Porter Stansberry
Encyclopedia
Frank Porter Stansberry, is an American
conservative subscription-based investment advisor
and the creator of the 2011 online video and infomercial
entitled "End of America" (77 min). Commercials advertising Stansberry's "End of America" video and website (with narration by radio host Alex Jones) have been featured on an array of U.S. media outlets.
's internet financial newsletter Porter Stansberry's Investment Advisory, and the weekly trading service, Porter Stansberry's Put Strategy Report.
In 2007, he and his investment firm, then called "Pirate Investor," now known as "Stansberry & Associates," were ordered by a US District Court to pay $1.5 million in restitution and civil penalties, the court stating "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false."
entitled "End of America", paints a very grim picture of the financial future of the United States. The 77 minute video forecasts the end of America's global economic dominance, which Stansberry predicts will ultimately result in rioting and protests across the country.
, Stansberry predicted that Europe's debt crisis will only intensify in the coming year, with Italy's Unicredit
being "the next big domino to fall." Stansberry predicts that once Unicredit falls, Germany will not bail them out, and that in fact Germany will leave the European Union
within the next twelve months (by August 2012). Additionally, Stansberry predicts that the U.S. Dollar will lose its reserve status
and the U.S Treasury "bubble" will burst. As a result of these oncoming financial calamities, Stansberry recommends that investors convert their assets to 50% gold and 50% cash, if they are not willing (or able) to actively short stocks.
. He estimates national debt at 56 trillion dollars, and accuses Obama of exacerbating the situation with reckless spending. He predicts financial ruin for America and states that at that point even Obama's proponents will reconsider their past support.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
conservative subscription-based investment advisor
Investment Advisor
The term Investment Advisor is an individual or firm who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities...
and the creator of the 2011 online video and infomercial
Infomercial
Infomercials are direct response television commercials which generally include a phone number or website. There are long-form infomercials, which are typically between 15 and 30 minutes in length, and short-form infomercials, which are typically 30 seconds to 120 seconds in length. Infomercials...
entitled "End of America" (77 min). Commercials advertising Stansberry's "End of America" video and website (with narration by radio host Alex Jones) have been featured on an array of U.S. media outlets.
Career
In 1999 he founded Stansberry & Associates Investment Research, a private publishing company based in Baltimore, Maryland. He is currently the editor of Agora Inc.Agora Inc.
Agora Inc. is a Maryland corporation based in Baltimore, which as of 2003, publishes books, magazines, newsletters and operates at least fifteen financial web sites in the United States and Europe...
's internet financial newsletter Porter Stansberry's Investment Advisory, and the weekly trading service, Porter Stansberry's Put Strategy Report.
In 2007, he and his investment firm, then called "Pirate Investor," now known as "Stansberry & Associates," were ordered by a US District Court to pay $1.5 million in restitution and civil penalties, the court stating "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false."
United States
Stansberry's 2011 online video and infomercialInfomercial
Infomercials are direct response television commercials which generally include a phone number or website. There are long-form infomercials, which are typically between 15 and 30 minutes in length, and short-form infomercials, which are typically 30 seconds to 120 seconds in length. Infomercials...
entitled "End of America", paints a very grim picture of the financial future of the United States. The 77 minute video forecasts the end of America's global economic dominance, which Stansberry predicts will ultimately result in rioting and protests across the country.
Europe
In an August 2011 online debate with James AltucherJames Altucher
James Altucher is a hedge fund manager, author and a prominent blogger.He holds a BS in computer science from Cornell University. He did not complete his master's degree in the same subject from Carnegie Mellon University . Altucher is the founder of StockPickr, which was sold to TheStreet.com in...
, Stansberry predicted that Europe's debt crisis will only intensify in the coming year, with Italy's Unicredit
UniCredit
UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...
being "the next big domino to fall." Stansberry predicts that once Unicredit falls, Germany will not bail them out, and that in fact Germany will leave the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
within the next twelve months (by August 2012). Additionally, Stansberry predicts that the U.S. Dollar will lose its reserve status
Reserve currency
A reserve currency, or anchor currency, is a currency that is held in significant quantities by many governments and institutions as part of their foreign exchange reserves...
and the U.S Treasury "bubble" will burst. As a result of these oncoming financial calamities, Stansberry recommends that investors convert their assets to 50% gold and 50% cash, if they are not willing (or able) to actively short stocks.
Views on the Obama administration
Stansberry is critical of the performance of President Barack ObamaBarack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
. He estimates national debt at 56 trillion dollars, and accuses Obama of exacerbating the situation with reckless spending. He predicts financial ruin for America and states that at that point even Obama's proponents will reconsider their past support.
External links
- "End of America" — full online video by Stansberry Associates (77 min)
- Alex Jones interviews Porter Stansberry — Part 1 - 2 - 3 - 4 - 5
Editorials by Stansberry
- The Greatest Economic Disaster in Recorded History by Porter Stansberry, Townhall.comTownhall.comTownhall.com is a web-based publication primarily dedicated to conservative United States politics. It was previously operated by the Heritage Foundation, but is now owned and operated by Salem Communications...
, April 8, 2009 - Three Ways to Protect Yourself From the Coming Chaos by Porter Stansberry, Townhall.comTownhall.comTownhall.com is a web-based publication primarily dedicated to conservative United States politics. It was previously operated by the Heritage Foundation, but is now owned and operated by Salem Communications...
, April 9, 2009 - Stop the Lies Mr. President by Porter Stansberry, The Austin Report, April 16, 2011