Posted on 03/06/2024 7:42:52 AM PST by Rev M. Bresciani
A leading economist is warning of the dire economic consequences of a U.S. national debt that is currently increasing by $1 trillion every 100 days.
On Monday, Stephen Moore, a distinguished fellow in Economics at The Heritage Foundation, joined “Washington Watch with Tony Perkins” to discuss the current economic outlook for America as the national debt continues to balloon at an unprecedented rate.
(Excerpt) Read more at new.americanprophet.org ...
So tell me. What happens to our IRA & 401k’s?
The debt will continue to rise until it can’t. The politicians not stop spending until it becomes an economy threatening crisis.
Instead of displaying courage and doing the right thing, they will wait for cover to justify doing what must be done.
I would like to know what happened over the weekend that caused the price of gold to jump up from $2050/oz to $2150/oz.
As I said, the debt bomb WILL go off
>>>this IS reality<<<
Prepare as you see fit. Lord willing, I’m going to try and get some debt paid off (with a small bit of help) and get my cars fixed - hope I can work a bit, a least part-time this year) before they totally destroy the economy.
So tell me. What happens to our IRA & 401k’s?
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You can be sure that the government is eyeing them for a means testing scheme of some sort. Those who prudently sacrificed and saved will be punished to pay for the ever expanding administrative state.
Nobody in DC will sacrifice anything. It will all come off of our backs.
“In my first two years, I reduced the debt by $1.7 trillion. No President has ever done that.”
The debt is going down, not up. The Mummified Meat Puppet of the United States said so, and this is a quote.
You know how student debt was forgiven with the stroke of a pen? The fund managers' and trustees' "debts" to you will be forgiven. They'll get off, scot free, and you'll be holding an empty bag.
I’m going to try and get some debt paid off
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Smart move. Most interest rates right now are harmfully usurious.
yes
One TRILLION is 1000 BILLION.......................
Are we creating 1000 Billion Dollars worth of economic gain every 100 days?
NO WAY IN HELL............................
Well, if it’s on tv, it’s true.
Very good reason why we HAVE to get Trump back in the White House......
Simplify your message to the people.
The more money the government spends, the more EVERYTHING you buy is going to cost.
Saying every person will be responsible for 300 grand of debt…the people say we’ve heard that for decades. Explain cause and effect like they are all 4th graders. Show your work.
Because the left is going to blame “Big” whatever. Big Nabisco. Big oil.
We don't need a PhD economist to tell us we're about to hit a brick wall at 100 mph.
This one will be the GFC in 2008 on steroids. The GFC was simply a warmup for what's next.
Any warning falls on deaf ears. The politicians and policy makers in DC and on Wall Street are convinced that they and their ill-gotten gains will be insulated from the repercussions of their crimes against our nation.
“So tell me. What happens to our IRA & 401k’s?”
I’m uncertain, as my 401k is currently invested in a stable value fund. Although these funds are intended to safeguard investments, they are not immune to failure. My anticipation is a gradual decline over a few years, followed by a steep downturn. I’m hoping to transfer my funds out of the 401k during this gradual decline.
The most advantageous investments include paying off your mortgage, acquiring tools for repairs, investing in farming essentials, and ensuring you have reliable vehicles.
If only the “rich” would pay their “fair share”, the debt problem would be solved!!!
“that’s silly...just print more money”. like the lady who said “I CAN’T be out of money! there are still checks in my checkbook”.
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