Dear Reader,

A $13 trillion national deficit is a figure that is hard to truly grasp.

This breaks down to about $118,000 per American taxpayer -- and since you aren't getting a physical bill for this 6-figure levy in the mail -- maybe you aren't feeling the effects just yet.

So let's look at it from another point of view.

Imagine you have a next-door neighbor who's racking up one big debt after another. Maybe an expensive sports car, a new pool, and an extensive debt renovation.

And all these high price tag items have been put on the Visa or Mastercard.

Eventually there will come a time when the interest alone will comprise 100% of your neighbor's payment on this debt.

It's no different when a country runs its deficit up to dangerous levels.

Look at what just happened to Greece.

The country racked up far more debt than its ability to pay. Investors and lenders lost faith. And just like that, the country collapsed.

The United States is treading down the very same path. No nation in the history of the world has ever racked up this much debt.

And here's the thing . . .

The U.S. is NOT Too Big to Fail

The consequences of what we face are enormous. At a 5% interest rate, the U.S. already must pay out $650 BILLION a year just to service the debt.

But even that figure is an extremely optimistic outlook.

The U.S. is expected to add another $10 trillion to the deficit by 2020. At that rate we would pay $1.15 trillion every year in interest payments alone!

The printing presses will be smoking day and night, driving the value of the dollar down.

We already saw the money supply inflated 135% just to bail out the banks and automotive industry. Just imagine how bad it will be when this turns into inflation at the grocery store, gas station, and on your utility bill.

And on top of intentional inflation, taxes will probably be increased by 50% across the board to attempt to curb our debt crisis!

In fact, it's already happening . . .

President Obama Will Usher in One of the
Biggest Tax Increases in History on December 31!

This is when the Bush tax cuts expire.

An immediate 10% tax increase will strike all income categories.

And for investors, it's even worse. The capital gains tax is expected to rise by almost 50% and the tax on dividends as much as 250%!

The Obama healthcare plan also calls for even more taxes, including a $28,000 tax increase for millions of Americans.

And now Obama is openly talking about a new "value-added tax" which would be tantamount to a national sales tax. It is clear that the mentality of both the Obama White House and the Pelosi-run Democratic Congress is pro-taxes.

Inflation and higher taxes, in my opinion, are nothing short of a War on Your Wealth!