"There are two sorts of wealth-getting, as I have said; one is a part of household management, the other is retail trade: the former necessary and honorable, while that which consists in exchange is justly censured; for it is unnatural, and a mode by which men gain from one another. The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of modes of getting wealth this is the most unnatural."

- Politics, Aristotle, 350 B.C.

"The Jew alone regards his race as superior to humanity, and looks forward not to its ultimate union with other races, but to its triumph over them all and to its final ascendancy under the leadership of a tribal Messiah."

- Goldwin Smith, The Jewish Question, October 1881

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

- President Woodrow Wilson 1916

“We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”

- David Rockefeller, Baden-Baden, Germany 1991

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

- Henry Ford 

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”

- Franklin D. Roosevelt, letter to Col. House, November 21, l933

“One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order.”

- The National Educator, K.M. Heaton

"We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands. We will for ever destroy because we need a world of our own, a God-world, which it is not in your nature to build."

- Maurice Samuels, You Gentiles, 1924

“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”

- David Rockefeller 

“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.”

- Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991

How to Think Clearly

"Never argue with stupid people. They will drag you down to their level and then beat you with experience." –Mark Twain

If you want to begin to understand and appreciate the work of Mike Stathis, from his market forecasts and securities analysis to his political and economic analysis, you will first need to learn how to think clearly. For many, this will be a cleansing process that could take quite a long time to complete depending on each individual.

The best way to begin to clear your mind is to first move forward with this series of steps:

1. GET RID OF YOUR TV SET (at least cancel your cable)


3. DO NOT USE A "SMART PHONE" (or at least do not use your phone to access the internet)


The cleansing process will take time but you can hasten the process by being proactive in exercising your mind.

You should also be aware of a very common behavior exhibited by humans who have been exposed to the various aspects of modern society. This behavior occurs when an individual overestimates his abilities and knowledge, while underestimating his weaknesses and lack of understanding. This behavior has been coined the "Dunning-Kruger Effect" after to sociologists who described it in a research publication. See here.

Many people today think they are virtual experts on every topic they regard with relevance. The reason for this illusory behavior is because these individuals typically allow themselves to become brainwashed by various media outlets. The more information these individuals obtain on these topics from the media, the more qualified they feel they are in these subjects, without realizing that the media is not a valid source with which to use for understanding something. The media always has bias and can never be relied on to represent the full truth.

A perfect example of the Dunning-Kruger Effect can be seen with many individuals who listen to talk radio shows. These shows are politically biased and consist of individuals who resemble used car salesmen more than intellectuals. These talking heads brainwash their audience with cherry-picked facts, misstatements and lies regarding relevant issues such as healthcare, immigration, Social Security, Medicaid, economics, science, and so forth. They also select guests for interview based on the agendas they wish to fulfill with their advertisers.

Once their audience has been indoctrinated by these propagandists, they feel qualified to discuss these topics on the same level as a real authority, without realizing that they obtained their understanding from individuals who are employed as professional liars and manipulators by the media.  Another good example of the Dunning-Kruger Effect can be seen upon examination of political pundits, stock market and economic analysts on TV.  They talk a good game because they are professional speakers. But once you examine their track record, it is clear that these individuals are largely wrong, but they have developed an inflated sense of expertise and knowledge on topics for which they continuously demonstrate their incompetence.

One of the most insightful analogies created to explain how things are often not what you see was Plato's Allegory of the Cave, from Book 7 of the Republic.

We highly recommend that you study this masterpiece in great detail so that you are better able to use logic and reason.Although we recommend you read and study The Allegory of the Cave, you can get a flavor for its meaning by watching the following video. 

If you can learn how to think like a philosopher, specifically one of the great ancient Greek philosophers, it is highly unlikely that you will ever be fooled by con artists like those who make ridiculous and unfounded claims in order to pump gold and silver, the typical get-rich-quick or multi-level marketing (MLM) crowd.

