Date: 2024-05-15 Page is: DBtxt003.php txt00016937
People with Opinions
Porter Stansberry
The Man Who Predicted the Collapse of GM, Fannie Mae, and Freddie Mac … Reveals America’s Next Big Bankruptcy—and How it Will Affect You
Peter Burgess
Reveals America’s Next Big Bankruptcy—and How it Will Affect You
Dear Reader,
No one believed Porter Stansberry years ago when, long before just about anyone else…
He accurately predicted that the world’s largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
Alexandria Ocasio-Cortez Image: Senate Democrats, Wikimedia Commons
Alexandria Ocasio-Cortez, U.S. Representative for New York, is part of a growing socialist movement brewing in America. Read on to learn how it might affect you, your family, and your money.
And no one believed him when he said GM and Gannet newspapers would fall apart... or that the same would happen to General Growth Properties (America’s biggest mall owner)... or that oil would fall from over $100 to less than $40 a barrel, devastating millions in the oil industry. But in each case, that’s exactly what happened. And now, Stansberry says there’s something new and potentially terrible unfolding in America: In short, he says: The “enslavement” of millions of Americans--and the biggest wealth gap in the history of the Western world--is leading to a political event unlike anything we’ve seen in our country in more than 50 years. Stansberry says there’s a surprising twist to this event… which will dramatically affect you and your money. And incredibly, it looks like Stansberry is going to be right… yet again! In fact, on April 22nd of this year, NBC News, CBS News, the Chicago Tribune, the Washington Post, the Los Angeles Times, the New York Times, and many more of America’s most powerful media outlets ran stories about exactly what Stansberry is predicting! In fact, Stansberry is so concerned about what’s about to happen in America, he’s just finished an incredible book outlining what he believes is America’s inevitable future. I finished reading this book and I can tell you it is a must-read book—it’s the only volume in America today that explains what’s REALLY going on in our economy and our society… with specific details on how it all could affect you. Let me tell you more--because what Stansberry is predicting has far-reaching consequences, and could dramatically alter everything… From where you vacation, to how you save your money… from your retirement, to your kids and grandkids education. Why are so many Americans so angry? As Stansberry explains it, we've hit a serious tipping point in America today. Our nation, as I'm sure you've noticed, has become a financial, cultural, and demographic pressure cooker. You’ve seen it in the riots and protests in Charlottesville, Ferguson, and Milwaukee. I’ve seen it in my home town of Baltimore. You saw it in NFL players refusing to stand for the national anthem... arguments about 'The Wall' and immigration... and in the growing popularity of radical fringe groups like the White Supremacists and Black Lives Matter. Vice President Mike Pence attending an NFL game VP Mike Pence walked out of this NFL game. What are these protests really about? And what's coming next? The answers are below... Stansberry says these uprisings and protests may be nominally about race. Or Donald Trump. Or police brutality. But what they're really about, underneath it all, is money... and hopelessness. And this, according to Stansberry, is what's driving so much anger, radical politics, and the growing racism in our society. In American today… some people—like CEOs, tech entrepreneurs, and other members of the '1%'—are doing great. In fact, there's never been a better time for wealthy Americans. But the truth is, for most people, the economic situation is getting worse. In short: While the rich are getting richer, everyone else is actually losing ground. Look at this chart from Stansberry’s new book, which shows how for most Americans, real wages have been stagnant or falling for decades... Most Americans are Getting Poorer: Cumulative change in real wages, by wage percentile Most Americans are Getting Poorer Source: Economic Policy Institute. I’m sure you’ve seen this firsthand, just like I have. America’s middle class—the most politically and economically stable part of our society—is disappearing. The foundation of the middle class in America was a long history of consistently rising wages. For millions of Americans, life got a little better, year after year, as the value of their wages increased and our economy grew into the world's largest. But this is no longer happening. According to Stansberry, low income earners now make LESS in real terms than they did in 1980! And middle income earners make just 6% more than they made back in 1980. That's an increase of just 0.00172% a year! Can you imagine your boss telling you for 34 straight years that you're never getting more than a 0.00172% raise each year? No wonder people are so angry and stressed! They've been going to work, year after year, but instead of earning more over time, they've actually been earning less, in terms of what their wages can buy. Despite the boom in the U.S. economy and financial assets over the past 30 years—which boosted the wealth and incomes of the wealthiest Americans like