Political and Economic Gloom and Doom Infomercial

[dogboy]

http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA21/PR

Wow, I'm surprised I'm going to share this infomercial, but this long ass video has once again scared the hell out of me. Talks about buying silver, (unspecified) assets you don't have to declare to the US government, and the causes of the impending economic doom, which is really the best part.

The $50/year sales pitch is grating, but the peripheral info is good, if you are trying to grasp the big picture, especially at the beginning.... the end sucks monkey balls so as soon as you get to step 4, don't listen further, just shut it down.

For those of you that just want the 3 minute version, this is what we were passing around on FB:
https://www.facebook.com/photo.php?v=10150860012110261

[buckworks]

I listened to the whole thing, and I agree that the ending is annoying.

But the US's economic outlook is genuinely scary, and we'd do well to think about how we'd be affected if some of the gloomier predictions came true, even those of us in other countries.

Not fun to think about ... but a lot worse if we don't face facts ... how to prepare?

[dogboy]

I'll buy it and see what happens. I'd like to hear some real advice, even if it's wrong, just so at least I can hear a different perspective. I'll let you know.

BTW, I can't tell if the link I posted was an affiliate link or not, but I can't find that video off the home page... my dad sent it to me... the whole thing reeks of that MLM one page ugly website scam so use caution.

[Peter]

Load of b*llocks, I thought - did a bit of digging and guess what....

That sort of thing is exactly what is wrong at the moment.

[dogboy]

to grossly summarize the guy...

- invest in farmland... both stock in farmland, and have a real farm that could support you and your family.
- buy gold coins.
- buy stock in silver companies
- buy some land outside the country.
- put up to <$10k away for each person in your family in an overseas account. but if the account ever goes over 10k the US Govt can string you up.
- hold things of value, not cash
- 'buy naked puts' on stocks you wouldn't mind owning, if the stock market momentarily dips and takes a solid stock with it by mistake. Kinda confusing for a non-finance person.  You can lose your ass here but this is how to make money in a volatile economy.

...basically the world is going to crap itself and everybody is going to lose everything, so pass your wealth on in the form of farmland and keep what you need liquid in gold.

At least that's what I'm getting out of all this.

[grnidone]

_{- invest in farmland... both stock in farmland, and have a real farm that could support you and your family.}

It's always interesting to me how many people think that farming is easy.  It's not.  We had a guy who bought seed from us who moved from California, bought a ton of land and started farming thinking it'd be easy.  He's was in construction, made a ton of money and decided he wanted to keep it because construction was going down hill.  (Dad and I both had a laugh over that.)

A direct quote from him "I had no idea how much science and chemistry is involved."

Dad kind of took him under his wing and has been tutoring him, but he hadn't even taken a basic soils class to understand what goes on in the soil...(which is a lot more than most people think.)

We told him "Look, you can make money at this, but it ain't easy, and for the first few years, you *will* be broke.

And, on another note, a quote from the 1860's by Richard King of King Ranch

"Buy land and never sell."

It worked then, and it still works today...