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When we receive testimonials from a subscriber, we change the name to protect their privacy and identity. We often ask for particulars about the subscriber’s results, including:

  1. How much money he or she invested,
  2. How long he or she was in the trade,
  3. How much the subscriber made in dollars terms and as a percentage of the original investment, and
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We ask these questions because we want a clearer picture of the results that the subscriber attained so that we can pass that information on to you.

While we ask these questions, we are aware that this financial information is personal and sensitive. Some subscribers do not feel comfortable sharing this information with us, especially knowing that we may publish it. You should keep these questions in mind when assessing whether to purchase our products and whether you could obtain similar results.

If the subscriber does not give us this information, then we cannot publish it. Even if we do publish all of these details with the testimonial, you should know that we do not ask for copies of the brokerage statement or take other actions to independently verify the subscriber claims, nor do we audit their results for accuracy. We publish this information to let you know that these results are possible and have been achieved by real people after reading our research. However, you should also understand that we are advertising these testimonials because they are atypical. These results are examples of the very best possible outcomes.

Past results like these are no guarantee of any future result.

We wouldn’t recommend anticipating such outstanding results with your own investments. Yes, you could have results like these – or perhaps even better. But, it’s simply not prudent to assume you will immediately make large investment returns. Instead, we urge you to read our work carefully, to follow our risk management strategies conscientiously, and to invest cautiously while setting expectations that are based around our long-term performanceaverages. You can learn more about these by reviewing our annual Report Cards found in theDigest archives.

As for our flagship publication, Stansberry’s Investment Advisory, Porter has published monthly since July 1999. Since that time, he has made 291 investment recommendations. The average return of all of these recommendations (winner and losers) as of April 10th, 2014, is 37.9%. The average holding period for each position was 520 days.


What follows are the facts, figures, resources, and full testimonials from the accompanying promotion for Stansberry’s Investment Advisory.

The details listed below are listed in the order they appear in the accompanying promotion.

If you have any questions or want more information about the marketing material you just viewed, here’s where you should start. Remember, you can also call our Customer Service team at our Baltimore Headquarters, from Monday through Friday, 9 a.m. through 8 p.m. Eastern time. Our toll–free phone number is: 1–888–261–2693.


1. HR Bill: 2847, 111th Cong., Http:// 48 (2010) (enacted). Print.

2. Effective Date: FATCA Frequently Asked Questions (FAQs). Rep. Deloitte
Touche Tohmatsu Limited, 2011. Web. <–

3. More info on FACTA: “FATCA SUMMARY.”Fatca. Thomson Reuters,
2011–2013. Web. <>.

4. Barron’s Subscriber Count: Alliance for Audited Media. “MAGAZINE
Publisher’s Statement: BARRON’S.”Http:// Dow Jones
& Company, n.d. Web. <

5. Investor’s Business Daily Subscriber Count: “About Our Subscribers.
Investor’s Business Daily. N.p., Mar. 2013. Web. <

6. Past Prediction 1: Stansberry, Porter. “Freddie Mac and Fannie Mae Are
Going to Zero.”Stansberry’s Investment AdvisoryIX (June 2008): 8.Stansberry’s
Investment Advisory
. Stansberry & Associates Investment Research, June 2008.
Web. <

7. Past Prediction 2: Summers, Graham. “What the Insiders Are Betting on in
2008.”Inside Strategist(14 Nov. 2007): 5.Inside Strategist. Stansberry &
Associates Investment Research, 14 Nov. 2007. Web. <http://www.stansberry>

8. Past Prediction 3: Ferris, Dan, and Porter Stansberry. “The Chapter of
Accidents.”Extreme ValueVI (16 Apr. 2008): 8.Extreme Value. Stansberry
& Associates Investment Research, 16 Apr. 2008. Web. <http://www.stansberry>.

9. Past Prediction 4: Stansberry, Porter. “A Letter from GM’s Chairman.”
The S&A Digest
(14 Mar. 2007): n. page.The S&A Digest. Stansberry &
Associates Investment Research, 14 Mar. 2007. Web. <http://www.stansberry>.

10. Stocks Recovered Losses: Waggoner, John. “Most Stock Funds Recover,
Beating 2007 Highs.” Editorial.USA Today. Gannett, 18 Feb. 2013. Web.

