Is This Biden's Biggest Mistake? Some say it's too early to know how history will judge Joe Biden... But it's hard NOT to see amazing similarities between the current administration's policies and the moves made by Presidents Lyndon Johnson and Richard Nixon, roughly 50 years ago. (Click here to see a former Goldman banker's full analysis.) Like Biden, Lyndon Johnson spent tons of money on his "Great Society" programs, which included not only Medicaid and Medicare, but the main goal of eliminating poverty and racial injustice. Then Nixon took over... He increased deficits, instituted price controls, caused a run on the U.S. dollar as it plummeted to record lows, before agreeing to a big expansion in Social Security, just before the elections. The result? Wharton professor Jeremy Siegel, called this era "The greatest failure of American macroeconomic policy in the postwar period." And it was a disaster for millions of Americans. The inflation that followed destroyed countless businesses and families' finances. What few remember, however, is that just like today, this disastrous period was preceded by what appeared to be a booming economy... In 1972, unemployment was low, growth was strong, and stocks hit an all-time high at the beginning of 1973. So what's coming next in America? Will we see a New Inflationary Era? No one has done a better job of investigating this critical trend, and preparing a more detailed playbook than a former Goldman Sachs banker. In his just-released analysis, Eifrig says: "It's doesn't matter how the White House, the U.S. Treasury, or the Federal Reserve are creating new money and new credit... It doesn't matter what tricks they are using... or how they spin it... America is about to experience one of the greatest inflationary periods in our nation's history. And make no mistake about it: Inflation will push millions of Americans down... out of the middle class... out of private retirement... out of private health care... and out of a decent life based on independence and privacy... into a collectivist nightmare I call: FINANCIAL LOCKDOWN." Get the facts for yourself. See Dr. Eifrig's full, brand-new analysis, which we've posted on our website, free of charge, right here. In this analysis, you'll learn exactly what Eifrig and his team believe is coming next, and most importantly: The 4 Critical Steps you should take right now. As Eifrig says: "We are living in a very dangerous financial time. The biggest risk right now is doing nothing. You can't rely on anyone else or the government to save you." Click here to see Dr. Eifrig's full analysis, which we've posted free on our website. Sincerely, Mike Palmer
Founding Partner, Stansberry Research | 