Why Can't Atheists be Real Americans?

WorldNetDaily founder and editor-in-chief Joseph Farah discusses religion and fraud at HSBC.

Aaron Brabham:         Welcome to another episode of Stansberry Radio. I'm Aaron Brabham, joined by my cohost Porter Stansberry. Porter, you were laughing all the way up the stairs, I can't wait to hear about that.

Porter Stansberry:      I'm a new man. I've decided to give up on all my cynicism and hate, and I'm just going to be puppy dogs and roses and completely politically correct from here on out. I won't even laugh over guests anymore.

Aaron Brabham:         I don't believe it. Today, we're interviewing Joseph Farah. Joseph is the founder and editor-in-chief of one of the largest and most popular Internet news services in the country WorldNetDaily. Looking forward to getting some insights from him.

Porter Stansberry:      I can't do it. I have to go back to being myself.

Aaron Brabham:         Yeah, thank you, good, because it was going to be a horrible radio show. All right, so tell our listeners what are you laughing at?  I need to know.

Porter Stansberry:      I'm laughing because I just – in my line of work, I could not make up this stuff that people with billions of dollars actually do. It's comical the decision-making process of so many people on Wall Street and in big business. And I'm laughing at the attempt of the turnaround at JC Penney. And I'm laughing because there were so many signs that this was going to be a fiasco. And then you – and then I've watched, and I've seen what the people have actually done, and I just can't believe it.

So, let me give you a little background. One of the very first newsletters I wrote back in 1998, 14 years ago, was Why You Should Sell Sears Short, and believe me, I got tons of hate mail. What?  Selling Sears?

Aaron Brabham:         People love Sears.

Porter Stansberry:      I've been buying tools from Sears for 50 years. Exactly, buddy.  You've been buying tools from Sears for 50 years. But guess what?  No one my age shops there. No one. I didn't know anyone that went to Sears or JC Penney, and the entire department store model was getting hollowed out. You had Walmart at the bottom taking all the cheap customers and wiping out Kmart along the way.

Aaron Brabham:         You've got Target for the upper end.

Porter Stansberry:      And then at the upper end you had Target. And also you had really good department stores like Nordstrom's that delivered a very, very high level of service that JC Penney could not compete with and neither –

Aaron Brabham:         You could return your tires there, and they'd take it.

Porter Stansberry:      Yeah, neither could Sears. And so, I watched this change in retail happen. And then, of course, in 1998, I was also shopping at Amazon. Not many people were then.

Aaron Brabham:         No.

Porter Stansberry:      But I was, and now I'm almost to the point where if I can't buy it on Amazon, I don't buy it. I'm sure as heck not driving all the way up to White Marsh to go to JC Penney to buy a shirt. No way.

So, when – I don't know. How long ago?  Maybe a decade ago now, a big hedge fund name on Wall Street, Eddie Lampert, decided to buy Sears, and I thought this guy's lost his mind. And his plan was to turn it into a hedge fund essentially, and he's gone about that process. He keeps borrowing more money and buying different investments.

Aaron Brabham:         And you guys have written about that.

Porter Stansberry:      Yeah, but the core business is –

Aaron Brabham:         Still the same.

Porter Stansberry:      – in utter decline.

Aaron Brabham:         Right.

Porter Stansberry:      It's collapsing around him, and he's trapped in it. And so, I'm thinking, let's say you're a billionaire hedge fund manager, Aaron. You look over. You see the Sears deal. You see Eddie Lampert struggling. You see the stock has gone from $200.00 to $50.00 or something like that. Maybe you think, not a good idea. Maybe you think, you know what, Eddie Lampert's one of the smartest guys that ever came out of Goldman. If he's having trouble turning Sears around, maybe I should stay away from JC Penney.

Aaron Brabham:         A lot of smart guys have come out of Goldman that have ruined their careers afterwards, so I'm a little leery of that these days.

Porter Stansberry:      Anyway, that's not what happened. The guy who runs Pershing's Square decides he's going to pile into it, buys 15-20 percent of the stock, puts billions into it. And what happens next, you guys, is why I was laughing so hard this morning, because I was digging into what they'd actually done wrong. And it turns out he hired the guy to run JC Penney, the guy – because he was the guy who built all the Apple stores. So, you've been in an Apple store, right?

Aaron Brabham:         Apple's nice and clean, great service, people everywhere.

Porter Stansberry:      So, Apple has the hottest tech product ever.

Aaron Brabham:         By far.

Porter Stansberry:      So, whatever store you built from them –

Aaron Brabham:         Wouldn't matter.

Porter Stansberry:      – it's going to do great. Plus, it's incredibly modern and open, and it's serviced by a bunch of teenagers who are great with widgets and –

Aaron Brabham:         It's the complete opposite of JC Penney and Sears.

Porter Stansberry:      Totally the opposite, right?  So, JC Penney has lots of marginal locations in small towns all across American.

Aaron Brabham:         And by marginal, you mean bring-your-own-gun marginal.

Porter Stansberry:      And marginal, I mean I can't imagine going to any of the stores in Baltimore.

Aaron Brabham:         No.

Porter Stansberry:      So, they sold the deal as that they were going to make money by selling off the real estate, and they were going to transform, the brand, the stores and keep some of them. Well, the real estate's not worth anymore, because I don't know if you know this or not, but big box retailing, not going so well right now. Ever heard of a company called Best Buy?  Ever heard of a company called Circuit City?  Big name best – big box retailers.

Aaron Brabham:         Once again, Amazon.com.

Porter Stansberry:      Yeah, not doing so well, right?  So, these guys pile into all this really overvalued real estate, and then to turn the brand around, they hired the guy who built the Apple stores, as far away from their core customers they could be. Now here's where it gets even better.

Then they hired the guy who did the merchandising at Target, because they figure, hey, he's got to know what to sell these folks. He's got to be able to turn it into a hit brand. So, his big idea is to hire Ellen DeGeneres as their spokesperson to be the face of their new brand.

Aaron Brabham:         What does – I don't want her style ever.

Porter Stansberry:      Well, I don't know about her style, but she is openly a lesbian woman.

Aaron Brabham:         She is. She has huge audiences. She has huge draw. There's no discounting that.

Porter Stansberry:      Nothing wrong in my opinion with being a lesbian woman.

Aaron Brabham:         Not at all.

Porter Stansberry:      It's fine with me. We have something in common. I like women. You like women.

Aaron Brabham:         That's right.

Porter Stansberry:      It's great.

Aaron Brabham:         I can see their point of view.

Porter Stansberry:      Yes, I understand. But maybe the women of middle America that shop at JC Penney, not quite bonding with Ellen the way maybe they would've with, say, I don't know, maybe Oprah or someone anyone else, right?  So then, then it goes even further. Then they put a real life lesbian couple with children in their catalogue.

Aaron Brabham:         I've got to see this catalogue. I mean, they are really niching this out, aren't they?

