by Porter Stansberry
Since 2009, total global debt has increased by $57 trillion, according to consulting firm McKinsey. That’s about the same amount of debt as America owed, in total, back in 2009.
Said another way, in a little more than six years, the world has added a new pile of debt as big as the one that blew up the American economy.
Over the next decade, the biggest threat to your wealth won’t be the risk of losing your savings to a market crash. The biggest threat (by far) is the risk of losing your wealth to our government via confiscation or devaluation… or both.
My fear is that the stock market disappears. My fear is that the government defaults. My fear is that no bank will survive.
What should you do? The most important thing is to learn to avoid the “normalcy bias.” As these financial pressures build, keep your eye out for things that just don’t look right.
Source: Stansberry Digest
http://thecrux.com/porter-stansberry-an ... f-america/