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Discussion Starter #1
If you have concern it may not be unjustified. Government corruption, fed unaccountability, the list is long.

This is a long video, worth the watch imo. If even partially accurate it is pretty disturbing. I grew up as an optimist. Based on what I see our government has done I've been drifting the other way. When things shift away from the dollar being the world standard, all bets are off.

There is a basic principle of economics I learned in school and from my parents. That is:

You cannot spend more than you take in forever and expect success. Those in government don't get it.


I realize the last 1/4 of this video is a sales pitch to buy his work. At $49.50, which is fully refundable if you don't like it, I think its a good deal. Even if its shit, you are out nothing. Regardless of the end part, the information in the video's first part makes a lot of sense.
 

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Thanks for the post ! That is a very alarming assessment of the current economic peril we find ourselves in.
SO if you subscribed, please be a buddy and let me know what the secret investment he talks about is. I won't tell anyone else :innocent0009:
 

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Discussion Starter #3
I ordered, will see what it is shortly. I figure if nothing of value to me or hype I'll just call for refund.
 

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How can anyone take this alarmist serious when he want to sell you his secrets. Riots in Chino Hills in two years.....HA!
I'll tell you what, I'll bet the Jews in Germany about 1941 wish they'd have heeded the warnings of the few that got out early. The old "that could never happen here" philosophy has played itself out throughout history in just about every catastrophic crisis that ever has affected mankind. Just ignore the signs and ignore history because it never has happened in ones lifetime.

The sales pitch at the end certainly is that, but it was preceded by many compelling facts.

History does repeat and that IS a fact. Generations separated from the event FORGET or IGNORE SIGNS, also a fact. Just look throughout history to see this played out time and again.

Back on Hotboat myself and very few others said there was going to be a large crash in housing prices (because history showed it was overdue), this was around 2006. We about got hung and quartered over that bazaar suggestion, by the majority most of which had purchased at high prices or were involved in sale of property and houses.

I will fall back to my basic principle do defend my position that the shit will hit the fan at some point here. You cannot spend more than you take in forever and expect success. Just like you can't tax or borrow your way out of a recession. You have to earn your way out by actually producing something. Those in government don't get it. I think all but a few just believe each other's horsecrap at this point.
 

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The whole world is a powder keg with a lit fuse right now. The news is full of serious unrest, riots, civil war, economic driven death is everywhere. Even here in peaceful Wisconsin a core labor issue is causing huge demonstrations and national concerns.
I'm afraid this time the entire world is about ready to collapse into chaos.
 

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The more I learn the less optimistic I am. This a horible attitude to have if you want to strive and grow your business. I find myself focusing on the negative instead of looking towards future growth, equipment purchases and expansion. I look at comoditty prices and see massive inflation comming, but at the same time the stock market is at a serious rally and some economic indicators show the economy improving slightly. Every now and then I feel I should just shut the computor and tv off and turn a blind eye to improve my attitude. The world is in fact a powder keg and not so sure that we or the US can do anything about it. For now I am keeping my money and purchases tighter.
 

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I agree with you that you cannot spend more than you take in forever and expect success. I just don't believe that there will be any significant riots. The educated and white collar workers in my town will not display a lashing out in a sudden and intense rash of violence against people or property. Not when it doesn't solve any problems. They will use their brains and their vote first.

And for alternative currency which he talks about sounds like just another form of bartering which has been around for ages. Try paying your bartering taxes to the government with bartering dollars and see how far you get. Also bartering causes inflation because of the wild mark ups and limited spending outlets. Now on a separate note, I have some Itex bartering dollars I would like to spend in your shop. :)devil
 

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Discussion Starter #9
When times get tough (not referring to not having the dough to go boating or buy a new car, am referring to when you cannot buy food, cannot get water, gas, etc) people will go into survival mode which includes turning on their neighbors, stealing and even killing if necessary to survive. White collar, blue collar, purple collar... no money of value is still no money. When wealth and fortunes turn to zero, everyone is then poor. This has played out many times in history in country after country and empire after empire. I'm not suggesting it will happen here to that extent soon, only suggesting that it could, if inflation spirals out of control on an exponential basis. I'm confident I'll be labeled as a paranoid extremist for this, but at least I'll be a somewhat prepared one if it ever does come to pass.

@tbanzer, As a businessperson especially in a field that is discretionary rather than essential product, I have not been optimistic for some time, as I see no real upside in the foreseeable future, certainly no real growth potential. If we have a major world event that plunges our economy into further depression, all bets are off. This event could be triggered by a monetary change as suggested in the video or by current events in the middle east plunging that part of the world into war and chaos.

For a long time in life I was an optimist. However studying history in recent years and examining current events as they correlate to historical ones in similar times, my optimism has faded dramatically. Good times throughout history have more often than not been followed by very bad times and even failing of countries and empires.

