I have had the good fortune to travel to more than 40 countries in the last ten years.  I love to experience other cultures, to meet people and to learn about the history of different parts of the world.  I believe that if you are living in the United States today, you are quite fortunate indeed.

America is in the midst of a “golden age” of economic prosperity.  The recession will continue to cause pain.  But it will pass.  America has a giant, integrated, industrialized economy that makes up over a quarter of the world economy with only 5% of the population.  It’s not perfect, by any means, but if you look back at history, you’ll find that America has been the closest thing to an ideal society.  Americans live in a near utopian society as they are free to accomplish whatever they desire with a little hard work and determination.  Even America’s poor live a much better life than the majority of the world’s inhabitants.

In a moment, I will reveal an “All-American” investment recommendation that could pay you a steady income and appreciate greatly in the decades to come, but first I want to explain why I believe America is truly in a “golden age”.

Our “golden age” of economic growth has been made possible due to a strong middle class and rising long-term GDP and productivity.  It began right after World War II.  The U.S. was victorious over the Nazis and other axis powers and Europe was in shambles.  America’s infrastructure was undamaged.  And her industrial production complex was just getting fired up.  This fostered an unprecedented period of economic expansion.  America was blessed with stable prices, low unemployment, and a rising standard of living that continues to this day.

No one contests that America holds military supremacy.  America is so far ahead in many areas of military technology that her advantage is immense, too great to be lost for many years to come.  And America’s long-expanding economy has permitted hefty defense spending without a decline in the standard of living.

America has a large integrated economy that is diversified and advanced.  The nation has a relatively uncorrupt and helpful legal and political system.  The U.S. has vast areas of extremely productive farmlands and immense natural resources like timber, coal, oil and natural gas.

America’s greatest asset is its people, which have a strong work ethic and an ingrained entrepreneurial spirit.  Americans are also remarkably productive.  The Organization for Economic Cooperation and Development has reported that Americans, on a per-person basis, work up to 50% more than their European counterparts.

America’s economy maintains elevated wages, which attract millions of immigrants from all over the world, including many of the world’s best scientists and smartest engineers.  This leads to technological breakthroughs and advances in industry.  Americans constantly produce new discoveries and inventions which move the entire human race forward.

How long can America’s “golden age’ last? And how long will America be the world’s most powerful economy?

Well, the golden age of Greece lasted for 200 years.  Greece enjoyed a high level of culture and political stability characterized by remarkable accomplishments in the areas of government, art, philosophy, mathematics, science and medicine.

The Roman Empire lasted for one thousand years.  America’s “golden age” could easily last for centuries to come.  But there is no doubt; America needs to solve some very fundamental problems to maintain this “golden age”.

First and foremost, America needs to kick its addiction to foreign oil.  Americans are innovative.  I believe it can be done.  We are already experimenting with some promising solutions to this problem like using algae to make fuel for cars.

Second, America must balance its budget.  Conservative fiscal policy could avoid a heavy bout of inflation down the road.  As it stands now, America will have to print the money to meet its debt obligations, but even if this happens the country will survive.

Finally, America needs to encourage and strengthen its manufacturing prowess.  America is still the world’s largest manufacture, but can’t afford to lose any more manufacturing jobs overseas.

In many important ways, America is still the greatest country on the planet and will continue to be the world leader for many years to come.  I suggest you buy a piece of America now while prices are suppressed.  I’m talking about purchasing income producing real estate properties in the U.S.  You have a once in a lifetime opportunity to pick up some great deals on bank-owned and short-sale properties.

For example, I just purchased a single family home in beautiful Palm Beach Gardens, Florida for only $65,000.  I could rent it out and collect $1,200 per month for the rest of my life, plus the property could substantially appreciate in value over time.  That comes out to a 22% per year yield on my investment, which is hard to get in the stock market these days.

Best Wishes,

Ted Peroulakis, MBA