Appearing during the first three hours, Chief Investment Officer of Nine Points Capital Partners Damon Vickers discussed how the New World Order and globalization is inevitable and has a tremendous upside, but the increase in surveillance and database technology is posing a threat to personal freedom. He also shared investment strategies and tips. The economy has recently brightened with increased consumer spending, and real estate becoming more active, he commented. Additionally, we're moving toward a cashless society-- it's really more about electronic transactions now, and banks typically don't even keep much cash on hand, he reported.
If the idea of the New World Order is to "create a global police state where we wrench out every bit of happiness and freedom a person might have," and regulate every little last thing in society, "that's not the kind of the New World Order I want to see," Vickers declared. Instead, he suggested that change begins on an individual level and spreads outward, and if government becomes too aggressive in their control, the people will revolt. The New World Order can be fueled by the power of the people, and governments are increasingly becoming irrelevant, he continued. Yet, the move toward video surveillance of the populace, smart phone tracking, body scans at the airport, and increased data mining are alarming trends taking place, he noted.
When it comes to growth investing, you need to be investing capital in the path of social change-- "change drives sales and earnings growth of the companies we invest in," said Vickers. Among the enterprises that he's bullish on (though not all are publicly traded stocks) are clothing companies like Lululemon, and Carhartt, food chains such as In & Out Burger, Jimmy John's, Panera, Chipolte, Papa Murphy's, & Red Mango, and the company Nuance which was behind the Siri technology used in the new iPhone.
The last hour of the show featured Open Lines.
Bumper music from Wednesday April 11, 2012