Porter Stansberry:      So, if you're trying to alienate Middle America, could you do any better?

Aaron Brabham:         They're doing a good job.

Porter Stansberry:      So, sales are down 20 percent in a year.

Aaron Brabham:         Shocking.

Porter Stansberry:      How's that going for them?

Aaron Brabham:         I would say not so well.

Porter Stansberry:      Now here's the kicker. And again, you just can't make stuff up. These guys thought a good idea would be to form a strategic partnership with Martha Stewart.

Aaron Brabham:         And how'd that work for her – where was she at?  She was at –

Porter Stansberry:      She was the key to the turnaround at Kmart as well.

Aaron Brabham:         Kmart, that's right.

Porter Stansberry:      About two months before their bankruptcy. So, she took $25-$30 million of their money, and they all went bankrupt. And now, now she's at JC.

Aaron Brabham:         Man, these people, these managers, they just don't get it, the people running this company. It's not looking good.

Porter Stansberry:      What I love about all this stuff is, my job should be pretty hard. But when you've got guys like this in the room, it's pretty easy. And Warren Buffett called this 30 years ago. He said, when a bad business meets a manager with a great reputation, it's usually the business's reputation that remains intact. You know, if you want to be a great manager, start with picking good businesses.

Aaron Brabham:         Yeah. Don't – they couldn't be so far removed than getting the Apple store creator, getting the Target brand, going with the lesbian spokesperson, and Martha Stewart. Man, it seems like they're set up for failure.

Porter Stansberry:      Strike one, strike two. And here's the latest, of course. The guy who was the merchandising chief from Target, he quit.

Aaron Brabham:         Okay. Because he was like, "It's pretty much hopeless here."

Porter Stansberry:      Yeah, but they gave him a $12 million signing bonus six months ago.

Aaron Brabham:         Well, of course. Why wouldn't they?  Sure.

Porter Stansberry:      So, he walks away with $12 million.

Aaron Brabham:         Like a coach, comes in and gets his signing bonus and out of there for something else. Unbelievable.

Porter Stansberry:      Honestly, I don't –

Aaron Brabham:         So, would you say it's fair to say that this is going to zero at some point?

Porter Stansberry:      I'm not there yet. I'm not there yet.

Aaron Brabham:         Okay.

Porter Stansberry:      They have lots of assets to sell. I just don't – I don't know yet what the residual franchise value will be if anything. And I can just tell you it's probably not work what they paid for it. And I honestly don't think these guys could manage a hotdog stand. I really don't.

Aaron Brabham:         And it reminds me of Sears having their – the exclusive Kardashian line. Because like we talked about, Sears, I think of guys going in with overalls buying their tools.

Porter Stansberry:      I think of guys getting ripped off for tires and alignments they don't need.

Aaron Brabham:         Well, that's a fact. I've been in one of those service centers one time, and I never went back, because they found 19 things wrong with my car and every reason why they should fix it. No, staying away from the Sears.

Porter Stansberry:      Oh gosh.

Aaron Brabham:         All right, Porter. Well, it's time for our guest. Let's go to Joseph Farah.

Porter Stansberry:      Hi, Joseph.

Joseph Farah:             Hey, how are you?

Porter Stansberry:      Good. This is Porter Stansberry. Thanks for joining us.

Joseph Farah:             Nice to be here.

Porter Stansberry:      Hey, listen. Let me start out by saying congratulations on building WorldNetDaily. That's a heck of a business.

Joseph Farah:             Well, thank you. Yeah, it's almost like everything in my life led up to this project. So, all the experience I had for years in the newspaper business and other media. It's like God put me in the right place at the right time, and I know what I'm going to be doing for the rest of my life.

Porter Stansberry:      Well, thank God Al Gore invented the Internet or you and I would both have something – we'd both be in different lines of work.

Joseph Farah:             You got it.

Porter Stansberry:      I'm here with my cohost Aaron Brabham.

Aaron Brabham:         How you doing, Joseph?

Joseph Farah:             Hey, good to be with you.

Porter Stansberry:      So, we've got a couple questions for you. Our normal thing is to throw three tough ones at you and get the conversation started. What have you got for him, Aaron?

Aaron Brabham:         All right. Recently, you wrote "Why Atheists Can't Be Real Americans," in response to Pastor John Hagee's YouTube video.

Joseph Farah:             Boy, you're really starting out with the toughest one, because that was something I'd been thinking about for a long, long time. And it's one of – it's really treading on dangerous territory when you say people can't be real Americans because of their belief system. But here's what I mean. America was founded on a unique principle, really on a unique creed, and it was that we're endowed by our Creator with certain unalienable rights, among those are life, liberty and the pursuit of happiness.

We all hear those words, but we really have to understand what those mean. And the fact is that those words mean that our rights do not come from government. They don't come from popular opinion. They descend from God, those unalienable rights.

Now, I ask myself, in light of what Pastor Hagee said in his very controversial statement, is he right?  How does a nonbeliever, somebody – and I'm not talking about denominations or you know, but somebody who doesn't believe that there's a God in the universe governing everything. How do you accept the fact that there are unalienable rights?  And I can't answer that question.

And so, therefore I came to the conclusion that John Hagee is right. That in order to be an American in the truest sense of the word, somebody who believes that creed that we're accountable to a God in the universe, not to government, I just don't know how you'd get there as an atheist. And so, therefore that's – I think Hagee has a point.

Aaron Brabham:         Was that God playing music in the background?

Joseph Farah:             It actually was, as a matter of fact.

Aaron Brabham:         Because you almost made me start believing.

Joseph Farah:             You know what that was?  For some reason –

Aaron Brabham:         I have no idea. But if that was divine intervention, I want to know right now.

Joseph Farah:             For some reason, what started playing on my computer for no reason at all, because you're supposed to have to click on it to get it to trigger, was an ad for a new DVD that we have out there called the Isaiah 9:10 Judgment which is about this very subject. And so, there you go. I didn't do it. An act of God.

Aaron Brabham:         Maybe, we'll leave it at that.

Porter Stansberry:      Well, I just have one question about all this. Because I just wonder, when you say that, I'm assuming that you mean the God of the Bible, but –

Joseph Farah:             Well, that's what I mean. That's the God I serve. But I'm willing to be – I'm willing to take a very liberal view here and say that if you serve a god and you believe that that god is the one that provides you with these unalienable rights, because I think that the founders had a pretty broad view of this. I mean, they were from all over the map religiously. A lot of people think some of these guys were deists and some of them were nonbelievers. But in point of fact, if you are a deist, you can't believe that you're accountable to a god that is not involved in the world today.

And so – but I – look, I'm – I think that the key is here we can all have different beliefs and still be Americans as long as the common denominator is that we believe we're accountable to a God who's provided us with these unalienable rights. If we don't believe that, how can we be Americans in the truest sense of the word?  How can we accept that creed, the Declaration of Independence that our founders gave us?

