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從波特Stansberry在Stansberry摘要:
沒人說了五個街區一個字...
前幾天,我(波特)走出紐約大都會俱樂部的晚宴會議。我還記得每一個視覺和聲音。這一切都播放在我的腦袋就像一個高清電影。這不是一個愚人節的玩笑,很遺憾。這是一個真實的故事,到最後,不可思議,細節。
這是下午9點43分這是週二晚上。它是約45度。我是兩個我最親密的朋友和同事。沒有風。交通清淡。我們採取了在麥迪遜左,向北。我們去俱樂部Macanudo東63街為餐後飲品。
就像我說的......沒有人說一句話。
我被嚇壞了。這感覺就像我正從一場車禍離開。我的腎上腺素被抽。我的心被賽車。我不能完全處理我剛剛學會......但我從來沒有那麼害怕了 - 不喜歡這樣。
在最後一分鐘,我被邀請一起吃晚飯最強大的男子在世界上。這名男子緊緊扼守了他的聲譽。其原因將變得清晰,他並不想在這個故事被命名。你會馬上認出他的名字,你一定會知道他的聲譽。
他的職業生涯已經跨越了過去的40年,包括美國政府的最高級別就職於。在過去的十幾年,他一直擔任顧問,以世界上最富有的人。他在政府的政策和國家的最富有和最有影響力的人之間的關係處於平直。
他請我吃飯的大都會俱樂部五樓。紐約以外很少有人知道這個俱樂部。但它的財富和特權在我國的最終堡壘之一。由摩根大通自己建成,它位於中央公園的第五大道東南角。
在其他重要活動,投資傳奇股神巴菲特慶祝他50歲生日還有。最強大,最富有的人在國內吃飯那裡見面。運行我們國家真正的政策辯論得到並且決定在那裡。
我和兩個朋友那天晚上 - 我們的業務發展總監,馬克·阿諾德和埃雷茲Kalir,一個眾所周知的和成功的對沖基金經理。
三年前來到Stansberry研究之前,馬克在他的數百主要資金交易曾在美國最大的風險投資的律師事務所之一的合夥人。他從杜克大學獲得了本科學位,他同時具有工商管理碩士和法學學位。
幾年前,埃雷茲十億左右$管理1作為虎年管理組的一部分 - 對沖基金家族傳奇投資人朱利安·羅伯遜控制。今天,埃雷茲運行一個小型的私人投資顧問業務......他的名字你可能認識。 (這就是所謂的Stansberry資產管理。*)這家公司 - 這是獨立擁有和管理 - 授權我們的名字,並使用我們的研究,以建立高淨值投資者的投資組合。
埃雷茲是我見過的最聰明的投資者。他獲得學士學位斯坦福大學,是羅德學者,耶魯大學法學院,在那裡他是在法律評論畢業。
你需要了解...我用那個夜晚滿足人們不是陰謀論。他們是誰知道金融世界(和主要參與者)內外聰明,經驗豐富的專業人員。他們不容易嚇跑。他們已經看到了恐慌,繁榮,蕭條和世界各地。然而......我們在吃飯的清醒了解到我們大家,並且在我的職業生涯沒有其他的討論不斷有辦法影響我們。
我們的主人 - 誰,順便說一句,原定於10日下午在全國電視上出現,我們的晚餐後,立即 - 通過描述有關美國將緊隨歐洲和日本為負的可能性,在美國的高層決策者之間的討論開始開會利率。你可能沒有注意到,但儘管大反彈,我們在股市中所看到的,主權的利率(如在美國10年期國庫券收益率衡量)持續下降。在今年第一季度,收益率從2.27%下降到1.77%。
根據我們的東道主,美國的決策者們就變得自從歐洲(我們的主要貿易夥伴之一)和日本採用負利率削弱本國貨幣,避免通貨緊縮都已成定局,這只是一個時間問題美國前會做同樣的。
即美國將實行負利率政策(或“NIRP”的簡稱)的可能性令人擔憂。你可能已經聽說過這個新的貨幣政策。這就像資本主義天翻地覆。而不是被支付給保存資本,你不得不只需付,讓你已經賺來的錢。負利率只不過是政府的盜竊多。它的銀行從字面上你一切你保持你的錢以美元,日元或歐元一天偷。
我出席了晚宴並沒有關於這種類型NIRP的政策,雖然。我們的主持人是假設負利率將在美國肯定會發生,他想談的那個晚上是不是NIRP是否會在美國發生的問題。他想討論下一步會發生什麼......如何,政府可以把可能資本主義重新走到一起,如果所有的地獄NIRP下破鬆動。
這裡的假設:如果有什麼NIRP蔓延全球?如果他們在每一個主要紙幣在世界各地實施的呢?你可以把它像多米諾骨牌一樣。日本已經做到了。歐洲已經做到了。瑞典,太。
而昨天晚上,中國成為下跌了最新的主要多米諾骨牌。隔夜香港銀行同業拆放利率(“HIBOR”),這就決定了在城市的銀行必須支付借中國人民幣彼此率降至負3.725%的速度遞增。誰在他的腦子會想持有人民幣,如果它的成本每年近4%,只是為了保持他的錢存在銀行?
