edit-article

Article Description: review-theory-the new america or the end of america by porter stransberry

Chapter ID/Name:

Status: Write Writing Written

Add Photo:

Owner ID:

Content: use HTML Edit Content <ol> <li>] saw a tv ad directing me to website&nbsp; <a href="http://www.newamerica5.com">www.newamerica5.com</a> where <a href="http://en.wikipedia.org/wiki/Porter_Stansberry" target="_blank">porter stransberry</a>&nbsp;who owns "stransberrys&nbsp;&amp; associates Investment research" produced&nbsp;an "end of america" video (77:00).</li> <li>] Porters claim to credability is that he <strong>accurately predicted</strong> the pending failure of Fannie Mae, Freddie Mac, General Motors, Lehman Brothers and other US entities&nbsp;<strong>before</strong> the financial crisis of 2008</li> <li><strong>] The video draws&nbsp;these conclusions about the future ...&nbsp;</strong></li> <li><strong>] americans are living beyond their means and have been for a long time,</strong></li> <ol> <li>] 43%&nbsp;of american households spend more then they earn&nbsp;</li> <li>] all of the states are going broke,&nbsp;</li> <li>] even if the government collected 100% tax the would not be able to pay off their debt&nbsp;</li> <li>] whats going to happen when interest rates start to go up</li> </ol> <li><strong>] the reason that we have been able to do this, </strong></li> <ol> <li>] is because we can basically print more money&nbsp;b/c the american dollar is whats known as the worlds reserve currency</li> </ol> <li><strong>] us dollar is going to be replaced by _something_else_ as the worlds reserve currency</strong></li> <ol> <li>] this is going to cause massive inflation in the us, which will lead to a reduction in the standard of living,(and he suggest riots in the street, runs on banks, marshall law imposed by the military)</li> </ol> <li>] normalcy bias - causes us(most americans)&nbsp;not to worry about it</li> <li>] the US economy is NOT off of life support just yet</li> <ol> <li>]&nbsp;15% or 1 in 7 americans are on foodstamps,&nbsp;</li> <li>] the unemployent rate is NOT 8% but&nbsp;maybe as high as 22%, cites an examples of 700 people in ohio applying for a 16$ hour janitor job or over&nbsp;2000 in ny lining up for days to apply for&nbsp;an elevator mechanics apprentice position</li> </ol> <li>] only 4 companies in america are AAA rated ( down from 69 in yyyy)</li> <ol> <li>american companies like macdonalds and another are going to chinese dollar backed securities to attract investment</li> </ol> <li><strong>] and then goes on to suggest some ways</strong> that you can reap the benefits</li> <li>] free report - 4 ways to get your money out of the us legally</li> <li>] free report - gold - up over 500% since 2000,</li> <li>] free report - silver - up over 600% since 2000,</li> <li>]&nbsp;free report - 100% secret</li> <li>] free report - world most valuable asset</li> <li><strong>] the pitch is for newsletter subscription</strong> , offered at 50% off o- sign up for free trial subscription - 49.50, with a 4 month money back guarantee, if your not happy keep all of the above and he will return your 49.50</li> </ol>