never before—average Americans are now worse off than they were decades ago. And so, Stansberry says, they've been forced to borrow more and more money simply to keep up. You can see that in the data—and Stansberry shows plenty of that. But like me, you probably don't even need to see the data. Just think about your friends and people you know, and how much more debt these folks have to take on, just to keep their heads above water. It used to be that most Americans didn't hold debt, outside of a mortgage on their first home. But after almost 40 years of declining real wages, Americans now have to go into serious amounts of debt for just about everything they buy. Americans now have more than $1.5 trillion in college debt, for example. Look at this incredible chart Stansberry presents... The Incredible Rise of Student Loan Debt in America The Incredible Rise of Student Loan Debt in America Source: Federal Reserve. And it's not just college loans that have soared. Americans also have more than $1 trillion in credit card debt, and more than $1 trillion in auto loan debt—all record highs. It's gotten so bad, 73% of Americans now die with debt... with an average total of more than $60,000! Being in debt is an incredibly stressful way to live. You're in a hole and there is simply no way out. So it's no surprise that deaths by drugs and poisoning for the bottom 60% of American's population have doubled since the year 2000... and suicide rates have doubled as well over the same period. This is incredibly sad—and it's unfathomable that this is happening in the greatest country on earth. Unfortunately, says Stansberry, the problem is going to get much, much worse. You see, tens of millions of people in America are desperate. They have no way out. And sooner or later this hopelessness and desperation are going to lead to violent and radical politics. And this enormous political powder keg, according to Stansberry, is leading to THE biggest political event our country has seen in decades. Get ready America, The Jubilee is coming Already, millions of Americans are calling for the government to 'do something to fix our economic inequalities.' The calls for higher tax rates on the wealthy are just the tip of the iceberg. Here’s what’s coming next... Stansberry says the bigger step, which has been mentioned and endorsed by many of the most powerful people in Washington, is to “clean the slate”... to wipe out debts and 'reset' the financial system. The crowds are cheering for this message like never before. The violence will escalate. Our politicians are now promising this reset of the financial system as a way to a 'new and better prosperity.' And while it might sound like good news to those who have gotten in over their head—what will really happen, says Stansberry, is a national nightmare. You see, this idea of erasing debts to reset the financial system is not new. In fact, in the Bible, it's referred to as a 'Jubilee.' If you're unfamiliar with the term, it comes from The Old Testament, the Book of Leviticus, Chapter 25. A Jubilee in the Jewish tradition was said to occur roughly every 50 years. It was a time for total forgiveness of debt, the freeing of slaves, and the returning of lands. Pope Boniface VIII proclaimed the first Christian Jubilee in 1300. And according to Stansberry, since then, it's been used dozens of times, when anger among a population hits extreme levels, typically because of an explosive divide between the wealthy and the working class. Now, millions are calling for a new Debt Jubilee here in America. Folks like Carmen Reinhart of Harvard University and Stephen Roach of Yale have advocated for a Debt Jubilee in one form or another. So have financial pundits Barry Ritholtz and Chris Whalen. In Congress, more than a half-dozen Jubilee-style laws have been proposed, by folks such as Rep. Kathy Castor and Senator Bill Nelson from Florida. And many of the most powerful left-wing economic 'experts' are calling for a Debt Jubilee by name... London School of Economics Professor David Graeber says: 'we are long overdue for some kind of Biblical-style Jubilee... it would relieve so much genuine human suffering.' The national affairs correspondent for The Nation says we should: 'Think Jubilee, American Style... because it combines a sense of social justice with old-fashioned common sense.' Paul Kedrosky, a senior fellow at the Kaufman Foundation (a liberal think tank), says: 'we need a fresh start, and we need it now... we need... a Jubilee.' As a Slate Magazine reporter recently wrote: 'Come 2020, at least one major Democratic candidate for president is going to campaign on outright canceling a boatload of student debt. You see, today, for millions of Americans, there's no more powerful political promise than a Debt Jubilee. Politicians will soon be promising it all... I will wipe out your debts. I will allow you to start fresh. I will reward all of your bad decisions. I will solve America's massive income inequality. Who will pay for it? Stansberry says there's only one option: You, me, and millions of Americans with pensions, retirement accounts, and other types of savings. Just as in the past, Stansberry says the folks in Washington will disguise this Jubilee under a different name. They might call it a 'National Restoration' or 