Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

Big Government and Globalism: Small Town America in Despair

By

By FussSergei @ Shutterstock.com

Small-towns are the casualties of globalism. Industries have been shuttered. Big government, meaning both sides of the aisle, have failed America. Just take a look around on your next road trip.

Glenn Hubbard, dean of Columbia Business School, explains in the WSJ’s Weekend Interview why he had students visit a failed middle America town:  “I wanted the students to go to a place that had experienced industrial decline,” he says. “And they came back with a clear sense that there’s no silver bullet to our problems, but that people there had real points—that a lot of what you read about their lives is true.” There are, he continues, “real economic concerns in the heartland, but also concerns about dignity that neither party had addressed.”

Today, when my family drives to New Hampshire we pass through small town after small town that has been left behind. Small towns cannot compete with globalism. And now thanks to the synthetic opioid fentanyl and free flowing heroin, they have become drug havens.

“While Appalachia and the Northeast have been hardest hit by the new opioids, the upper Midwest is also reeling. On the other side of a bridge from Superior, in northern Minnesota, police working for a tri-county task force have intercepted 64.5 grams of fentanyl so far in the third quarter, enough of the deadly narcotic to kill 32,000 people, up from 12 grams in the second quarter,” reports Jeanne Whalen at the WSJ. “Officials in and around Fargo, N.D., are grappling with a rash of fentanyl-related overdoses this year, including among high-school students who were snorting the drug through nasal-spray bottles.”

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com