Posted on 04/27/2014 11:09:45 AM PDT by tired&retired
Write Down This Date: July 1st, 2014
On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare ...
Snopes Opinion: Mixture of Truth & NonTruth
Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC.
This latest panic piece is offered in a more at Stansberry & Associates presentation featuring a number of scary-sounding statements about how we in the U.S. are soon to experience a "near-complete shutdown of the American economy," will see "the savings of millions wiped out," will be living under the imposition of martial law by the federal government, and will be struggling in the aftermath of a number of other apocalyptic financial scenarios.
So what is this all really about?
H.R. 2847, also known as the Hiring Incentives to Restore Employment Act (or HIRE), was a Congressional bill passed into law in March 2010 that sought to provide payroll tax breaks and incentives for businesses to hire unemployed workers. A section of that bill, the Foreign Account Tax Compliance Act (known as FATCA), sought to eliminate the non-compliance of U.S. taxpayers who hold foreign accounts by requiring those taxpayers (including those living outside the U.S.) to report certain foreign accounts and offshore assets to the government, and by requiring foreign financial institutions to report information about the ownership of overseas assets held by U.S. taxpayers to the government.
(Excerpt) Read more at snopes.com ...
No both parties have completely sold out.
That is the point I am making.
NOBODY is for making stuff in America.
Thus our debt has increased to 17.5 trillion, and continues to climb rapidly.
America we need to make stuff.
Here. That means you GOP. Support American manufacturing.
The GOP is the problem currently.
Nobody is for American manufacturing.
Dems will always increase government programs. Only the GOP will increase manufacturing employment.
But they’re completely sold out at the moment.
America we have nobody on our side right now.
I agree with all that, but at this time, it is not possible. You see, what you are saying is elections won’t fix that.
So what will that is doable?
The GOP needs to become a very strong advocate for American jobs.
Jobs.
We had a good run selling American jobs to China. Now we need to bring them back.
Times change. China is now (very much) more powerful than it used to be.
China is (rapidly) getting ever stronger.
America needs to start repatriating our own companies, and America needs to start becoming much more focused on America first.
Both parties.
But in particular, the GOP needs to be for America.
Now.
The Internet shills have twisted 2847 into some type of doomsday machine.
So... BUY GOLD, SILVER, INVEST IN FRACKING COMPANIES, etc. THE WORLD AS WE KNOW IT IS (not) COMING TO AN END.
More Porter info here
This morning we were listening to Dr. David Jeremiah as we usually do on Sunday mornings. He reviewed what was going on in the USA socially and politically for a long beginning which I thought was more politics(I agreed very much with the political layout being given) than expected in a Sunday worship sermon. My wife suggested to wait and see if Dr. Jeremiah wouldn’t tie what was being said to biblical verses as he usually does. Sure enough he did end up tying his social economic statements to biblical messages. He certainly, as far as I took the message, is not for a political ‘new world order’. In fact I would say his sermon was very ‘right wing’. I was very interested in seeing the various expressions on the faces as the camera panned the congregation. He has/had(?) a very large National and even international audience. Next week the sermon will be on ‘The New World Order’. I recommend Freepers to listen in.
FATCA is a pain in the butt. And it does make it more difficult for U.S. citizens to bank overseas. The producers are being penalized so the money stays home to support the looters and moochers.
Porter Stansberry and ‘the Stansberry scam’
http://briandeer.com/stansberry/stansberry-research-scam-1.htm
The fraud allegation
As for what Porter Stansberry did, the first clear description was set out in April 2003. That was when Karen L Martinez, Thomas M Melto and Brent R Baker of the Securities and Exchange Commission’s Salt Lake City office filed a complaint with the federal district court in Baltimore, Maryland, where Stansberry’s investment newsletter business was located. They alleged:
“1. Defendants engaged in an ongoing scheme to defraud public investors by disseminating false information in several Internet newsletters published by Agora or its wholly owned subsidiaries such as Pirate. Through various publications, defendants claimed to have inside information about certain public companies. Defendants suggested that its readers could cash in on the inside information and make quick profits. The defendants offered to sell the inside information to newsletter subscribers for a fee of $1,000.
Financial Publisher Who Defrauded Public Investors Is Back With Another Ominous Video
In 2007, Porter Stansberry was sued by the SEC and fined $1.5 million for security fraud.
Porter Stansberry, the financial publisher known as much for his viral, ominous 2010 video “The End of America” as he is for his run-ins with the Security Exchange Commission, is back with another foreboding video, titled “The End of Barack Obama?”
