THIS is Where the Next Debt Crisis Will Begin!

Many conservative commentators warn about America’s massive public debt — $22 trillion and counting.

President Trump says lower interest rates will ease the burden.

And virtually everyone says it’s a real danger.

They’re right.

But the United States is not where the next debt crisis is most likely to begin.

Nor is it Venezuela or Argentina. Although they are already mired in a debt crisis, their total debt load is too small to significantly impact the financial system.

In the global “most-likely-to-start-a-debt-crisis” contest, the country most frequently named by experts is Italy.

And they’re also right.

It’s the third largest economy in Europe, surpassed only by Germany and the U.K.

It’s the ninth largest in the world, bigger than the economies of Canada, Russia and South Korea.

And yet, among all major economies except Japan, its debt is the worst of all — nearly 135% of GDP.

In other words, all else being equal, even if 1% of Italy’s yearly output could be used to pay down its debts — something no one is talking about doing — it would take 135 years before it could be debt-free.

This is why The New York Times has reported that “sinking confidence in Rome’s solvency could cause financial chain reactions that would be difficult for governments and central banks to control.”

And it’ s why Euromoney has given Italy the lowest credit rating of any large economy in the world:

Based on the Euromoney Credit Ratings (ECR), Italy ranks lower than Portugal, one of the weakest economies in Europe.

It even ranks lower than Cyprus, where the most recent financial crisis was so severe, billions in depositor savings were confiscated outright.

Italy’s debt troubles are what’s largely behind Italy’s recurring battle with the European Union.

It’s what drives Italy’s never-ending political crisis.

And it’s likely to be the epicenter of the next European debt crisis.

What To Do

First, don’t assume Italy’s debt troubles will automatically trigger similar troubles in the U.S.

That IS bound to happen eventually. But the trend that predominates today is the same money tsunami we have been predicting since 2017:

• Savvy institutions and investors pull their money out of trouble spots like Italy.

• They move this fear money (flight capital) to safer havens.

• And among those safer havens are two major asset classes — gold and the stocks of large U.S. blue-chip companies.

That helps explain why gold has surged beyond $1,500 per ounce. And it’s also an important factor behind the Dow’s new all-time highs.

Second, do everything you can to prepare for the next big wave of the global money tsunami.

Third, to protect yourself from the devastation it will cause in some asset classes and to profit with the select assets that will benefit tremendously, be sure to be on hand when I release my new video and report “The Next Money Tsunami.”

Here are the details:

Just go to this website a few minutes before 2:00 PM Eastern Time this coming Thursday.

Good luck and God bless!

Martin Weiss, Founder

Weiss Ratings