Jan 25, 2018
Porter tells you about what really happened at General Electric (GE) under the reign of Jack Welch and his successors. It’s the story of an unholy partnership between big government and big media. A tragedy of paper money, financial speculation and excessive greed. Porter explains what GE has been doing since the mid-90s, and it has nothing to do with lightbulbs, locomotives, or power plants. GE has been involved in a gigantic financial gamble for decades…right under the nose of shareholders. The SEC is now investigating the company’s accounting, and Porter explains how GE could easily become the next Enron or Lehman.
Buck and Porter welcome Steve Sjuggerud, editor of True Wealth and Porter’s long-time partner at Stansberry Research. Steve reveals how much longer the stock market MeltUp can continue, which warning sign to look for from the government that has consistently preceded the last three market corrections, and a recommendation for Buck on the easiest way to invest in the China boom.