Porter Stansberry vision of America

[platoonDaddy]

For those of you who previously heard or read about Porter Stansberry Founder of Stansberry Research you will find this video scary.

http://www.stansberryresearch.com/pr...VD/LPSIM230/PR

[LOKNLOD]

Care to summarize briefly for those of us who can't (or shouldn't) be watching videos are work?

[MarkG]

The guy is as looney as Bo Grtiz, Jesse Ventura and Dennis Kucinich. The only thing that surprises me about the the thread is that it wasn't started by 500grains....

[platoonDaddy]

Care to summarize briefly for those of us who can't (or shouldn't) be watching videos are work?

Basically the shit is going to hit the fan, when the dollar is no longer accepted as the world currency. Since it currently is, we can continue to print monies, but when that ends are way of life will change.

He said (of course I have no proof, just taking him at his word) Gulf Arabs are planning along with China, Russia, Japan and France to end dollar dealings for oil moving instead to a basket of currencies.

This profound financial change will bankrup each and everyone of us.

Dang, depressing. Time for olives, must be 5 o'clock somewhere.

[Skyyr]

Good data, good studies, bad conclusions.

This whole thing is nothing but a hyped-up panic sale. He ends his monologue with this:


So how much does my work cost... and how can you get started?

Well, a one-year subscription, including everything I mentioned here, normally costs $99 per year – that's what many others have paid.

But right now, you can try my research, for HALF-OFF the normal rate. You'll pay just $49.50 for an entire year.


That there should tell you his motive. What really turned me off to his "conclusions" is that he outlines that "this same thing just happened in Japan...", referencing a supposed impending utter failure of the financial system. Five minutes later, he then states that "countries are abandoning US currency" and that they are "considering the Japanese Yen." What the heck? If Japan's failure was so catastrophic, then WHY are they in the running for the new standard of world currency? He's preying on emotions and bank accounts, plain and simple.

Is there a financial crisis? Yep. Is it/was it bad? Yep. Is it the end? No. The economy is correcting itself and, once the dust settles, those who are hard workers and wise with their money will once again rise to the top.

To view a script of his speech, start the video, close the window, then click "Cancel" on the popup box. It'll load a script of the dialogue.

[platoonDaddy]

The guy is as looney as Bo Grtiz, Jesse Ventura and Dennis Kucinich. The only thing that surprises me about the the thread is that it wasn't started by 500grains....

Don't know if the majority of his predictions will come true, BUT I believe in factoring the possibility into my investment strategy.

[500grains]

The only thing that surprises me about the the thread is that it wasn't started by 500grains.

I would have done it but I was busy burying more 55 gallon drums of hard red wheat out in the yard.

[Rmplstlskn]

I would have done it but I was busy burying more 55 gallon drums of hard red wheat out in the yard.

Me too...

Rmpl

[Bolt_Overide]

Sounds like another nutt trying to make a buck.

[cop1211]

I watched the entire video, started off interesting ,then at the end I realized what it was . A "scary"infomercial.