"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

Fair Value is Here, But Watch Out Below

The stock market (the DJIA) is now very close to fair value from a long-term perspective (if that even means anything to an individual investor, which it may not). Those who read America’s Financial Apocalypse (the original expanded version) will recall that at the time (2006) I demonstrated how the fair value was around 6200. But fair value doesn’t mean the market won’t go any lower. It’s likely to fall considerably lower. I’ll explain below. I decided to do a Q&A format so I can cover more material in less time.

How much lower could the Dow fall?
Virtually no level below 6000 would shock me other than below 3000.
What is most likely?
Who knows? Things change daily. Right now, in a best-case scenario I see Dow 5800. The most likely scenario would be 4800-5600. I’m trying to be optimistic, but I fear we will see Dow 4000s, maybe lower. Remember, reversion to the mean almost always includes overshooting the mean. In other words, the stock market is likely to head considerably lower.
When will the market bottom? Who knows? If you want my guess, I would say sometime in 2010, maybe 2011. The point is that I would not expect a bottom to be made in 2009, unless we see massive sell-offs from current levels (unlikely right now).
How much lower could the S&P fall? The S&P 500 still has a way to fall before it reaches fair value in my opinion. Based upon my forecasts for earnings, I would say 550 is fair value. Assuming it overshoots, I would expect to see 450-500.
What should you do? If you are a long-term investor, you should gradually start buying into the market in small increments. Only the best names, companies with little or no debt and market leadership; companies that pay cash dividends; dividends that are relatively safe (check free cash flows, debt levels for starters). That means buy slowly with small amounts with no rush. If you are already fully or majority invested, save your cash for a day when the last thing you want to do is buy stocks. That will be the day to spend your last dime buying. We certainly have been gaining steam towards that end. The problem is that a continued 2-4% sell off each day doesn’t by itself instill the kind of fear that brings the big money it. I’d like to see a 6-9% loss day from here. If you see it, chances are it will be a big day to buy.
What is a long-term investor? Someone with an investment horizon of at least 15 years, preferably 20.
If I think it’s going lower, why am I telling you to start buying? If you try to pinpoint the bottom, you will miss everything. 
Will we see a rally? Of course. When? I would say a rally could come soon. But once again, no one knows. Anyone who claims to know is a fool. You have to take things day by day. I’d expect such a rally to be triggered by some relatively trivial news or data set. Wall Street will make a big deal over it looking for an excuse to rally. The forces in play are setting up for a rally. Focus on market psychology and don’t waste time on this VXN and VIX rubbish…..they are coincident indicators. Technical analysis is fairly useless right now.
What happens if you start making money soon after you buy, say if a rally occurs? Sell, sit back and be patient. Let more bad news come in and see how the market reacts.
What about investors already stuck in the market with investment horizons less than 15 years? All you can do now is pray. You should have securities that pay nice dividends. Remember, if a stock doesn’t pay dividends, it’s only worth what someone is willing to pay for it. It’s similar to artwork. I don’t care what anyone says. Dividend payouts provide a real return on investment.
Despite the terrible price paid for Wyeth, I still like Pfizer at these levels. I’m pretty upset at management’s selection of Wyeth and I got stuck at $15. Until it moves I’ll sit back and collect the dividends. Once I get out I don’t plan to buy PFE back until I see some real results. I also like Unitedhealth (although there’s no real dividend). Those who bought it after I kept recommending it several months ago hopefully took profits by now. If so, you should consider reloading.
There are several others as well like Alcoa and Dow Chemical. If these pop, take profits and take a wait-and-see approach. I do not foresee these two getting much worse. Debt levels appear to be manageable. DOW might be on the hook for a big breakup from the ROH deal but I’d say that’s factored into the price. However, anything can happen. Have a look at the financials and you decide. Throughout your “bargain-hunting” binge, keep this in mind. As I warned several months ago, we are going to see several big name companies join the list of hundreds of other that will file for bankruptcy. Things are worse than even I predicted, so be careful.
What’s a big name that no one has talked about that seems to be in deep trouble? You all know I recommended shorting the banks, mortgage and homebuilders over 2 years ago. I also warned about GE and GM two years ago. And I reiterated that all throughout last year. Those guys are old news now. The smart money won’t touch them either short or long because there’s too much uncertainty. But has anyone said anything about CAT? Have a look at its financials. Over $35B in debt, with more than 75% of its business overseas, CAT is going to face some REALLY big problems, especially when the commercial real estate market fully collapses. I expect that market to tank worse than residential.
What about the oil trusts? I still like them but as you can appreciate, they too face potential problems. 
Where is oil headed? I’m surprised oil is holding the 40s. I would say most likely in the mid-20s, but don’t count out the mid-teens. Of course, oil is near impossible to call due to the manipulation on the futures market and OPEC. If oil does fall to the mid-teens, you won’t find many oil trusts that will be able to pay dividends. These trusts should be focusing on paying off debt. After speaking with the IR of one of the oil trusts, I was shocked at their lack of understanding of what is going on. They only follow the futures market, which is a myopic approach. Still, as a group, in my opinion the oil trusts are still one of the best risk-adjusted investments in the market right now. Once again, they are for investors who want a long-term source of income (not guaranteed). Those who have held them the longest know this, as their cost basis is likely to be 0.
What else is noteworthy? The UK is in deep trouble and might even have to declare bankruptcy before this depression ends. Eastern Europe is in even worse shape. Meanwhile, the IMF won’t be able to help much without some type of recapitalization, probably from the USA. That means all of Europe is in trouble. But we cannot forget Russia either. As bad as things are in America, as long as the dollar remains the universal currency, things won’t get as bad as in Europe.
I still believe the dollar has not made its lows yet, but it won’t face the kind of butchering as the Euro and Pound. If it did, I would expect America to go to war. The dollar might hold strength for a while, but once the dust starts to settle in a few years, the inflation bug is likely to smash it.
Keep in mind that I don’t deal with short-term currency forecasts. I only look at trends to help me forecast global equities and bond markets. Of course the problem is that the further out your forecasts are, the higher chance they will be wrong. 
What’s the future of the Euro. I’m sure many of you will disagree, but I have always felt it won’t last due to the problems with destruction of individual sovereignty of each member. The global depression has magnified these effects. I would be surprised if the Euro was still around with all current members after 2020. If either Germany or France defects, it won’t last.
As discussed many times, I still like Brazil and China down the road (in that order). When signs of recovery begin, America is likely to demonstrate a fictitious recovery (unless it is the aftermaths of a war). The recovery in Brazil and China will be real. Certain nations in the Middle East will be the least affected by the global depression but I certainly wouldn’t invest there. Be patient. There is much more bad news to come. When the US seems to be on the road to recovery, I’d be looking to Brazil and China.
You should note that in the past I have been extremely accurate calling market sell-offs. My record is online. You should also note that this is the first time in over three years I have issued a market buy. But once again, you should only consider buying if you are a really good trader or your investment horizon is long. And you shouldn’t rush in. Buy in gradually as the market makes new lows. Maximizing liquidity is essential, so you are best positioned if you trade short-term.
When will we see capitulation? This market is not likely to show a typical capitulation, triggering the next bull market. The next bull market is likely to come over the next 12-24 months due to what will end up being much more government money pumped into the economy. However, this potential bull run will be short and will likely have a large correction. When you see signs of the rally, jump on board for the ride. But remember it won’t last so look for signs when to bail. I’m really going out on a limb here, because it’s so far off and it relies on many more stimulus and bailout packages, as well as the timing of thousands of events. One thing you can be sure of; there WILL be many more bailout packages and stimulus plans as I first predicted in the summer of 2008.
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