January 21, 2015
Sovereign Valley Farm, Chile
Last night’s State of the Union address had one conspicuous omission, and it’s huge.
It’s bigger than all the wars, it’s bigger than the stock market, it’s bigger than the government, it’s bigger than the wages of all the people in America, it’s bigger than the economy.
It’s bigger than America itself.
And it seems incredibly strange to me that the President of America failed to mention it even once (nor was it mentioned in the Republican response).
It is of course, the national debt.
This, to me, is very dangerous. It suggests that the people in charge are in complete denial about the single biggest issue this country faces. And there’s a reason for that.
I recently saw a video where a teenager posed a question: If America has $18 trillion in debt, can it still claim to be a wealthy nation?
His conclusion was pretty simple—sure. His reasoning? Because we owe it to ourselves.
This is the flawed, dangerous, and ignorant logic that they’ve managed to convince people is true.
But this only scratches the surface of the problem. History shows us that heavily indebted nations invariably suffer serious consequences. But more importantly it’s the system itself that needs a fundamental reset.
Today’s podcast is long overdue (it’s been almost a month). I’m proud to present a deluxe edition that covers these challenges, where this trend is going, and what you can do about it.
Because, as it turns out, the solutions are as old as the problems themselves. And while you cannot fix your government or its debt, you can certainly take steps to set up your family and loved ones for whatever happens down this turbulent, yet exciting road.