The Largest Wealth Transfer In History

“Look, I have no idea why the Russians and the Ukrainians want to fight each other,” Porter responded when I asked him what he thought about Klaus Schwab and the Davos Crowd’s support of the war. Porter continues:

They’ve been fighting each other for centuries. And they’ll probably keep fighting each other for centuries. I’m happy to sell arms to both sides, but I certainly don’t want to send my sons to fight over there. If I’m not willing to fight and I don’t want my sons to fight, then, well we should probably just leave them alone.

We had a wide-ranging, and you might say provocative, conversation covering the “Wall Street State of Mind” through what really has gone wrong with America.

As far as investing goes??

“The financial markets are really hard to predict,” says Porter. But in an inflationary environment “assets and asset prices can do very well.” Comparing the economy to what he perceives is a general breakdown in society Mr. Stansberry is “sanguine”.?

“I’m more comfortable with where the financial markets are,” he says, “and how they will handle the next few years. What I’m more concerned about is what happens to the social fabric” of the country.?

“I don’t want our country to be this way,” Porter asserts, but identifying what he calls “one-way bets,” the state of the economy and politics “makes it easier for people who are wealthy, not harder.”

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So it goes,

Addison Wiggin | The Wiggin Sessions

P.S. Porter also outlines a strategy he’s used to buy and sell distressed debt in corporate bonds following each of the last three bear markets. And how he’s gearing up to deploy the strategy again.?

Based on prior experience he expects to have “between 40 and 60 recommendations over the next 36 months that’ll have an average yield to maturity of between 25 and 30%.”