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Forum Post: Porter Stansberry is about to be proven dead wrong. AGAIN.

Posted 3 years ago on June 27, 2014, 11:07 p.m. EST by StillModestCapitalist (343)
This content is user submitted and not an official statement

Several years ago, world renowned financial guru Porter Stansberry made a prediction that the US dollar would collapse by the end of 2011 primarily because of high government spending. He guaranteed that the US dollar would lose it's place as the world's reserve currency by the end of 2011 or shortly after because of it's imminent collapse.

This prediction made by Porter Stansberry was pure absurdity because of one factor in particular which trumps all other factors related to the US dollar. A factor so incredibly profound that a highschool dropout went on the air (WNIR Akron Ohio) in early 2011 with an absolute guarantee that Porter Stansberry would be proven dead wrong on the issue. In fact, the caller even gave Porter Stansberry an extra full year as a courtesy.

By the end of 2012, Stansberry's prediction was still nothing but an absurd fantasy. Aside from the usual right wing rhetoric spewed daily by virtually all high ranking Republicans and the likes of Rush Limbaugh, Glenn Beck, Sean Hannity, Mark Levin, Andy Dean, Eric Harley, Gary MacNamera, Laura Ingraham, Ann Coulter, all those at Fox news, countless lesser known talk radio hosts all over the country, and their idiot fans, there was no reason to believe that the US dollar would lose anywhere near enough value in the foreseeable future to be in any danger whatsoever of losing it's place as the world's reserve currency. For all of the above, EVERY LAST ONE OF THEM, failed to grasp that one primary factor related to the US dollar. A factor which to this day, remains unchallenged in spite of very high government spending. In spite of our National debt.

Still, in spite of this factor which trumps all others related to the US dollar, Porter Stansberry has gone on record once again, with a guarantee that it is about to lose most of it's value, collapse, and lose it's place as the world's reserve currency. This time, because of a law, or a series of laws, which are scheduled to go into effect on July 1st. Laws which will make it more difficult and less profitable for banks overseas to hide US funds for their filthy rich pig tax evading clients.

Of course, an international investor and trader like Porter Stansberry, a filthy disgusting rich one at that, would object to these new laws scheduled to take effect on the 1st of July. That's a given. But to go on record with a prediction that the US dollar will lose most of it's value, collapse, and lose it's place as the world's reserve currency within a matter of months, because of these new laws, well, once again, because of one factor in particular which trumps all others related to the US dollar, it is utter nonsense. Absolutely nothing but an absurd fantasy.

The factor which trumps all others related to the US dollar is the overall size of the US economy. It is by far and by every relevant measure the largest economy in the world. It has been the largest world economy for many years and it will remain the largest world economy for many years to come. It will remain the largest world economy regardless of which political party is in power. It will remain the largest world economy even after it slips into another severe depression caused by a record high concentration of wealth. That will certainly happen by 2020. Sooner and more severe if we elect a conservative President. Other world economies will lead or follow. But nothing short of a catastrophic natural disaster or an alien invasion will threaten the place of the US dollar as the world's reserve currency.

I'm no financial expert and I never will be. But I do understand enough to guarantee with absolute certainty that Porter Stansberry is about to be proven dead wrong once again.

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[-] 0 points by StillModestCapitalist (343) 3 years ago

D-Day was over two months ago. Once again, Porter Stansberry has been proven dead wrong. I just checked again. Not because it was necessary. It sure as hell wasn't. But because I wanted to state honestly that I did check. The dollar is not collapsing. In fact, it is stronger now than it was on June 31st. So much for Stansberry and the long list of die-hard conservative wacko butt monkeys who tried to convince the world that the US dollar would collapse because of high government spending and new financial regulations that took effect on July 1st. They have all been proven dead wrong. AGAIN.

