Is Stansberry right about the coming crises in the U.S. or is he just trying to sell something?

28 March 2015 | Mene

[CPT Clay]

best screen name on FR!

[MeneMeneTekelUpharsin]

Not the best, but appropriate for the times in which we are living.

[Stentor]

He’s right—in an insufferable way. The unknown variable is how big is the heap of “greater fools”.

[cashless]

Stansbury is like most investment newsletter writers. They have bold face type to catch your attention. They artificially create scenarios where they and they alone have uncovered a “unique opportunity” in the market that thousands of millionaires or Buffet or Soros only knew about until now. They tell you this information is valued at X dollars but you can get it for 75% off for the first year or forever as a “charter” member. After a minuscule number of their multiple recommendations actually make money, your subscription is over BUT they have this additional service just for “insiders” like you for 4x or 5x your original subscription. If you want to try it and you do not paper trade the newsletter recoomendations for at least 6 months, you are just the kind of gullible dupe their business depends on. The key to making money in the stock market is NOT how much you make but how you manage, reduce and accept risk. In other words, knowing how to be wrong more than you are right and getting out of a position quickly and setting realistic goals for those positions that are performing well. Buy quality and diversify your strategies more than your portfolio is diversified. Remember that CASH is a position and should always be your LARGEST position.
It's all marketing. It's all fluff. It's all bluster. The institutions, the High Frequency Traders, the banks and the Federal Reserve control the stock market. Price is the key for trading stocks and how that price is determined USE to be known as price discovery. That was before Greenspan induced two bubbles (tech in 2000, real estate in 2006) only to see them blow up in his face which is what happens to EVERY bubble. Bernanke doubled down on Greenspan and Yellen was a willing accomplice and now head manipulator.
As long as the Fed rate stays below 3%, savers will continue to see their savings crushed by true price inflation and NOT the artificial garbage numbers put out by the Federal government to make things seems better than they really are. ALL FEDERAL GOVERNMENT HEADLINE NUMBERS ARE MANUFACTURED FOR NEWS CONSUMPTION TO MAKE THE GOVERNMENT LOOK GOOD.
Stansbury knows that and is the spider looking to catch something in his web. No need to reply since I am one of those radical conservative rednecks sting clinging to my God and my guns and plays by the rules. You know. What every other resident in this country call a "Fool" and a "Sucker". Except for marketing hype.

[MeneMeneTekelUpharsin]

No, thank you for the analysis. I KNOW inflation is far more than what they are telling us. I believe a thread should be started showing REAl inflationary values in the economy. My recent eye exam that was $45, suddenly went to $75. That’s REAL inflation.

[wildbill]

bttt

[ataDude]

Sell. Period.

[IDontLikeToPayTaxes]

I don’t know. Never heard of the Mcalvany letter.

[SaveFerris]

Oh my gosh! Is the floor OK?