The US WILL Default

If you believe that our leaders have even the slightest clue of how to solve the economy’s problems, Obama’s jobs proposal should rid you of your delusion.

This is not a matter of political affiliation nor is it an attack of Obama as a person. It’s a simple matter of basic math.

Obama wants to spend roughly $500 billion to create two million jobs (that’s the claim at least). Put another way, Obama would spend roughly $250,000 to create a single job. That’s a heck of a lot of money in an economy in which the average income is $50K or so.

That’s just the basic math. I’m not even bothering to assess the fact that the Government is already spending over $1 TRILLION per year and hasn’t created a sustainable job recovery.

So how exactly will another $500 billion change things?

Also, where is the Government going to come up with this money exactly? Didn’t we just say we needed to hike the debt ceiling by another $500 billion? Aren’t we already running Debt to GDP and Deficit numbers that are on par with Greece: a country that is guaranteed to default in the near future?

Folks, this is the hard truth: the US is broke and our leaders have no clue how to solve any of the structural issues our economy and markets are facing. They’ve spent TRILLIONS propping up the stock market but haven’t created new jobs nor have they improved Americans’ quality of life in the last two years.

In other words, we’re at the End Game for Government Intervention in the economy and marketplace. Greece has already shown us what’s coming: default and debt restructuring.

After all, there are only two ways to deal with a debt problem:

1)   Pay it off

2)   Default

The US has no chance at all of ever paying off its debts, which means some form of default and restructuring is coming our way in the future. And when this hits, it will make 2008 look like a picnic.

On that note, if you’re looking for actionable advice to help you navigate the coming carnage, my Private Wealth Advisory newsletter has been showing investors how to profit from any market environment.

To whit, my clients MADE money in 2008. They also made money during the Euro Crisis of 2010. And they’re making money now, while 99% of investors lose their shirts.

If you’d like to join us, you can take out a “trial” subscription to Private Wealth Advisory… and join my list of private clients in receiving my bi-weekly market updates and real-time trading alerts… if you…

Click Here Now!

Graham Summers








Disclaimer: The information contained on this website is for marketing purposes only. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice by Phoenix Capital Research or any of its affiliates, nor is it to be relied upon in making any investment or other decision. Neither the information nor any opinion expressed on this website constitutes and offer to buy or sell any security or instrument or participate in any particular trading strategy. The information in the newsletter is not a complete description of the securities, markets or developments discussed. Information and opinions regarding individual securities do not mean that a security is recommended or suitable for a particular investor. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. 

Opinions and estimates expressed on this website constitute Phoenix Capital Research's judgment as of the date appearing on the opinion or estimate and are subject to change without notice. This information may not reflect events occurring after the date or time of publication. Phoenix Capital Research is not obligated to continue to offer information or opinions regarding any security, instrument or service. 

Information has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. Phoenix Capital Research and its officers, directors, employees, agents and/or affiliates may have executed, or may in the future execute, transactions in any of the securities or derivatives of any securities discussed on this email. 

Past performance is not necessarily a guide to future performance and is no guarantee of future results. Securities products are not FDIC insured, are not guaranteed by any bank and involve investment risk, including possible loss of entire value. Phoenix Capital Research, OmniSans Publishing LLC and Graham Summers shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided. 

Phoenix Capital Research is not responsible for the content of other websites or emails to which this one may be linked and reserves the right to remove such links. OmniSans Publishing LLC and the Phoenix Capital Research Logo are registered trademarks of Phoenix Capital Research. Phoenix Capital Management, Inc.
What Happens When the Everything Bubble Bursts?
  • By trying to corner the bond market (risk-free rate)
  • the Fed has created a bubble in everything
  • Reserve your copy of our Executive Summary
  • To prepare for what's coming down the pike!