« porter stansberry

Porter stansberry posts

James Tom's right. This is much watch stuff. Hope he's right that US dollar as world currency is not inevitably doomed!
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Clint
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Jon
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Brent
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Bob
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Jason
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Jeff Must watch.
As dollar pushes to new highs, will the Fed halt its run?
finance.yahoo.com
James Rickards and Harry Dent debate the dollar's future
1 month ago
Yolanda Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth 07.01.2014 BY KELLY BROWN Free market economists are not going to be happy about this... A major financial news source just published shocking details about a research Read more ... report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples— almost always from countries experiencing a currency crisis: In Cyprus ...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland ...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina ...citizens must pay an extra tax on vacations abroad. In the Ukraine ...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014 Follow Our Blog
2 months ago
I.p.
Timeline Photos
"I'd like to make you a business offer. Seriously.
2 months ago
Wall Wall St for Main St will be taking off this week and next week for a vacation from podcast interviews! Then we'll have some big name guests back on like Dr. Marc Faber, Rob Kirby, Rick Rule and Jim Rickards in the next 2 months along with potential n Read more ... ew guests like Paul Craig Roberts and Porter Stansberry! http://youtu.be/wERNEvnW_Y8
August 2014: 2 Week Vacation for Jason Burack & WS4MS!
Jason Burack and the Wall St for Main St team are taking a 2 week vacation including this week from doing interviews as we recharge our batteries, enjoy our ...
2 months ago
Tevis Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth 07.01.2014 BY KELLY BROWN Free market economists are not going to be happy about this... A major financial news source just published shocking details about a res Read more ... earch report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here.
2 months ago
William-Dana MUST READ -- Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth 07.01.2014 BY KELLY BROWN -------------------------------------------------------------------------------- Free market economists are not going to b Read more ... e happy about this... A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: •In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. •In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. •In Argentina...citizens must pay an extra tax on vacations abroad. •In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014
2 months ago
Susie One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. S Read more ... tansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. http://www.wealthreporter.com/sa/fed-employees-trap-c.html?mvcode=212521
Wealth Reporter - The Golden Truth
www.wealthreporter.com
A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.
3 months ago
Rusty 'It's amazing what you can accomplish if you simply refuse to quit.' ~Porter Stansberry
3 months ago
Emmanuel "It's amazing what you can accomplish if you simply refuse to quit." - Porter Stansberry
3 months ago
Lonnie "It's amazing what you can accomplish if you simply refuse to quit." - Porter Stansberry
3 months ago
Diego "It's amazing what you can accomplish if you simply refuse to quit." - Porter Stansberry
3 months ago
Zahida "It's amazing what you can accomplish if you simply refuse to quit." - Porter Stansberry
3 months ago
Interact It's the new subprime lending bubble… I subscribe to an investment newsletter called Stansberry Research. As with all newsletters I don't jump when the writer says one must, you'd never stop jumping. However, today's letter confirmed what I suspec Read more ... t may be another worrisome trend to be aware of. In 2008 the market collapsed under the weight of subprime mortgages and Wall Street's involvement. Today, Wall Street has another impending disaster on its hands, subprime auto loans! While this is USA info, I am confident that the content applies in Canada as well. Read at your own pleasure, and please don't worry if you are invested with us; our investment managers with whom we work don't travel down these risky roads. Our dollar-cost averaging approach to investing also helps to lessen any exposure to negative markets. ___________________________________________ It's the new subprime lending bubble… In the March issue of Stansberry's Investment Advisory, Porter and his research team discussed the growth of subprime auto lending… "The last few years have seen a surge in Wall Street's involvement in car loans. Blackstone, the premier private-equity firm, bought car lender Exeter Finance in 2011, starting a 'land rush' in the sector. Soon, others followed, like asset-management firm Perella Weinberg, which partnered with CarFinance Capital." Historically, it was the regionally operated small, private finance companies that dominated the car-finance sector… What you can charge for a car loan varies from state to state. But when Wall Street – thirsty for yield – learned you can charge 19% for subprime auto loans, it came running. From the March issue… Take what it costs a finance company to acquire capital. Take for example, Santander Consumer USA (SC), one of the largest providers of car loans. It has been paying about 2% for capital, thanks to the government's war on interest rates. Subtract that 2% cost of capital from the 19% Santander could earn providing a loan to a subprime car buyer. Yes, Santander will have to cover some overhead costs. Bankers and loan brokers aren't cheap. And figure a few points for the inevitable credit losses. But then remember: These loans could be sold to other investors – or even better, to the public. Now throw in a bunch of leverage. Presto. You've got a recipe for an auto boom. And shortly thereafter, you've got another subprime lending bust. Lending volume grew, standards fell, and terms expanded… Today, subprime car loans make up one in every four loans. And $18 billion in auto loans were securitized and sold to investors, allowing the finance firms to shift the credit risk to investors… The next part sounds even more familiar to me. Standard & Poor's released a report on February 26, 2014 warning that subprime auto loans were beginning to go bad at an alarming rate, before any material decrease to employment or other economic activity. "In our opinion, we're at a turning point with respect to subprime auto loan performance," the credit-ratings agency wrote, "similar to where we were in 2006." A collapse in auto finance will devastate our economy. And several consumer finance companies are at risk. The New York Times echoed our sentiment yesterday… In a story titled "In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates," the paper exposed the rampant fraud in auto lending today: Forging lending documents, lying about borrower income, inflating loans, etc. In other words, exactly what we saw leading up to the collapse in subprime home loans. From the Times… The New York Times examined more than 100 bankruptcy court cases, dozens of civil lawsuits against lenders and hundreds of loan documents and found that subprime auto loans can come with interest rates that can exceed 23 percent. The loans were typically at least twice the size of the value of the used cars purchased, including dozens of battered vehicles with mechanical defects hidden from borrowers. Such loans can thrust already vulnerable borrowers further into debt, even propelling some into bankruptcy, according to the court records, as well as interviews with borrowers and lawyers in 19 states. Firms are lending to the bankrupt, the unemployed, and people living on Social Security. In many cases, the loan balances were so high because the borrower still owed money on the car he was trading in, which was rolled into the new loans. Other loans had life insurance policies rolled into them, which would pay the loan in the case of the borrower's death. But despite the warnings we mentioned above from ratings agency Standard & Poor's, the company still slapped a "AAA" rating on this garbage. The Times article notes a bond issue from Prestige Financial Services of Utah. The $390 million bond sale was four times oversubscribed. And many of the bonds are backed by auto loans made to people who have been in bankruptcy. The average interest rate on the loans in Prestige's latest offering was 18.6%. And the loans are already showing some signs of stress… According to the Times – which cited credit-data firm Experian – banks are writing off an average $8,541 of each delinquent loan, up about 15% from a year ago. And repossessions are up 78% to around 388,000 cars in the first three months of the year versus a year ago. The number of borrowers who are over 60 days late on their car payments jumped in 22 states over the same period, according to the Times. Private-equity firm and Small Stock Specialist holding Kohlberg Kravis Roberts (KKR) – along with two other private-equity shops – had invested a total of $1 billion in auto lender Santander Consumer USA. But KKR wisely sold most of its stake when Santander went public in January. As you can see in the following chart, Santander shares have collapsed…
3 months ago
Roman
Porter Stansberry- Porter Stansberry: This could be the last warning Americans will get
www.thedailycrux.com
"When that day comes, people will look back and realize..."
