How We'll See Deficits at $40 Trillion in a Few Short Years
Harry Dent | May 06, 2019 | Smart people are worried. They should be. Never mind the chaos around the world (like mass shootings, terrorist bombings, Armageddon marches, etc. ad infinitum), it was recently report that Christine Lagarde, the managing director of the IMF, is “doubly concerned” about the level of global debt. She was speaking at the Milken Institute Global Conference last week, where she explained why excessive debt is going to become a serious problem for developed and developing countries alike. In case you’re wondering – I had to look it up – the Milken Institute is a research driven, non-partisan think tank that develops policy initiatives aimed at increasing economic growth to improve the standard of living for people across the globe. I assure you. The levels of global and U.S. debt are way beyond concerning. They’re also way beyond being repayable. Did you know that our very own Federal debt has been doubling about every two administrations, or every eight years? It went from about $5 trillion to $10 trillion under President Bush’s two terms… from $10 trillion to $20 trillion under President Obama… At this rate, the $20 trillion debt that Trump walked into when inaugurated in early 2017 could be close to $40 trillion in early 2025, when his second term is up (if he survives in the White House through the crash of a lifetime, that is). We’re well on the way too. Our Federal debt is already up $1.5 trillion in the last two years, and these are supposed to be the “good times.” When the shit hits the fan early in 2020, that number is going to explode into the stratosphere. That’s what happens to deficits during bad times. They increased 122% (more than double), in the aftermath of 2008. 2020 will be infinitely worse, so debt growth will respond accordingly. This first chart gives us an idea of what this looks like… READ MORE » | New study reveals why America is headed for disaster  According to America’s #1 economist, this shocking event only happens every 250 years. It’s called “Zero Hour”... and when it happens again soon, it’s going to trigger the greatest upheaval in modern history… bankrupting millions of Americans practically overnight. But you don’t have to be one of them.
In fact, if you take a few simple steps today to prepare yourself, this event could make you very rich in the months and years ahead. Click here for the full story.
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