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  • Posted by plusaf 10 years ago in reply to this comment.
    It isn't... but it will get him lots of subscribers for his newsletter... scared sheeple... Follow the money.
    Again.

    I used to subscribe to his rag but smartened up. I often said that Stansberry predicted 12 of the last 3 recessions... Fearmongering sells 'investment newsletter' subscriptions.

    Enjoy! But keep a diary of what he says is going to happen, then revisit the entries every six or twelve months.
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  • Posted by saucerdesigner 10 years ago
    In 2007, Porter Stansberry and his investment firm, then called "Pirate Investor," were ordered by a U.S. District Court to pay $1.5 million in restitution and civil penalties for a "scheme to defraud public investors by disseminating false information in several Internet newsletters." ~ Wikipedia
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  • Posted by Notperfect 10 years ago
    The Fed states We are always right never wrong. So you keep your count. One entity that still has humans working there. To err is human, but not the Fed.
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  • Posted by saucerdesigner 10 years ago in reply to this comment.
    So I would be cautious about taking my cues from someone who has been known to disseminate false information in order to rig markets.
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  • Posted by genemcdonough 10 years ago in reply to this comment.
    A part of the picture may be that everything is reported in current dollars, and that real inflation is reducing the value of those dollars dramatically, thus the number of dollars reported in revenue is pumped up.
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  • Posted by shivas 10 years ago in reply to this comment.
    If it is perceived that there may be a future increase in long-term capital gains, many of those with big profits will take them and pay the taxes before they increase. While it seems illogical with the expected Republican surge, stranger things have happened with politicians who have had their power base threatened.
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    There have always been powers that could move markets by their ability to buy/sell, and those who could cheat and profit from insider knowledge, but this seems to be new, where a gov't agency can intercept info, either act on it as it is, change it, redirect it, delay it, or destroy it to their own ends. Now that seems to be new.
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  • Posted by strugatsky 10 years ago in reply to this comment.
    Our real uneployment rate is over 50%, with more working age and condition people not working than those that are employed...
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  • Posted by flanap 10 years ago in reply to this comment.
    Not new to those of us who know what we see is not what is to be seen; there are people behind the curtain. Time to read The Shadows of Power: The Council on Foreign Relations and the American Decline, just to get started.
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  • Posted by johnpe1 10 years ago in reply to this comment.
    we must not think that the feds are quoting inflation as it is -- please refer to your grocery receipt or your auto maintenance costs as examples of the real inflation rate. the stuff of life is not getting more expensive slowly. inflation is being politicized as is unemployment. -- j
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    Not sure your exact question, or to whom it was directed, but since I started the thread, I get all the posts.

    I don't disagree on your assertion that it seems contradictory that there can be an increase in tax revenue with the lowest worker participation rate since the data began being recorded. The only thing that I can figure is that cap gains are being driven up by the influx of cash by the Fed, which then gets taxed.
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    I think we've already tipped - they've just tilted the whole world so we aren't noticing it, yet.
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  • Posted by johnpe1 10 years ago in reply to this comment.
    the problem is this: the "quantitative easing" which they're doing is really just "inflaxation", to coin a term -- taxing us by inflating the $$ while bolstering pension fund values and undergirding financial folks "too big to fail". -- j
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    You don't think that an assertion of the NSA being able to manipulate the stock market is new news? If not, then you're even more skeptical, and jaded in your view of gov't, than I. And that takes a lot.
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    By the jury being out, what I mean is that the Fed has been pumping unprecedented amounts of money into the economy and the only movement of the unemployment level has come about due to more and more people dropping out of the work force. And as for low inflation, all monetary theory shows that drastic increases in the money supply result in increased inflation. Why this hasn't yet happened is a subject of much debate. Few rational economists dispute that it will happen, but are just perplexed as to why it hasn't already. It's most likely a combination of not having anywhere else really to put your money (at least not currency - there's no fiat currency that isn't facing the same type of hyper increase in the supply - not the Euro, not the Yen, not the Yuan). On top of that, the US seems to be manipulating the precious metals prices, driving it downwards in dollars, making it less desirable, yet the likes of China, Argentina, India, etc. are buying up and repatriating gold at an unprecedented pace. If the US is no longer able to ship that gold that they had been holding in trust to those countries (and they've started to renege already) the SWHTF quickly and hyperinflation will likely wipe out anything held in dollars. Then, the jury will have spoken very loudly.
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  • Posted by straightlinelogic 10 years ago in reply to this comment.
    I think one agency of the government trading pieces of paper, or computer entries, with another agency will eventually fail, but the government trying to manipulate asset prices is already going on.
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    Their charter is to keep "full employment" and "low inflation". The jury is out on both of those.
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  • Posted by straightlinelogic 10 years ago
    The Federal Reserve's stated goal since the financial crisis has been to elevate asset prices (i.e, increase stock prices), and it looks like they've done a pretty good job. What else is new?
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