If you’re an investor, there’s an important date coming up. You’ve probably read about it, but everything you’ve read is wrong – including what the actual date is!

I’m talking about the coming debt ceiling drop dead date, which Treasury Secretary Mnuchin says is September 29.  Mnuchin also says that, unless Congress acts on that day, the government will run out of money. At the same time, the government will have lost its ability to borrow money from the public to finance its ongoing deficits.

As I have reported in my Wall Street Examiner Pro Trader Federal Revenues report, the Treasury appears to have enough cash to last until mid-October, not September 29, as Mnuchin is threatening. There is some uncertainty, however, due to a large military pension fund payment that is legally required on October 2.

And on that date, you’ll see one headline that will be your signal to sell – fast.

In this column, I’ll show you exactly what is going to happen and when.I’ll also show why the analysts are completely wrong about the market’s direction.As we get closer to the real drop dead day I’ll show you how to position your portfolio for maximum profit during the crisis using my exclusive LAMPP indicator.

And on that date, you’ll see one headline that will be your signal to sell – fast.

First, here’s what’s really happening (if you ignore the hype)…

The Government Has Scheduled a Phony Crisis for September 29

Whether it’s September 29 or a couple of weeks later in mid-October, market analysts and the mainstream media are saying that once the government loses its ability to borrow the markets are going to tank.

But they’re wrong.On that date – September 29, or within a couple of weeks – the markets are more likely to begin a powerful rally. I’ll explain that in a moment.

The truth is that the crisis for the markets will begin on the date that Congress finally fixes the problem, not the day the government runs out of money.

As you know, the government runs considerable financial deficits every year. And it finances those deficits by borrowing.It borrows mostly from the public through sales of notes and bonds.But it also “borrows” from itself by moving cash around among internal accounts such as the Social Security Trust Fund, various government pension programs, and the like.

The total amount of money the government may borrow is limited by Congress – and they set that limit in a separate process from which they authorize spending money.So from time to time the government gets in a position where it is spending money but does not yet have permission to borrow the cash to support the spending.

Imagine if you set your family’s budget for the coming year at 120% of your income but didn’t check to see if your credit cards had a high enough limit to cover the difference.

That’s what Congress and the Treasury do each and every year.Well, now is the time when they must get an increase in their credit limit.But unlike the rest of us, Congress gets to set its own credit limit.It’s a phony emergency which Washington brings on itself and which Congress can resolve in a 20-minute vote whenever it wants to.