The Financial Crisis Brewing Right Now

Just when you think it can't get worse... Our founder Porter Stansberry on what comes next... Beware and prepare... The financial crisis brewing right now... Something last seen before the Civil War... Do your 'due diligence'... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [Stansberry Digest] Just when you think it can't get worse... Our founder Porter Stansberry on what comes next... Beware and prepare... The financial crisis brewing right now... Something last seen before the Civil War... Do your 'due diligence'... --------------------------------------------------------------- He thought he'd seen it all... Up until early 2020, our founder Porter Stansberry thought the final peak of "monetary insanity" had happened in 2008 and 2009 with the bailouts of the too-big-to-fail banks and mortgage brokers. (He'd correctly predicted Fannie Mae and Freddie Mac's collapse a few years earlier, by the way.) But then, that spring, came the greatest monetary experiment in all of finance, plus new highs in financial mindlessness... $6 trillion in government stimulus, printed from nothing, in response to the COVID-19 pandemic. Consequences followed. Not to our surprise, inflation – lots of it – was one... And as I (Corey McLaughlin) have chronicled along the way, the economy and markets have encountered a seemingly endless stream of knock-on effects. We've seen rising cultural angst, political nightmares, and new record debts for the U.S. government and, increasingly, everyday Americans. Yet three years on from 2020, you could argue we're still in the early days of the fallout of decisions made back then... Global tensions keep rising. Americans are racking up record amounts of debt... and so are businesses and Uncle Sam... all at higher interest rates than we've seen in 15 years. What comes next?... Today, we're taking a breather from our typical Digest fare to report that our founder has a few ideas, and you will want to hear them. He's going live with a brand-new, free video presentation this Thursday that will cover all the details... If you've never heard a presentation from Porter – or you're a longtime subscriber or Stansberry Alliance member and simply have been wondering what he has been up to – I urge you to tune in. Here is a brief preview... The event is free for Stansberry Research readers. We just ask that you register in advance. [You can sign up here](. As we said last week from Las Vegas and our annual Stansberry Research conference, Porter is back... We expect him to cover a bit about why that is on Thursday. But let me give you some backstory in the meantime... Three years ago, he took a step back from the company with eyes on retirement. And the last time he went public with a presentation like this was in March 2020. I'll never forget it. A big call – and a big boom... When the rest of the world was panicking and we were in the really early days of the government reaction to COVID-19, Porter had a message for anyone who would listen. He said he saw a rare buying opportunity in stocks – the likes of which he hadn't seen since 2008 or 2009... With most Stansberry Research employees confined to their homes, Porter recorded an urgent message with a skeleton crew in a deserted, echoey office and offered up a plan. As we quoted him in [the March 26, 2020 Digest]( almost the exact day of the ultimate bottom in stocks following a 30%-plus drop in the major U.S. indexes... This is the opportunity that you've been waiting for. I never thought ever in my career that I would get a chance to buy these stocks at the kind of prices we saw in '08 and '09. I thought that was gone forever. He said he wouldn't be surprised to see new all-time highs by the end of 2020, given the flood of money he expected the government to pump into the economy and the boost it would give to stocks. That's precisely what happened... But Porter didn't go and recommend just buying any old stocks. He suggested buying a portfolio that represented the epitome of what he had been studying for 25 years, including businesses that were able to withstand inflation far better than other assets. He called these stocks the GOATs, the Greatest of All Time – and they've behaved like it. The high-quality stocks Porter recommended that day and in the following months were up an average of more than 40% by year's end... A half dozen of those stocks, even after a down year for everything in 2022, are up double or more today. Now, he's saying to beware and prepare for more turmoil... So many people are confused about the markets today and have plenty of opinions. Yet Porter thinks what's coming next for the economy is going to be worse than anyone else has told you so far. As he says... There is a financial crisis brewing right now that is at the same scale as the residential mortgage crisis that we had in 2008 and 2009... As we wrote last week, Porter took the stage at last week's Stansberry Conference in Las Vegas and