You are receiving this email because you signed up to receive our free e-letter the Wealth Whisperer Why Kevin Had to Go 10/09/2023 Imagine not paying taxes by April 20th for the last 15 years. The government would be all over you like a fat kid on cake. Yet, Congress is exempt from the deadlines that constrain us regular citizens. All regular appropriations bills have been combined into after-deadline package omnibus deals in all but two fiscal years since 2007. Thatâs not the way it was supposed to be. In 1950, Congress passed its first Omnibus spending bill as a one-off experiment. The tactic wasnât used again until the 1980s, and then only sparingly. Politicians keep promising to do better. They never do. Thatâs why Kevin had to go. Source: MidJourney
Unfortunately, things will get worse before they get better -- both politically and economically. Weâre going to lay out our forecast for both and the best way investors can capitalize on this drama. SPONSORED CONTENT [Four New Retirement Wipeouts Ahead]( Four new wealth destroying disasters are hurtling towards your wealth. They could crush your estate as soon as next month... next week... even tomorrow. And each has the power to wipe out your retirement savings as well. Donât risk you or your loved ones getting blindsided. One you recognize these four dangers, each can be stopped in its tracks with a simple solution. These threats are real, and theyâre coming fast. So, [click here]( for quick, easy answers. [Click Here to Read More...]( Prepare for Pain Maybe youâve noticed markets havenât exactly been bullish lately. It appears the media might finally be catching on to the cause: government spending. [As we discussed in a previous issue of Wealth Whisperer]( when the Fed hiked interest rates, it made government debt more expensive to service. At our current trajectory, interest as a percentage of government revenue will skyrocket in 2024 and explode by 2027. Our calculations showed that interest would grow from 9.7% of receipts in 2022 to 13.3% in 2023 and peak at 20.1% in 2033. This means we must either cut spending or raise taxes by 25% now to balance the budget or eat a 33% tax hike in 2033. (Most) lawmakers know this but canât seem to get past their hatred for one another. Tactics like government shutdowns are performative nonsense that ring especially hollow when congressmen raise money off them. Joe Biden pretended as if he cared about the debt until he blew open the countryâs spending. And when Republicans were in charge of all three branches of government, they managed to cut taxes without tackling spending because⦠thatâs hardâ¦. This whole drama is likely to play out in favor of the Democrats. Why? Because we see two possible outcomes. Scenario One
- A conservative like Jim Jordan is the only one that can get the votes necessary to become speaker.
- He forces the shutdown in <45 days, right around the holidays.
- Biden and the Office of Management and Budget (OMB) director do everything they can to make it LOOK bad.
- The public gets pissed, and we get a bill to reopen the government discharged from committee or some other means that hits the floor.
- It passes, spending isnât cut, and the government reopens.
Scenario Two
- No one person can get the votes to become speaker.
- We get a power-sharing agreement like you see in other countries (i.e., the United Kingdom).
- Government spending doesnât get cut.
Quite simply, government shutdowns never achieve what the instigators seek, and they ALWAYS work against them in the next election. [URGENT WARNING: Millions of Retirements Are At Risk]( Congress is spurring on the most dangerous retirement threat of the last 50 years. Americaâs top retirement researcher reveals the deadly truth behind this government move⦠Plus the ONLY way to fully protect your wealth in the coming months. [Click Here for the Full Story.]( [Click Here to Read More...]( Blood Hits the Floor No, the real change will come from us, the people. When people start caring en-masse about our debt, things will change. And nothing gets folks revved up like a hit to their pocketbooks. Let government debt grow long enough, and it WILL spill into the economy. Imagine a decade of 1970s-style economic growth driven solely by government debt. You wonât have to wait much longer for that dream to become a reality. Either the Fed pulls back on interest rates and inflation explodes, or it holds the line and government spending declines. Heck, within a decade, youâll have social security benefits paid out at 85% of their prescribed levels because they arenât fully funded. At that point, it wonât matter which party controls Congress or the White House. When spending cuts become a populist opinion, it will happen. [Traders Choose A.I. to Master Volatility]( We're in a critical phase of the markets. And today weâll be going over how to make the most of this opportune time. There are only a few spots left, so make sure you sign up right now to join the [Free Live A.I. Stock Market Training.]( [Click Here to Read More...]( Investment Blueprint We arenât saying change canât happen before then. Itâs just unlikely. There was a bill passed in 1973 that laid out how Congress should craft and pass budgets. Itâs ignored every year. People donât change unless there is an incentive to do so. Thatâs why we expect government spending to remain elevated for the next several years before things hit the proverbial fan, making now the most critical time to extract gains from the market before there are few to find. With expanded volatility, now is the best time to take advantage of the options market. You see, options provide leverage, turning a 2% move in a stock into a 200% move in a near-dated call option. The trick is knowing when and where to make these timely bets. Normally, thatâs beyond most traders, even ones with years of experience. But [Bryan Perryâs Eight-Month Millionaire Blueprint]( changes all that. Check out the following table: In 2020, one of the worst years in the market, Bryanâs Beta Test turned $5,000 into over $1 million in a matter of months. But this wasnât just a one-off. He did it again in 2021 and 2022, each year starting with just $5,000 in the test account and pushing it over $1 million before the end of the year. However, Bryan believes thereâs just ONE MORE chance for this blueprint to work. After that⦠well⦠thatâs the lost decade for the market weâve been talking about. Now is your chance to get in on Bryanâs fourth and final [Eight-Month Millionaire Beta test](. But donât wait too long. Folks are already starting to catch onto the governmentâs budgetary problems. And once it gains traction, the [Eight-Month Millionaire Blueprint]( is over. [Click Here to get more information on Bryan Perryâs Eight-Month Millionaire Program!]( To Your Wealth,
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