Gabriel_Bell
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That would be PORTER STANSBERRY. Remember when he predicted the US dollar would collapse?
Write Down This Date:July 1st, 2014
On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare ...
Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC.
This latest panic piece
is offered in a Stansberry & Associates presentation featuring a number of scary-sounding statements about how we in the U.S. are soon to experience a "near-complete shutdown of the American economy," will see "the savings of millions wiped out," will be living under the imposition of martial law by the federal government, and will be struggling in the aftermath of a number of other apocalyptic financial scenarios.
And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future).
But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. Or, as one wry commentator put it:
Every stansberryreearch link I've ever know has eventually led me to one of those endless, non-navigable videos that tells me the world is about to collapse and to keep watching because after maybe an hour or three the video is going to eventually reveal a tidbit of information that is going to keep me from collapsing along with the rest of the world. After about a half hour I will inevitably determine myself to not have the time or interest to watch long enough to reach the carrot at the end of their schtick.
In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business.
So what is this all really about?
H.R. 2847, also known as the Hiring Incentives to Restore Employment Act (or HIRE), was a Congressional bill passed into law in March 2010 that sought to provide payroll tax breaks and incentives for businesses to hire unemployed workers. A section of that bill, the Foreign Account Tax Compliance Act (known as FATCA), sought to eliminate the non-compliance of U.S. taxpayers who hold foreign accounts by requiring those taxpayers (including those living outside the U.S.) to report certain foreign accounts and offshore assets to the government, and by requiring foreign financial institutions to report information about the ownership of overseas assets held by U.S. taxpayers to the government:
The full implementation of FATCA may, as some critics have maintained, ultimately prove more harmful to U.S. business interests and U.S. citizens living and working abroad than its benefits will merit. But no credible source that isn't an investment firm trying to scare potential customers into forking over money for a newsletter subscription is seriously maintaining that a law passed five years ago will collapse the entire U.S. economic system, destroy the American way of life, and lead to the imposition of martial law.
Last updated: 23 March 2015
Well, the dollar did not collapse, but Porter Stansberry is still posting BS in hopes you will subscribe to one of his many bogus financial "services".
Write Down This Date:July 1st, 2014
On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare ...
Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC.
This latest panic piece
is offered in a Stansberry & Associates presentation featuring a number of scary-sounding statements about how we in the U.S. are soon to experience a "near-complete shutdown of the American economy," will see "the savings of millions wiped out," will be living under the imposition of martial law by the federal government, and will be struggling in the aftermath of a number of other apocalyptic financial scenarios.
And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future).
But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. Or, as one wry commentator put it:
Every stansberryreearch link I've ever know has eventually led me to one of those endless, non-navigable videos that tells me the world is about to collapse and to keep watching because after maybe an hour or three the video is going to eventually reveal a tidbit of information that is going to keep me from collapsing along with the rest of the world. After about a half hour I will inevitably determine myself to not have the time or interest to watch long enough to reach the carrot at the end of their schtick.
In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business.
So what is this all really about?
H.R. 2847, also known as the Hiring Incentives to Restore Employment Act (or HIRE), was a Congressional bill passed into law in March 2010 that sought to provide payroll tax breaks and incentives for businesses to hire unemployed workers. A section of that bill, the Foreign Account Tax Compliance Act (known as FATCA), sought to eliminate the non-compliance of U.S. taxpayers who hold foreign accounts by requiring those taxpayers (including those living outside the U.S.) to report certain foreign accounts and offshore assets to the government, and by requiring foreign financial institutions to report information about the ownership of overseas assets held by U.S. taxpayers to the government:
The full implementation of FATCA may, as some critics have maintained, ultimately prove more harmful to U.S. business interests and U.S. citizens living and working abroad than its benefits will merit. But no credible source that isn't an investment firm trying to scare potential customers into forking over money for a newsletter subscription is seriously maintaining that a law passed five years ago will collapse the entire U.S. economic system, destroy the American way of life, and lead to the imposition of martial law.
Last updated: 23 March 2015
Well, the dollar did not collapse, but Porter Stansberry is still posting BS in hopes you will subscribe to one of his many bogus financial "services".
