I have previously done an article on the Predictions of Porter Stansberry, gave you the link to his "video", and promised that I will give you my evaluation and assessment which would not necessarily be based strictly on financial considerations. I have asked for your comments, and though a large number of people visited the post, only a handful took the time to give us their insights.
But now it's my turn to give you a mind-dump of the topic under discussion, which is: "The End of America".
The Financial Argument
When I first heard Porter's prediction, I mulled it over for a while with my heart beating double time, because it resonated with a theory that I have been espousing to my friends for a while. So I actually took their offer and opened an account with them. This allowed me to get a better idea of what Porter Stansberry is all about. I read some of their articles, and two points struck me.
First, they have an awful lot of material available on their website for their members. I won't elaborate on the five pamphlets that they give away with the offer, but the titles will give you an idea of the contents. Since the time that I have signed up, I have been receiving 5 separate newsletters emailed to me every day.
Now I would like to give you a detailed intelligent report as to the value of the suggestions offered, but alas I am NOT a financial guru (and I don't play one on TV). I was hoping that there might be some experts out there who could offer their evaluation via comments, and while there were relatively few comments offered, the ones that were recorded are thoughtful and of high caliber, and agree that the catastrophe will happen, it's just a question of how soon.
The second point that struck me as I perused the Porter Stansberry archives, was that the December 2008 Monthly Newsletter was titled "The End of America", while the August 2009 Monthly Newsletter was titled "The End of America II". Needless to say, the current media blitz is back to "The End of America". Hmmm.. So is this just a case of “scatter prediction”? Since we all know that it WILL eventually happen, just keep predicting it every year, and when it happens you will be correct?
The key, though, seems to be, that everyone I have discussed this with seems to be of the opinion that a collapse is inevitable. When? That's hazy. My own logical conclusion gives it a little wider time-frame, because if America collapses, the rest of the world will follow into the maelstrom created. This inevitable fact will incentivize the outside instigative parties to proceed with caution in order to mitigate their own losses. However, as the news headlines clearly show, the financial saber-rattling has already started. The bottom line is that the financial collapse WILL happen sooner than later, unless certain drastic steps are taken.
"So what steps should be taken?" you ask. In my opinion, we first have to look around the world and learn from the failures of other countries. Then, the minimum steps taken should be as follows:
- To free us from OPEC subjugation, we MUST immediately start drilling for oil and gas in our own resource sectors, and start building additional refining capacity, in addition to pursuing alternate energy sources.
- We must declare a moratorium on Government Regulations that stifle production in the travel, manufacturing and energy sectors.
- We must cut back the size of the Government to what is absolutely necessary. Thus, we must analyze ALL the Government employee positions and programs currently being funded, and eliminate those that are not 100% necessary. This will be very difficult, so I suggest that we list all the programs along with their costs, and get feedback from the public.
- We must upgrade our Education System. This will require having the best teachers, not necessarily the most "tenured".
- In order to swing the balance of trade in our favor, we must encourage manufacturing for exporting. We have to get our production costs more competitive with foreign labor, so this may have to involve the disbanding of Labor Unions.
The Religious Argument
As I now remove my little paper hat with "Financial Guru Wannabe" lettered on it, I will put on a totally different hat. At work I find time to discuss the state of our country with a co-worker who happens to be a Church Deacon and a requisite Liberal. As you can imagine, most of the time our discussion points are diametrically opposed, but when it came to the outlook we envision for the American society in the near future, we both saw it with a critical eye. Both of our religious scholarships had cast a pall on the American future, due to the deterioration of the ethical standards being championed by the schools, special interests, and the Government. Both of our religious studies have taught us that the advent of complacency in face of overt homosexuality, greed and corruption permeating the Government at all levels, the rampant immorality and lewdness exuded by Hollywood, cable TV, and even broadcast television, probably brought our society close to the tipping point on God's scales. How much time does America have before God sits in judgement over us?
