04.01.2016 BY MIKE PALMER, STANSBERRY RESEARCH
No one believed Porter Stansberry eight years ago.
As
head of one of America’s largest independent financial research firms,
Mr. Stansberry’s work back in 2008 led him to a bold, but worrisome,
conclusion:
He
predicted that the world’s largest mortgage bankers–Fannie Mae and
Freddie Mac, which at the time were responsible for nearly 50% of all
the mortgages in America–would soon go bankrupt.
In
fact, in June of 2008, while their stock prices were still trading at
well over $20 per share, Stansberry published a report to his customers
titled: “Fannie Mae and Freddie Mac Are Going to Zero.”
Inside this report, Stansberry explained:
“For
those of you who don’t work in the financial industry, it might be hard
for you to immediately grasp what’s so dangerous about the extreme
amount of leverage employed by Fannie Mae and Freddie Mac. Let me
explain exactly what Fannie and Freddie do and why they’re in so much
jeopardy…”
We all know what happened next.
Both agencies went bust—and if not for a bailout from the Federal Government, both would have declared bankruptcy.
Barron’s –
America’s second biggest financial newspaper – even wrote a story about
Mr. Stansberry’s accurate prediction, and called it “remarkably
prescient”
Over
the years, Mr. Stansberry has made a name for himself by accurately
predicting the biggest and most important collapses in America. A few
others he’s accurately identified well in advance include: General
Motors, General Growth Property (America’s biggest mall owner), D.R.
Horton (a homebuilder), and Gannett newspapers, to name just a few.
Stansberry
also predicted the recent collapse of oil and natural gas prices as
early as 2010, when he wrote a report titled: “Peak Oil is a Flat Lie.”
As Mr. Stansberry writes:
“No one believed me years ago when I said the world’s largest mortgage bankers would soon go bankrupt.
And no one believed me when I said GM would fall apart… or that the same would happen to General Growth Properties.
But that’s exactly what happened.”
And, that brings us to today…
This
collapse, says Stansberry, will change everything about our normal way
of life: where you vacation… where you send your kids or grandkids to
school… how and where you shop… the way you protect your family and
home.
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