美國很可能下一個。如果所有的世界主要儲備貨幣的開始支付負利率,美聯儲將紛紛效仿。否則,美元將飆升,崩潰我們的經濟。因此,如果在世界上所有的主要銀行都收取負利率...這裡將隔夜銀行存款和萬億萬億美元逃往下一個?
想像一下,你是$ 300十億再保險巨頭慕尼黑再保險公司的負責人。你必須持有巨額現金儲備,因此您可以支付索賠,他們應該出現。數以百萬計的世界各地的人們依賴(並已支付),你所做的,以保護自己的家園,企業,屬性和整個城市的保障。
而現在,而不是在這些儲備賺取利息,您的公司必須支付巨資只是為了讓您的資金安全。會有什麼誰運行像慕尼黑再...或摩根大通......或者日本巨額的三井住友銀行公司的人,他們用自己的資本?他們怎麼能保證它的安全在負利率時代?
什麼人會做什麼?你會在哪裡把你的錢,如果美國銀行和富國銀行開始每天繁重你的財富和你的儲蓄,而不是付你的興趣呢?你將如何把錢安全嗎?
讓我們來看看人們實際上做什麼,當面對這個難題。慕尼黑再保險是應對負利率通過囤積現金(上千萬)...並通過舉辦近30萬盎司的黃金。媒體報導稱該公司已經在黃金市場的活躍買家。正如彭博新聞社說...
機構投資者包括保險公司,儲蓄銀行和養老基金正在辯論是否可能是值得銘記的持有實物現金保險和物流成本為隔夜存款利率跌幅較深低於零,負收益率削弱投資回報。
想想這意味著什麼了一小會兒......,看看如果你沒有發現自己比有點擔心了。 NIRP將觸發大規模,全球性的“銀行擠兌”,每個人都開始設法囤積貨幣和黃金,以避免央行正在充電的懲罰使用紙幣。
相信我,當我告訴你...在美國決策者們認識到這種風險。這不是世界末日......它的發生現在。這些風險到底為什麼黃金已超過30年看到了它的最大季度走高。
運行已啟動。
看看是誰突然買入黃金...的投資銀行高盛約翰·桑頓原副委員長現在運行巴里克黃金,全球最大的黃金生產商之一。高盛已經購買三噸實物黃金以其房子帳戶。
斯坦利德魯肯米勒 - 過去30年,量子基金的前負責人的最成功的投資者之一 - 擁有他個人的投資組合中約30%的黃金。
同樣是整個華爾街的最好的對沖基金經理的高層真:約翰·保爾森在幾家金礦公司的股份。大衛·艾因霍恩是一個巨大的黃金牛市,擁有100多萬投資於黃金股票$。保羅·辛格說,這是唯一真正的錢。戴利奧雷 - 布里奇沃特,是世界上最大的對沖基金的創始人 - 說,“如果你沒有自己的黃金,你知道沒有歷史,也不經濟。”
我可以繼續下去,但你明白了吧。億萬富翁突然囤積黃金和闡述了其在歷史上的作用。那豈不是讓你想知道到底發生了什麼在幕後?越來越多的高層人士在金融買金數額巨大。為什麼?因為我在吃飯只是幾天前了解到...
