There's a video being sent around the Internet (and advertised on radio) about the doom predictions of Porter Stansberry and his prescriptions for protecting yourself financially.
The video is here. I'm not endorsing Mr. Stansberry's views. As bad as our debt crisis is, my view of the likely outcome is not as extreme as Stansberry's. And he makes some silly errors, like attributing gasoline being cheaper in the U.S. than elsewhere to the fact that the global oil trade is priced in dollars rather than lower U.S. taxes and a more competitive retail gasoline market. Despite these shortcomings, though, the video is excellent at illustrating the magnitude of our debt problem.
The video is very long. For those who have a short attention span or a busy day, you can access a text version by clicking to the site, then leaving the site (e.g. by typing www.google.com in the browser bar). A warning will pop up about leaving the site, and if you click Cancel, you'll be able to read the text version.
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