11. Real Estate Rebound: Isidore, Chris. “Home Prices Rebound.” Editorial.
CNNMoney. Cable News Network, 25 Sept. 2012. Web. <

12. Unemployment Statistics: The United States of America. United States
Department of Labor. Bureau of Labor Statistics.Labor Force Statistics from
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N.p., Mar. 2014. Web. <

13. Bankruptcy Statistics: The United States of America. Federal Judiciary.
Office of the U.S. Courts.Percent Change in Bankruptcy Filing, 2011 to 2012.
N.p., 2013. Web. <

14. Past Prediction 5: Stansberry, Porter. “America’s Next Big Bankruptcy.
Stansberry’s Investment Advisory. Stansberry & Associates Investment
Research, Mar. 2009. Web. <http%3A%2F%2Fwww.stansberryresearch

15. Wisconsin Protects: Davey, Monica, and Steven Greenhouse. “Angry
Demonstrations in Wisconsin as Cuts Loom.” Editorial.The New York Times.
The New York Times, 16 Feb. 2011. Web. <

16. Occupy Movement: “About.”Occupy Wall Street: Retributions Against
the Financial Elite
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17. Monetary Base: “St. Louis Adjusted Monetary Base.”FRED. Federal
Reserve Bank of St. Louis, 3 Apr. 2014. Web. <http://research.stlouisfed.

18. Public Debt 1: The United States of America. Congress of the United
States. Congressional Budget Office. Federal Debt and Interest Costs. CBO,
Dec. 2010. Web. <>.(n.b. the end
of fiscal year 2008, debt held by the public amounted to $5.8 trillion)

19. Public Debt 2 The United States of America. U.S. Department of the
Treasury. Bureau of the Fiscal Service.The Debt to the Penny and Who
Holds It
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20. Government Takeovers: Gimein, Mark. “Fannie and Freddie, the
$5 Trillion Gorillas the U.S. Just Can’t Kill.”
Bloomberg, 01 Apr. 2013. Web. <–now

21. Bailout Trackers: Goldman, David.CNNMoney. Rep. Cable News
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22. Federal Line of Credit: Mckinnon, Ronald. “The U.S. Saving Deficiency,
Current–account Deficits, and Deindustrialization: Implications for China.”
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23. Obama and the Debt: Ferrara, Peter. “President Obama: The Biggest
Government Spender In World History.”Forbes. LLC, 7 June
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24. Global Debt Clock: “The Global Debt Clock.” Editorial.The Economist
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25. Debt Facts: “40 ‘Frightening’ Facts On The Fall Of The US Economy.”
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26. US vs. Euro Debt: Halper, Daniel. “America’s Debt Is Greater than
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27. Fed Lowers Interest Rates 10 Times: Monan, Zhang. “The Real
Interest–rate Risk.”Business Today. Living Media India Limited, 15 Apr.
2013. Web. <–economy–real

28. Explanation of the Reserve Currency: Conerly, Bill. “Future Of
The Dollar As World Reserve Currency.”Forbes. Forbes Magazine, 25
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29. American Recovery and Reinvestment Act: H.R. 1, 111th Cong.,
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30. US Shifts from Creditor to Debtor: Weisman, Jonathan. “Reagan
Policies Gave Green Light to Red Ink.”The Washington Post. The
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31. US Owes the Most Money: Fisher, Max. “Http://www.washington–surprising–chart–shows
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32. QE3 Tapering: Vecchio, Christopher. “Fed Tapers QE3 to $65B
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33. Zia Z. Quote: Wheatley, Alan. “Analysis: China’s Currency Foray
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34. China the “Currency Manipulator”: Lowrey, Annie. “A Tight
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34. Post quote on the dollar: Powell, Scott S. “How US Debt Risks
Dollardoomsday.”New York Post. NYP Holdings, Inc, 1 May 2012.
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35. Ray D. quote: Erlich, Natalie. “Dollar’s Dominance to End: Hedge
Fund Titan Dalio.” CNBC LLC., 3 Mar. 2011. Web.

36. Sterling as the Reserve Currency: Schenk, Catherine.The
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37. The Marshall Plan: The United States of America. U.S. National
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38. Obama wants to “Spread the Wealth”: Gewargis, Natalie.
“‘Spread the Wealth’?”ABC News. ABC News Network, 14 Oct. 2008.
Web. <–the–weal/>.

