WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Former Vice President Dick Cheney famously said "Reagan proved that deficits don't matter"

True or not, running greater and greater federal budget deficits has become standard operating procedure for Washington DC.

When Cheney uttered those words, the annual deficit was in the low hundreds of billions. It's projected to be $2 trillion this year.

At that scale, today's guest expert would argue that deficits are indeed starting to matter, because the US is now increasingly challenged to service the debts and other associated liabilities that have accreted from all the years of rising deficit spending.

In fact, he concludes we're on a collision course for a sovereign debt crisis, one that will take the purchasing power of the US dollar down with it.

To find out why, and what can be done about it, we're fortunate to welcome Luke Gromen, founder of macro research firm FFTT, LLC, back to the program.

#volatility #marketcorrection #dollar

0:006:05 US Deficit As A % of Global GDP
6:0611:22 Dollar Liquidity Is Tightening
11:23 15:55 Why Gold Should Do Well
15:5622:40 Sovereign Debt Crisis Ahead?
22:4137:40 Social Crisis Ahead, Too?
37:4142:03 Are We In Fiscal Dominance?
42:0444:40 Don't Put Faith In The System
44:0155:24 Luke's Market Outlook
55:251:01:53 Will The Election Outcome Make Any Difference?
1:01:54 Importance Of Mindset
_____________________________________________

Thoughtful Money LLC is a Registered Investment Advisor Solicitor/Promoter.

We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.

We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.

IMPORTANT NOTE: There are risks associated with investing in securities.

Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.

A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.