"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.
When many people mention the collapse these days, the most common response I've heard is "everyone knew it was coming."
Perhaps you've heard the same.
This just goes to show you that the mind can play tricks on people when time has passed.
People tend to forget the details of events even as recent as a couple of years ago.
It is for that same reason that most people either don't remember the miserable track records of the media's hand-picked "experts," or else they have selective memories of only certain episodes. Either result can be disastrous.
Anyone who is being honest with their conscious will admit that virtually no one was aware of the inevitable real estate-induced economic collapse, even after the emergence of what I consider to have been obvious signs in late summer of 2007. In fact, the initial tip-off for the few who were in tune to the realities of the real estate market surfaced in the first quarter of 2007, only to be confirmed in the spring.
In other cases, perpetual doomers who had been saying the same thing for many years certainly didn't serve to alert many due to their long track record of "crying wolf."
By August of 2007, even those who were modestly ahead of the curve knew the collapse was in the early stages.
And when the Dow Jones Industrial Average shrugged off these troubling difficulties and soared to all-time highs of around 14,200 in early October, I sent out a call to those who would listen to begin shorting the banks. The rest is history.
As I and my associate continued to spend countless days contacting the media to alert investors of what would eventually turn into America's financial apocalypse, just as I had predicted in my book with the same title, these efforts would be wasted in vain.
By the spring of 2008, after Bear Stearns was handed to JP Morgan at the complete risk of tax payers, I felt the critical need to do all that I could to alert the public that this was just the very early stages of what was to come. So I began posting my insights online in May, commencing with this article.
While I continued to contact the media for another year, my efforts were once again of no use. I finally realized that I had been black-balled by the criminal media industry.
As I began to study the tactics and psychology of this industry, I soon realized why I had been banned. I have discussed what I feel to be the reasons why the media has banned me in the past, but I will summarize them here:
(1) My analysis of the United States was so brutally accurate, it threatened to alert the masses of widespread fraud, criminal activity and incompetence from the public and private sectors. This would not be good to educate a population that the media and Washington had worked so hard to keep in the dark.
(2) My detailed treatment of America's #1 and #2 problems - free trade and healthcare, being very hot political issues, would threaten political agendas and corporate interests, especially with an election on the horizon.
(3) My argument for a depression was irrefutable in my opinion. No expert anywhere would be able to thwart this analysis. This would threaten the revenues of Wall Street.
(4) It was clear to media executives that I could not be bought off by being provided with a media stage so as to market myself in exchange for (potentially) millions of dollars that would result from leveraging any media "celebrity" that might result from coverage. As a result, I posed a threat to Wall Street because I would expose the truth. This of course, posed a threat to the financial media, as Wall Street is their largest financial client.
(5) I am not Jewish nor am I connected to the Jewish network that controls the media (this was something I only realized later on).
By early 2008, I realized precisely how the media worked. This explained why I was banned.
And I'm never going to forget this. You shouldn't either because I can guarantee you that a good portion of your investment losses were directly due to the media preventing me from warning you about this collapse.
Unlike a few select individuals who were allowed to sell their doom and gloom investment strategies on financial networks (despite the fact that you might think this does not bode well for Wall Street's business, it actually does in many ways), if given the chance, I would have insisted investors pull out of the market completely and wait for the collapse. The only exception to this is if I would have been interviewed regularly. In that case, I would have tried to guide investors over each time period. I would have offered detailed forecasts and guidance.
Those who were provided with regular media appearances failed to guide investors appropriately. They were concerned with generating business for themselves. And that, they did.
I don't sell securities and I didn't even have a newsletter back in 2008, so I had absolutely NO agendas or bias.
Thinking about these things and considering my track record, especially when held to the track record of the media hacks, you should be OUTRAGED.
You should be on a relentless mission to do whatever you can to ensure the media changes.
Of course, this would require an inexhaustible effort from numerous individuals, all working together, organized, with a plan, and with a passion.
If you do not act now, if you do not organize with relentless drive and an effective strategy, I will guarantee you that the media will be responsible for screwing you over and over.
And don't come running to me when it happens. You have been warned; many, many times. I have already told you what you must do to prevent this from happening again. So if you do not act now and forever, until you have made a sufficient impact, you will only have yourselves to blame when you get taken.
I won't have any more sympathy for you being taken by Wall Street because the key to prevent this cycle of fraud is to ensure that the media becomes more responsible.
