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Money and Markets: Investing Insights

White House Economists Predict Crisis to “DWARF” 2008!

Martin D. Weiss, Ph.D. | Sunday, March 27, 2011 at 7:30 am

I have great confidence in mankind’s ability to ultimately overcome even the most extreme of challenges. But at this juncture, America has yet to begin that arduous process. We live an unrealistic lifestyle on borrowed money and borrowed time.

That’s why, we have long been warning you about a looming crisis with the power to crush the U.S. economy. Unless Washington makes a 180-degree turn, we face a catastrophe that could end our way of life as we know it.

Now, just as we predicted, America’s massive debt crisis is exploding into the headlines. Our warnings — the same ones for which we were scoffed at earlier — are now being echoed by many among the political elite.

And on Thursday, no fewer than TEN former members of the White House Council of Economic Advisers — including President Obama’s former top economic adviser Christina Romer — added their voices to those warning of a looming economic catastrophe.

In an editorial published by Politico, the bipartisan group warned that unless the White House and Congress slash the federal deficit, bond investors are likely to turn on the United States, triggering an economic crisis that could — again, I quote — “DWARF 2008.”

Consider that for a moment: In 2008, Wall Street came within a whisker of a financial meltdown. Financial monoliths like Citigroup and Bank of America nearly went bust. And Lehman — one of the giants of Wall Street — simply ceased to exist.

Now, these top economists and Congressmen are saying, in effect, “That was NOTHING. Just wait until you see what happens NEXT!”

For the last week, I’ve been renewing my warnings to you nearly every day. I’ve told you that unlike the credit crisis that triggered the last major stock market collapse …

The “Fiscal Armageddon” that could “dwarf 2008” will be intensely personal. Millions of Americans will face the specter of lost incomes … lost savings … lost buying power … lost homes … lost liberty.

I detail the three massive crises — all converging in this time frame — that are capable of changing history: What you must do to protect your family and your finances before it’s too late.

I reveal the infuriating reason why you could find yourself paying more than $11 for a gallon of gasoline and over $10 for a gallon of milk. And I show you how to protect your family’s financial security with investments designed to nearly quintuple your money as this crisis unfolds.

I document why you could soon see interest rates exploding into double digits … your Social Security and Medicare benefits slashed … even riots in the streets. PLUS I tell you about the self-defense investments that could triple, quadruple and more.

I drop a huge bombshell on America’s banks — why more than 2,000 of them are now vulnerable to this crisis. And I describe the $51 investment with the power to nearly quintuple your money when the dominoes fall.

And I give you the details on why thousands of U.S. stocks are now as vulnerable as toy balloons in a room full of RAZOR BLADES. Plus I tell you about the investments that could make you 134.4% richer if a decline happens in the next 12 months … and 155.4% richer if it comes sooner.

Good luck and God bless!

Martin

Martin D. Weiss, Ph.D.

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.

{ 2 comments }

Anne Sunday, March 27, 2011 at 8:37 am

Dear Martin,

You are totally correct. “The “Fiscal Armageddon” that could “dwarf 2008″ will be intensely personal. Millions of Americans will face the specter of lost incomes … lost savings … lost buying power … lost homes … lost liberty.” Unfortunately I was one of those Americans in 2008 to whom the “Fiscal Armageddon” of 2008 happened. It was no specter. It was intensely personal and very real. I lost my job, all of my savings and now my home. I am battling time to ‘sell’ all of my cherished possessions (if that’s even possible) and be ready for either someone to buy my house or find that one day the bank has padlocked the front door and I am homeless. So Armageddon has arrived for millions of people like me.

Arthur Sands Thursday, March 31, 2011 at 2:41 pm

So where do you think a proper investemnt should be made at this time?

Previous post: Congressmen: “Fiscal Titanic” ahead!

Next post: New Protests, Riots and Revolutions: 5 Lessons for Investors

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