I give frequent speeches around the country on the national debt and its impact on our national security. Afterwards, I am often asked, what do we do about it?
My answer is to stop spending money we don't have and grow the economy so we can collect more tax revenue from increased commerce.
The inevitable question after that is, how do we grow the economy? I say get the government out of the way and watch what happens.
I have a prediction. With all of the stress in Washington, we are witnessing the beginning of the end of government overreach in the United States. Americans are beginning to relearn the disastrous consequences of central planning.
So how can an investor benefit from this early trend?
One word — energy! We are sitting on approximately 1.4 trillion barrels of oil and even more natural gas.
Did you know that the average family in poverty in this country spends 60 percent of its income on energy? What if we could provide cheap, plentiful and secure fuel and electricity to the entire United States? What if we could half that family's energy bill? Talk about an economic stimulus package!
As the nature of our government changes over the next few election cycles, the harvesting of this staggering resource could be allowed to take place in a safe and efficient manner. This is the way out of our economic doldrums. Investors should look forward and find industries that are energy intensive and that will benefit from this energy awakening.
The central planners behind the green curtain will be swept away to the dustbin of history along with the Soviet Union and others, and our economy will skyrocket. I look forward to another American century!
Todd Wood is a graduate of the U.S. Air Force Academy. He has been an aeronautical engineer and a special operations helicopter pilot for the USAF flying counterterrorism missions globally. After a long career on Wall Street, he left a seat on an emerging market debt capital markets desk to write. His first thriller novel, Currency, was published in late 2011 and deals with the national security consequences of our sovereign debt. His follow-on novels deal with issues that are material to our nation's future.
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