Living Well At The End Of America

EXCLUSIVE: Porter Stansberry warns of real danger

WND

Porter Stansberry

I’ve spent much of the last several years warning people about the “End of America”…

I’ve shown my readers what is about to happen and tried to convince them to take precautions before it’s too late.

But let’s face it … my work is mostly for wealthy people who mainly want to continue to be wealthy. So I’ve focused on how to prepare for these changes from the perspective of an investor – someone whose primary goal is to earn a return on his capital. I had precious little to offer regular wage-earners.

But the real danger right now is mostly to the middle class in America.

Americans owe more money, collectively, than ever before in our history – far, far, far more.

We owe at every level: $17 trillion at the federal level, $13 trillion in mortgages, another trillion in student loans, and nearly $3 trillion in state and local government debt. Put all of these numbers together and you end up with a $60 trillion pile of obligations. That’s nearly four years’ worth of our entire country’s total production.

To make sense of the numbers, just take a bunch of the zeroes away. Put these facts into a storyline that’s become all too common in America. Our economy is like a tattooed thug living in Detroit. In between burning broken-down cars and selling crack, he makes $16,000 a year working “security” at a local nightclub. Outside of busting heads, he has no real skills.

And why would he want to work hard to acquire them? Thanks to his public school education, he is convinced other people have a moral obligation to provide for him… especially rich people. They will give him health care, a clean apartment, a phone, etc. In his worldview, that’s what’s fair.

Read More Here

Reposted with permission.