Breached: Debt Ceiling Fiasco Worsens

America’s financial system is in grave danger. Dear Loyal Reader, Even though President Biden is warning of an economic “calamity” if the debt limit isn’t raised … he still refuses to negotiate with Speaker McCarthy. USA Today reports:“Amid debt ceiling standoff, why Joe Biden is refusing to negotiate with Republicans.” NBC News says: “Debt ceiling: Biden won’t negotiate.” Bloomberg bluntly writes: “White House states Biden won’t negotiate.” While his lack of willingness to negotiate will likely trigger financial chaos … there’s something more troubling you should be aware of. And acclaimed Wall Street expert Ian King is sounding the alarm bells… “The debt ceiling fiasco will pop the all-asset bubble,” he says. “Stocks will crash 50%, real estate will get slashed in half, and unemployment will surge to record highs. America will soon experience the most devastating financial crisis in history.” King went on to say, “This is not about a recession, inflation, or rising interest rates though these will hit hard as well. Truth is, these will be the least of our worries.” If Ian is right (as he has been so many times in the past), your financial future is at stake, and it’s critical you know what’s coming and what you can do now to avoid falling victim. [Click here if you are unable to see the image.]( [Click here for the full story.]( Regards, Matthew Clark Chief Research Analyst, Stock Power Daily ---------------------------------------------------------------  Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe.](