October 10, 2019
The Future of America
By Buck Sexton, Executive Editor
What happens when you put a former Army Ranger, a tax expert, a banking expert, an ex-CIA guy, and the one and only Porter Stansberry, on a stage to fight it out about what the 2020 election means for the future of America?
Well, dear reader, we tried that experiment Tuesday night here in Las Vegas at the Stansberry Conference, and the results were everything you’d expect. It was a fiery and spirited exchange on some very big ideas that affect all of us.
To set the tone for the evening with hundreds of Stansberry Alliance members gathered here in Las Vegas, the first order of business was screening the excellent documentary American Consequences 2020. You can watch it yourself for free right here.
The documentary paints a sobering picture of the dramatic rise in socialism’s popularity in America, particularly among the millennial cohort of American voters – now the largest single-age block of eligible voters in America.
The movie lays out how the promise of free stuff – based on class warfare claims that “only the rich will pay” for it – have led to an explosion of support for programs like college debt forgiveness and “Medicare for all.”
Here’s the problem: If we keep going down this road, we face certain economic catastrophe.
After we had a chance to watch the world-class experts assembled in the documentary itself, our panel took the stage to discuss the film. Sean Parnell, a best-selling author and former Army Ranger, moderated. Mattie Duppler, a tax-policy expert, was joined by Danielle DiMartino Booth, CEO of Quill Intelligence, and yours truly, humble American Consequences correspondent Buck Sexton, was on the end.
And of course, Mr. Porter Stansberry.
So what did we think of American Consequences 2020?
The movie’s message is ominous… but spot-on. This country is spending too much money, its government is too big, and there is simply no political will on either side of the aisle to do anything about it. The American people – particularly those under age 40 – have been led to believe that free stuff is their future. In reality, we are hurtling toward economic oblivion.
Danielle ripped into the quantitative easing and modern monetary policies that have helped get us deeper into this mess. Mattie dissected the concept of Universal Basic Income (“UBI”), saying that we have the data already, and UBI has always failed everywhere it has been tried.
I made a prediction – President Trump will win, handily, his 2020 re-election bid – and tried to raise the alarm about an increasingly insane and hard-left Democratic Party.
But if you were looking for a no-holds-barred warning about America’s economic future, none of us were as foreboding as Porter. The Stansberry Research founder and chairman said, more or less, the political system is too broken to fix our financial system, and it’s only a matter of time before the whole thing comes crashing down. Porter doesn’t mince words.
Sobering stuff, to be sure. I’m a little more optimistic – as is Mattie, and perhaps Danielle – about America’s future, but Porter is pulling the alarm and telling everyone to get ready for the collapse.
How exactly, dear reader, should you prepare for it?
If Porter is right, the crisis to come will dwarf the Great Recession…
To get the full story, I recommend reading his book, The Battle for America. You can get a copy shipped to your door by clicking here.
Now here are some of the stories we’re reading…
Clinton said back in March she’s not running for president. Her likely trolling is still going to set off a great deal of speculation…
The debt tab for the average family of four is over $250,000.
GE owed benefits to at least 600,000 people worldwide, amounting to nearly $92 billion in future payouts. Globally, its pension plans had just $69 billion in assets.
Given the gloom, “it’s naive to think you won’t have a drawdown” in stocks…
And let us know what you’re reading at [email protected].
Executive Editor, American Consequences
With P.J. O’Rourke and the Editorial Staff
October 10, 2019