According to USdebtclock.org, the United States currently has $28,521,118,904,217 being accounted for in our national debt. I have a tough time reading a number that is so fantastically large, but I believe that is 28.5 trillion dollars. As Donald Trump won his election in 2016, that number was just over $18 trillion. Being that August 8 just happens to be National Dollar Day, I wanted to address some concerns that I have been hearing a lot of recently regarding our pending doom, and the eventual decline of the dollar.
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Going into the pandemic in March 2020, many investors (rightfully) questioned whether our national economy would be able to recover. As humans, we are designed with a fight or flight instinct that has preserved our species for thousands of years of recorded history. When it comes to investing, resisting this natural survival instinct is paramount to being successful over the long term.
As I write this, we are just a few days from the inauguration of President Biden and ushering forth the Biden-Harris administration. To say that the past two months have been interesting, politically, would be an understatement.
When an event occurs that no one could have predicted nor saw coming that ends up having a significantly negative effect on the stock market, it is often referred to as a “Black Swan Event.” Such events almost always cause massive damage and leave the average investor in a state of fear and panic. 
The year 2020 is coming to an end – a year of forced change, unwanted adjustments and re-learning many different aspects of our lives. Americans know how to work hard and we also know how to play hard. In fact, one of the most difficult aspects of the global pandemic has been our inability to do whatever we can afford to do, whenever we want to do it.
As I write this in mid-October, I am very hopeful that we have had a successful election, and that a peaceful transition of power has been able to take place in Washington. Unfortunately, I put those odds at a slightly less than 50% chance. The results of the election have permeated the thought processes and have been a motivating source of frustration for many investors throughout the second half of 2020. I am writing this article to encourage you – that the markets, although volatile, can handle whomever is elected President of the United States.
Although over 36 million people lost their jobs due to the forced shutdown of America during the COVID-19 crisis, I believe that approximately a third of those jobs have come back. Please don’t listen to politicians who say that we are in the greatest job creation period of our lifetimes – that statement is quite laughable. At best, we are in the greatest job recovery period. The truth of the matter is that we are in a time of complete and utter chaos and fear-mongering.