Anyone who believes that the political left is the only group planning on seizing private capital is misguided…The Great Global Wealth Grab is going to involve BOTH sides of the political spectrum.
The fact is that the political right, lead by the Trump administration, is proposing extreme forms of Keynesian government spending. The US Government ran a $600+ billion budget deficit in 2017… at a time when the economy was growing at roughly ~3%.
Cheap debt is what fueled this deficit… just as it fueled every deficit of the last 40 years. That is a big reason why the massive debt bubble developed in the first place relative to GDP.
It’s only going to get worse from here. The Government is showing NO SIGNS cutting back on the spending. If anything, it’s ballooning.
Paid family leave is still a priority for the administration of President Donald Trump.
In his budget released on Monday, the President called for six weeks’ paid leave for new parents, including adoptive parents, to recover from child birth and care for their children. But specific details on how such a plan would work are still up in the air.
The big problem with this is that interest rates are rising, which means debt payments are rising too… which means the political elite will have to find new sources of capital to try and plug the gap.
That capital will come from wealth grabs and taxes.
Consider the following:
- The IMF has already called for a wealth tax of 10% on NET WEALTH.
- More than one Presidential candidate for the 2020 US Presidential Race has already openly called for a wealth tax in the US.
- Polls suggest that the majority of Americans support a wealth tax.
And if you think this will stop with the super wealthy, you’re mistaken. You could tax 100% of the wealth of the top 1% and it would finance the US deficit for less than six months.
Cash grabs, wealth taxes, and more will soon be coming to Main Street America.
Indeed, we’ve uncovered a secret document outlining how the Fed plans to both seize and STEAL savings during the next crisis/ recession.
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:
Chief Market Strategist
Phoenix Capital Research