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How credible is Stansberry's video “End of America”?
If we postulate that there is at least some element of truth to the phrase 'A leopard does not change his spots'  and then consider this tidbit He conveniently forgets to mention his 1.5 million dollar fraud fine   from the SEC over investment “advice” he sold through a news letter.   The SEC claimed and the judge agreed that the report was “replete with   lies”. I think that gives you just about all you might need to know regarding the man behind the video, and the nature of it's content.  Oh, and it's purpose?  To SELL YOU the same said newsletter. I guess it's natural for Stansberry to feel as he does. After all if the US gov had just busted me for conning and lying to folks, and fined ME 1.5Mill, I'd be having some pretty intense lurid fantasies about it going down in flames, and trying to hide any money I had left offshore also.   A huge amount of his argument hinges on the US no longer being the world's reserve currency.  Firstly, while I'll admit I'm none too happy with the way the national debt has been managed for oh, around 30 years how, (which includes I will note going from a pretty much balanced budget, to around an 80% increase in the debt from 2001 through 2008, when 'times were good' and there was little need to spend money we didn't have), when compared to a lot of other countries, we still don't look that bad.  You have to ask yourself this first, if not the US, then WHO?  are the governments of the world going to trust China? could the Yen handle the load?  Is the Euro any better off especially considering problems in Greece, Ireland, etc.  Do countries like Switzerland have enough liquidity and available ways to invest there?  In order for the US to STOP being the world's reserve currency, you must have something to replace it with, and really, can we realistically think of one country/currency with the capability to become a new 'world reserve currency'???  Secondly, even then should such a shift actually happen, it doesn't mean people will ALL just magically stop buying US debt.  Yes the demand would go down, but it would not go to zero.  There are after all a worldfull of other countries who's money is right now NOT the world reserve currency, and yet they are able to sell bonds and people and even other countries invest there. (China for example does not invest exclusively in the US), so yeah we might have to start paying more interest to get people to buy US debt, but it's not like the demand will go away.   Save your money, save your time, don't buy into this dung.