Best of the Week
Most Popular
1.U.S. Inner City Turmoil and Other Crises: Ron Pauls Predictions for 2015 - Dr_Ron_Paul
2. What’s In Store For Gold Price in 2015? - Ben Kramer-Miller
3.Crude Oil Price Ten Year Forecast to 2025: Importers Set to Receive a $600 Billion Refund - Andrew_Butter
4.Je ne suis pas Charlie - I am not Charlie - Nadeem_Walayat
5.The New Normal for Oil? - Marin_Katusa
6.Will Collapse in Oil Price Cause a Stock Market Crash? - OilPrice.com
7.UK CPI Inflation Smoke and Mirrors Deflation Warning, Inflation Mega-trend is Exponential - Nadeem_Walayat
8.Winter Storms Snow and Wind Tree Damage Dangers, DIY Pruning - Nadeem_Walayat
9.Oil Price Crash and SNP Independent Scotland Economic Collapse Bankruptcy - Nadeem_Walayat
10.U.S. Housing Market Bubble 2.0 Meet the Pin - James_Quinn
Last 5 days
Ron Paul on U.S. Fed, Central Bankers Monetary Psychopaths - 29th Jan 15
Why Microsoft Stock Will Provide Major Investing Returns - 29th Jan 15
Exploring the Clash Within Civilizations - Mind the Gap - 29th Jan 15
Saudi Arabia Changes Kings, But Not its Oil Policy - 29th Jan 15
Crude Oil Price Bulls vs. Resistance Zone - 28th Jan 15
Acceleration Of Events With Rising Chaos – US Dollar Death Foretold - 28th Jan 15
The Fed and ECB Take the West back to when the Rich Owned Everything - 28th Jan 15
Washington's War on Russia - 28th Jan 15
Cyber War Poses Risks To Banks and Deposits - 28th Jan 15
Lies And Deception In Ukraine's Energy Sector - 28th Jan 15
EUR, AUD, GBP USD – Invalidation of Breakdown - 28th Jan 15
“Backup-Camera Envy” Is Driving This Unstoppaple Investment Trend - 28th Jan 15
The Great "inflated" Expectations for Gold, Oil, Commodities -- and Now Stocks - 28th Jan 15
How to Find the Best Offshore Banks - 28th Jan 15
There’s More to the Gold Price Rally Than European Market Fears - 28th Jan 15
Bitcoin Price Tense Days Ahead - 27th Jan 15
The Most Overlooked “Buy” Signal in the Stock Market - 27th Jan 15
Gold's Time Has Come - 27th Jan 15
France America And Religious Terror War - 27th Jan 15
The New Drivers of Europe's Geopolitics - 27th Jan 15
Gold And Silver - Around The FX World In Charts - 27th Jan 15
It’s Not The Greeks Who Failed, It’s The EU - 27th Jan 15
Gold and Silver Stocks Investing Basics - 27th Jan 15
Stock Market Test of Strength - 26th Jan 15
Is the Gold Price Rally Over? - 26th Jan 15
ECB QE Action - Canary’s Alive & Well - 26th Jan 15
Possible Stock Market Pop-n-drop in Store For SPX - 26th Jan 15
Risk of New Debt Crisis After Syriza Victory In Greece - 26th Jan 15
How Eurozone QE Works: A Guide to Draghi's News - 26th Jan 15
Comprehensive Silver Price Chart Analysis - 26th Jan 15
Stock Market More Retracement Expected - 26th Jan 15
Decoding the Gold COTs: Myth vs Reality - 26th Jan 15
Greece Votes for Syriza Hyperinflation - Threatening Euro-zone Collapse or Perpetual Free Lunch - 26th Jan 15
Draghi's "No-growth" QE Money for Stocks, Zilch for the Economy - 25th Jan 15
Unjust and Undeclared Wars - 25th Jan 15
The European Central Bank Commits Monetary Suicide - 25th Jan 15
Stock Market ECB EQE week - 25th Jan 15
Gold And Silver Timing Is Most Important Element - 25th Jan 15
The Best Way to Invest in the Next Alibaba Internet Stock IPO - 25th Jan 15
The Outpatient Surgery Business Rains Cash into Healthcare Stocks - 25th Jan 15
Stock Traders Flock to Gold GLD ETF - 24th Jan 15
10 Reasons Why You Need an Offshore Bank Account - 24th Jan 15
Goldman Sachs Blankfein - Regulation is Like Background Noise - 24th Jan 15
Gold in Euros Surges As ECB To Print Trillion Euros and Greek Election This Sunday - 24th Jan 15
Gold Bear Market Rally or New Bull ? - 24th Jan 15
Euro-zone 'QE already Working' Says IMF Lagarde - 23rd Jan 15
ECB and EU LTRO and QE for Dummies: Or, Make These Trades - 23rd Jan 15
Debt and Deflation: Three Financial Forecasts - There's More Than Falling Prices - 23rd Jan 15
Market Should Not Doubt' Mario Draghi ECB QE - 23rd Jan 15
Francs, Bonds, Barrels, and Bail-Ins - 23rd Jan 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

State of US Markets 2015 Report

Epic Crisis... and Vast Prosperity

Stock-Markets / Technology Mar 01, 2013 - 03:24 PM GMT

By: DailyWealth

Stock-Markets

Porter Stansberry writes: I have become well-known in financial circles for doom-and-gloom themes.