And therefore – and I'd like – really, this was directed to atheists to think about. And I'd like to hear answers from them. Can they tell me how they see themselves as Americans when that's the very foundation of what this country stands for?

Porter Stansberry:      Well, I think you're wrong on two counts. So, I think first of all the historical record is very clear that the vast majority of the founding fathers thought of religion as superstition and that they believed in a clock-making god in the sense of the way we now understand science or physics. And there's plenty of historical documents and writings from Thomas Jefferson and Benjamin Franklin and all these guys that would indicated that they did not see God in the same way that you're describing at all, and they are the founders of our country.

Also, a lot of the guys that they studied, like John Locke, and a lot of these people, were explicitly atheists. So, I think there's a flaw, a major flaw, in your argument, because the founders of our country were not religious in the sense that you mean whatsoever.

Joseph Farah:             Well, you can say –

Porter Stansberry:      And they specifically addressed the issue by separating forever church and state. So, that doesn't hold any water with me. But the more important argument I would make, because we can go back and forth, because sure, some of them were religious but most of them weren't. But the biggest issue I have with what you're saying is that you're saying that one construct of man, which is the Bible, is so vastly more important that you cannot believe in another construct of man, which is the Constitution, at the same time. And that simply is illogical. Both are constructions of men. Neither was made of God, because God does not exist in the universe in the way that you mean.

As a lot of us say, God doesn't whisper in my ear. And the simple way I know that is by pointing out that Jesus didn't tell us about antibiotics. So, if God was all-knowing and all-powerful and was embodied in Jesus Christ, then he was a really mean son of a bitch not to tell us of these things a long time ago. And that, of course, is a funny way of pointing out that there is no true revelation in the Bible. It's a construct of man.  It's a historical document that reviews nothing beyond what was known commonly at the time. Likewise with the Constitution –

Joseph Farah:             ________ I mean – well, you're throwing lead at me. But I'll tell you, God didn't tell us – Jesus didn't tell us about antibiotics, because we wouldn't have needed them if we followed his advice. Sickness and illness –

Porter Stansberry:      That is spectacular. That's spectacular. So, you're saying that –

Joseph Farah:             That's just the reality.

Porter Stansberry:      So, you're saying that babies who are born with a bacterial infection, we should go ahead and let them die because if they –

Joseph Farah:             It would never have happened if mankind followed the laws of God. That's what the Bible says.

Porter Stansberry:      So, you're – now, you're going to – not only are you denying the fact that the Constitution is a work of man like the Bible is a work of man, but you're now also saying that science doesn't exist outside of the realm of those who are religious.

Joseph Farah:             No. Sure, science is – God invented science. I mean, he invented the laws of the universe, and they work a certain way. And they cease to – they malfunction – they began to malfunction when sin was entered into the world.

Porter Stansberry:      Okay. So, we're not – because we're not following the precepts of the Bible, we have been – original sin. We have been sentenced to Earth from the Garden of Eden and all that comes with it, including bacteria.

Joseph Farah:             That's right. And that's why Jesus was able to heal thousands of people in his ministry on Earth simply by starting to make things right again.

Porter Stansberry:      So, according to you then, our children have to deal with sickness and we have to deal with disease, because we're not following all the precepts?

Joseph Farah:             We're all going to deal with sickness until we get it right again.

Porter Stansberry:      Okay. So, one of the things we'd have to get right then is following what the Bible says, right?

Joseph Farah:             What's following what the Bible says?

Porter Stansberry:      Well, if we were going to get it right, what you mean is following the precepts of the Bible.

Joseph Farah:             That's right.

Porter Stansberry:      Because you said the Bible is a divine document, it's from God, and that we have to follow it.

Joseph Farah:             Yes, uh-huh.

Porter Stansberry:      So, what about the part in there that says if you are a man and you have sex with another man that you should be killed?

Joseph Farah:             Yeah, that was specific – that was a specific piece of commandment for a specific time to a specific people.

Porter Stansberry:      So, God didn't really mean that in Leviticus 20:13?

Joseph Farah:             He meant it. And in fact, I would suggest to you that it probably was – it never had to – there's no record in the Bible of it ever happening.

Porter Stansberry:      Well, then we haven't been following the rules. That's why we have to deal with death and disease.

Joseph Farah:             No, they did follow the rules, because there was a commandment given, and there's no evidence that anybody ever violated that commandment and nobody ever had to be –

Porter Stansberry:      I think there's a lot of evidence out there that people violate that commandment.

Joseph Farah:             No.

Porter Stansberry:      I think that happens pretty much every day in a certain neighborhood in Baltimore.

Joseph Farah:             Not during the time of Moses when that commandment was –

Porter Stansberry:      They were – people were so different back then, I suppose. What about old Deuteronomy 17:2-7 where you're supposed to kill anyone who's of a different religion?  Think we should follow that one in the U.S. too to be real Americans?

Joseph Farah:             You better read that one to me. You better read that one to me, because there's nowhere in the Bible where it suggests we should kill everybody who's a different religion.

Porter Stansberry:      That's not all it says. It says we could kill in that one, and it also says that if you find a city –

Joseph Farah:             Well, I can read it verbatim –

Porter Stansberry:      If you find a city that worships a different God, then you have to destroy the city and kill all of its inhabitants including all the children and all the animals.

Joseph Farah:             These were specific – these were very specific commands for very specific times. And if you look historically at what was going on in those communities, you would understand it. They were sacrificing their own children to Baal.

Porter Stansberry:      What a minute. I thought that's what God told Abraham to do. Maybe I have that backwards.

Joseph Farah:             No. God – what God told Abraham to do was a foreshadowing of what God Himself did with His own son to atone for the sins of man.

Porter Stansberry:      Okay. So, the thing I'm pointing out to you is that everything you're saying about the Bible is an interpretation. So, whether or not even if God did write the Bible word by word through people, you're still interpreting it, which is what everyone does in religion. Religion is clearly used as a tool, a political tool, to empower certain people and enslave others. That's the entire role of religion throughout history. And the Constitution of the U.S. –

Joseph Farah:             Okay. Well, name for me, Stansberry – yeah, this is supposed to be an interview, but it sounds more like a speech, a very one-sided one. So, maybe I can ask a question. Why don't you name for me a free society devoid of a belief in God?

Porter Stansberry:      Okay, simple. Hong Kong.

Joseph Farah:             What?

Porter Stansberry:      Hong Kong.

Joseph Farah:             I have no idea what you're saying.

Porter Stansberry:      Hong Kong.

Joseph Farah:             Hong Kong?

Porter Stansberry:      Yes.

Joseph Farah:             Devoid of belief in God in Hong Kong?

Porter Stansberry:      Almost completely. Likewise, Japan.

Joseph Farah:             Hong Kong is under the authority of the totalitarian government of China, and you consider it to be free society?

Porter Stansberry:      I guess you've never been there?

Joseph Farah:             Well, I have been there.

Porter Stansberry:      Okay. Well, then you know it's a free society.

