Porter Stansberry, ture or not?

[cameorose]

I just listen to Porter Stansberry's " End of America". Some of the thing's sounded like the truth. But can the american currency hit bottom and another great depression really happen. I ready to arm myself with gun's,food, and crawl in a bunker!? Any truth in what he say's.!?

[TigerFan06]

Supposedly he has a very accurate track record as far as "predicting bad things". I have only seen about half of the presentation. You definitely have to be full of caffeine to sit through it all at once.

[97guns]

i dont know if all what he says will come to fruition but most of what he says is fact. printing presses are running non stop, what happens to your dollar? it gets diluted and can easily collaps. every country is on the verge of bankruptcy, every single state in our union is in a defeceit, every city within the state is in a defeceit. state pension funds are way underfunded, private pensions are underfunded, ALL government funding is underfunded, ive heard mention of QE propping up the stock market, its a HUGE ponzi scheme that is on the verge of collaps. we may be at a point of no return in reguards to the dollars strength.

look at the broader picture - whats happening in europe, middle east, japan, all over the world. the economy is super fragile and weather events could cause shortages - already happening in australia, china and now japan will need more outsourced food thats in shortening supply.

i am prepared for a potential dollar crash and believe that it is an orchestrated event that is starting in the europe states right now. the elites want a new world order with 1 currency and crashing europe and americas dollar will bring in a new currency. mark my words.

[maat55]

I'll answer your question with some questions.

Is the US and our dollar invincable?

Does anyone really believe that the dollar is worthy to be the world currency any longer?

America has clearly debased its currency and the world is not likely to accept losses for american policies. The only thing the world is concerned with is how to do it without great pain.

[Mr Nice Guy]

Use your time more wisely. Dont worry about this stuff. If the crap hits the fan, we'll cross that bridge as it happens.

There are still underground bunkers people built for the commie invasion, just sitting there... Lol what a waste of money!

[greenskeeper]

Originally Posted by maat55

I'll answer your question with some questions.

Is the US and our dollar invincable?

Does anyone really believe that the dollar is worthy to be the world currency any longer?

America has clearly debased its currency and the world is not likely to accept losses for american policies. The only thing the world is concerned with is how to do it without great pain.

August 15, 1971

since....FIAT money.

[Frugal]

I don't know this man or if what he says is true, but I am personally doing all I can to save money on everyday expenses like groceries, and prepare by stocking up on food and health items, so if the economy gets even worse, and gas, say, breaches the $5 mark and heads towards $10, I will be better prepared to deal with buying food and necessities.

If the dollar ever does crash, and leads us into a greater World Depression, I believe that it will take some time to come about, as in a matter of years.

[khosta]

If the dollar crashes, it crashes. There is no way for us to stop that tragedy from happening if it's going to happen. I say don't stress about it... Save the money you can, live the life you're living and enjoy yourself!!! Who knows... you might even die before that happens!!! No need to worry about what "may be," just take care of yourself and live a happy life!!!

[97guns]

Originally Posted by Frugal

I don't know this man or if what he says is true, but I am personally doing all I can to save money on everyday expenses like groceries, and prepare by stocking up on food and health items, so if the economy gets even worse, and gas, say, breaches the $5 mark and heads towards $10, I will be better prepared to deal with buying food and necessities.

thats the smartest thing you can do, buying food and necessities is the greatest inflation hedge you can have.