~*~Mining and Metals Du Jour~*~

[srm4u]

Porter Stansberry: What will kill this bull market… and what to buy today

Mark my words:

This trend will accelerate. And the idea of a Jubilee will become THE leading political issue in the months to come.

Who will pay for it?

You guessed it...

You, me, and millions of Americans with pensions, retirement accounts, and other types of savings.

Just as in the past, the folks in Washington will disguise this Jubilee under a different name.

They might call it a “National Restoration” or “Patriotic Solvency.”

They'll pass an “Act” like they did in 1841... or invoke an Executive Order as was done in 1933 (Executive Order #6102)... or simply issue a mandate to the Secretary of the Treasury (which they did in 1971).

But it all means the same thing. The Jubilee will be a radical reset of the financial system. It will be a redistribution of trillions of dollars.

So what exactly is a Jubilee... how will it unfold in America... and what will it mean for you, your money, and your retirement?

Well, after more than two decades in the financial business... after starting four businesses around the globe... and as someone with a team of world-class experts in finance and accounting...

I can tell you that no matter how sound your financial footing, this is one of the most important issues facing you and your money today.

That's why my research team and I have just finished what I believe will become the most important financial-help book in America over the next few years.

But that's not what happened, as you know.

Instead, the cost of just about everything has always gone up. Way up.

That's because, no matter how big the gains in productivity are, the government—politicians and their minions at the Federal Reserve—have always created more money.

Sometimes they do it by creating a lot of new credit. And sometimes by simply printing trillions of new dollars out of thin air.

All of this new money ALWAYS causes prices to rise more than productivity.

And this is the big secret the corporate executives and politicians hope you never understand.

Because wages are no longer connected to gains in productivity... Over time... there's nothing the average American can do to stay ahead of inflation.

So most Americans have been forced to borrow—in a way that is unprecedented in our history...

U.S. consumers now have nearly $13 trillion in total debt... the highest total ever, even more than was owed right before the crash in 2007... in order to pay for food, housing, cars, education, healthcare, and other basic expenses.

We owe a trillion dollars on our credit cards—which often have interest rates as high as 28%! We've borrowed a trillion dollars to buy new cars—which plummet in value the minute you drive off the lot. And we've racked up about $1.5 trillion for college education with dubious worth.

The debt load for the working poor has nearly quadrupled in the past 20 years as a percentage of their income. And this debt can never, ever be repaid.

It's this system that dooms every average worker to poverty. And almost guarantees that the rich and the powerful will stay that way.

Simply working harder—or working smarter—isn't benefiting employees anymore. On the other hand, Americans who own assets and businesses have seen their wealth soar over the last 40 years.

And so we are left with the biggest income and wealth disparity in America in nearly 100 years.

For those who have taken on these incredible new debt loads, it's a very stressful way to live. So many Americans today are in a hole. They are extremely stressed out, and there is no way out.

And herein lies the problem.

This group is growing, and this stress and anger is building... ultimately fueling many of today's biggest issues...

The next big crisis is already underway...
Charlottesville rally
Protests like the one in Charlottesville were just the beginning. Wait until you see what's coming next in America...

It's why you see people rioting in Charlottesville, Virginia...

It's why you see massive increases in violence and desperation in cities like Baltimore and Chicago...

It's why you see more and more radicalized politics—like resurgent neo-Nazi groups and the rise of Black Lives Matter...

It's why you see the tearing down of historic statues, and why according to a recent Harvard study, more than 50% of young people no longer believe in capitalism!

It's why we now have the highest-ever percentage of people on food stamps—double the historical rate.

It's why in some states, nearly 10% of working age adults receive disability payments!

Remember: These uprisings and protests may be nominally about race, or Donald Trump, police brutality, or immigration.

But what they're really all about is money, debt, and economics.

And that's why we will soon see a dramatic political and economic event, the likes of which we haven't seen in nearly 50 years...

https://orders.stansberryresearch.com/chain?cid=MKT342135&eid=MKT345211&encryptedSnaid=&snaid=&step=start#AST73694

https://www.facebook.com/TheLastChurch.org/

http://thecrux.com/two-big-warning-signs-emerge-for-the-stock-market/