3 months ago
Roman
Porter Stansberry: An urgent warning for middle-class Americans
thecrux.com
From Porter Stansberry in The S&A Digest: Today's Digest is something totally different... I believe it's time to prepare for a crisis – to really prepare. And I think you'll find my advice on how to...
3 months ago
Daniel Not a subscriber? Click here to learn more. Advanced Search . Home About Us Resources Archive Free Reports Market Window Steve's note: My friend Porter Stansberry is the smartest guy I know. Earlier this week, he told a crowd of hundred Read more ... s at the Stansberry Alliance Conference, "Nearly every article of the Communist Manifesto has been adopted by the government of the United States." I hate to think he might be right. Unfortunately, he usually is. While you may disagree with him, you should still consider what he has to say... Don't Fool Yourself: America Is "Now a Communist Nation" ByPorter Stansberry Wednesday, November 11, 2009 At last year's Alliance Conference, I urged folks to buy stocks – vehemently... It was the most bullish I've been in my entire life. But now I feel the opposite way. When the facts change, I change my mind. I never thought we'd see the government running $2 trillion deficits, taking over health care, owning all the banks... The stock market seems to believe the government can solve all of our problems with paper money and bureaucratic mandates. My bet is, it doesn't work... at least, not for long. And given the choice between earning less than 1% in the bank and buying gold at $1,100 per ounce, I'm buying gold. Watching the government rack up debts that will be impossible to repay while narrowing the tax base (at least 50% of Americans pay zero federal income tax) at the same time is very scary. Not only has the government gone mad with spending and corruption, but it also expects about 10% of the population to pay for essentially all the costs. The math simply doesn't add up: 10% of the population can't (and won't) pay for all of the costs of a socialist federal government. This has nothing to do with traditional party politics. Both parties have grown the size and responsibilities of government. Both parties have added to the national debt. And both parties support the narrowing of the tax base – because that's what makes good political sense in an unlimited democracy... Promise the voters they can live at the expense of their neighbors and future generations. Unfortunately, we know from history this kind of political system can't last for long – for lots of reasons. One important reason: The rich will leave. Or they will stop working. They will hide their incomes or only invest in tax-protected vehicles. And we know the political response will be tougher laws on emigration, taxation, more money printing, and – eventually – capital controls that make it impossible to protect yourself from a massive currency devaluation. That's the script. We've watched the same things happen dozens of times around the world following World War II and the introduction of a global paper currency standard, which allowed governments to run huge deficits and finance their activities through inflation and devaluation. We just never thought we'd see it happen here. Today, the idea of leaving America in search of freedom and financial security seems like absolute madness. But it won't for long. And by the time most people wake up to the very real threats to their standard of living, it will be too late. The trends I'm talking about are cultural and fiscal, not ideological. Read the original Communist Manifesto. It's nearly identical to today's government policies. Any politician who tries to oppose the landslide of modern entitlements is immediately labeled a kook and is unelectable. Whether you think we ought to have free health care and drugs for retirees, more military spending than the rest of the world combined, a bankrupt retirement scheme based on government debt, government guarantees for the banks, etc. doesn't matter to me. I'm not interested in pie-in-the-sky ideas about how the world should work. I write about how the world does work. And I can tell you this with 100% accuracy: You cannot support the world's reserve currency when you are the world's largest debtor, when you plan to finance annual deficits exceeding $2 trillion with progressive income taxes and money printing. Our economy is a charade. And when it falls apart, the consequences will be devastating. Regards, Porter Stansberry More from Steve: I did my homework after I heard Porter speak, and I was surprised. Porter was right... Heavily progressive taxation, state-owned schools, government controlling the banks, printing the money, and owning manufacturing – these are not free-market ideals. They're the opposite. These are calls right out of the Communist playbook. It's not nutty to take steps to protect yourself from the possibilities Porter brings up... It's prudent. If you'd like to learn more about what Porter sees ahead and how to profit from it, click here. Editor's note: If you'd like more insight and actionable advice from Porter Stansberry, consider a free subscription to DailyWealth. Sign up for DailyWealth here and receive a report on how to prosper despite the Fed's inflationary policies. This report will show you how to protect your hard-earned money from what Porter has dubbed the "End of America." Click here to learn more. Further Reading: This Is Where I'll Go to Escape America The Federal Reserve Is Openly Telling You to Buy Gold and Silver
3 months ago
Dominick 07.01.2014 BY KELLY BROWN Free market economists are not going to be happy about this... A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report appla Read more ... uds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014 Follow Our Blog Get direct access to everything published by DailyWealth. We respect your privacy. RECENT POSTS Obama’s Secret New Tax Claim [FREE REPORT] on Devastating new currency law that went into effect July 1st, 2014. Learn More 3 Critical Survival Items What really killed 20 million in the 1918 flu epidemic? Protect yourself and get the answer here... Click Here The End of Obama White House Scandal? Shocking video reveals a white house scandal that could shut down the banks... Click Here Crazy Side Income Michelle Obama’s Crazy Side Income: She shares in more money per month than most people do in 1 yr... Full Story Here The End Of American Stocks Soar – but some wealthy citizens are preparing for “The End of America”. Here's Why New Obama Law -- 1st Look
3 months ago
Jim Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth The catastrophic events that just went live on July 1, 2014 ( http://pro1.stansberryresearch.com/212521/ ) Free market economists are not going to be happy about this… A ma Read more ... jor financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina…citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements… Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange….That means bad things are in the wind.” For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen… not here… Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government http://www.wealthreporter.com/sa/fed-employees-trap-c.html?mvcode=212521
Wealth Reporter - The Golden Truth
www.wealthreporter.com
A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.
