Stansberry Investment: http://pro.stansberryresearch.com/1011PSIENDVD/PPSIN121/ Is any of this true? I have gotten what I thought was most of my economic knowledge from this video, which people have been proving me wrong on these threads lately. What do you guys think? Has anybody on here actually signed up with this guy??
Silver is indeed one of the provided investment strategy methods given, but that's not what I'm asking about. He provides a lot of facts throughout the video arguing his case that the US is on an economic breakdown and "our very way of living will soon come to and end". I just want to know if he's all lies of if some of what he says is true. I'm also curious to see if anybody has actually signed up with him and I'm curious what he says when you do sign up..
The presentation is correct . With respect , you have probably been out discussed here just because you do not have the full facts at your fingertips . The logic and maths of the core idea are faultless .The US is financially Bankrupt and there is now no way to avoid the crisis . The only area he is at fault in , is the speed at which this crisis will envelop us -- after all , he wants your subscription money , NOW He fails to acknowledge that the likes of Bernanke , Geitner and Obama have been aware of the real situation as long as I and others have -- at least 4 years .However , four years ago the people who were far ahead of Stansberry were guessing that last year would see the Tsunami onset . Today , that forecast is obviously wrong though the core position is , if anything , more guaranteed .The forecast was premature only because some desperate measures have plugged one or two holes in the dyke . It is not in the interests of the rest of the world -- really just China and parts of Asia , to let the US go out with a bang when they can realistically achieve the same end position via a long , drawn out whimper .To their advantage --- they are the ones who most need to protect past loans and required future loans . They will dictate final US reserve currency strategy when the time is prepared and right for them -- perhaps in about 3 years . Which is why the US will continue to devalue by as much as they can " get away with" , and use China's revaluation currency rises as OK because they produce the same end result . And they will print big imaginary money at least once more , even though it will go only to the Banks to delay their formal default . I personally would not expect any huge dramatics until after Obama is re-elected . Then the world will start to change . It is in those consequential scenarios that you can start reasonably offering explanations for the existence of Fusion Centres , FEMA camps and the "millions" of plastic multi body coffins stored already . However 95% of Americans are still in full denial over the financial rumblings which are beginning to go viral . Adding on other dimensions , right the way to declaration of Martial Law , are not yet going to be well received , and initially, proponents / commentators will have to absorb extreme vilification and even physical abuse . Unless you enjoy confrontation and do it well , your best policy is to look after your family and like minded friends . The casualty list will number millions and many of them will become very frightened , violent and dangerous people . With understandable cause . All imho .
The dollar losing reserve currency status: 1. Prevents the US from inflating away foriegn debt, most of our debt is owed to the Fed (where did they get it?), with the next largest being T-Bill to retirees. 2. Will increase the costs of all goods, foriegn and domestic. The question is how much. The dollar has fallen to foriegn currencies, and the cost of oil in dollars has gone up, while in gold, has remained the same. My concern is the inflation that results when the trillions of dollars held in reserve in other countries flood the market. The dollar, like housing, has a value based on supply and demand. The rioting in the streets will come when we can't borrow any more, and interest rates go back to normal, and the retired boomers have ballooned the amount of SSI and medicare needed, and the government stops paying them. They'll be joined by the government workers unions, that have lots their jobs, and the retirements. The one thing the video has right is how fast it will happen - the financial crisis occurred when, after years of borrowing money a day at a time (so it is cheap), the lenders didn't renew the loans. One day they are solvent, the next...... My problem, is if it gets bad, how much value will gold, or silver have. You would be better off investing in non-perishable food and water. Why will it come to that? Because politicians have kicked the can down the road, one election at a time. Greece will be the canary in the coal mine as to how bad it can get. But, don't expect politicians to act even then.
So if the dollar were to lose it's place as the world reserve currency, could it ever go back or would we as a country just be totally doomed forever? I'm less interested as to if the conclusions in the video are real, but if the facts given to lead to the concluaions are real. For an instance, the video mentions that the unemployment rate is specifically calculated by how many people are actually on unemployment benefits, not by how many people are actually just out right unemployed. I had someone in a similar thread provide facts that deem that information false. What about the state of New Mexico selling all of its government buildings and leasing them? I'm just curious to see if little facts such as these that he provides throughout the video are real or not. Or how about foreign countries (even Mexico) no longer accepting US dollars? And I thought that historically during times of great economic problems, gold and silver soar.
Porter Stansbury's investment firm has been previously fined by the FEC for engaging in fraud. Buyer beware. Is anything is the video real? Some of it is. And some of it is really stretching things, cherrypicking, taking things out of context. Stringing together a bunch of unrelated factoids and drawing a dubious conclusion doesn't mean much, except that Porter Stansbury wants to scare you so you'll shell out a significant amount of money for his newsletter. If you want to buy gold or silver, just do so. No newsletter subscription required for that.
Oh believe me when I say I never had any intention to pay into his subscription. I just wanted to know if what he says is true about our economy. No doubt it's a scam.
If you have any questions about Stansberry and Associates, please do not hesitate to call customer service at 1-888-261-2693. We would be happy to assist you. We are open Monday Friday 9-5 EST.
Well I would hope that a man that believes in something so strongly as you claim you do, would come on here and have no problem answering questions. My question to you is, what makes you have such good faith in your product, even after being fined by the FEC? My second question is, where did you get the information stating how the national unemployment rate is calculated? Your video states that it it collected specifically on how many people are on unemployment benefits, but this person proved me wrong when I tried to use that information to boost my case: http://www.politicalforum.com/econo...ogers-u-s-plunge-into-recession-2013-a-2.html Do me a favor and read post # 13, and explain it (if you can).
While all that is possible there is ZERO chance that the US and a handful of allies will allow that to happen without war. If somehow the US dollar lost reserve status within a short time the dollar would collapse. It is either war or economic collapse....our politicians are spineless and only care about re-election. They have no idea how to fix the current mess not to mention our debt issues. Just wait till rates move upwards. I am wondering how we afford trillion/s of dollars in debt service. I am also wondering how US banks stay solvent. Too much debt. Too many derivatives. Rates can't stay at near zero forever.
The dollar is relatively new to the reserve currency role, before that, the pound sterling had been - for 200 years. There has been talk by other countries creating a reserve currency, including our allies. I haven't heard our sabers rattling. With our state of indebtedness, who is going to loan us the money for a war? Politicians know full well how to fix the current situation. But, that action would lose them their elections, so they kick the can down the road, hoping the crash happens on someone elses watch. So, they send out their talking points to keep us at each others throats with half truths, and outright lies, so we don't pay attention to them. And, our faithful watch dog, the media, is worthless - they get more viewers during a crisis, then by helping avoid one.
I think it's pretty spot on. I've done more reading about history than economics, but if you read about ancient Rome as she declined, it sounds a lot like our system right now. Most of the productive labor of late Rome was done either by German noncitizens, or by the providences, not the Roman people. which sounds a lot like the US and the Chinese factories and the Mexican migrants. Rome, much like us had a huge welfare state -- there was a dole of free grain, and the number of takers grew year by year until 200,000 people in the city got free grain, and later pork and wine were added to the free grain. http://en.wikipedia.org/wiki/Grain_supply_to_the_city_of_Rome There were also problems of the Senate refusing to work on serious issues and instead focusing on the petty stuff and not working on the issues neccessry to keep Rome working. By any measure, I think we're in for it unless we take serious care to turn things around. It's possible that America itself could fall, and we're not even taking our debt seriously.