[READ: Stansberry Claims Obama Secretly Seeking Third Term]
In the video, which runs more than an hour in length, Stansberry warns listeners that a major crisis is coming that will “shake the very foundation” of the country and could “bring our country and way of life to a grinding halt.”
Stansberry has also predicted that Obama may somehow score a third term, despite a two-term limit for U.S. presidents.
FATCA is killing US jobs, NOT a myth A FACT.
During the normal course of my business I interact with individuals raising capital.
I know of one on-going instance were a company has raised money ~4mm from a Swiss investor but is having trouble getting assess to the cash here because of the reporting requirements of FATCA.
They have not been able to pay their employees without this cash that they had budgeted for.
So what do you do? Lay people off or promise to pay them later which is a violation of our state, Florida’s Law.
I don’t have this answer but it is hurting real folks due the incompetence of our government.
To all those on FR that want to bring back jobs from overseas have you never heard of ITAR? that is the real reason these jobs stay overseas.
Financial website The Motley Fool concluded that “Stansberry’s core argument is sound ... although it’s not quite as dire as he would like you to believe.”
Been hearing about the imminent collapse of the United States since at least the 1950’s; let’s hope they’re wrong this time, too.
In an August, 2011 online debate with James Altucher, Stansberry predicted that Europe’s debt crisis would intensify in the coming year, with Italy’s Unicredit being “the next big domino to fall.” Stansberry predicted that once Unicredit fell, Germany would not bail it out, and that Germany would leave the European Union within the next twelve months (by August, 2012). Additionally, Stansberry predicted that the U.S. Dollar would lose its reserve status and the U.S Treasury “bubble” would burst. In light of these oncoming financial calamities, Stansberry recommended that investors convert their assets to 50% gold and 50% cash, if they were not willing (or able) to actively short stocks
Thank you.
That group R or D in DC do not want to hear that. They no longer support sovereignty or nation states. They want the US, Canada an Mexico to be one. All united under the banner of a socialist state. You are not supposed to have jobs and prosperity, you are supposed to accept the plan we have designed for you. We are going to rot the minds of your children. Make them lazy and accept mediocrity and handouts from we, your betters. You like that retirement you saved for? Pfhtttt...we are taking that real soon along with your religion and weapons. How dare you think you can be anything other than compliant with our desire to see to it you have nothing more than everyone else in this world. It just is not fair. We don’t care that you worked hard and were responsible. Those qualities are no longer acceptable. If you have something, you will share it because we will take it from you one way or another. If its land, we are already taking it. Can’t you understand what we are doing in the American west? Why we even made laws in that Supreme Court you all depend on to take the land from one person and give it to another person because we said so and we enrich ourselves by doing it. We have armed our whole government and police forces to see to it that what you may want never happens if you want to live.
Each day we gain ground by making fun of your silly old notions of a great country and a proud country. We laugh at you because we know that you are intimidated by all of this and in shock.
Well, this is how they are operating and this is what we are up against. I wish all of us luck and suggest a whole lotta prayer. So much for jobs.
Interesting.
I just wanted to see what your post was about.
I followed to your posting history. There two down, I saw a post which started:
“It might be a good idea for productive US parents to have their children born in another country that allows the child to become a citizen by virtue of birth.”
That is certainly a different view, than what I am advocating.
Just saying.
Question! how is a ‘US Treasury bubble’ related to a Federal Reserve debt?
Here’s the rest of the post, for context of course.
“It might be a good idea for productive US parents to have their children born in another country that allows the child to become a citizen by virtue of birth. I don’t think that hedging bets is such a bad idea these days when the economic Berlin Wall is getting higher and higher, and when it appears that conservatives and constitutionalists are becoming the new 1930s German Jews.
I don’t think that many other nations allow birth in the country as a sufficient sole requirement for citizen status; Canada perhaps?”
right and since Aug 2011 the US stock market went up 30% and Gold went down 15%. There will be corrections, recessions and depressions over time. All one can do is to stay conservatively invested in a broad range of instruments and recognize the market could fall 50% at any moment
Just saying. :D
I know I seem to be in a huge minority on this site, constantly advocating for American jobs.
But two administration over a total of more than 12 years, have been exporting every America jobs they could.
Both parties.
I say it is now time, to start to bring back American jobs.
Whatever American jobs.
Any American job. All American jobs.
Just bring back American jobs. Change the rules, and do whatever is needed, just bring them back.
The alternative, is to eventually fall under control of communist China.
Really.
That is not a good alternative.
It is now time, to start to bring back industry to America.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.