Dear Reader, This might be the most important chart in the world today... As you can see, the largest decline in the value of long-term bonds ever is underway... But sure... nothing to see here, right folks? Remember, these are the assets banks are required to own as "risk-free" assets. And today, they have lost nearly 50% of their value. In other words, the only thing keeping many of these institutions from going bankrupt is that the depositors haven't started asking for their money back. With bonds yielding 5% today, we must ask ourselves... How long before Americans pull money out of their near-zero yielding checking accounts and send it where it will actually earn them money? My friend, company founder – Porter Stansberry – thinks it could happen a LOT sooner than most people think... most likely in the early months of 2024. But here's the thing... What's most troubling is that he foresees the collapse of one of the world's largest banks... and shares a case for why, this time, the government will be totally helpless to step in and bail the banks out. If you haven't seen him explain why yet, click here. Regards, Brett Aitken
Publisher, Stansberry Research | 