US Debt Ceiling Breached– Pensions Raided..(US Debt)

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Well it’s official: the US credit card has officially been maxed out…

The United States is expected to reach the legal limit on its debt later on Monday and will start dipping into federal retirement funds to give the country more room to borrow, a Treasury official said.

As Reuters reports further, The U.S. Treasury will settle $72 billion in maturing bonds on Monday, which will push the country right up against its $14.294 trillion borrowing cap, the official said.

Combined with the fact that China’s Treasury holdings have continued to decline for the past five months in a row, and the US is quickly running out of options.

Washington has until August 2nd to boost the ceiling so the Treasury can continue to pay their bills and keep the doors open.

My expectations?

This is yet another confirmation of what we’ve been predicting since 2008…

The US has two options… Default and a deflationary depression…

Or turn up the printing presses for QE3,4,5 and beyond into hyper-inflationary oblivion.

So which will it be?

Well if you want to know what’s going to happen, forget everything else, and simply ask yourself… What do people do?

Because the pattern is the same throughout history…

• What do people in power do with that power? Do they willingly give it up, or do they abuse it?
• What do people in power do with opportunity? Do they let it pass, or take it?
• What do people in power do when they make mistakes? Do they do what’s right for the masses at their own expense, or do the protect themselves and their friends first?
• What do people in power do with responsibility? Do they accept it, or pass it on to someone else?
• What do people in power do? What’s right for others, or what’s right for them?
• So ask yourself… What will our politicians, lawmakers, bankers, and traders do?

Will they face the pain of their decisions and do what is right to fix the problem, likely losing everything they have and all of their power in the process, or will they do everything then can to try and keep their power, and above all else, protect the status quo?

To understand more on how to protect you and your family I recommend reading The Elevation Group Review- Ripoff or Legitimate Education? You will get a better understanding of whats going to happen in the near future.

If you understand human nature, then you can look back at history and know with confidence exactly what will happen again, and that it will be no different this time. While the pictures on our Dollar bills may have changed, our nature has not…

The ball will be kicked down the road yet again, and more money will be printed because it’s easier than austerity .

Unfortunately you can’t fix a problem caused by too much debt, by issuing record amounts of even more debt.

Gold will ultimately save the day for those who own it, as it has hundreds of times, over thousands of years.

In the mean time, all that matters to you is that this is a HUGE opportunity to PROTECT yourself and PROFIT by betting against Washington.

Just because the ship’s going down at the hands of idiots, doesn’t mean you have to go down with it.

To Learn more on how you can protect yourself check out my good buddy who I am learning a lot of my knowledge from The Elevation Group

Would love to hear your thoughts below so make sure you comment and share with the world.. The mission is getting stronger day by day and you are on the front lines..

Unstoppable Living,

Martin Ware- The Marketing Revolutionist

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