概述NIRP的風險和紙幣,這些政策會產生不可避免的運行後,我們在大都會俱樂部主持人問我們一個簡單的問題...
全球央行將如何重新獲得貨幣體系的控制,當這一切終於打破了?什麼可以讓人們停止囤積現金,停止購買黃金,把錢放回銀行?
我簡直不敢相信自己的耳朵。這裡曾是前政府官員 - 在最高水平 - 公開討論一個全球性的銀行擠兌以及美聯儲和其他央行將設法阻止它。我從來沒有在我的職業生涯聽到有人在討論政府這樣的場景。而我們的主持人不僅是琢磨這是否可能發生。他制定打擊它的計劃。他假設它會發生......很快。
然後他解釋也就只有一個肯定的方式來獲得系統的控制權:要使用金。他指出,美國財政部擁有比整個世界的任何人都多的黃金。
對美國財政部的黃金儲備的細節故事很重要。所以審查,美國財政部擁有黃金2.48億盎司。它的舉辦,主要是在金磚的形式,在三個位置:諾克斯堡,西點,和美國鑄幣局在丹佛。
同樣重要的......你應該知道,這個黃金約三分之二基本上是私人公民的美國被盜1933年,羅斯福禁止黃金私有製。擁有黃金的權利並沒有恢復到1974年沒收的黃金被熔化成磚塊。然後,在1937年,它被放在一個特殊的九車美國陸軍火車運到諾克斯堡。此後,只是誰被允許看到黃金的唯一的人是從畢馬威會計師事務所審計。沒有人被允許入內。
我們的晚餐主人解釋會發生什麼這枚如果NIRP政策造成了紙幣全局運行。這時候我真的擔心...
重新建立信譽和恢復金融體系的紙幣全局運行的情況下控制的唯一方法是重新建立美國的美元兌換成黃金。我們的主機所描述的裝置,用於實現這一目的。美聯儲,他說,可以提供交換所有已持有的國債(約2.4萬億$)的所有由美國財政部所擁有的黃金。當你做數學題,你來為$ 9,677一個新的美元對黃金的比例。大約$ 10,000盎司。
我們的主機繼續描述這樣一個系統是如何工作的,這超出了今天的文摘範圍幾個重要的細微差別。我想確保你理解三個關鍵的事情,我在這次會議上了解到...
你必須了解的第一件事是全球紙幣體系正在瓦解。防止離譜主權債務的重壓下銀行體系崩潰的唯一方法是負利率......非常的事,會引發系統本身上運行。這一結果的必然性已經影響了世界上最大的銀行,保險公司和富有的投資者的行為。而且他們都要做的一件事:購買黃金。
你應該知道的第二件事是,作為這場危機的展開,人們和周圍政府誰了解如何使用我們的國家的黃金(其中大部分是從公民被盜)將重新建立金融秩序。但是,這麼多的錢已經憑空認為黃金價格將上漲(相對於美元)它倒塌後穩定系統。
你要了解的第三件事是,政府幾乎肯定會做一些事情來阻止你購買黃金,當恐慌來。這就是為什麼我們的主機(前領先的政府官員)現在購買黃金。這就是為什麼你必須這樣做,太 - 馬上。
正如你可以告訴...這吃飯對我產生了深遠的影響。我走開了沉默,因為我的同事一樣。我簡直是在敬畏在我聽說過的艱鉅性。
我花了過去幾天苦苦來包裝我的腦海裡圍繞這一切都說明...對於我來說,我的用戶,我的家人......和我們的國家。對於我和我的朋友,那天晚上誰在吃飯,任何事都不會一樣了。不會有一個晚上的休息沒有這個想法在我們心中的背面。絕不會有一天在我們的生活,我們忘記了我們被告知......這意味著什麼會發生。
起初,我不知道如果我能告訴你說了些什麼,或者誰是有什麼。但令我驚訝的是,我從我們的主機發布的討論內容的摘要獲得許可。
然後,我決定,如果我敢這樣做。
你看,這是一個詳細的計劃,停止對美元運行。這是一個的被秘密在金融和政府的最高級別討論的計劃。如果該計劃通過,正式的,這將是毫無疑問,在世界上最高度機密,戒備森嚴的金融秘密。我可以分享這些信息把我自己(和我公司)在一些危險。但是......這就是我覺得我不得不這樣做。
我想做得更多。
首先,我要舉辦現場講座,討論一切,我聽說,當晚又意味著什麼我們作為一個國家和投資者。
第二,我已經把我的最好的資源分析師在全國各地,以滿足在黃金行業的領導者。我建設我的第一次金研究產品。對於我的職業生涯的第一次,我打算把自己的名字在一個充分多元化的黃金投資組合。
在過去,我建議以下凱西研究和約翰·多迪的黃金股票分析師諮詢。我們甚至還發表在Stansberry資源報告一些黃金研究。但展望未來,我將親自領導我們的努力。而我聘請一個新的大型團隊產生對黃金和貴金屬部門提供的最好的作品。像往常一樣,當我決定做一些事情,我要確保這是偉大的 - 遠遠超過任何其他研究其他任何地方都要好。
第三,我們將繼續按照NIRP故事每天為您的精華。不管你是否參加我們關於這些風險講座或要訂閱我的新的黃金的研究,我要確保你完全掌握最新的對銀行的全球運行的風險日益增加。這是我們面對我們的財富和我們國家的穩定的最大風險......而大多數人還沒有意識到這些問題的嚴重程度已經成為。