3 months ago
Michelle If you have not read facts and reports gathered by Porter Stansberry, a Baltimore investment firm, concerning a 'capital control" law put into effect on July 1, 2014 by the Obama administration, do yourself a favor and click on the link below. A majo Read more ... r financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. http://www.wealthreporter.com/sa/fed-employees-trap-c.html?mvcode=212521
Wealth Reporter - The Golden Truth
www.wealthreporter.com
A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.
3 months ago
Rahman
Porter Stansberry Research - The End of America
This is from Stansberry Research I didn t create i
3 months ago
Saumya The surest way to destroy someone is to give them something they don't deserve -Porter Stansberry
3 months ago
Svetlana
Alvaro Marino Aragon Quintero
New Obama Law (Bill "H.R. #2847") Could Usher in Collapse of U.S. Dollar On July 1st of this year, H.R. Bill #2847 went into effect. This bill has the potential to make millions of Americans poorer - overnight. Even some liberals have called it a " Read more ... nightmare and disaster." Get the facts to protect yourself here... Dear Fellow American, Hello. My name is Porter Stansberry. Fifteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. Today we have more paid subscribers than many of America's most popular newspapers, including Barron's and Investor's Business Daily. We specialize in financial research, and serve hundreds of thousands of paid 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 people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, 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, and the rebound that has occurred since then. The video presentation we created four years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell. But that's not why I created this follow-up presentation. 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 we believe it will accelerate at an extremely rapid pace, beginning in 2014, because of a devastating new law, that just went into effect this summer. Very shortly, I'll explain more about exactly what this new law does and why it could be harmful to every single American. I know that to most people, the situation seems to be getting better in America. Stocks have recovered all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here's the thing: The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were six years ago. And that is why I've spent a significant amount of time and money in the past few months preparing this presentation. 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. As I'll explain in a moment, the law that just went into effect could dramatically accelerate this process. 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 will be a near-complete shut-down of the American economy. Life as we have known it for more than 40 years will essentially cease to exist. Our governments on both the Federal and State level will shut down. Banks will not open. Businesses will at least temporarily shutter their doors. I expect we'll see 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 Mae and Freddie Mac's accounting. Also with General Motors, Lehman Brothers 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. And when I presented my case and exposed the facts at economic conferences, they got angry. They couldn't refute my research... but they weren't ready to accept the enormity of its conclusions either. That's why, before I go any further, I have to warn you... What I am going to say is controversial. It will offend many people... Democrats, Republicans, and Tea Partiers, alike. In fact, I've already received dozens of pieces of hate mail. And... the ideas and solutions I'm going to present might seem somewhat radical to you at first... perhaps even "un-American." My guess is that, as you read this letter... you'll say: "There's no way this could really happen... not here." But just remember: No one believed me four years ago when I said the world's largest mortgage bankers - Fannie Mae and Freddie Mac - would soon go bankrupt. And no one believed me when I said GM would soon be bankrupt as well... or that the same would happen to General Growth Properties (the biggest owner of mall property in America). But again, that's exactly what happened. No one believed me in 2011 when I said the crisis would cause "riots in the streets." Then came the protests in Wisconsin, and the Occupy Wall Street movement all over the country. And that brings us to today... The same financial problems I've been tracking from bank to bank and from company to company for the last six years have now found their way into the U.S. Treasury. I'll explain how this came to be. What it means is critically important to you and every American... The next phase in this crisis will threaten our very way of life. The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement. It will change everything about your normal way of life: where you vacation... where you send your kids or grandkids to school... how and where you shop... the way you protect your family and home. I'll explain how I know these events are about to happen. You can decide for yourself if I'm full of hot air. As for me, I'm more certain about this looming crisis than I've been about anything else in my life. I am literally afraid for my family's future, and I have taken drastic steps to prepare for what I know must inevitably happen next. I know that debts don't just disappear. I know that bailouts have big consequences. And, unlike most of the pundits on TV, I know a lot about finance and accounting. And this is all coming to a head much, much sooner than most Americans think. Of course, the most important part of this situation is not what is happening... but rather what you can do about it. In other words... Will you be prepared when the biggest financial crisis in America in more than 50 years, hits? Don't worry, I'm not organizing a rally or demonstration. And I've turned down every request to run for political office. Instead, I want to show you exactly what I'm doing personally, to protect my family, and to protect and perhaps even grow my money, and how you can prepare as well. You see, I can tell you with near 100% certainty that most Americans will not know what to do when commodity prices – things like milk, bread and gasoline – soar. They won't know what to do when banks close... and their credit cards stop working. Or when they're not allowed to buy gold or foreign currencies. Or when food stamps fail... or their Social Security checks come to a halt. In short, our way of life in America is about to change – I promise you. In this letter I'll show you exactly what is happening, and why it is inevitable. Again, you can challenge every single one of my facts and you'll find that I'm right about each allegation I make. Then, I hope you'll take action for yourself. Will you act now to protect yourself and your family from the catastrophe that's brewing right now in Washington D.C.? I hope so. And that's why I wrote this letter. I'm going to walk you through exactly what I am doing personally, and what you can do as well. I can't promise you'll emerge from this crisis completely unharmed – but I guarantee you'll be a lot better off than people who don't follow these simple steps. But I'm getting ahead of myself just a bit. Let me back up and show you in the simplest terms possible what is going on, why I am so concerned, what I believe will happen in the next 12 months, and exactly what is going to happen when this devastating new law takes effect, later this year...
