STANSBERRY: "THE AMERICAN JUBILEE (Debt Forgiveness) IS CLOSER THAN YOU THINK; WILL THE FED ANNOUNCE THE DIGITAL DOLLAR ON 03/21/2019?
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Manage episode 229440531 series 1165508
The FEATURE this week is taken from Porter Stansberry's book, THE AMERICAN JUBILEE IS CLOSER THAN YOU THINK which cites the Biblical reference to the forgiveness of debt every 49 years or so in order to avoid an overthrow of an existing government by an indebted population. This event is timely in America because our Federal debt and personal debt has grown greater than ever in the past 10 years than in the past 231 years. Student loans alone for 44 million borrowers now exceeds $1.5 trillion and there are 3,000 defaults/day. The Government is not only ineffective in dealing with the problem, it helped create it. Hopelessness amongst the poor is already causing riots which will only grow with the promotion by Progressives for political gain. We also cover the possibility that the Federal Reserve may announce next week that the US will adopt and phase in a digital US dollar and begin calling in all $100 bills. Other topics include: "Has China made major concessions to settle the trade and tariff dispute"?, The Tax surprise, Wells Fargo still doesn't get it, VPLM US Fed Court decision next week, Apple loses infringement case vs Qualcomm, The College Entrance scheme, Justice Democrats and their puppets and The End of Global Warming-The floods are coming! "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."
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