STOP Being Taken

“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”

King James Bible - Matthew 7:15

"It's easier to fool people than to convince them that they have been fooled." –Mark Twain

All Viewpoints Are Not Created Equal Just because something is published in print, online or aired in the broadcast media does not make it accurate.  In fact, more often than not the larger the audience, the more likely the content is either inaccurate or slanted. The next time you read something about economics or investments, you should ask two main questions in order to assess the credibility of the source. Is the source biased in any way?   That is, do they have any agendas which would provide any type of benefit accounting for their views? Most individuals either sell ads on their site or are dealers of precious metals or securities. That means their views are biased and cannot be relied upon.

Is your source is credible?  

Most people associate credibility with name-recognition. But more often than not, name-recognition serves as a predictor of bias if not lack of credibility because the more a name is recognized, the more the individual has been plastered in the media. And every intelligent person knows that individuals who have been provided with media exposure because they are either naive or clueless. The media positions these types of individuals as “credible experts” in order to please its financial sponsors; Wall Street. 

Instead of name-recognition or media celebrity status, you must determine whether your source has relevant experience on Wall Street as opposed to being self-taught. But this is just a basic hurdle that in itself by no means ensures the source is competent or credible. More important, always examine the track record of your source in depth, looking for accuracy and specific forecasts rather than open-ended statements. You must also look for timing since a broken clock is always right once a day.  Finally, make sure they do not cherry-pick their best calls. Always examine their entire track record. 

“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”

King James Bible - Matthew 7:15

The above questions require only slight modification for use in determining the credibility of sources that discuss other topics, such as politics, healthcare, etc.We have compiled the most extensive publication exposing hundreds of con men pertaining to the financial publishing and securities industry, although we also cover numerous con men in the media and other front groups since they are all associated in some way with each other. There is perhaps no one else in the world capable of shedding the full light on these con men other than Mike Stathis. Mike has been studying the indistry for well over a decade. Alhough he has published numerous articles and videos addressing this dark side of the industry, the entire collection can be found in our ENCYCLOPEDIA of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes
At AVA Investment Analytics, we don't try to pump gold, silver or equities like many others you see because we are not promoters or marketers. And we do not receive any compensation whatsoever (including from ads) from our content. We provide individual investors, financial advisers, analysts and fund managers with world-class research, education and unique insight.

Media Lies

If you listen to the media, most likely it is costing you hundreds of thousands of dollars in lost money at minimum over the course of your lifetime. The deceit, lies and useless guidance from the financial media certainly is a large contributor of these losses to the sheep you pay attention.

But a good deal of lost wealth comes in the form of excessive consumerism which the media seeks to impose on its audience. You aren’t going to know that you’re being brainwashed or that you have lost $1 million or $2 million over your life time due to the media, but I can guarantee you that with rare exception this is the reality for those who are naïve enough to waste time on the media.

It gets worse. By listening to the media, you are likely to also suffer ill health effects through the lack of timely coverage of toxic prescription drugs or through the ridiculous medical shows, all of which are supportive of the medical-industrial complex.

And if you seek out the so-called "alternative media" you might make the mistake of relying on con men like Kevin Trudeau or Alex Jones. This could be a deadly decision. As bad as traditional media is, the so-called "alternative media" is even worse.

Why Does the Media Air Liars and Con Men?

The goal of the media is NOT to serve its audience because the audience does NOT pay the bills.

The goal of the media is to please its sponsors, or the companies that spend huge dollars buying ads, and in order for companies to justify these expenses, they need the media to represent their cause. The media does this by airing idiots and con men who mislead and confuse their audience.

By engaging in "journalistic fraud," the media steers its audience into the arms of its advertisers because the audience is now misled and confused, so in the case of the financial media, it seeks the assistance of Wall Street brokerage firms, mutual funds, insurance companies, precious metals dealers. This is why advertisers pay big money to be promoted in the financial media.

We see the same thing on a more obvious note in the so-called "alternative media," which is really a remanufactured version of the so-called "mainstream media." Do not be fooled. There is no such thing as the "alternative media." 

In order to be considered "media" you must have content that has widespread channels of distribution. Thus, all "media" is widely distributed and the same powers that control the distribution of the so-called "mainstream media" also control the distribution of the so-called "alternative media."

The claim that there is an "alternative media" is merely a sales pitch designed to capture the audience that has since given up on the "mainstream media."  The tactic is a very common one used by con men.

