Will This Be America's Next Big Bankruptcy?

The next big bankruptcy and next big collapse is likely to come from a place few people are even thinking about right now. [The Wiggin Sessions]( January 12, 2023 [UNSUBSCRIBE]( A Note From Addison: I am handing over this morning’s missive to Michael Palmer and his team at Stansberry Research. We have worked with Michael for a long time. We appreciate the effort Michael and his team put into his business at Stansberry and would not put his message in The Wiggin Sessions if we did not trust his work. Will This Be America's Next Big Bankruptcy? Wealthy entrepreneur says after watching crypto exchange go bust, UK pension system crisis, and many stocks fall by 95%, here's what’s coming next... [Mike Palmer] Dear Reader, The ultra-wealthy entrepreneur Bill Bonner wrote a fascinating piece in his daily e-letter last week. Bonner, who built one of the largest financial research firms in the world, with offices across the globe starting in the late 1970’s says three trends made the period of 1980 to 2022 one of the most investment-friendly episodes in history. Bonner describes these three investor-friendly trends as: - Cheap energy... - Cheap labor (mostly from China)... - And cheap credit, in the form of ultra-low interest rate loans. But now... says Bonner, [all three of these trends have radically reversed.]( And as a result, businesses, ideas, and plans based on these trends are quickly collapsing... and even going bankrupt! [You can see the wreckage beginning to pile up all around us...]( The cryptocurrency company FTX, for example, which at one point was worth $32 billion and counted Blackrock and the Ontario Teachers Pension Plan as shareholders, recently went bust. The millions in losses from this collapse are just beginning to be tallied. Before that, nearly half of England's 400 pension funds almost collapsed. They were saved only by the intervention of the country's central bank. [(Click here for the full story.)]( Then, there are the formerly "hot" tech businesses like Carvana, a company that was being touted as a way to reinvent the car business. It's fallen 98% in roughly a year... and is on the verge of bankruptcy. Many more former tech darlings, like Arrival (electric cars), Vapotherm (healthcare), and Porch (home buying and selling) are also all down more than 95% in the past year. But here's the really scary part... According to Bill Bonner, [these collapses and bankruptcies are just getting started.]( In fact, Bonner says the next big bankruptcy and next big collapse is likely to come from a place few people are even thinking about right now. Bonner says this looming fall is going to catch almost everyone by surprise and could lead to some very difficult years in America. [I strongly encourage you to check out Bonner's recent analysis.]( You're unlikely to hear this message anywhere else, and the mainstream press likely won't report on it for months to come, when it's far too late. Bonner says there are [FOUR critical steps every American should take immediately]( to prepare for this surprising fall. We've posted 'Bonner's Warning' (plus his FOUR recommended steps) on our website. [Click here to view it for free...]( Sincerely, Mike Palmer [James Altucher] Founding Partner, Stansberry Research LISTEN ON [The Wiggin Sessions]( The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Consilience, LLC. delivering daily email issues and advertisements. To end your The Wiggin Sessions e-mail subscription and associated external offers sent from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at support@5minforecast.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2023 Consilience, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.