Debt
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The Day America Ends
About 15 years ago, Porter wrote The End of America – a 77-minute documentary that explained how America, the world’s most successful and prosperous country, was destroying itself. The final trigger, he says, will be the collapse of Social Security in 2029.
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The End Of America Approaches Crisis Stage
Porter writes that there’s no question that America is going to default. But there is something you can do about it: there’s a simple solution that Porter outlined for readers last fall and clarifies again today.
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The U.S. Will Default: It Always Does
In today’s Daily Journal, Porter writes that there’s a growing likelihood that the entire U.S. financial system will have to be “reset,” because our government cannot afford these debts.
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The Tax You Didn’t Know You Paid
The bottom line is that all government spending will ultimately be paid for either through direct taxation, or more likely, through this “secret tax” we write about today. But, of course, it will be ordinary people who foot the bill either way.
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America Can’t Keep Doing This and Still Survive
In today’s Journal, Porter talks about America’s huge $35 trillion debt level. These debts are already so large, there’s no legitimate market-based way to finance the astronomical growth in government spending that lies ahead. “I’m not talking about a crisis in 2040,” he says. “I’m talking about a crisis by 2026.”