Earnings360 Newsletter for 6/4/2024

Everyone is watching Iran—the drones, the missiles, the Strait of Hormuz—and oil prices are spiking with gas up 43 cents in a single week. But according to investment analysts Porter Stansberry and Luke Lango, Iran isn't the real story. The real story is what Trump just did to China. China buys 90% of Iran's oil exports, and 50% of all China's oil imports flow through the Strait of Hormuz, which is now a ghost town with commercial ships stopped. That means China's energy lifeline just got severed, and China needs that energy to power its AI war machine. Without oil flowing through the Strait of Hormuz, that edge starts to crumble, which is exactly why Trump signed Executive Order 14365 declaring AI and advanced computing strategic national assets—the U.S. isn't just bombing Iran, it's cutting off China's fuel supply for the AI arms race.

He's the famous economist and best-selling author who predicted the 2008 meltdown just three weeks before Lehman Brothers imploded and the Covid meltdown just three weeks before the stock market suffered the fastest drop in history. He's now predicting we're about to see an AI meltdown of historic proportions, similar to what happened in 2000 during the dotcom bust when the stock market crashed almost 80%, ruining the retirement of millions of Americans, warning that the most important AI company in the world is about to go bust in a meltdown 10 times bigger than Lehman Brothers.