The following information is shared with a tremendous amount of trepidation. It isn’t easy being the messenger of “bad news” (potential misinformation) or of information, which can be construed as merely an intimidating scare tactic. Luckily, this isn’t the first or only source of such information. Basically, the following is a brief synopsis of information pieced together from multiple sources. The information gathered was intriguing enough to compell me to share it with a broader audience. Ultimately, we as individuals must decide whether the information is trustworthy or not; or, perhaps, WHO to trust and who NOT to trust. From that, we can decide whether to act on this information or not.
Just as an aside, to keep things in perspective; consider the following verse of the bible. Granted, not everybody reading this is a believer, but I believe this scriptural reference is still relevant, especially when we take into account the recent Arizona tragedy and the subsequent “finger-pointing” madness that ensued.
“But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without self-control, brutal, not lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God – having a form of godliness but denying its power. Have nothing to do with them.”
2 Timothy; 3:1-5
According to the following source, BrianDeer.com, back in October of 2007, the SEC charged Portery Stansberry (now known as Stansberry and Associates Investment Research) with an investment scam in which Stansberry reportedly “lured” investors by claiming that they had proof that stocks in AidsVaxWorks would soar, only to see it collapse shortly thereafter.
After all was said and done, U. S. District Judge, Marvin J. Garbis ruled as follows:
“Judgment in favor of the Securities Exchange Commission and against Maryland-based Pirate Investor LLC, now called Stansberry & Associates Investment Research, LLC, and Frank Porter Stansberry was issued at the U. S. District Court for the District of Maryland on August 1, 2007 – 28 months after the completion of a bench trial. The penalty comprises disgorgement of $1.3 million in profits and interest from the fraudulent activity, for which Pirate Investor and Stansberry are jointly and severally liable, plus a fine of $120,000 against each defendant.”
Fastforward now to 2010. Stansberry and Associates Investement Research has put together the following website, endofamerica12.com, which lays out a very compelling case, explaining in great detail the reasons why it thinks America’s collapse is not only a certainty, but an imminent one as well – within the next 12 months, they say.
The report, essentially, goes on to highlight the certain demise of the American dollar, hastened by the continual printing and subsequent devaluation of the dollar. Coupled with that, is the notion that a group of foreign nations (mentioned by name in the report) have conspired to rid themselves of the dollar, choosing to use instead an alternative “world reserve currency” – while meeting secretly in 2010, excluding any U. S. involvement in that meeting.
Again, the information presented in this report is very, very convincing, but it is worth noting that this investment research company has had its legal issues in the past. So, do we take them seriously or do we simply brush the information off as propoganda intended to, once again, stir up investors and the general public into a frenzy?
Worth noting, is that the judge in the investment fraud case described above, entered an injunction, “prohibiting Stansberry and Pirate Investor from committing further securities fraud” because the court found “that there is ample evidence…that Defendants will violate securities laws in the future.”
In other words, there were rules put in place, to keep this company from committing the same/similar securities fraud in the future.
Well, here we are 3 years after the fact. Again, Stansberry and Associates is throwing itself out there, making very bold and controversial claims regarding the financial status of our country. So, is this investment research company up to no good again? Is it simply using scare tactics to lure investors, AGAIN, or are they accurate in what they describe in their report?
Also worth noting, is the company’s BBB (Better Business Bureau) rating, which can be read in the following link, BBB Reliability Report for Stansberry and Associates Investment Research.
According to this report, the company has been awarded a B- rating, on a scale of A+ to F. The two factors which were attributed for lowering the company’s rating to B- were: (1) – There were 10 complaints filed against the company (by the way, all of them resolved by now), and (2) – BBB does not have a clear understanding of this business.
The factors most responsible for raising the company’s rating were as follows: (1) Length of time business has been operating; (2) Response to 10 complaints filed against company; (3) Resolution of complaints filed against business; and (4) BBB has sufficient background information on this company
So, we must again go back to asking the crucial questions: Is this company reliable or not? How seriously can we take their claims highlighted on EndofAmerica12.com? Are they AGAIN conspiring to lure investors through scare tactics or are they simply the target of an entity which does NOT want Stansberry and Associates to release this information to the public? Unfortunately, the answers to these and other questions may not be available to us at this time, but the information is, nevertheless, intriguing enough to share with others. I suppose the coming months will reveal whether the company’s bold claims were on target or not. If the claims turn out to be true, are you prepared to deal with the economic catastrophe described? Are you financially protected? Does it even matter to you?
Paul’s charge to Timothy:
“Command those who are rich in this present world not to be arrogant nor put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasures for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.”
1 Timothy 6:17-19