This is an extremely bleak outlook of the US economy.
I've been subscribing to Stansberry's free newsletters for 4-5 years now and they've always provided very good insight of the world's economics and finances to the retail investor. Too bad I haven't been compelled enough to make a paid subscription yet.
Bewarned that his assessment is very bleak. Right after reading the article I just felt like shorting the USD right away. Haha. Thankfully it's a Saturday and all the markets are closed (except the local fish market).
I always knew the US economy was going downhill, but just how bad?
Remember to read it with a pinch of salt, he does exaggerate sometimes, and don't be too tempted by his sales pitch at the bottom of the article. It's very enticing, I know. Why do you think Porter Stansberry is so respected an economist, but also such a rich man? It's from these newsletters and his books.
But then if you did PAY for the subscription, please share the revelations with me thank you :)
Read it here.
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