"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

Economists Need to Sit Down and Shut Up

I’m really sick and tired of these economists out there who continue to claim that America will not enter a depression. These are the same bozos that have yet to acknowledge the fact that the U.S. is in a recession and has been for several months now. 
In fact, as I have previously mentioned, I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years; at the very least a protracted recession masked by credit. After the appropriate adjustments have been made for GDP, the U.S. economy has had no more than 3 to 4 quarters of GDP growth since 2005.
Thus far, we have seen drastic emergency interventions by the Federal Reserve and U.S. Treasury – measures not taken since the Great Depression. Thus far, we have seen the failure of the sixth largest U.S. bank – Washington Mutual, representing the largest bank failure in U.S. history.
As I have alluded to for several months now, this is just the beginning. Thus far, we have seen many of the world’s strongest, most successful financial institutions file for bankruptcy or participate in a forced buyout to avoid further crisis. Many of these buyouts have been prearranged behind closed doors with the Federal Reserve, the U.S. Treasury and the FDIC.
Wall Street powerhouses such as Bear Stearns, Lehman Brothers, and Merrill Lynch were global icons of banking power and prestige. They survived everything…even the last Great Depression. But they were unable to survive this one. The other Wall Street firms, Goldman Sachs and Morgan Stanley have only been able to survive thus far due to conversion into commercial banks so they can share complete access to the Fed’s endless printing presses along with the rest of the banking cartel.
I have explained what the media, pundits and other “experts” have failed to for several months now. Here is an excerpt from my July 13, 2008 commentary of the IndyMac failure:
In the coming months, I expect to see several bank failures. Not Citigroup or Bank of America. The “Big 5” won't fail because the Fed would never permit it. You know the Fed – the entity that's owned and operated by the “Big 5.” It will be the small local and medium regional banks that fail.
By the time the washout is finished we could see several hundred take a fall. If we include those destined for the auction block, I can almost guarantee you there will be hundreds of failures.
When the smaller banks fail, the “Big 5” will snatch them up at pennies on the dollar compliments of Bernanke's printing presses. Maybe now you can see why every nation wants to get as far away from the dollar as possible. They understand the worst is yet to come.
Bernanke's “Big 5” banking bailout is only ensuring the dollar crisis will continue. However, no nation will be able to completely escape the effects of the falling dollar since it remains the universal currency. It is deeply embedded within global commerce and has extensive reach throughout the global financial system.
I’m going to do something I’ve rarely done in the past two years, but something economists do on a weekly basis – revise a forecast. Instead of the 500 to 600 bank failures I have previously predicted, I’d like to revise that figure to 1,200 to 1,500 over the next five years. This revision is based upon what I anticipate as continued premature seizures by the Office of Thrift Supervision and the FDIC. I’m sure by now you know who will pick up the pieces…that’s right, the banking cartel. And they will do it using taxpayer dollars. 
Thus far, we have seen emergency lending by the Fed and U.S. Treasury to both commercial and investment banks; something not seen since the last depression. And now Washington plans to make direct loans to business…once again, something not seen since the last depression. Even the nation’s largest mortgage company, Fannie Mae - created to help the housing crisis during the Great Depression - has failed, as did its younger brother Freddie Mac, formed a few decades later. And taxpayers have been the unwilling recipients of billions of dollars in junk bonds from these two giants, while millions have lost their homes due to fraud, which won’t ever be dealt with appropriately.
Now Washington has forced an irresponsible bailout of the entire banking system down the throat of taxpayers. While this bailout will do very little than mend a short-term credit freeze, it will enrich those who wreaked havoc on the global economy. Even the FDIC, created as part of the Glass Steagal Act of 1934 has been granted unlimited access to the Fed’s printing presses in order to survive.
Yet, these bozo economists still want you to think we have not entered a depression. Ladies and gentlemen, America’s next Great Depression has commenced. This is not something I an anxious to proclaim, but it is the unfortunate reality. And apparently, most Americans are beginning to see through the web of deceit that Washington and the media has spent so much effort to create.
Those of you who understand what is going on should protest when you hear these economic shills rattle off their propaganda. We have no need for this “dog-and-pony” show any longer. We’ve had our fill from Washington for eight years now. Americans have had enough of this nonsense. And for those who were entrusted with positions of authority to not have seen this coming and/or who failed to respond in a timely manner – Alan Greenspan, banking CEOs, and others – should be sent directly to jail.
For all of you economists who still don’t get it, I have provided some excerpts from a previous publication.   
Fooling You with Simpleton Arguments
The pundits and economists continue to make simpleton arguments, such as the current conditions are no way like the depression. They claim that the government made many changes that would prevent the same thing from happening again. They claim that depressions cause deflation. Sure. But that does not mean inflation cannot be the lead into a depression. 
If things are so different now, why is the US approaching the price declines in real estate seen during the depression?
If things are so different now, why has the Fed had to resort to measures not seen since the depression?
If things are so different now, why did the New Deal solution to the depression era real estate crisis (Fannie Mae) collapse?
All of you guys in denial really need to get with the program. 
The Next Great Depression
No we won’t see the 33% unemployment rate observed in the depression (official numbers are about 25% but I have estimated this number to be 33%).  Why? Well for starters, Washington fudges all of the data. I have discussed this in detail in the past.
As well, the bar for what are considered jobs has been lowered since the depression. Today, you can say you’re employed if you’re a part-timer, you work at McDonalds, you’re a valet or massage therapist (no disrespect to any of you who might be employed in these occupations but let’s face it, they don’t give you a pension plan or healthcare benefits).
