Financial Problems

4 Billionaires are Extremely Worried that America’s Next Big Financial Crisis is Coming Soon
04.01.2015     BY MIKE PALMER, STANSBERRY RESEARCH

This story is developing quickly.

If you are worried about the possibility of another large scale U.S. financial crisis, you are not alone.

In recent months, four super-successful billionaires have gone on record with warnings that we are now living in perilous financial times.

Andy Redleaf, for example, is a successful hedge fund manager, who accurately predicted the last major financial panic in America.

Just before the last big financial crisis in America, Redleaf prophetically wrote to his clients in December 2006 that: “Sometime in the next 12 to 18 months, there is going to be a panic in credit markets.”

Redleaf is now worried again. He recently told CNBC: “I think it is a truly scary time.”

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A few months earlier, billionaire Sam Zell told CNBC something similar:

“People have no place else to put their money, and the stock market is getting more than its share. It’s very likely that something has to give here. I don’t remember any time in my career where there have been as many wildcards floating out there…”

Just before that, billionaire Carl Icahn told the same network he’s “very nervous about U.S. equity markets… you have to worry about the excessive printing of money!”

Then, just a few weeks ago, billionaire money manager Crispin Odey went on record with perhaps the strongest warning yet about the global economy. He said:

“Everything points to it being a bubble. You can never know the height of a bubble, but by the time it gets to here, you haven’t got much time.”

So, what should you do? How should you prepare and adjust your portfolio?

Well, one multimillionaire businessman agrees with these billionaires, and believes he has the answer…

Porter Stansberry is the founder...