4 months ago
Svetlana
Alvaro Marino Aragon Quintero
New Obama Law (Bill "H.R. #2847") Could Usher in Collapse of U.S. Dollar On July 1st of this year, H.R. Bill #2847 went into effect. This bill has the potential to make millions of Americans poorer - overnight. Even some liberals have called it a " Read more ... nightmare and disaster." Get the facts to protect yourself here... Dear Fellow American, Hello. My name is Porter Stansberry. Fifteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. Today we have more paid subscribers than many of America's most popular newspapers, including Barron's and Investor's Business Daily. We specialize in financial research, and serve hundreds of thousands of paid 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 people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, 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, and the rebound that has occurred since then. The video presentation we created four years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell. But that's not why I created this follow-up presentation. 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 we believe it will accelerate at an extremely rapid pace, beginning in 2014, because of a devastating new law, that just went into effect this summer. Very shortly, I'll explain more about exactly what this new law does and why it could be harmful to every single American. I know that to most people, the situation seems to be getting better in America. Stocks have recovered all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here's the thing: The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were six years ago. And that is why I've spent a significant amount of time and money in the past few months preparing this presentation. 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. As I'll explain in a moment, the law that just went into effect could dramatically accelerate this process. 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 will be a near-complete shut-down of the American economy. Life as we have known it for more than 40 years will essentially cease to exist. Our governments on both the Federal and State level will shut down. Banks will not open. Businesses will at least temporarily shutter their doors. I expect we'll see 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 Mae and Freddie Mac's accounting. Also with General Motors, Lehman Brothers 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. And when I presented my case and exposed the facts at economic conferences, they got angry. They couldn't refute my research... but they weren't ready to accept the enormity of its conclusions either. That's why, before I go any further, I have to warn you... What I am going to say is controversial. It will offend many people... Democrats, Republicans, and Tea Partiers, alike. In fact, I've already received dozens of pieces of hate mail. And... the ideas and solutions I'm going to present might seem somewhat radical to you at first... perhaps even "un-American." My guess is that, as you read this letter... you'll say: "There's no way this could really happen... not here." But just remember: No one believed me four years ago when I said the world's largest mortgage bankers - Fannie Mae and Freddie Mac - would soon go bankrupt. And no one believed me when I said GM would soon be bankrupt as well... or that the same would happen to General Growth Properties (the biggest owner of mall property in America). But again, that's exactly what happened. No one believed me in 2011 when I said the crisis would cause "riots in the streets." Then came the protests in Wisconsin, and the Occupy Wall Street movement all over the country. And that brings us to today... The same financial problems I've been tracking from bank to bank and from company to company for the last six years have now found their way into the U.S. Treasury. I'll explain how this came to be. What it means is critically important to you and every American... The next phase in this crisis will threaten our very way of life. The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement. It will change everything about your normal way of life: where you vacation... where you send your kids or grandkids to school... how and where you shop... the way you protect your family and home. I'll explain how I know these events are about to happen. You can decide for yourself if I'm full of hot air. As for me, I'm more certain about this looming crisis than I've been about anything else in my life. I am literally afraid for my family's future, and I have taken drastic steps to prepare for what I know must inevitably happen next. I know that debts don't just disappear. I know that bailouts have big consequences. And, unlike most of the pundits on TV, I know a lot about finance and accounting. And this is all coming to a head much, much sooner than most Americans think. Of course, the most important part of this situation is not what is happening... but rather what you can do about it. In other words... Will you be prepared when the biggest financial crisis in America in more than 50 years, hits? Don't worry, I'm not organizing a rally or demonstration. And I've turned down every request to run for political office. Instead, I want to show you exactly what I'm doing personally, to protect my family, and to protect and perhaps even grow my money, and how you can prepare as well. You see, I can tell you with near 100% certainty that most Americans will not know what to do when commodity prices – things like milk, bread and gasoline – soar. They won't know what to do when banks close... and their credit cards stop working. Or when they're not allowed to buy gold or foreign currencies. Or when food stamps fail... or their Social Security checks come to a halt. In short, our way of life in America is about to change – I promise you. In this letter I'll show you exactly what is happening, and why it is inevitable. Again, you can challenge every single one of my facts and you'll find that I'm right about each allegation I make. Then, I hope you'll take action for yourself. Will you act now to protect yourself and your family from the catastrophe that's brewing right now in Washington D.C.? I hope so. And that's why I wrote this letter. I'm going to walk you through exactly what I am doing personally, and what you can do as well. I can't promise you'll emerge from this crisis completely unharmed – but I guarantee you'll be a lot better off than people who don't follow these simple steps. But I'm getting ahead of myself just a bit. Let me back up and show you in the simplest terms possible what is going on, why I am so concerned, what I believe will happen in the next 12 months, and exactly what is going to happen when this devastating new law takes effect, later this year... The Greatest Danger America Has Ever Faced? I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Again... I say these things as an expert in accounting and financial research. You may not think things are THAT BAD in the U.S. economy, or that our government spending is not "that bad," and I don't want to overwhelm you with numbers, but consider just one simple fact... Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have. Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday. For a point of reference, consider that in just two months, the government borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America. That's absolutely incredible, isn't it? Again, every hour of every single day, we are spending $200 million we don't have. Does that sound sustainable to you? Yet, you'll rarely see this fact reported anywhere else. Like I said earlier: You can challenge every single one of my facts and you'll find that I'm right about each allegation I make. Before you do that, however, I recommend you take a look at just one simple chart... This will tell you all you need to know about the likelihood of massive changes in the very near future. This will tell you whether or not things are really "normal" in America today. The chart I'm about to show you shows you the simple, nominal, increase in the size of the United States' central bank's balance sheet. I'm talking, of course, about the Federal Reserve, which controls the money supply in America. This chart shows that what has taken place is something straight out of Weimar Germany... or the last 20 years in Zimbabwe. This kind of gross, out-of-control experiment with our money has never happened before. No one can predict the exact outcome. Not me. Not anyone else. But it sure as hell isn't "normal." And it's sure to be a disaster. Here's the chart I want to show you. Normally, I study these kinds of numbers when I'm looking at a business to invest in or to recommend to my readers. But lately I've spent most of my time looking into our national balance sheet, because as the banking system collapsed in 2008... all of the bad debts were absorbed by the world's governments. And it continues to this day. We began the year 2014 with a net public debt that has more