The US Is Already Running a $1 TRILLION Deficit… and Politicians Are Calling For MORE Spending

Yesterday yet another political elite called for increased spending in the form of “Medicare for all.”

This is neither original nor clever. Multiple front-runners from both political parties are pushing for increased spending, whether it be in the form of a massive infrastructure plan, socialized medicine,some kind of “Green Deal” climate change boondoggle and more.

This comes at a time when the US is already running $1 TRILLION deficits… while maintaining GDP growth of 3%+.

Put another way, the US is already spending money it doesn’t have at a pace usually associated with DEEP recessions/ crises.

And the political elites are ALREADY calling for more spending.

There is a reason Gold is exploding higher. There is a reason why currencies around the world are losing purchasing power at a rapid clip. It’s because the markets have realized that Governments are going to try to SPEND their way out of the coming crisis.

And this means WEALTH TAXES.

I’m talking about outright taxes on capital (the IMF has proposed a 10% wealth tax on NET WORTH), increased taxes on incomes, made-up taxes on various services (rain taxes, toilet taxes etc.) as well as stealth tax in the form of inflation caused by Central Banks printing TRILLION in new currency.

Put simply, the Great Global Wealth Grab is officially underway, and if you have even a little bit of capital sitting around, the elites will be coming for it.

Indeed, we’ve uncovered a secret document outlining how the Fed plans to both seize and STEAL savings.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are making just 100 copies available for FREE the general public.

You can pick up a FREE copy at:

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research