Dear Reader,
Some say it's too early to know how history will judge Joe Biden…
But it's hard NOT to see amazing similarities between the current administration's policies and the moves made by Presidents Lyndon Johnson and Richard Nixon, roughly 50 years ago. (
click here to see a former Goldman banker's full analysis)
Lyndon Johnson, much like Biden, spent tons of money on his "Great Society" programs, which included not only Medicaid and Medicare, but the main goal of eliminating poverty and racial injustice.
Then Nixon took over...
He increased deficits (just like Biden), instituted price controls, caused a run on the U.S. dollar as it plummeted to record lows, before agreeing to a big expansion in Social Security, just before the elections.
The result?
Wharton professor Jeremy Siegel called this era "The greatest failure of American macroeconomic policy in the postwar period."
And it was a disaster for millions of Americans.
The inflation that followed destroyed countless businesses and families/finances.
What few remember, however, is that just like today, this disastrous period was preceded by what appeared to be a booming economy.
In 1972, unemployment was low, growth was strong, and stocks hit an all-time high at the beginning of 1973.
So what's coming next in America?
One thing we know for sure is that President Biden and Congress are proposing yet another enormous spending bill (this one totaling $3.5 trillion), which is only going to add major fuel to the inflationary fire.
What should you do?
Well, no one has done a better job of investigating this critical trend and preparing a more detailed playbook than a former Goldman Sachs banker named Dr. David Eifrig.
In his just-released analysis, Eifrig says:
- "It's doesn't matter how the White House, the U.S. Treasury, or the Federal Reserve are creating new money and new credit…
- It doesn't matter what tricks they are using… or how they spin it…
- America is about to experience one of the greatest inflationary periods in our nation's history.
- And make no mistake about it: Inflation will push millions of Americans down… out of the middle class... out of private retirement... out of private health care... and out of a decent life based on independence and privacy... into a collectivist nightmare I call: FINANCIAL LOCKDOWN."
Get the facts for yourself.
I have produced a brand-new report that explains exactly what you need to know.
It's called:
Financial Lockdown—How a New Era of Inflation Will Affect You and Your Money. Best of all, Dr. Eifrig's new report is available totally free of charge. (
click here to get your copy)
In it, you'll learn:
- Why most Americans are totally unprepared for this new economic era.
- Why something Dr. Eifrig calls "Financial Lockdown" is inevitable, and what it means for you and your money.
- The REAL reason prices are going up, and what's coming next.
- What happened to stocks and savings the last time we saw real inflation like this in America.
- What steps the government is most-likely to take next – and how that will affect you and your money.
- Why the wealth gap in America is about to get much, much bigger.
- How something economists call The Money Illusion will cause most Americans to react much too slowly to these big and important changes. And much more…
Don't get left behind.
Everything you need to know is in Dr. Eifrig's free new Special Report:
Financial Lockdown—How a New Era of Inflation Will Affect You and Your Money. No credit card or any type of payment required.
Click here to get your free copy. With Biden and company proposing another $3.5 TRILLION economic spending plan,
reading this simple, straightforward report could be the No. 1 most important financial step you take right now.
You'll also begin receiving a free daily investing email called, The Digest, where Dr. Eifrig and his research colleagues cover the most important news, trends, and opportunities in the markets to help you make better investing decisions. You can unsubscribe at any time.
Sincerely,
Michael Palmer
Managing Partner, Stansberry Research
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