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« Competition Time | Main | Moody’s Downgrade Greek Debt to Caa1 »
Thursday
Jun022011

The End of America

Porter Stansberry 01 June 2011.JPG
Porter Stansberry

The founder and namesake of Stansberry Associates, Porter Stansberry, shocked the audience at the Casey Research Spring Summit with his ‘End of America’ speech. “Our country racked up an enormous amount of debt over the last 40 years – an unprecedented amount of debt. We went from being the world’s largest creditor, to being the world’s largest debtor, to being the world’s largest debtor in history. Those debts were largely private until the fall of 2008, but what happened in 2008 is our politicians made a decision that default would not be the way these debts would be resolved. Instead they’d be resolved through inflation. I call this process ‘The End of America’ because I believe it must lead to the end of the U.S. dollar as the world’s reserve currency. ”

Hear more from his riveting dissertation in the video below.

Please click here.




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Regarding www.skoptionstrading.com. The stats and the charts have been updated and are as follows:.


Our model portfolio is up 338.11% since inception

An annualized return of 128.07%

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81 closed trades, 78 closed at a profit

Average trade open for 46.27days



sk chart 22 May 2011.JPG



The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

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Reader Comments (2)

Stansberry is issuing his dollar calls just at the dollar's bottom. Next week the collapse of the euro is starting, we just completed the retracement after first wave down. Short the euro on sunday, we are going to 1.22-1.24 from here.
And I am glad, I am a techincal guy, if not I would fall for this dollar collapse propaganda too.
I hope (finally and soon) Bob Prechter will collect its due respect for his deflationary calls.

June 3, 2011 | Unregistered CommenterDi

Peter schiff has a a very strong opinion on this:

http://www.youtube.com/watch?v=02xQi-AW9wQ

June 4, 2011 | Unregistered CommenterSilver Prices

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