The Deep State Goes “All In” on Wrecking the Trump Economy
The Deep State is about to attempt an act of economic terrorism against the U.S.
While the financial world is focused on the U.S.-China trade deal or whether or not the Fed will cut rates at its July meeting, the Deep State has implemented its most dangerous plan to date.
To get the U.S. to default on its debt, thereby crashing the financial system on President Trump’s watch.
This sounds ludicrous until you realize the following…
- Congress decides how much debt the U.S. can issue (the so-called Debt Ceiling).
- Based on current projections, the U.S. will hit its Debt Ceiling and the U.S. Treasury will run out of money sometime in early September.
- Congress officially goes on recess in August, with the House of Representatives ending all formal sessions on July 26.
Put another way, the U.S. has about seven or eight days to resolve this issue – or the U.S. could end up defaulting.
And guess what Congress is focusing on during those seven or eight days?
Special Council Robert Mueller is scheduled to testify to Congress on July 24, exactly two days before Congress adjourns for recess.
This is not a coincidence.
The Deep State plotters in Congress are hoping to distract everyone with Mueller’s testimony, thereby allowing the Debt Ceiling issue to go unnoticed until it’s already too late and Congress is in recess.
Their goal? For the U.S. to default on its debts, thereby crashing the economy and the U.S. stock market on President Trump’s watch, so he can be blamed for the biggest financial disaster in U.S. history.
Let me explain…
The Secret Plot for a U.S. Default on Trump’s Watch
The U.S. has never had a formal debt default.
Because of this, U.S. debt (also called Treasuries) is the bedrock for the current global financial system. The yields on these bonds represent the “risk free” rate of return against which every risk asset (stocks, commodities, mortgages, etc.) is valued.
So if the U.S. defaults on its debt, the financial system will enter a massive crisis, many magnitudes worse than that of the 2008 crisis.
That crisis was based on banks going bust. A U.S. debt default could mean the entire country going bust.
Will it work? I doubt it.
Thus far, President Trump has managed to avoid every Deep State trap with relative ease. But the fact that the Deep State is attempting something so brazen should be a concern for all of us.
If a group of unelected government officials are willing to destroy the U.S. economy just to hurt President Trump, then things are REALLY about to get serious in the war between Trump and the Deep State.
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