"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
"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)
2. REFUSE TO USE YOUR PHONE TO TEXT
3. DO NOT USE A "SMART PHONE" (or at least do not use your phone to access the internet)
4. STAY AWAY FROM SOCIAL MEDIA
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.
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.
“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.
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.
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...
BUT YOU CANNOT TALK ABOUT THE JEWISH MAFIA.
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.
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.
For anyone who believes any positive earnings reports from the banks, you probably also believe there will be a real recovery in the economy.
These “earnings” are even less credible than those reported by the banks during the height of their Ponzi scheme in 2007.
Earnings? From the banks? It’s laughable.
Let me now state what I consider to be facts related to the bigger picture of this economic fiasco.
Fact #1. All Major Banks Are Insolvent.
This has been true now for over a year. It remains true despite the Treasury and Fed already having pumped in over $13 trillion in the form of loans or guarantees into the financial system; just over the past twelve months alone. But this is still insufficient. Several trillions more will be needed, and much of this will be lost forever.
Even Treasury Secretary Geithner (the Federal Reserve’s inside man) insists the banks need an additional $2 trillion.
So what’s the message he’s sending? He’s saying the banks are insolvent.
But of course he isn’t stating this publicly. He’s afraid to state the obvious because he, like so many others in Washington have been fed the myth that the current economic blowout is mainly due to a lack of confidence. So he doesn’t want to make people panic by telling them the banks are insolvent.
Geithner has continued the strategy initiated by Paulson; using scare tactics and lies to get what he wants. It’s been the most blatant case of crony capitalism in world history. And they have no intention of stopping this fraud anytime soon. Why would they? They’re getting away with it so easily.
So who fed Geithner this bull? My money is on Larry Summers. After all, you need to understand that Geithner isn’t so bright relative to others in his field. And he certainly doesn’t have a track record of success. If you think he does, you obviously haven’t examined his career in depth.
Like so many others who end up serving in the White House, Geithner climbed the ladder for doing the right things for the wrong people.
Just because the media calls him “sharp” doesn’t mean it’s true. In fact, if the media keeps harping on something, that alone should tip you off that they’re dead wrong. Case and point - Do you remember how the media labeled Alan Greenspan as a genius for so many years? The media does this all the time – labeling failures and morons as geniuses in order to preserve its working relationship with Washington. That’s why they always refer to Larry Summers as “brilliant” without making mention of his many disastrous failures.
Remember that virtually all of the media in the United States, from print to radio and televised, is controlled by seven men. So you can imagine how easy it is for someone in the White House to pick up the phone and make few calls in order to influence what the people are told.
While confidence is certainly a part of the mix, it is by no means anywhere near as big as the root of the problem.
In fact, consumer fear has been a positive because it’s caused most to start saving and stop spending on things they don’t need.
As far as Washington is concerned, this is bad news because it threatens to destroy America’s Ponzi scheme economy.
If you believe Geithner, then you probably believe the real estate infomercials proclaiming anyone, even the biggest dunce can become a millionaire by flipping homes.
But even Geithner knows that $2 trillion falls way short of saving the banks. It’s part of the stepwise strategy pioneered by Paulson; asking for more gradually, while using a carefully selected mix of scare tactics and optimism.
If you think $2 trillion will solve the problem you’ve forgotten about the 30-40:1 leverage still held by these banks. Have you forgotten about the CDS market? Have you forgotten about the monolines? Have you forgotten about the windfall of sub-prime and Alt-A loan resets that will be triggered in 2010 and 2011? I haven’t.
Despite the media’s abandonment from these issues, I can assure you they are still very big problems. The derivatives exposure of the top five U.S. banks is beyond scary when you look at the official data from the Office of the Comptroller of Currency.
And when you consider the fact that these numbers are reported on a voluntary basis, the possibilities for further disaster become much more frightening.
Even the latest discussion by Geithner and Summers to convert the TARP loans to common stock is only delaying the inevitable; a complete nationalization of the banks.
The longer they remain in denial, the more money they’ll keep tossing into the bottomless pit; and the worse things will get. Nationalization is the only possible remedy. Washington is going to learn this the hard way; at our expense.
While Obama is jet setting around the world for photo-ops or hitting the late night TV circuit, his economic advisers remain committed to protecting the interests of their banking buddies at the expense of Americans.
This sends the message that Washington cares more about Wall Street than Main Street. And it’s pushing morale down further, as millions wonder what’s become of their nation.
Fact #2. We Are Witnessing the Largest Theft in World History.
The U.S. banking cartel (GS, BAC, C and JPM) is engaging in the biggest scam in world history by covering up toxic assets and inflating the valuation of this junk. That is specifically why Obama’s “Dream Team” consists of many of the same individuals responsible for the world’s biggest Ponzi scheme.
First we have Tim Geithner, noted tax cheat and Paulson’s right-hand man during the Bush administration. As a reward for his loyalty to Wall Street, Geithner was promoted to become Larry Summers’ right-hand man.
