What a difficult day to attempt to write, with the recent news of bombings in Brussels and 34 reportedly killed and hundreds wounded. Our thoughts and prayers are undoubtedly with all who were directly impacted by these acts of terror.

Reflecting on global events was very much on my mind today. Staying up to date with the news and having the privilege to talk to some of the smartest people in the world about the economy, the understatement of the day would be that things don't look good.

People are hoping for change to come with a new president, and there is no doubt that things can certainly be done to help head in the right direction. Border issues, entitlement problems, Obamacare disaster policies, and more are just a few things off the top of my head that are killing the economic engine. Regardless, the next president is going to be dealing with central bank agenda and an out-of-control debt situation that will not get taken care of regardless of who gets elected.

Obama started his presidency with a $10.6 trillion national debt, and with just about 230 days left in office, there is a good chance that the debt will be north of $20 trillion by the time he is out. With the current number just over $19.1 trillion, and the government telling us there is only a half-a-trillion dollar deficit. This might not make much sense, but neither did the government adding $339 billion to the national debt one day after the budget deal was signed in November 2015.

A chain of events that would cause this number to skyrocket could be triggered by a stock market crash, war, deeper global slowdowns, and government interventions.

The bubble burst from 2008 has reflated and will burst again.

Why I Care...

Sometimes I wish I could just be oblivious to all of this and have a normalcy bias that says everything is fine and will always be fine. But then I'm reminded of Jim, a subscriber who told me his story about how he had to watch his house fall in price by 50% after buying at the absolute peak in 2005. Without going into great detail, his life was flipped inside out from job loss, to his wealth evaporating, and a personal depression that changed his life. He was living with a normalcy bias and had no clue what was coming. The writing was on the wall then, and it's on the wall now.

Today, after being a member of Crush The Street for the last 4 years, Jim has been paying his debt off and just started purchasing precious metals, among other things. To say the least, he won't be surprised by the massive debt bubble that is going to pop, and will be part of the wealth transfer that those of us in the know are expecting here going forward.

What to do?

Honestly, following the political and financial scene is messy and complicated. From my experience as someone who is as immersed as anyone else in the day-to-day news, the best way to get through the mess will be to prosper. Money isn't everything, but having none and losing will make you wish you were more prepared.

Focus on your savings, focus on your business, own real assets, and thrive. Waking up each day in fear is no way to live your life. If you can insulate yourself from the pits of global mismanagement, you can advance with confidence and peace of mind.