Dear Reader,
A lot of Western governments have been pushing China to add more debt to spur consumer spending to save their economy.
And China said something that really struck me watch my Diary video here …
China came out and said, we are not going to add more debt. We are going to make a sacrifice for the long-term health of our economy.
Sacrifice is an interesting word. It comes from the Latin, sacer facere which means “to make holy.”
I contrast that with our situation here in America.
—ACTION REQUIRED—
NOTICE: Our next “Income Alert” will be issued Today at 2PM est sharp…
To claim your piece of the $5.8 billion payout to hit Dec. 31st…
…make sure you go here now to get on the list.
But you have to get in now to be on our distribution list.
If you’re too late, you’ll see a “Membership Closed!” notice and will not be allowed in.
Get on the list before it closes >>>
===
Now, we all know culturally there’s a lot of differences between political parties.
But economically, there’s very little.
Sure, each party has its sponsors – you know some are military, some are energy, some are solar power, this group, that group, construction, unions, whatever it is.
But they’re basically like Nascars with stickers on them from different constituencies.
And neither candidate is talking to us about our massive debt problem. And I gotta tell you something:
Inflation is here to stay.
We call it “secular inflation.”
This is because both parties are putting up trade barriers to goods being made around the world – specifically in China.
And what does that mean?
It means if you go into Walmart, and you buy a microwave or a Mr. Coffee coffee machine and it costs you $30… Now it’s going to cost you $35 and it’s not going to be made in China.
So there will be inflation from both parties.
Both parties have adopted this kind of anti-trade stance, which will be inflationary – no doubt about it.
It’ll cost us more to manufacture that Mr. Coffee maker here in America or in the Western hemisphere than it costs us to do it in China.
We’re going to have to accept higher inflation.
There’s a contract between the government and the people that has to be changed.
Growth and trade at any cost is not sustainable anymore.
Our voters have told us that and I respect our voters, but having said that, the thing that troubles me most is that we as a country have forgotten what it is to make a sacrifice.
We don’t have any leader telling us we have to make sacrifices to strengthen this country for the long-term.
All they keep doing is handing out goodies and they are basically spending us into bankruptcy.
And it really concerns me.
We lost the will for greatness. We got fat, dumb and happy.
We forgot what pain is like and I’ll tell you something – most military analysts, most analysts of foreign affairs believe China’s going to attack Taiwan as soon as 2027 – many believe it’s even sooner.
I laid out what that looks like right here.
I don’t know how we protect America’s supply of chips if we’ve lost our ability to make a sacrifice …
I don’t know how we handle our debt problem if we’ve lost our ability to make a sacrifice …
I don’t know how we handle the incredible challenges that we face as a country economically if we’ve lost our ability to make sacrifices.
If we don’t learn to make sacrifices for the better of our country and our children, the country that knows how to make sacrifices, the country that wants it more, is going to be able to call the shots.
And I’ll tell you something:
If we have China running Taiwan – directing semiconductors in any direction they want – they’re going to turn off the tap from sending them to us.
That’s going to be the ultimate sacrifice. We’re going to be cutting off our nose to spite our face if we don’t get our fiscal house in order quickly.
Here’s how to protect your family from the fallout.
Talk soon.
“The Buck Stops Here”
P.S. When inflation is high, this is the strategy I use to beat it.
P.P.S. It’s also the strategy Warren Buffett uses.
