Editor's Note: We are always on the lookout for the latest financial news to share with you. Below is a special message from our colleagues over at The Bonner-Denning Letter that we found particularly insightful. Casey Daily Dispatch Reader, There's something the talking heads on mainstream financial media like CNBC and Fox Business aren't talking about publicly. It's a curious glitch in our monetary system. Week after week, more cracks are starting to appear. - Student loan debt is over $1.5 trillion... as many as one in five — almost $350 billion worth — may already be in default...
- The riskiest grade of corporate debt is now almost $1.2 trillion... and most of these companies have no hope of meeting their obligations — even if interest rates remain at historical all-time lows...
- And hundreds of companies are teetering on the edge of bankruptcy... with millions of American jobs hanging in the balance.
That's why politicians in Washington are quietly discussing a dangerous plan to change our nation's currency... Former Congressman Dennis Kucinich said, "We need to take back our Constitutional authority... by creating money and putting it directly into the economy to repair our infrastructure [and] to convert to a green economy." Democratic candidates Elizabeth Warren and Bernie Sanders are detailing plans to forgive all student debt... And liberal darling Alexandria Ocasio-Cortez says the switch should, "absolutely [be] a larger part of our conversation." But this "clean slate" for voters will come at a great price to your retirement... For anyone who has worked hard and saved... anyone hoping to retire someday... this plan for a "new" kind of money... May just end the idea of personal freedom for the working class in America. Do Not Wait! Go here to find out how you can protect yourself before more government meddling makes it even harder for you to retire. Sincerely, Dan Denning Coauthor, The Bonner-Denning Letter |
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