than doubled since the year BEFORE Barack Obama took office. These overwhelming public financial obligations are completely unprecedented in the history of our country, outside of the two major global wars we fought in the 20th century. But even these incredible figures don't tell the real story. Or even half of it. Various other government agencies and private companies taken over by the government also have obligations of nearly another $5 trillion. We've already booked complete losses on $140 billion worth of these obligations. Yet they remain completely off the federal balance sheet. When you add these other, genuine, federal obligations that exist right now, today, you come up with a total debt figure that's much more than $20 trillion. Far more than half of these debts were assumed under President Obama. We don't know what the full burden of these new and existing debts will be in total, over time. That's because the Federal Reserves power to manipulate interest rates is unlimited—at least for now that's the case. We don't know how much of Fannie's and Freddie's bad debts will eventually be covered by the U.S. Treasury. (We do know they have an unlimited line of credit... so it's a safe bet that we haven't seen the last of these charges.) Finally, we have no idea what the eventual costs of the Federal Reserve's ongoing expansion of the monetary base will be over the long term. There is one thing that's certain, however: these debts will not be free. They will carry a burden. Today, we have more government debt than any country in the history of the world. We have more debt than every country in the European Union... combined. With each additional commitment we sink further and further into debt... closing in upon the moment that we can simply no longer afford even the interest payments on our obligations. And here is the part that really matters... the costs of maintaining our debts are about to skyrocket. Right now the Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which our government can borrow money is at a record low level. In fact, the Federal Reserve has lowered its benchmark interest rate ten times since August 2007, from 5.25% to a zone between zero and 0.25%. Obviously, the current rate won't last forever. But what will happen if the average real interest rate ends up being just 4% annually, and we pay it off over 30 years like a mortgage? Incredibly, we'll spend $34.3 trillion to simply repay what we owe right now. If the rate ends up being 6%, we'll spend $43.1 trillion. Now, of course, our politicians believe that through policy and currency manipulation, they can simply avoid paying any of these costs. They can order the Federal Reserve to prevent interest rates from ever rising to a level that would cost the American people anything. They believe they can manage the economy, so the debts of Fannie and Freddie won't go bad. They believe (without any proof whatsoever) that they can stimulate the economy by even more deficit spending, so that it grows faster, allowing tax revenues to produce a surplus. Repaying these debts, they say, will be easy and painless. But you know better, my friend. You must know better. The wages of sin must be paid. And they will be paid. Just consider the plans of those who argue otherwise... Paul Krugman, one of the most widely read and respected "economists" in the country wrote about this incredibly naïve and ridiculous solution in a January 7th, 2013 New York Times column. He said: "There's a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector's items – but that's not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling – while doing no economic harm at all." Very few people, even our most influential economists, seem to remember that the utility of money and credit are based upon their soundness. Money allows people to exchange goods and services widely, greatly increasing the specialization of labor and facilitating the economic magic of competitive advantage. Money also plays the critical function of facilitating communications between and among many disparate actors. Price changes guide producers and consumers. But... when the money can't be trusted... this entire system breaks down. The price signals can't be relied upon. And it becomes harder and harder for people to exchange labor and capital. Likewise, credit enables an economy to grow by facilitating the growth of savings and capital investment through real interest rates. But very few people are willing to delay consumption and trust their savings in an economy that refuses to pay savers any return above inflation for their savings. And that's exactly where we are today. Although to most Americans everything seems calm... and that we are enjoying an economic recovery, I can promise you this: We are trapped. There is no way out. And nobody in Washington – not Republicans, not Democrats, and not even Tea Partiers – want you to realize how precarious our government's finances really are. They can't afford for you to understand this dilemma... or what it means. Because here's the thing... And this is the big secret the government hopes you never understand... According to even my most conservative calculations (again, using numbers provided by the Congressional Budget Office) a debt default by the U.S. government would be inevitable – were it not for one simple anomaly...the one thing that has saved the United States so far. I'm talking about our country's unique ability to simply print more money. You see, the U.S. government has one very important weapon to use in this crisis so far: We are the only debtor in the world that can legally print U.S. dollars. And the U.S. dollar is what's known as "the world's reserve currency." The dollar forms the basis of the world's financial system. It is what banks around the world hold in reserve against their loans. Again, that's a secret most politicians don't understand: As things stand now, the U.S. government can't go broke in any ordinary sense of the word because it can simply print dollars to pay for its bad debts. (It's been doing so since March of 2009.) That might sound pretty good at first. Since we can always just print more money, what is there to worry about...? Well, let me show you... Why Our Biggest Advantage Is About to Disappear You see, as things stand today, America is the only country in the world that doesn't have to pay for its imports in a foreign currency. Here's what I mean... Let's say you're a German and you want to buy oil from Saudi Arabia. You can't just pay for your oil in German marks (or euros), because the oil is priced in dollars. So you have to buy dollars first, then buy your oil. And that means the value of the German currency is of great importance to the German government. To maintain the value of its currency, Germans must produce at least as much as they consume from around the world...otherwise the value of its currency will begin to fall, causing prices to rise and its standard of living to decline. But in America...? We've been able to consume as much as we want without worrying about acquiring the money to pay for it, because our dollars are accepted everywhere around the world. In short, for decades now, we haven't had to produce anything or export anything to get all the dollars we needed to buy all the oil (and other goods) our country required. All we had to do was borrow and print more money. And boy did we. Take a look at this chart... Even as late as the 1970s, America was the world's largest creditor. But by the mid-1980s we'd become a debtor to the world. And since the late 1990s we've been the world's LARGEST debtor. Today, our government owes more money to more people than anyone else in the world. With all of these bad debts piling up, we've had to begin repaying our debts by printing trillions of new dollars. With QE3, the latest round of "quantitative easing," the Fed is printing $65 billion a month. That's nearly a trillion dollars a year. And now, finally, the impact of this is being felt in a big way. As our creditors figure out what's happening, we are beginning to have very, very big problems. I believe our creditors (which include foreign countries and other investors here and abroad) will either completely stop accepting dollars in repayment... or greatly discount the value of these new dollars. I'm sure you think that sounds crazy, but as I'll show you, it is already happening. In fact, Zha Xiaogang, a researcher at the Shanghai Institutes for International Studies, recently said: The shortcomings of the current international monetary system pose a big threat to China's economy." That's why China is now actively taking steps to phase out the U.S. dollar because of its frustration with the U.S. government's mismanagement of our currency. And how does our government respond? We have the audacity to label China a "currency manipulator!" Do you see the irony here? As a result of what our government is doing today, I'm confident we will soon see an end of the U.S. dollar standard. In fact, I'm 100% sure of it. It's not a matter of "if," but "when." And I think it's going to happen much, much sooner than most people think. In fact, I believe that the series of new laws, that went into effect on July 1st, 2014, are going to accelerate this trend... in very dramatic fashion. Even more importantly, these new regulations will make it nearly impossible for most Americans to legally protect their savings... so it's imperative that you get the facts, learn what you can do, and take action before that date. And I'm going to get to all of that in just a minute. Of course, I'm not the only one talking about the U.S. dollar losing its reserve currency status. Even some mainstream publications like the New York Post are recognizing the inevitability of this event. The Post recently reported that, "The US dollar is getting perilously close to losing its status as the world's reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm." And billionaire Ray Dalio of Bridgewater Associates, the largest and best-performing hedge fund in the world, told CNBC that it is "inevitable that the dollar's role as the world's currency will diminish from the dominant world currency to one of a few." "It will fade probably fairly quickly, so the United States, which accounts for almost two-thirds of the reserves will probably go down to 50 percent of the world's reserves." Keep in mind, the U.S. dollar has been the world's reserve currency for decades now... so most Americans don't have a clue about what the repercussions are of losing this status. And maybe you think it could never happen... but the truth is, this is exactly what happens when countries get too far in debt or when they consume too much or produce too little. In fact, the same thing happened to Great Britain in the 1970s. First Britain… Now America Most people don't know this, but Britain's sterling was the reserve currency for most of the world for nearly 200 years... for most of the 18th and 19th centuries. It continued to play this role until after World War II, when America was forced to prop up Britain's economy with foreign aid –remember the famous Marshall Plan, when we gave billions to help European countries rebuild? Unfortunately though, Britain pursued a socialist national agenda. The government took over all of the major industries. Like Barack Obama, Britain's leaders wanted to "spread the wealth around." Pretty soon the country was flat broke. The final straw for Britain came in 1967, when things got so bad the Labour Party (the socialists) decided to "devalue" the British currency by 14%, overnight. They believed this would make it easier for people to afford their debts. In reality, what it did was make anyone holding British sterling 14% poorer, overnight, and it made everything in Britain, much, much more expensive in the coming years. And for the country as a whole, it ushered in one of the worst decades in modern British history. Most Americans don't know about Britain's "Winter of Discontent" in the late 1970s, when the government put a freeze on wages. There were continuous strikes in nearly every sector... grave diggers, trash collectors... even hospital workers. Things got so bad at one point that many hospitals were reduced to accepting only emergency patients. And mothers giving birth had to bring their own linens. In 1975, inflation in Britain skyrocketed 26.9%... in a single year! The government also imposed what was known as the "Three Day Week" in 1974. In short, businesses were limited to using electricity for only three specified consecutive days' each week and they were prohibited from working longer hours on those days. Television companies were required to cease broadcasting at 10:30pm... to save electricity. Just how bad were things, exactly? Well, here's a photo of the garbage that piled up because they didn't have enough money to pay trash collectors a fair wage... Imagine... Britain was a global superpower for 150 years. But when they started intentionally devaluing their currency, things went straight downhill. It's now obviously clear that the same thing that happened to Britain's sterling when it was the world's reserve currency, is now happening to the U.S. dollar. In fact, the exchange value of the U.S. dollar has fallen nearly 20% since mid-2003, according to data from the Federal Reserve itself. As the U.S. dollar continues to lose its position as the world's currency, gas, oil, and other commodities will continue to skyrocket. Almost EVERYTHING we consume will get dramatically more expensive. All the clothing, furniture, and household goods we import from China. All the food we get from Central and South America... all the electronics, televisions, computers, and cars we get from Asia and Europe. And when you look back over the past few years, the numbers are startling... The chart below shows how much a few key commodities have skyrocketed in price, just since the beginning of 2009... And the point here is simple... As we print more money, the price of the world's most essential commodities have soared. This is NOT a coincidence. Around the world, as we print, prices soar... citizens protest... governments get overthrown. And it's only going to get worse... Because here's the important fact you simply must understand about the United States right now: Our government can NOT stop printing money because there is no possible way for us to actually afford our existing debts. No one wants you to know this. No one. That's why, despite the obvious inflation going on all around the world, the Fed continues to say there's no inflation at all. And that's the scary part, to me. Just like in a Third World country, the government is radically devaluing the dollar and simply lying to everyone about what is really happening. Whether you realize it or not, there is already a "run" on the dollar. Many of our creditors, like the Chinese, are getting out of the dollar as fast as they can via strategic commodities, like copper, gold, and oil. That's partly why commodity prices are soaring. Unfortunately, skyrocketing commodity prices are just the beginning. There are other disastrous consequences to the U.S. dollar losing status as the world's currency... For example, as demand for U.S. dollars around the globe decreases, interest rates will skyrocket. Instead of getting a mortgage at today's incredibly low rates of around 3%, it might cost you 8%... or even 10%... or 15%. Imagine what that would do to housing prices! Stock prices could plummet by at least 40% in a matter of weeks. But believe me, it's going to get much, much worse from here. As investment banker and best-selling author James Rickards writes in his new book Currency Wars: "If the currency collapses, everything else goes with it... stocks, bonds, commodities, derivatives and other investments are all priced in a nation's currency. If you destroy the currency, you destroy all markets and the nation." That's the harsh reality we are facing. And it's what no politician will ever tell you. What's happened over the past few years is that investors are finally wising up to the mess that we are in. This is why countries like Germany are taking a vast amount of their gold stored around the world, and bringing it back home. They are worried. And they have every right to be. In the financial world, they refer to this as "capital flight." And what it means is, when people figure out that their savings in U.S. dollars are in jeopardy, they look for better and safer alternatives. And the really scary thing to me is, the U.S. government is trying to make protecting yourself all but impossible, with the new rules that just went into effect on July 1st. I'll get to the specifics in just a minute. This is why gold prices went up for 12 straight years before finally taking a break in 2013. They began skyrocketing at the start of 2014. It's happening because people want to protect their savings. As far as we are aware, no other asset has ever gone up for 12 straight years, in the history of our nation. This is why truly outlandish ideas like Bitcoin and other "cryptocurrencies" are now making the cover of mainstream magazines like Time and Bloomberg BusinessWeek. People are getting truly desperate to protect their savings. But remember, we are not the first to go through this... When Germans realized their currency was being destroyed in the 1920s, they got their money into Swiss francs and gold as quickly as possible. When Argentineans realized their currency was being destroyed in recent years, they did the same—by moving money as quickly and as quietly as possible into a safer currency and into "hard assets" like land and precious metals. And it's the same with the U.S. dollar right now. As it continues to lose its position as the world's reserve currency, it will cause a brutal downturn in our economy, which will be about 10-times worse than the mortgage crisis of 2008. Remember, we bailed ourselves out of the last crisis by simply printing trillions and trillions of new dollars. In a currency crisis, that's not possible. Printing money only makes the situation worse. Again, I'm