Porter Stansberry: We’re screwed no matter who wins the next election
The U.S. is in major trouble.
Longtime readers have heard it before… With about $4 trillion in student debt, credit-card debt, and auto-loan debt, many American households are in dire financial straits.
Worst of all, radicals are coming to “save the day”… like Alexandria Ocasio-Cortez, a 28-year-old member of the Democratic Socialists of America, who just defeated a 10-time incumbent in New York’s recent Democratic congressional primaries. Ocasio-Cortez’s platform supports free everything: Medicare for all, free college tuition, and housing and employment guarantees.
This article is excerpted from Porter’s brand-new book, The Battle for America. In today’s essay, he explains why it doesn’t matter who runs in or wins the next presidential election – we’re screwed regardless…
From Porter Stansberry:
We are about to witness the ugliest presidential election in history.
One that I believe will put a progressive demagogue in the White House in 2020. And she’ll win by running on the most radical platform our nation has ever seen.
If you were put off by Hillary Clinton’s 2016 campaign… or couldn’t believe how popular Bernie Sanders’s socialist platform was – just wait. The 2020 presidential campaign will “out-liberal” anything you’ve ever seen.
She’s Bernie 2.0. She’s worse than Oprah. She’ll make Barack Obama seem like a moderate.
Our next president will proudly proclaim her socialistic, “social justice” roots, and will offer our fellow citizens more handouts than every other president, combined.
Frankly, she scares me to death… and she should scare you…
Ordinarily, someone this radical wouldn’t have any chance at being elected.
But there’s a new, incredibly powerful hidden force in our country. This new political force virtually guarantees she’ll win.
Once you understand this hidden force and who’s behind it… you’ll see why 83 million Americans will support her, and launch the largest grassroots campaign in political history to put her in the White House.
But as I’ll show you, the steps she takes during her first 100 days in office will send our nation into the worst financial crisis in history, creating a nightmare for Baby Boomers.
Your savings could be wiped out. The stock market could crash by 50% or more. The way of life you’ve enjoyed for 40 years could end, disrupting your retirement.
You’ve probably noticed that I keep referring to the predicted winner of the 2020 election as “she.”
That’s because the politician I believe will become the 2020 Democratic nominee, and likely the next president of the United States – is Senator Kamala Harris, from California.
You’ve probably never heard her name before…
But few people knew who Barack Obama was two years before he was elected president in 2008.
Sen. Harris is currently the junior U.S. senator from California, where she assumed office in 2017.
Prior to that, she served as the state’s attorney general, and before that as district attorney.
Former President Obama is a huge fan of hers, and once described her in these words…
She is brilliant and she is dedicated and she is tough. And she is exactly what you’d want in anybody who is administering the law, and making sure that everybody is getting a fair shake. She also happens to be, by far, the best-looking attorney general in the country.
I believe it’s just a matter of time before you see her name and face on every news network as she prepares for an eventual run.
You see, just like Obama in 2008, Sen. Harris is taking all of the calculated steps a candidate with eyes on the White House would be taking at this early stage.
- She’s working on a new book that describes her underdog story and political agenda.
- She’s headlining sold-out political fundraising events, raising millions of dollars for the Democratic Party.
- She’s giving commencement speeches at left-leaning universities, and appearing on highly viewed talk shows.
- She’s assembling a campaign team of former Hillary Clinton aides.
- She formally rejected corporate political action committee (PAC) money, and has even launched an online grassroots small-donor fundraising strategy.
Just about the only thing she hasn’t done yet is announce her candidacy.
If you can believe the latest odds out of Vegas, that announcement could come any day now.
However, I could be wrong.
Maybe it will be Oprah Winfrey who runs. Or Bernie Sanders… or Mark Zuckerberg… or Dwayne “The Rock” Johnson.
My point is… it doesn’t matter who ultimately runs and wins.
I predict it will be Sen. Harris. But even if it’s not her, it’s going to be someone even worse.
However, the one thing I am sure of is that whichever progressive candidate ultimately runs for office in 2020, he or she will be focused on a socialist platform.
And that’s because the only way you get hopeless, debt-burdened millennials to show up and vote for you is simple: by making the most radical promises American politics has ever seen.
Most people don’t realize this yet, but for the first time ever, in 2020, there will be more millennial voters than Baby Boomer voters able to decide a presidential election.