你會看到這個故事的詳細報導,在未來的幾天裡,我們將繼續對這些風險的向前發展報告。你不會是數以百萬計的投資者誰從來沒有見過這個未來之中。
最後一件事......早在2007年和2008年,當我開始在巨大的風險報告提出的對我國經濟由抵押貸款泡沫,當我警告房利美和房地美將破產,通用汽車破產...並的可能性投資銀行倒閉,大多數人都以為寫這些東西意味著我希望他們會發生。不久,我收到了死亡威脅。有些人甚至送到我家。
請不要混為一談我報導事實不然我警告能與我想會發生發生的事。我不希望銀行在全球運行。我不希望黃金價格飆升至$ 10,000盎司。所有的這些事情將是可怕的為我們的國家和世界各地的千百萬人。
相信我,我希望我是完全錯誤的關於所有這些事情。但在我職業生涯的第一次,我可以清楚地看到,我們正在朝紙幣系統的崩潰大規模倒向。在我看來,這不是的問題,“如果”這是一個事“的時候。”
我希望你能和我一起週三晚上對這些風險進行充分的討論。點擊這裡保留你的位置。
問候,
波特Stansberry
How America will return to the gold standard
謝馬兄提供文章資料
From Porter Stansberry in Stansberry Digest:
Nobody said a word for five blocks…
A few days ago, I (Porter) walked out of a dinner meeting at the Metropolitan Club of New York. I can remember every sight and sound. It all plays back in my head like a high-definition movie. This is not an April Fools’ Day joke, unfortunately. This is a true story, down to the last, incredible, detail.
It was 9:43 p.m. It was Tuesday night. It was about 45 degrees. I was with two of my closest friends and colleagues. There was no wind. Traffic was light. We took a left on Madison, heading north. We went to Club Macanudo on East 63rd Street for an after-dinner drink.
And like I said… nobody said a word.
I was in shock. It felt like I was walking away from a car accident. My adrenaline was pumping. My mind was racing. I couldn’t fully process what I had just learned… but I had never been so afraid – not like this.
At the last minute, I had been invited to have dinner with one of the most powerful men in the world. This man guards his reputation closely. For reasons that will become clear, he does not want to be named in this story. You would immediately recognize his name and you would certainly know his reputation.
His career has spanned the last 40 years and includes stints at the highest levels of the U.S. government. For the last dozen years, he has served as an advisor to the world’s wealthiest men. He sits squarely at the nexus between government policy and the country’s wealthiest and most influential people.
