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“The End of America”: Porter Stansberry Sees the Future … And It’s Grim

If you thought the economy was starting to improve, think again. Things are actually going to take a turn for the worse — much worse, says Porter Stansberry, founder of Stansberry & Associates.

In a shocking video entitled “The End of America”, Stansberry paints a very grim picture of the future of the United States. According to Stansberry & Associates, the Web video has been seen by more than 7 million people since its launch late last year.

Stansberry is not predicting the end of days or the collapse of our political union. But he is forecasting the end of America’s global economic dominance, ultimately resulting in rioting and protests across the country.

With trillions of dollars of debt and a Federal Reserve that has engaged in two rounds of quantitative easing (and QE3 potentially on the way), his point is that the financial stability of this country is on shaky ground. “Sooner or later our creditors are going to say ‘enough is enough’,” he tells Aaron in the accompany clip. “We need a reliable currency that can’t be printed.”

The logical solution for Stansberry is to revert to the gold standard since it worked for 4,000 year prior to 1971, when America abandoned the peg. Should gold once again become the world’s reserve standard, its price will likely hit $7500 he says.

So how long do Americans have before the world dumps the dollar?

Well, according to Stansberry, we’re already in the thick of it. “If you go anywhere around the world, most wealthy people have already abandoned the dollar,” he says. “If you look at the commodity complex you can see very clearly that many people around the world have [already] abandoned the dollar as the reserve currency.”

If something is not done to remedy this country’s tremendous debt load and stop the flood of dollars into the market, the rest of the world will eventually drop the dollar completely for hard assets – such food, he says.

Stansberry points out that millions of Americans are already living off of food stamps. Should the price of food rise so dramatically, millions more will go hungry.

Without affordable food, jobs or retirement funds, he predicts Americans will take to the streets in protest, similar to what’s occurred in Egypt, Greece and other nations.

Stansberry really does not want to be the bearer of such bad news, but says Americans need to wake up now, before it’s too late!

Editor’s Note: For Stansberry’s tips on how to protect yourself investments against this potential looming crisis, see part two of our interview later today.

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2 Responses

  1. I am not surprised by any of this. Bailouts we not a smart move. We have way too many programs that are financilly unfeasible. My bigger fear is what lurks even more insidiously. Think about this: bin Laden’s plan was to bankrupt America. Millitary spending is extreme. Hopefully his dream has not come true. In a worst case scenario, would he hit is when we are down?

    • Geezez Matt you cannot be that stupid. Bin Laden is now to blame for the debt crisis. Are you kidding me! Bumped your head recently. We are to blame. Our system is based on greed and corruption and f&%ing over everyone in pursuit of the almighty $. America is what I call a Donkey economy. Spend your whole life chasing the carrot but you never get it. The rich guys laugh their heads off at us. American Dream LOL. It’s more like Americans are Dreaming. We are brainswashed from Kindergarten to believe profit is good irrrespective of how we get it. We start wars to fuel our arms industry and invent terrorists to keep the peoples attention diverted from the real issues. Our Government is royally screwing us. A populist political system that is kinda like Hollywood. Just tell them what they want to hear and you get elected. The problem is what you want to hear aint going to save you. We are heading for a disaster that will make the civil war look like fun. Now lay off watching Fox News. It’s propaganda and bad for the brain. PS Bin Laden died a few years ago. (Before 9/11!)

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