You need to let the media know you understand their game and you won't listen, read or watch until they get rid of the hacks, idiots, liars and agenda-filled, biased losers with miserable track records.
I have provided you with the key to avoid getting blasted by the market. It's up to you to make it work.
Even in 2008, most of the so-called experts (the liars and idiots in the media club) were in denial.
I ask you to research what these individuals were saying.
There were hundreds of hacks who got it completely wrong.
Sadly, as is always the case, virtually everyone has forgotten just how wrong these "experts" were.
The first real estate "expert" that comes to (my) mind is "Dr." Danielle Babb, promoted by FOX Business as a real estate expert.
I recall Babb arguing with Peter Schiff that real estate had bottomed (note I only recall this from researching track records on You Tube. I DO NOT HAVE CABLE TV because I don't like to waste my time with trash; I suggest you get rid of your cable as well).
You can imagine Schiff LOVED the opportunity to go up against an individual who obviously had no idea what she was talking about.
Let's have a look (I was unable to find the clip on YouTube, but I found it on Babb's own website).
Check the video dated November 20, 2007.
It's no wonder why Schiff is seen by so many as a prophet.
He was consistently matched up against clueless idiots!
Let's have a look at Babb a few days before this.
Wow. She is up against a REALTOR?
These are experts?
It looks more to me like "interviews with airheads."
Let me ask you something. If you want to understand the economics of the automotive industry, hoping to obtain an insightful analysis and forecasts about this industry for the purposes of helping consumers, would you ask a car salesman what he thinks or would you as a professional analyst with no bias?
You'd want to hear from someone who does research as an occupation of course. And hopefully, you could find such a person who was not tied into agendas (which is very rare).
Asking a realtor about the state of the real estate market is like asking a car salesman about the auto sales market!
They are both in the business of sales so they have no idea what is going on other than their own encounters, which is not representative of the industry. In addition, they have no idea about the macroeconomic variables outside of their industry that are essential to make forecasts.
It is a complete joke that any journalist would ever interview a real estate agent. They are cheerleaders!
Once again, Babb states that it's a "good buying opportunity" for anyone who plans to stay in their home for seven years.
Then she states that now (November 2, 2007) is a good opportunity to buy real estate as long as you don't plan to flip it by next spring.
Babb seems confused, perhaps unsure of herself when asked to lay it on the table.
It should be apparent that this is a women who is not a real estate analyst, at least not by definition.
In fact, she appears to be more clueless than the everyday person on the street.
Since that interview, real estate has declined on average by about 25% (rough estimate).
And of course, notice how Cavuto endorses the realtor, pumping her up so as to create the perception of credibility.
The only problem is that Cavuto is an idiot and has no idea what he is talking about.
I'll get back to Cavuto in the future.
Finally, notice that Babb's real occupation is revealed. She is a REALTOR, not a real estate expert.
To show you how the media continues to screw people, watch here, just a few months later, as Dr. Babb, apparently humiliated by her dreadful call in real estate, now markets herself as an online money expert.
How can the media EVER acknowledge Babb again??
This is by NO MEANS an isolated event. It's a very common practice with the media.
They don't conduct any due diligence whatsoever.
Once you are in the media club, you are in for life as long as you abide by the rules of the game, which usually means serving as an industry hack (since the media obtains most of its revenues from corporations).
Next, just two months later, Babb appears on FOX, and completely flip flops!
Notice she is introduced as a real estate analyst.
What real estate research firm does she work for?
I suppose neither FOX nor Babb understands the proper use of the term "analyst."
Hopefully, you now realize that the media makes its guests out to be experts with bogus titles.
Then, six months later, Babb appears on FOX Business along with another "expert," a writer for the Wall Street Journal blog.
Notice how the host states that "Danny has been on the front lines of the real estate market for a long time."
She claims that she was getting "thousands of emails per week.'
I would imagine that she got a few dozen per week telling her to stay off the air.
For those who don't keep a written record of these "experts," it appears that Babb knows what she's talking about because she has been placed alongside of a complete idiot and hack, who claims that "we have come out of the largest real estate bubble in history; maybe not as big as Japan...."
So we have already come out of the mess in 2008?
This bubble wasn't more severe than in Japan?
During this second segment, Fannie and Freddie were in the process of being moved into conservatorship by the U.S. Government. Over the next 6-8 weeks, we saw the collapse of the financial industry - Washington Mutual, Lehman, AIG, the forced buyout of Merrill and so on. Yet, you don't hear any of these clowns warn about these things.