delivered a startling warning that left everyone in the room talking for the rest of the event. In short, he's firmly in the "recession is coming" camp – and then some. As Porter said... By this time next year – I want you to write this down – there will be more than 10% unemployment. And by the time this recession ends, there will be more than 20% unemployment. And that's the good news because that means if you are one of the eight in 10 people who don't lose their jobs, you are going to get a raise. He described what he sees coming next as the big forces of record consumer and government debt and higher interest rates converging. He also says one of the biggest banks in America is going to fail – and soon. Not only that, but he laid out why a major crisis is brewing in a specific and large sector of the U.S. economy... because Uncle Sam is not in a position to bail anybody out anymore. Look at the turmoil already roiling the bond markets as an example. The end of the road... As Porter said last week in Las Vegas... For the first time in my lifetime, the government is broke. Truly. If the government prints more money, the bond market will absolutely crash and so will the dollar. If the government borrows more money, there will be more inflation, the bond market will crash and so will the dollar. We are absolutely at the end of our ability to finance our way of life. This situation will have knock-on consequences for years to come and will likely catch many Americans off guard. It's already happening. Just look at what's going on in Washington, D.C., most recently... Because just a handful of folks in the House of Representatives want to curtail future spending, the U.S. is now without a speaker of the House for the longest period of time since 1860, the year before the Civil War. That's not a precedent we want to see repeated, but it would be ignorant to ignore the history if you're interested in a peaceful, prosperous nation – higher highs for the U.S. stock market included. As Porter says... Just imagine how people will be feeling in the country if the S&P 500 was down 50% in two years. People would be panicking... How many strikes are going on right now? How much incredible violence and unhappiness exists?... Everyday regular Americans are flat out of money. So, what to do?... Porter says there are moves you can make today to prepare for what's to come, to protect and grow your wealth, and to take your finances and security into your own hands as much as possible. I can't give you all the details today, nor do I necessarily want to... You'll want to hear directly from our founder himself, who will explain the situation as only he can. His presentation on Thursday will be unlike anything you've seen in years... a fascinating, albeit alarming, story you'll never get from the mainstream news. There is a track record here. As Joel Litman – founder of our corporate affiliate Altimetry – wrote in an e-mail to his subscribers just yesterday, he first encountered Porter more than 10 years ago and has followed his career closely since... That's because he has a knack for timing big macro moves in the market like nobody else I know: - He predicted the bankruptcy of the world's largest mortgage brokers, Fannie Mae and Freddie Mac, in May 2008. - The collapse of General Motors... and America's biggest mall owner General Growth Properties. - He predicted and tracked the rise of hydraulic fracturing in the United States... and its ultimate collapse. - And he predicted a 550% rise in the price of Bitcoin in the summer of 2020. All have come true. This latest message and prediction are so important and time sensitive that we rushed a film crew out to Porter's 130-acre farm to record it. There's a lot he wants to tell you... both about where he has been and why he left. But, more important, he wants to explain why a looming crisis in the financial markets could be just around the corner. If nothing else, I think you'll come away from this free event more knowledgeable and prepared for what may be next for the economy and markets... You can also think of it as "due diligence" that you won't get to hear anywhere else. Porter will also be answering a few questions. Be sure to check it out this Thursday. [You can find more information and sign up for free here](. --------------------------------------------------------------- Recommended Links: ['Slowly, Then All at Once... This Is How Trust in Government – and Your Life Savings – Disappears']( On October 26, Porter Stansberry returns after three years with a big warning about 2023's historic bond market meltdown... and what's coming next. [Click here for details](. --------------------------------------------------------------- [An AI Reckoning Is Coming]( He called the 2020 crash, the 2022 bear market, and the 2023 bank run. Now, 40-year Wall Street veteran Marc Chaikin just issued a new alert about the AI market. If you have any exposure to stocks, this is a must-see message. [Click here for a new AI warning](. --------------------------------------------------------------- New 52-week highs (as of 10/20/23): Structure Therapeutics (GPCR). In today's mailbag, more feedback on our [coverage of our annual Stansberry Research conference]( last week in Las Vegas, which included a report on the new Sphere venue near the Vegas Strip... