Stansberry Research is a publicly owned American publishing company founded by Frank Porter Stansberry. The company is headquartered in Baltimore, Maryland, with additional offices in Florida, Oregon, and California. The company specializes in investment research with an information services product line consisting primarily of monthly and bi-monthly advisory newsletters written by a variety of financial editors. Topics include natural resource, power, oil and mining company investments, as well as health care and biotechnology. Value, corporate bond and alternative investing are also featured. The company claims its newsletter has subscribers in over one hundred countries. Stansberry Research (previously Stansberry & Associates Investment Research) was founded in 1999 as an independent investment research firm. In addition to his editorial duties, company founder, Frank Porter Stansberry, writes opinion pieces in a variety of financial publications discussing diverse and controversial issues ranging from the auto bailout to the European financial panic, among others. Other Stansberry public information efforts include production of a 2011 infomercial entitled "The End of America," as well as the founding of "The Project to Restore America," a 2012 endeavor aimed at restructuring American governance. He has also been recorded using racist and homophobic slurs on his premium radio program. In 2014, Snopes.com investigated the firm's claim that United States currency will "collapse", and found this claim to be false. Snopes.com alleged him to be anti-nationalist and working against USA government due to his analysis of dollar's future collapse. Stansberry advertising and social media messages often contain highly inflammatory and alarmist messages warning of impending financial disaster, with an extreme anti-government stance. Stansberry has also been described as "simply an umbrella website that draws internet traffic to a single site and then sells subscriptions for a variety of people who use them for publishing purposes.