39. British Currency Devalued: “1967: Wilson Defends ‘pound in Your
Pocket.”BBC News. BBC, 19 Nov. 1967. Web. <

40. British ‘Winter of Discontent’: Taylor, Adam. “Before Thatcher
Came To Power, The UK Was Literally Covered In Gigantic Piles Of
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41. British Inflation Skyrockets: “Newly Declassified British Government
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42. Great Britain’s 3–Day Work Week: “1978 – 1979: Winter of
Discontent.”Http://, 24 Jan. 2007. Web.

43. British ‘Winter of Discontent’ 2: “BRITAIN: Heath Looks for
a Way Out.”Time. Time Inc., 28 Jan. 1974. Web. <http://content.time

44. Federal Reserve Nominal Broad Dollar Index: The United
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45. China Dumps the Dollar: Anderlini, Jamil. “Trades Reveal China
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46. Market Volatility: Kinniry, Francis M., Jr., Todd Schlanger, and
Christopher B. Philips.August 2011 Stock Market Volatility: Extraordinary
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47. Rickard’s Quote: Rickards, James.Currency Wars: The Making
of the next Global Crisis
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48. Germany Repatriating Gold: Fontevecchia, Agustino. “Germany
Repatriating Gold From NY, Paris ‘In Case Of A Currency Crisis’”
. Forbes Magazine, 16 Jan. 2013. Web. <http://www.forbes.

49. Capital Flight: McLeod, Darryl. “Capital Flight.”The Concise
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50. Gold up for 12 Years: “Historical Gold Charts.”Kitco. Kitco
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51. Time Mag on Bitcoin: Grossman, Lev, and Jay Newton–
Small. “The Secret Web: Where Drugs, Porn and Murder Live
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52. Bloomberg on Bitcoin: Vance, Ashley, and Brad Stone.
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53. History of the Swiss Franc: “The History of the Swiss Franc.”
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54. Germans buy Francs: Rickards, James.Currency Wars: The
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55. Argentinian Crisis: Parks, Ken. “Argentina Blasts ‘Speculative
Attacks’”The Wall Street Journal. Dow Jones & Company, 11 Feb.
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56. Americans saving less: Forsyth, Randall W. “The Beginning
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57. Sam Zell Profile: “The World’s Billionaires.”Forbes. Ed.
Kerry A. Dolan and Luisa Kroll. Forbes Magazine, n.d. Web.

