“People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.”
— Ayn Rand
“I love the Sessions and eagerly await the next installment,” says reader Eric V.
So far, so good; then he continues:
But I don’t think I will be tuning in to hear James Altucher pontificate. The trucker protests in Canada were “outrageous”? Were the two years of lockdowns, economic destruction, suicides, drug addictions, forcing death jabs into citizens’ arms, permanently harming children with death jabs and masks outrageous as well, James? The protests were the rebound effect of people who had been deprived of literally everything for two years by a tyrannical, communist government hell-bent on societal destruction.
Eric concludes, “I’ll pass on this Session. I trust your next guest will be less of a useful idiot.”
Excuse us as our head goes askew. At no point did James criticize the protestors. He called the Canadian government’s response “outrageous.” To quote him again, “it’s almost inconceivable that Canada of all countries would essentially declare martial law against its own citizens.” We humbly suggest you misread his comment.
WIth that cleared up, we hope Eric will be willing to give our conversation with James a chance.
To be fair, some readers did take issue with James’ stance. “I don’t think you should pretend you are an expert on Canadian politics and policies,” says reader Darrell Baker. “A ‘peaceful’ protest would not have kept nearby residents awake every night with honking horns and revving truck engines. Nor would it have forced dozens of local businesses to close their doors for 3 weeks because no-one dared come downtown.”
No, we suppose impeding business — like say, crossing the border to the U.S. in carrying a truckload of goods — is the province of the government instead.
Another reader, Dwight P. argues, “there was no martial law declared in Canada. No army in the streets of our cities, no curfews and no military checkpoints.”
He goes on to say, “Maybe you need to talk to real Canadians before spouting a bunch of BS about us” and “you have let us Canadian subscribers down.”
We do, in fact, talk weekly to a friend of ours who grew up in Ottawa, and since the pandemic lockdowns began, has relocated to Mexico City. He’s equally as distraught by the mandates and trucker standoff. Alas, and again, we beseech you, don’t let all this dithering over terminology and opinions distract you from James’ main point.
Whether or not you agree with the Canadian government’s actions — or the world’s reaction to Russia’s invasion of Ukraine, for that matter — we are witnessing the weaponization of centralized money. “Do as we say, or we’ll take away your ability to buy what you need to live, care for your family, etc.”
Sure, it may sound great when that power is used against people you don’t like. But only “useful idiots” would assume they’d never become victims of the same antics.
According to James, there are currently only 76 million users on Coinbase, one of the most recognized cryptocurrency trading services. So there’s plenty of room for growth. “People are eager to get involved in it,” James tells me, “and I think you will see a lot more speculation but also a lot more long-term investing.”
You’ll get to hear our full conversation tomorrow. Eric, we invite you personally to give James an ear…
Also don’t forget to learn how to get a free copy of James’ Big Book of Crypto, here.
Follow your bliss,
Founder, The Financial Reserve