Congress keeps raising the debt ceiling so the Treasury Department can keep printing money out of thin air for the Biden Administration.
And what’s Blundering Biden’s defense for this reckless money-printing spree?
- U.S. job growth
- Immigration reforms
- Energy independence
- Infrastructure programs
- Drug price cuts for seniors
- The rise in domestic manufacturing
- Strategic geopolitical competition with China
- Financing the war in Ukraine (with taxpayers’ dollars and service members).
“Congress did the right thing and lifted the debt ceiling three times to pay America’s bills,” Biden said in his annual address. But he didn’t mention that reckless money printing creates more burdens for taxpaying Americans like you, me, and our kids.
It’s disgusting, and the undeniable fact is that we can’t raise the debt ceiling forever.
Because if you’ve studied the fall of some of history’s greatest empires and their current economies — Rome, Britain, Spain, Portugal, etc. — you know America’s printing spree is a proven recipe for potentially irreversible economic destruction.
Imagine running a household or even a small business like the U.S. Government.
Every time you exhaust your resources, you just borrow or print more money.
You’d be bankrupt (or economically dead) in no time.
That’s precisely what happened to Greece.
For years, America kept getting away with reckless money printing because the dollar remained the de facto currency for oil and commodities trade, but now…
That superpower status has been comprised.
After Biden froze Russia’s reserve (over $550 billion) following the invasion of Ukraine, countries realized it was naive to think their sovereign wealth was safe in U.S. dollars.
Imagine waking up one day to find that folks on your block had their assets frozen by your bank because of political differences. You’d move your cash with lightning speed.
Or start looking for alternatives. So, I’m unsurprised that Saudi Arabia, Russia, China, India, and Brazil are now trading oil and other commodities in their currencies.
Even our so-called ally France already traded oil in the Chinese Yuan.
And I won’t be surprised if more countries follow in the months and years ahead.
Especially after the Fitch agency downgraded U.S. debt to AA+ from AAA+ because of — get this — “the continued lack of political will to deal with the main drivers of our deficit, such as Social Security and Medicare, and repeated tax cuts for most households.”
Sadly, you and I can’t change the course this country is on or the one our kids live in.
But we can leverage the resources at our disposal to grow our money, manage our finances, and build a multigenerational nest egg for ourselves and our families.
I can’t do that for you, but if you’re ready to hold yourself accountable…
I can offer practical guidance that helps you grow your money monthly.
Like Rob, who started trading with $1,500 but used our strategies to grow his account to $32,700 in less than six months, trading just one instrument in the oil and gas industry.
Patti averages $1,360 every three trades, trading 3x weekly with a small account. Trevino made an additional $1,760 on his last trade using our “long weekend” strategy. And we could also talk about the $6,760 win our members saw during our last Nasdaq session.
I could go on with more success stories, and while I can’t promise you’ll always win…
The bottom line is that these seemingly small wins compound over time. And that’s how you grow your money and build wealth in an increasingly challenging economy.
So, if you’re ready to take responsibility for your financial future…
Go here to see what I’ve lined up for new traders in my family.
Wishing you a blessed and profitable day,