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Episode 38 - Government Theft 101, Dinner with Hitler, & the Future of Medicine
Porter talks about the VIX falling out of bed while he was down in Nicaragua last week, and the reactions of Alliance members who were along for the trip at Rancho Santana. Buck prompts Porter on a wild ride covering the moral bankruptcy of fiat money, how US monetary and elected officials have truly “jumped ship” on fiscal responsibility, where interest rates go from here, and the borrow culture of the new America that is making it impossible for millennials to save and build wealth.
Dave Lashmet, lead analyst and editor of Stansberry Venture Technology, connects with Porter to talk about the latest medical and technology trends he’s studying that have the potential to deliver huge returns to your portfolio. Porter and Dave talk about their first biotech research trip together in 1999, the reality of seeing autonomous vehicles on your street, immunotherapy breakthroughs for cancer patients, and the famous “Dinner with Hitler” essay they wrote together.
Scott from Indiana asks Porter about solar energy. Rant alert! You won’t want to miss Porter’s response on what might be the most economically backwards source of energy on planet earth, despite our government’s attempt to make you pay for it.
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1:13 Porter tells Buck where he was last week when markets cratered and the fear index surged 114%. Porter shares the moment he knew Stansberry Research subscribers were going to be ok.
4:43 Porter reveals his two preferred tactics for portfolio risk management, and the exact position size everyone can afford to risk.
8:24 Buck contemplates putting his 401(k) in cryptocurrencies. Porter makes a big prediction that the bubble has burst in crypto, and won’t come back.
9:53 Buck reveals the economic bete noir that’s made its way to the front pages of the Drudge Report, and Porter explains how inflation is merely a monetary phenomenon and especially insidious in countries with high debt loads like ours.
16:59 Is gold the hedge against inflation it’s cracked up to be? Porter breaks down what gold prices are telling us about inflation expectations. Buck wonders about the use of silver as a hedge, and why there seems to be so much buzz around it lately.
19:00 What’s the No. 1 indicator that serious inflation is on the horizon? Not milk prices, or precious metals, grain or housing.
21:23 Porter gives you a few reasons why he thinks the market will still have a good year in 2018.
31:23 Porter gives two reasons why Americans (especially millennials) are trapped in a debt culture, how the government erodes your purchasing power, and how the generational theft of entitlement programs are an incredible threat to our economy. Porter evokes the spirit of Oprah to illustrate money printing gone wild. “You get a billion….You get a battleship….You get free drugs…”
46:10 Before she was a 1940s movie star, she was Hedwig Kiesler – a German Jewish woman who sat in silence as her munitions-making husband hobnobbed with Hitler. But she walked away from the table with a secret that launched a new industry – and one of Dave Lashmet’s biggest Venture Tech recommendations.
47:37 Dave talks about progress in cancer treatments and how actual deaths from cancer have been falling. He talks about the one cutting edge treatment that shows the most promise for “undoing cancer’s bag of tricks.”
57:56 Porter asks Dave about autonomous vehicles and the companies behind the technologies driving them. He asks Dave, “How long will it be before the taxis in New York City don’t have a driver anymore.”
1:17:24 Scott from Indiana asks Porter if he’s had a change of heart on solar power, and the utility savings so many users are reporting. Porter explains why any of his employees who asked that question would be fired immediately.
1:24:03 Listener Evan asks Porter about changing his opinion on Cheniere Energy (NYSE: LNG).