The same tactic is used by Washington to convince naive voters that there are meaningful differences between the nation's two political parties. In reality, both parties are essentially the same when it comes to issues that matter most (trade policy, healthcare and war). Anyone who tells you anything different simply isn't thinking straight.

On this site, we expose the lies and the liars in the media. We discuss and reveal the motives and track record of the media’s hand-selected charlatans with a focus on the financial media.  

Why Stathis Was Banned

No one has generated a more accurate track record in the investment markets over the past several years than Mike Stathis. Yet, the financial media wants nothing to do with Stathis.

You aren't even going to hear him on the radio being interviewed.

You aren't going to see him mentioned on any websites either.

You won't read or hear of his remarkable track record unless you read about it on this website or read his books.

You should be wondering why this might be. Some of you already know the answer.

The media has banned Mike Stathis because the trick is to air clowns so that the audience will be steered into the hands of the media's financial sponsors - Wall Street and gold dealers.

And as for the radio shows and websites that either don't know about Stathis or don't care to hear what he has to say, the fact is that they are so stupid that they assume those who are plastered in the media are credible. And since they haven't seen or heard Stathis in the media, even if they come across him, they automatically assume he's a nobody in the investment world simply because he has no media exposure.

Well, if media exposure was a testament to knowledge, credibility and excellent track records, Peter Schiff's clients would be a lot happier when they looked at their account balance.

Others only care about pitching what’s deemed as the “hot” topic because this sells ads in terms of more site visits or reads. This is why you come across so many websites based on doom and conspiratorial horse shit run by con artists looking to cash in on ads.

We have donated countless hours and huge sums of money towards the pursuit of exposing the con men, lies and fraud. We continue this mission but we cannot continue it forever without your assistance.

We have been banned by virtually every media platform in the U.S and every website (mainly because we expose the truth about gold and silver).

We have been banned from use of email marketing providers.

The fact is that the Jewish Mafia has declared war on us because we have exposed the realities of the U.S. government, Wall Street and corporate America.

Note that we only began discussing the role of Jews in criminality by 2009, three years AFTER we had been black-listed by the media, so no one can say that our criticism of the Jewish Mafia has led to being black-listed, not that it would even be acceptable.

You can talk about the Italian Mafia, and Jewish Hollywood can make 100s of movies about it...


We rely on you to help spread the word about us. Just remember this. We don’t have to do what we are doing.

We could do as everyone else and focus on making money. We are doing sacrificing everything because in this day and age, unfortunately, the truth is revolutionary. It is also critical in order to prevent the complete enslavement of world citizenry.   

Rules to Remember

On Exposure: No one who has significant exposure can be trusted because those who are responsible for permitting such exposure have allowed it for a very good reason, and that reason does not serve your best interests.

On Spotting Frauds: Whenever you wish to know whether someone can be trusted, always remember this golden rule..."a man is judged by the company he keeps."

This is a very important rule to remember because con men almost always belong to the same network.

You will see the same con artists referencing each other, on blog rolls and so forth.

  • How to Think Clearly
  • STOP Being Taken
  • Media Lies
  • Why Stathis Was Banned
  • Rules to Remember
  • X close

America. What Went Wrong? (Part 1)

As I have detailed with extensive data and accompanying analysis in America's Financial Apocalypse (2006/expanded and 2007/condensed), America’s once great economy has been gradually transformed into a Ponzi scheme through decades of unfair trade policies that destroyed millions of U.S. jobs.

Unlike many other books which discussed the real estate bubble in isolation, this book went well beyond the real estate bubble by presenting a compelling case for a long period of economic depression.
I can guarantee you the chapter on the real estate bubble alone (chapter 10) serves as the most detailed and comprehensive analysis presented from any book solely dedicated to this bubble.
I also discussed many issues that have since become hot beds of discussion, such as chapters on the healthcare crisis, the entitlement tsunami, how Washington manipulates economic data, the commodities bubble, and many other topics.
But of course, due to the media’s widespread ban on me, I have received no credit for exposing these issues. Instead, others who have sold out to the media have stolen my analysis and claimed it as their own. But my written track record demonstrates who the leader is and who the followers are.  
I’m telling you this not to boast, but because you need to understand how you have been fooled.
You need to understand how America’s media monopoly practices censorship daily.
You need to understand who the leaders of critical analysis are and who the followers are.
You need to examine track records and spot agendas.