[-] -1 points by StillModestCapitalist (343) 3 years ago

Today is D-Day. That PIG Porter Stansberry has been trying to convince the world that the new laws going into effect today regarding US funds held overseas are going to cause an IMMEDIATE weakening of the US dollar and it's collapse within a matter of months. A collapse so severe that our US dollar will loose it's place as the world's most commonly held reserve currency.

Here we are. It's D-Day. That stands for Dumfxxx Day. With Porter Stansberry being the Dumfxxx!

Mark my words: There will be no collapse.

[-] -1 points by StillModestCapitalist (343) 3 years ago

Search Results (for die-hard conservative wackos dumb enough to believe Stansberry's CRAP)

snopes.com: H.R. 2847 - July 1, 2014 the U.S. Dollar Will ...
[www.snopes.com](http://www.snopes.com) › Home › Politics › Conspiracy Theories
Snopes.com
Apr 14, 2014 - Will the U.S. dollar officially collapse on 1 July 2014 due to the ... will be living under the imposition of martial law by the federal government, ...
The U.S. dollar will officially collapse on 1 July 2014 due to ...
[www.freerepublic.com](http://www.freerepublic.com)/focus/news/3149277/posts
Free Republic
1 day ago - The U.S. dollar will officially collapse on 1 July 2014 due to the ... will be living under the imposition of martial law by the federal government, ...
HR 2847 – July 1, 2014 the US Dollar Will Officially Collapse
thelastgreatstand.com/.../h-r-2847-july-1-2014-the-u-s-dollar-will-officia...
May 12, 2014 - “H.R. 2847 – July 1, 2014 the U.S. Dollar Will Officially Collapse”. by Voice of ... Obama's new July 1st 2014 law will shock most Americans.
7-1-2014--US DOLLAR COLLAPSE / MARTIAL LAW-HR ...
► 4:47► 4:47
[www.youtube.com](http://www.youtube.com)/watch?v=w-1Z2XLupZo
Apr 13, 2014 - Uploaded by chaddydad1
On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of ...
“H.R. 2847 – July 1, 2014 the U.S. Dollar Will Officially ...
beforeitsnews.com/.../h-r-2847-july-1-2014-the-u-s-dollar-will-officially...
Mar 27, 2014 - On July 1, 2014 the U.S. Dollar Will Officially Collapse; because, on this date, U.S. ... Obama's new July 1st 2014 law will shock most Americans.
“H.R. 2847 – July 1, 2014 the U.S. Dollar Will Officially ...
investmentwatchblog.com/h-r-2847-july-1-2014-the-u-s-dollar-will-offi...
Mar 27, 2014 - Obama's new July 1st 2014 law will shock most Americans ... huge collapse in the U.S. dollar… and a rapid decrease in our standard of living.
Write Down This Date - Stansberry & Associates Investment ...
pro1.stansberryresearch.com/173456/
July 1st, 2014 ... It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. ... Legal Notices: Stansberry & Associates Investment Research LLC (S&A) is a publishing company and the indicators, ...
Hello. My name is Porter Stansberry - Stansberry's ...
pro.stansberryresearch.com/1310PSIEANEW/EPSIQ376/
It will usher in the true collapse of the U.S. dollar, and will make millions of Americans ... I expect we'll see martial law, enforced by the U.S. military. ..... Even more importantly, these new regulations set to take place on July 1st will make it ...
HR 2847 Summary – U.S. Dollar Collapse July 1, 2014 ...
globalcurrencyreset.net › bill 2847 › Home › bill 2847
by Dominick Giammarino - Jun 24, 2014 - H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, ... HR 2847 – The U.S. Dollar Will Officially Collapse July 1, 2014.

All of the above are being proven dead wrong wacko as we type. I just checked. The dollar is stable. and the goons all over the web and talk radio have the nerve to claim over and over that liberals and progressives and centrists are stupid or naive or "low information" voters, ect. Ha! We're not the wackos being proven DEAD WRONG RIGHT THIS MINUTE.