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What a breath of fresh air after the economic travails of the last several years, and story after sordid story about the big banks and Wall Street firms and the many problems their shoddy and unethical practices have wrought on the US and our economy. Some of the technologies presented that day included; a former Detroit engineer who has created a one wheel electric scooter, that is fun, inexpensive, and a possible alternative to cars in urban areas. You can see his invention here. http://www.youtube.com/watch?v=ojv8vIRvf6A There was also a physicist who is one of the worlds leading researchers and scientists in the area of fusion. He has invented a prototype for a relatively small cold fusion plant that promises to provide inexpensive electricity with little or no environmental impact. You can read more about their research here: http://woodruffscientific.com/wp/fusion Another company had a new technology for quickly and efficiently recycling food waste into fertilizer and natural gas which they in turn will sell for a profit. They are in the process of working with large grocery store chains and restaurants to install these plants behind their stores to take their waste and produce natural gas and organic fertilizer. You can read about their goals here: http://wiserg.com/the_problems.html Another engineer had built the worlds fastest electric motorcycle. His company had taken that technology to create a plug and play electric motor from sizes that would fit a Kia, a Porsche, or even a military tank with the hopes of retrofitting cars and vehicles with these energy saving, efficient and environmentally friendly electric drives. You can see his motorcycle here: http://motoczysz.com/ They may succeed or they may not, but this really is a lot of the hope and future of the American Economy; talented and smart people willing to take huge risks, and working for the promise not only of increasing their own wealth, but the satisfaction of improving the world in the process.
My 63 son with Olympic Gold Medalist Matt Grevers I came away from the Trials with several observations that left me optimistic and hopeful for the future.
Hes smiling because he got to meet world record holder Rebecca Soni
My sons friend who swam at the Trials has dreamed of competing in the Olympics since she was a young girl. At age 12 she set these goals, and over the ensuing years, has swam countless millions of yards, endured long grueling practices 8 or more times per week, many at 5:00 AM, and sacrificed many normal activities in pursuit of her goals. As a result of her diligence, she was a high school All American and state champion, earned a scholarship to a major Division 1 University, and qualified for a chance to compete for a spot on the US Olympic Team. Every athlete at the Trials has a similar life story it takes focus, passion and vision to reach those lofty levels. As a spectator you could feel their energy, and passion, and sense the effort that had been focused into this. It was encouraging, inspiring and uplifting to be in that environment. Our country is in a financial mess, and much of Europe even worse, mostly because of debt. Although the problems are immense and grave, they could be solved. I suspect that diligence, intensity, perseverance and quite a bit of sacrifice will be required to clean up our debts. Hopefully our leaders will take note. As those Olympic athletes showed us in Omaha much is possible with focus, passion and vision. Hope that you enjoyed a blessed Independence Day!
PS: We are adding something new to our periodic client letters. Recent economic and market trends have been driven largely by US monetary and debt policy and the strength or weakness of the USD. Potential adverse outcomes include inflation (increasing asset and commodity prices) or the polar opposite, deflation (decreasing asset and commodity prices.) Pasted below are some current charts showing the growth of money in the US, the price (strength) of the USD and year to date price changes for many of the major commodities and basics of our everyday life that we can watch to help us spot inflation or deflation.
PPS: We have been repeatedly asked by clients if they could share these e-mail notes with their friends or neighbors. Please feel free to forward this with the stipulation that it may only be forwarded if done so in its entirety with no portions omitted. We would be delighted to share our comments and opinions
Gevers Wealth Management, LLC I-90 LakePlace Center 1605 NW Sammamish Road, Suite 250 Issaquah, WA 98027 Office: 425.657.2238 Fax: 425.657.2138 E-mail: wgevers@geverswealth.com
The views are those of William Gevers, Gevers Wealth Management, LLC, and should not be construed as individual investment advice. All information is believed to be from reliable sources; however, no representation is made as to its completeness or accuracy. All economic and performance information is historical and not indicative of future results. Investors can not invest directly in an index. Please consult your financial advisor for more information.
Securities and advisory services offered through Financial Network Investment Corporation, Member SIPC. Gevers Wealth Management and Financial Network are not affiliated.
http://research.stlouisfed.org/fred2/graph/?s%5B1%5D%5Bid%5D=AMBNS#
(http://data.cnbc.com/quotes/.DXY/tab/2)
(http://www.finviz.com/futures_performance.ashx?v=17)