If you are worried about the possibility of a large scale U.S. financial crisis in 2016, you are not alone.
In recent months, three super-successful billionaires have gone on record with warnings that we are now living in perilous financial times.
After all, more than 8 trillion dollars has been wiped off the market since last January. And CNBC reports that we have never seen a tougher start to the year than we have in 2016.
One billionaire, real estate mogul Sam Zell, who is credited with calling the top of the housing market in 2007, recently told Bloomberg TV:
“This economy is closer to falling over than it is to going up. I think there’s a high probability that we’re looking at a recession in the next twelve months.”
Just before that, famous billionaire Carl Icahn released a 15-minute video entitled “Danger Ahead” which quickly went viral.
In the video Icahn explains how “the middle-class investor has nowhere to go with their money but into the (stock) market, or even more concerning, high-yield bonds, which are very risky.”
In a later interview with Reuters Icahn criticizes the Federal Reserve’s easy-money printing policy by scolding, “They don’t understand the treacherous path they are going down. God knows where this is going! It’s very dangerous and could be disastrous.”
Then, most recently, billionaire financier George Soros went on record with perhaps the strongest warning yet. He sees a crisis brewing in global markets that could send shockwaves around the world. At a January international economic forum he said,
“When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”
So, what should you do? How should you prepare and adjust your portfolio?
Well, one multimillionaire businessman agrees with these dire predictions, and believes he has the answer…
Porter Stansberry is the founder of Stansberry Research, one of the largest independent financial research firms in America.
In recent years, he accurately predicted the collapse of Fannie Mae, Freddie Mac, and General Motors, just to name a few.
Today, Stansberry says the next big financial panic in America will be even bigger than what we experienced in 2007-2008.
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.
I strongly encourage you to check out Mr. Stansberry’s recent write-up on this situation, which explains exactly what is going on, what will happen next, and the simple steps you can take to prepare.