Joseph Farah:             I have been there both before it was under the authority of the totalitarian government of China and after.

Porter Stansberry:      But I also think your question is completely worthless. I mean, that people have not freed themselves from the yoke of their religious masters is not really related to whether or not they've been able to free themselves from the yoke of political masters. But what I'm saying is that the two – it doesn't make any sense to me that you cannot support and believe in the Constitution of the United States, which is what makes you an American, if you don't also believe in all of the nonsense that's in the Bible.

Joseph Farah:             Well, no, you have to believe in the Declaration of Independence. I didn't say you have to believe in all the – I said exactly the opposite of what you just said. You're totally distorting my words. I said you have to believe in the Declaration of Independence and the Constitution.

Porter Stansberry:      Okay, all right.

Joseph Farah:             They go together.

Porter Stansberry:      That's fine with me.

Joseph Farah:             I don't know how you can separate them.

Porter Stansberry:      Hey, that's fine with me. I think both of them are fantastic documents. You could throw in there – what was the document that Jefferson wrote for Virginia?

Joseph Farah:             What I will say is I don't believe you can have a truly self-governing society without the morality that we get from the Bible, and I don't believe you'll ever find one. And you can talk about Hong Kong. Hong Kong is under the thumb of a totalitarian communist government in China. They use force to keep people in line.

Porter Stansberry:      How's that different than the U.S.?

Joseph Farah:             You know very well that you cannot do your own thing in Hong Kong today the way you could've done it even under British rule.

Porter Stansberry:      Well, I think there's lot of objective measures of freedom that various people _______ Foundation, et cetera.

Joseph Farah:             Yeah, if you measure it only in economic ways. If you're a materialist, you might be closer to the truth.

Porter Stansberry:      I think that you can absolutely measure the amount of liberty and at different places, and Hong Kong's always top on the list. As I – I don't understand how you could say otherwise if you've been there.

Joseph Farah:             Well –

Porter Stansberry:      But just to go back, again, fundamentally to your point about morality. I don't think morality comes from the Bible. And I think if you read the Bible, you read all these things, they don't sound very moral at all. I mean, it doesn't – sounds like a very jealous God.

Joseph Farah:             Well, what's your definition of morality?

Porter Stansberry:      Simple. There's only precepts to morality. Only two. Not ten. And they're very simple. Do not aggress on your neighbor. Do all that you promise to do.

Joseph Farah:             Well, that sounds very close to the Golden Rule, does it not?

Porter Stansberry:      Yeah. But then, what about all this other stuff that's in the Bible?  What about not wearing –

Joseph Farah:             You take a precept from the Bible as your governing – and I would tell you this. The people who are atheists and agnostics and who live in – somewhere in Western civilization –

Porter Stansberry:      Okay. I think we've worn out that issue. Let's move on to something we might find agreement on.

Joseph Farah:             Okay.

Aaron Brabham:         All right. Second question we have for you is, recently, I saw that WorldNetDaily broke the story on HSBC and its front as a money laundering operation for accounts –

Porter Stansberry:      Yeah, this is a good story.

Aaron Brabham:         – that were established through identify theft, and your report was really compelling. So, will you tell our listeners a little bit about that report and also have there been any ramifications for that from HSBC or anyone like that?

Joseph Farah:             Oh my goodness, ramifications, yes. The report essentially showed that one of the largest banks in the world has been probably responsible for more money laundering than any criminal enterprise you can think of. They basically are using social security numbers. They may be using your social security number. We found many innocent people who didn't know that this bank, this mega bank, international bank, had hijacked their social security numbers, created accounts around them, and was using them to launder millions, perhaps billions, of dollars.

And so, we got this all from a whistle-blower who had worked inside the bank who was fortunate enough to be able to get thousands of pages of documents out of the bank before they fired him. And we released all this publically. He had previously gone through law enforcement agency after law enforcement agency, and of course, nobody was interested in prosecuting or even investigating in most cases, this major bank, which suggests there's a lot of collusion between the big bank cartel –

Porter Stansberry:      Really?

Joseph Farah:             – government itself.

Porter Stansberry:      No. How could that be?

Joseph Farah:             In terms of the fallout from this, the most shocking thing was that HSBC actually tried to get our website shut down by going through upstream providers and did in fact manage to get for a short time one of those upstream providers to actually shut down the article about them until we were able to resolve that with the provider. But these guys are – I mean, from my perspective, and I was not involved in the reporting here. This was by Jerry Corsi of our team. I mean, this is the tip of the iceberg.  This is not just HSBC.

This is the way the big banks do business – by stealing money, by laundering money. We're in the midst of another investigation right now into Credit Suisse and some of the unlawful and unethical practices that they're involved in. And it seems like everywhere we turn we find the same thing.

Porter Stansberry:      What specifically has happened to HSBC so far, do you know?

Joseph Farah:             Nothing, absolutely nothing. However, one thing that has happened is suddenly after our investigative series a number of government agencies have actually at least gone through the motions of listening to the whistleblower and conducting what they claim to be an investigation into these allegations. But I don't have a lot of confidence that unless the American people and other media pick up this story and recognize the seriousness of it, that government's going to feel like they're compelled to do anything significant.

See, what happens is the government regularly issues fines for this kind of activity when it's proven like we proved. Well, the fines are just a way of doing business for a bank that's taking in, let's say – let's just for the sake of argument say, billions of dollars through these illegal practices, and they're fined $10 million. Well –

Porter Stansberry:      Right, it's a cost of doing business.

Joseph Farah:             It's the cost of doing business. That's what we found.

Porter Stansberry:      Well, I follow the investment banks more closely. I don't even call them investment banks anymore, because they all had to convert to commercial banks to get bailed out by the Fed back in 2008. But the Goldmans and the Morgan Stanley's, and before they went bust, the Bear Stearns and the Lehman, and I follow these guys and their practices very closely. And the thing that was extraordinary to me over the last 15 years was how many times the SEC brought actions against these guys where the fines were miniscule compared to the dollar amounts of the crime or the fraud.

Joseph Farah:             That's exactly right. That's exactly what we thought.

Porter Stansberry:      It's exactly what you're saying. But then furthermore, every time you have an SEC lawsuit against you or that you settle or that you lose, and unfortunately, I've had experience in this, you have to promise not to do it again. Which in my case was really ironic because I wrote a report that was true about a government agency and I never traded in securities and the SEC sued me anyways because I was writing about the government. And all I did was write, but that didn't matter. They still sued me for securities fraud even though there was no securities transactions whatsoever. So, I had to promise not to defraud people in securities again, but I don't deal in securities.

Anyway, my point is these guys have promised multiple times, and I think the latest research I've seen shows that there have been 30 separate, separate occasions where these legal injunctions have been violated and no criminal charges have been brought. So, the firms say, "Okay, we're not going to defraud investors again by making up nonsense price targets and nonsense investment research that we push onto individuals so that they bid up shares of Amazon to $400.00," or something crazy like that, right?  And then they promise not to do it again. And then three years later they've done exactly the same thing again, yet the SEC refuses to bring criminal charges as part of injunctions.

The SEC or the Justice Department has also never brought a criminal charge ever for any Sarbanes-Oxley violation, and there have been several. So, you have a government that's been bought off by these guys, and of course, as you –

Joseph Farah:             And that's exactly the point.

Porter Stansberry:      Yeah. And there's a revolving door where they – the guy – the head of enforcement at the SEC is now the top lawyer at JP Morgan. So, what are the chances that no matter what JP Morgan actually did with this latest fiasco where they lost $3 to $5 billion, nobody's going to jail.

Joseph Farah:             And imagine you have a system where you've got billions of dollars that are virtually untraceable, okay?  How many people do you need to buy off?  I mean, it's unlimited as to what you can do in terms of buying the power and influence you need to keep doing this kind of business. And that's what we suspect is happening with HSBC. And again, that's just the – that just happens in the bank that we got the whistleblower in. Who knows how many other banks are operating the same way where there is no whistleblower, a guy literally not just putting his career on the line but probably putting his life on the line.

Porter Stansberry:      Okay. We've got one more question for you, one more tough one, and then we're going to let you get out of here. We appreciate your time and your patience with us.

Aaron Brabham:         By the way, your picture's online. You rock a good stash. That's something we get a lot of heat for, that people can't rock a good mustache.

Porter Stansberry:      Yeah, that's right.

Aaron Brabham:         But you've got a nice stash on you. It's nice and wide and nice and thick.

Porter Stansberry:      How long have you been rocking that stash?

Joseph Farah:             Well, a long, long time. I used to have a full beard. There've been a couple of times in my life where I've shaved off the mustache and got from my children just a really bad reaction. I mean they didn't recognize me.

Porter Stansberry:      Just do it in front of the kids.

Joseph Farah:             I scared them. I had to grow it back.

Aaron Brabham:         It is a fact. I do have a couple of buddies that rock a goatee. And whenever they shave it off, they have no upper lip. Are you one of these people that has no upper lip?

Joseph Farah:             No, I have a big upper lip?

Aaron Brabham:         Okay. Well then, I think you can probably pull it off.

Joseph Farah:             Yeah, it might be too big.

Aaron Brabham:         Maybe you're hiding a – he's rocking a walrus.

Porter Stansberry:      He's rocking the stash.

Aaron Brabham:         I like that. All right, here's our last question for you. You pledged $15,000.00 to the hospital where Obama was born, quote, unquote, upon the release of his birth certificate. When they released it, you called it fraudulent. What was it about the birth certificate that you think is still fake?

Joseph Farah:             Everything, and I think the best evidence of that has been laid out by both in Jerry Corsi's book Where's the Real Birth Certificate and more recently in Joe Arpaio's investigation in Arizona. Basically, what you have is a document that's been completely manipulated. It's not a document that's been scanned and offered to the public.

What we see in the White House is an image. When you analyze that image, and we've had dozens of graphics experts who've done it, show that it's composed of a pile of layers, layers that can be moved around, manipulated, and even – it may even be a composite document based on that assessment.

Until we see the real thing, until we get our hands on a real document, a real – whether it's the original microfiche or a replica of that original document, there's no evidence. This is not evidence that would be accepted in a court of law.

Porter Stansberry:      Interesting. The one thing about the birth certificate issue that never made any sense to me is why it took so long. I mean, if I'm Obama and people are asking me for that, I've got like – I don't know – ten copies of my birth certificate in a file at home. Right?  I have to use them every now and then to renew a passport or whatnot. Why don't I just send them one?  What's the big deal?

Joseph Farah:             Well, he waited until the leading Republican presidential candidate was making this his number one issue. That was Donald Trump at the time. And he waited until Jerry Corsi's book was the number one best-selling book in the country. And on the – in fact, the very next day, that's when he went to send somebody to Hawaii to find this document.

Interestingly, you might remember that the governor of Hawaii, Abercrombie, his good friend and political crony. When he took office as governor, he said, "I'm going to make it my business."  He went to the New York Times and told them, this is his first act as governor," I'm going to make it my business to produce the birth certificate just as a matter of honor to Hawaii. I don't care what the President says."  And he spent months trying to do that.

And he later made a statement, he said, "I haven't been able to find it, but I'm told we really do have some evidence that there's a document somewhere that shows that this child was born here. Then Obama turns around and in one day is able to produce the document. The governor couldn't do that. The Democratic governor couldn't do that, but somehow the Obama team was able to magically product a document that –

The rest of the media, by the way, just looked at – they – I don't even know whether they looked at it or not. The instant it was released, they accepted it as genuine, and that's the fraud we've been living under ever since.

Porter Stansberry:      Very good, compelling case you're making. Thanks very much for joining us. We'll look forward to having you back some day. And again, congratulations on the success of WorldNetDaily. It's a great business.

Joseph Farah:             Thank you, guys.

Aaron Brabham:         Yes. Thanks a lot, Joseph. Really appreciate it. Have a good one.

Joseph Farah:             Nice being with you.

Aaron Brabham:         All right, Porter, couple segments left. National Scumbag Registry, it's one of my favorites.

Porter Stansberry:      Hang on. Hang on. I can't let this pass.

Aaron Brabham:         See, I was going to let you – I was just trying to gloss over as fast as I could before you could.

Porter Stansberry:      No.

Aaron Brabham:         Before you – I thought this was a new Porter. I thought this was a kinder, gentler Porter.

Porter Stansberry:      That didn't last.

Aaron Brabham:         No, I didn't.

Porter Stansberry:      I just have to point out. I have no idea whether or not the birth certificate is accurate or not. I have no idea. I really – I don't know. To tell you the truth, I really don't care. Maybe I should. Maybe that means I'm not a true American.

Aaron Brabham:         I really don't care either.

Porter Stansberry:      I don't know. Just to me it's just all politics. But the – I think the thing that's very funny is that he doesn't believe a document that's like, what, 50 years old. How old is Obama?  50 years old?  45 years old?

Aaron Brabham:         Something like that.

Porter Stansberry:      I don't know, however old he is. But he doesn't believe in a document that has a state seal, signed by a living doctor who's still alive I think, all these other things you could do to verify whether or not it's real. And if we had someone else here making the case it is real, I'm sure that would be compelling too. But the point is, he doesn't believe in that document which is like maybe 50 years old, but he's convinced that the Bible is the word of a living, breathing God who controls the universe and who – what was he saying about bacteria?

Aaron Brabham:         It's because of sin that bacteria was formed.

Porter Stansberry:      Right, yes.

Aaron Brabham:         And had it – had we just abided by the Bible, penicillin would've never been needed.

Porter Stansberry:      And so you think about this for a second, then I wonder if he uses any drugs because if it's God's will that you get sick and die at 25 years old, then that's what should happen.