not the only one saying this... As Barron's reported... "The demand for dollars from the rest of the world has been of inestimable benefit to the U.S. economy. It quite simply allows Americans to consume more than they produce and save less than they invest; in other words, to live beyond our means." And listen to what Sam Zell, one of the richest people in America according to Forbes magazine, said on a rare interview with CNBC. Zell said: "My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. I'm hoping against hope that ain't gonna happen, but you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is." You see, what will also happen as a result of this looming currency crisis, and the end of the U.S. dollar as the world's reserve currency, is a massive inflation in America, the likes of which we have never seen before. When everyone is trying to get rid of their U.S. dollars and our federal government just continues printing more, this crisis will reach epic proportions. Remember, we as Americans are not immune to the basic laws of economics and finance. Over the past 100 years, many other governments have tried to do what our government is doing today... that is, printing money to pay for insurmountable debts. And in the past 100 years, this type of inflation and debt crisis has reared its ugly head in Germany, Russia, Austria, Argentina, Brazil, Chile, Poland, the Ukraine, Japan, and China, just to name a few. Greece is falling apart. Italy, Ireland, Portugal and Spain are all in trouble. And now the same process is well underway in the United States. As Bill Gross, founder, managing director and co-CIO of PIMCO wrote recently: "The future price tag of printing six trillion dollars worth of checks comes in the form of inflation and devaluation of currencies..." And George Melloan of the Wall Street Journal echoed these sentiments when he said: "Indeed, it is unlikely that Americans themselves will escape the inflationary consequences of current Fed policy.... The Fed is financing a vast and rising federal deficit, following a practice that has been a surefire prescription for domestic inflation from time immemorial." It's painfully clear that we have a major, major problem on our hands. Perhaps we could right the ship if we could drastically reduce costs and cut spending. But that's the EXACT OPPOSITE of what our politicians are doing today. But our political leaders are now on a runaway, suicide course. They've come to believe that narrowing the tax base and printing billions and billions of dollars is the formula for prosperity. It has never worked, EVER, in human history, and it will never work now. Like I said, these theories have all been tried in many other places around the world – Zimbabwe, Argentina, Germany after World War I... and they never work. No nation in history ever became wealthier by going deeply into debt and then printing the money required to repay the loans. And despite what nearly all politicians seem to think... and what many pop-culture "economists" appear to believe, I 100% GUARANTEE it will not work here, either. Unfortunately, the success the Fed has enjoyed (so far) in expanding the monetary base and manipulating the Treasury bond market has greatly emboldened our politicians. But when you take a closer look, you realize that everything on the federal and state level is a complete and absolute mess, because our government has been living way beyond its means for so long... Is Your State as Broke as These Places? Did you know that according to the Center on Budget and Policy Priorities, a Washington, D.C.-based think-tank, some 31 states had to close $55 billion in shortfalls for the 2013 fiscal year? As the Center recently reported: "These gaps are all the more daunting because states' options for addressing them are fewer and more difficult than in recent years." And the Federal Reserve Bank of New York recently found that municipal bond defaults are in fact much greater than rating agencies have reported. Standard & Poor's reported 47 defaults between 1986 and 2011, but according to the New York Fed, there were in fact 2,366 -- FIFTY times more. Remember, unlike the federal government, states can't typically run a deficit, so they are taking drastic steps to cut back. For instance... ** A town in Ohio turned off 766 of the town's 5,200 streetlights – which will remain turned off for two years. They hope to save $185,000. ** Philadelphia announced it is closing 37 schools, because the district is "out of time and out of options," according to Superintendent William Hite. ** A 2014 study by Stanford University says the problem is much bigger in many states than people suspect, because states are currently permitted to treat borrowed funds as revenue and ignore the full cost of deferred compensation promises when reporting expenses. Those sorts of actions allow elected officials to report balanced budgets now when they are actually creating debts that must be paid off in the future. The report concluded that: "Without deep-seeded reform... the future health of America's communities and its economy are at great risk of another deterioration." New Jersey Governor Chris Christie, confirmed that state budget problems are going on all over the country... He told 60 Minutes... "It's not like you can avoid it forever, 'cause it's here now. And we all know it's here. And the federal government doesn't have the money to paper over it anymore, either, for the states. The day of reckoning has arrived. That's it. And it's gonna arrive everywhere. Timing will vary a little bit, depending upon which state you're in, but it's comin'. "We spent too much on everything. We spent too much. We spent money we didn't have. We borrowed money just crazily. The credit cards maxed out, and it's over. It's over." That's why Christie and other governors around the country are now introducing bills to slash pension benefits to government employees. As laughable as these steps are, at least they are taking steps in the right direction—making drastic and dramatic changes to save money. And although it's gone almost completely unreported in the mainstream press, six U.S. communities were actually forced to declare bankruptcy in 2010... and there were a slew of new municipal bankruptcies in 2011 as well, including Jefferson County, Alabama, which at the time was the largest municipal bankruptcy in U.S. history. Of course, that was topped in 2012, when three California municipalities declared bankruptcy in a matter of weeks, including the next "largest municipal bankruptcy in U.S. history"... Stockton, a city of 290,000 people east of San Francisco. And then we had the bankruptcy of Detroit in July of last year. Of course, I've been analyzing the problems in the Motor City for many years now. In fact, I wrote back in 2009 that: "there is no way to argue that what the government has done to Detroit is anything but a horrendous crime." I knew Detroit was going bankrupt years before it was announced. Just like I knew other big institutions like GM, Fannie Mae, and Freddie Mac would all go bankrupt too. It's simply a matter of understanding basic math. Just like the U.S. federal government right now, there was no way any of these institutions could hope to meet all of their future obligations. And getting back to the dire state of affairs on the local government level, keep this in mind: Only about half the states in the country (27 in all) allow municipalities to declare bankruptcy. If it were allowed everywhere, I'm sure we'd see twice as many bankruptcies as we're seeing today. But for most places where bankruptcy is not allowed... they just keep kicking the can down the road, rather than address the real problems. In Baltimore, for example, where my firm's offices are headquartered, the city can't legally declare bankruptcy. But that doesn't mean it isn't essentially bankrupt. An independent audit solicited by the mayor recently shows the city will be $2 billion short of the money it needs over the next decade. As one of local news station reported: the "City of Baltimore is on a path to financial ruin." And the truly amazing thing is that the U.S. federal government is in even worse shape than the local governments! The only reason we haven't seen the full brunt of this crisis yet on the federal level is because we've just continued to pile on more and more debt. The states can't print money... but the federal government can (at least for now). And for the moment, this is all that is preventing a currency collapse of unprecedented proportions. ** And this is the important point to remember: What most people don't realize is that the U.S. government can only continue printing dollars... as long as the U.S. dollar remains the world's reserve currency. I can't stress this enough: You need to act now in order to protect your assets, and grow your savings in the next few years. In the next few minutes, I'm going to show you exactly how I'm protecting my own money, and what I recommend you do. But first, let me show you what exactly is going on right now...
