Warning: the following presentation is controversial and may be offensive to some audiences. Viewer discretion advised.

Stansberry’s InvestmentAdvisory created a video presentation out of a letter written by Porter Stansberry, founder of Stansberry & Associates Investment Research, which is one of the largest and most recognized investment research companies in the world, serving hundreds of thousands of subscribers in more than 120 countries.

The report presentation shows shocking facts currently happening in other countries, and even on US soil (!), where the US dollar is being dumped as a currency. The news of alternative currencies being used on US soil and other countries has been going around throughout the whole world but was never exposed in America.

The video presentation even talks about a report by the IMF (International Monetary Fund) which recommended a new global currency called “Bancor”. The report was titled “Reserve Accumulation and International Monetary Stability“, published on April 13th, 2010. On page 27, the report defines “Bancor” as a global currency, issued by a global central bank. The IMF designs the new global currency “Bancor” to serve as a global nominal anchor. The report also discusses a more realistic and less ambitious option for “Bancor” to circulate alongside national currencies. (Read the report at page 26-28.)

Stansberry believes that the end of the US dollar as the world’s reserve is here. This is due to the facts he points out in the presentation regarding other countries quietly dumping the US dollar and even American citizens themselves trading using an alternative currency beside the greenback.

Independent.co.uk reported back in October 2009 how the Gulf Arabs along with China, Russia, Japan and France had secret meetings to price oil with a currency other than the US dollar:

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

(Article continues below.)

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars. Robert Fisk at Independent.co.uk.

India’s country tourism minister made sure that the US dollar is no longer accepted in the Taj Mahal.

There’s one less thing to wonder over when visiting the Taj Mahal: How to pay.

The tumbling value of the U.S. dollar led tourism officials in India to ban the dollar bill from the breathtaking white marble mausoleum and other national attractions.

American tourists must pony up the Taj Mahal’s admission fee in rupees in the latest troubling sign for U.S. currency around the world. Larry McShane, NYDailyNews.com.

Even Americans in several states use alternative currency besides the US dollar.

New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency.

Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.

They sound like real money and look like real money. But you can’t take them to the bank because they’re not made at a government mint. They’re made at private mints.

“I sell three or four every single day and then I get one or two back a week,” said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township.

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Gillie also accepts silver, gold, copper and other precious metals to pay for food. Dan Armstrong, ConnectMidMichigan.com.

In fact, on US soil alone, there are 150 alternative currencies throughout the country.

Supporters of competing currency say they’d like to see the government go back to a gold and silver-backed currency rather than simply printing more money.

Kotchounian says, “If we did that, we could maintain the value of the dollar and we could protect. We wouldn’t be in the economic collapse that we are in.”

Supporters say, there are 150 alternative currencies in the US. Source: FreeRepublic.com.

In Massachusetts, communities are using the largest new alternative currency system there is in the United States.

About a dozen communities have local currencies, says Susan Witt, founder of BerkShares in the Berkshires region of western Massachusetts. She expects more to do it.

Under the BerkShares system, a buyer goes to one of 12 banks and pays $95 for $100 worth of BerkShares, which can be spent in 370 local businesses. Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares. In Detroit, three business owners are printing $4,500 worth of Detroit Cheers, which they are handing out to customers to spend in one of 12 shops. Source: USAToday.com.

What is currently happening and not being exposed enough by the media is exactly what Jim Rogers has warned about. He had warned that the US dollar could lose its status as the world’s reserve currency and a medium of exchange.

The dollar is not just in decline; it’s a mess. If something isn’t done soon, I believe the dollar could lose its status as the world’s reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we’ve seen in nearly a century. Source: JimRogers.com.

Even World Bank President Robert Zoellick said the U.S. shouldn’t take for granted the dollar’s status as the world’s main reserve currency back in September 2009.

The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency. Looking forward, there will increasingly be other options to the dollar. Source: Guardian.co.uk.

Watch the whole presentation by Stansberry here or read the whole transcript of the presentation here.

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