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Last week, the Government Accountability Office issued the first comprehensive analysis of how trillions of dollars of taxpayer money is being spent to protect Americans, the economy and public services from the ravages of Covid-19. Its broad conclusions aren’t reassuring.
The report paints a picture of a federal government that is managing a gargantuan effort, at best, haphazardly. The government is either unable or reluctant to provide enough data and financial information to put clothing on what this $2.7 trillion effort truly looks like — and whether the funds are being deployed in a broadly successful way.
Here’s the Bankruptcy
Everyone’s Afraid Of Today
CNN reported recently that J.Crew became the first national retailer to file for bankruptcy during the current crisis.
The news outlet also reported that many stores are probably “too broke to go bankrupt” – meaning, they likely can’t reorganize their finances and emerge from the bankruptcy process to live another day.
But what’s so surprising to me is that nearly every media outlet is almost completely ignoring the even bigger bankruptcy story—which is going to have a massive impact on you and your money over the next few years…
In short: A terrifying (for some) new trend is creating thousands of new millionaires (Barron’s reports 20,000 to 200,000 so far) while at the same time destroying the financial future for many others.
The good news is, no one in America can do a better job of explaining exactly what is happening—and more importantly, what you can do about it—than the founder of our research firm, Porter Stansberry.
Porter has made some very bold predictions over the years—but the incredible thing is, he’s almost always exactly right!
For example, no one believed Porter years ago when he said the world’s largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
And no one believed him when he said GM would fall apart… or that the same would happen to General Growth Properties (America’s biggest mall owner)… or that oil would fall from over $100 per barrel to less than $40 a barrel.
But in each case, that’s exactly what happened.
And now, Porter says something new and even bigger is quietly unfolding in America (watch his video clip here):
And this breakthrough has nothing to do with the “hot” new technologies the mainstream media is obsessed with these days, like electric cars, artificial intelligence, 5G, or robotics.
It’s actually much, much bigger.
According to Stansberry: “This is not simply another evolutionary step in technology… it’s a ‘hard fork’ — a change that happens, which can never be undone… which permanently changes entire societies.”
And Stansberry says it’s going to cause tens of millions of people to lose their jobs… and at the same time make millions of others rich.
Don’t get left behind. Get the facts for yourself here.
Porter went on camera for 10 minutes from our corporate headquarters to explain the full story, including the 3 steps he believes you should take right now.