Quote:
Originally Posted by JohnnyD
He's been selling this crap for quite a number of years now. No different that that religious scam artist that was preaching about the end of the world and then had a new explanation each time the Reckoning didn't come.
Only difference is that Porter Stansberry does a better job keeping his predictions open-ended. If you sign up for his newsletter, he continually tries to sell you investment-related products so that you can "hedge and plan for the coming collapse."
Just a bunch of fear mongering in order to sell you a product.
It also means oil prices would increase, our exports would be worth less value and we'd pay more for he commodities that we have to import.
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Just because he is trying to sell a product doenst mean its not true. I know nothing of this guy but I can tell you his basis is sound. Just look at whats going on in eurpore, middle east and our current govt system. Maybe its fear mongering but you do know the US Govt credit was downgraded, right? And since then we've done what?
Oh yeah, extended the payroll tax cut.......putting us deeper in debt. once again