Debt Default Looming. What It Really Means …
I have an urgent question for you:
When our leaders yell “fire” in a debt-infested jungle, does that signal the financial inferno is here?
Consider their words …
Treasury Secretary Janet Yellen warned last week that any kind of default on the U.S. debt will be “catastrophic for the economy and individual families. No one would be spared.”
Federal Reserve Chair Jerome Powell said people believe the Fed could shield the financial markets, the economy and the American people from a default. But that’s simply NOT the case.
The Wall Street Journal, The New York Times, CNN, Fox News and countless news outlets on the left and the right have issued the most alarming warnings we’ve seen in our lifetime.
What do you think?
Does this mean the United States as we know it today is coming to an abrupt end?
What impact will this crisis have on stocks and bonds? What about Bitcoin?
I will give you my definitive answers at our urgent crypto Q&A session tomorrow at 2 p.m. Eastern.
So, if you have not yet done so, be sure to grab your free ticket now by clicking here.
Then hop over to my blog and post your comments or questions.
In the meantime, read on for my take on the latest events …
Why This Fiscal Crisis Is the Worst in U.S. History
The debt ceiling is not the source of the problem. Nor will any decision by Congress — to raise it, abolish it, or just postpone the decision in some way — make or break the economy.
The very fact that nearly everyone in government is shouting dire warnings at the top of their lungs is the best indicator that an outright debt default is unlikely.
But the mere fact that a U.S. government default is the subject of serious debate is, in itself, a horror story. In response …
Treasury-bond prices plunged as their yields jumped.
The Dow Jones Industrials sank more than 1,000 points in just a few days.
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But Bitcoin surged by about $4,000 … and then exploded higher by another $3,000 on Friday.
What is this telling us about the future of America and the next move in Bitcoin?
My view: It’s a sneak preview of the true crisis unfolding before our eyes …
A metastasizing cancer of debt that tears apart the very fabric of our society.
A desperate Federal Reserve that has no recourse other than high-speed money printing presses.
A near-bankrupt government paralyzed by exploding deficits and internal strife.
All moving in one direction — the decline and fall of the American Empire.
This doesn’t mean the end of our country per se. But even when the immediate crisis is resolved, America’s status as the leader of the free world and global economy will remain in grave danger.
Inflation, a collapse in the dollar and a massive flight to alternatives will be virtually unavoidable.
That’s my outlook. What do you think?
How will this crisis impact the U.S. economy? Financial markets?
Will Bitcoin plunge or surge?
Share with me your views … or ask me anything you like about this threat and opportunity.
For example, topics I’m already slated to cover in our urgent crypto Q&A tomorrow include:
• How high can Bitcoin go in this bull market?
• Does decentralized finance (DeFi) offer a possible solution to the debt crisis? Why has it already grown more than 100-fold since 2020?
• What do we mean by “The Next Bitcoins”? How can you find them?
• Why do some cryptos rise in value so much faster than Bitcoin?
• What are the risks of investing today?
• Precisely how does our early-bird crypto buying method multiply your profit potential sixfold, tenfold, or 125-fold?
• And many more.
If you have not yet grabbed your free ticket to attend tomorrow’s Q&A session, do so now by clicking here.
Today’s your last day to do so.
If you have questions or comments, please post them on my blog.
Then, be sure to join me for our Q&A tomorrow at 2 p.m. Eastern.
If you don’t yet have the instructions to attend, no worries! You’ll get them as soon as you RSVP.
I look forward to seeing you online tomorrow!
Martin