4 months ago
Burch Last month, the U.S. became the largest producer of oil and natural gas liquids (NGLs). According to the International Energy Agency (IEA), the U.S. surpassed Saudi Arabia for the top spot. The surge in production is due to the massive amounts of oi Read more ... l and gas being produced in the various U.S. shale plays, thanks to hydraulic fracturing. According to Bank of America, the U.S. is "very likely" to continue to hold that spot through this year. The U.S. produced more than 11 million barrels of oil and NGLs in the first quarter, making it the world's top producer. The IEA says U.S. production will hit 13.1 million barrels a day in 2019 before plateauing. And it believes we'll lose the top spot in 2030. For now, we largely have the oil boom to thank for our economic recovery… "There's a very strong linkage between oil production growth, economic growth, and wage growth across a range of U.S. states," Bank of America's head of commodities research, Francisco Blanch, told Bloomberg. He said annual investment in oil and gas reached a record $200 billion, hitting 20% of the country's total private fixed-structure spending for the first time. This development is nothing new for Stansberry's Investment Advisory subscribers… Porter and his team of research analysts have covered the shale boom for years. They've made subscribers a fortune: 200% on Targa Resources (TRGP), 81% on Energy Transfer Equity (ETE), 57% on Dominion Resources (D), and 37% on Devon Energy (DVN)… to name a few. Porter and his team primarily recommended oil producers, infrastructure firms, and some "picks and shovels" companies to profit from the oil boom. But they also recommended railroad company Union Pacific (UNP). (Shares are up 87% in two-and-a-half years.) Porter's argument was that we're producing so much oil, pipelines have reached capacity. So companies are shipping oil via trucks and rail. In 2010, rail transportation in North Dakota's Bakken Shale was used to ship out 8% of production. That grew to 28% of production in 2012. According to the Association of American Railroads, the amount of oil and other refined petroleum products transported by rail hit 356,000 carloads in the first half of 2013, up 48% over the same period in 2012. Rails are now hauling around 700,000 barrels of oil per day in the U.S. Companies are working to expand pipeline capacity, but it takes a long time. And according to the latest American Association of Railroads numbers, rail demand from the oil industry is still booming. In June, total weekly rail carloads averaged 294,414 – the highest average for June since 2008. And the carload growth in the quarter from March to June was the highest average for any four-month period since December 2010. The number of cars used for "petroleum and petroleum products" was 15,894 in the week ended June 28 – an 18.5% increase from 2013. The oil industry showed the biggest growth of any sector for the time period. Grain was next with a 12.9% increase.
4 months ago
David Richard Maybury and Porter Stansberry are two of THE most important people to pay attention to if you want to keep on top of what's happening in the world of economics, politics & social rest/unrest. … Maybury is more geared for Big Picture & Civil Read more ... ization level understandings. Stansberry is more at the level of day-to-day & year-to-year what's happening in economics & finance. There is a lot of overlap, so I am over-generalizing here, but please check these guys out.
Stansberry Radio Interview Series: What free-market master Richard Maybury is thinking now… | The Cr
fw.to
Welcome back to the Stansberry Radio Interview Series. As you know, every Saturday the Stansberry Radio Network brings you the most valuable ideas from the most intriguing guests from all of our shows. This week Porter Stansberry...
4 months ago
Denise Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth 07.01.2014 BY KELLY BROWN Free market economists are not going to be happy about this... A major financial news source just published shocking details about a r Read more ... esearch report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014
4 months ago
Christy Must Read: Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Wealth 07.01.2014 BY KELLY BROWN Free market economists are not going to be happy about this... A major financial news source just published shocking details about a r Read more ... esearch report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014
4 months ago
Leisa porter stansberry's "financial scarelore" http://www.snopes.com/politics/conspiracy/hr2847.asp
snopes.com: H.R. 2847 - July 1, 2014 the U.S. Dollar Will Officially Collapse
www.snopes.com
Will the U.S. dollar officially collapse after 1 July 2014 due to the implementation of H.R. 2847?
4 months ago
Dale DEMAND A GOLD STANDARD....Zionists around the world will shriek in agony! #bringdowntheillusionofmoney
Ep. 163 Richard Duncan – Get Ready For QE4
www.stansberryradio.com
This week, Richard Duncan, publisher of quarterly video newsletter Macro Watch, joins Stansberry Radio to talk about the future of the global credit nightmare.
4 months ago
Eccentricous Fed Employees Rollout A Bold Idea To Trap The Entire Country’s Free market economists are not going to be happy about this... A major financial news source just published shocking details about a research report by two employees at the Federal Read more ... Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. 07.01.2014 BY KELLY BROWN SEE ALSO: The catastrophic events that just went live on July 1, 2014 http://www.wealthreporter.com/sa/fed-employees-trap-c.html?mvcode=212521
Wealth Reporter - The Golden Truth
www.wealthreporter.com
A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.
4 months ago
Eduardo Vital Info: The One Thing I Got Wrong About the "End of America" http://www.dailywealth.com/2351/end-of-america-one-thing-wrong
Porter Stansberry: One Thing I Got Wrong About the "End of America"
www.dailywealth.com
In many ways, I would argue that my End of America warnings were right... and that this process is currently underway. But there was one way my prediction was wrong...
4 months ago
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Stansberry: Alex Gives A Rousing Pro-Humanity Speech
Alex gives an Inspirational speech at the Stansberry Society conference in Dallas Texas on May 31st. He makes the point that free societies are prosperous so...
4 months ago
Sam MIDNIGHT LAST NIGHT IT TO OK AFFECT! ! 07.01.2014 Free market economists are not going to be happy about this... A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Ban Read more ... k. The 36-page report applauds the use of “capital controls” in global markets. If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy. Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets. If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis: In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end. In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets. In Argentina...citizens must pay an extra tax on vacations abroad. In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period. You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says? Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements... Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis. According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange....That means bad things are in the wind.” SEE ALSO: Is your state as broke as these places? For more than 50 years, Americans have never really thought twice about the value of our currency. But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans. That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact. We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money. But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency. And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble. One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner than most people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2007 he announced GM would go bankrupt and then he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition. WATCH: Learn more from Porter Stansberry, here. Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen... not here... Stansberry believes new laws that just went into effect on July 1st of this year could dramatically accelerate this process. Now a currency crisis will be bad for all Americans. But it will be especially devastating to seniors, most of whom are no longer working, rely on the government for income and healthcare, and have not diversified any money out of the U.S. dollar. What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar? Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. They are also offering to send you a free report explaining the #1 way to legally protect some of your money from the government. Get the facts and protect yourself here. SEE ALSO: The catastrophic events that just went live on July 1, 2014
4 months ago
David Porter Stansberry clipped quote: The Greatest Danger America Has Ever Faced? I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Basically, for many years now, our gov Read more ... ernment has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Again... I say these things as an expert in accounting and financial research. You may not think things are THAT BAD in the U.S. economy, or that our government spending is not "that bad," and I don't want to overwhelm you with numbers, but consider just one simple fact... Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have. Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday. For a point of reference, consider that in just two months, the government borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America. That's absolutely incredible, isn't it? Again, every hour of every single day, we are spending $200 million we don't have. Does that sound sustainable to you? Dear Fellow American, Hello. My name is Porter Stansberry. Fifteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. Today we have more paid subscribers than many of America's most popular newspapers, including Barron's and Investor's Business Daily. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries.Yet, you'll rarely see this fact reported anywhere else.
4 months ago
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