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Porter's predictions

Porter Stansberry: predictions

for the postmodern investor

According to Mr Stansberry, such a scenario will unfold almost as a matter of necessity. "I'm simply following my research to its logical conclusion," he explained in a lengthy transcript (13,000 words) which accompanied the video release.

If you look real carefully, you'll find a few caveats, like how maybe this won't happen at all. But he was willing to put his reputation on the line, making the following bold commitment. In words which, I suppose, might reassure even those who knew of the infamous Stansberry scam and investment fraud conviction, which he is still trying to get over, he announced:

"I'm more certain about this looming crisis than I've been about anything else in my life."

Nor was he doubtful about how bad things were going to get. The free world's leader was heading for a meltdown. This was true Armageddon stuff: time to take to the hills, or at least gouge a panic room into the basement:

"In short, I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life."

A "collapse in our national monetary system"? Oh dear. Thank god the view from my window is London. But more likely than not, you aren't so fortunate. It's probably a collapse in your monetary system. And this doesn't happen often, so what's Porter Stansberry's advice?

This bit isn't original. He took it off the shelf of those friendly gun-toting armageddonists and millenialists like some of those nuts you find around Austin, Texas.

"As far as protecting your family... well... it depends on your circumstances. If you live in an urban area, I recommend making sure you've got somewhere you can go in case there are riots or food and water shortages."

If you're at all like me (and probably even if you're not), by now you might be thinking "Uh-huh? Is this guy Stansberry for real, or what?" You should be in no doubt, however, that he's talking nuclear attack, civil war, plague outbreak, or worse.

"Wherever you're going to wait out the chaos, I recommend you have basic food, water, and medical supplies to last you for at least six months."

And it was going to happen soon. Porter Stansberry gives a time-frame. You can't fault him for telling it like it is.

"I think there's a very good chance we'll see that in the next two years."

The next two years? And he said that in 2010. Iin the fall of that year. Now history. And this was two years after the collapse of Lehman Brothers, with all the temporary turmoil that ensued.

So what do we make of this? It plainly never happened. I can tell that, even from London. Porter's bold prediction looks like the purest bullshit. Not unlucky. No near miss. Just crap.

But I say: perhaps not. There might be something else. Something bigger, more ambitious, he had in mind.

Porter and the three-term president

Which takes us - in search of his underlying strategy - to his second macro- (or is it meso-) prediction. He unveiled this two years later, in late 2012, shortly before the presidential election. The result (in case you took his first advice, believed the nation was reaching a terminus, and you had taken refuge in the Appalachian mountains without a radio) saw incumbent Barack Obama challenged by the hopeful Mitch Romney, and the Democrat won his second term.

Now everyone knows you can only get two goes in the White House. Everyone over 12 years of age, surely, knows that. But Porter Stansberry had a new way of looking at the situation: Obama would get three terms, or more.

I kid ye not. This was a firm Stansberry forecast. It was picked up all over the web. And it was all set out in another massive Stansberry & Associates document, totalling 14,500 words.

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