Multi-millionaire and NY Times best-selling author Doug Casey says a very big and important institution – a cornerstone of the American economy – is on the verge of bankruptcy. TrumpHillz

In fact, he says this looming bankruptcy will likely affect anyone living inside U.S. borders in profound ways.

Why should anyone listen to what this man says?

In short, because since the late 1970s Casey has been making financial and political predictions with almost eerie accuracy. For example, he predicted the savings and loan bust, the meteoric rise in stocks, and the demise of gold prices of the 1980s…

MUST SEE: Casey Research Issues latest and boldest prediction yet

He’s one of the few analysts who accurately predicted the “dot-com” bust of the late 1990s… In 2005, he warned Americans of a major bubble forming in the real estate markets.

Now, Mr. Casey – a multimillionaire businessman and NY Times Best-Selling author – has issued another fascinating prediction, about a new and looming risk.

As Mr. Casey writes:

Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge.

It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.

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According to Casey, this event will have repercussions on everything from how and where you shop and seek medical care… to where you live, work, and even vacation… to how you invest and receive fixed income benefits, such as Social Security. It could even cause the U.S. Treasury to go bankrupt.

Billionaire Jeremy Grantham, co-founder and chief investment strategist of a Boston-based firm with $117 billion in assets under management has echoed Mr. Casey’s premise. He, too, says this next event will be “very different” than anything America has seen before.

I strongly encourage you to check out the write-up from Mr. Casey’s research firm on this situation.

You can access their full analysis, free of charge, on his company’s website, right here…