He invited me to dinner on the fifth floor of the Metropolitan Club. Few people outside of New York know about this club. But it’s one of the ultimate bastions of wealth and privilege in our country. Built by J.P. Morgan himself, it sits on the southeast corner of Central Park on Fifth Avenue.
Among other notable events, investing legend Warren Buffett celebrated his 50th birthday there. The most powerful and wealthiest people in the country meet there for dinner. The real policies that run our country get debated and decided there.
I was with two friends that night – our director of business development, Mark Arnold, and Erez Kalir, a well-known and successful hedge-fund manager.
Before coming to Stansberry Research three years ago, Mark was a partner at one of the largest venture-capital law firms in the U.S. He has worked on hundreds of major funding deals. He received his undergraduate degree from Duke and he has both an MBA and a law degree.
A few years ago, Erez managed around $1 billion as part of the Tiger Management group – the hedge-fund family controlled by legendary investor Julian Robertson. Today, Erez runs a small, private investment-advisory business… whose name you might recognize. (It’s called Stansberry Asset Management.*) This firm – which is separately owned and managed – licenses our name and uses our research to build portfolios for high-net-worth investors.
Erez is the smartest investor I have ever met. He received his undergraduate degree from Stanford, was a Rhodes scholar, and graduated from Yale Law School, where he was on Law Review.
You need to understand… the people I was meeting with that night were not conspiracy theorists. They are smart, experienced professionals who know the world (and the major players) of finance inside and out. They do not scare easily. They have seen panics, booms, and busts all around the world. And yet… what we learned at dinner sobered all of us and affected us in a way no other discussion in my career ever has.
Our host – who, by the way, was scheduled to appear on national television at 10 p.m., immediately after our dinner – began the meeting by describing discussions among senior policymakers in the U.S. about the possibility that the U.S. will follow Europe and Japan into negative interest rates. You probably haven’t noticed, but despite the big rebound we’ve seen in the stock market, sovereign interest rates (as measured by the yield on the U.S. 10-year Treasury bond) have continued to fall. In the first quarter of the year, the yield fell from 2.27% to 1.77%.
According to our host, among U.S. policymakers it was becoming a foregone conclusion that since Europe (one of our major trading partners) and Japan were both using negative interest rates to weaken their currencies and to avoid deflation, that it was only a matter of time before the U.S. would do the same.
The likelihood that the U.S. will implement a negative interest-rate policy (or “NIRP,” for short) is worrisome. You might have heard about this new kind of monetary policy. It’s like capitalism turned upside down. Instead of being paid to save capital, you’re forced to pay just to keep the money you’ve already earned. Negative interest rates are nothing more than government theft. Its banks literally steal from you every day that you keep your money in dollars, yen, or euros.
The dinner I attended wasn’t about these kinds of NIRP policies, though. Our host was assuming that negative interest rates would certainly occur in the U.S. The problem he wanted to talk about that night wasn’t whether NIRP would happen in America. He wanted to discuss what would happen next… and how the government could possibly put capitalism back together if all hell broke loose under NIRP.
Here’s the hypothesis: What if NIRP spread globally? What if they’re implemented around the world in every major paper currency? Think of it like dominoes. Japan has done it. Europe has done it. Sweden, too.
And last night, China became the latest major domino to fall. The overnight Hong Kong interbank offer rate (“Hibor”), which determines the rate that banks in the city have to pay to borrow Chinese yuan from each other, fell to negative 3.725% annually. Who in his right mind would want to hold yuan if it costs nearly 4% a year just to keep his money in a bank?
America is likely next. If all of the world’s major reserve currencies begin paying negative interest rates, the Federal Reserve will have to follow. Otherwise, the dollar would soar and crash our economy. So if all the major banks in the world are charging negative interest rates… where will the trillions and trillions of dollars in overnight banking deposits flee to next?
Imagine you’re the head of $300 billion reinsurance giant Munich Re. You must hold huge cash reserves so you can pay claims, should they arise. Millions of people around the world depend (and have paid for) the guarantees you’ve made to protect their homes, businesses, properties, and entire cities.
And now, instead of earning interest on these reserves, your company must pay huge sums of money simply to keep your capital safe. What will the people who run firms like Munich Re… or JPMorgan Chase… or Japan’s huge Sumitomo Mitsui Banking do with their capital? How can they keep it safe in an era of negative interest rates?