Instead of massive unemployment, we will see significant unemployment combined with massive underemployment. Already, my estimates are that the real unemployment rate is approaching 9% while the underemployment rate is 20 to 25%. Over the next few years, the underemployment rate will continue to increase and could top 50%.
As well, we won’t see banks close their doors because we have the FDIC. Sure, it will run out of reserves most likely within the next 2 years, but that doesn’t matter because the Fed will just print more money, causing higher inflation. All of this will put further downward pressure on living standards. The devastation won’t be due to a crisis, it will be only heightened by a crisis. The real devastation will be due to the transfer of wealth and jobs overseas. It will be a silent depression. 
The Silent Depression
In a few years, the real estate and banking crisis will have cooled off and Washington will start reporting much improved numbers; numbers that will continue to be manipulated.
In reality, things will only get worse. Real wages won’t budge, inflation for basic necessities will remain high and most likely be higher, and job quality will continue to decline. It will be a silent depression because there will be no crisis. You won’t feel the full effects on any given day. If you’re in the lucky majority, you will go to work and carry out your life as usual. But you just won’t be able to make ends meet like in the past. Each year things will get worse so you’ll spend more on credit.
It will be more difficult for your children to raise their income status because higher education is becoming an unaffordable luxury for the wealthy. Millions will be stuck in slave labor, working for low wages and no benefits. And they won’t be working in factories churning out goods for the global economy. They will be working in service jobs, tailoring to the needs of America’s wealthy.
And when you retire, only then will you realize that you’ve lived through a depression because you will run out of money. If you are lucky enough to have a home, you might have to end up selling it to pay for your medical bills, even if you have health insurance. The smaller minority will have a much worse fate.
What the “experts” don’t get is that this will be a depression that will be much more difficult to reverse because it will be gradual. There will be no urgency. Many will wake up one day in a few years and realize that they just can’t make ends meet; they’ll have very little if any retirement assets. It will be a continuation of declining living standards to a point that could lead to some major societal problems. 
Make no mistake. There are a few economists who understand what is going on. But the media chooses to interview only those who remain clueless and offer the same denial speeches over and over. Most economists remain isolated from the real world and stick to the same status quo ideals that support Washington’s bogus economic data.
It’s like a Boy’s Club. And they adhere to the rules of conduct or face the threat of being ostracized by their peers. These are the same economists who have praised Greenspan and Bernanke’s monetary policies and rogue attempts to destroy the dollar while bailing out the banking system, with a total of over $5 trillion – yes that’s right I said trillion - handed out to the banking system in less than a year. If you do the math you will see this number is correct.
The scary thing is that this printing frenzy has done nothing but worsen the crisis. When it’s all said and done, the disastrous responses by the Fed and U.S. Treasury are likely to have cost taxpayers much more. Counting the losses to the stock market, housing market, banks and corporate defaults, as well as the lost jobs, the main villains of this historic crisis - Alan Greenspan, Wall Street and members of Washington who fought for banking deregulation will result in total losses in excess of $22 trillion for America alone (another revision). Already the losses have surpassed $13 trillion.
For those economists out there who remain in denial, I challenge you to come forward for to debate me on the realities of the economy and capital markets as well as the solutions. I prefer to call it an educational seminar. If you chose to accept this invitation, hopefully it will have a very large audience so that I can demonstrate to the crowd that you people are generally useless and often dangerous.
In fact, I would like to challenge all other “experts” who disagree with my insights and solutions. This includes all of the clowns on television and radio. I can assure you there is not one person – not an economist, politician, Wall Street executive, pundit, or other self-proclaimed expert out there of sound mind and body who would agree to debate me on these issues. Once they come to realize the strength behind my insights they will run like cowards. 
I’d like to encourage all readers to forward this challenge to your economics professors or favorite media personality – from the clowns on CNBC and FOX, to the government shills and financial industry hired hacks on radio. I have proven to be one of the leading experts on the U.S. economy and capital markets. That fact, combined with my lack of celebrity status is precisely the reason why the media has shunned me.
They are afraid of my straight-talk commentaries and solutions. They fear that my remarks and criticisms would derail their political agendas and upset their corporate sponsors. And because I don’t have the celebrity status of Warren Buffett or Jim Rogers, the media stands to lose from my cold hard truth.
That, my friends, is the way the media operates in America. That’s why you continue to see Jim Cramer get on national television and claim that he “called the crisis” last year when the facts clearly show he missed everything and has been way behind the curve like the rest of the television and radio clowns.
You see, Cramer and others have been made into financial celebrities, so they draw an audience regardless how wrong they’ve been. And for that, YOU are to blame because YOU continue to watch them. Only recently have these media clowns changed faces, hoping you will be fooled into thinking that they actually warned you ahead of time. But the facts speak the truth and they all missed it. The only thing that counts is a person’s track record – something the media ignores.
The next time you hear an economist ramble away the realities of the economy, I hope you will do as I plan and tell them to sit down and shut up. The same applies to the goofballs on television and radio, especially CNBC. The American people are sick and tired of the same clowns feeding us with the same bull. Americans need intellectual leaders with practical experience and excellent track records who are capable of providing guidance and viable solutions. We do not have time for liars, shills and idiots.


