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Taxed by Debt

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The Government has no credible plan to legitimately pay down our exploding national debt, which currently adds up to more than $56,000 for every man, woman and child in the country. As Washington tosses aside the limitations of the debt ceiling, things are likely to get worse in the years ahead. Peter explains why an inflation campaign by the Federal Reserve, which has already resulted in worrisome asset bubbles, is their only solution. He offers advice on how to help protect your portfolio from the coming crescendo of printing.

“Inflation is a ‘debt tax’ that takes purchasing power from anyone with savings and gives it to those receiving government checks.”