In this month’s issue of Schiff Sovereign: Premium, we lay out how America’s debt addiction is careening toward a crisis so obvious it might as well be scheduled on the calendar.
The Social Security Administration says it plain as day: the main trust runs dry in 2033, and if Congress does nothing, checks to recipients will go out nearly 25% short.
And that will be the spark for a much larger financial reckoning.
After exploring a historical parallel, we walk through exactly how this is likely to unfold. It’s not speculation, it’s based entirely on the government’s own projections for 2033, including a $56 trillion national debt and 40-50% of tax revenue being spent on interest.
In the past, crises these large have prompted the Federal Reserve to step in with the printing press.
And we use examples from the wake of the 2008 global financial crisis, as well as 2020-2022 pandemic spending, to forecast the consequences for 2033.
But it’s not all doom and gloom. We end with the obvious way to prepare—and even profit.
We explore which precious metals are most likely to soar in this scenario. That, of course, includes gold, but we also give our take on silver, and platinum— which is especially promising.
The Crisis of the 3rd Century In the early 3rd century, the Roman Empire still looked like a colossus. Its borders stretched from Britain to Mesopotamia. Its legions stood watch over far-flung provinces. Its wealth flowed from trade, tribute, and the spoils of war. But underneath the marble veneer, the rot was spreading. Rome had…
