DR. RON PAUL AND PORTER STANSBERRY
makes sense to a lot of people, but honestly, Dr. Paul, as libertarians I have serious objections to both of the major parties. I personally wouldn’t be interested in voting for either of the major candidates right now. And no matter which candidate wins, I don’t think that the economic fortunes of our country are going to change very much. When you look at the unfunded liabilities that we already have that are cooked into our whole legal structure, there isn’t anything anyone’s going to be able to do to stop the inflation. I think what you have to do is do the best you can to make hay while the sun is shining. But be aware that the storm clouds that are building right now are the most serious our country has ever seen. So I really don’t pay that much attention to it. I will tell you, though, that looking at the futures markets around volatility, this is the most expensive election that we have ever seen in the entire history of the financial markets. And by that I mean that buying protection around the volatility of the stock market will cost you more than it ever has before because of the anticipated uncertainties of this election. So for sure a lot of major investors are very concerned about a contested election or how long it may take to determine who won. For me, I would rather sell insurance around that
is that the primary recipient of all of this excess liquidity would end up being the stock market. And if you have followed that advice and you followed our recommendations over the last decade, you have made a tremendous amount of money. Now of course we both know that that money is going to buy you less and less and as that destruction in value accelerates at some point the markets will of course turn. There will eventually be a panicked sell-off. But if I knew when that would happen, then it would be a lot easier to do our job. So while we’re telling people to enjoy the fruits of this inflation, we’re also of course warning people that you’re going to be a whole lot better off if you put some of your savings in gold. If you have some real estate offshore, I think that’s a sensible precaution. We’ve also recommended things like farmland and timber that have historically provided wealthy people and wealthy families with refuge in times of domestic crisis. So I think what you have to do is do the best you can to make hay while the sun is shining. But be aware that the storm clouds that are building right now are the most serious our country has ever seen. Ron Paul: I’ll bet you watch the polls to some degree. Howmuch weight do you place on that? Because a lot of people anticipate which side wins, so are some of your arguments or recommendations based on who you think will win the election? Porter Stansberry: I know that probably
American Consequences
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