Recall that Geithner was not only responsible for the Bear Stearns heist, he was also the principal architect of the TARP.
As I warned last year, the most detrimental effect of TARP wouldn’t be the $770 billion check of misappropriated funds, but the fact that it would commence the sign-off of a blank check for the financial industry. This is exactly what has occurred.
Second, the guy who is really making all of the economic decisions - Larry Summers - is arguably the single most responsible individual accounting for the severity of the economic fallout.
While Alan Greenspan fueled the engine of financial destruction, Summers designed it. Summers not only pushed for the repeal of the Glass-Steagal Act (along with Rubin and Gramm), but he was the principal force behind legislation that made it impossible to regulate the CDS market.
And of course Geithner is a protégé of both Summers and Rubin. But we must also remember that Geithner was the President of the New York Federal Reserve Bank.
As I have stated many times in the past, the banking cartel owns the Federal Reserve. That is specifically why these banks have been given a blank check to buy up smaller banks; banks which in most cases are no more insolvent than the members of this dangerous cartel.
So hopefully you now understand why Geithner was appointed Treasury Secretary, despite being guilty (although given immunity) of blatant tax fraud. He is naïve. He is a “yes man” who takes orders from Summers. And he’s proven that he’ll act in the best interests of the banking cartel. Why would you expect anything else from Geithner?
As former president of the New York Fed, he’s an insider from the cartel. Thus, with Geithner at the helm of the U.S. Treasury, the interests of the banking cartel are well-protected.
The problem is that Summers, Geithner and the rest of the mob ultimately won’t be able to save the banks without destroying America.
In the meantime, the FDIC and OTC can’t touch the banking cartel despite their insolvency because the cartel owns and controls the Federal Reserve and U.S. Treasury.
Despite the claims made that the FDIC is an independent insurance organization for the banks, the fact is that it is part of the U.S Treasury. That is specifically why they are drawing from the reserves of the Treasury; from your tax dollars.
Recent changes to mark-to-market accounting will further aid in the illusion of bank earnings. But you cannot hide forever. And at some point, things are really going to get ugly when reality surfaces.
As I said several months ago, if you think this is bad “you ain’t seen nuthin yet.”
Several generations of taxpayers are already on the hook for trillions of dollars handed out to these banks because Obama and his pro-Wall Street staff have convinced the public that they know what they’re doing. Sure they do. They’re pulling off the biggest heist of all time.
Fact #3. There is NO Escaping the Depression.
All throughout this scam, Washington’s economic “gurus’ have used scare tactics to justify the passage of blank checks to the banks. And yes, they’ll keep spending until they get what they want; signs of a recovery.
They won’t care that it will be a phantom recovery. It’s a political maneuver aimed at gaining momentum for Obama’s second term election.
They will keep lying and acting recklessly, but they won’t be able to avert a depression.
America’s next Great Depression is already here.
If you don’t realize this then you simply have no idea what’s going on. If that’s the case, you probably rely on the mainstream media for your information.
In fact, the arcane and incompetent approaches used by Washington and the Fed are going to make the depression much worse and last much longer. Supplying the banks with capital we don’t have is like stabbing an open wound and claiming you will prevent the bleeding.
While the initial effect may appear to be improvement, it’s only going to cause more bleeding.
Meanwhile, the banks continue to hoard bailout capital, lobby for more bailout money and increase rates for credit cards, ATM fees and other malicious activities aimed at screwing consumers. It’s beyond astounding. Just how much abuse can you take?
The real solution is to purge the system of the trash and start anew. The Federal Reserve does not want to take this approach. And Washington follows their lead. They didn’t want to take it after the dotcom collapse, and that’s why we’re in this mess.
Consider the consequences of trying to mask the real problems. There’s going to be a much bigger catastrophe down the road. I’ll guarantee it. It may manifest differently, but the impact will be more devastating to consumers either in severity or duration; perhaps both. One of the more obvious consequences is massive inflation, but I would expect other problems to surface, most likely capriciously.
Only a fool would actually think you could print out trillions of dollars and erase the massive global apocalypse that has occurred. Sorry, but that simply doesn’t obey any laws in the universe I live in. There are no easy fixes.
Denial and deception will prove to be Washington’s biggest mistakes. Our leaders are showing they’re incapable of leadership. Of course, this is a trend that has not changed for over three decades.
The so-called experts the media goes to for insight have continued to deny the fact that we’ve already entered the early stages of a depression. This depressive period is likely to be far worse than the first one. But Washington’s hacks continue to hide the truth by making ridiculous comparisons lacking merit, while emphasizing bogus economic data.
And the media goes along with this deception by not allowing credible experts to challenge the views of these hacks. In the end, the media dictates what your perception of reality is, thinking they can alter reality. This is why you must ban the media just as they have banned me.
