I first wrote about Porter Stansberry when he was on with my friend Doc Thompson way back in 2011. CLICK HERE to review that article titled The Cannibals of the United States: Sacrifice the RICH!!! He has accurately predicted many financial crises over the years and it would be useful to hear him on with Doc comparing what we know today with what he said only four years ago now that the extent of the Greek markets are known and how that will directly translate over to the United States. There is an economic crash on the horizon in America due to the grossly mismanaged government that has delivered us all to this precipice and it’s time to have a reasonable discussion about how to protect your assets during that inevitable destruction which Stansberry has published in America 2020 – The Survival Blueprint found at the following link.
To make all this information just a bit easier to understand I have edited the pertinent issues Stansberry stated on the linked article:
What we are witnessing in America today is unprecedented.
Our government has embarked on a gross, out-of-control experiment, expanding the money supply 400% in just six years, and more than doubling our national debt since 2006.
It took our nation 216 years to rack up the first $8.5 trillion in debt… then just 8 more years to double that amount.
And this is precisely why so many questions about the economy and our future remain. For example…
Why has there been very little inflation thus far? How will we possibly pay back all this debt?
And of course, perhaps the most important question of all: Why has nothing “bad” happened after our government printed more than $4 trillion new dollars out of thin air and borrowed $9.4 trillion more?
Well, as someone who has been investigating this situation closely for years, who has built a $100 million business by capitalizing on expertise in finance and accounting… I am here to tell you with 100% certainty:
America is in for some major changes to our economy, our country, and our very way of life over the next five years.
The way you live, work, travel, retire, invest… everything is going to change. Some of it in ways most people would never expect.
Some time in the next few years, we will experience a “new” crisis of epic proportions.
We’re going to have a major stock market crash – and it will be worse than the one we experienced seven years ago.
We’re going to have a currency crisis too – because investors and governments around the world will realize the U.S. dollar is not the safe haven it once was.
Sooner than most people think, we’ll see the U.S. dollar lose its “reserve currency” status, and this will make it much harder for our government to borrow money, and have our military stationed in more than 150 countries.
We’re going to have massive changes to our retirement system and Social Security. We’re likely to see huge tax increases and even a “wealth tax,” which levies a fee on all your savings and any assets of value.
We’re going to see all kinds of new laws and rules about what you can do with your money, just like House of Representatives bill H.R. 2847, which went into effect July 1, 2014. This law made it extremely difficult, if not possible, for the average American to get some of their money out of U.S. dollars, and into more stable currencies via foreign banks. In the months and years to come we’re going to see more and more of these “capital controls” placed on our personal savings… We’re going to have a massive inflation – when the trillions and trillions of newly printed dollars begin making their way into the economy.
We’ll also witness major changes to the very fabric of our society. Destroying a nations’ money in this manner wrecks businesses, friendships, and families, who simply don’t understand and aren’t prepared for what will happen.
The next phase of this crisis will threaten our very way of life.
The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement.
It will change everything about your normal way of life: Where you vacation… where you send your kids or grandkids to school… how and where you shop… the way you protect your family and home.
* Roughly 75% of Americans are living paycheck to paycheck, with essentially zero savings, according to a recent study by Bankrate.
* The “labor force participation rate” (basically the percentage of able-bodied people who are actually working) has fallen every year since 2007 and is at its lowest level since the 1970s. (Source: The U.S. Bureau of Labor Statistics)
* How can things really be “normal” in America, when the number of people on food stamps has basically doubled since Barack Obama took office… and when HALF of all children born today will be on food stamps at some point in their life?
Yes, you read that correctly: Roughly 50% of all children born in America today will be on food stamps at some point in their lifetime. Does that sound “normal” to you?
* Can our country really be back to “normal” when, according to the most recent numbers from the Census Bureau, an incredible 49% of Americans are receiving benefits from at least one government program EVERY SINGLE month?
* Or when 52% of all American workers make less than $30,000 a year?
* Can things really be “normal” in America when at one point, a single U.S. government-controlled agency (the Federal Reserve) was purchasing up to 70% of the bonds issued by the U.S. Treasury – simply by creating money out of thin air?
* Or when the “too-big-to-fail-banks” that got bailed out in 2007 are actually 37% larger than they were back then?
To make matters much worse I’d refer you dear reader to another article I wrote way back in 2011 and listen to the audio clip of Darryl Parks that I have put there for posterity. The article is called The Harsh Reality of the World Economy: Learn about money and why you may be a looter. In that article Darryl Parks who used to be a key high level executive for Clear Channel and had access to all types of wonderful fiscal policy minds that normal everyday people don’t have the opportunity to know, revealed some truly mind rattling information. There are currently roughly 7 billion people on planet earth. 5 billion of those people over 15 years of age. 3 billion of those people are interested in working. There are only 1.2 billion jobs on the planet. 3 people are going for every one job around the world, and most of those jobs are in the United States—or are directly in service to the economy of America. For instance, many of the manufacturing jobs in China serve American needs for products, and those needs are fueled by Western wealth. That wealth was created by the capitalist means of economic growth. To keep products more affordable, lower cost labor is needed which is why jobs are moving overseas. The markets around the western portion of the Pacific Rim are being driven still by American necessity even if the direct labor has transferred from one location to another. To fill that job growth void in the original economy of America, people have grown accustom to debt and duel income households which has run its course to the limit and is set to collapse on itself, ethically, economically, and move beyond its buoyancy. Once America hits that point, many of those foreign jobs will dry up, and a global collapse well beyond the imagination of the average person will be at hand. The only reason it hasn’t happened yet is because that buoyancy is being sustained by incredible levels of debt.
Some of that activity is orchestrated by people like George Soros. He certainly isn’t the only one, but he has helped to topple these global economies in a direction he will profit from both financially and ethically. The world will lean toward global socialism as a short term attempt to stay floating just a little longer, but governments are terrible at creating jobs, and people like Soros will take their billions and flee to a Caribbean island to live out the rest of their days in comfort and isolation. The rest of the world will choke. The real money men who actually create jobs from scratch and not just by moving investments around are the ones who are most needed to increase those jobs numbers. Government can only make jobs with confiscated wealth, and if there is no wealth to tax, those jobs go away too. So jobs have to be made with real manufacturing of actual goods that the world needs and desires. A capitalist focus on increasing that 1.2 billion number must come into play, and until it does, many will suffer on planet earth.
So dear reader, we have been together for a long time. You have read many words here, and the time has come. If you want to survive, protect your assets by listening to Porter Stansbery. Only by protecting yourself can you hope to pull the world from the brink at the reset point and be one of those who make the 1.2 billion jobs that actually put people to work. If the human race is to survive, it needs to expand capitalism to unprecedented levels and not be satisfied with 2 billion created jobs, but perhaps 3 to 5 billion that by default would have to be filled by artificial intelligence because there aren’t enough workers over age 15 to fill the vacancies. That is a problem we want to have. But from now until then, you have to survive, and I’d recommend you follow Porter Stansbery to your own salvation. You might also consider voting for Donald Trump by putting a no-nonsense businessman in a position of government to try to save our present world, and by also getting behind regenerative growth technology to alleviate the future effects of the collapsing Social Security system and the health care industry.