Don’t Look Up – You’re About to Be Hit by a $33 Trillion Debt Comet

[Inside Wall Street with Nomi Prins]( Maria’s Note: Rogue Economics friend Teeka Tiwari is issuing a chilling warning. He believes the U.S. dollar is headed for collapse… And the old playbooks for dodging a dollar crisis won’t work. But there is one asset that Teeka says will skyrocket. And at a special briefing last night, he revealed what it is. The last time the dollar went through a similar crisis, Teeka’s readers had a chance to make 27 times… 56 times… and even 850 times their money – in less than two years off this asset. If you missed Teeka’s briefing, The Final Collapse, you can still watch the replay [here](. Over to Teeka for more… --------------------------------------------------------------- Don’t Look Up – You’re About to Be Hit by a $33 Trillion Debt Comet By Teeka Tiwari, Editor, Palm Beach Daily [Teeka Tiwari] In 2021, Netflix released the movie Don’t Look Up. It’s the streaming giant’s second most popular movie of all time. The parallels between the movie and today’s economy are eerie… In the movie, Leonardo DiCaprio plays a scientist named Randall Mindy. Mindy discovers a comet the size of Mount Everest is on a direct collision course with Earth… And it will destroy humanity. During the entire movie, Mindy tries to warn everyone… He goes on several TV shows… meets with generals at the Pentagon… talks to Congress… and even gets an audience with the president at the White House. Mindy is screaming at the top of his lungs, “If we don’t do something, we’re all going to die. This comet will wipe out life on Earth.” But nobody seems to care. When they finally start listening to him, it’s too late to do anything about it. Here’s why I’m telling you this… A “debt comet” is about to hit us. And if you don’t prepare now, it’ll leave a crater-sized hole in your retirement portfolio… Recommended Link [It’s the biggest change to our money since 1971…]( [image]( Investigative journalist Dr. Nomi Prins… Famous for exposing the connections between America’s most corrupt officials and the Federal Reserve… Exposes a truth about the American Dollar that would have been unthinkable three years ago. “As more banks fail, the Federal Reserve, the White House, and the financial elites are set to enact the biggest change to our money since 1971. You must act NOW, before it’s too late.” Dr. Nomi Prins As the turbulence in our world grows worse and worse… Protect your wealth and preserve your privacy… [Click here now to see what Nomi recommends before it’s too late.]( -- The $33 Trillion Debt Comet Most of us know the United States is deep in debt. For the first time ever, our government is $33 trillion in the hole. [Chart] That’s bigger than the size of our entire economy. From 2008–2021, this out-of-control debt was manageable. That’s because interest rates were close to zero. So the interest we paid on that mountain of debt wasn’t a big deal. But something has changed… Since 2022, the Federal Reserve has hiked interest rates 11 times. That’s the fastest pace ever. At the same time, rates have skyrocketed to over 5%. That’s the highest level in the last two decades. And it’s a huge problem for our government. Let me put this in perspective… Imagine you had a $100,000 balance on your credit card. And every month, you only made the minimum payment because you were paying close to 0% in interest. You could probably manage that, right? But what do you think would happen to you if your credit card company jacked up your rate to 5% virtually overnight? That’s exactly what’s happening with the U.S. government right now. And it’s why I believe we’re about to get hit with a $33 trillion debt comet. The World Isn’t Prepared for What’s Coming JPMorgan Chase CEO Jamie Dimon recently warned we could see rates as high as 7%. “I am not sure if the world is prepared for 7%,” Dimon told the Times of India. Dimon runs the largest bank in the United States. He’s done the math. And that’s why he’s so concerned – and you should be, too. At 7%, the net interest payment on $33 trillion in debt would be about $2.1 trillion – every single year. That’s nearly three times bigger than the U.S. defense budget. And almost twice the amount the government spends on Social Security. But that’s not even the worst of it… In 2022, the U.S. government generated $4.9 trillion in tax revenues. So in a world of 7% interest rates, nearly half of your tax dollars would go just to pay interest on our government’s out-of-control debt. [Chart] Friends, this chart should send a chill down every American’s spine. If that’s not a debt comet hurtling toward our financial system, I don’t know what is. Recommended Link [Billionaires buying Google’s AI Supplier]( [image]( A new Google AI project is about to go live. And ahead of the launch… Tech expert Colin Tedards has discovered 5 billionaires are in a buying frenzy for shares of one little-known Google supplier. They include: Larry Fink, the founder of BlackRock, the largest asset management firm in the world. Ken Griffin, the founder of Citadel, the largest hedge fund in the world. Jeff Yass, the 50th richest man in the world. David Tepper, the man Forbes calls “the greatest hedge fund manager of his generation.” And none other than Warren Buffett. Why? [Click here for the full story.]