58. Sam Zell on CNBC: Cox, Jeff. “US Standard of Living
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59. Governments and Printing: Watkins, Thayer.Episodes
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60. George M of WSJ Melloan, George. “The Federal Reserve
Is Causing Turmoil Abroad.”The Wall Street Journal. Dow
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61. States close Shortfalls: Oliff, Phil, Chris Mai, and Vincent
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62. Muni bond Defaults: Forum, Forbes Leadership, comp. “Could
Municipal Bonds Be the Next Financial Titanic?” Forbes. Forbes
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63. Problems in Ohio: Patton, Wendy, and Tim Kreuger. “Intensifying
Impact: State Budget Cuts Deepen Pain for Ohio Communities.”
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64. Problems in Philadelphia: Zhao, Emmeline. “Philadelphia School
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65. Stanford Study: Parker, Clifton B. “Stanford Experts Urge Major
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67. Pension Cuts: Schultz, Ed. “Chris Christie Cuts Pensions to Benefit
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68. Counties Declare Bankruptcy: Farnham, Alan. “3 Most Desperate
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69. Stockton Bankruptcy: Hoffmans, Lara. “Biggest Municipal Bankruptcies
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70. Stansberry on Detroit: Stansberry, Porter. “USA: The Next Detroit.”
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71. Municipalities Declaring Bankruptcy: Norcross, Eileen. “Pensions
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72. Municipalities Declaring Bankruptcy 2: “Municipal Bankruptcy State
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73. Problems in Baltimore: Associated Press. “City of Baltimore Is on a
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74. China and South Korea: Kim, Cynthia, and Jiyeun Lee. “China, S.
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76. Robert Fisk in The Independent: Fisk, Robert. “The Demise of
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77. Tim Geithner on the Dollar: Christie, Jim, and David Lawder.
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78. IMF Calls for Reserve Currency: Rooney, Ben. “IMF Calls
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79. Xinhua Quote: Jamieson, Alastair. “China Blasts US ‘debt Addiction’
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80. China Daily Quote: Qiang, Su, and Li Xiaokun. “China, Russia Quit
Dollar.”China, Russia Quit Dollar. China Daily Information Co, 24 Nov.
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81. China Trade Agreements with Germany: “China, Germany Plan
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82. China Trade Agreements with Brazil: “China and Brazil in $30bn
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83. China Trade Agreement with Russia: Qiang, Su, and Li Xiaokun.
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84. China Trade Agreement with Australia: “Australia, China Sign
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85. China Trade Agreements with Chile: “China, Chile to Establish
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86. China Trade Agreements with UAE: Yousuf, Hibah. “Dim Sum
Bonds Sprout in Dubai.”CNNMoney. Cable News Network, 07 Mar.
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87. China Trade Agreements with India and South Africa: VN,
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88. USD Restrictions in Mexico: Sachs, Andrea. “Mexico Curbs Use
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89. USD Restrictions in India: Associated Press. “U.S. Dollars No
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90. USD Restrictions in Cuba: Rodriguez, Andrea. “Cuba to Eliminate
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91. Dollar–based Credit Cards: Gao, Victor Zhikai. “China’s Heart Of Gold.
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92. Kuwait and the Dollar: Zhou, Wanfeng. “Kuwait Unhooks Dinar and
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93. CME Accepts Gold: Sukumar, Nandini, and Nicholas Larkin. “CME
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94. Bill Gross in Bloomberg: Nielsen, Bo, and Adriana Brasileiro.
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100. Dim Sum Bonds: Monga, Vipal. “Dim Sum Bond Issuance Surges.
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101. China to replace the USD: Barris, Michael. “Replace Dollar with
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102. Warren Buffett: Dolan, Kerry, and Luisa Kroll, eds. “The World’s
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103. Buffett on Bonds: Warren, Buffett. “Warren Buffett: Why Stocks
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104. Bloomberg on Buffett: Tracer, Zachary, and Noah Buhayar. “Buffett
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105. Normalcy Bias: The United States of America. U.S. National Library
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106. Biggs Book: Biggs, Barton.Wealth, War, and Wisdom. Hoboken, NJ:
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107. Katrina Casualty Stats: CNN Library. “Hurricane Katrina Statistics Fast
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108. Food Stamp Info: Plumer, Brad. “Why Are 47 Million Americans on Food
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109. American Spending: “More in Debt than Uncle Sam.”MSNMoney.
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110. Household Debt: Mutikani, Lucia. “UPDATE 2–U.S. Household
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111. Average Credit Card Balance: Hamm, Trent. “6 Ways to Pay Off Credit
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112. Income going down: The United States of America. United States Census
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113. How Gv’t Calculates Unemployment: The United States of America.
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114. Disability Information: Joffe–Walt, Channa. “Unfit ForWork.” The startling
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115. West Virginia Disability: The United States of America. U.S. Social
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116. Disability Information: Joffe–Walt, Channa. “Unfit For Work.” The startling
rise of disability in America.Unfit for Work: The Startling Rise of Disability in
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117. CNBC Unemployment Figures: Berkowitz, Ben. “Chart of the Day: The
Real Unemployment Rate?” CNBC LLC, 10 Jan. 2014. Web.

118. Civilian Labor Force Participation Rate: “People Not In Labor Force
Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels.” Zero
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119. American Airlines Job: Strassmann, Mark. “Thousands Apply for American
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120. Walmart Jobs: Altner, Doug. “Why Do 1.4 Million Americans Work At
Walmart, With Many More Trying To?”Forbes. Forbes Magazine, 27 Nov.
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121. Paul Otellini Quote: Silicon Valley Leadership Group.Policy Recommendations
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122. T.J. Rodgers Quote: McCullagh, Declan. “Intel CEO: U.S. Faces Looming
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123. Global Corporate Tax Rates: “Corporate Tax Rates Table.”Tax Tools
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124. History of AAA Ratings: Pender, Kathleen. “Steep Drop in Triple–A
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125. An impossible debt crisis: Krugman, Paul. “Be Ready To Mint That
Coin.”NY Times: The Conscience of a Liberal. The New York Times
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126. Bitcoin Volatility: Worstall, Tim. “Bitcoin, Litecoin, We’re Well Into South
Sea Bubble Territory Here.”Forbes. Forbes Magazine, 28 Nov. 2013. Web.

