6min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Porter Stansberry: Prepare for global chaos

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

The End of America

When powerful countries debase their currency and then begin to monetize their own debts, that's a repudiation of the basic social contract. And when you print money, you steal other people's savings; it causes a breakdown in social norms. Think about how much gambling has grown since the financial crisis of 2009: You just be illegal everywhere. Now everything is legal gambling. All of these new alternative things, including alternative forms of money, alternative lifestyles, gambling, everything in society begins to kind of go haywire because there is no basic social contract anymore. It all devolves into fraud and forgery and printing. So if you follow the QE, this is all happening exactly as I

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