MarketWise founder Porter Stansberry describes how the coming "monetary reset" will likely happen, using historical precedent as reference 🏦⚠️
"the dollars you have in the bank [will] get seized... you probably also won't have access to your 401(k) or something like that"
"They will seize your assets, and then what they will do is they will change the denomination in some way, shape, or form, where what you own is now worth a whole lot less, and what you owe remains the same"
"That's exactly what they've done in Argentina. That's what they do everywhere"
"So... you'll wake up one morning and they'll say, 'We're having a a banking emergency, but don't worry, your money is safe, everything is fine.' And then, you know, a week or 10 days later, they tell you that 'We're all in this together, and we've all got to make sacrifices'"
"And your sacrifice is going to be if you have more than a hundred thousand dollars in the bank, it's not there anymore. And oh, by the way, everything in your 401k now has to be invested only in treasury bonds"
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