In this, the second week of February, we got news that the Federal debt just hit $22 trillion!
Can’t say this is news to us.
The Federal debt has been doubling about every two administrations (about every eight years): $5 trillion to $10 trillion under President Bush… $10 trillion to $19 trillion under Obama.
If this trend continues (and it looks like it’s well on track to do so), that would mean, for the term after this one, we could see Federal debt at $36 trillion to $40 trillion.
And that’s whether or not Trump gets a second term.
How is that possible?
I tell you in today’s video. Watch now…
Auto loans have surged past mortgage loans… and subprime has made a comeback, this time in the auto lending industry. It seems lenders learned something from the mortgage crisis… but not much.
Guess how many car loans are already in default… and we’re not even in a recession yet?
Student loans are seeing increasing numbers of default as well…
Follow me on Twitter @harrydentjr
P.S. This building debt crisis is worrisome. It’s leading us down the path to the great reset I’ve been calling for. But we’re still about a year our before these dominoes trigger the end. Before then, we’ll enjoy a Dark Window opportunity in the stock market. Make sure you don’t miss it. And then stick with us to protect yourself from the downside when things start to turn bad into 2020.