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View Full Version : Economics Porter Stansberry's heads up on the upcoming US economic collapse


The Mad Crapper
03-13-2011, 08:38 PM
Take it or leave it, accept it or ignore it, THE SAME RAIN FALLS.

http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM1AJ/PR

petegz28
03-13-2011, 11:10 PM
JFC, this guy drones on

patteeu
03-14-2011, 12:22 PM
It was very annoying when, after listening to the guy for what seemed like an hour, he finally got to the part where he was going to tell you what specific moves he recommends and instead he offered to sell you his secret plan. :BS:

Jaric
03-14-2011, 12:33 PM
It was very annoying when, after listening to the guy for what seemed like an hour, he finally got to the part where he was going to tell you what specific moves he recommends and instead he offered to sell you his secret plan. :BS:

I was ready to start hoarding gas and food and run to the nearest sporting goods to purchase a shotgun and as much ammunition as my credit cards would allow until I got to that part. Then I had a "wait a minute..." moment when I realized it was an infomercial.

teedubya
03-14-2011, 08:59 PM
The guy knows what he is talking about... but yeah, he is certainly selling you his wares.

I heard of him back in 07, so I remember hearing about the coming financial doom on Wall Street. So, he has a lot of credibility in my book.

BucEyedPea
03-14-2011, 09:28 PM
Oh he took way, way to long to get into the meat. Then he sells you something where you make money off of it all. It was informative though and VERY scary.

JohnnyV13
03-17-2011, 12:57 PM
http://www.timothysykes.com/2010/08/porter-stansberry-of-stansberry-researchs-1.5-million-sec-fine-for-securities-fraud/

Stansberry is a scam. They were fined 1.5 million for fraud from false statements in their newsletters.

Of course, Stansberry publishes this video to get you to buy said newsletter.

The Mad Crapper
03-17-2011, 02:43 PM
http://www.timothysykes.com/2010/08/porter-stansberry-of-stansberry-researchs-1.5-million-sec-fine-for-securities-fraud/

Stansberry is a scam. They were fined 1.5 million for fraud from false statements in their newsletters.

Of course, Stansberry publishes this video to get you to buy said newsletter.

OK. So what did he say about the US dollar being the reserve currency that was false? Goldman Sachs has also been fined the past year for over a million dollars for fraud as well. Do you believe all the stardust and fairies tales they tell?

JohnnyV13
03-17-2011, 11:22 PM
Do some research. Did you even google Porter Stansberry? Or read the link?

Here's another one:

http://incakolanews.blogspot.com/2010/07/porter-stansberry-plays-invetsment.html

Here's one from this summer. Porter Stansberry is a pump and dump guy. And, in this case, he played investors more than he played the sheep.

The Mad Crapper
03-18-2011, 11:07 AM
Do some research. Did you even google Porter Stansberry? Or read the link?

Here's another one:

http://incakolanews.blogspot.com/2010/07/porter-stansberry-plays-invetsment.html

Here's one from this summer. Porter Stansberry is a pump and dump guy. And, in this case, he played investors more than he played the sheep.

OK, let's forget him.

What will happen if the US loses it's status as having the reserve currency?

JohnnyV13
03-18-2011, 04:09 PM
OK, let's forget him.

What will happen if the US loses it's status as having the reserve currency?

The Global demand for the dollar will fall. The dollar will weaken relative to other major currencies. The Fed will likely go to a very tight money policy as the global supply of dollars shoots up, rapidly raising interest rates. Of course, the Fed could choose to allow inflation to reduce our real debt load for a significant amount of time, before tightening rates.

However, what Stansberry doesn't mention is the falling dollar will help job creation in the US and US exports (helping solve our biggest current problem) Manufacturing in the US will become more attractive, especially with the Chinese moving toward making the yen a reserve currency.

The rising interest rates will hurt, since new treasuries will have to pay higher rates. The government will be forced to slash spending and get closer to balancing the budget, but employment should rise once investors realize that the changing monetary rates represent changed long term conditions. This effect will take time, until there will suddenly appear a big rise in the demand for workers, as companies change their production patterns.

In the short term, international investment in the US will rapidly fall off as the monetary system corrects, but they will be willing to invest once the situation stabilizes.