Dear Reader,
A recent bill passed by the U.S. House of Representatives was like the shot heard around the world.
It slashes the budget and freezes spending levels for a full decade.
It rolls back Biden's health, climate and tax law.
It imposes work requirements on social programs.
And it's just the beginning of a new kind of Revolutionary War.
This is not a run-of-the-mill fight between Dems and the GOP. Nor is it merely a rerun of tame budget squabbles from years past.
No. This time, it's an epic battle like no other.
This time, it's between the most reckless spenders and the gutsier budget-cutters America has ever seen.
And this time, it's taking place in the midst of four crises that have never before come together at the same time …
The worst bank failures since the Great Financial Crisis.
The worst inflation in 40 years.
And the biggest risk of depression since the 1930s.
Still, most people have buried their heads in the sand. They seem to think the spenders and budget-cutters will simply "meet behind closed doors, cut a slimy deal and call it a day — just like they've always done before."
Don't count on it.
The fact is, the U.S. Government now faces a greater risk of debt default than at any time since the battles of Lexington and Concord.
As soon as June!
What are the consequences of an outright default by the government of the biggest economy on the planet?
Chaos.
Chaos in the market for U.S. government securities.
Chaos in the market for bonds and debts of all kinds.
Chaos in every stock market on the planet.
But there's only one way the government can avoid an outright default on its debt without adding a lot more debt. It's …
By defaulting on Social Security payments to 67 million Americans …
By defaulting on benefits to over 5 million veterans …
By defaulting on its obligation to protect the U.S. dollar from collapse, or …
By defaulting on its promise to bail out the nation's big banks.
What do government officials do when they run out of money and are cornered like rats?
They declare a "national emergency."
They take desperate measures.
They may even take away your money, your financial freedom or both.
If you want to know what's likely to happen next and how to protect your wealth, watch this now.
There's no time to waste.
Good luck and God bless!
 |
Martin D. Weiss, PhD
Weiss Ratings Founder |
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