Tips to Protect Yourself From a Worthless Dollar: Porter Stansberry

Stansberry does not recommend putting gold in storage units. Putting it in offshore gold storage facilities where it is insured and protected is what he is talking about.

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That clown should be impeach he is trying to give everything to the Muslims he does not care about the USA He had Acorn lying about all the signatures to get what he got IMPEACH NOW!!!!!!

Can President Obama be impeached? He is adding immeasurably to this problem.

I watched his video and it scared me because I have a daughter that is a type one diabetic and the fear of not being able to get her medicine made lose 2 nights sleep....but then I remembered that My father shall supply all our needs according to his riches in glory...and my father owns the cattle of a thousand hills....so I decided he can and will take care of us....so now I will go to sleep and have no fear!!!!

you can't eat gold...

To those that think that we can increase taxes and reduce spending and all will be ok - look again.

The Fed gov't runs about $1.5T deficit. If they could (they can't, but say they could) increase taxes and reduce spending enough to reduce this to zero, they would be efectively taking 10% out of the economy ($14T GDP). And we won't buckle under that load? Now, just consider the total Gov't budget, including the States and localities, as compared to GDP.n And remember that all that Gov't produces absolutely nothing (except education, and they are very inefficient at that). Government is far being just "too big". 80 years of unrestrained feeding at the debt trough has made Gov't into a bloated monster that dominates the United States.

The Consitution was based on small limited Gov't. The founding fathers warned us about ALL of this, including fiat currency and central banks. We let the foxes guard the henhouse, gave the criminals the keys to the vault. The time to pay the piper is fast approaching.

You have to be nuts to ignore the realities. I am not convinced that there will be riots in the streets, but the possibility does exist. The facts are that the money supply has been expanded dramatically recently. The fact is that the US has sold its industrial base for pennies on the dollar, and thus we do not have the means to protect the value of the dollar in the world market. In this sense, we are far worse off than we were in the 1930s.

The Fed's fear of deflation relates not to the well being of the citizenry, but rather to the well being of the financial community. Their exposure remains in mortgages, and as the housing bubble deflates, they are in deep trouble. As usual, the Fed is not your friend, they are the banking industry' friend.... they are, after all, a private bank that is the leader of the worldwide financial community. Too bad for them that all the QE can't trump high unemployment when it comes to stemming the drop in housing prices or rising levels of foreclosure.

Of course there's inflation. Inflation is not rising prices. Inflation is EXPANSION OF THE MONEY SUPPLY. Who can possibly deny that M2 has grown dramatically? Rising prices are a symptom of inflation of the money supply, and there's a time lag between the two.. But we're already seing rising prices. In every category that matters. Food, energy, commodities (not just the majors like gold and silver, but also base metals used industry) are all up. The CPI is a joke as a measure. Fact is, the rise in the stock market is certainly not do to the tremendous strength of American industry. Industry is stagnant. Unemployment remains high, much higher than distorted gov't figures. Rising stock prices represent the effect of a devalued dollar, and little else.

The reason you aren't seeing dramatic price increases is that banking is hording the money, not releasing it to the economy. Why are they doing this? First of all, their only means of getting money out is through the extension of credit. But industry isn't growing, they are reluctant to borrow. In fact, corporate cash levels are extremely high, which says they are reluctant to spend let alone borrow. That's why money hasn't flowed to the general economy. We should all be very worried that we are seeing the price rises we're seeing despite the tight money in the general economy. That's the whole problem with idiot Keynesian theory. Manipulating currency doesn't create wealth, it just changes the valuation of currency and in so doing transfers real wealth. This is why we have seen a growing gap between the wealthy and everyone else in the world.

As for the US economy, common sense says that you have to produce at least as much as you consume. Imagine an unemployed person living off credit cards, juggling the debt by using one line of credit to service another. That's the US govt, and that's the US economy. There is likely 15-20% real unemployment. Gov't, who prodices nothing, is by ar the largest industry" in the country. GDP is 70% consumption. QE is monetizing the debt, which is a terribly serious situation that should have everyone scared to death.,

To those that insist that all's fine.... you're delusional... but God help your innocent families.

we're broke...it's that simple. debt will be repudiated and taxes will rocket...our standard of living has already been in a freefall for 25 years, and that will continue. build communites with like-minded individuals to survive...

No one can be right all the time. I explain in the followed buried comment that inflation in food and oil does not result from easing. Easung puts more money in circulation but this is how it works. People spend the additional money causing demand that cannot be supplied. When demand cannot be supplied there is competition for the existing limited supply and this causes prices to increase. People are not buying more food or oil here. Food prices in the US are not the result of limited supply and increasing demand. 90% of to cost of food at the store is added arbitrarily after it leaves the farm. This is why prices tend to be identical in all stores. 58 cents a pound for bananas. It doesn't cost a cent to grow a pound of bananas. Oil does result from global demand but we are only one of many consumers. Yes the dollar was devalued 11% and this has caused oil to be 11% higher for us. The rest results from supply and demand, and possibly speculation. But this has nothing to do with more money being available because of the QEs. We are not buying more oil.
I explain in the buried comment how the 11 % devaluation happened. If you believe we have more inflation than the CPIplease tell us how much and what you think is causing it. Surely you don't think we have more than 4%-the historical norm.
"The dollar is undervalued. It was devalued 11% on foreign exchanges because of QE1 and the CPI fell to 0%. The dollar did not lose purchasing power. There was no inflation. Food prices result from price fixing. Oil from global demand. The QEs will not cause future inflation. Most are in bank reserves. To cause inflation this money would have to cause so much demand that it could not be supplied. If you can think of such a scenario, please advise. Easing has had an impact on the earnings of banks but very minimally otherwise. The dollar is sound and our markets are based on earnings with low forward P/Es. Much lower than in Oct 07 when the DOW was 14000. Global growth is much higher now and the dollar much cheaper. The world is coming to understand these obvious truths. Emerging markets have flopped this year; ours are a house on fire. I don't believe in India. I believe in Warren Buffett. With half the world. I predict a DOW of 14000 by May."
If you think I don't know what I'm talking about, please remember my prediction. Hennesy on TT called 13000 by 2012. I call it by April 1. 14000 may take till the end of May.