No one believed Porter Stansberry nine 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:
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.”
We all know what happened next.
Both agencies went bust—and if not for a bailout from the Federal Government, both would have declared bankruptcy.
Barron’s—America’s second biggest financial newspaper—even wrote a story about Mr. Stansberry’s accurate prediction short, and called it “remarkably prescient.”
Over the years, Mr. Stansberry has made a name for himself by accurately predicting the biggest and most important collapses in America.
Stansberry also predicted the recent collapse of oil and natural gas prices as early as 2010, when he wrote a report titled: “Peak Oil is a Flat Lie.”
Well, now Mr. Stansberry has issued another fascinating warning, about a new and looming bankruptcy—and a surprising twist that will make it unlike anything we’ve seen in America in nearly 50 years.
As Mr. Stansberry writes:
“No one believed me years ago when I said the world’s largest mortgage bankers would soon go bankrupt. And no one believed me when I said GM would fall apart… or that the same would happen to General Growth Properties. But that’s exactly what happened.”
Stansberry says the next big bankruptcy in America will be unlike anything we’ve seen in America in more than 50 years—it has a surprising twist, that will dramatically affect you and your money. In fact, Stansberry says this looming bankruptcy will threaten your way of life, whether you own any investments related to it or not.
Stansberry says this development, which is already underway, will change everything about our 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.
I urge you to to take a few minutes to learn Mr. Stansberry’s recent write-up on this situation.
You can access his full analysis, free of charge, on his company’s website, right here.
