The U.S.. economy has been crawling along in recent years. Debt pressures are building…
ZeroHedge, Mar 28, 2017 – Excerpts:
Nearly every major western government is bankrupt with woefully unsustainable finances.
The United States leads the way with $20 trillion in debt and a total negative net worth of MINUS $76.7 trillion, according to its own annual financial report.
The US government loses money each year with no end in sight, posting a staggering loss of $1.05 trillion in 2016.
And relative to the sizes of their own economies, Japan, Greece, Italy, Spain, France, and the United Kingdom are not far off.
Moreover, pension funds across the world are in dire condition.
In the United States, Social Security and Medicare report each year that their programs are rapidly running out of money and have even calculated the date of their own insolvencies.
This isn’t some wild conspiracy theory, these are public reports signed by the Treasury Secretary of the United States.
We also see major risks with global central banks.
As I wrote to you just three days ago, the Federal Reserve is nearly insolvent.
And as they continue to increase interest rates throughout this year, they will effectively engineer their own bankruptcy.
In addition, major financial markets are extraordinarily overvalued.
Stocks in the United States trade at valuations only seen just prior to major crashes.
And as the Wall Street Journal reported just -this morning-, “insiders”, i.e. key shareholders and managers who have inside knowledge of their businesses, are actively selling their stocks.
Economic growth in most of the developed world has also fallen flat– just 1.6% in the United States in 2016, 1.4% in Canada, and 1.9% in Germany.
These are hardly inspiring numbers, especially given that inflation is rising around the world.
According to the US Labor Department, inflation reached 2.7% last month, which was higher than 2.5% in January, which was higher than 2.1% in December, which was higher than 1.7% in November.
America’s economic powerhouse solution:
The Leviticus 25 Plan 2018 – $75,000 per U.S. citizen