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(Some Guy)   According to Porter Stansberry, we're all doomed. Again   (pro.stansberryresearch.com) divider line 53
    More: Amusing, obama  
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4793 clicks; posted to Main » on 20 May 2013 at 8:52 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-20 06:20:59 AM
Remember, folks, gold and silver never go down in value.  Ever. For any reason.
 
2013-05-20 08:30:50 AM
Your blog sucks.

I mean, it REALLY sucks.
 
2013-05-20 08:53:56 AM
That entire page screams "BUY WHAT I'M SELLING!"
 
2013-05-20 08:54:54 AM
How the fark does this end up on the main page?

This guy is the political equivalent of time cube dude
 
2013-05-20 08:56:13 AM
Thanks a lot, John Titor.
 
2013-05-20 08:56:35 AM
Sounds like a character from Game of Thrones...
 
2013-05-20 08:56:51 AM
HEY I HAVE THIS IMPORTANT THING TO SAY SO I'M GOING TO TELL YOU HOW IMPORTANT AND DANGEROUS IT IS FOR FIFTEEN MINUTES BEFORE I ACTUALLY TELL YOU WHAT IT IS THAT'S SO IMPORTANT
 
2013-05-20 08:57:20 AM
From Wikipedia
In 2003, the U.S. Securities and Exchange Commission brought a claim against Stansberry for a "scheme to defraud public investors by disseminating false information in several Internet newsletters."[1][20] The SEC alleged that Stansberry had sent out a newsletter to subscribers, predicting one company's stock was about to soar. Stansberry maintains that his information came from a company executive; the SEC claimed that he fabricated the source.[1] The company's stock price did increase for the reasons Stansberry had pinpointed, but about a month later than Stansberry had predicted.[1] In 2007, he and his investment firm, then called "Pirate Investor," were ordered by a U.S. District Court to pay $1.5 million in restitution and civil penalties. The court rejected Stansberry's argument that his speech was protected by the 1st Amendment, stating "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false."[21] Stansberry sought to shed light on the controversy in a 2010 self-authored, third party blog piece entitled "Why The SEC Sued Me-And Why You Should Care."
 
2013-05-20 08:57:34 AM
This is nothing but an advertisement. What the hell was this doing on the main page?
 
2013-05-20 08:57:41 AM
That crap tried to hijack my browser, do not click.
 
2013-05-20 08:58:24 AM
That was almost worth the $1.5 M fine. Needs a little treason, since securities fraud, etc. are just child's play to these guys.
 
2013-05-20 08:59:09 AM
Only made it about two minutes in. Anybody want to fill me in on the big news? This should be good.
 
2013-05-20 08:59:10 AM
Any website that has an exit popup beggin you to stay on their site is a scam.
 
2013-05-20 09:00:45 AM
While we're at it, I thoroughly enjoy the fact that the Koch Institute is advertising on this site now.
So awesome.
So very awesome.
 
2013-05-20 09:03:45 AM
I have a dream...that China will one day dump its entire gold reserves on the market, dropping the price of gold down below $200.00 an ounce; and all of the Glenn Beck-inspired goldbugs will find themselves utterly destitute. And I will sit back, and point, and laugh.
 
2013-05-20 09:05:22 AM
Don't trust anything political coming from Maryland.
 
2013-05-20 09:05:48 AM
Herp, the federal government's balance sheet should be judged and understood in the same way any business balance sheet is.  Because every business has the power to create money at will, derpa-derpa-doo.  He's either an idiot or a fraud, or both.

fark subby for wasting my god damned time.
 
2013-05-20 09:07:03 AM
Thanks, Obama! You destroyed the country....again!
 
2013-05-20 09:07:22 AM

cubic_spleen: and all of the Glenn Beck-inspired goldbugs will find themselves utterly destitute


but well armed, crazy as loons, and blaming anyone but themselves, and out for revenge.
 
2013-05-20 09:09:00 AM
This is the same jackwagon who made that "endofamerica13" website and all that.  Nothing but claims after the fact that he warned everyone about everything.  I have to listen to this crap every morning on XM, and I want to punch him in the face.  Him and that Gold guy who yammers on and on about "the government will be printing trillions of dollars out of  thin air."
 
