Monday, October 21, 2024

'High deficits, high debt level, high interest burden...'

We're only about two weeks away from the Presidential election... Yet, at campaign events and media appearances... Neither candidate...
 

Dear Reader,

We're only about two weeks away from the Presidential election...

Yet, at campaign events and media appearances...

Neither Republican candidate Donald Trump nor Democrat candidate Kamala Harris has addressed what's possibly the biggest ticking time bomb in financial history.

The Committee for a Responsible Federal Budget reports that no matter who wins, their plans will add trillions to the national debt over the next decade:

The current debt is already over $35.7 trillion!

And in July and August alone, the government added more than HALF A TRILLION in additional debt in just two months.

Neither candidate running for President today seems to have any clear plans to fix the situation...

It begs the question: Are we reaching a point of no return?

This is why two of the three major credit ratings companies have downgraded the U.S. credit rating.

As the lead U.S. analyst for Fitch Ratings puts it:

It's really the combination of high deficits, high debt level, high-interest burden... And we didn't see any willingness to tackle the big issues.

If you haven't seen our company founder Porter Stansberry's prediction from this summer, he warned about this exact situation...

With the way our elected leaders continue to spend recklessly with no end in sight and without virtually any discussion of our mounting debt levels, I don't see this train slowing down anytime soon.

But Porter didn't stop there...

He also revealed how we'll know the exact day it'll all come crashing down...

And the No.1 step you need to take to protect and grow the value of your wealth today.

(No, it's not farmland... gold... cryptocurrencies... or any other assets you're likely familiar with.)

Porter's solution may surprise you – especially given his warnings about the unprecedented threat to the U.S. dollar.

But as he explains, taking this step could be the most important financial decision you've ever made.

In short, There's still time to act on his recommendation...

I urge you to watch Porter reveal exactly what to do in his presentation right here.

Regards,

Matt Weinschenk
Director of Research, Stansberry Research

 

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