You are receiving this email because you signed up to receive our free e-letter the Wealth Whisperer Forget About Interest Rate Cuts, 20% Interest Rates Are Coming 05/11/2023 March 1980. Queenâs fabulous song âCrazy Little Thing Called Loveâ topped the billboards⦠Dallas and The Dukes of Hazzard took the top Nielsen television spots⦠Jimmy Carter was about to get booted out of the White House⦠â¦and the federal funds rate hit 17.19%. Once Fed Chairman Paul Volker beat inflation into submission, the United States enjoyed a low-interest-rate, free-money environment for the next four decades. Rather than learn from our mistakes, a deficit spending nuclear reaction led to a borrowing explosion. Unfortunately, most folks donât realize HOW BAD things really are. Heck, some politicians, who will not be named, think we can borrow into perpetuity. Itâs like basic math just doesnât apply to them. They write off anyone who disagrees as a kook not grounded in reality. Any attempts to prepare for anything else get you slapped with a âdisinformationâ label and banned on social media. Worse, financial advisors are buying this hook, line and sinker. Financial media parrots these bozos, convincing the masses to buy equities unconcerned with the REAL DANGERS right in front of their faces. These are the same people that called inflation âtransitoryâ and expect the Fed to cut interest rates by 2024⦠â¦And theyâre all DEAD WRONG. Anyone who isnât preparing for interest rates to go up +300% is in danger of watching their wealth disappear faster than Hillary Clintonâs email server. Now you might be asking⦠How did they come up with 15%? That seems rather arbitrary. Unlike Alvin Braggâs latest case, we like to use a little thing called EVIDENCE to back up our claims. By law, the government has to publish its budget for public consumption. This includes everything from the expected revenue sources to the underlying gross domestic product (GDP) assumptions. What weâre focused on is the line item for interest payments. The following is the Congressional Budget Officeâs budget projections by category which include actuals for 2022 and forecasts through 2033. We added the highlighted line that calculates net interest payments as a percentage of revenue. In 2022, interest payments cost the U.S. government less than 10% of its revenues. Thatâs expected to jump to 13.3% this year. Can you imagine having the interest rate on a loan increase by 37% from one year to the next? SPONSORED CONTENT [Why do some traders make more than others?]( BigTrends has been in business for over 23 years⦠and we're seeing investors rushing toward options trading faster than ever. Why? Because weekly options give traders MORE leverage and MORE bang for their buck. Want a sneak peek at our most popular options trading strategy? [You'll learn how we've been hitting up to +300% returns...]( [Click Here to Read More...]( Any normal individual would tighten their belts, cut their spending and do whatever they can to avoid spiraling into bankruptcy. Not Washington. We actually plan to let mandatory spending increase by 48% over the next decade and discretionary spending by 43%. Hereâs some perspective on how bad that is:
- In 2022, interest payments accounted for 7.6% of our expenses. By 2033, theyâll be 14.4%.
- We could balance the budget this year by cutting mandatory and discretionary spending by 25%. By 2033, weâd need to cut it by one-third.
- Or conversely, weâd have to raise taxes by that amount to balance the budget.
- You could eliminate all of Social Security right now and still not balance the budget.
Now, hereâs a fun question⦠guess which two countries own 25% of all Americaâs debt held by foreign countries? Japan and China. Yep, China owns close to $1 trillion of our debt. The good news is that that figure is down in percentage terms, as they used to own 50% of all our debt held by foreign countries. So, letâs summarize the main point here:
- The government interest expense will grow exponentially in the next decade to account for 20% of our revenues.
- Weâd need to either cut spending or raise taxes by 25% now to balance the budget or 33% in a decade.
- We could eliminate social security and still not balance the budget.
- China, who we arenât on the best terms with, owns a ton of our debt.
None of this should come as a shock to anyone. This is all publicly available information that Congress literally has at its fingertips. Yet⦠there seems to be a complete lack of urgency across the political spectrum. Even better, some folks think we need to increase spending because why not⦠itâs only money, right? Now, we arenât about to just drop this heavy load on you and call it a night. That would make us as negligent as the very people we rail against. [Could THIS Be the Easiest 25%+ You Ever Collect?]( For investment giants Goldman Sachs, GQG partners, Lazard Emerging Markets, and others... The answer is a resounding YES. Find out why [right here]( -- and how you too can get in on the next mammoth payout. [Click Here to Read More...]( Which is why we return to that key concept called evidence. Data donât care about your feelings or your beliefs. They donât care that our country faces hard choices. But if you make it your friend, it can be an incredibly powerful ally. And thereâs nobody better at that than Mark Skousen. Mark, a prominent economist and seasoned history scholar, has dedicated the past several decades to teaching everyday folks how to achieve financial stability while minimizing risk. However, itâs his latest work thatâs captivated our attention. Leveraging his deep expertise, Mark draws parallels between today and our past, pointing to the inevitable outcomes. But itâs the profitable investment strategies based on hard evidence that make this video a MUST-WATCH for anyone seeking to secure and expand their wealth. [Click Here to Watch Mark Skousenâs Latest Economic Forecast!]( [We Called (MSFT) In Advance⦠Whatâs Next?]( There are thousands of Stocks, Futures, ETFs and Crypto to trade...and the list goes on and on. But only one tool to [learn the best time to enter trades before they takeoff >]( [Click Here to Read More...]( IMPORTANT ANNOUNCEMENT: We are having our Eagle Virtual Trading Event on Tuesday, May 16. If you havenât signed up for this yet, thereâs still time. Just [click here now to sign up for free](. Believe me, you wonât want to miss this online event -- as we bring together all of Eagleâs investment experts at the same time to reveal the Second Half Outlook: 7 Ways to Beat the Market. Reserve your seat now [by clicking here](. To Your Wealth,
The Wealth Whisperer Team About Us:
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