U.S. Dollar Losing Status As The World's Currency, Economic Doom For America.(1) — Foreign Affairs — Nairaland

The End of Barack Obama?

A wealthy Maryland journalist (who’s neither a Democrat or Republican) has exposed a scandal brewing within the current Administration.

He says it could ruin Obama’s entire Presidency. and would also result in some of the most dramatic changes to ordinary American life in more than 50 years.

Dear Fellow American,

Hello. My name is Porter Stansberry.

Fourteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries.

You may know of our firm because of the work we did over the last several years – helping investors avoid the big disasters associated with Wall Street’s collapse.

We warned people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, General Motors and dozens of other companies that have since collapsed.

We even helped our subscribers find opportunities to profit from these moves by shorting stocks and buying put options. To my knowledge, no other research firm in the world can match our record of correctly predicting the catastrophe that occurred in 2008, and the rebound that has occurred since then.

The video presentation we created three years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell.

But that’s not why I created this follow-up presentation.

I reference our success and experience with Wall Street’s latest crisis because we believe there is an even bigger crisis lurking –something that will shake the very foundation of America.

I know that to most people, the situation seems to be getting better. Stocks have recovered nearly all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here’s the thing:

The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were five years ago.

And that is why I’ve spent a significant amount of time and money in the past few months preparing this presentation.

In short, I want to talk about a specific event that will take place in America’s very near future. which could actually bring our country and our way of life to a grinding halt.

This looming crisis is related to the financial crisis of 2008. but it is infinitely more dangerous, as I’ll explain in this letter.

As this problem comes to a head, I expect there will be a near-complete shut-down of the American economy. Life as we have known it for more than 40 years will essentially cease to exist. Our governments on both the Federal and State level will shut down. Banks will not open. Businesses will at least temporarily shutter their doors. I expect we’ll see martial law, enforced by the U.S. military.

Believe me, I don’t make this prediction lightly and I have no interest in trying to scare you.

I’m simply following my research to its logical conclusion.

I did the same when I tracked Fannie Mae and Freddie Mac’s accounting. Also with General Motors, Lehman Brothers and the rest. And when I began giving this warning in 2006 no one took me very seriously. not at first. Back then, most mainstream commentators just ignored me.

And when I presented my case and exposed the facts at economic conferences, they got angry. They couldn’t refute my research. but they weren’t ready to accept the enormity of its conclusions either.

That’s why, before I go any further, I have to warn you.

What I am going to say is controversial. It will offend many people. Democrats, Republicans, and Tea Partiers, alike. In fact, I’ve already received dozens of pieces of hate mail.

And. the ideas and solutions I’m going to present might seem somewhat radical to you at first. perhaps even un-American.

My guess is that, as you read this letter. you’ll say: There’s no way this could really happen. not here.

But just remember:

No one believed me four years ago when I said the world’s largest mortgage bankers — Fannie Mae and Freddie Mac — would soon go bankrupt.

And no one believed me when I said GM would soon be bankrupt as well. or that the same would happen to General Growth Properties (the biggest owner of mall property in America).

But again, that’s exactly what happened.

No one believed me in 2011 when I said the crisis would cause riots in the streets. Then came the protests in Wisconsin, and the Occupy Wall Street movement all over the country.

And that brings us to today.

The same financial problems I’ve been tracking from bank to bank and from company to company for the last six years have now found their way into the U.S. Treasury. I’ll explain how this came to be. What it means is critically important to you and every American.

The next phase in this crisis will threaten our very way of life.

The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement.

It will change everything about your normal way of life: where you vacation. where you send your kids or grandkids to school. how and where you shop. the way you protect your family and home.

I’ll explain how I know these events are about to happen. You can decide for yourself if I’m full of hot air.

As for me, I’m more certain about this looming crisis than I’ve been about anything else in my life.

I am literally afraid for my family’s future, and I have taken drastic steps to prepare for what I know must inevitably happen next.

I know that debts don’t just disappear. I know that bailouts have big consequences. And, unlike most of the pundits on TV, I know a lot about finance and accounting.

And this is all coming to a head much, much sooner than most Americans think.

Of course, the most important part of this situation is not what is happening. but rather what you can do about it.

In other words. Will you be prepared when the biggest financial crisis in America in more than 50 years, hits?

Don’t worry, I’m not organizing a rally or demonstration. And I’ve turned down every request to run for political office.

Instead, I want to show you exactly what I’m doing personally, to protect my family, and to protect and perhaps even grow my money, and how you can prepare as well.

You see, I can tell you with near 100% certainty that most Americans will not know what to do when commodity prices – things like milk, bread and gasoline – soar. They won’t know what to do when banks close. and their credit cards stop working. Or when they’re not allowed to buy gold or foreign currencies. Or when food stamps fail. or their Social Security checks come to a halt.

In short, our way of life in America is about to change – I promise you. In this letter I’ll show you exactly what is happening, and why it is inevitable.

Again, you can challenge every single one of my facts and you’ll find that I’m right about each allegation I make.

Then, I hope you’ll take action for yourself.

Will you act now to protect yourself and your family from the catastrophe that’s brewing right now in Washington D.C.?

I hope so. And that’s why I wrote this letter.

I’m going to walk you through exactly what I am doing personally, and what you can do as well. I can’t promise you’ll emerge from this crisis completely unharmed – but I guarantee you’ll be a lot better off than people who don’t follow these simple steps.

But I’m getting ahead of myself just a bit.

Let me back up and show you in the simplest terms possible what is going on, why I am so concerned, and what I believe will happen in the next 12 months.

to be continue. watch out for part 2