End Of America? It's Up To Us

The video I include today is VERY controversial. I don’t endorse it, I don’t necessarily agree with it nor do I reach the same conclusions as its maker does.

However, it was sent to me—and out of sheer curiosity, I watched the whole thing (it’s pretty long).

I must say that it scared the hell out of me.

Many times, this blog is light-hearted, silly or dumb. Other times, you are subjected to my views on a variety of subjects. Today, I present the views of one Porter Stansberry, a financial research guru who operates a business selling financial advice.

Make no mistake, this video is a prelude to selling you stuff—BUT---if even part of what you see is true, then we’ve got some serious issues ahead.

Supposedly, it was Porter Stansberry who predicted the demise of Fannie Mae and Freddie Mac (as well as GM) a couple of years before it actually happened. Now, it’s a far more extensive problem. The premise of the presentation is that the United States has benefited from our unique status of having the world’s reserve currency (the dollar).

Stansberry believes that status is about to change (and in fact already is). If you Google “Dollar as Reserve Currency”, you’ll see many articles where the groundwork is already being laid in many countries.

Whether it will ever come to pass is uncertain. The effects of such an event are also uncertain. Stansberry has very definite views on this subject—and I warn you in advance that his perspective does not paint a rosy picture.

Here’s the video:



http://www.youtube.com/watch?v=nI-BIVWlc7A

I did some background research on Porter Stansberry—and found that he was found guilty of fraud in connection with financial matters—and was fined heavily. Stansberry insists that he is being targeted by the U.S. Government—and is himself a victim.

He is certainly of the target of verbal assaults—from those who believe he is unpatriotic and a peddler of doom—all to profit himself.

Maybe that’s the case.

All I know is that being informed is better than ignorance—and if there are steps we can take to insulate ourselves from a market collapse, then perhaps the time you invest watching this video will be worthwhile.

I would most definitely like to hear your thoughts and feedback on this very controversial video tim.moore@citcomm.com or in the comments section below if you are reading from the website!