There Are 'Two Very Different Americas'

Porter Stansberry on 'two very different Americas'... The root of the issue... U.S. debt tops $35 trillion... How to protect your money... The next chapter of 'disastrous monetary policy'... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [Stansberry Digest] Porter Stansberry on 'two very different Americas'... The root of the issue... U.S. debt tops $35 trillion... How to protect your money... The next chapter of 'disastrous monetary policy'... --------------------------------------------------------------- 'We're looking at two very different Americas today'... Our founder Porter Stansberry wanted to make sure everyone who attended his free presentation this morning understood one thing... So before he dug into today's markets, Porter shared a chart that illustrated "the story of the two different Americas" – that is, the difference between how life is going for "political insiders" and "savvy people" like U.S. Representative Nancy Pelosi or Federal Reserve Chair Jerome Powell and what life feels like for most everyone else in the country. The chart showed how wages and productivity in the U.S. economy rose in tandem for decades. But about 50 years ago, the story changed. Many longtime readers may know the date that marked a catalyst – August 15, 1971. That's when President Richard Nixon severed the tie between the U.S. dollar and its gold backing for good. We've described this point as the '[day the dollar died](... Since then, inflation, driven chiefly by what Porter calls "disastrous monetary policy in our country over the last half a century" has eaten away at the once-healthy relationship between the value of a paycheck and real productivity. It has been easy to do with fiat currency. You see, too often, millions, and now trillions, of dollars have been created from nothing – like during the great financial crisis or, most recently, during the COVID-19 panic – to benefit the political insiders in the "system." Meanwhile, these decisions have eaten away at the value of the dollar. So while certain folks in society have taken advantage of their positions to become wealthy, tens of millions of Americans are struggling to keep up with a rising cost of living. It's two Americas... The 40-year-high pace of inflation we've seen over the past few years has brought this dynamic to the forefront. But it has been happening for decades. Now, we're also seeing the consequences play out in an "accelerating cultural decline in America," as Porter said today... It's really simple. If people can't earn an honest wage by going to work and doing an honest job because all of those gains to productivity keep being printed away by the Federal Reserve, then they're not going to believe in the social contract that underlies the integrity of our country. Unfortunately, Porter doesn't see this dynamic changing... He's "hopeful" the country will return to "sensible monetary policy," but not "optimistic." As he said today... I'm very worried that America is heading off a financial cliff. And mark my words, that's happening. And it's happening really fast. Last year's rescue of regional banks only widened the "two Americas" financial bubble. So has "reckless" government spending. The Congressional Budget Office – a federal agency that advises members of Congress – projects the federal budget deficit – the gap between government revenue and spending – will be $1.9 trillion for the 2024 fiscal year. Just yesterday, total U.S. debt grew to more than $35 trillion... That's thanks in part to higher interest payments being made on America's debt with higher inflation (caused by monetary policy and fiscal spending). Uncle Sam's deficit was more than $1 trillion in the first half of fiscal 2024, with $522 billion coming from interest paid on the debt, a rise of more than 30% from the same period in 2023. You can see the cycle at work. As Porter said today... If our elected leaders continue to spend so recklessly and without any discussion in public at all about the threat of these debt levels, then it's possible that this train can run a lot further than anybody, including me, thinks. Every time a new dollar is created, the value of each existing dollar goes down. Yet stocks can keep pushing higher... and on it goes. So what can you do to fight this nonsense?... How can you grow – and protect – your wealth when the U.S. dollar's