The debt load is rising every second and the chances of ever paying it off are non-existent. America’s sovereign debt is approaching $24 trillion and the illusion of a strong economy will soon be shattered.
The government is doing everything it can to stave off the inevitable because it’s an election year. They’re cutting interest rates down so that the payments will be smaller – but they’ve already pushed the rates down to almost zero, so that tactic won’t work for much longer.
Meanwhile, the rock-bottom interest rates are hitting the middle class where it hurts – in their savings accounts and pension plans.
We’re living in historic times, but not in a good way. The U.S. debt-to-GDP ratio is at 105%, meaning that America now owes more than it’s producing.
Indeed, America is setting all the wrong records, with the national debt now eleven times the annual federal revenues:
Even the Congressional Budget Office is admitting that the problem isn’t going to get any better; they’re projecting that America’s debt load will rise to 125% of the national GDP over the next 20 years. That would be higher than America’s debt-to-GDP ratio during World War II, but at least back then we had an excuse for spending so much.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
Even credit card interest rates are at their highest level since 2001, but that isn’t stopping Americans from spending like there’s no tomorrow: in July, U.S. revolving debt reached its highest level ever recorded.
Courtesy: U.S. Global Investors
Suppression of government bond yields and extreme currency debasement are devastating to THE AVERAGE PERSON – but it’s extremely bullish for gold, which actually thrives in a dollar-devaluation environment.
When gold surged to $1,550, I warned you that it would quickly pull back to $1,500, which is exactly what happened.
This 2-day pullback is a BUYING OPPORTUNITY.
It’s painful to watch the American government assault the population with bond-yield suppression schemes and dollar debasement. But you don’t have to be a victim – get gold and shield yourself from the impending currency crisis and debt-bomb debacle.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Never base any decision off of our emails. Never base any decision off of our emails. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Please read our full disclaimer at GlobalCannabisWealth.com/