Powerful voices in the financial and economic sectors are warning that the U.S. is headed for a gigantic economic collapse. The U.S. continues printing money to keep up with its financial obligations, spending way beyond its means. With Democrat Joe Biden as president, there is even less of a check on spending than under Republicans. The debt recently increased another trillion within 90 days, reaching $34 trillion.
Rep. David Schweikert of Arizona started putting on regular presentations in the House of Representatives about running out of money, due to Social Security and Medicare bankrupting the country. Stanley Druckenmiller, chairman and president of Duquesne Capital, warned of the “Coming Fiscal Horror Show” in a speech last spring, lamenting that due to the the out-of-control spending on entitlements, “pensions tomorrow will be a fraction of what they are today, and the government won’t be able to pay for more than half of […]
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