I started watching Porter Stansberry’s video in which he predicts that the United States and its citizens will in the near future suffer severe economic damage that will revival the great depression of the 1930s. Once I started the video I could not stop watching it because you do not have the ability to stop or pause it. I don’t know exactly how long it lasted, but it seemed like it ran about one hour. Despite the video’s length, I believe every American who has substantial property should watch it. If only there were a law that required every elected official in the United States to watch the video.
Stansberry gives a very informative economics history lesson. The video is full of facts that are sobering and that most people (me included) do not know. I learned a lot, but be warned, the message and the lesson to be learned from the history lesson is very scary. At the end of the video, he does offer steps that we can take to protect against the economic collapse. He convinced me. Do yourself a favor and listen to the entire video. You may disagree with Porter Stansberry’s conclusions, but if you agree with him you will be glad you watched, listened and learned.
If you don’t have time to watch the video, click on the tab in your browser to close the window and you will be asked if you want to leave the page. Click stay on page and you will be able to read the text of the video. Please watch the video, read the text or do both. It’s chock full of charts and stats. The following is Mr. Stansberry’s introduction to his video essay:
Hello. My name is Porter Stansberry.
A little over ten years ago I founded Stansberry & Associates Investment Research. It has become one of the largest and most recognized investment research companies in the world, serving hundreds of thousands of 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 investors to avoid Fannie and Freddie, Bear Stearns, Lehman Brothers and 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.
But that’s not why I created this letter.
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.
And that is why I’ve spent a significant amount of time and money in the past few months preparing this letter.
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 related to the financial crisis of 2008… but it is infinitely more dangerous, as I’ll explain in this letter.
As this problem comes to a head, I expect there to be riots in the streets… arrests on an unprecedented scale… and martial law, enforced by the U.S. military.
Believe me, I don’t make this prediction lightly and I have no interest in trying to scare you.
I’m simply following my research to its logical conclusion.
I did the same when I tracked Fannie and Freddie’s accounting. The same with General Motors. And Bear Stearns and the rest. And when I began giving this warning in 2006 no one took me very seriously… not at first. Back then, most mainstream commentators just ignored me.