We are now seeing this depression unfold.

Yet, Washington, Wall Street, and the media hacks continue to downplay the severity of the situation, hoping to buy them time as they flood the financial system with a historic amount of dollars.

One could argue that America’s Second Great Depression actually began in 2001. As an attempt to mask the reality of America’s gradual decline, just over a decade ago economists and politicians proclaimed the “Information Age” as the engine of the “New Economy,” promising higher living standards for all.
As I detailed in America's Financial Apocalypse, there have been no real improvements to the economy since 2003 (possibly since 2000). Instead, a new bubble was formed by Alan Greenspan; this time in real estate.
It was the biggest real estate bubble in history, although many industry insiders denied its existence, even as it began to burst.
As I and many others had predicted, the results would create widespread devastation once the bubble popped.
Others served as Wall Street hacks, claiming the economy was great and the stock market was headed to 15,000.
Even as the devastation was sweeping across the nation, America's propaganda machine continued to hide the facts, while interviewing idiots and liars.
But don't blame them. If you listened to these idiots you have no one else but yourself to blame because you didn't bother to check agendas and track records.
If you lost money due to their lies and ignorance, you only have yourself to blame for being gullible.
History only repeats because people don't learn from the past.
Unfortunately, most people will not learn from this, just as they didn't learn from the dotcom collapse.
If one is to accept the traditional dog-and-pony metrics used by Washington economists and related individuals, including groups that adhere to these ideas, the previous “economic expansion” dates back from late 2001 to December 2007.
As the CBPP reports, poverty continued to rise during and after the 2001 recession and failed regress back to prerecession levels, “representing one of the worst periods for poverty reduction of any economic recovery in decades.”
Rather than higher living standards for all, the “New Economy” has brought higher living standards to much of the developing world, corporate executives and wealthy shareholders of U.S. corporations. 
Meanwhile, working-class Americans have been left out of the picture.
In fact, because there is a finite amount of wealth to divide, it’s clear that America’s wealthy elite and much of the developing world have seen their living standards increase at the expense of working-class Americans.
As detailed in America's Financial Apocalypse, and has been confirmed by numerous non-partisan, unbiased think tanks before and since, the monetary gains resulting from the previous economic expansion were disproportionately distributed to Americans at the highest income levels. 
According to Piketty and Saez, the top 1% of households received two-thirds of the growth in national income during this post-2001 recovery period. This represents the most distorted allocation of incomes seen from every other economic expansion since the “roaring 20s” pre-depressionary period. 
Rather than higher living standards for all, this proclamation of a “New Economy” has been nothing short of a smoke screen for trade policies that continue to destroy working-class America, while enriching corporations, their owners and executives, and workers from developing nations.
It’s been socialism for corporations and developing nations at the expense of working-class Americans.
Not by coincidence, the current bailouts advocated by Washington bear a striking resemblance to their own policies of economic extortion through the mechanisms of free trade.
Not by coincidence, the most recent asset bubble imploded in a manner similar to the previous dotcom bubble.
Not by coincidence, the media, Wall Street and Washington denied the problems all the way down.
It was a domino effect, starting with the implosion of hundreds of dotcoms that had cooked the books.
Next, 911 came.
Shortly thereafter, giant blue chips held by nearly every investor collapsed.
First there was Enron, then WorldCom, then Tyco. This caused a dismissal of confidence in the capital markets.
By the time the media admitted problems, everything had bottomed out.
By the time Wall Street issued sell signals, stocks were at multi-decade lows.
Investors panicked, causing the markets to plummet further. And Wall Street quietly began buying at the bottom, as they always do.
The strong economic partnership between Wall Street and the financial media made both sides very wealthy at the expense of Main Street, just as it always has.
Just as in the dotcom collapse, the current real estate collapse has seen virtually no criminal indictments for securities fraud directly responsible for the collapse.
Instead, a few scapegoats were chosen to distract attention from the true criminals who intentionally extorted shareholder equity. 
After the dotcom bubble popped, the media focused on Enron, WorldCom and Tyco – none of which had anything to do with the dotcom fraud.
