When a Nation Reaches the Point of No Return

On today's episode of the Stansberry Investor Hour, Dan rants about one of the funniest and most ridiculous news stories you'll see in 2020. No, really. He also takes time to warn listeners about the herd of new day traders buying Tesla shares by the thousands. "I think it's 1998 all over again!" Then on this week's interview, Dan welcomes guest Peter Pham on to the show. Peter is the founder and chairman of Phoenix Capital, a bespoke advisory firm offering analysis, strategies and insights on investment and finance.  Peter's analysis has been featured on a variety of publications including The Motley Fool, Seeking Alpha, CNN Money, Bloomberg, and many more. Peter has a different way of looking at finance and the markets than many others. During the interview, Peter teaches Dan about some relatively new ideas in the world of finance like the omega point how it could signal the end of a nation's lifecycle. They both share a bleak view, but Peter says there are things you can do to protect yourself today. And finally on the mailbag, one listener asks Dan to clarify the best way to track and implement your trailing stops. Another asks if Dan thinks it's time to pull your money out of bank stocks. And if an investor believed commodities were severely undervalued, what would be the simplest most effective way to take advantage of that situation? Listen to Dan's response to these questions and more on this week's episode.