Last week former President Bill Clinton stood in front of the nation and warned of an economic disaster which we have been shouting about for years now.
A disaster Barack Obama either doesn’t know of, or refuses to speak of.
A disaster Mitt Romney either doesn’t know of, or refuses to speak of.
Whether Mitt or Barack know about it or not now that Clinton spoke the words in front of millions, the cat is out of the bag. The United States will have to face a financial crisis soon that dwarfs the 2008 meltdown.
Clinton spoke the words at the Democratic National Convention (DNC) – a giant gathering where America’s left-wing party once again gave the Presidential Nomination to Barack Obama.
The day after, Obama gave his acceptance speech, outlining his vision for the future. And the week before, Romney did the same at the Republican National Convention.
Here’s What They Talked About…
The word “freedom” was mentioned by Barack Obama 3 times, and only to point out where freedom falls short. Mitt Romney used the word “freedom” 8 times.
Obama mentioned “democracy” 3 times. Romney never uttered the word, choosing “democratic ideals” once instead.
Romney mentioned “jobs” 14 times. Obama, 15 times.
Romney mentioned “business” 17 times. And Obama mentioned “workers” 10 times.
But neither one mentioned these crucial 2 words: “Inflation,” or “Interest rates.”
The Only One Who Did Was Bill Clinton!
In Bill Clinton’s highly praised speech, he stood up and told this truth:
“Now let’s talk about the debt. Today, interest rates are low, lower than the rate of inflation. People are practically paying us to borrow money, to hold their money for them. But it will become a big problem when…interest rates start to rise. We’ve got to deal with this big long-term debt problem or it will deal with us. It’ll gobble up a bigger and bigger percentage of the federal budget…”
It took Bill Clinton to point this scary truth out to the world.
Currently, the United States is enjoying record low interest rates… and STILL struggling.
Soon – when other nations think we’ve borrowed enough – interest rates will start to rise whether we want them to or not.
If we have to pay a high interest rate on $16 trillion dollars worth of debt, half of our budget will be consumed by interest payments.
Countries like Greece and Spain have already had to deal with the problem of massive debt at higher interest rates. And it’s why their countries are falling apart at the seams. Soon, the United States will take a similar path.
The Only Way Out…
Is to stop investing the old-way. The old methods of IRAs, 401(k)s, bonds and the stock market worked well for decades, but they won’t work in the new economy.
If you want to survive and thrive in the new economy – an economy that’s not kind to the old investment methods – then you need to meet the band of financial experts and economic seers we’ve brought together.
If you’d like to discover how to invest in the new economy read these books: