Oh, yes, The End. We have covered the lunatic fundies of
Rapture Ready rather extensively. Frank Porter Stansberry is not one of them; but Stansberry
is a financial publisher, author and founder of Stansberry & Associates
Investment Research, as well as the guy behind a viral 2011 video called “End
of America”, the theme of which is precisely as silly as the medieval
theological ruminations of Harold Camping,
even though it (arguably) avoids overt appeals to supernatural elements in its
endtime predictions.
Stansberry’s brand of (lack of) reasoning has, predictably,
endeared him to a certain type of people, and he has made appearances on Alex Jones’s InfoWars as well as frequent contributions to the WND. At
the latter site he claims,
for instance, that Obama will violate the 22nd Amendment and win the
2016 election. How? Because mystical “forces” backing Obama will unleash an
economic boom the likes of which we’ve never seen, making millions of Americans
much wealthier and improve the standard of living for everyone in the country (despite
his claim that we are also headed for
a big crash),
thereby making “an idol” of President Obama and allow him to “redraw the rules
that govern the presidency” to seek “unlimited power” and become “a tyrant
unlike any other in American history.” Yup, coherence is a commie conspiracy.
And there are people who actually listen to him.
He also uses slurs to describe homosexuals,
but that’s apparently ok since he’s got lots of gay friends.
Stansberry is most famous, however, for his “financial advice” (covered in some more extent here),
which is the type of advice that got him in legal trouble,
in 2003, for a “scheme to defraud public investors by disseminating false
information in several Internet newsletters.” In 2007, he and his investment
firm were ordered by a U.S. District Court to pay $1.5 million in restitution and civil penalties
(the court rejected Stansberry’s 1st Amendment defense; the Amendment does not
protect deliberate lying for commercial gain).
Diagnosis: All the subtlety and integrity of a spambot. Yet
despite Stansberry’s impressive lack of connection to reality and truth, he’s
got (it seems) something of a fanbase.
I just listened to one of his diatribes. And I am puzzled by following:
ReplyDelete- He does not exist in public records as a person.
- the only info one can find on the net about him is he founded Stansberry Research in 1999 and went to University of Florida 1994-1998! but is that true?
Which makes me question if he exists, or he is made up entity?
Why no one has investigated this guy yet (Who did SEC fine and how in the case?
I believe he was complicit in the murder/death of Rey Rivera, recent subject of Netflix’s Unsolved Mysteries. The moment Rey’s body was found, Frank Porter Stansberry ordered his entire company to not talk to the authorities. Sketchy!
ReplyDelete