John R. Houk
© March 30, 2013
Below is the 51 page text of the video that pitches a subscription to Stansberry’s Investment Advisory. When you get weary of the promoted video or actually watch it to its end then “X” out of the webpage then you will get the pop-up that asks to if you desire to leave the page or stay on the page. If you choose “stay” you are transferred to the text I wrote below.
Stansberry often advertises via Conservative websites with some kind of hook similar to the “WARNING” in the opening paragraph. I am not necessarily a promoter of Stansberry’s business opportunities however the pitch leading up to the product promoted is often informative. This is one of those cases.
This huge article is something that is very informative on a perspective of the U.S. Dollar’s future viability as the global currency. Of course the essential problem appears to be the Dollar is based on debt rather than precious metals such as gold, silver and etc.
I grasp history better than economics so a little of the terms in this sales pitch is something I had to look up to understand it. For example I was clueless on the significance of the International Monetary Fund’s (IMF) creation of a back-up monetary reserve that is not an actual currency but is based on the weight of value of major nations of which currently the USA is the primary nation. This IMF back-up monetary reserve is called Special Drawing Rights (SDR):
… defined on the IMF website as,
“…an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries.
The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.” (Collapse of the Dollar – Only One “Party” can Speak the Truth; by Lee Cary; TeaParty911.com; 2/27/13 7:38 PM; READ ENTIRITY)
If you are like me you may desire a greater understanding of SDRs for it is a key component of the below essay. So for extra reading here are some links:
o Gold Will Play A Key Role In Emerging Global Monetary Order
o IMF calls for dollar alternative
o Special Drawing Rights: The SDR Fact Sheet
o Replacing the Dollar with Special Drawing Rights—Will It Work This Time?
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Stansberry’s Investment Advisory pitch. Porter Stansberry 2-2013
What you are about to read is controversial, and may be offensive to some audiences. Reader discretion is advised.
Hello. My name is Porter Stansberry.
Fourteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries.
You may know of our firm because of the work we did over the last several years – helping investors avoid the big disasters associated with Wall Street’s collapse.
We warned people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, General Motors and dozens of other companies that have since collapsed.
We even helped our subscribers find opportunities to profit from these moves by shorting stocks and buying put options. To my knowledge, no other research firm in the world can match our record of correctly predicting the catastrophe that occurred in 2008, and the rebound that has occurred since then.
The video presentation we created three years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell.
But that’s not why I created this follow-up presentation.
I reference our success and experience with Wall Street’s latest crisis because we believe there is an even bigger crisis lurking –something that will shake the very foundation of America.
I know that to most people, the situation seems to be getting better. Stocks have recovered nearly all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here’s the thing:
The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were five years ago.
And that is why I’ve spent a significant amount of time and money in the past few months preparing this presentation.
In short, I want to talk about a specific event that will take place in America’s very near future… which could actually bring our country and our way of life to a grinding halt.
This looming crisis is … READ FROM THIS POINT AT SlantRight 2.0