American Dream Busted. Financial Nightmare Looming. Can the Fed Save the Day?
The coronavirus pandemic has created a financial nightmare in America.
It has unleashed a chain of devastating economic events that could change almost everything in your life.
But if you think what has happened so far is shocking, brace yourself for what's coming next.
I'm not saying this to frighten you. God knows there's more than enough fear in America today!
Rather, I'm here to give you the facts about how this crisis will impact your money and how you can find safety in an unsafe world.
Because our financial world today is not safe, and this isn't the first time we've said so.
If you saw the video I recorded in my home months ago, or if you’ve read our editors’ reports, you know that we’ve warned you, in explicit detail about what’s happening today.
We told you that tens of millions of workers would be laid off, and they were.
We named big companies that would file for Chapter 11 bankruptcy, and now, they HAVE filed, or are on the verge of doing so.
We explained why the government would not be able to bail out every corporation, every city and state, or every citizen in America, and that forecast has also come true.
So, now, it’s time to talk about the NEXT phase of this crisis.
According to the nonpartisan Congressional Budget Office, even when the economy recovers, it will still be worse than the Great Recession we experienced in 2008-2009.
And based on the evidence I will share with you today, this crisis already is, or will soon be, similar to the Great Depression that my father experienced in the 1930s.
What about a recovery?
Bloomberg reports that 52% of America’s small businesses are expected to fail in the next six months. That translates to 16 million failures. Even 16,000 would be a lot. But 16 MILLION?!
And JP Morgan bank says it will take at least 10 years for the economy to fully recover.
For Many investors, the Fed is the Last Hope …
Last night on “60 Minutes,” Fed Chairman Jerome Powell said …
“[There’s] no limit to how much money the Fed can lend to financial markets …”
“We are not out of ammunition by a long shot.”
He thinks he’s sending a signal to investors that he’s going to rescue the economy.
But he’s also sending a signal to investors that it’s time to move their funds to fiat-money alternatives.
Like gold or Bitcoin.
Never forget: The U.S. Federal Reserve was created to ensure a more stable monetary system.
And for nearly century, the Fed abided by that mandate.
More recently, even when it did veer off course, it always declared a clear limit to its money-pumping operations, promising to return to normal as soon as possible.
Today, the Fed has not only abandoned any semblance of restraint, it has also abandoned any promise of restoring it.
That may soothe some fears in the near term. But it’s another reason why this crisis has just begun … and why it could last a lot longer than anyone now dreams possible.
To better understand the truth about what’s really happening today — and how you can turn it into a life-changing, wealth-building opportunity, be sure to see our most recent video.
Good luck and God bless!