2013-05-20 09:09:49 AM

jelloslug: Any website that has an exit popup beggin you to stay on their site is a scam.


Gotta agree...think I've heard of this clown, and I have no desire to learn more.

Crap link to crap subject matter.
 
2013-05-20 09:10:15 AM
Good job, modmins.

Maybe I'll go find a nice malware-clotted site selling Miracle Water or some crap to submit since it's clearly one of those days.
 
2013-05-20 09:22:36 AM

Fissile: That crap tried to hijack my browser, do not click.


It's retargeter ads. Nothing sinister.
 
2013-05-20 09:24:36 AM
Long story short, the U.S. is deeply over its head in debt. Current interest rates are zero, but if they go up to 4% it will cost us $34 billion to repay what we owe. The Fed is counting on its ability to print more money to get us out of this. The dollar is going to collapse which will mean that we won't be able to print out way out of debt. If you want to protect yourself Porter Stansberry has five 'research reports' that will tell you what to do. To get the reports, subscribe to the P.S. newsletter for $149.
 
2013-05-20 09:25:54 AM
Correction. My previous comment should say $34 trillion, not $34 billion. $34 billion is chump change.
 
2013-05-20 09:25:55 AM

DubtodaIll: HEY I HAVE THIS IMPORTANT THING TO SAY SO I'M GOING TO TELL YOU HOW IMPORTANT AND DANGEROUS IT IS FOR FIFTEEN MINUTES BEFORE I ACTUALLY TELL YOU WHAT IT IS THAT'S SO IMPORTANT


I don't know how long i've been watching but he STILL hasn't gotten past "i was really really right last time, i'm right this time too!"

I think it is just someone working on their power point skills.
 
2013-05-20 09:26:23 AM
Oh yeah, good-ol' Stansberry Research, pusher of all that is crap.

I think it's time for some facepalms:

i1242.photobucket.com
 
2013-05-20 09:26:31 AM
www.creditwritedowns.com
 
2013-05-20 09:28:01 AM
He almost lost me with use of the word "infinitely", as that is a red flag when anyone uses it to describe just about anything. It's a nice BIG sounding concept that most people don't understand, and of course is a physical impossibility in, well... Anything to do with an economy, that's for sure. But once I realized this was a sales pitch (after sitting through much too much of it), I bailed.
 
2013-05-20 09:32:38 AM
only thing missing was

Repent, Repent

Prepare ye the way of the lord
[1 Thes 5:2]
 
2013-05-20 09:34:01 AM
Got a definite "The Monster at the End of This Book" vibe from that page.
 
2013-05-20 09:36:36 AM
I watched right up until he stated

"Nobody listened when I stated GM would  go bankrupt!!"

Seriously??  Pretty much everyone has been talking about GM going bankrupt since they put out the Cadillac Cimmaron in the 80's.  If your big claims to fame Captain Obvious are that you predicted GM will go bankrupt and that a government backed mortgage bank riding the real estate bubble was unsustainable; I have some research reports for you RIGHT HERE...
 
2013-05-20 09:41:00 AM

stevetherobot: Long story short, the U.S. is deeply over its head in debt. Current interest rates are zero, but if they go up to 4% it will cost us $34 billion to repay what we owe. The Fed is counting on its ability to print more money to get us out of this. The dollar is going to collapse which will mean that we won't be able to print out way out of debt. If you want to protect yourself Porter Stansberry has five 'research reports' that will tell you what to do. To get the reports, subscribe to the P.S. newsletter for $149.


He predicts complete economic shutdown within 12 months, challenges everyone to debunk his facts, and the federal government has been buying up all the gun ammo that can be made but just for simple training purposes.
 
2013-05-20 09:44:54 AM
Crap on a crutch, I hate this kind of advertising.  I'm pretty sure you do too, and the way to get them out of your browser is colloidal silver.
 
2013-05-20 09:47:56 AM
Here's how you can always spot a kook, no matter how good their research might seem on the surface. If 90% of their pitch is talking about themselves, mostly whining or talking about how no one believed them or everyone stole their ideas, whole world against them, blah blah blah me me me, you've got a kook thinker.
 
