Best of the Week
Most Popular
1.Stock Market Crash and Recession Indicator Warning: Extreme Danger Ahead - Harry_Dent
2. Is This How World War III Begins, In Almost Complete Silence? - Jeff_Berwick
3.Trump Wins 2nd Presidential Debate, Betfair Betting Markets Odds Bounce - Nadeem_Walayat
4.Why Krugman, Roubini, Rogoff And Buffett Dislike Gold - GoldCore
5.End of SPX Stock Market Correction Nears - Tony_Caldaro
6.Get Ready for the Future - Exponential Machine Intelligence Mega-trend towards Singularity - Nadeem_Walayat
7.US Housing Market Bubble II – It’s Happening Again! - Andy_Sutton
8.FTSE BrExit Stock Market Panic Crash Resolves towards New All Time Highs - Nadeem_Walayat
9.Can Trump Still Win Despite Opinion Polls, Bookmakers and Pundits all Saying Hillary has Won? - Nadeem_Walayat
10.Gold’s, Miners’ Stops Run - Zeal_LLC
Last 7 days
Establishment Mainstream Media Elite Buys US Election for Hillary Clinton, Time Running Out for Trump - 23rd Oct 16
Inflation About To Explode Higher - 22nd Oct 16
Still waiting for SPX uptrend to kick off - 22nd Oct 16
Will a Rising US Dollar Crush Gold’s Fledgling Bull? - 22nd Oct 16
Why The Global Economy Will Disintegrate Rapidly Back to Olduvai Gorge - 22nd Oct 16
GLD Bleeds Out; Weekly Gold Update - 22nd Oct 16
Stock Market Investment Success Through the “Investment Rule of 72” - 21st Oct 16
The Final Bottom in Gold - WHEN - 21st Oct 16
Gold Green Lights Upleg - 21st Oct 16
Demand for US Mints Silver Eagles has ‘Returned with a Vengeance’ - 21st Oct 16
Central Bankers Can't Stop The Death Blow Of The Post US Election Recession - 21st Oct 16
The Fortune at the Bottom of the Pyramid: Golden Opportunity for Frontier Asia - 21st Oct 16
Have You Taken These 4 Simple Steps to Improve Your Trading? - 21st Oct 16
The Stock Market is an Accident Waiting to Happen - 20th Oct 16
It's Rally Time for Gold and Silver Equities - 20th Oct 16
Cashless Society – Risks Posed By The War On Cash - 20th Oct 16
China's insane Housing Market Will Tumble and Crash in 2017 - 20th Oct 16
Donald Trump Bounces Going into 3rd and Final US Presidential Election Debate - 20th Oct 16
Attention Please: Phase Two of the Gold and Silver Train Now leaving the Station. All Aboard? - 19th Oct 16
How to Successfully Trade a Stock Market Crash - Black Monday October 19th 1987 - 19th Oct 16
Tesla, Apple and Uber Push Lithium Prices Even Higher - 18th Oct 16
Silver, Debt, and Deficits – From an Election Year Perspective - 18th Oct 16
UK Property Market: Slow Growth Does Not Equate To Decline - 18th Oct 16
Trump Election Victory is in Your Power - 18th Oct 16
Stock Market More to Come! - 18th Oct 16
This Past Week in Gold and Silver - 17th Oct 16
A Falling Stock Market Cannot Be Allowed - Financial Repression Is Now “In-Play”! - 17th Oct 16
Commodities, Forex and Stock Market Trend Forecasts - 17th Oct 16
Stock Market Crash..or No Crash? - 17th Oct 16
A perspective on risk rally – Risks abound but Stock Market is Confident - 17th Oct 16
Bank of England Blames Brexit for Sterling Drop Inflation, Masks QE Money Printing Cause - 17th Oct 16
From Piety to Pride to Pity, America's Racial Divide - 17th Oct 16
Is Obama Juicing US Government Spending To Get Hillary Clinton Elected? - 16th Oct 16
Seek Your Independence: Anything Else Will Destroy You - 16th Oct 16
SNL - US Presidential Debates, 1st, 2nd, VP - Like You've Never Seen them Before! - 16th Oct 16
End of Economic Growth Sparks Wide Discontent - 16th Oct 16
Donald Trump on Life Support, May Abandon Election Campaign and War on Republican Party - 15th Oct 16
The Gold Manipulators Not Only Will Be Punished, They Have Been Punished - 15th Oct 16
Black Votes Matter - Is the US on the Verge of Mass Race Riots? - 15th Oct 16
Gold Stocks Screaming Buy - 14th Oct 16
Brace Yourself for the Quadrillion-Dollar Reckoning - 14th Oct 16
The Next Recession Will Blow Out the Budget - 14th Oct 16
John Mauldin: My Infrastructure Plan to Save the US Economy - 14th Oct 16
World War III On The Brink: War Will Continue Until It Triggers Economic Collapse - 14th Oct 16
US T-Bill Rejection At Ports In Progress - 14th Oct 16
These 2 Debt Instruments Pose Peril to Millions of Investors - 14th Oct 16
China’s Rocketing Housing Market Real Estate Bubble - 14th Oct 16
DIY Winter Home Maintenance Money Saving 22 Point Checklist to Get Ready for Winter/Fall - 14th Oct 16
US Stock Market, Big Picture View - 13th Oct 16
Stock Buybacks Main Force Driving Bull Market; Rewards Investors and Starves Innovation - 13th Oct 16
SPX Gapping Down... - 13th Oct 16
Syria - Obama Stepped Back From Brink, Will Hillary? - 13th Oct 16
The Structure and Future of Gold in the Investment and Monetary World - 13th Oct 16
Can Trump Still Win Despite Opinion Polls, Bookmakers and Pundits all Saying Hillary has Won? - 12th Oct 16
Gold and Crude Oil - General Stock Market Links - 12th Oct 16
Samsung's Galaxy Battery Just The Tip Of The Iceberg - 12th Oct 16
Hillary: Deceit, Debt, Delusions (Part Two) - 12th Oct 16
Gold and Silver Metals Show Strength Relative to the USD Index - 12th Oct 16
Announcing Trader Education Week -- a Free Event to Help You Learn to Spot Trading Opportunities - 12th Oct 16
Confirmed Stock Market Sell Signals - 11th Oct 16
Hillary Deceit, Debt, Delusions - 11th Oct 16
Trump Support Crashes to New Low of 6.4 on Betfair Odds Betting Market - 11th Oct 16
The World Is Turning Dangerously Insular - 11th Oct 16
An American Tragedy: Trump Won Big - 11th Oct 16

Free Instant Analysis

Free Instant Technical Analysis

Market Oracle FREE Newsletter

LEARN to Trade

Epic Crisis... and Vast Prosperity

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

By: DailyWealth


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.


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.

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

© 2005-2016 - 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

Catching a Falling Financial Knife