This allowed thousands of corporate executives, Wall Street bankers and analysts to escape from the heist scott free, wealthier than they could ever have imagined.
Today, the media focuses on Bernie Madoff, and Stanford.
While each Ponzi scheme was a victim not cause of the collapse, the media has fooled Main Street by focusing on them so as to protect the real criminals running the commercial banks, mortgage companies and Wall Street firms.
As a replacement for jobs that produce real goods; goods in demand across the globe, America’s “New Economy” is now characterized by a service economy based on scavenging wealth from the huge Ponzi scheme designed by Washington.
To promote this scheme, Washington insists that America has a free market economy. But the facts tell a different story, as I have alluded to on many occasions.
Decades ago, America’s “Old Economy” created good jobs during a period when U.S. imports were in high demand.
As a result, America became the world's largest creditor because it served as the global leader of manufactured goods; real products needed and demanded by the world – the best automobiles, consumer appliances, textiles, and basic materials.
Foreigners sent money into America in exchange for the best consumer goods in the world.
This helped create a strong middle class that fueled economic growth.
Pension plans grew over the years, providing retirement income, disability, and healthcare even during retirement.
During the "Old Economy" Americans had a healthy savings rate. Meanwhile, one-income households were the norm, so children were raised with more responsibility and attention.
During the “Old Economy,” healthcare and higher education were affordable, there were no credit cards, there was no need for cheap labor from illegal aliens, and America was a net exporter of crude oil. 
Employer-sponsored healthcare became the nations’ most predominant mechanism of providing healthcare, reaching 180 million Americans just a few years ago.
Towards the final stages of America’s “Old Economy” Asia began modernizing its own manufacturing industries.
Rather than automotive plants and consumer electronics, much of Asia’s manufacturing efforts were focused on providing goods for its own consumers so as to decrease dependence on imports. At first, they weren’t so good at it.
But once free trade became the status quo, it enabled Asia to enter the market place with unfair advantages while using illegal trade practices.
As discussed in America's Financial Apocalypse, as more American firms sent manufacturing plants overseas, Asia became the recipient of the unintended but inevitable transfer of intellectual property from the United States. This helped speed the pace of Asian manufacturing and know-how.
It enabled Asian companies to gain access to critical manufacturing and design secrets. Even Japan has benefited from U.S. intellectual property as the result of free trade.
In many cases, huge companies have been sold off to foreign competitors because they simply cannot compete on U.S. soil due to unfair trade. 
In return, U.S. corporations have increased their profits while providing cheap goods to U.S. consumers who buy more than they can afford using credit. This has created a perpetual loop of no escape.
As we know, all Ponzi schemes eventually come to a harsh end. At some point you need a real job to buy goods.
We are now seeing this Ponzi scheme unravel. Unfortunately, it still has a long way to go.
As a direct beneficiary of intellectual property from the U.S., Asia has evolved from making cheap trinkets to quality automobiles, consumer electronics, prescription drugs, and so on.
For many years now, Asia has dominated the consumer electronics industry. Now, China and Japan dominate the automotive industry.
But as thrifty Americans eager to snatch up the lowest-priced goods have seen, there is a hidden price that comes with Chinese imports; namely safety issues. As America becomes more reliant on China for more goods, without adequate safety standards, Washington has effectively threatened the safety of U.S. consumers because it was Washington that has created this import-driven economy. They have mortgaged off America’s ability to be self-sufficient.
China has already destroyed the U.S. textile, chemical, steel and other industries, using unfair trade and pricing practices. Meanwhile, Washington has sat idle, as has the World Trade Organization.
You ask why? How can this be?
Washington doesn’t have much bargaining power since China is the principal player in America’s Ponzi scheme, providing financing to keep interest rates low, which keeps U.S. consumers shopping “till they drop.” 
Of more detriment, U.S. consumers are buying a huge amount of imports from Asia, Europe and Latin America. This has indirectly led to even more job losses in America. But is some respects, they haven’t had a choice, as the buying power of the dollar has been in decline for a decade, while real media wages have not moved.
As you can imagine, this Ponzi scheme economy is nothing other than a perpetual loop that is virtually impossible to escape from without a major collapse; a collapse much larger than we see today. 
