CNN reported recently that J.Crew became the first national retailer to file for bankruptcy during the current crisis.
The news outlet also reported that many stores are probably "too broke to go bankrupt" – meaning, they likely can't reorganize their finances and emerge from the bankruptcy process to live another day.
But what's so surprising to me is that nearly every media outlet is almost completely ignoring the even bigger bankruptcy story—could have a massive impact on you and your money over the next few years...
In short: A challenging (for some) new trend is creating thousands of new millionaires (Barron's reports 20,000 to 200,000 so far) while at the same time destroying the financial future for many others.
The good news is, no one in America can do a better job of explaining exactly what is happening—and more importantly, what you can do about it—than the founder of our research firm, Porter Stansberry.
Porter has made some very bold predictions over the years—but the incredible thing is, he's almost always exactly right!
For example, no one believed Porter years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America's biggest mall owner)... or that oil would fall from over $100 per barrel to less than $40 a barrel.
But in each case, that's exactly what happened.
And now, Porter says something new and even bigger is quietly unfolding in America (watch his video clip here):
This trend involves an entirely new financial technology that's about to change everything.
And this breakthrough has nothing to do with the "hot" new technologies the mainstream media is obsessed with these days, like electric cars, artificial intelligence, 5G, or robotics.
It's actually much, much bigger.
According to Stansberry: "This is not simply another evolutionary step in technology... it's a 'hard fork' — a change that happens, which can never be undone... which permanently changes entire societies."
And Stansberry says it's going to cause tens of millions of people to lose their jobs... and at the same time make millions of others rich.
Don't get left behind. Get the facts for yourself here.
Porter went on camera for 10 minutes from our corporate headquarters to explain the full story, including the 3 steps he believes you should take right now.
You can see exactly what Porter is saying on our website, right here...
Founding Partner, Stansberry Research
Delivering world-class investment research since 1999
P.S. Porter is not one to mince words. For example, in just the first few minutes of this video, he talks about one of the most "politically incorrect" subjects in America today. Don't watch if you are easily offended.