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Biden's Student Loan Forgiveness Could BANKRUPT Your Retirement....
With Joe Biden now occupying the Oval Office, the Federal government will finally deliver on a progressive activist's dream come true. This time around, they want student loan debt forgiveness.
Student loan forgiveness will create a massive Trillion dollar currency bubble that is twice as big as the infamous subprime mortgage crisis of 2008. If enacted, it will immediately devalue the dollar, drastically shrinking your retirement savings and instantly skyrocketing the cost of goods in America.
Biden's Student Loan Forgiveness could BANKRUPT Your Retirement. Protect Yourself!
Chances are that you've worked your whole life to gain your wealth and savings. You advanced your career, paid your taxes, saved, invested and did everything you are supposed to as a productive American citizen.
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But times have drastically changed. In today's age of participation trophies and socialist agendas, no one wants to put in the work to get ahead. The Left wants everything handed to them for free. That includes not paying for the $50,000 student loan they signed up to pay. They would rather shift that obligation to you, the American taxpayer.
"Student loan forgiveness makes a mockery out of those who paid the bill" - Steve Forbes
A federal student loan forgiveness would not "wipe away" the debt of millions of borrowers. To do so would collapse the financial backbone of America. Instead, the outstanding student loans would be paid for with your tax dollars. This shifts the burden of repayment from the delinquent loan holder and puts the taxpayer and federal treasury directly on the hook to pay the bill.
Will Biden actually enact student loan forgiveness?
Joe Biden has emphatically confirmed that student loan forgiveness is part of his immediate plan. Kamala Harris and Alexandra Ocasio-Cortez (AOC) have doubled down on the statement.
The Senate's top Democrat, Chuck Schumer, D-N.Y., is calling on Biden to forgive $50,000 per borrower in the first month of his presidency. "All you need is the flick of a pen," Schumer said in December. "You don't need Congress."
What would student loan forgiveness do to the American economy?
Biden has promised a first stage "light" version of this executive order, giving an immediate $10,000 credit to each student debt account. While the rest of working America only receives a paltry stimulus check. Even at $10K per loan, the total cost to our government would be well over $400 Billion dollars added right to the Federal Debt. If Biden gets to $50,000, we will enter recession or even a much worse scenario. A devalued currency directly affects your life savings and retirement. Ultimately YOU pay the price for this reckless Biden policy.
It's important to protect yourself from outside influences causing harm to your retirement. You've already had to weather the storm of the Pandemic. You see what the lockdowns have done to businesses and the economy. Adding student loan forgiveness to the national debt will absolutely cause harm to your retirement. Red Rock Secured can help you to prepare yourself and protect your family from the next financial crisis wave when the dollar takes a $2 Trillion dollar hit.
At Red Rock Secured we convert vulnerable assets into policy-proof physical gold and silver so investors can enjoy a worry-free retirement, no matter what Biden and his accomplices enact. It may be too late to prevent damage to the nation's economy from Biden's gang of thieves, but you don't have to let it destroy your family legacy.
As tens of thousands of retirees have realized, the transfer is TAX-FREE and provides the secure feeling that comes with control over your own personal Gold IRA.
What's more, you may well be entitled to up to $3,500 in free gold or silver as a new qualifying account.
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