My name is Porter Stansberry. 

I’m the founder of one of the largest financial research firms in the world. Over the last 26 years we’ve helped investors navigate almost every major economic cycle. 

We’ve also been on the forefront of every big financial story from the rise of Bitcoin and MRNA vaccines to robotics and artificial intelligence – just to name a few. 

But today, I’m breaking the biggest story of my career…

An economic story the likes of which we’ve not seen in centuries. In fact, the last – and only time – this happened was in 1776. But now, on the eve of America’s 250th anniversary, it’s happening again. 

And as you’ll discover today, the aftershock of this event could “reset” not just your personal wealth, but the entire U.S. economic system: 

How you work, how you vote, how you protect and build your wealth… it’s all being turned upside down by what one famous Stanford economist says is: 

“The biggest change ever… bigger than electricity… bigger than the steam engine.” 

Yet almost nobody is prepared for it. So, if you’ve been watching the chaos of the past year unfold, struggling to understand what it all means… you’re about to get many - if not all - of the answers you’ve been searching for.

And, most importantly, what it all means for you, your money, and your investment portfolio in the months ahead 

Because as you’ll discover, everything from the government taking stakes in companies like Intel, Lithium Americas, and MP Materials.

To Trump’s strike on Venezuela… his deal with Greenland… his seemingly never-ending slew of executive orders… and increasingly centralized grip over the economy… 

All the way to the surging popularity of radical socialist politicians like Bernie Sanders, AOC, and Zohran Mamdani… 

It’s all deeply and inexorably intertwined in what is, without a doubt, the most consequential story of the year. 

A turning point that one Nobel Prize winner says is dividing not just the economy but our entire society.

And, as my guest and I explain, the financial decisions you make in the face of this New 1776 Moment… they could dictate whether you’re enriched, left stuck in the past, or potentially even impoverished by the seismic changes barreling down upon America.

The stocks to buy… the stocks to sell… and the three money moves to ensure you and your loved ones end up on the winning side of this new economic reality. 

It’s all laid out here for you…

Good investing, 

Porter Stansberry

💀 When Your Entire Business Model Gets an AI Death Sentence

If you think you were having a tough start to 2026, just take a look at Intuit—the S&P 500's worst-performing stock, down a catastrophic 45% year-to-date. The company behind TurboTax, QuickBooks, and Credit Karma has cratered from $660 to $364, hemorrhaging value faster than a rookie trader with a margin call.

What’s been going on?

Intuit's getting demolished by three existential threats simultaneously:

1. AI Fear: Investors are terrified that AI will soon handle accounting, bookkeeping, and tax prep flawlessly, and for free. Why pay $89 for TurboTax when ChatGPT can file your taxes while you sleep?

2. Government Competition: The IRS is expanding its free filing software, threatening to nuke TurboTax's entire retail customer base. Intuit's business model literally depends on the tax code being complicated enough to justify charging people. If the government simplifies it? Game over.

3. Small Business Apocalypse: The Small Business Optimism Index just hit an 18-month low. Fewer startups = fewer QuickBooks subscriptions. Mailchimp's seeing soft demand. Revenue guidance for 2026? Weak.

The Bull Case (If You're Feeling Brave):

The stock's now trading at 16-18x forward earnings—the cheapest it's been in years. Revenue still grew 18% last quarter. They're fighting back with AI-hybrid tax services and even opened physical retail locations with free Uber rides to human tax experts.

The Verdict: Intuit reports earnings tomorrow (Feb 26). Either they prove the moat still exists, or Wall Street confirms it's roadkill.

The Munch Take: We’re not touching the stock. This is what happens when your entire competitive advantage is "the tax code is confusing" and AI shows up saying "not anymore."

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🏚️ Toronto Housing: The 45-Year Low Nobody Saw Coming

If you think Intuit's having a rough 2026, spare a thought for Toronto real estate developers—they're living through an extinction-level event. Only 269 new homes sold in January, the lowest number since 1981.

What's Happening:

Toronto developers relied on a specific playbook: sell 70% of condo units on paper (pre-sales) to investors before construction starts, then use those contracts to secure bank loans. That model just died.

Why it broke: Interest rates are still high, home prices are astronomical, and the math doesn't work anymore. Investors can't buy a pre-construction condo and rent it out for enough to cover mortgage payments. So they've vanished entirely.

The domino effect: No investors = developers can't hit pre-sale targets = banks won't give construction loans = projects get cancelled = developers who bought land at peak prices face bankruptcy.

What This Means:

• For Canada: Real estate is a massive chunk of GDP. When Toronto freezes, the entire Canadian economy stalls. Banks have billions in loans to struggling developers. If they go under, those loans get written off.

• For Currency Traders: This is bearish for the Canadian Dollar. The Bank of Canada will be forced to slash rates to save housing, while the Fed keeps US rates high. Traders are selling CAD and buying USD, pushing USD/CAD higher.

The Munch Take: When your entire economy depends on real estate and that market hits a 45-year low, you're not having a correction—you're having a crisis.

🍪 Munchy Memes

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