Aaron Brabham:         There are some people like that that just refuse to use – I forget what they are. But what I really wanted to get out of him but I didn't want to scare him too much is I wanted him to blame Obama for being Muslim or something like that. Like just because he doesn't believe in the right God, that's why I don't buy the birth certificate thing. How could he be a citizen of the United States?

Porter Stansberry:      I don't know.

Aaron Brabham:         He doesn't believe in my God.

Porter Stansberry:      I don't know.

Aaron Brabham:         But we didn't go there, so that's good. Nice guy.

Porter Stansberry:      I don't know how – look, I don't like President Obama. I make fun of him all the time. I think – but I think he's just like any other president. He's just a power-hungry sociopath. I don't have anything particularly against him versus any other one of the presidents we've had during my lifetime. But I will tell you that it doesn't make a lot of sense to criticize Obama for going to that radical black preacher's church.

Aaron Brabham:         That doesn't help.

Porter Stansberry:      Right. It doesn't make sense to criticize him for that and then call him a Muslim.

Aaron Brabham:         Yeah, it's –

Porter Stansberry:      You've got to be either one or the other.

Aaron Brabham:         You've got to be either one or the other.

Porter Stansberry:      Right. You can't – you see what I'm saying?

Aaron Brabham:         I do see what you're saying. I was just – I was trying to see what he was thinking.

Porter Stansberry:      I like the people who criticize Obama for people part of Reverend Wright's church and then in the next sentence say, "And he's a Muslim."

Aaron Brabham:         Hey, look, religion is a confusing thing, so.

Porter Stansberry:      I'm just saying, people, if you're going to criticize the president –

Aaron Brabham:         Stick with one or the other.

Porter Stansberry:      – get your story straight. He can't be a Muslim and be in Reverend Wright's church at the same time. It's offensive to me when you are playing to the dumb, ignorant crowd in that way.

Aaron Brabham:         All right. National Scumbag Registry. Porter ratting two more names. We've received some nominees, and we appreciate that. They've been coming in at feedback@stansberryradio.com. We've had a few on our hotline, 855-SA-RADIO. That's 855-727-2346. First one I want to nominate, he was in the news the other day, Allen Stanford the Ponzi scheme guy.

Porter Stansberry:      I'm going to veto this one.

Aaron Brabham:         No way. This dude was sentenced to 110 years in prison for bilking more than $7 billion.

Porter Stansberry:      Veto.

Aaron Brabham:         21,000 people still don't have their money, and you're going to veto it?

Porter Stansberry:      Yeah, because I think there's a lot of evidence out there that he didn't do anything wrong at all, that the collapse of his business was caused by the government.

Aaron Brabham:         Well, that's what he's stating.

Porter Stansberry:      And there's a lot of – if you look at the prosecution of him, it's outrageous. The – he was held in prison without any charge for, like, nine months. And they would never allow him bail. Even though there's nowhere in the world he could go without being recognized. The guy's like 6-foot-6.

Aaron Brabham:         Course he is. He's a leader. Aren't all leaders over 6-foot-2?

Porter Stansberry:      Well, that's true in a lot of cases. Yeah, yeah. But no, I mean, this guy wasn't really a flight risk. It was ridiculous. So, they wouldn't let him out of jail. And then somehow he ended up getting severely beaten in prison.

Aaron Brabham:         I did hear about that, and that is prison.

Porter Stansberry:      Now you think that's just – so, you think that the fact that his bank was commonly alleged to be the largest single center of CIA funds globally, and then when the government shuts him down, he ends up getting half to death in prison. And when did they arrest him?  2009?  And what is it now?  2012?  It takes three years to prosecute him?  There's a lot of things there that don't add up. I'm sorry.

Aaron Brabham:         You've got me skeptical now.

Porter Stansberry:      I'm just saying. I'm not saying that he was a good guy. Don't get me wrong. I'm just saying that I was never convinced that he had done any of the things they alleged that he did. And here's the way I also know that. Who else was convicted at his firm?

Aaron Brabham:         I don't know if anybody was.

Porter Stansberry:      No one.

Aaron Brabham:         Which there were a lot of players in it. They had to have had their hands in the pot.

Porter Stansberry:      That doesn't make any sense. So, when Madoff went to prison, there are – I don't know – five or six other guys from Madoff's firm that went down, because guess what, you cannot actually orchestrate a $10 billion Ponzi scheme.

Aaron Brabham:         Can't do it all yourself. No way.

Porter Stansberry:      And he had how many offices and how many – 3,000 employees?  I mean, he was a major sponsor on the PGA Tour. I mean, he's doing all this by himself without anyone else knowing that there's wronging involved?

Aaron Brabham:         Listeners write in. Let us know which side you're on on this issue. I'm going to have to do a little more research on this.

Porter Stansberry:      I think you have to look at federal prosecutions with the knowledge that our government is not lily white and that they're not always honest.

Aaron Brabham:         I've got one that you'll allow on the nomination list: senator – former senator of Connecticut, Chris Dodd.

Porter Stansberry:      Yeah, he's my – he's like one of my top three.

Aaron Brabham:         So, he's a former chairman of the Senate Health, Education, Labor and Pensions Committee, largely wrote the Senate Healthcare Bill. He was chairman of the Senate Banking Committee. I mean, this guy had absolute power.

Porter Stansberry:      Yeah.

Aaron Brabham:         And he –

Porter Stansberry:      And was as corrupt as the day is –

Aaron Brabham:         – used and abused it the best he could.

Porter Stansberry:      – as corrupt as the day is long. He was one of the major recipients of the Mozilo Loan Program.

Aaron Brabham:         Angelo Mozilo' Friends, yeah.

Porter Stansberry:      Which was otherwise known as "bribing Congress". And the wonderful thing about all this is it's Dodd's name that ended up on the act to reform all this stuff.

Aaron Brabham:         Of course it is.

Porter Stansberry:      Yeah. So, you put – it's just you can't make this stuff up. The guy who is one of the biggest crooks in the history of Congress, which is saying something, he's name ends up on the law that's meant to reform the big banks. What are the chances that there's no reform at all?  Hmm, gee whiz, I wonder why.

Aaron Brabham:         And you know what this guy feels like inside?  He feels like he's done a service to this country. I know it. If you were to hook him up to a lie detector, him and Barney Frank would think that they've done the best service they could for anyone.

Porter Stansberry:      Oh my gosh.

Aaron Brabham:         Their delusion is off the charts in Congress.

Porter Stansberry:      Why didn't they just do the simple thing, very, very simple?  All directors of banks that receive FDIC insurance are personally liable for deposits?  One change in the rules, bam, you have no more problems.

Aaron Brabham:         One sentence document.

Porter Stansberry:      Yeah. You do not need however many, 3,800 pages of Dodd-Frank. You need once simple change, which is if you expect the government to bail out your depositors, you're personally liable. So that if the taxpayer has to bail out your depositors because you made bad bets as a banker, then you get wiped out.

Aaron Brabham:         All right, Porter.

