The rich rules over the poor, and the borrower becomes the lender’s slave.
Debt: It’s a terrible curse on the American people.
As James Madison, the fourth president of the United States and “Father of the Constitution,” prophetically warned, “Debt is a public curse, and in a Republican Government a greater curse than any other.”
Madison is not the only Founding Father who knew the horrors of debt…
Thomas Jefferson, the author of the Declaration of Independence and third president of United States, warned: “We must not let our rulers load us with perpetual debt.”
Secretary of the Treasury Alexander Hamilton stated: “Allow a government to decline paying its debts and you overthrow all public morality.”
Benjamin Franklin added: “When you run in debt; you give to another power over your liberty.”
Unfortunately, our current leaders in Washington have ignored the biblical warnings and those from our forefathers.
To make it real personal, $19 trillion equates to you owing $63,000.
This debt truly is, as James Madison phrased it, a curse.
But it’s not the $19 trillion debt figure that keeps me up at night.
You see, America’s total indebtedness, known as the “fiscal gap,” when you include all of our nation’s unfunded liabilities like Social Security, Medicaid, Medicare, unemployment compensation, food stamps and more …
Isn’t $19 trillion: It’s $210 trillion.
And that’s what keeps me up at night.
That’s a staggering $658,307 per person in United States. That’s how much you owe and how much each one of your family members owe.
They will be cursed with dragging this debt around with them for the rest of their lives. And it is only getting worse every day.
Again, that is $210 trillion in debt and unfunded liabilities.
One lone economist, James Dale Davidson, is now predicting that our nation’s debt addiction will lead to the end of America.
“There are three key economic indicators screaming SELL,” he says. “They don’t imply that a 50% collapse is looming — it’s already at our doorstep.”
And if Davidson calls for a 50% market correction, one should pay heed. He predicted the stock market collapse of 1999 and 2007.
Indeed, his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
They know that when Davidson makes a prediction, he backs it up. True to form, in a new controversial video, Davidson uses 20 unquestionable charts to prove his point that a 50% stock market crash is here.
And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you could seize opportunities that come along once, maybe twice, in a lifetime.”
Perhaps most importantly, in this new video presentation, Davidson reveals what he and his family are doing to prepare right now. (It’s unconventional and even controversial, but proven to work.)
While Davidson intended the video for a private audience only, original viewers leaked it out and now thousands view this video every day.
One anonymous viewer wrote: “Davidson uses clear evidence that spells out the looming collapse, and he does it in a simple language that anyone can understand.” (Indeed, Davidson uses a sandcastle, a $5 bill and straightforward analogies to prove his points.)
With his permission, I reposted the video on a private website. Click here to watch it now.