As you can imagine, as a member of the media club, Babb continues to pump her "get-rich-quick" BS on TV. But wait a minute.
I thought she was a real estate expert.
Notice the sheep who calls in, complimenting her without having bothered to have researched her track record. He is typical of the sheep who listen to the media.
Here she is again in April 2009, on Cavuto, the idiot hack.
Her media appearances go on and on and on.
Not that her bio would even matter at this point. It should be clear to you that she is nothing more than an opportunist, similar to Kevin Trudeau.
She looks for a market and positions herself as an expert with the media's help.
And when that doesn't pan out, she looks for the next gig.
Let's have a look anyway...
"Dr. Danielle Babb is a consultant for real estate organizations, where her primary goal is to help them survive the coming wave of technology. She has a Ph.D. in Organization and Management with a Technology Emphasis, and M.B.A. with a Technology Emphasis, and a Bachelor’s degree in Business. Dr. Babb is an adjunct faculty member at seven area colleges, including: Indiana Wesleyan University, Capella University, Baker College, American College of Computer and Information Sciences, Walden, and North Central University, where she teaches courses on IT practices affecting all areas of business. Dani is a California Licensed Real Estate Professional."
As I have discussed in the past, you should always be skeptical of anyone who makes a point to call him/herself a "Dr.," when they have a Ph.D. The designation is often used as a way to add instant credibility, despite the fact that the "Dr." often does not have a doctorate in the field which they claim to have expertise!
She teaches online courses related to IT practices?
That doesn't sound too revealing to me. But it certainly has nothing to do with real estate.
Note also that she does not state where she got her Ph.D. from. You should wonder what she is hiding.
Could it be that her degree was from a diploma mill?
This is just one of many examples that build a good case that the media should be sued for misrepresentation at the very least.
Perhaps the most pathetic outcome of this is that more people have read her book discussing how to make money teaching online than have read any of my books!
That is the result when one person is a part of the media club while the other has been black-balled by the media.
On the other hand, maybe her book offers an easy way to make money.
After all, if Babb can make money teaching online courses, who can't?
Notice that she's in with Simon and Schuster and Wiley, while I can't get anyone to publish my books.
I predict that someday (not anytime soon) once the real estate market strong again, Babb will return as a "real estate expert."
I'm confident you will see her on TV, introduced as a real estate expert.
She will change her website to reflect her "real estate expertise," much like it was in 2007.
I hope you remember her track record.
One thing I'll say about Babb. She's an attractive lady, which could account for at least part of the reason why she is in the media club (you will recall one of my articles on CNBC and FOX's Babes and Bimbos).
I hope you are starting to realize what a fraudulent industry the media is.
You need to research this and remember who these clowns are, so you can black list them as liars, idiots or frauds.
Regardless how you decide to categorize them, the key is to avoid what they say for the rest of your life.
I want you to research other "experts" track records.
Check You Tube and other sources for Ben Stein, Kudlow and the others.
It's a good exercise that will condition you to do this from now on.
Now, as I am going to show you here, with just a few charts....nothing more than these charts, everyone should have been aware of the widespread and devastating consequences of the largest real estate bubble in U.S. history.
Now, I only recently found these charts so I didn't have the benefit of using them in my own analysis.
And as many of you know, my analysis was fairly detailed and specific, with comprehensive ramifications.
Regardless, even if you had been aware of these charts you should have been able to see that there would be a big problem in the real estate market.
Even if you were unaware of the mortgage-backed securities market, the sheer size of the outstanding mortgages, you should have realized that all that was required for a mortgage was to fog a mirror.
That said, can you ever excuse or forgive the so-called experts the media turns to for missing this?
This is supposed to be their expertise. Americans (mistakenly) rely on these individuals to guide them through or alert them in advance to problems of this magnitude.
They failed, as they always have.
You should never trust the media again.
If you do, you will only have yourselves to blame.
That said, the more you research just how wrong these media club morons have been, I hope you can appreciate why I do not plan to write anymore books discussing economic and investment forecasts in the future.
Alternatively, if I decide to release any future books that are capable of turning media idiots into experts, I may sell them directly so I can keep track of who is receiving the information. And that won't be possible without a larger website audience because I would need a certain number of preorders to justify the time, effort and costs involved.
Let me spell it out for you. These idiots have the media distribution. They have no idea what they are talking about. So I risk having my forecasts used by these idiots. And I won't have that.
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