European Crisis Likely To Impact Americans

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Europe is heading straight for the financial garbage heap.

“If I were you, I’d be terrified.”

That was Porter Stansberry’s response to a questioner, after Stansberry gave a heart-stopping presentation on the worldwide debt crisis at a recent conference.

Porter is the author of “The End of America,” a jeremiad that has been read or watched by more than 20 million people, including a lot of subscribers to Personal Liberty Digest™, to which Stansberry is a frequent contributor.

Stansberry was the keynote speaker at a conference in Baltimore sponsored by the Project to Restore America, which he founded. I served as master of ceremonies. Somehow, I managed to get a corner room high in the Baltimore Marriott Waterfront, where I had some of the most fantastic views I’ve enjoyed in a long time. I even saw fireworks explode over the city on Saturday night.

They were a fitting companion to the fireworks at the conference. Stansberry spelled out all the reasons why Europe is heading straight for the financial garbage heap. He said an economic collapse in Europe would almost surely drag the United States down with it. As evidence, he cited the fact that U.S. money market funds have invested more than $500 billion — almost one-third of their total holdings — in European paper. “They’re selling it as fast as they can,” Porter told the audience. “But what happens if a big enough chunk of that money becomes worthless?”

That was when a member of his audience asked Porter if he should be worried about all of this. An incredulous Porter replied, “Did you listen to my speech?” Then he said, “If I were you, I’d be terrified.”

Great. One more thing to add to the worry pile.

Stansberry offered advice on how to survive the disaster that is coming:

  • Get out of debt. Don’t owe anything to anyone: banker, neighbor, friend or family member.
  • Own gold — as much as you can afford — and some silver, too.

The Project to Restore America has just three goals: to restore sound money, to demand a balanced budget and to limit how much of your money government can take from you. If you would like to learn more and sign up for the free daily emails, you can do so here.

The Conference’s Most Enjoyable Surprise

Quick: Who was the first person to officially become a candidate for President of the United States this year?

I’ll give you a hint: You’ve probably never heard of him. And here’s a second hint: I introduced him at the conference. The crowd was absolutely delighted with his pro-freedom, anti-government-meddling remarks.

In my introduction, I mentioned that a lot of people were upset by how little time Ron Paul was getting in the Republican debates: 89 seconds in the 90-minute debate that CNN sponsored. “That was 89 seconds more than our next speaker got,” I told the crowd. “All of the networks (yes, even Fox) have rigged the rules to keep him off the platform.”

The candidate is Gary Johnson. He is a two-term governor of New Mexico. While he was in office (1995-2003), he vetoed 750 spending bills from the Democrat-controlled State Legislature. When he left office, the State had balanced the budget for four consecutive years.

If you want a President who is physically active, Johnson is your man. He is a five-time Ironman triathlete. He has biked across the Alps. And he climbed Mount Everest with a broken leg — and no medication.

He may not be the most passionate speaker you’ve ever heard (even his admirers admit he is sometimes a little dull). But he’s got some great one-liners, including, “My neighbor’s dog has created more shovel-ready projects than Barack Obama.”

Why aren’t you allowed to hear him in the Republican debates? Obviously, the powers-that-be have decided that you’re allowed to hear from only one Libertarian candidate this year.

I’m not saying I’m about to go door to door in my neighborhood campaigning for Johnson or that you should, either. But I am saying that he shouldn’t be muzzled. He deserves to be heard.

The best article I’ve read about Johnson was the profile, “Is This the Sanest Man Running for President?” that appeared in the September 2011 issue of GQ Magazine.

If you read the article, I think you’ll be more convinced than ever that our lying national media are almost as big a threat to our freedoms and our future as our government.

That’s why supporting alternative media like Personal Liberty Digest™ is so important. I’m not exaggerating when I say that the fate of our Republic could depend on it.

What are you doing to help spread the word?

Until next time, keep some powder dry.

–Chip Wood

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.