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Thursday, March 10, 2011

End of America15

The video of End of America is going around again and being promoted by Solutions From Science and also Alex Jones of Prison Planet dot com as well as Dick Morris. Porter Stansberry is the guy who narrates the video and at the end (I know because I've listened to it) he tries to lure you into subscribing to his financial newsletter. While he does use true factual information about the Federal Reserve and what they are doing to this country's economy he still goes through the whole presentation without one free bit of advice or education. Well, if you decided not to send money to get a one year subscription then you would be among the wiser people walking around today. He was convicted of defrauding his subscribers back in 2007. Read for your own knowledge here: http://wiki.answers.com/Q/Who_is_Porter_Stansberry
(Google sometimes is your friend)

It seems that is the new craze right now, to sell financial information for a subscription price. We can all see what is happening to the economy by watching the Federal Reserve (not a true division of the Federal Government according to their own website information). The Federal Reserve continues to pump more money out into circulation which in turn cheapens the money we already have because now there is too much of it in circulation. When cash money begins loosing value to the people we trade with then we must look for a new type of currency the rest of the world acknowledges; enter gold and silver. Food could also work for this or ammunition or anything else you might have that is valuable to the person you want to trade with. If a person has coconuts and you have violin strings and both will trade fairly for what each other has you have just created a currency between each other. If more people will trade their coconuts for your violin strings then you have a standard of currency going for you. Gold and silver is acknowledged around the world and is held in great value by many people. Today unless you can afford 1,400.00 an ounce to buy gold (resist credit card purchases) silver is the better option for most of blue collar America. At an average of $34.00 an ounce it is more available, more affordable and can be traded in smaller denominations such as dimes (tenth of an ounce) or quarters (1/4 of an ounce) half dollars (half an ounce) and the silver dollar made before 1963 (one full ounce) unless something is marked as one Troy ounce.

Ten percent of the value of your total assets (money cds, IRA's , 401Ks, bank accounts, money under the bed can be made up of gold and silver. More than that is not advisable but can be done if that is what you choose. Cash is still king and is what gold and silver sellers want in exchange for their gold and silver because it is still considered the standard currency for America and many places around the world. Even though the value is going down on the dollar most states in America are not set up to trade in gold or silver coin on a statewide scale, individually maybe but not inside local big box retail stores. Food is good, beer is good, ammunition is good, coffee is good for barter purposes. When things can be traded such as food for services rendered (you fix my toilet and I'll make you pies for a week) whatever can work for your situation. An ounce or two of gold is good but a majority of silver is the best going choice right now.

Mr. Stansberry is a proven crook who is out doing the same thing that got him into trouble to begin with, no one is owner of a crystal ball and there are no Jeanies who tell the future.

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