[freudling]

Americans particularly... chime in. What do 'ya'll' think?

Stansberry's Investment Advisory

[Phileas]

Has all the hallmarks of scam, including a "wait, don't leave popup" on close.

[Big Mac]

That's the one predicting the imminent financial demise of the US, right? If so, while I'm receptive to clarion calls alerting people to government fiscal recklessness, I listened to the first ten minutes of that presentation and realized that his claims were in part based on factually inaccurate fear mongering.

[Spheric Harlot]

Awesome.

I love the example with the German who has to exchange his German Marks - "or the new Euro currency" for dollars before he can buy oil.

Which financial "expert" advises against current economic problems using terms obsoleted in 1998/2002?

[Atheist]

Wow! HALF-OFF the normal $99 yearly rate! Sign me up now!

[turtle777]

Originally Posted by freudling 

Americans particularly... chime in. What do 'ya'll' think?

Stansberry's Investment Advisory

Well, I might disagree with the way it's presented, including the pop-up when you try to close, but the CONTENT of this presentation is correct.

Actually, there are numerous economists that have been warning for years that the US is going in the direction of hyperinflation and sovereign debt crisis (Peter Schiff as a notable example).
None of this is new and too surprising.

E.g. read Rogoff's and Reinhart's book "This time is different - Eight Centuries of Financial Folly"
Amazon.com: This Time Is Different: Eight Centuries of Financial Folly (9780691142166): Carmen M. Reinhart, Kenneth Rogoff: Books

It talkes about hundreds of years of debasement of currencies and sovereign debt crisis. This is what's happenning in the US and the Western world. Fiat currencies have ALWAYS ultimately failed. No exception.

What to do ? You don't need a newsletter for that.
Invest in hard assets like precious metals, commodities, energy. Get out of bonds and consumer companies.

-t

[freudling]

He's right about things though, although like a typical American, sell, sell, sell! Promote, promote, promote! You guys are funny...

Anyway, the US currency has been taking a beating over the past few years. The CAD dollar is now worth more. The thing I see though, is that the best way out of a recession is to innovate your way out of it. The thing Americans are really good at is innovation, and sparking new business. For instance, all the strategic green energy funding from Obama. I saw the list from small to large companies and was impressed.

But then the stimulus funding... that is such a mixed bag, the war in Iraq and Afghanistan, etc. Well, if you know you're able to just print money, then I can see the massive debt not being a problem, but things have imploded.

Anyway, innovation. Apple, Google, MS, big big companies all from the US. The way I see it, the death of America has been greatly exaggerated. Let's Go. Amer. i. ca. Let's Go. Clap. Clap.

[finboy]

Originally Posted by Phileas 

Has all the hallmarks of scam, including a "wait, don't leave popup" on close.

I finally remembered to look into this a couple of weeks ago. It's a scam. There's absolutely nothing behind any of it.

That is to say: it's just like a lot of other apocalyptic drivel, they have just enough fact to make it sound fascinating.

For one thing, the big idea NOW is the removal of the $ as the oil reserve currency. If THAT happens... it will mean nothing. They're either worth something or not. And whether they are reserve dollars is meaningless. The denomination of the asset means nothing to the value of the asset. Or at least that's what a couple centuries of research demonstrates. If people are worried about the underlying economic system, THAT'S what causes problems (such as the sterling problem in 1970s England).