It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
No one believed Porter Stansberry eight years ago. As head of one of America’s largest independent financial research firms, Mr. Stansberry’s work back in 2008 led him to a bold, but worrisome, conclusion:
He predicted that the world’s largest mortgage bankers–Fannie Mae and Freddie Mac, which at the time were responsible for nearly 50% of all the mortgages in America–would soon go bankrupt.
In fact, in June of 2008, while their stock prices were still trading at well over $20 per share, Stansberry published a report to his customers titled: “Fannie Mae and Freddie Mac Are Going to Zero.”
Dear Fellow American, Do you believe America's financial problems from 2008 have been fixed? Do you think we are on the brink of another banking crisis, or a problem with our currency? If you are concerned about these possibilities, you are not alone. We are now facing serious economic problems in the United States. And it's about to get much, much worse.
The evidence is piling up all around us... In recent months, we've seen nearly $8 trillion disappear from world stock markets... and a whopping 70% of investors lose money in 2015. Even the great Warren Buffett lost $11 billion dollars. We're looking at a collapse in corporate bonds.. and plummeting oil and commodity prices.
Research shows the "too big to fail" banks, the top five largest financial institutions (the ones that were bailed out in 2008), are now 25% bigger than they were back then, and more dangerous than ever.
This is not a problem with markets, it is a problem with interventionism. When, if ever, will they learn?
originally posted by: DAVID64
I've seen that 2nd link everywhere and it's a hook for an investment company. He may be right or wrong, but it's still fear mongering to bring in business. How are you, the average Joe, going to benefit when all the stock markets crash, if you have all your money tied up in the stock market?
If/when it all comes down, money won't help. Or gold or silver or whatever else these gurus are pushing. Seeds, ammo, guns, medical supplies, food, clean water, ammo [ yes I know I said it twice ] and many other things that a pile of gold won't buy, because No One Has It.
If you believe it's all about to fall apart, start stockpiling the things you'll actually need for at least the first 90 days and worry about money when the smoke clears.
I'm not saying it's not going to happen, but I'll worry about food and water, long, Long, before I'll worry about investments.
originally posted by: XendorFazem
No one believed Porter Stansberry eight years ago. As head of one of America’s largest independent financial research firms, Mr. Stansberry’s work back in 2008 led him to a bold, but worrisome, conclusion.
originally posted by: Darkmadness
They can't prop it up much longer without addressing the fact that millions of high paying jobs were shipped over seas.
So until they do that then everything else about the economy is a lie.
Oh and the tech bubble won't replace those millions of jobs.
If you are not prepared for the new America either by strength of numbers and arms or by the ability to blend in and hide, your fate will be the same as those horrible wretches in such nations as Sudan and Afghanistan.
originally posted by: MyHappyDogShiner
The only survivors of any disaster that matter are those who were unprepared and survived still.
Animals Like Me.