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com. "No doubt the Sphere is an amazing concept and the technology involved is thoroughly groundbreaking. The company that owns it is James Dolan's. We here know him as the owner of our beloved Rangers and also the New York Knicks. He's also the guy who uses facial recognition at Madison Square Garden searching for anyone who works for law firms currently in any litigation against him and people who are recognized are swiftly escorted out of the Garden while trying to watch and support their sports teams... "Luckily as a Rangers fan, he's been pretty hands-off and not like George Steinbrenner. The Sphere is his baby and from what has been reported he spared no expense in creating it. [It] has 12k video and the sound system was created just for that round venue and you can't hear anything like it anywhere. I'm not a big fan of his honestly but have to give kudos to that venue..." – Subscriber James S. Corey McLaughlin comment: James, thanks for the note. It's like you're reading my mind... I made similar comments to a few colleagues while we were out in Las Vegas. Yes, the company that owns the Sphere is Sphere Entertainment (SPHR), a publicly traded business that Dolan founded and leads. I was actually on Dolan's payroll for a period about 15 years ago back in my newspaper days in New York. He was running his father's cable company, which ended up acquiring Newsday. We had to put disclaimers on the bottom of Knicks and Rangers articles noting the relationship with him as the owner of everything... And as you might know (or at least imagine), even valid criticism of his teams was not taken so well. His reputation is what it is. I too am sort of disappointed he has pulled off the creation of a $2 billion-plus venue that has quickly become a must-see attraction in Vegas and has U2 as one of its early residencies. But everyone I talked to who went there thought the Sphere venue was amazing. C'est la vie. On a related note, I can also tell you that Enrique Abeyta, editor at our corporate affiliate Empire Financial Research, is bullish on Sphere Entertainment. If you're interested in hearing more, you can find Enrique's analysis in his Empire Elite Growth newsletter. If you aren't already a subscriber, find out how to gain access [right here](. All the best, Corey McLaughlin Baltimore, Maryland October 23, 2023 --------------------------------------------------------------- Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open positions across all Stansberry Research portfolios Stock Buy Date Return Publication Analyst MSFT Microsoft 11/11/10 1,193.8% Retirement Millionaire Doc MSFT Microsoft 02/10/12 1,026.3% Stansberry's Investment Advisory Porter ADP Automatic Data Processing 10/09/08 869.4% Extreme Value Ferris wstETH Wrapped Staked Ethereum 02/21/20 577.4% Stansberry Innovations Report Wade WRB W.R. Berkley 03/16/12 565.2% Stansberry's Investment Advisory Porter BRK.B Berkshire Hathaway 04/01/09 495.5% Retirement Millionaire Doc HSY Hershey 12/07/07 462.3% Stansberry's Investment Advisory Porter AFG American Financial 10/12/12 377.9% Stansberry's Investment Advisory Porter TTD The Trade Desk 10/17/19 315.9% Stansberry Innovations Report Engel ALS-T Altius Minerals 02/16/09 302.0% Extreme Value Ferris 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 4 Stansberry's Investment Advisory Porter 2 Extreme Value Ferris 2 Retirement Millionaire Doc 2 Stansberry Innovations Report Engel/Wade --------------------------------------------------------------- Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio Stock Buy Date Return Publication Analyst wstETH Wrapped Staked Ethereum 12/07/18 1,416.9% Crypto Capital Wade POLY/USD Polymath 05/19/20 1,058.4% Crypto Capital Wade ONE-USD Harmony 12/16/19 1,037.7% Crypto Capital Wade MATIC/USD Polygon 02/25/21 763.6% Crypto Capital Wade BTC/USD Bitcoin 11/27/18 690.1% 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 Band Protocol crypto 0.32 years 1,169% Crypto Capital Wade Terra crypto 0.41 years 1,164% Crypto Capital Wade Inovio Pharma.^ INO 1.01 years 1,139% Venture Tech. Lashmet Seabridge Gold^ SA 4.20 years 995% Sjug Conf. Sjuggerud Frontier crypto 0.08 years 978% Crypto Capital Wade Binance Coin crypto 1.78 years 963% Crypto Capital Wade Nvidia^* NVDA 4.12 years 777% Venture Tech. Lashmet Intellia Therapeutics NTLA 1.95 years 775% 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%. 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}. 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All employees of Stansberry Research (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.