The Jewish Historical Argument
And finally I will revert to the "yarmulke" of an Orthodox Jew who has studied Jewish History with a critical mind. This part of my prognostication refers strictly to the American Jewish society. So if you are not of the Jewish persuasion, you can skip ahead to the final paragraph of this article.
The Jewish People, as a whole, have been displaced from their ancestral home is Israel for the past 2000 years. During the ensuing years they have suffered the iniquitous degradation of the Diaspora and have settled in countries throughout the world. In whichever country the "wandering Jew" settled, he prospered, along with his host country.
Then somewhere along the way, inexplicably, the serpent of Anti-Semitism would rear its ugly head, resulting in the Jews being driven from their adopted country, or murdered, or both. Time after time, country after country, the same scenario was repeated with eerie similarity. A partial list of expulsions contains: England (1290), France (1306 and 1394), Hungary (1349 and 1360), German states (1348 and 1498), Austria (1421), Lithuania (1445 and 1495), Spain (1492), and Portugal (1497). After expelling the Jews, the host countries would suffer a financial downturn, which is why some of them would invite the Jews back, only to repeat the pattern soon after.
What can account for this mysterious historical consistency? The sheer magnitudes of these cycles defy logical explanation. Yes, defy logical explanation, but not Prophetic explanation. The Hebrew Prophets have foretold of the wanderings of the Jewish people after the destruction of the Temple in Jerusalem. They prophesied of the scattering of the Jewish people to the four corners of the world, and of constant wanderings until the in-gathering of the exiles reunites them once again in the land of their forefathers, which is Israel. Not being able to rest. Not being able to settle and say "This is my home." As soon as the Jews put down roots in a land other than their own, God puts events into motion to have them uprooted. Over and over and over again.
Which brings us up to the "Modern" era. Winston Churchill is reported to have said: "Those that fail to learn from history, are doomed to repeat it". The Jews have never learned from history. Perhaps it is eternal optimism, or maybe just a stubborn streak, but in spite of multiple previous expulsions, Jews resettled in Germany. As little as 80 years ago, the German Jews felt that Germany was the new Zion, and Berlin their new Jerusalem. They felt that they were home and they thrived in their friendly surroundings. When the Nazi Party came to power, they refused to believe that it could happen again. When Hitler came to power and Anti-Semitism went mainstream, the Jews were still in denial. Relatively few of them saw the "handwriting on the wall", and left Germany before the Holocaust snuffed out 6 million souls throughout Europe.
So what about Today? The Jews in America find it the most comfortable home yet in their 2000 year odyssey. Scholars that I have spoken with, who know all about the history, are outspoken about the faults of the past generations in regards to settling comfortably outside of the Holy Land, yet in the same breath they claim that America is the only exception to the rule because America was was founded on values that grant equality to all people. The Jews have finally found a proper home away form home, so to speak. Why even think of returning to Israel with all their neighborly dangers, when we are in a country that accepts us and protects us as equals.
I pointed out to them that this was the exact argument their brethren used in Germany prior to the Holocaust, in fact, this argument was used in most places where the Jews were eventually slaughtered and expelled. Doesn't history teach us anything? Apparently NOT. I am told that America is different. That kind of thing could NEVER happen in the American society.
So what does all this have to do with the Porter Stansberry predictions?
In my opinion, if in fact the predictions start materializing to any significant degree, it will portend a quantum change in the mindset and tolerance of the general "Liberal" public. History has shown that when populations fall on hard times and frustrations reign supreme, they will strike out at the most convenient "scapegoat". History has time and again shown who that "scapegoat" is.
Will we take the current Administration's seemingly purposeful destructions of the American economy as a sign from God that we are making a mistake? Will we take the current Administrations derision of American values on the International Stage, their alienation of Israel in favor of perceived Muslim goodwill, their inadvertent (or perhaps advertent) rekindling of racial tensions, as a sign from God that we are straying off our mission path? Or will we wait for the actualization of the "Porter Stansberry predictions" before we recognize the Hand of God, and hope it's not too late.
We are living in "interesting" times, when several disparate arguments converge to a single conclusion.
God help us all!