127. More info on H.R. 2847: “FATCA SUMMARY.”Fatca. Thomson
Reuters, 2011–2013. Web. <>.

128. Post FATCA Reports 1: Fallows, James. “The Fatca Menace!” The Atlantic. Atlantic Media Company, 02 Jan. 2012. Web.

129. Post F/ATCA Reports 2: M, John. “FATCA ETC.” Message to [email protected] 23 May 2014. E-mail.

130. Gold Confiscation: “U. S. Government Confiscated Gold and Other
Gold Facts You Should Know.”Yahoo Finance. Yahoo! Inc, 29 Aug.
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131. Gold Confiscation 2: Ash, Adrian. “Governments Still Heavy–
Handed 80 Years After FDR’s Gold Confiscation. “Forbes. Forbes
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132. Nationalizing 401(k): “Targeting Your 401(k): Congress Has
an Eye on the Tax Break for Your Retirement.”The Wall Street
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133. Opening Foreign Bank Accounts: “FATCA.” What is FATCA
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134. IMF and “Positive Net Wealth: “Taxing Times.”Fiscal Monitor
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135. Soros and Gold: Nair, Smita. “Why Did George Soros Buy a
Position in Barrick Gold in 4Q 2013?”Yahoo Finance. Yahoo! Inc,
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136. Einhorn and Gold: “CNBC Exclusive: CNBC Excerpts: Greenlight
Capital Co–Founder David Einhorn Speaks with CNBC’s “Fast Money
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137. Paulson and Gold: Roy, Debarati. “Billionaire Paulson Sticks
With Gold Wager as Prices Rebound.” Bloomberg,
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138. Gross and Gold: Ro, Sam. “BILL GROSS: I Would Buy Gold
Here.”Business Insider. Business Insider, Inc, 15 Apr. 2013. Web.

139. Silver to Gold Ratio: “The Gold–to–Silver Ratio: What Is It
and Why Does It Matter?”Bullion Investment. Provident Metals, n.d.
Web. <–center/gold–to–

140. Silver over Gold: Sprott, Eric. “Why Are (Smart) Investors
Buying 50 Times More Physical Silver than Gold?” Sprott Global
Resource Investments, n.d. Web. <–

141. Silver and Gold Trends: Saur, Paul. “The “Optimum” Gold
/ Silver Ratio | Rapid Trends – Gold and Silver Bullion.” Web log
post.Rapid Trends. Rapid Trends – Gold and Silver Bullion, n.d.
Web. <–optimum–gold–silver–ratio/>.

142. Weber’s Prediction: Carr, Matthew. “Why Silver Might Go Higher
Than You Think.”Investment U. The Oxford Club, LLC, 11 Apr. 2011.
Web. <–silver–might

143. Lee Lowell Quote: Lowell, Lee. “Put Option Selling: Get Paid to
Buy the Stocks You Want.”Investment U. The Oxford Club, LLC, 7
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144. James Stewart Quote: Stewart, James B. “In a Volatile Market,
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17 Dec. 2008. Web. <>.

Books and Other Resources:

Biggs, Barton.Wealth, War, and Wisdom. Hoboken, NJ: John Wiley & Sons, 2008. Print.

Ferguson, Niall (2013–06–13). The Great Degeneration: How Institutions Decay and Economies Die (Kindle Locations 542–544). Penguin Group US. Kindle Edition.

Fergusson, Adam.When Money Dies: The Nightmare of the Weimar Collapse. London: Kimber, 1975. Print.

Hazlitt, Henry.What You Should Know about Inflation. Princeton, NJ: Van Nostrand, 1960. Print.

Murray, Charles A.Coming Apart: The State of White America, 1960–2010. New York, NY: Crown Forum, 2012. Print.

Rickards, James.Currency Wars: The Making of the next Global Crisis. New York: Portfolio/Penguin, 2011. Print.

Sherwood, Ben. The Survivor’s Club, New York: Grand Central Publishing, 2009. Print.

Stossel, John.Myths, Lies, and Downright Stupidity: Get out the Shovel–– Why Everything You Know Is Wrong. New York: Hyperion, 2006. Print.

Sykes, Charles J.A Nation of Moochers: America’s Addiction to Getting Something for Nothing. New York: St. Martin’s, 2012. Print.

Weber, Chris.The Weber Global Opportunities Report(n.d.): n. pag. Print.

