Take Social Security benefits, for instance: Last year, the Congressional Budget Office (CBO) said the Social Security fund would not start running a deficit until 2016. But now, the CBO just announced that Social Security has sunk into the red FIVE YEARS ahead of schedule!
For those who depend on Social Security this is a direct threat. And even for the wealthy, this must be viewed as a powerful economic force that could have a real impact on financial markets and investment portfolios.
Meanwhile, state pensions are as much as $2.5 trillion in the hole. That’s why Moody’s is getting set to issue mass downgrades. And that’s why Congress is even contemplating a new law to let states declare bankruptcy AND stiff pension recipients.
To add insult to injury, your taxes are in danger of skyrocketing: Minnesota is effectively jacking up sales taxes. California is proposing to jack up sales taxes, vehicle taxes and income taxes. And Illinois has ALREADY boosted income taxes by a staggering 67%!
Most important, most traditional investments — stock and bonds — are in jeopardy.
Our view: Making solid, steady profits is your best revenge!
This is why we have created a new special video presentation: To help you protect yourself and even to grow your wealth as this crisis continues to unfold.
Good luck and God bless!
Martin
Dr. Weiss founded Weiss Research in 1971 and has dedicated his entire career to helping millions of average investors find truly safe havens and investments. He is Chairman of the Weiss Group, which includes Weiss Research and Weiss Ratings, the nation’s leading independent rating agency accepting no fees from rated companies. His last three books have all been New York Times Bestsellers and his most recent title is The Ultimate Money Guide for Bubbles, Busts, Recession and Depression.