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Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

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In America's Financial Apocalypse (extended 2006 version), I made the case for a trend of declining basic research from core scientific disciplines such as chemistry and physics.  I also not...

America's Financial Apocalypse: It's Not Going Away Anytime Soon

For many years now we’ve all seen the reckless use of taxpayer funds by Washington. This irresponsible and unaccountable waste of tax dollars has been particularly prominent during President...

The Housing Mess the Experts Missed

The latest data on housing continues to worsen on most fronts.  See here and here.   In fact, the data is now showing strong indications of bold predictions I mad in 2006 and as recent......

Games Washington Plays. Trick #4: Off-Balance Financing

As you may recall, in February 2008 President Bush unveiled a whopping $3.1 trillion budget that boost military spending and reduced health benefits for retirees...

Games Washington Plays. Trick #3: Employment Data

The government and related agencies are responsible for reporting the nation’s economic data. Thus, they’re in the driver’s seat to manipulate this data, while dumping so much of...

Games Washington Plays: Trick #2, GDP Delusions

I continue where I left off – discussing just a few of the ways Washington tries to fool us by its misuse and manipulation of data. Washington likes to remind critics that Americans enjoy the...

Games Washington Plays. Trick #1: Hedonic Pricing

For all of you out there who listen to economists and think they know what’s going on, hopefully you will begin to realize that the official data you see is nothing but an illusion after you rea...

Another Victim of America's Ponzi Scheme Economy (Part 1)

As of yesterday, Lear Corp., an auto parts supplier for the "Little 3" joined the list of others who have been victimized by the collapse of America’s Ponzi scheme economy. 

Another Victim of America's Ponzi Scheme Economy (Part 2)

Today, America’s “New Economy” is based exclusively on services - primarily financial and technology-based services, with a whole slew of attorneys and consult

Learning from Japan

I ran across an interesting story about how Japan is using a somewhat innovative approach to deal with its own symptoms of what will eventually be recorded in history books as the global depre...

The Deflation Myth

For some strange reason, economists, and those who actually give credence to what they say seem to think that a single period eighty years ago set a precedent cast in stone for what to expect from thi...

Payback is a BITCH

Despite attempts made by Greenspan and Bernanke, there is no way to avert the payback period that has been building for over two decades.

Greenspan, Get Lost!

Mr. Greenspan, you have been the individual most responsible for the current crisis; a crisis which commenced only a few years after you tried to minimize the dotcom collapse, which of course you also...

Cheaters Never Win: The Case Against Ethanol

I find it ridiculous that Washington has led America into another trap by supporting ethanol. By now, we all know how expensive it is to produce ethanol from agricultural sources.

Current State of the Economy

  Despite recent reports of improvements in unemployment numbers and record corporate earnings growth, the state of the U.S. economy and financial markets are not what they may seem.  Much...

The Recovery is Strong?

All throughout the post-bubble period, Greenspan and President Bush have been claiming how "solid" and “strong” the recovery has been since the recession of 2001-2002 ...