White, Andrew Dickson.Fiat Money Inflation in France; How It Came, What It Brought, and How It Ended. New York: D. Appleton–Century, 1933. Print.

Wolf, Naomi.The End of America: Letter of Warning to a Young Patriot. White River Junction, VT: Chelsea Green Pub., 2007. Print.

Complete Original Testimonials of Quotes Used in Promotion:

#1. Aric G

Received: Sat, Mar 3, 2012 at 1:13 AM

Text: Mr. Porter Stansberry,

I have purchased several of your products and am now an Alliance Member. I decided to leave my six figure job this year having built up a decent nest egg. As a result, I have been trying different products and have been learning how to use the tools you have provided to help me go from a good investor to a really good investor. I must say, my favorite service is Retirement Trader with Dr. Efrig. I do use his recommendations for the most part, but have also used puts as a strategy on other stocks I believe are already undervalued. This has allowed me to make lots of premiums from other stocks I have learned about from your Extreme Value service like C&J Resources, a natural gas fracking company among other things. This company is growing extremely fast, with more growth to come and it is only trading at 6.5 times (trailing) earnings despite having no debt. Compared to the social media stocks trading at 1500 times earnings that will never be worth what the stock is currently selling for, this is a great value.

However, by selling the puts, I am setting myself up to buy the stock at 5–6 times earnings if it is put to me, and if it isn’t, I keep the nice premium. I am averaging over $10,000 per month in put premiums alone since I started in November.

The next thing I will learn is corporate bonds. I plan on doing a test with that service soon. Thank you for helping me understand there are great ways to make money without even buying the stocks outright. Out of about 45 puts I have sold, I have been put three stocks. Two of them I am up more than 20% and the third one just happened, but I believe I will come out ahead in the end. Thanks again for teaching me about puts. Also, I always enjoy your Friday digest.


#2. Dave R

Received: Tue, Mar 24, 2009 at 7:24 PM


Hi Porter

I have never used option trading before, but since learning about this through your newsletter, I have sold 13 puts and have pocketed close to $90,000 without putting any money up. I already have stocks in my account which I was able to margin against. (This has helped offset the decrease in value of most of them). I also sold two calls against stocks I already own.

I did not always use the trades you recommended. I sold puts on several stocks I would have bought at the depressed price they were at, so I was paid to become obligated to buy them if they drifted even lower. So far only one of the stocks is “in the money”. None of the others are even close to being put to me to buy.

I have a feeling I will be using these techniques for years to come.

Dave R



#3. Betty H.

Received: 10/15/2009


Dear Mr. Porter – In regards to your question about the Put Strategy. I am a new trader (about one year) and I have not been to smart in my trading decisions until you and Jeff Clark introduced me to the put options and the call options. This is the only way I have made any money at all. I have kept my option trading very small and that way I can not lose a lot of money. My winnings have also been small but $100 per day is not such a bad way to make money. I have also learned so much about options and I’m sure that there is a lot more to learn. I did my first short the other day with ACC but I sold it as ACC started going back up and I wanted until too late to sell it but I still made $48 which is better than losing. My biggest problem is knowing when your put report and jeff’s report is coming out. I thought Jeff’s report was to be Tuesday after the market closed but somehow I missed it and by the time I could do the trade it had jumped too high. Thanks a million for your easy reading on how to trade by telling us to sell short, or to sell to and so etc. Maybe in the future as I feel more comfortable with option trading I can invest a larger amount and therefore make more. Thank you – B in Tennessee

#4. Henry W.

Received: 2009

Text: In answer to your questions, I have been very pleased with the results.

1)I have made a number of trades with the following results:

20 MAC $20 3/09 –$4,705 (bought to close on 2/10)

30 MCO $15 1/09 +$5,890 (expired)

50 NLY $10 1/09 +$5,832 (expired)

50 YHQ $10 1/09 +$6,132 (expired)

50 MGM $10 1/09 –$1,085 (bought to close 12/12)

I also sold calls on MAC at the same strike and expiration as the puts. I bought back the calls in Feb. for a profit of +$8,925. I calculate I’ve netted $21,619 in a comparatively brief period. Frankly, this activity has kept me afloat. It is also enjoyable although more labor intensitive than what I’d been doing.

2) Never did options before at all. It has been a valuable learning experience.

