BancersBancers Posts: 23 Tin ✭
On Friday, the national debt of the United States exceeded $20 trillion for the first time ever, jumping $318 billion in one day to $20.162 trillion. On the same day, U.S. President signed a bill that suspended the debt ceiling until December 8 and allowed unlimited federal borrowing,
The handwriting on the wall. The debt is simply too massive. It can never be repaid. It would be financial suicide for them to throw away more good money after bad. No amount of money printing could even begin to make up for the trillions of dollars needed in tax revenue from Americans.
The American dollar is in freefall as the news reverberates around the globe. The U.S. government has no reserves; no savings for a rainy day. Not even a Social Security “Trust Fund.” It is dead broke. The paper wealth of generations will vanish before our very eyes. Millions of retirees who once had fat portfolios will watch helplessly as their life savings being wiped out through hyperinflation.
The plain truth is that nation’s debts are far larger than most people realize. Everyone worries about our $20 trillion national debt; that it equals 107% of the value of all the goods and services the U.S. produces. That’s a drop in the bucket. In addition to that debt, our U.S. government owes another $238 trillion that it never wants to talk about called “unfunded obligations” — the money it owes primarily to veterans and to seniors in pensions, Social Security and Medicare payments. Altogether, the nation is on the hook for $256 trillion.
That’s more than 15 times the size of the entire U.S. economy. A line of 256 trillion one-dollar bills would reach around the Earth at the equator nearly one million times. It would reach all the way to the sun and back more than 133 times. And, what’s worse, trillions of more dollars in additional debt and obligations are piling up with every passing year. After more than 60 years of out-of-control spending, the nation will simply run out of money.
Because of the coming debt disaster, and the U.S. government’s ability to print currency money faster than any individual can save it. My family and I have decided to use gold money as a hedge against future inflation. Goldmoney has been my best investment in accumulating wealth and maintaining my family’s financial security.
For those that do not know, wealth preservation and financial security are about seeking assets that retain their purchasing power over time. Purchasing power represents the amount of goods and services you can buy with your money. You should aim to preserve your purchasing power to ensure that the money you are working so hard to earn today is still valuable in the future when you need/want to spend it. Goldmoney has been the key in preserving my family purchasing power because, with the country’s looming debt crisis, there is a perfect economic storm coming. It’s a category 7 economic hurricane, and as a result, be prepared for a drastic lowering of your standard of living.
Now here’s a word to the wise. For those who have eyes to see, ears to hear, and a mind to perceive what’s coming, remember that Noah acted on things not yet seen and prepared an Ark for the saving of him and his family
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