This Bankruptcy Will Hit Close to Home
The Wall Street Journal reported this week that bankruptcies are expected to soar in the coming months, because of the way our economy has been completely disrupted since late March.
Yes, this is a shocking turn for our economy—it's a pandemic that is causing massive suffering.
In short: It's a terrifying (for some) new trend that is creating thousands of new millionaires (Barron's estimates 20,000 to 200,000 so far) while at the same time destroying the financial future for many others.
The good news is, no one in America can do a better job of outlining what is happening—and more importantly, what you can do about it—than the founder of our research firm, Porter Stansberry.
No one believed Porter years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
And no one believed him when he said GM 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 per barrel to less than $40 a barrel.
But in each case, that's exactly what happened.
And this breakthrough has nothing to do with the "hot" new technologies the mainstream media is obsessed with these days, like electric cars, artificial intelligence, 5G, or robotics.
It's actually much, much bigger.
According to Stansberry: "This is not simply another evolutionary step in technology... it's a 'hard fork' — a change that happens, which can never be undone... which permanently changes entire societies."
And Stansberry says it's going to cause tens of millions of people to lose their jobs... and at the same time make millions of others rich.
Porter went on camera for 10 minutes from our corporate headquarters to explain the full story, including the 3 steps he believes you should take right now.
Mike Palmer
Managing Partner, Stansberry Research