3)I believe you’re making the market in some of the options you recommend, which makes it difficult to get in under the price limit. I appreciate your comments on going out in time or changing the strike price. I did get burned a bit on Macerich, but I blame myself, not you. They made their dividend and were also able to refinance in January, so I bailed. I’m sure they’re cooked, but I also thought they would likely keep their ship afloat until March. Had I been more patient, I would have come ahead on both MAC transactions. When I explored shorting them outright, there were no shares available.

4) I find it much more useful than other advisories with the possible exception of Jeff Clark’s Short Report.

Keep up the good work!

#5. Tommy H.

Received: 3/12/2009


The Put Strategy Report has saved my portfolio. I follow it to the letter (and now also PSIA since I’m an Alliance member and Porter is hot these days!) I have some experience trading options and these ideas are solid. Keep them coming Porter!

#6. Howard T.

Received: 7/14/2007

Text: I became an Alliance subscriber sometime in 2003. Since that time my IRA has gone from a low of $315,000.00 to the present high of $952,000.00. I have taken out during that time a total of $86,000.00. And I realize that I am a small fish in your sea of subscribers. I have learned a lot from your editors. I don’t trade as much as I used to, and I‘ve benefited from the trailing stop loss that I learned from your editors. Presently I’m in commodity stocks, mostly. I profited a lot from your IMMR recommendation. IMMR is currently my largest holding at $62,000.00. And I sold half of my position last June. It is kind of fun to speculate in Matt Badiali’s prospect generators. I have benefited from my belief that the dollar will continue to depreciate. My biggest problem seems to be the deluge of information that I get from all of your investment letters. I just don’t have the time to read all of it. You have expanded quite a bit since 2003. I don’t have enough money to invest in all of your recommendations. For awhile the plethora of information kept me trading all the time. I think I have a wonderful problem, and I can only thank your editors for changing my life so much. If you print this letter, please don’t use my name. I live in a retirement community and I suspect there are multiple subscribers to your letters here. I don’t relish being the talk among my peers.

Howard T.

#7. Donald K

Received: Tue, Jul 10, 2007 at 6:44 PM

Text: I have been an S&A Alliance member since it was first offered. I believe it to be one of the best decisions I have ever made. The investment advice gleaned from Steve, Dan’s and Porter’s advisories made me a better, more knowledgeable investor. Since joining, myportfolio has grown by several hundred thousand dollars. Subscribing was a no–brainer – imagine having access to all the advisories for life at a cost that was covered by less than 4 trades! I look forward to a long and prosperous relationship.


Donald K.


#8. Mervyn P

Received: Thursday, February 03, 2005 5:18 PM

Text: Elyssa I trust you are still working for Porter Stansberry and Associates. It was through your communication link I decided to join the ‘Alliance’ when it was launched in 2003. I thought I should write a letter of appreciation (unsolicited – the best kind) to the publishers at the ‘Alliance’.

I was one of the early people to join the Alliance when it was referred to as the Pirate Alliance. For a small investor like myself it was a big deal to spring for something more costly than a simple newsletter. Being from Canada there was the foreign exchange rate, plus this was new, it required some faith to give it a try.

That was then. Today I am convinced that Porter Stansberry, Steve Sjuggerud, Brian Hunt, Dan Ferris are an honest group of hard working men bringing value to the reader. New people like Ray Rivera, Graham summers, and D.R. Barton have joined in and are providing excellent quality research. Are they ever wrong? Sure, but their record is trustworthy, they recommend the safety stops you should use with the recommendations. I was working long hours with overtime to make a living when I joined the service. The excellent results have allowed me to retire early and make the same or better living following the advice Stansberry and Associates. A Thank you to the entire team.

#9. U.R.

Received: Jun 11, 2009 at 11:25 AM

Text: Hey Porter!

Don’t get me wrong I love a nice truck too, almost as much as a nice boat and your awesome PUT STRATEGY.

We took delivery of her 3 weeks ago and are cruising the Bahamas. In October we will take her through the Panama Canal over to the Pacific side since I just bought a home in Mexico, in part due to your and Doug Casey’s recommendations.

My wife and I would love to meet you and Steve since we may have a lot in common.

I guess this was your standing invitation to come visit anytime. I am German by origin and when I invite someone I really mean it.

We are here until August 15th when the boat will go in the shipyard for some general maintenance.

I will also try to make it to your next annual Alliance conference.

Included is a pic of my second favorite girl.

UR and JR

PS: I really have been making a small killing with selling your puts!!!