On the + side those bartering dollars you speak of would be very welcome right now. :)

As soon as I receive my 50 bucks worth of material from Stansberry I will post up what it consists of and whether I think I got my 50 bucks worth. Regardless of that I think a lot of the points and facts he presents in the first 3/4 of the video are very relevant to current events.
 

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That is one huge info commercial for his newsletters. While he may be on track for inflation I can't look past the guy was fined 1.5 mil for fraud by the SEC, and even the video is misleading. One example is the gas price around the globe. He leaves out the part about the prices being higher outside the US because of taxes that are used for things like "free" healthcare.

I think in these times there is a rise of people that take advantage of others.
 

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Discussion Starter #11
That is one huge info commercial for his newsletters. While he may be on track for inflation I can't look past the guy was fined 1.5 mil for fraud by the SEC, and even the video is misleading. One example is the gas price around the globe. He leaves out the part about the prices being higher outside the US because of taxes that are used for things like "free" healthcare.

I think in these times there is a rise of people that take advantage of others.
BigQ I realize the video is laced with some hype and sales pitch and I know he is a sales person selling investment advice. But that does not make all the info inaccurate, irrelevant or worthless imo. There are a lot of facts presented that are truth. The refundable $50 I invested will soon tell me if the hype portion which will likely focus on purchasing gold and silver is anything more than hype or not.

Regardless of what gold and silver do, a change in the world currency away from the dollar standard will produce some very negative results within the U.S. and every citizen will be affected. Hell the illegal aliens "free shit train" might even derail who knows. I don't think anyone can refute that the world is hedging that direction as a result of the U.S.'s huge debts, overspending by printing money, and borrowing. Sooner or later the dollar is going to go right in the toilet and there will be no bailout when that event occurs.
 

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Discussion Starter #15
Well I get newletter emails daily. Most is pitch to buy investments or "more information". Being I'm not investing its not worth my 50 bucks so I'm going to request the refund. Not saying he's not a good adviser, just that the info doesn't fit my needs. I do still feel there is valuable info in that first video and even in some of the sales pitch stuff I've received since. Probably not much that isn't available elsewhere for free though.

That is my take.

I'm still ultra-concerned about our future with the reluctance for government to reign the spending in. Higher taxes on the rich is nothing more than a political ploy, there is not enough rich if you took 100% of their net worths to make a difference in the problem of the 14 or whatever it is trillion dollar debt or fix what's broke. They need to give the tax increase bullshit a rest and stop spending money by the hundreds of billions.
 

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I'm still ultra-concerned about our future with the reluctance for government to reign the spending in. Higher taxes on the rich is nothing more than a political ploy, there is not enough rich if you took 100% of their net worths to make a difference in the problem of the 14 or whatever it is trillion dollar debt or fix what's broke. They need to give the tax increase bullshit a rest and stop spending money by the hundreds of billions.
It's not the amount of money they are taking (it's never enough) it the people who are left in charge of spending it.
It's like me giving my 18 year old son my Credit cards, checkbook and wallet and trusting him to take care of the household budget. It wouldn't be long before he was asking me for more, more, and still more...
 

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I feel that most of our problems, socially and economically is a direct result of incompetant people in Government. Look at the mess Fannie and Freddy made of our housing market. Our nanny state attitude, which encourages people not to work and better their own lot, our give away of Social Security Benefits to Illegals, ( to numerous to list all the bad use of our wealth). All of Europe is in the same state of decline with out of control social programs.

Just saw the news, fellow Californians, Jerry Brown sent a delegation to Texas to meet with Gov. Perry. It seems that our state leaders need advice and consul, to address California's economic problems. Such questions as why business, people, entrepenors are movng out of California. What a joke! They can't figure it out on their own. Thats our leadership.

Old Tex, I think your laughing at these California clowns.
 

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I feel that most of our problems, socially and economically is a direct result of incompetant people in Government. Look at the mess Fannie and Freddy made of our housing market. Our nanny state attitude, which encourages people not to work and better their own lot, our give away of Social Security Benefits to Illegals, ( to numerous to list all the bad use of our wealth). All of Europe is in the same state of decline with out of control social programs.

Just saw the news, fellow Californians, Jerry Brown sent a delegation to Texas to meet with Gov. Perry. It seems that our state leaders need advice and consul, to address California's economic problems. Such questions as why business, people, entrepenors are movng out of California. What a joke! They can't figure it out on their own. Thats our leadership.
Old Tex, I think your laughing at these California clowns.
Yer kidding, right?? Thats exactly like going to your competition that is kicking your ass in business and ask him what are you doing wrong and needing his advice on how to kick his ass. Jeeeezzzzz H. Christ... Ya can't make up stuff like this.:)sphsshil:)l):ame
 

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