2013-05-20 09:50:41 AM
From the vid: "I'ma tell you what to do in just a moment, but first...DOOM etc.etc. 20 min later... Now I'ma gonna tell you how to survive the DOOM but first...DOOM" RLR

/geez
//we all gonna die of poison money and that yahoo will still be gabbin.
 
2013-05-20 09:54:53 AM
he may be a kook, but some of his assertions check out. We are indeed in pretty bad financial shape.
 
2013-05-20 10:09:48 AM

duenor: he may be a kook, but some of his assertions check out. We are indeed in pretty bad financial shape.

s3.amazonaws.com


speak for yourself...I'm made of the stuff
 
2013-05-20 10:15:32 AM

stevetherobot: Long story short, the U.S. is deeply over its head in debt. Current interest rates are zero, but if they go up to 4% it will cost us $34 billion to repay what we owe. The Fed is counting on its ability to print more money to get us out of this. The dollar is going to collapse which will mean that we won't be able to print out way out of debt. If you want to protect yourself Porter Stansberry has five 'research reports' that will tell you what to do. To get the reports, subscribe to the P.S. newsletter for $149.


You can make it even shorter: "Learn how to avoid scams! Send $149 to . . . ."
 
2013-05-20 10:33:28 AM
For those who are all TL;DW, I suffered the hour presentation for you.  Here's the rundown:

American dollars are the international standard for training. Since countries need to get dollars in order to trade with one another, everyone wants our dollars. So we can sell our dollars which results in us living beyond our means without actually producing anything. If we are in debt, we just print more dollars to cover that debt. However countries are moving off of the dollar standard, meaning our dollars are no longer good to cover our debts. We don't produce enough to even cover the interest on the debts. Debts come due, we can't get the goods and services we need, dogs and cats living together, end of the world as we know it.

Here are the 4 specific steps he said we should take (not a typo... guess he meant 5 not 4):

1) Get his pamphlet on how to hide money from the government (buying foreign currencies and opening foreign accounts)
2) get his pamphlet on gold
3) get his pamphlet on silver (additional note: He believes silver will return to the 1/16 ratio with gold. Currently it is about 1/50.)
4) Get his pamphlet on an unusual investment strategy that is not shorting and returns 100%.
5) get his pamphlet on a magic asset (holding a working farm a la Barton Biggs' claims)

To get his pamphlets, you give a credit card to subscribe for 1 year to his newsletter for $49.50. You have four months to get a full refund and keep the reports.

/TF donations gladly accepted for the above research. ;)
 
2013-05-20 10:49:43 AM
Somewhere, there's probably a place to view his pamphlet online.
But then again he wants you to buy gold and silver, so he's really nothing more than your typical guy who shills for that shiat, and do you really want to see what he has to say at that point?
 
2013-05-20 10:59:04 AM
Either conspiracy theory or selling something.....One thing you can count on is that if a page has an 'are you sure you want to leave this page' pop up then yes you definitely want to leave... quickly. Hopefully before you opened your wallet
 
2013-05-20 11:00:01 AM
So, somebody suck it up and spend the 49 fiddy and put the 5 pamphlet infos up here. When I get rich I'll buy you some total fark. Deal? K. Thx.
 
2013-05-20 11:11:10 AM
I listened to the whole thing so you wouldn't have to. The most frustrating this is that he take a lot of factual things and mixes them slightly and implies two things are related. His appeal to fear is present throughout the presentation.  BONUS: He Godwin's the whole thing about 2/3rd's of the way through.

Short summary:
----
We're in major debt, and politicians don't care. You should be REALLY afraid of this.
There's going to be a massive implosion of debt and currency that will grind the country to a halt for 10 years. Foreign countries know it's coming. How come you don't see it?
I know how to save you. Trust me. Give me your money.

Long Summary: ( warning, the long summary is probably filled with inaccuracies... there's only so much I could pay attention to before my ears were bleeding too much )
-----
Deficit spending is bad, and politicians don't care. Interest rates will go up ( duh )
Minting the $1T coin... that sneaky government. USA can legally print more money with little consequences because we're the world reserve currency but this isn't going to last forever
We've been printing money since 2009 (don't know what he meant by 2009 per se )
Dollars are the world "base currency" so we don't have to convert to anything this makes it easier for governments that don't have computers and have to physically count their bills when exchanging money with other countries.

