Words matter. These are the best Porter Stansberry Quotes, and they’re great for sharing with your friends.
Because America is the Saudi Arabia of natural gas. We have the world’s largest reserves of natural gas, and the world’s most sophisticated production and storage facilities, by a wide margin.
You can tax the rich to pay for current spending. You can even tax them very heavily. But when the rich look forward for decades and see nothing but increasing taxes, debts, and government control of their businesses and assets – they will leave.
The average household income has really stagnated since 1971.
The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant.
You can survive your income falling if it’s not dramatic. Your income can decrease for a long time before you start living beyond your means.
Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.
The management teams in these royalty and streaming companies have the highest-quality research and the most visibility into all of the producers. So if you really want to know what’s going on in the resource space, you should talk to the management team of a royalty company.
You see this in the oil industry time and time again. Fears that we’ve found the last oil, that we’re going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.
Manipulating the bond market is so greatly reducing the cost of capital that so far companies have been able to maintain profit margins without raising prices. As a result, we’ve been exchanging capital cost for commodity costs but you can only do that for so long.
Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.
I think what’s happened to America, in a cultural sense, is we stopped getting richer as a country in the early 1970s, but we haven’t adjusted our consumption patterns in any way, shape or form to meet the realities of the new lower income.
I can tell you what happens to countries that go bankrupt. I’ve been to Argentina. I’m familiar with the history of Mexico and Great Britain. We’ll see the same things here shortly: inflation, huge tax increases, capital flight and, eventually, capital controls.
By buying off the bottom in the real estate markets, I’m doing the best I can to protect myself from any future calamity. Time will tell whether it will work.
It’s not hard to generate a paper fortune in a huge inflation. All you have to do is own the most important economic assets: energy, communication, and transportation.
As you know, the United States has been a net debtor to the world each year since 1976, I believe. We’ve put a huge amount of dollars out into the world and those dollars have to be recycled in some way.
There is a tremendous amount of oil in Iraq and it’s still very, very cheap due to all the political uncertainty. So if you want to be a serious oil investor, I would say get yourself to Iraq in person and look around to find great opportunities.
Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices.
Stock price multiples are negatively correlated with real interest rates. As interest rates rise, the market multiple will fall.
You know that Mexico has enormous natural gas reservoirs that have yet to be tapped and the technology for tapping these alternative reservoirs continually needs to get better and better.
The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced.