Type in endofamerica22.com in your browser and click “go”. If you haven’t taken an hour yet to watch this video you may find it of interest. If you don’t have an hour, take a few minutes to read a synopsis below (because I let myself sit in front of my computer for an hour listening to his pitch). Check out this dude’s investment website: http://www.stansberryresearch.com/
Sit back, do something different and listen to this explanation. It explains the impending crisis that is resulting from our national debt. Be skeptical though. He seems to do alot of fearmongering, but he’s good at it.
According to this producer the only reason we haven’t seen the full brunt of this crisis is because we keep printing dollars . . . . . and amazingly people keep using them.
The only reason we haven’t seen this yet, is because the world is still using the U.S. dollar as the reserve currency. When we purchase oil countries use “U.S. dollars.” It’s interesting to hear of China reducing their dollar holdings. Apparently, China peaked in their U.S. dollar holdings in 2009 and have been having meetings with other nations periodically to discuss transitioning to a “basket of currencies” to use as a new reserve currency.
It’s no secret that states such as California, New Jersey and even Arizona are facing bankruptcy. 42 million people (roughly 13%) in the United States are on food stamps. The average American family has a credit card balance of $8k. The author of this talk discusses startling parallels to other nations such as Yugoslavia, Greece and Iceland. There’s also a narative of what happened in Great Britain during the 1970s when the world left the Brittish Sterling as the nation’s “reserve currency” at the time.
The author talks about the “normalcy bias” and how people don’t change because they believe that things can’t change. Apparently, many of the Jews in Nazi Germany fell into this. Others who fell into this “normalcy bias” include many who were living during Hurricane Katrina.
If only part of what he’s saying is true, we need to prepare our families individually for the crisis to come.
Recommendations of the author:
– Get some of your money beyond the reach of the United States Government (and out of U.S. dollars).
– Buy as much gold and silver you can reasonably afford. He predicst gold reaching $5k-$6k an ounce in the next couple of years. There’s an interesting talk on the 16 to 1 “silver ratio”.
– Learn the “100% secret” (I’m skeptical of this idea / very vague).
– Own some “asset” that is supposedly really, really valuable and guarantees great returns . . . . this is very skeptical and leads me to think he could be a quack.