
Let's face it: The former frat boys who populate Wall Street today understand economics about as well as the pinko professors whose courses they snored through.
That's why betting their entire industry on "subprime" loans to people with no jobs and no collateral made sense to them -- and why betting the entire U.S. economy on the likes of Hillary and Obama makes sense to them now.
These jokers don't even know what's in their own self-interest, much less yours. Trusting them with your money is like trusting Bill Clinton to babysit your underage niece.
But I know someone you can trust to manage your investments -- or rather, to help you do it yourself, without paying a nickel in commissions to some Wall Street frat boy.
His name is Dr. Mark Skousen -- that's "Dr." as in "Ph.D. in Economics and Monetary History," something you don't get by playing Beer Pong with your frat buddies. For the past 28 years, subscribers to his investment newsletter, Forecasts & Strategies, have profited enormously from his uncanny ability to predict major market trends before they happen -- often while the Wall Street establishment is pointing investors the other way. For instance:
In the early '80s, Dr. Skousen predicted that "Reaganomics will work" and said "a long decade of profits is coming."
He issued a "sell everything" recommendation just 41 days before the stock market crash of 1987. Then he told investors to get fully invested again several weeks later, just in time for the recovery.
He called the Gulf War of 1990 "a turning point for U.S. stocks." The Dow subsequently began a bull market that didn't end for nearly ten years.
He told subscribers in 1995 that the NASDAQ would double, and then double again. That's exactly what it did.
Just weeks before the NASDAQ collapsed in 2000, he warned subscribers that tech stocks were dangerously overvalued.
In 2007, he warned subscribers about the coming dollar crisis -- and showed them how to protect themselves.
Personally, Dr. Skousen had me at "Reaganomics will work." But it's nice to
see -- and nicer still for his legions of loyal Forecasts & Strategies subscribers -- that he's continued to call things right ever since.
What's his secret? Well, if I knew, I'd be an investment advisor myself. But I think it begins with grasping the real laws of economics -- not the warmed-over Marxism that today's Wall Street frat boys imbibed with their warmed-over beer on the morning of their Econ 101 finals.
The "bottom line," as they say? Don't let Democrats run the country. And don't let Wall Street frat boys manage your investments. Do it yourself, with the genuinely expert guidance of freedom-loving economist Mark Skousen in Forecasts & Strategies.