Biden’s outrageous new bailout--terrible for America?

Details Enclosed [The Daily Reckoning] March 17, 2023 [UNSUBSCRIBE]( Editor’s Note: At The Daily Reckoning we’re always looking out for special opportunities we believe you, as a valued subscriber, will want to see. Below you’ll find one from our partners at Altimetry Research. Please note that their opinions may differ from ours at Paradigm Press. Biden’s outrageous new bailout--terrible for America? Dear Reader, Joe Biden just went public with a bailout of Silicon Valley tech start-ups and venture capital firms. Get this: 5,000 tech CEOs begged the Biden Administration for it in a letter... And they got it! Now, they say it won't cost taxpayers a penny, but as David Stockman (a former White House Director of the Office of Management and Budget), said after the bailout was made public: "That's complete nonsense." Stockman says the FDIC (the federal agency that guarantees bank deposits) has the authority to raise insurance premiums sky-high on ALL OF OUR DEPOSITS. And as Stockman says, "That's a tax, folks!" Of course, the most important question now is: What's going to happen next? Well, another analyst with close ties to the Federal government (a forensic accountant named Joel Litman, who consults regularly for the FBI and the Department of Defense), says this is all leading to one big event that will not only surprise most Americans... [But have a huge impact on you and your money](. Litman says the big surprise is coming over the next roughly 20 months, and that it involves Joe Biden. Litman adds that the lead-up to this event could help many people make a lot of money. But... he says there's a huge downside too. ([He spells out the facts here]( Litman says that when this event takes place, it's going to get much, much harder to hold onto the money you make. I strongly encourage you to check out Joel Litman's new analysis, which explains what might be the most important event affecting you and your money over the next few years. We've posted Litman's analysis on our website- you can access it free of charge. [Click here to view now...]( Sincerely, Mike Palmer Senior Researcher, Altimetry P.S. Although it got almost no attention, a public document from a government agency outlined the specifics. You can see the critical part of the gov't document and its implications [here...]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@dailyreckoning.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your The Daily Reckoning subscription, you can ensure its arrival in your mailbox by [whitelisting The Daily Reckoning.](