That's mainly because my professional life as a financial writer and analyst happened to correspond with the largest speculative bubbles in history.

As a result, I spent most of my 30s writing about one disaster or another... from the collapse of MCI-WorldCom and the dot-com/telecom bubble... to the mortgage/housing bubble... to today's sovereign-debt bubble (which, by the way, is the largest and most dangerous bubble yet... by a wide margin).



Here's the thing... I'm not a pessimist. Not at all.

What I know about human history and the evolution of technology makes me unbelievably optimistic about my future and the future of my children. I have no doubt that the next 25 years will contain the greatest creation of wealth in human history.

All around the world, technology is allowing people to move from the Stone Age into the Computer Age. The growth potential for humanity has never been greater. And I believe it will accelerate.

I've been writing for the last year or so about the future of computing – how computers will come to greatly augment human sensory perception and human action. We call the companies involved in this latest expansion of computing "Sensory Masters." (This video from Google gives you a peek into this new world. And by the way, all the technologies in this video exist right now. This isn't science fiction.)

These new technologies will continue to change our world at an ever-accelerating pace. They will create demand for additional global bandwidth, computer storage, and computer processors... demand we can't even imagine today.

And I'm helping my subscribers follow the best ways to make money in these trends in our newsletters. So please, don't ever mistake me for a pessimist.

Now... just because I believe the future will be better than we can imagine doesn't mean I'm not still very concerned about the finances of the U.S. government. And it doesn't mean I'm not still convinced that the U.S. dollar will lose its status as the world's reserve currency – a crisis I've been calling the "End of America."

It doesn't mean I doubt pain and trouble await millions of Americans who still don't understand the absurd risks our leaders are taking with our financial system.

Anyone with basic math skills should be able to understand that we will never repay our $20 trillion-plus federal debts (if accounted for honestly) – an amount equal to a staggering $175,000 per taxpayer. And that's only if you treat taxpayers equally, which, unfortunately, in America, we do not. As things stand today, we're counting on about 10% of the population to repay about 90% of these obligations. And that, my friends, will never, ever happen. What will happen will be a truly epic financial disaster.

Here's the worst part... these financial problems have been staring us in the face since 2009. We know exactly what's causing them – vastly too much debt and not enough savings. But what has changed? Not a damn thing. The government's debts continue to grow and grow.

So... how do you reconcile these two views? How can you simultaneously believe that life will get tremendously better... and that our government, our way of life, and our financial system are all on the verge of an epic, generational crisis?

Simple. That's the way progress happens.

Progress isn't uniform. Just consider the 20th century. More people were violently killed in the last century than in all of human history before that point, combined.

That 100-year period saw the rise of communism and socialism, two of the greatest wealth-destroying ideas ever planted in the human mind. It saw China, the single-largest ethnic population, succumb to a civil war and spend most of the period locked in a totally senseless, self-imposed isolationism. It saw two World Wars, the Great Depression, Stalin, the Cold War, and the "Domino Theory" that sent so many U.S. citizens to die in jungles, for nothing. And yet...

During the last 100 years, we also saw the discovery of antibiotics – the greatest medical advance of all time. We saw average life expectancy double, from around 30 years to more than 60, globally.

See the point? We expect a financial crisis because we understand accounting and math. But we expect prosperity because we understand history, technology, and progress. There's no contradiction...

While I believe the sovereign-debt bubble will end badly, huge fortunes will also be made during the next phase of the computer revolution.

I recommend readers keep a large portion of their wealth in gold, silver, income-producing real estate, and very safe "capital efficient" companies.

But you're crazy not to take a portion of your capital and invest it in technology businesses that will profit from the tectonic shift taking place in our world today. In 10 or 20 years, they will be 10... 20... or 100 times their current size.

It's inevitable... just like the computer revolution was inevitable in the 1970s... or the automobile revolution was inevitable in the 1920s.

Regards,

Porter Stansberry

P.S. I'm confident no other newsletter in the world has covered these trends as well as we have... and gotten its readers into the best technology investments in the world. This month's issue covered a special company that dominates a vital tech industry. Although I doubt you've heard of this company, it is every bit as ingrained in your life as Microsoft, Intel, and Apple are. As with a lot of our research, we invite you to give it a try, risk-free. Click here to learn more.

http://www.dailywealth.com

The DailyWealth Investment Philosophy: In a nutshell, my investment philosophy is this: Buy things of extraordinary value at a time when nobody else wants them. Then sell when people are willing to pay any price. You see, at DailyWealth, we believe most investors take way too much risk. Our mission is to show you how to avoid risky investments, and how to avoid what the average investor is doing. I believe that you can make a lot of money – and do it safely – by simply doing the opposite of what is most popular.

Customer Service: 1-888-261-2693 – Copyright 2013 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This e-letter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Daily Wealth Archive

© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014