Intro to Stansberry’s ‘The End of Barack Obama?’
Intro by John R. Houk
Intro © October 19, 2013
Below is one of those Porter Stansberry ads that begins as a video and after you decide too much of your time has gone by you attempt to exit the webpage. Before exiting a pop-up comes asking you if you desire to “stay” on the page or “leave”. If you click stay you are actually transferred away from the one hour and a half video page to the information below.
Stansberry is selling a product. The product is (I believe – I am admitting I did not read to the end) is a subscription to some financial information that is supposed to enable you to make decent decisions on protecting yourself financially for an American and/or global economic collapse.
The ad is quite convincing on the immediate future collapse. Briefly Stansberry writes about the American Dollar losing its status as the international standard for reserve currency because of the Quantitative Easing (QE) policy of the Federal Reserve (i.e. printing money to pay government debts). Stansberry uses history and the current Communist Chinese lobbying to revoke the U.S. Dollar reserve standard as reasons to invest in Commodities such as precious metals (gold, silver, etc.), oil products and so on.
Stansberry is painting a doom and gloom picture of the economy then going for the close to convince you to subscribe to his financial information. I am not promoting Stansberry’s product; however the journey to get to his sale closing is something I have read in bits and pieces from others. You will be interested in his outlook of a coming collapse of the U.S. and global economies and why it is happening.
The Left Wing Dems prevented Republican attempts to reform Fannie and Freddy on housing loans to people who could not keep their payments up. The result was bad paper loans turned into a banking loaning disaster that became the first domino to fall starting an economic banking disaster that went beyond the housing industry by affecting the financial stability of banks and Corporations which in turned affected jobs which in turned screwed the American economy more. Until this very day President Barack Hussein Obama tries to lay all the blame for this on President GW Bush; however since the Leftist agenda with Fannie and Freddie was the first domino that is just a typical Dem lie.
Greece is going through an election on Sunday. If the Leftists win the election Greek policies supporting extreme entitlements could result in Greece withdrawing from the Eurozone. Such an action could send an economic ripple throughout the EU possibly causing the collapse of the Euro. A Euro collapse could have the same global effect if the Dollar collapses. Again Leftist policies might cause a global economic collapse.
Charles Hawley of Spiegel Online International writes of the economic dangers if the Greek electorate votes Left.