And what will individuals do? Where would you put your money if Bank of America and Wells Fargo began taxing your wealth and your savings every day, instead of paying you interest? How would you keep your money safe?
Let’s see what people are actually doing when faced with this conundrum. Munich Re is responding to negative interest rates by hoarding cash (tens of millions)… and by holding almost 300,000 ounces of gold. Media reports claim the firm has been an active buyer in the gold market. As Bloomberg News says…
Institutional investors including insurers, savings banks, and pension funds are debating whether it may be worth bearing the insurance and logistics costs of holding physical cash as overnight deposit rates fall deeper below zero and negative yields dent investment returns.
Think about what that means for a little while… and see if you don’t find yourself more than a little worried. NIRP could trigger a massive, global “run on the bank” as everyone begins trying to hoard currency and gold to avoid the penalties being charged by the central banks for using paper money.
Trust me when I tell you… Policymakers in the U.S. are cognizant of this risk. This isn’t a doomsday scenario… It’s happening right now. These risks are exactly why gold has seen its biggest quarterly move higher in more than 30 years.
The run has started.
Look who is suddenly buying gold… former vice chairman of the investment bank Goldman Sachs John Thornton is now running Barrick Gold, one of the world’s largest gold producers. Goldman has already purchased three tons of physical gold for its house account.
Stanley Druckenmiller – one of the most successful investors of the last 30 years and former head of the Quantum Fund – holds about 30% of his personal portfolio in gold.
The same is true across the top echelon of Wall Street’s best hedge-fund managers: John Paulson owns stakes in several gold-mining companies. David Einhorn is a huge gold bull, with more than $100 million invested in gold stocks. Paul Singer says it’s the only real money. Ray Dalio – founder of Bridgewater, the largest hedge fund in the world – says, “If you don’t own gold, you know neither history nor economics.”
I could go on, but you get the point. Billionaires are suddenly hoarding gold and expounding on its role in history. Doesn’t that make you wonder what’s really going on behind the scenes? More and more senior people in finance are buying huge amounts of gold. Why? Because of what I learned at dinner just a few nights ago…
After outlining the risks of NIRP and the inevitable run on paper currencies these policies will produce, our host at the Metropolitan Club asked us a simple question…
How will the world’s central banks regain control of the monetary system when it all finally breaks down? What will get people to stop hoarding cash, to stop buying gold, to put their money back in the banks?
I couldn’t believe my ears. Here was a former government official – at the very highest level – openly discussing a global bank run and how the Federal Reserve and other central banks would try to stop it. I have never in my career heard anyone in government discuss such a scenario. And our host wasn’t merely pondering whether or not this could happen. He was formulating a plan to combat it. He was assuming it would happen… and soon.
He then explained there would only be one sure way to gain control of the system: To use gold. He noted that the U.S. Treasury owns more gold than anyone else in the entire world.
The details about the Treasury’s gold hoard are important to the story. So for review, the U.S. Treasury owns 248 million ounces of gold. It’s held, mostly in the form of gold bricks, at three locations: Fort Knox, West Point, and the U.S. Mint in Denver.
Also important… you should know that about two-thirds of this gold was essentially stolen from private U.S. citizens in 1933, when FDR outlawed the private ownership of gold. The right to own gold wasn’t reinstated until 1974. All of the confiscated gold was melted down into bricks. Then, in 1937, it was put on a special nine-car U.S. Army train and shipped to Fort Knox. Since then, just about the only people who have been allowed to see the gold are auditors from KPMG. No one else is allowed inside.
Our dinner host explained what would happen to this gold if NIRP policies caused a global run on paper money. And that’s when I got genuinely afraid…
The only way to re-establish credibility and regain control of the financial system in the event of a global run on paper currencies would be to re-establish the U.S. dollar’s convertibility into gold. Our host described the means for accomplishing this goal. The Fed, he said, could offer to swap all of the Treasury bonds it holds (about $2.4 trillion) for all of the gold owned by the U.S. Treasury. When you do the math, you come with a new dollar-to-gold ratio of $9,677. Roughly $10,000 an ounce.