( -- We’ve Entered a “Doom Loop” Washington could solve the debt crisis with some serious belt-tightening. But imagine a politician running a campaign with this promise: “If you elect me, I’ll cut your Social Security check and Medicare benefits. You won’t get any food stamps, either… And by the way, I’m going to double your taxes, too.” What are the chances of that happening? Cutting welfare and raising taxes is the quickest way for any politician to lose an election. So that’s not going to happen. The truth of the matter is this… The U.S. government can’t go bankrupt because its central bank (the Federal Reserve) can always print more dollars. And if there’s one thing the government knows how to do, it’s print money. So it will have no choice but to print more money to pay down all this debt. If the government continues to print more money, that will increase inflation and decrease your purchasing power. We saw that during the COVID-19 pandemic, when the Fed pumped $5 trillion into the economy. The inflation rate jumped as high as 9.1%. Economists have a name for this type of crisis. It’s called a “doom loop.” A doom loop happens when the market believes a government can’t pay down its debt or is about to go bankrupt. That’s why The Wall Street Journal wrote: “The cost of borrowing is near untenable levels. If we aren’t already in a ‘doom loop,’ we’re getting close.” Recommended Link [Bizarre Amazon Secret – Not Available on CNN, Fox, or MSNBC]( [image]( Amazon. It’s one of the most profitable companies on Earth. Yet, according to Brad Thomas, a multi-millionaire, best-selling author, and former economic advisor to President Trump... What few people realize is, thanks to a little-known IRS loophole – billions of dollars get paid out each year... Required by law! With the next payout scheduled to go out as soon as December 10th! Brad has been featured on Bloomberg, Fox & Friends, Barron’s, CNN, Kiplinger, NPR, MSNBC, and Forbes... But he’s never revealed this secret anywhere... Until now... [Watch the Video Now (Brad Reveals Amazon “Payout” Loophole)]( -- What You Must Do Next Friends, if you know me, then you know I’m not a doom-and-gloomer. I came to America with $150 in my pocket and the determination to become rich. And this country helped make me a wealthy man. But I agree with the Journal. We’re getting close to a doom loop. The old playbooks for dodging a dollar crisis – buying gold and real estate – won’t work. And I just held a [special briefing, called The Final Collapse]( to explain why. During this briefing, I told viewers about an event scheduled for this month that could initiate this doom loop and trigger the final collapse of the dollar. But in every crisis, there’s opportunity. That’s why I also revealed the one asset I believe will skyrocket during the collapse. The last time the dollar had a similar crisis, my readers had a chance to make 27 times… 56 times… and even 850 times their money – in less than two years off this asset. If you don’t act by the end of this month, you could see the permanent reduction of the purchasing power of the dollars in your pocket… your bank account… and your retirement account. Friends, millions of Americans don’t understand what’s coming. And I believe they’ll be completely wiped out when all is said and done. I want to show you how to sidestep this incoming “debt comet” so you and your family can stay safe. [Click here to watch the replay of my event](. Let the Game Come to You! [signature] Big T --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG Will you follow Teeka’s advice through the inevitable collapse of the U.S. dollar? How are you preparing for this collapse to affect our everyday lives? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… [Bear or bull market, this highly successful trader has shocking new forecast]( Nobody believed Larry Benedict’s prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, “It seems like there’s much more to come.” Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that “all the indexes will be negative for the year,” with the Nasdaq leading the way. Once again, he was spot-on. Anybody who followed his recommendations could be well in the black. Now, for the first time, Larry’s coming forward to share a brand-new forecast. [Click here to watch his interview right now.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2023 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](