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The same crowd that screamed about Burisma is now looking the other way while billions drain out of everyday Americans through crypto schemes and political financial vehicles. I’ve covered fraud my entire career, and what’s happening right now with World Liberty Financial and Trump-branded investment schemes would make boiler room operators blush.
The numbers coming out of Washington right now are genuinely alarming, and most people have no idea how directly they affect their savings and retirement. Let me walk you through what I’m seeing and why I’m calling this a financial black hole.
168 million Americans currently receive some form of government transfer payment. That is not a political talking point, that is a economic reality that shapes every investment decision you make.
I have been on the air since the turn of the century warning people about the financial terrain of this country. I was hoping for an exit ramp, and I have to admit, I was wrong.
Everyone is blaming AI for the coming jobs apocalypse, but I am here to tell you the real threat is something both parties have been building for decades. The national debt and its crowding out effect on private capital is a slow-motion economic catastrophe that almost nobody in the mainstream is talking about.
Grocery prices, housing, energy, insurance, and healthcare have all skyrocketed over the past two decades, and no amount of political spin changes the math. I am breaking down the real numbers so you can see exactly how much purchasing power you have lost.
I was standing in the Uffizi Gallery in Florence this morning, surrounded by centuries of Christian art, thinking about inspiration and belief. Then I came back to my hotel and read Peggy Noonan’s piece in the Wall Street Journal arguing that socialism is filling the void left by receding religion, and I couldn’t stop thinking about what that means for everyday Americans and their money.
Everyone is asking whether America is drifting toward socialism, but I think that’s the wrong question. The real threat has always been crony capitalism, and both the new left and the new right are starting to figure that out.