Countdown to $40 Trillion

It’s disgraceful. 

The United States, a country that once stood for personal freedom, yet demanded personal responsibility from its citizens and politicians alike, is broken. 

I barely recognize it anymore. 

Since 2010, I’ve been warning everyone who would listen about the United State’s looming debt crisis in my documentary, The End of America. 

Now, 16 years, and $22 trillion in additional debt later… 

We’re very near the $40 trillion mark in total national debt: 

This massive debt… annual deficit increases… along with looming unfunded pension obligations, are spiraling this country toward insolvency. 

And as I’ll show you, the soaring price of gold right now is a very clear warning of this. 

Congress cannot possibly finance its legislatively mandated spending: 

Mandatory spending plus interest is locked in at around 37% of GDP before a single discretionary dollar is spent.

It’s inevitable that the government will be forced to print trillions of dollars to finance its growing obligations and borrowing costs. 

This has the potential to trigger a technical U.S. Treasury default… which would mean catastrophic losses for long-duration bond investors.

It’s happening right now in Japan, where the 10-year bond yield has tripled over the last year. It has cost investors over $200 billion. 

And that’s what happened in Great Britain in September 2022, costing investors around $700 billion. 

In both cases, the bond markets sold off after the governments announced plans to both increase spending and cut taxes. Following the same logic at home…

I believe it’s now certain America will soon experience a financial reckoning, much like we saw in 1973-1974.

After the U.S. abandoned the gold standard in August 1971, Congress passed huge increases to spending, including linking Social Security payouts to meet the inflation rate.

In the 10 years following the August 1971 break with gold, the size of the Federal Reserve’s balance sheet grew 174%, from $70 billion to over $190 billion, as it bought enormous amounts of Treasury bonds with newly printed money. 

This set off the roaring inflation of the 1970s, which wiped out long-duration Treasury bonds.

That meant a stock market decline of more than 50% between 1973 and 1974. The sell-off in financial stocks was even more intense. 

For banks, which must hold Treasury securities as reserves, the technical default (printing money to finance government debt) was catastrophic.

The price of gold, in the meantime? Soared from $35/ounce to $455 by the end of the decade. That should sound familiar… 

Today, we’re witnessing the largest gold bull run since the 1970s, and for an important reason: 

Central banks around the world are recognizing this massive risk that U.S. Treasury bonds pose to their bottom line. So they’re dumping Treasuries… and buying gold hand-over-fist. 

Put simply, gold is money again. And it’s the greatest monetary shift we’ve ever seen. 

I warned anyone who would listen to get into gold over a year ago. And I’d bet the ones who did are enjoying some incredible returns. 

But this is just the beginning of this wealth shift - and I have a new gold recommendation that I believe everyone should consider immediately.

In short, if you don’t own gold right now, you’re making a big mistake. But if you really want to protect and potentially grow your wealth during these dangerous times…

Click here to see the absolute best way to invest in this global gold rush right now.

Good investing, 

Porter Stansberry

Previous Post Next Post
Share to other apps
Copy Post Link

Contact Form