Steve Forbes is sounding the alarm about a massive financial meltdown heading straight for Europe. The respected businessman warns that countries like France are walking on thin ice financially. This could trigger a complete breakdown across the continent that puts America at serious risk.
European nations have been spending money like drunken sailors for decades. They piled up enormous debts even before the pandemic hit our shores. Now with inflation raging and interest rates climbing, these socialist governments cannot pay their bills.
This is what happens when countries choose big government over free markets. European leaders ignored the basic rules of economics and kept borrowing to fund their welfare states. They refused to cut taxes and slash regulations that would have boosted real economic growth.
When Europe cracks up financially, America faces grave security threats. Our NATO allies will be too broke and distracted to help defend freedom around the world. China and Russia are watching and waiting to fill the power vacuum that weak European nations will leave behind.
The Biden administration is completely asleep at the wheel on this crisis. Instead of preparing America for the coming storm, they keep pushing the same failed big spending policies. They want to raise taxes and expand government just like the Europeans did before their collapse.
History shows us what happens when major powers fall apart financially. The 1930s depression led directly to World War Two when weak democracies could not stand up to evil dictators. We cannot let that happen again on our watch.
American families need to understand that Europe’s problems will hit our wallets hard. When their economies crash, it will hurt our trade and cost American jobs. The stock market will tank and retirement savings will disappear overnight.
America must get back to the proven conservative principles that made us strong. We need massive tax cuts, less regulation, and sound money policies that Forbes recommends. Only by unleashing our free market system can we protect ourselves from the European disaster heading our way.
