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If You’re Not Thinking About Real Assets, You’re Going to Get Left Behind
by Simon Black Sovereign Man
“Scary” is the word that the Wall Street Journal used this weekend to describe the looming financial crisis in the US.
They said bluntly, “Washington has laid the seeds of a crisis that Wall Street can no longer ignore.”
I’ve been writing about this for 14 years; back then, it was highly controversial… almost conspiratorial… to suggest that the US government was in deep financial trouble. Today it’s front page news in the most prominent financial publication in the world.
To give you an idea of the problem, we can once again look at the government’s own data:
According to the Treasury Department’s most recent report from July 31, they’ve taken in $3.69 trillion in tax revenue so far this fiscal year.