Most Americans have never thought twice about intellectual property (IP). If you haven't, I sure don't blame you. IP is a big, seemingly abstract concept that can be hard to wrap your head around.
But I'm here to tell you – it's absolutely critical to your prosperity that you understand what's happening right now.
The U.S. Patent & Trademark Office estimates that the intellectual property associated with 81 industries added $6.6 trillion to global GDP in 2014, the last year that there's data.
That same year, IP-intensive industries accounted for a staggering 38% of U.S. GDP, a figure that may approach 50% in 2019 thanks to the speed at which technology is advancing.
Simply put: Our nation depends on IP.
So does your money.
And yet, a recent CNBC poll found that one in five American companies have reported that Chinese companies have stolen intellectual property from them over the past year.
Damages are hard to calculate, but estimates range from $225 billion to $600 billion annually.
That's not "total"; that's not "over time." That's in one year.
Let me show you why this is so critical and why – love him or hate him – the president absolutely must be tough on China when it comes to this issue…
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.