'Patriotic Solvency.' They'll pass an 'Act' like they did in 1841... or invoke an Executive Order as was done in 1933 (Executive Order #6102)... or simply issue a mandate to the Secretary of the Treasury (which they did in 1971). But it all means the same thing. The Jubilee will redistribute hundreds of billions of dollars from those who have invested and saved... to those who can no longer pay their debts. So what does a Jubilee look like in the real world... how will it unfold in America... and what will it mean for you, your money, and your retirement? Well, that's why Porter Stansberry and his team, who have done more work on this subject than anyone else in the financial industry—and have just finished what could become the most important book in America over the next few years. Stansberry says that what's coming next in our country will be a lot worse than the tech crash. It will be a lot worse than the mortgage crisis too. And he says no matter how sound your financial footing, this is the most important issue facing you and your money today. That's why he put together our brand-new book: The American Jubilee. It's a compilation of his firm's best research and recommendations on this subject—and it's not available in any bookstore. This book explains in great detail how we got to where we are today. It explains the history of financial Jubilees in America and elsewhere around the world. And most importantly, it explains everything you need to know and what to do to prepare for the first Jubilee in our country in nearly 50 years. What will this Jubilee mean for you and your family? What's interesting is, around the world today, the idea of a Jubilee has become the de facto solution for extreme financial problems... when debts can't be repaid. Iceland used a Jubilee to restructure mortgages that were underwater. Croatia used a Jubilee in 2015 to wipe out millions in consumer debt. Japan is doing the same right now with nearly half its national debt. Hurricane Maria The idea of a debt Jubilee has become the de facto solution when debts can't be paid. President Trump proposed exactly this after Hurricane Maria. President Trump has suggested a Debt Jubilee for all of Puerto Rico's bond debt after Hurricane Maria. After studying hundreds of years of financial history, Stansberry says America's upcoming Jubilee will strongly resemble the one that took place in our country way back in 1841... Back then, the laws were temporarily changed, so debtors could be discharged of their debts... without the consent of the creditors. Over a period of 13 months... more than 40,000 people wiped away their debts before the act was rescinded. But of course, this time around, according to Stansberry, the Jubilee won't be tens of thousands of people like it was in 1841... it will instead be tens of millions of people, and trillions of dollars. Now, if you don't think a debt Jubilee is possible in America, Stansberry says you haven't studied U.S. history... and you aren't paying attention to the current political climate... One recent poll of Democrats showed a whopping 66% in favor of canceling student debts. And when you look at the staggering figures behind student loans alone, you can see why... Over the past ten years, students (most of whom are young and have virtually no income) have racked up enormous debts, which currently total about $1.5 trillion. Incredibly, that's what our entire federal government owed a little more than 30 years ago. And these debts have ballooned to absurd amounts. The number of students with debts over $100,000 has quadrupled in the last ten years. Stansberry says most of this money will never, ever be repaid. And most Americans don't realize that the Millennials (who hold nearly 65% of this debt) are now our country's largest generation, outnumbering Baby Boomers. Just think about the political implications... These people have an enormous stake in whether or not a national Debt Jubilee is declared. As Stansberry explains in his book: When the rich—a very small percentage of the population—get in trouble with debt, it's an economic problem. But when the poor and middle class—a huge percentage of the population—get in trouble with debt, it's a political problem. And there will be major consequences... According to Stansberry, millions of investors, pensioners, insurance customers, and creditors will lose a fortune. Stocks will collapse. Dozens of companies will go bankrupt. In fact, Stansberry gives one quick example of how this problem will affect EVERYONE in America... Do you remember during the last crisis... the mortgage crisis... how many lenders never bothered to verify the income of people they were lending money to? Some referred to these as 'Liar Loans,' which allowed borrowers to make up whatever income figure they wanted... and get a much more expensive house than they could realistically afford. Well... believe it or not, the same thing is happening again right now with auto loans. One company Stansberry has written about more than a dozen times has made an extraordinary number of these 'Liar Loans' for cars. And a recent Bloomberg story says this firm verified the income on only 8% of the loans they made! And guess what... Just like the mortgage crisis of 2008, these loans have been packaged up into