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Sunday, March 6, 2011

Geting Ready For Inflation

I have just watched an approximately 30 minute program that you can find at Here is the thing. I am truly worried about inflation because ol Uncle Ben just keeps on printing money, and the description of inflation is too many dollars chasing too few goods and services. And that is exactly the situation in the U.S. today.

So this guy named Porter Stansberry, who runs something called Stansberry & Assoc. Investment Research, has put together this presentation. It is scare tactic all the way!! He is screaming about hyper-inflation and he does the obvious thing, he over-states his claims.

*He berates inflation in the UK without mentioning the same inflation was experienced in the US without the same side effects.

*He compares US gas prices with prices around the world without mentioning the difference is ALL due to taxes.

*With a single exception, he refuses to put dates on his quotes.

*He makes a big deal about how high business taxes are in the U.S., but doesn’t mention that 2/3 of all U.S. businesses pay no tax at all.

*He claims the University of Phoenix offers low cost education.

*He say your taxes are way too high without mentioning The Cowardly Lion’s give away of Bush’s tax cuts.

Now having said all of that, he does have some valid points and you should probably take a look at them. After all, it is your money.

I gave him $49.50 for a year sub to his newsletter and to get all the reports he tells you about at the end of the story. I will report what I find when they arrive so do not send him any money until you get my side of the story.

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