We are now the world's largest debtor

Our government currently issues new currency 85B/month because of QE3 (Quantitative Easing )
( and I think this is incorrect. The government is buying up mortgage debt and other securities with QE's $85B/month ,not issuing new currency. Maybe I misheard what he said... I was afraid if I scanned back, I would collapse out of boredom )
NY Post says the US dollar close to end of trust among other nations

This has happened before... Britain sterling was reserve currency
Most people don't know this
Britain decided to became socialist, just like Barack Obama ( literally he puts the two in the same sentence but cleverly says something like "you know... in the same situation, not that he's a socialist )
This spawned the Winter of discontent, which was so bad there was a ton of trash around.
interest rates will rise
stocks down 40%
The reason for this "capital flight" is smart people KNEW it was going to happen.
most people don't know this
People buy gold because they know this.  You should buy gold.
Cities and states can't go into debt so they're going to be screwed.
China doesn't want to be tied to the USA and is moving to make deals with other countries
to stop having to rely on the US
Most people don't know this
Normalcy bias aka "It can't possible get worse" ->   He actually Godwinned his own talk by mentioned the   Jews in Germany in WWII.
In Katrina this happened too. You should be afraid. It's always much worse than you think it will be.

While I'm here I should mention, The real fault here is that US business Taxes are too high
Get your money outside of the US.
The government is going to find ways to take more of your money
Buy gold. it's going up even though it's had a 12 year run and the Economy might SEEM like it's recovering.
most people don't know this
Silver!  Silver is not tied to Gold because Silver is no longer a financial instrument
but historically it was. And so it probably will again. WHy? Because History says Silver
is tied to money value when crisis's are expected to occur. I just told you a new crisis is going ot happen, so...
most people don't know this
Now I'll tell you "100% secret" method to take advantage of this volatility. By tell I don't mean tell
I won't tell you what it is. Well I'll be glad to, but I won't.
James Stewart random moron financial advisor didn't know about this!
( Pssst... his big secret: selling put options )
Remember when this shait goes down there will be
Uncontrollable mayhem for several weeks
Oh I have one other thing...  Most people don't know this
many super multimillionaires owns the miracle investment... Bill gates even.
shhh don't tell anyone. I don't want people to know what it is. We're going to all be in a club.
and I'm not going to tell you... for Free.... you understand...
psst it's offshore real estate hedges ( I think anyway )
TA DA!
Remember. Doom is coming. I'm concerned for you, because the government can print more money,
they will never do so properly and they'll fail. Actual Gold coinage will be valuable when it all goes down because other financial instruments
will fail because they are not gold
Buy the newsletter. Some people even sign up for LIFE. That's how much they trust me.
 
2013-05-20 12:08:20 PM

xanadian: Your blog sucks.

I mean, it REALLY sucks.



i0.kym-cdn.com
 
2013-05-20 12:28:16 PM
Debt slavery was sort of the whole game plan for this joint, folks.  It's not a conspiracy, it's a business plan.  That being said, who is this mook?
 
2013-05-20 01:06:05 PM

huntercr: I listened to the whole thing so you wouldn't have to. The most frustrating this is that he take a lot of factual things and mixes them slightly and implies two things are related. His appeal to fear is present throughout the presentation.  BONUS: He Godwin's the whole thing about 2/3rd's of the way through.
========


In other words, his target market are NRA and Tea-Party members.....standard MO for both organizations.
 
2013-05-20 03:06:14 PM

stevetherobot: To get the reports, subscribe to the P.S. newsletter for $149.


If the dollar is so worthless, you'd think he'd require payment in gold or something!
 
2013-05-20 03:15:20 PM
I remember watching the "so damn rich" infomercials when I was like 8 and thinking:  "Why are they selling this if they are so damn rich?"

Pitiful that it works on sentient beings with the ability to understand more than 5 words.
 
2013-05-20 04:00:59 PM

IRQ12: I remember watching the "so damn rich" infomercials when I was like 8 and thinking:  "Why are they selling this if they are so damn rich?"

Pitiful that it works on sentient beings with the ability to understand more than 5 words.


"You can make a lot of money selling what I'm selling you now, and you only have to give me 40%!"  Milllllions, oh erstwhile citizen!
 
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