As I mentioned last month in The Weekly Commentary, in my opinion, the US Government has been spending money on their “credit card” thinking it will never receive the credit card bill in the mail. But, that credit card bill is coming. When it arrives, a major financial crisis will unfold.

I am not forecasting the crisis to hit anytime soon. I reckon the crisis will not hit until 2015, plus or minus 2 years. And, I believe the stock market investment environment will be relatively attractive between now and then. But, watch out – investors must be willing to be tactical and shift their investments to a safe haven when the crisis does unfold.

Can the crisis be avoided? Yes, but time is running out. Federal, state, and local governments must take steps NOW to reduce their deficits. And that is NOT happening. In fact, just the opposite is occurring. Just last week, Treasury Secretary Geithner told President Obama debt expense is to rise to a record. Click here for details.