Our host went on to describe several important nuances to how such a system would work, which goes beyond the scope of today’s Digest. I want to make sure you understand three key things I learned at this meeting…
The first thing you must understand is the world’s system of paper money is unraveling. The only way to prevent a collapse of the banking system under the weight of outrageous sovereign debts is negative interest rates… the very thing that will spark a run on the system itself. The inevitability of this outcome is already influencing the behavior of the world’s largest banks, insurance companies, and the wealthiest investors. And they’re all going to do one thing: Buy gold.
The second thing you should know is that as this crisis unfolds, people in and around government who understand how to use our country’s gold (most of which was stolen from citizens) will re-establish financial order. But so much money has been created out of thin air that the price of gold will have to soar (relative to the dollar) to stabilize the system after it collapses.
The third thing you have to understand is that the government will almost surely do something to prevent you from buying gold when the panic comes. That’s why our host (a former leading government official) is buying gold now. And that’s why you must do so, too – immediately.
As you can tell… this dinner had a profound effect on me. I walked away in silence, as did my colleagues. I was simply in awe at the enormity of what I had heard.
I’ve spent the last several days struggling to wrap my mind around what this all means… for me, for my subscribers, for my family… and for our country. For me and my friends who were at dinner that night, nothing will ever be the same again. There will not be another night’s rest without this idea in the back of our minds. There will never be another day in our lives that we forget what we were told… and what it means will happen.
At first, I wasn’t sure if I could tell you anything about what was said, or who was there. But much to my surprise, I received permission from our host to publish a summary of what was discussed.
Then I had to decide if I dared to do so.
You see, this was a detailed plan to stop a run on the dollar. It’s a plan that’s being discussed in secret at the highest levels of finance and government. If this plan is adopted and formalized, it would be, without a doubt, the most highly classified, closely guarded financial secret in the world. I could be putting myself (and my company) in some jeopardy by sharing this information. But… that’s what I felt I had to do.
And I want to do more.
First, I’m going to host a live webinar to discuss everything I heard that night and what it means for us as a country and as investors.
Second, I’ve sent my best resource analyst around the country to meet with leaders in the gold industry. I’m building my first-ever gold-research product. For the first time in my career, I’m going to put my own name on a well-diversified portfolio of gold investments.
In the past, I’ve recommended following Casey Research and John Doody’s Gold Stock Analyst advisory. We’ve even published some gold research in the Stansberry Resource Report. But going forward, I’m going to be leading our efforts personally. And I’m hiring a large new team to produce the best work available on gold and the precious metals sector. As usual, when I decide to do something, I make sure it’s great – far better than any other research you can get elsewhere.
Third, we’re going to continue to follow the NIRP story every day for you in the Digest. Regardless of whether you attend our webinar about these risks or you subscribe to my new gold research, I’m going to make sure you stay completely up to date on the growing risks of a global run on the banks. It’s the greatest risk we face to our wealth and to the stability of our country… And most people don’t yet realize how serious these problems have already become.
You’ll see detailed coverage of this story over the next several days, and we’ll continue to report on these risks going forward. You won’t be among the millions of investors who never saw this coming.
One last thing… Back in 2007 and 2008, when I began to report on the huge risks posed to our economy by the mortgage bubble, and when I warned about Fannie Mae and Freddie Mac going broke and General Motors going bankrupt… and the likelihood of the investment banks going bust, most people thought that writing about these things meant that I was hoping they would happen. Soon, I was receiving death threats. Some were even sent to my home.
Please do not conflate the facts I report or the things I warn could happen with what I wish would occur. I do not hope for a global run on banks. I do not hope for the price of gold to soar to $10,000 an ounce. All of these things would be terrible for our country and for millions and millions of people around the world.
Believe me, I hope I’m completely wrong about all of these things. But for the first time in my career, I can clearly see that we’re careening toward a massive collapse of the paper-money system. In my view, it’s not a matter of “if.” It’s a matter of “when.”
I hope you’ll join me Wednesday night for a full discussion of these risks. Click here to reserve your spot.
Regards,
Porter Stansberry
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