Porter Stansberry:      Simple.

Aaron Brabham:         I got a You Just Can't Make This Stuff Up segment, got two of them. The government's pushing the HARP, the Home Affordable Refinance Program. It allows borrowers to refi their homes without a loan-to-value cap. Currently, there are nearly a half a million families that have applied which will save them on average $2,500.00 a year. Well, current administration is upset with the banks because they are charging on average a 0.5 percent fee basically, or they're basically building a low end to the rate to get a little bit of a premium bank. And the government's mad, because they don't want Wells Fargo, JP Morgan, U.S. Bancorp, Citigroup, or Bank of America to get any fees off this deal.

Porter Stansberry:      Well, this worked out so well last time, didn't it?

Aaron Brabham:         Yeah, it works fantastic.

Porter Stansberry:      Wasn't everyone using their houses and ATM to buy a new washer and dryer?  Wasn't that good for America?

Aaron Brabham:         It was great when you've got people consuming, but not when they're going into debt like that.

Porter Stansberry:      I remember in '06 in Miami Beach it seemed good for you.

Aaron Brabham:         Hey, it was great. I was in the mortgage industry. I was killing, man.  It was great.

Porter Stansberry:      You were rocking and rolling.

Aaron Brabham:         Yeah.

Porter Stansberry:      Didn't end so well though.

Aaron Brabham:         No, didn't end so well. I just –

Porter Stansberry:      One of the many companies that Aaron road to the bottom.

Aaron Brabham:         That's a fact. There are three that I can think of, and I'm blocking more out. It's either I have impeccably bad timing or I literally am the black cross over any organization.

Porter Stansberry:      Every time he joins a business, it goes under, and he's new to Stansberry Research, so we might not have much time left.

Aaron Brabham:         Put me on contract, dude. Get me out of the employment system. All right.

Porter Stansberry:      Our sales have been falling every single month since you joined.

Aaron Brabham:         That is a fact, actually. It really scares the hell out of me too. I'm not going to lie.

Porter Stansberry:      Folks, buy a newsletter. Save Aaron's reputation.

Aaron Brabham:         Or wherever I go, sell short.

Porter Stansberry:      Yeah, well, don't do that.

Aaron Brabham:         Because we might ship me to a competitor, and I can sink the ship over there.

Porter Stansberry:      That's a good idea.

Aaron Brabham:         Yeah, it's –

Porter Stansberry:      I could write you a great recommendation letter.

Aaron Brabham:         Exactly, I can get in and I can just be on payroll, and they'll just sink.

Porter Stansberry:      Wham.

Aaron Brabham:         All right, Porter. I'm seeing more and more news about the upcoming pension explosion. I know you study it. Credit Suisse recently released a report finding multi-employer plans in the U.S. are underfunded by some $370 billion. As you know, the Department of Labor uses an actuarial reading of the numbers which envisions an average and completely unrealistic 7.5 percent return on investments smoothed over five years. Even under that overgenerous view, about 500 plans or 37 percent are less than 80 percent funded. How does this play out?

Porter Stansberry:      It's really bad news. This is one of the most serious problems our country faces that people really still know nothing about. And I read about it at GM, but it's – GM is just indicative of the rest of the system. The big – there's lots of big problems, but the core problem is this. Unless you reform the tax structure and the cost of our government, you're not going to have investment in the United States to propel our economy fast enough to make good on any of these pension promises.

So, the irony here is allow the people out there in America to keep voting for more government, keep voting for more freebies. They are destroying the private sector's ability to produce wealth. And at the same time, that means they're destroying their own pensions. And it truly is related. I mean, you have to get that. These pensions were funded and structured so that if the economy continue to grow at 4 to 6 percent a year then everyone will be fine. But the economy in the last decade is only growing on average, let's say, at 2 percent a year, and math just doesn't work at that point.

So, you have two choices. Really, you have two – fundamentally, you have two choices. You can lower the cost of government and regulation and allow business to expand more rapidly, which in theory at least would grow the economy faster and perhaps makes good on the pension programs. But as long as the pension programs exist and they're this far underfunded, then no one's going to be able to invest in America or grow these businesses, because they're too far under water.

So, sooner or later there's going to have to be an enormous haircut on these pensions. And the worst funded are state governments. So, you're looking at a major federal bailout of state government pensions in places like Illinois and California and New Jersey at the very least.

Aaron Brabham:         Bankrupt states.

Porter Stansberry:      Bankrupt states. And what happens to private pensions is they're supposed to become, if they fail, the obligations are supposed to become part of the federal government's burden. There's a pension guarantee corporation, the PCGC or something like that. And of course, that doesn't have any money either.

So, this kind of goes to the whole end of America thesis which is we have so many debts that we can't pay that we even – that we sort of lose track of them even when they're as large as these pensions. I think the total unfunded state pension obligation's around $1 trillion today. You're saying the multi-corporate is around –

Aaron Brabham:         Right, those are just multi-corporate, and that's $370 billion of the ones that they looked at.

Porter Stansberry:      Right. That's like $400 billion. But that's not all of them. GM's pension alone, a single company's unfunded, they say it's $13 billion. That's today. But again, if you plot out the growth of the unfunded liability, in the next ten years, it could grow to $20 or $30 billion, because they're not – the funds are not able to make the returns required to afford the current distributions let alone the future distribution. So, there's really, really big problems.

Aaron Brabham:        All right, Porter, last segment. It's our mail bag. We received a lot of calls, a lot of e-mails. I'm going to read some e-mails. We're going to do the calls next week. Mike from Avon Colorado asked, "I would love to hear Porter's take on the life insurance industry and some of the investment products that are offered by some of the major companies like Northwestern or New York Life. Does Porter own any whole life or universal life policies?"

Porter Stansberry:      Yes. The answer to your question is yes. And but the answer to your question is also don't buy them. I bought mine a long time ago for some asset-planning reasons that are inapplicable to most people. And the fact of the matter is you're going to typically outperform a whole life policy if you can be a steady saver and you buy just the run-of-the-mill, high-quality corporate debt.

So, I think for most people it's probably not a good deal. On the other hand, if you have estate planning issues, there are certain reasons to buy whole life insurance. And I wouldn't say that you never should buy it, but I would say for most people it's probably a bad deal. And if you are going to buy it, you definitely need to know that you can negotiate tremendously with the broker. And they will never tell you that. They'll tell you the opposite.

Aaron Brabham:         And of course, brokers love these products because they're the highest in fees.

Porter Stansberry:      Exactly. So, typically if you're going to do a whole life policy, your initial down payment will be something like $100, 000.00, and 100 percent of that goes to the broker.

Aaron Brabham:         That's insane, dude.

Porter Stansberry:      It's insane.

Aaron Brabham:         It's totally insane.

