Business decisions today have to be made with the expectation that a failed US President has created a world in the worse state of chaos since World War II and thus in any 12 month period there is a significant probability of a catastrophic world event that will negatively affect the global economy.

Ireland Leads the Way

In the European Union (EU) there is one country that stands out in stark contrast to all of the other members. That country is Ireland. While the rest of the EU suffers, Ireland’s economy is absolutely thriving.

Several years ago, because of the severe economic crisis in their country, the Irish government cut taxes and decreased government regulation. Remember Ronald Reagan and Margaret Thatcher? They set the economic stage for twenty years with similar policies.

Predictably, the response in Ireland has been an economy that is growing in a manner best described as “blowing the doors off”.

Across the Channel you see Great Britain and the rest of the EU that are struggling along with the rest of the world. Only idiots think that bigger government, higher taxes and increased regulation equal economic growth.

Here in America we have been following government policies designed to keep us in a state of perpetual recession. Our leaders seem to be more concerned with their power than they are with helping people thrive.

Pay no attention to the talking heads forecasting economic doom for Great Britain. Reagan, Thatcher, and Ireland all show that the Brexit vote is not going to cause Great Britain economic distress except perhaps in some short-term manner as the exit is negotiated. Brexit will cause Great Britain’s economy to explode.

Here in America, the election in November will determine our economy. Four more years of economic stagnation or an economic revival. Both alternatives will impact the land market.

In these uncertain times, it is critical to remember that land is the source of all wealth. Every product that we humans consume originates with land. Not all tracts of land are equal in quality and portfolio management requires every investor to hold some cash for liquidity. But historically, long term land is the best investment.

Are you ready?