Experts Warn that Biden's 2024 Budget Will Send Debt Skyrocketing Even Higher... Could Leave Retirement Accounts at Risk
  

A massive $6.8 trillion annual budget is coming. It's impact could be far reaching beyond what most people realize. Are you prepared?

Landing Page Newsmax 2

Click Here to Get Your Free Retirement Guide + BONUS Offer

Biden recently unveiled a massive $6.8 trillion annual budget proposal for the 2024 fiscal year. Despite his claims of reducing the deficit, the Congressional Budget Office estimates that deficits between 2021 and 2031 will be $6 trillion higher than previously projected due to Biden's spending.

Concern over this unsustainable financial situation is mounting. Fitch downgraded the US credit rating from AAA to AA+ due to a “deterioration” of the country’s finances, the growing debt burden and the “erosion of governance.” This means that higher taxes and borrowing costs are not merely possibilities, but approaching realities...

How much more spending can we take? Who will be paying for all these rising costs?!?


If you guessed the US taxpayer… you're on track.

Members from the Senate Committee on the Budget, warned that this lack of fiscal responsibility could cause a "financial Armageddon." They say Biden's budget is a tax hike budget "that will hit millions of hardworking Americans... By the end of the budget window, taxes as a share of the economy reach levels only previously seen during World War II." 

The media agrees: "The latest grim news on the exploding federal government deficit testifies to the recklessness and incompetence of President Joe Biden," the Washington Examiner recently reported.

The nation's leading independent tax policy non-profit, the Tax Foundation, estimates Biden's plan would:

●    Destroy 335,000 jobs.
●    Cut workers’ wages.
●    Reduce growth in America’s economy.

If this is what we have to look forward to, it may be time to sound the alarm…

Learn what Americans are doing to help protect their accounts.

With soaring interest rates pushing the economy to its limits and foreign investors moving away from the U.S. dollar, the writing is on the wall in big bold bold letters.

"Signs of de-dollarization are emerging," says analysts with JPMorgan, and the end of King Dollar may be near.

As the U.S. dollar’s status as the world’s reserve currency is threatened, the implications could be devastating. For Americans, it could mean skyrocketing interest rates and soaring inflation or even worse...

To add salt to the wound, the government has been pouring efforts into developing a new digital dollar. The new Executive Order 14067, passed by the Biden Administration promotes a new U.S. Central Bank Digital Currency (CBDC).
This "digital dollar" that the Biden administration is pushing forward could open the door to even greater government control over individual finances.

As The Brookings Institution has warned, "A digital dollar could threaten what remains of anonymity and privacy in commercial transactions." What if they decided to shut down your specific account for "national security" or "public health" reasons? How much more can we allow the Government to overstep?

See how you can help protect your savings from the attack on the dollar. 

How much longer can this go on before the whole house of cards comes crashing down? 
Major banks are now warning of a recession next year - one that threatens to upend the lives of millions of Americans.

A JPMorgan Chase economist recently said that there could be, “a synchronized global downturn sometime in 2024”. Economists at Bank of America and Vanguard agree, adding that "we still assign a high probability to a recession."

It’s time to take control of your financial future and help protect yourself from Biden's reckless spending. It is important you explore the different opportunities available to you to help you get prepared. 

Click here to get your complimentary retirement guide! 

Investing in physical gold and silver could mean a much brighter future. Physical gold and silver have been used for thousands of years as a store of value. They help hedge against economic downturns including times of inflation and recession.

In fact, according to Forbes, in six of the last eight recessions, gold has outpaced the S&P 500 by an average of 37%.

With a Precious Metals IRA, Americans can take advantage of a little-known tax loophole that allows them to diversify their retirement funds with physical gold and silver. This could help you protect your nest egg from uncertainty without paying additional taxes.

Here are a few reasons why Americans are using this strategy to help diversify their retirement accounts:

  • Hedge Against Economic Uncertainty
  • Protect Against Inflation
  • Ownership of Something Physical that CAN'T Be Taken Away

Thousands of Americans have already taken advantage of this loophole to help protect their savings with gold and silver.

That's why we are sharing our FREE informational guides with you today. 
GET YOUR FREE GUIDEWith this Precious Metals IRA Guide, you gain access to 25+ pages of detailed
information and insights on gold and silver.

We don't know what the economic future has in store for Americans, but as history has proven time and again...things can change within the blink of an eye.

Request your free report NOW  
Guide Screen Frames + Inside 725x427
Request Your FREE Precious Metals IRA Guide

This information is complementary with no purchase required. 

Get Our Free Report:
Precious Metals IRA

 

Newsmax Exclusive Offer:

Newsmax readers with a qualified investment of $10,000 or more will receive an introductory $200 credit toward their account, and receive 1% of their initial investment back in their choice of either gold or silver.*

Ready to Invest With Preserve Gold? 

CALL TO CLAIM YOUR OFFER NOW

866-354-2101 gold button

Offer valid until November 30, 2023

 
 
Sources
https://www.budget.senate.gov/ranking-member/newsroom/press/a-month-late-and-trillions-short-bidens-budget-charts-unsustainable-course-on-federal-spending
https://budget.house.gov/press-release/how-to-avoid-financial-armageddon-and-restore-fiscal-accountability/
https://www.washingtonexaminer.com/opinion/editorials/president-bidens-deficits-threaten-economic-doom
https://www.washingtonpost.com/politics/2023/04/28/bidens-misleading-deficit-claim-earns-him-bottomless-pinocchio/
https://www.cnbc.com/2023/04/24/economic-and-political-factors-behind-acceleration-of-de-dollarization.html
https://taxfoundation.org/research/all/federal/biden-budget-tax-proposals-analysis/
https://www.reuters.com/markets/signs-de-dollarisation-emerge-dollar-top-currency-jpmorgan-2023-06-05/
https://www.brookings.edu/articles/cash-will-soon-be-obsolete-will-america-be-ready/
https://www.cnn.com/2023/07/02/business/stocks-week-ahead-recession-2024/
https://advisors.vanguard.com/insights/article/midyeareconomicoutlookstickyinflationmosteverywhere#:~:text=We%20still%20assign%20a%20high,pre%2Dpandemic%20pace%20by%202024
https://www.forbes.com/sites/cme-group/2023/06/02/how-does-gold-perform-with-inflation-stagflation-and-recession/
https://thefederalist.com/2023/09/06/what-will-america-be-like-under-bidens-digital-dollar-look-at-communist-china/