what are known as 'Asset Backed Securities,' and sold to hundreds of mutual funds, insurance companies, investment firms, even state pension plans. The financial lawyer on Stansberry's research team found more than 120 entities that own these dangerous 'Asset Backed Securities.' I'm sure you'll recognize the names: JP Morgan Chase TIAA-CREF The State of Florida Blackrock Vanguard Group T Rowe Price Wells Fargo UBS Pacific Life Insurance Company Prudential Financial Hartford Financial Group Swiss RE Transamerica Investment Services Allianz SE Deutsche Bank MMM Healthcare Macquarie Group Goldman Sachs Invesco LTD Bank of New York Mellon Eaton Vance Regions Bank Zurich Global People's United Bank Franklin Resources Massachusetts Mass Mutual Insurance. Merrill Lynch When the Debt Jubilee arrives, Stansberry says the problems with all this bad consumer debt will hit at once. Everyone will freak out. And that's the biggest problem, says Stansberry—the uncertainty. No one will know for months how it will all get sorted out. So the markets will react violently. In The American Jubilee, he'll show you the various ways it could play out. One proposed scenario, for example, comes from Rob Johnson, a former banker, who now runs the Institute of New Economic Thinking. He says: 'You call a month-long bank holiday for the twenty largest banks, and that holds everything in place while the regulators mark down the assets and see how everybody's losses will affect everyone else. 'Then you wipe out stockholders, wipe out management, possibly some of the unsecured debt... Once everybody has taken their hit and you've wiped out existing stockholders, then the government comes in and properly, transparently recapitalizes all of them. As these new institutions gain a footing, eventually they can be sold back to the private market.' No one can know exactly how it will be done, but through one mechanism or another, the government will seek to reset the financial system... and they will start by wiping out trillions of dollars in bad debt. Car companies, homebuilders, credit card companies, insurance firms, banks, other lending institutions, and any business operating with leverage, will take a huge hit. Stocks will fall considerably. Banks will close. There will be hundreds of billions in losses. In fact, at the end of the day, Stansberry believes the losses at an institution like Wells Fargo could be enough to start a bank run. And this brings me to... What can you do to prepare? In Stansberry's fantastic new book, The American Jubilee, you'll learn everything you need to know to prepare for this tumultuous time... First, you'll get the ultimate guide to understanding EVERYTHING YOU DO NOT want to own as America's Jubilee unfolds. This is important, because Stansberry says there will be huge losses. He points to a Harvard study shows how during a Debt Jubilee in the 1930s, the U.S. government's radical changes in the financial system took more than $700 million in a single year from one segment of the population. Another change caused millions of Americans to lose 69% of their savings, practically overnight. In The American Jubilee, you'll learn not only what happened in the 1930s... but also what happened during two of America's other Jubilees, in the 1840s and 1960s. And you'll learn how other countries have implemented Jubilees of their own... For example, Stansberry shows how, in 2015, the Croatian government used a Jubilee to erase more than $20 million in debts for 60,000 people. This was money owed to banks, telecom operators, municipal authorities, and utility companies. Apparently, not a single person or investor was refunded for their losses. And it's probably no surprise that the stock market went down significantly over the next year. Croatian Stock Index (Jan 2015 – Jan 2016) Croatian Stock Index Keep in mind, the money that Stansberry predicts will be written off in America's upcoming Jubilee will likely be 100,000-times higher than what we saw in Croatia (around $2 trillion compared to $20 million). He has an in-house research team of two accountants, a financial lawyer, and a half-dozen analysts. And they've done more work on this subject than anyone else. They've studied thousands of companies. Theyve looked at 40,000 corporate bond offerings. And in The American Jubilee... They'll show you the 50 most dangerous companies in America today. There's a good chance you own one of these firms. (page 44) They'll show you which investment sectors to avoid. (page 43) They'll show you a critical move you absolutely must make in your bank account. (page 47) They'll show you what you absolutely must do with your retirement account (like a 401(k)). (page 53) If you do nothing else, please pay attention to their warnings. There's an entire section in this book called: The Safety Fund. As the next Debt Jubilee unfolds, Stansberry says he wants to make sure you know about the small group of stocks you can safely hold, with as much of your investment portfolio as you want. You see, during the market crash of 2008, a small handful of stocks did not fall at all—they actually went up. These companies they profile are the most financially stable companies in the world, and they also produce extraordinary returns. One has gained about 200% over the last five