The founder and namesake of Stansberry Associates, Porter Stansberry, shocked the audience at the Casey Research Spring Summit with his ‘End of America’ speech. “Our country racked up an enormous amount of debt over the last 40 years – an unprecedented amount of debt. We went from being the world’s largest creditor, to being the world’s largest debtor, to being the world’s largest debtor in history. Those debts were largely private until the fall of 2008, but what happened in 2008 is our politicians made a decision that default would not be the way these debts would be resolved. Instead they’d be resolved through inflation. I call this process ‘The End of America’ because I believe it must lead to the end of the U.S. dollar as the world’s reserve currency. ” Hear more from his riveting dissertation in the video below.
You Better Man the Life Boats
Mike Maloney, renowned author of Rich Dad’s Advisors: Guide to Investing in Gold and Silver, riled up an audience of investors with his alarming speech at the Casey Research Spring Summit. “This is an emergency. There’s something going wrong here. And now they’re talking about will they continue quantitative easing? Will they end quantitative easing? If they end it, there’s a huge deflation. If they continue it, the dollar continues losing value and we go into a crisis of confidence, which I do believe any way this turns out the dollar is going to go into a crisis of confidence. There’s just no escaping that. You can’t do what they’ve done and not have it come back to haunt you someday.” Watch more of Maloney’s must-see musings in the video below.
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