You have only 24 hours to see this video before D-Day!

Just as we’ve been predicting all along, Congressional leaders and the White House have reached an 11th-hour compromise on raising the U.S. debt ceiling.

With just over 24 hours left before Washington loses its ability to borrow money, Speaker John Boehner and Majority Leader Harry Reid are working feverishly to drum up support in the House and Senate.

Whether the compromise becomes law or not is still uncertain. But their deadline is immutable — tomorrow at midnight. And that also gives you just over 24 hours to watch my blockbuster video, American Apocalypse and act on my urgent recommendations before the deadline.

This time, gathering Republican support shouldn’t be much of a problem: Boehner seems to have gotten most of what he was demanding all along. According the PowerPoint presentation he just sent to House Republicans …

• There are no tax hikes; the agreement effectively makes them impossible …
• There is a provision demanding that Congress vote on a balanced budget amendment by the end of this year …
• The increase in the debt ceiling takes place in two stages with the largest increase occurring ONLY if Congress has cut spending by at least $2.4 trillion in the meantime, and …
• The spending cuts are greater than the amount the debt ceiling will be raised.

But getting Democrats to support the bill already seems to be much more of a challenge. Last night, House minority leader Nancy Pelosi suggested that Democrats may not support the compromise.

And even if the compromise becomes law, as we suspect it will …

America is about to pay
a VERY heavy price for this deal.

Don’t get me wrong: I’m 100% in favor of reducing Washington’s massive deficits. If we don’t, our creditors could simply cut us off.

So while spending cuts are necessary, they are coming at a time when the U.S. economy is extremely fragile — a time when every penny of public and private spending is desperately needed to avert a massive double dip in this great recession.

Remember back in 2008, when Washington spent trillions on bailouts and stimulus?

Well, that money is now gone. And just as we warned all along, the U.S. economy is now skidding to a halt:

Last Friday, we learned that, without government stimulus, GDP growth slowed to a paltry 1.3% in April, May and June. Worse, it slowed even more — to less than one-half of one percent — in January, February and March.

Plus, unemployment is rising again, back up above 9% and the real estate crisis that lit the fuse on the great recession of 2008-2009 is growing more severe with each passing month.

Why? Because the stimulus money that created the government’s bought-and-paid-for recovery has run out.

And now, instead of pouring stimulus INTO the economy, Washington has no choice but to take yet ANOTHER $2.4 trillion OUT of the economy, virtually guaranteeing even greater economic pain ahead.

Plus, massive ratings downgrades
are now inevitable

Even in normal times, sharply cutting government spending would be enough to guarantee a deep recession.

Also in normal times, sharply raising interest rates would have a similar impact.

Well, guess what! Now it seems certain we’ll get BOTH!

S&P has made it clear that Washington would have to cut spending by an absolute minimum of $4 trillion to avert a ratings downgrade. The compromise reached last night initially cuts by only ONE-QUARTER that much. And even after more months of heated debate about a second round of cuts, it will STILL fall short by about $1.5 trillion!

Now, to preserve its credibility, S&P will have no choice but to cut Uncle Sam’s credit rating. And both Moody’s and Fitch are likely to follow.

This historic, unprecedented downgrading of U.S. government debt alone would normally be enough to send interest rates careening higher, killing what little economic growth is left.

But as I pointed out in Money and Markets this morning, S&P has already warned that its lowering of Washington’s debt could trigger similar downgrades of up to 7,000 municipalities as well.

Plus, our banks, credit unions, insurance companies, pension funds and other financial institutions own a staggering $6.3 trillion-worth of bonds and securities that are now vulnerable to downgrades.

Altogether, a whopping ONE-THIRD of all the financial assets of all U.S. financial institutions is potentially vulnerable to mass downgrades. And never forget: The lower the rating, the higher the interest rates they must pay. So that alone means that MUCH higher interest rates are likely ahead.

Plus, as the value of their portfolios is crushed, you can pretty much expect those financial stocks to get crushed.

And as always, you can expect the Fed to print money like there’s no tomorrow, — and to accelerate the dollar’s decline — as it attempts to fight the crisis.

Your deadline: Tomorrow!
Huge profit potential available!

Make no mistake: America is rushing headlong towards the greatest economic crisis in our history — an “American Apocalypse.”

Thanks to corrupt and cowardly leaders, millions of Americans are about to face the specter of lost incomes … lost savings … lost buying power … lost homes … lost liberty.

In my landmark video presentation — American Apocalypse — I show you why your freedom, your money and even your family’s physical safety have never been in greater danger.

Plus, I give you a clear plan to insulate yourself and your wealth as this historic catastrophe unfolds:

• Three massive crises all converging NOW — each one capable of changing America forever: What you must do to protect your family and your finances before it’s too late.
• The infuriating reason why the economy is now sinking into a double-dip recession. PLUS how to protect your family’s financial security with investments designed to nearly quintuple your money as this crisis unfolds.
• Why you could soon see interest rates exploding into double digits … your Social Security and Medicare benefits slashed … even social unrest: PLUS self-defense investments that could triple, quadruple and more!
• Why more than 2,000 U.S. banks are now vulnerable to this crisis: And the $51 investment with the power to nearly quintuple your money when the dominoes fall!
• Why major sectors of the U.S. stock market are now as vulnerable as a toy balloon in a room full of RAZOR BLADES: Plus 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.
• And much more.

DO NOT miss a minute of this shocking video. I strongly recommend you click this link to watch American Apocalypse BEFORE Congress acts — or FAILS to act — tomorrow.

Good luck and God bless!

Martin