Porter Stansberry:      So, what you should do is you should negotiate with the broker, and he will, of course, refuse to negotiate. He'll say, "The fees are what the fees are, blah, blah, blah."  You say, "Okay, well, that's fine. I'll go to somebody else."  And then what I – what my mentor taught me to do was to have the brown bag lunch. So, he's not allowed to discount the fees, so he's going to charge them and he's going to get paid them, and then he can bring you the cash in a brown bag.

Aaron Brabham:         I like it.

Porter Stansberry:      I don't know if it's legal.

Aaron Brabham:         I don't know if they'll do it. But you know what?  People are hungry these days. You'll see. All right.

Porter Stansberry:      Can be done.

Aaron Brabham:         Paul Shared, "Recently on a podcast, you talked about how you have handled depression and had some suggestions that worked for you. A few thoughts of which were organize, prioritize, rest, exercise, and lose yourself in a good book. I have learned similar methods for myself. I appreciate your sharing with us your experience. We have not heard about your progress with your back. I hope it's better. Give us an update."  Because that is something that a lot of readers and listeners, they gave a lot of really valuable advice.

Porter Stansberry:      Yeah, they did.

Aaron Brabham:         And we haven't given an update in a while, so let's give an update for our listeners.

Porter Stansberry:      I must've had between 300 and 500 doctors review the MRIs I put out and my case in general and offer me –

Aaron Brabham:         That's amazing.

Porter Stansberry:      Yeah, and offer me free advice and follow-up anytime I needed it. It was an amazing outpouring of support. I sincerely appreciate it. My back is doing very well. My surgery went very well. There were no complications. It took me about a month to recover, and since then, I really haven't had any pain at all on that side of my back.

Unfortunately, I still have a lot of problems in my back. I've got severely herniated discs and I have some stenosis, and I'm not a 27-year-old anymore. So, I still deal with a lot of pain on a daily basis but not related to the surgery, just related to the lumbar disease that I continue to have.

And frankly, the worst thing for me is playing golf, which I love. So, there you have it. I play golf once a week and I can't walk for about two days afterwards.

Aaron Brabham:         Well, it's because you're hardheaded and you refuse to slow down your swing and then you're taking ______ the rough and everything that we don't want you to do. But hey, ___ he doesn't listen to caddy, what can I tell you?

Porter Stansberry:      That's true.

Aaron Brabham:         All right, last one. Paul in Malaysia had this great idea for us. "Your religion podcast without any guests at all was an all-time classic. I listened to it twice, which I almost never do, and cracked up all the way through it. I suggest you make once a month a black label edition of Stansberry Radio. Finish a bottle of wine together, then go on the air and do a show with more wine and cigars. Use explicit language, and warn anyone who is the least bit sensitive to not download this one. Then nobody could complain, and you can take the show to a whole new level."

Porter Stansberry:      Well, we are going to do that. In fact, we're going to have a subscription service that where once a month we're going to do an entire show that's only available to the paid audience. And as part of that show, we're going to do a black label segment. But I have to also tell you guys that, according to Arbitron, we now have seven listeners.

Aaron Brabham:         We do have seven.

Porter Stansberry:      Seven. So, with the subscription and the black label part, I think we might have no listeners.

Aaron Brabham:         I mean or we could pull in $10.00 a month.

Porter Stansberry:      I don't know. We'll see.

Aaron Brabham:         We'll see.

Porter Stansberry:      But what I would like to do for you guys is I'd like to have a premium segment every show where we give actionable investment advice based on current market conditions straight out of all of our newsletters and some ideas that we haven't published anywhere else. And then once a month, we have a much more intense investment-oriented show that includes the black label for entertainment.

Aaron Brabham:         And those are all in the works. We're getting the site built out for it as we speak. I get to go sit in meetings later today to hammer these things out.

Porter Stansberry:      Nice.

Aaron Brabham:         That's what you got me for, buddy.

Porter Stansberry:      Yeah, I have to go to other meetings. But the truth of the matter is, with seven listeners, we're kind of spinning our wheels.

Aaron Brabham:         It's a lot of work here for seven listeners. How do we get to ten?

Porter Stansberry:      So, recommend us to your friends and support us when we bring out our subscription model.

Aaron Brabham:         Yeah, and if you're on Facebook, add us on Facebook. Share it. Twitter @StansberryRadio, all that type of stuff. We're also on YouTube, Stansberry Media. All right, the upcoming guest in our next show is Edward Conrad. He's the former managing partner along with Mitt Romney at Bain Capital. So, we can ask him some good questions.

Porter Stansberry:      That'll be a very interesting guest.

Aaron Brabham:         It'd be an interesting guest. Thanks for listening to us today on Stansberry Radio.

Porter Stansberry:      One thing before you sign off.

Aaron Brabham:         Yeah.

Porter Stansberry:      In fact, the upcoming issue of my newsletter is going to focus on private equity.

Aaron Brabham:         Excellent, this is going to be a great topic.

Porter Stansberry:      This is going to be a great guest, because I'm going to be able to – I have a strategy that allows you, the common individual investor, the guy who just buys regular stocks through Ameritrade, et cetera. I have a strategy that I can teach you that mimics private equity.

Aaron Brabham:         Sounds like a great premium show.

Porter Stansberry:      Yeah, no, I'm serious about this. It's a way for you to do private equity deals in the public markets. And I want to run it buy this guy and get his opinion on whether or not he thinks it's a good strategy.

Aaron Brabham:         Because that is one thing that – if you're not an accredited investor, you get locked out of a ton of potential sweetheart deals.

Porter Stansberry:      There is no better investment strategy that has ever been invented than private equity, nothing else even comes close.

Aaron Brabham:         All right, that'll be a great interview. So, we want to thank Joseph Farah for joining us. Don't forget to visit us online at stansberryradio.com where you can subscribe to our mailing list and never miss another show, follow us in Twitter.

Porter Stansberry:      I have one more.

Aaron Brabham:         Go for it.

Porter Stansberry:      Here's straight out of Leviticus. If any person who curseth his mother or father must be killed.

Aaron Brabham:         Should've been dead a long time ago.

Porter Stansberry:      Oh boy. We have a lot –

Aaron Brabham:         Every teenager should be dead.

Porter Stansberry:      There's a lot of killing that needs to be done in America.

Aaron Brabham:         A lot of killing.

Porter Stansberry:      Yeah.

Aaron Brabham:         But I'm pretty sure we can't do that in the name of God without getting in trouble.

Porter Stansberry:      I think that we need to change things.

Aaron Brabham:         We need to do it.

Porter Stansberry:      Sharia law.

Aaron Brabham:         I am out of that. I will sit on the sidelines and watch the debacle of that.

Porter Stansberry:      Then you're not a real American.

Aaron Brabham:         I'm not a real American if that's the definition. All right, guys. Always call in, 877-SA-RADIO, 877-727-2346. We'll be playing a lot of calls next week. See you then.

Male:                           Stansberry Radio is a purely public broadcast and is not intended to be personalized financial advice for any individual's specific situation. Each individuals' financial situation is unique, and Stansberry Radio should not be relied upon and/or considered as personal –

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