Rather than use real data, they quote data manipulated by Washington. Rather than make objective and rational conclusions, the media plasters its hand-selected group of “experts” who use simpleton arguments to explain why we won’t have a depression.
As the records show, they’ve all been wrong from the beginning. All they’ve done is denied and downplayed everything, while issuing countless revisions week after week, month after month.
This is not forecasting; it’s a method used to hide the truth.
Most likely, this deception and denial has already destroyed a good portion of your livelihood.
All of the statements made by Bernanke, Paulson, Geithner and the economists of the round table have one thing in common. They’ve all been grossly wrong.
According to them, problems in real estate “would not be severe” and “would not spill over to the economy.” According to them, the banks were “fine” and there would be “no bailouts.”
The only thing they’ve shown is that they cannot and should not be trusted.
And they most certainly cannot be relied upon for real solutions.
Meanwhile, the media continues to shut out the real experts who have no agendas other than to preserve this nation. The evidence is overwhelming that the mainstream media is committed to covering up the farce orchestrated by the Federal Reserve.
This will not be a deflationary depression, as the so-called experts require as a mandatory (and ridiculous) condition for a depression.
It will be an inflationary depression, compliments of Washington and the Federal Reserve. In reality, inflation is still fairly high and will continue to rise. Don’t even bother to listen to the CPI and PPI data.
As I first detailed in my 2006 book, this data is fudged, as is GDP and employment data.
The fact is that the only inflation that really matters is rising; inflation for basic necessities like food, energy and healthcare. And when this bailout bonanza catches up with the dollar, inflation is going to rival the early ‘80s; perhaps even surpass it. It is likely that Washington will then intentionally escalate inflation as a way to help pay off what will be an insurmountable national debt.
Even with Washington’s futile attempts to mask America’s depression, until free trade is adequately restructured, job quality will continue to decline indefinitely.
Even with the best of scenarios, I regret to say that America will never be the same. I’ll guarantee it.
Washington had a tremendous opportunity to turn the tide and they’ve failed miserably.
And the media has helped them get away with it just like they helped Wall Street destroy your investments.
Fact #4. There Will Be No Real Recovery for 90% of Americans.
Washington officials, the Fed, and pundits keep referring to a recovery.
The fact is that there will be no real recovery.
Sure, there will ultimately be a relative improvement from the depressionary period we are facing. However, this will be more of a cyclical artifact based exclusively on the wasteful spending of taxpayer dollars. It will be another illusion orchestrated by the Fed and their subordinate, the U.S. Treasury.
And yes, the market will advance as a result of this inflationary economic policy. However, it will be short-lived. Thereafter, the market is likely to fall below 6000 when reality sets in; perhaps even below 5000.
The only recovery will be for those who stand to benefit from this epic fraud; the wealthy. The game is being played the way it always has, just on a much larger scale this time.
So if you are counting on a real economic recovery, don’t get your hopes up; at least not for America; not unless you are very wealthy.
The wealth and income lost by the working class have been and will continue to be transferred to America’s wealthy and developing nations like China and Brazil – all compliments of Washington’s free trade policies. As a consequence, these nations will mount a real recovery.
The best thing you can do to ensure a real recovery for America is to demand the problems are truly remedied. In part, this means free trade must be restructured so that all participants play by the same rules of commerce. This will stop the hemorrhaging of jobs from America.
But there are many other problems that must be dealt with such as a solution to the healthcare crisis.
Those responsible for massive fraud and abuse of political power must be imprisoned for life terms, and lobbying activities must be completely banned. The list is too long to mention here.
The sooner you accept the fact that America’s next Great Depression is here, the sooner you will be able to prepare for the difficult and permanent readjustment that lies ahead.
You need to change your mentality as a consumer and employee.
You need to become very frugal and stay that way.
No more buying the latest gadgets.
No more buying a new car every four years.
You need to start acting like you don’t have job security because you don’t.
You need to prepare for massive inflation because it’s on its way.
Finally, I urge you to minimize your dependence on banks; not just now, but forever. While it may cause an inconvenience, it will be well worth it.
Banks are the most insidious enemy of American consumers. I don’t think I need to convince you of that.
This reminder should do.
Part 2 continues here.
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As in previous months, the private sector accounted for all the job gains in February, with an addition of 222,000 positions, up from a mere 68,000 job additions in January. This represented the large...
Continuing where I left off from last time... Rather than huge manufacturing industries reminiscent of America’s “Old Economy,” the “New Economy” is char...
For anyone who believes any positive earnings reports from the banks, you probably also believe there will be a real recovery in the economy. These “earnings” are even less credible th...
Understand this. The current structure of free trade only benefits U.S. corporations, their wealthy elite shareholders and the most impoverished segment of developing nations. Anyone who tells you fre...
As many of you may know, on March 27, 2008, Ford (F) completed negotiations to sell its Jaguar and Land Rover divisions to Tata Motors (TTM), a division of the Indian conglomerate Tata Group.