This video below is a bit long and they are selling something at the end, but it is very informative and if you want to protect your assets and your future, I suggest you give it a listen. Here is a summary:
The author suggests that we are on the verge of another financial crisis. This crisis will be caused by a massive devaluation of the US dollar as the reserve currency of the world. This will be devastating to anyone holding US dollars. He suggest moving our cash out of the USA and buying gold and silver. His arguments are sound and we should all take caution. I don't like how he wants to sell his newsletter and the end, but besides that I cant find any flaws in his main arguments.
If you think the government can do something, it cant. The path has been set and there isn't much Congress can do. They can only continue to borrow money to pay for more spending. As the author said, even if they double tax rates, it still would not be enough to cover our plan spending. So printing money is the only option.
Keep in mind, the government cant really print money. So they have to borrow money with bonds from the Federal Reserve Bank and the Federal Reserve 'prints the money' for any bonds that cant be sold off. Well, the foreign countries that have been buying our bonds, are scaling back because they see the long term risks.
Would you want to buy bonds from any country that is running huge debts and devaluing its currency. Of course not, it means that your investment would be worth less in the long run. You only want to invest in bonds where the currency is stable and still has purchasing power in the future.
The only reason that our currency has not collapsed yet, is because it is still the reserve currency of the world. Once countries decide to not use the US dollar as the reserve currency, then the downward spiral will begin. The government will deny this, but it has already happen in England. Britain's Sterling was the reserve currency of the world until 1970s. Then when England issued to much debt and spent to much on its people, the world went the the US dollar. It was bad times in England during the 70s and its about to happen to the USA.