erosion of long-term purchasing power seems inevitable? Porter has a few ideas. If you missed the debut of his free presentation earlier today, [be sure to check out a replay right here]( You'll hear more about Porter's take on the state of the economy, and much more, like his take on the incredible run-up of Nvidia (NVDA) stock... the artificial-intelligence boom... and why the market crash he predicted last year hasn't happened yet. He also describes what he believes is the "only game in town" to protect yourself from the risks he sees to your money... as well as "the most dangerous investment in America today" and why you should stay away from it. Don't miss it. Now, as for that 'disastrous monetary policy'... Tomorrow brings the conclusion of another two-day Fed meeting, where the topic of the day is expected to be when the central bank will "lower interest rates" – its suggested benchmark bank lending rate range – even while inflation runs above the Fed's supposed 2% annual goal. You can see how the value of the dollar gets eroded over time with decisions like these. Still, investors have been getting increasingly excited about the prospect of a cheaper cost of borrowing over the past few months. The market expects the Fed to lower the fed-funds rate by 25 basis points at its next meeting in September. Traders and investors will be looking for clues in the Fed's policy announcement and Powell's post-meeting press conference tomorrow for confirmation (or not) of these prevailing expectations. We'll have a report on what's said in tomorrow's Digest. Monitoring the 'dip'... Since we last examined the market's daily moves last [Wednesday]( the "dip" we discussed has leveled off for the most part... The benchmark S&P 500 Index, tech-heavy Nasdaq Composite Index, and small-cap Russell 2000 Index have been nearly flat over the past three trading days. The Dow Jones Industrial Average is up slightly. In the very short term, tomorrow's Fed meeting and new inflation data and jobs numbers that will hit the market later in the week could serve as a catalyst for the market to move – one way or another. If enough investors like what they hear – like continued "disinflation" and a central bank bent on easing monetary policy – stocks could march higher. Of course, that reaction ignores the reason why the Fed might be cutting rates... like the economy weakening and the unemployment rate rising. At some point, that part of the story will become important to the majority of Wall Street. But it doesn't appear that we're there yet. In this week's Stansberry Investor Hour, Dan Ferris and I are joined by Larry McDonald, editor of the Bear Traps Report and author of How to Listen When Markets Speak. We had a wide-ranging conversation about Larry's time at Lehman Brothers, his thoughts on the AI boom, and more. Larry shared a few trading ideas, too... Check out the episode below. [Click here to watch the interview now](... and to hear the full audio version of this week's Stansberry Investor Hour, visit [InvestorHour.com]( or find the show wherever you listen to your podcasts. --------------------------------------------------------------- Recommended Links: [NOW AIRING: 'The No. 1 Most Dangerous Investment in America' (and More)]( Stansberry Research founder Porter Stansberry accurately predicted the world's largest mortgage brokers, Fannie Mae and Freddie Mac, were headed toward bankruptcy. He did the same with GM in January 2007. Today, he's warning about the No. 1 most dangerous investment in America... and THE one strategy anyone subscribing to financial research should implement immediately. [Stream Porter's urgent announcement here](. --------------------------------------------------------------- [You Won't Believe What the Dems Have Planned Next]( If you've watched everything unfold over the past few weeks and wondered, "What in the world could be next?"