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Dear Newsmax Reader: Please find below a special message from our sponsor, American Silver and Gold. They have important information to share with you. Thank you. Newsmax.com Morgan Silver Dollars EXTREMLY FINE CONDITION $45.00 ea + S & H Order 100 & Get FREE SHIPPING $5 Gold Indian EXTREMLY FINE CONDITION $559.00 ea + S & H Order 10 & Get FREE SHIPPING CLICK HERE TO ORDER NOW Why Is Your Retirement Broken? The federal deficit problem is raging with the Fed printing $600 Billion, but there is another financial crisis regarding state and local governments. The media has failed to cover this crisis. In the last two years, since the “great recession” wrecked their economies and shriveled their income, states nationwide have collectively spent half a trillion dollars more than they collected in taxes. There is also a trillion dollar hole in their public pension funds. Whitney is afraid some local governments will get squeezed as states are forced to tighten their belts. She’s convinced that some cities and counties will be unable to meet their obligations to municipal bond holders who financed their debt. Earlier this year, the state of Pennsylvania had to rescue the city of Harrisburg, its capital, from defaulting on hundreds of millions of dollars in debt for an incinerator project. As you can see from this graph, customers who took our advice since 2000 to load up on silver have seen solid profits States have been getting by on billions in federal stimulus funds, but the day of reckoning is here. This intensifying debt crisis has Wall Street worried it could derail any chance of an economic recovery, forcing a depression. This will cost 1,000,000 public employee jobs and require another huge bailout that has Washington shaking in its boots. Respected Wall Street analyst Meredith Whitney believes no one really knows how deep the debt holes are. She and her staff spent two years and thousands of hours analyzing the financial condition of the 15 largest states. She wanted to know if states could pay back what they borrowed and the risk they pose to the $3 trillion municipal bond market, where state and local governments finance their schools, highways, and public projects. “How accurate is the financial information that’s public on the states and municipalities?” Kroft of 60 Minutes asked. “The lack of transparency with the state disclosure is the worst I have ever seen,” Whitney said. “The most alarming thing about the state issue is the level of complacency,” Meredith Whitney, one of the most respected financial analysts on Wall Street and one of the most influential women in American business, told correspondent Steve Kroft. Whitney made her reputation by warning that the big banks were in big trouble long before the 2008 collapse. Now, she’s warning about a financial meltdown in state and local governments. “It has tentacles as wide as anything I’ve seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy,” she told Kroft. Call Now and Order — you cannot afford to sit around and get slammed by this crisis that lies ahead. Gold & Silver is safer than CD’s, Stocks, or Bonds, Gold and Silver is safer than cash in the bank. CALL NOW! You are running out of time! Remember friend, the only thing worse than failure is regret when you’ve been warned! Call & Order Today! Don’t Delay... Call Now! This e-mail is never sent unsolicited. You have received this Newsmax e-mail because you subscribed to it or someone forwarded it to you. To opt out, see the links below. TO ADVERTISE For information on advertising, please contact Newsmax Advertising Sales via e-mail. TO SUBSCRIBE If this e-mail has been forwarded to you and you would like to sign up, please click here. Remove your e-mail address from our list or modify your profile. We respect your right to privacy. View our policy. This e-mail was sent by: Newsmax.com 4152 West Blue Heron Blvd., Ste. 1114 Riviera Beach, FL 33404 USA 1172557