Important update from David Fischer, CEO of Landmark Capital:
“Recently we got through a government shut-down which bought us a temporary relief until December 11th when this all starts again. Another looming event which is much greater, with more uncertainty is coming soon on or around November 5th. This is not a government shutdown, raising the debt ceiling, or even a downgrade in our creditworthiness that was done in August of 2011. What I am talking about is something that has never been done in the history of our country and is now just being talked about in mainstream news, Default. According to a letter sent on October 1st to Congressional leaders warning them that the U.S. government will run out of money sometime on or around November 5th. Treasury Secretary Jack Lew said unless Congress authorizes additional borrowing by the government the United States would be forced to default on its financial obligations for the first time in its history. For over 3 years Lew has used what he calls “extraordinary measures” borrowing money from government entities. Funds have been borrowed from The Disability Fund, The Pension Fund, The Currency Destabilization Fund, and pension contributions have also been halted for some time now. Because of that according to Lew sometime on or around Thursday November 5th everything will be exhausted. At that point the Treasury would be left to fund the government with only cash they have on hand. Lew forecast it to be below $30 billion. He says that amount would be far short of expenditures need on any certain day which the government needed $30-$60 Billion on any given day. That means we would only have one day of cash reserves.
In 2011 we had a downgrade of credit, meaning moving forward we would have problems paying our bills on time, now that day of reckoning is here. This could trigger a multitude of things such as massive inflation, our currency devaluing, a major stock market correction bigger than Black Monday percentage wise, or something I have spoken about on radio and wrote a white paper on called a “Bail In”.
A Bail In in essence has been set up for any major financial uncertainty where the government needs money and takes it from their citizens by legal measure of the passing of the Dodd Frank bill.
Having your retirement or funds outside of your retirement in physical gold and silver would be a huge financial insurance policy, and could also be the best investment. Contact Landmark capital today to get your free white paper an informational packet about precious metal which include the white paper titled “The Coming Bail In”.“
