Economic Pain En Route with Joe Lombardi

Today, the Two Mikes again spoke with Joe Lombardi, the Founder and Managing Partner of
Iron Hawk Financial about the current state of the U.S. economy. 

As all of us know, Mr. Lombardi said, things are not good economically, and he said that over the next six-to-twelve months we are all going to feel even more pain. 

The Congress’s egregious and absurd over-spending has put America in debt to the sum of $35 trillion dollars, and in terms of unfunded liabilities Americans’ face another $218 trillion. Mr. Lombardi also suggested that people refrain from viewing view Bitcoin as being “too big to fail” because it is not, it was created by the U.S.

Government and the CIA and those entities will also decide how long it lasts. And there seems no limit to the fiscal irresponsibility of the both parties in Congress. In addition, he noted that car repossessions are also up about 300-percent over the past year. 

Faced with this kind of pending economic collapse, Mr. Lombardi suggested that citizens think about investing in mutual insurance companies as a means of protecting their money. He explained that, over the past 180 years, mutual insurance companies have come through all of the wars and economic downturns without having lost money. A person’s investments in these insurance companies also are easily accessible and tax free. 

There are not a lot of options for the average person to protect their money, but this is one that is available to all Americans and ought to be considered. Mr. Lombardi concluded by offering to send PDF copies of his three books – all focused on helping people to protect and increase their money -- for free to those who send an e-mail asking for them. The Two Mikes look forward to Mr. Lombardi return to the show.

--Iron Hawk’s website is https://www.ironhawk.com; Mr. Lombardi’s e-mail is
Joe@ironhawk.com; Mr. Lombardi’s podcast “Money Talk with Iron Hawk” can be listened at
7pm Eastern time on Tuesdays On Bushwick and Apple, and a weekly webinar is offered on
https://moneytalkwithironhawk.com/

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