... You need to watch Dan Ferris' new presentation right away. As you'll see, the fix is in for 2024... and it threatens to plunge America into an economic nightmare unlike anything we've seen in half a century. It doesn't matter who the Democrats pick as their nominee – this is already in motion. [Find the full details here](. --------------------------------------------------------------- New 52-week highs (as of 7/29/24): Alpha Architect 1-3 Month Box Fund (BOXX), Colgate-Palmolive (CL), Electronic Arts (EA), Equity Commonwealth (EQC), Hologic (HOLX), Intercontinental Exchange (ICE), Lockheed Martin (LMT), Altria (MO), VanEck Morningstar Wide Moat Fund (MOAT), Procter & Gamble (PG), Revvity (RVTY), Seabridge Gold (SA), Sherwin-Williams (SHW), Veralto (VLTO), and Verisk Analytics (VRSK). In today's mailbag, we received a few notes from folks who weren't able to watch the debut of Porter's event this morning and wondered if a replay would be available. As we mentioned above, [you can watch a replay of the event for free here](. All the best, Corey McLaughlin Baltimore, Maryland July 30, 2024 --------------------------------------------------------------- Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open stock positions across all Stansberry Research portfolios. Returns represent the total return from the initial recommendation. Investment Buy Date Return Publication Analyst MSFT Microsoft 11/11/10 1,385.5% Retirement Millionaire Doc MSFT Microsoft 02/10/12 1,358.8% Stansberry's Investment Advisory Porter ADP Automatic Data Processing 10/09/08 927.5% Extreme Value Ferris WRB W.R. Berkley 03/16/12 744.0% Stansberry's Investment Advisory Porter BRK.B Berkshire Hathaway 04/01/09 677.1% Retirement Millionaire Doc HSY Hershey 12/07/07 476.0% Stansberry's Investment Advisory Porter AFG American Financial 10/12/12 449.8% Stansberry's Investment Advisory Porter TT Trane Technologies 04/12/18 431.1% Retirement Millionaire Doc NVO Novo Nordisk 12/05/19 363.3% Stansberry's Investment Advisory Gula TTD The Trade Desk 10/17/19 361.0% Stansberry Innovations Report Engel Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio. --------------------------------------------------------------- Top 10 Totals 5 Stansberry's Investment Advisory Porter/Gula 3 Retirement Millionaire Doc 1 Extreme Value Ferris 1 Stansberry Innovations Report Engel --------------------------------------------------------------- Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio Investment Buy Date Return Publication Analyst wstETH Wrapped Staked Ethereum 12/07/18 2,291.8% Crypto Capital Wade BTC/USD Bitcoin 11/27/18 1,676.6% Crypto Capital Wade ONE/USD Harmony 12/16/19 1,156.5% Crypto Capital Wade MATIC/USD Polygon 02/25/21 756.6% Crypto Capital Wade AGI/USD Delysium AI 01/16/24 311.3% Crypto Capital Wade Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it's still a recommended buy today, you must be a subscriber and refer to the most recent portfolio. --------------------------------------------------------------- Stansberry Research Hall of Fame Top 10 all-time, highest-returning closed positions across all Stansberry portfolios Investment Symbol Duration Gain Publication Analyst Nvidia^* NVDA 5.96 years 1,466% Venture Tech. Lashmet Microsoft^ MSFT 12.74 years 1,185% Retirement Millionaire Doc Inovio Pharma.^ INO 1.01 years 1,139% Venture Tech. Lashmet Seabridge Gold^ SA 4.20 years 995% Sjug Conf. Sjuggerud Nvidia^* NVDA 4.12 years 777% Venture Tech. Lashmet Intellia Therapeutics NTLA 1.95 years 775% Amer. Moonshots Root Rite Aid 8.5% bond 4.97 years 773% True Income Williams PNC Warrants PNC-WS 6.16 years 706% True Wealth Systems Sjuggerud Maxar Technologies^ MAXR 1.90 years 691% Venture Tech. Lashmet Silvergate Capital SI 1.95 years 681% Amer. Moonshots Root ^ These gains occurred with a partial position in the respective stocks. * The two partial positions in Nvidia were part of a single recommendation. Editor Dave Lashmet closed the first leg of the position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could've recorded a total weighted average gain of more than 600%. --------------------------------------------------------------- Stansberry Research Crypto Hall of Fame Top 5 highest-returning closed positions in the Crypto Capital model portfolio Investment Symbol Duration Gain Publication Analyst Band Protocol BAND/USD 0.31 years 1,169% Crypto Capital Wade Terra LUNA/USD 0.41 years 1,166% Crypto Capital Wade Polymesh POLYX/USD 3.84 years 1,157% Crypto Capital Wade Frontier FRONT/USD 0.09 years 979% Crypto Capital Wade Binance Coin BNB/USD 1.78 years 963% Crypto Capital Wade You have received this e-mail as part of your subscription to Stansberry Digest. If you no longer want to receive e-mails from Stansberry Digest [click here](. Published by Stansberry Research. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. 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