Due to the toxic effects of free trade, China will soon dominate the automotive and drug manufacturing industries. Already China leads the world in IT exports, boasts the second largest market for luxury goods, and leads the world in many other areas. By 2020, China will have the largest economy in the world.
Today, as healthcare costs mount, more companies are outsourcing in order to eliminate their fastest growing cost – healthcare.
You can imagine how job losses have affected families who relied on employer-based healthcare.
Obtaining health insurance in the private market is extremely costly. And if you have a pre-existing medical condition, it might be impossible. At the very least, in many cases, it will be cost-prohibitive.
Today, 160 million Americans rely on employer-based healthcare. Millions have been stripped of affordable healthcare coverage along with their jobs, in the name of free trade. And with the unfair rules of free trade in play, you can bet that millions more will lose affordable access to medical care one way or another.
Many companies have responded to rapidly rising healthcare costs by shifting premium hikes to employees. Other employers have changed their health plan to one that doesn’t cover as much or has higher deductibles. And of course other employers are sending jobs overseas where they don’t have to pay the costly expenses for health insurance and retirement benefits.
America is the only nation in the world with employer-based healthcare. It is a relationship that served the nation well decades ago, before unfair rules of trade pressured U.S. corporations to export jobs overseas. Without radical changes to free trade and a radical reform to its healthcare system, America will continue its competitive decline in global trade.
If you want to devise a system of free trade, all participants must play by the same rules. Otherwise, competitive advantages will be established favoring one or more nations over those operating under less favorable rules.
As it stands today, America has no chance to mount a permanent economic recovery without radical realignment of economic and trade policies.
Until free trade has been restructured into fair trade, millions of additional jobs will be sent permanently overseas. And the only replacement of these jobs will be service-oriented professions catering to the wealthy, similar to what you see in third world nations.
These will be jobs with no employee benefits; no healthcare, no disability, no retirement plans, no nothing. This shift has been in effect for two decades, but has accelerated with each of the most recent bubble implosions. Yet, many Americans only learn the hard way once they have lost their employee benefits, as this compensation amounts to over 40% of the media worker’s total compensation package. 
During America’s “Old Economy” Detroit was at its peak, along with Cleveland, Philadelphia and St. Louis. Today, these cities consist largely of ghettos.
Where blue-collar workers once lived, gangs have taken over. Instead of learning skills or obtaining an education, teens look to their parents and see no future, so they learn the drug trade as the only way out of the ghetto. 
But there’s a silver lining for some. Each of these “ghetto cities” has one or two small areas representing “old money” from the “Old Economy.” These estates rest on gorgeous lots, with fancy landscaping.
Chances are, the owners of these residences accumulated their wealth as a result of, or in spite of the decaying industries that once made these cities economic giants.
Chances are, they were the beneficiaries of free trade, corporate fraud and crony capitalism; some of the more prominent symbols of modern America. 
They may have been executives who were paid ridiculous sums of money, despite doing a lousy job.
They may have transitioned from politics into the corporate world where they were paid millions of dollars for having lunches with their friends in Washington in order to secure big government contracts.
They may have transitioned from the corporate world into politics, where they used their power to reward their corporate friends.
They may have worked as bankers, attorneys or consultants on leveraged buyouts and other deals that destroyed jobs and eliminated pensions.
Some of them are actually spies for foreign governments.
The “New Economy” is characterized by huge financial institutions which scavenge off of consumers and corporations.
This does nothing to create net productivity.
In fact, America's financial giants actually cause more harm than good.
As you might imagine, most of America’s largest financial services firms also make extensive use of outsourcing, just as most other U.S. corporations; anything for profits, even if it threatens the economic and thus national security of America. 
Those who read America’s Financial Apocalypse (2006) and Cashing in on the Real Estate Bubble (2007) were not only alerted to the catastrophe we see today, but were provided with SPECIFIC ways to profit that have yielded over 100% gains since then. 
These books are arguably more valuable today because the catastrophes over the past two years have confirmed that my understanding of what will happen is unmatched anywhere in the world.
Part 2 continues here.
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