When Porter Stansberry first predicted the mortgage banks collapse in the 2008 crash, no one could believe it. Today he says that the worst is yet to come in the next big political event.
Years ago, Porter Stansberry accurately predicted that the world’s largest mortgage bankers (Fannie Mae and Freddie Mac) would go bankrupt, that General Motors (GM) & Gannet newspapers would fall apart, and oil would fall from over $100 a barrel to less than $40 devastating millions in the oil industry.
Today, the same man is revealing that the worst is yet to happen in the next big political event, even worse than the mortgage crisis.
The coronavirus pandemic, political turmoil, and failing economy have already caused a significant divide, however, the upcoming election and the biggest wealth gap in the history of the Western world–is further leading to a political event, unlike anything we’ve seen in our country in more than 50 years.
Americans, you better get ready because this will affect you and your money.
Our nation has become a financial, cultural, and demographic pressure cooker – ready to burst at any minute. We have seen it at the latest riots and protests, even previously in sports. While a few believe it to be about race, religion, and politics, the majority of America is certain that it has all to do with money and power. The rich are getting richer; and most certainly, the poor are getting poorer.
The national debt has increased to the point of no return and we are heading towards a big financial breakdown unlike anything ever seen before.
With millions of Americans calling for the government to fix our blatant economic inequalities, the disproportionate tax rates are just the tip of the iceberg. The national debt is so astronomical that no action other than the debt jubilee can be seen as a solution.
According to Stansberry, the debt jubilee is a necessary step to “clean the slate,” wipe out debts and “reset” the financial system – a move mentioned and endorsed by many of the most powerful people in Washington. It will be introduced in a disguised name such as the “National Restoration” or “Patriotic Solvency” and will deprive the dollar of any currency power.
In the event of a political turnover after the election, it will be the perfect opportunity for the new regime to introduce the new replacement. Soon to happen, leaving our nations’ citizens in a financial nightmare because those who would pay for it are the millions of Americans with pensions, retirement accounts, annuities, and other types of savings.
Investors who have been proactive about securing their retirement savings can rest easy knowing that their money and assets are safe but what about those who haven’t? More and more people have been diversifying their portfolios to hedge against inflation in a volatile market. Some of the more popular methods have been diversifying with safe-haven commodities such as natural resources, renewable energy, and precious metals. Gold and silver in particular have been rising in popularity from the everyday investor to the billionaire like Warren Buffett, whose just last month took over 26% of his funds out of banks like Goldman Sachs, JP Morgan, and Wells Fargo and put $565 Million into Gold.
The easiest way to invest in gold and silver is rolling over an existing retirement account such as an IRA or 401K to a self-directed Gold IRA to maximize profit potential while minimizing risk, especially in an unstable economy.
There are 3 Key Benefits to preserving your wealth and securing your assets with proven safe-haven commodities such as gold and silver:
- Diversification: Diversification is the only way to secure wealth by reducing overall volatility and risk
- Profit Potential: Since the 2008 financial crash, Gold’s value increased by over 250%.
- Tax Benefit: Grow and protect your retirement on a tax-deferred, or tax-free basis
You can’t afford to wait and see how this pans out. None of us expected the turmoil perpetuated by the spread of Covid-19 so do you really want to leave your life savings vulnerable to more volatility in the market and a dwindling economy? It’s time to take control of your finances and retirement and safeguard your wealth so you can truly retire with peace of mind.
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