years. Another has gained 600% over the same period. The full list and everything you need to know all starts on page 57 of Stansberry's new book: The American Jubilee. There's so much more you'll learn too including... How financial Jubilees unfolded in America during the 1930s and the 1970s. What laws were passed... how it affected regular folks like you and me, and how some assets soared thousands of percent during these periods. (page 7) The four warning signs to watch for to know when the next Jubilee announcement is imminent. (page 1) The one financial asset you must have to survive the next crisis. There's no telling how bad social unrest may be. This strategy was taught to Stansberry by one of the richest and most successful men in America during a crisis in South America. This secret costs you almost nothing but could save your life. (page 82) The incredible way the U.S. government took nearly 69% of Americans' hard-earned savings, practically overnight, during a previous Jubilee. (page 7) A unique way of owning U.S. currency that will soar in a crisis. This is a clever way of holding real U.S. money. But you can't get this money from your bank. In 2009, during the last big crisis, it went up 50% in a single year... and could easily soar 500% during the next financial crisis. (page 105) Why the debts Americans owe today on college, autos, and credit cards are actually much more dangerous than the money owed during the mortgage crisis of 2008. (page 27) And much, much more... including how one neighborhood survived extreme conditions after hurricane Katrina (page 85)... how to buy the world's 'Trophy Assets' when they are selling at fire sale prices (page 130)... and a secret way to get some of your money out of the U.S. financial system, without having to open an offshore checking account or anything like that (page 88). The American Jubilee And here's the best part: You’ll pay just $5 for a hardback copy of Stansberry's new 266-page book. They'll even cover the shipping costs. (You can get your copy by clicking here.) Already, more than 100,000 people have purchased a copy of this book, directly from Stansberry's firm... and the feedback has been remarkable... John H. says: “Just wanted to say that your recent book, The American Jubilee, is fantastic! The most compelling and timely work I have read since Thomas Paine’s Common Sense. A must-read for anyone who cares about our nation’s future.” Roberta W. told us: “I received your book, The American Jubilee, today and can't put it down. It is easy to understand and so interesting. Thank you for writing it and making it available.” And Anthony F. said: “Thank you Mr. Stansberry for your book, The American Jubilee, the best contemporary book I have read on the economy. In fact the book is more like a public service, for people who are trying to live on our savings and investments — GOD BLESS.” Now look... what Stansberry describes—a national Jubilee which could wipe out trillions in debt from irresponsible borrowers, while robbing millions of Americans of their legitimate savings—is EXTREMELY controversial. I know there's sure to be a legion of 'experts' who will be trotted out on MSNBC and CNN to discredit Stansberry and his firm. And even if he's only half right, this will mean HUGE changes in America. That's why this book is a must read! And remember... No one believed Stansberry back in 2006, when he said the two biggest mortgage companies in America (Fannie Mae and Freddie Mac) would go bankrupt. But he was featured in Barron's when it was clear his prediction was coming true. People thought Stansberry was crazy when he made similar predictions about General Motors. But again, that's exactly what happened. Few believed him when he said America's biggest mall owner, (General Growth Properties) would collapse. But then it did. Just as these events were inevitable, says Stansberry, so is America's next Debt Jubilee. Huge losses are coming. Economists know it. Most of the senior leaders in Washington know it too. But what can our leaders do? The crowds are only going to get angrier and more violent. A Jubilee that wipes out the debts of millions of the working poor and resets the financial system, according to Stansberry, is the only answer. Get the facts for yourself. Learn what you can do now. Today, you can get a hardback copy of Stansberry's great new book, The American Jubilee, for just $5, and that includes shipping. Why are we doing this? Well we've been in business for nearly 20 years... and we now help more than 300,000 individuals in nearly every country on earth. Today, we want to introduce you to the work we do with a very low cost sample. If you like Porter Stansberry's new book, great. I hope you'll become one of our long-term customers. If not, no problem. Get the facts for yourself today. Get a copy of The American Jubilee in your hands right away. Again, it will cost you just $5. And we'll cover all the shipping costs to get this hardback book delivered to your front door. Please keep in mind your $5 payment is non-refundable. Because we are giving this book away at such a heavily-discounted price, there are no refunds or exchanges. To get started, simply click here... or on the ORDER NOW button below. 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