Is Stansberry’s “End of America” Video Right?

Right at the beginning of this year, there was a video going around that stirred a bit of controversy.  A financial analyst named Porter Stansberry made an hour long lecture-style video called “The End of America,” by which he meant that we would lose our financial dominance and quality of life, not that the country would cease to exist. 

Many people pointed out that Stansberry has been investigated and sued before, and that the video is ultimately an ad for his products.  But neither of those things proves that he’s wrong.  In fact, I already knew most of the information in his video, but I did learn quite a bit.  What most impressed me is the way he collated the facts and used them to present his case–the logical order of the argument’s arrangement is very well done. 

It’s a long video, and slow paced, but if you’re interested in the economy, it’s worth it.  Still, here’s a spoiler: ultimately, Stansberry’s specific prediction is that Continue reading

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NPR: Fair and Balanced

I actually really like listening to NPR.  Yes, the constant stories about some quirky and/or oppressed little guy vs. some big bad mean corporate entity get a bit tedious, but there’s a lot of good stuff on NPR, and not just the humor shows on Saturday!  (See my Arts entry this Monday for an example.)

Today, I heard two different commentators on the debt ceiling debate say that tea partiers in Congress are “radical extremists” who “nearly brought this country to the edge of ruin” because of their agenda to limit the size of government.  Such hyperbolic character assassination is pretty vile, but these were commentators, not reporters.  One was on The World, the other was on All Things Considered.  Two such insults in one day, almost exactly the same.  Good grief.  I wonder how many other times it was said that I didn’t hear.

On the other hand, that same episode of The World also had a story about tea party foreign policy that was rather gracious; not quite sympathetic, but that wouldn’t be news, either.  It was objective.  It was fair.  Good for them. 

In other news, today, for the first time in history, the credit rating of the United States was lowered by a major agency.  Who saw this coming?  Oh, right, those kooky tea paty nuts.  The next time Uncle Sam wants to borrow a dollar, ask for some collateral.