Which is extremely worrisome when, according to a recent study from research firm YouGov, more millennials would prefer to live in a socialist society over a capitalist nation.
And that’s exactly what would happen if a progressive wins in 2020.
Don’t forget, at one point in 2016, Bernie Sanders had as much as 84% of the millennial vote. Altogether, he received more primary votes from this age group than Clinton and Trump combined.
If Sen. Harris – or someone even worse than her – taps into the same emotions Bernie targeted in this demographic (and she has already allied herself with him, cosponsoring several socialist bills), I believe the majority of the 83 million millennial voters will hand her the White House.
Specifically, I believe her platform will cater to the hopelessness this generation feels – and consist of three main platforms:
- A Debt Jubilee for the masses
- Medicare for All
- Universal Basic Income
These radical ideas are already being pushed by many of the most influential progressive economists and academics in the nation today.
London School of Economics Professor David Graeber wrote an entire book on a Debt Jubilee and said, “We are long overdue for some kind of Biblical-style Jubilee… it would relieve so much genuine human suffering.”
The national affairs correspondent for The Nation said we should, “Think Jubilee, American Style… because it combines a sense of social justice with old-fashioned common sense.”
Paul Kedrosky, a senior fellow at the Kauffman Foundation (a liberal think tank) said, “We need a fresh start, and we need it now… we need… a Jubilee.”
Economist, author and professor Steve Keen said, “It is incumbent for society to reduce the debt burden sooner rather than later… So a prima facie alternative to 15 years of deleveraging is an old-fashioned debt Jubilee.”
Harvard economist Carmen Reinhart has called for a Debt Jubilee. So have financial pundits Barry Ritholtz and Chris Whalen, and renowned economist Stephen Roach of Yale University.
In Congress, more than a half dozen Jubilee-style laws have already been proposed by folks such as Rep. Kathy Castor and Sen. Bill Nelson, both from Florida.
It’s certainly the easiest way for a president to “level the playing field” for millennials, in one swift move.
But for progressives, a Debt Jubilee doesn’t go far enough in terms of social-handout programs that will win voters.
That’s why Bernie Sanders and Sen. Harris recently teamed up and presented a “Medicare for All” bill in the Senate.
This is an idea that progressive elites in our nation have been calling for. As one Harvard Medical School professor recently declared, “Why wouldn’t we do [this] for all Americans, not just people over 65?”
Former President Jimmy Carter recently wrote in a Time magazine editorial, “The lack of universal health coverage should be a national scandal.”
According to a recent poll, roughly two-thirds of all Americans are on board with this idea, too.
But perhaps scariest of all is the brand-new national welfare program known as “Universal Basic Income,” where every American, regardless of age, race, employment status, or net worth, would receive a monthly check directly from the government.
As with these other radical ideas, it has won the support of many of the Left’s leading voices…
Robert Reich, former Secretary of Labor for President Clinton, says, “Universal Basic Income will almost certainly be part of the answer.”
Erik Olin Wright, the Marxist professor of sociology at the University of Wisconsin, argues that Universal Basic Income will lead to “a greatly expanded and deepened social economy… not subject to the discipline of profit maximization.”
Nearly every major Silicon Valley billionaire is pushing this agenda, too.
This includes Facebook founder and CEO Mark Zuckerberg (himself a rumored contender for the 2020 Democratic nomination), who says Universal Basic Income is a way “to make sure that everyone has a cushion to try new ideas.”
Tesla CEO Elon Musk recently told the World Government Summit he believes it’s inevitable that the U.S. will have to implement Universal Basic Income: “I don’t think we are going to have a choice.”
And Sen. Harris has declared that she’s “thinking about it.”
One thing is certain…
For 83 million millennials, many of which are heavily indebted with no way out, something big needs to change.
They’re looking to the government to make it happen.
And once elected, Sen. Kamala Harris (or someone even worse than her) will give them exactly what they want. You’d better get ready for it.
Porter just finished printing a limited number of copies of The Battle for America. In this 278-page book, you’ll learn everything you need to know to keep your money safe during the coming era of uncertainty… which investments you should own (and which to avoid)… ways to protect your retirement nest egg… three warning signs that suggest this nightmare scenario is already underway… and all of the corruptions destroying America. Right now, you can get a hardback copy for just $19. Learn more here.