"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

Stay Clear of Traditional Asset Classes

Washington continues to manipulate economic data, as it has for several years. The past few Establishment Survey reports confirm the deception of data, as many more jobs were lost than official numbers indicate. A better gauge of economic weakness, in my opinion, is consumer and mortgage late-payment and default rates, since this data is more difficult to manipulate. This is especially true for late credit card payments.

Washington continues this deception in order to extend the illusion of economic growth. It keeps consumer confidence high, promising excess consumption. Asia and Europe are happy to finance America’s debt because this keeps interest rates low in the U.S., which provides consumers with inexpensive credit to spend more of what they don’t have, mainly on imports.

Think about it. When money is tight, households struggle just to get by. Most families end up spending so much on gas, food, healthcare and schooling that they don’t have much left over for that LCD widescreen, a new computer, or a fuel-efficient car; you know – the stuff that comes from Asia and Europe. Foreign economies feel the effects when U.S. consumers aren’t spending.

A weak economy also hurts U.S. companies. In response, they cut expenses by lowering employee benefits and sending jobs overseas. The low labor costs provides consumers with less expensive electronics, automobiles, textiles, furniture and many other items, most of which are now made overseas.

Asia and Europe finance Washington’s wasteful spending because it keeps interest rates low, which makes credit inexpensive. So consumers have access to inexpensive credit which allows them to buy that BMW or plasma TV, Washington has money to waste in Iraq, and foreigners experience improved living standards via jobs created by U.S. companies.

But hasn’t this helped U.S. consumers? After all, Americans can now buy a nice laptop for $400. Who cares? What matters is that they’re paying ridiculous prices for basic necessities – gasoline, food, education, and healthcare. Washington needs to rethink its economic policies. Americans should be empowered as workers first and consumers second. Only in this way will America be able sustain economic productivity.

Instead, U.S. corporations and foreign workers are benefiting at the expense of working-class Americans, who continue to lose jobs due to outsourcing. If they’re lucky, displaced workers are now underemployed, working for much less and for no benefits at jobs that fail to utilize their talents and experience.

Others become the forgotten – discouraged workers, who can’t find work and are no longer counted in unemployment data. For working-class Americans, this ridiculous economic policy resembles a pyramid scheme. For the wealthy elite, large corporations, and foreign nations, it’s a gravy train.

No longer can Washington hide the painful correction that lies ahead. We are now seeing the early stages of what promises be the worst recession in decades. Yet, this is only a prelude of what to expect over the next several years. Washington’s ability and commitment to manipulate data will lead to further periods of economic deception.

But just as was accomplished in the 2004-2006 period by Alan “Bubblespan,” the consequences will be harsh thereafter. Throughout this challenging period, investors would be wise to consider realignment of their investment portfolios to reflect macroeconomic trends – precious metals, commodities, energy, TIPS, and foreign currencies.

I find it remarkable how so many continue to deny the problems in the economy. Just look at the data on foreclosures, home price declines, new and existing home sales, new housing permits, and consumer debt defaults.

Even with a banking system bailout by the Fed of over $1 trillion of taxpayer funds (with more to come) the credit crisis continues to worsen. This was not difficult to predict in advance if one had bothered to analyze the data. Yet, many still underestimate the consequences of a bubble economy that’s run out of air. Soon, consumers will fall flat on their face.

No amount of credit will ease the pain of record debt, the falling dollar, and soaring inflation. In fact, it will only worsen the blow. Bernanke is adding gasoline to the fire. Very few jobs have been created under President Bush, other than military, government-related positions and jobs with little or no benefits. Yet, all of these jobs contribute to official employment numbers.

Much of the private sector jobs created over the past few years came about via courtesy of Alan Greenspan’s real estate bubble – real estate agents, loan officers, mortgage bankers, construction, appraisers, etc. Needless to say, a good portion of these jobs no longer exist. And many more will disappear over the next two years.

Instead of wage and job growth – the typical elements of economic recoveries – the economy has been fueled primarily with cash-out financings since 2003. And now reality is setting in. Since 2004, Wall Street chose to focus on corporate profits. A four-year period of record profits caused the market to soar in 2007. But these gains were achieved by the cost advantages of outsourcing, excessive credit spending by consumers who used their homes as ATM machines, and inexpensive goods supplied by China (due to currency manipulation).

Thus, corporate America thrived while sending jobs overseas, adding to economic expansions in Asia, Europe, and Latin America. And this was enough to send the stock market well beyond previous highs. A year ago, most investors also focused only on corporate profits because that was the approach Wall Street took.

They did not consider the impact of many years of record deficits, wasteful spending in Iraq, record oil prices, rising inflation, muted real wage growth, and the declining dollar. Instead, they chose to believe the data from Washington without question – impressive unemployment, GDP, and inflation data. Despite record profits, even healthy companies froze pension plans and cut employee benefits because they can.

Shareholder value is all that matters to America’s corporations. American workers are now treated as commodities that can be replaced by less costly alternatives from Asia. But now, inflation coupled with massive job losses and frozen wages have added to the real estate fallout. How can Washington, Wall Street, and the media continue to deny the truth?

Now the Federal Reserve has come to the rescue – not to help consumers, but banks – passing out billions in U.S. Treasuries to the mega-banks in exchange for junk bonds. This has devalued the dollar further, which has led to higher oil prices, which has contributed significantly to massive inflation in food prices.

With continued devaluation of the dollar, there is no doubt this will be the worst recession in decades. As I predicted in 2006, we are now seeing the corrective effects of an economy propped up by the largest real estate bubble in U.S. history. And it’s only going to get worse.

Commercial mortgages have already started to weaken. As the economy weakens further, millions of prime mortgages could default. The non-borrowed banking reserves are negative. This means the U.S. banking system would be insolvent without the help of the Fed's printing presses. Yet, even with so much cash from the Fed, most banks are still struggling to unwind the 20-30:1 leverage built upon mortgage-related debt, most of which is junk.

The real inflation rate is already above 10%, despite Washington's official numbers, which it continues to twist using hedonics. If inflation is not a huge problem, why did the Fed stop reporting M3 last year, just when it hit a 33-year high? Why did Washington pull the Economic Indicators website on March 1, 2008? The excuse given was due to "budgetary constraints" which makes it even more obvious Washington is trying to avoid an all-out panic.

Greenspan caused this crisis, and Bernanke is finishing the job. While the EU central bank continues to emphasize monetary policies focused on inflation control to protect consumers, the Federal Reserve remains committed to the best interests of Wall Street and the banks, while U.S. consumers struggle with gas and food prices. It appears as if the Fed is willing to destroy the financial stability of consumers in order to protect the reckless and greedy behavior of the banks.

But the Fed cannot keep running away from the mistakes it has made. Applying band aids to holes in the Hoover Dam will only delay what will be a much more severe crisis at a later point. Greenspan used the same strategy after the Internet meltdown. And of course this resulted in the real estate bubble, which promises to create much harsher consequences.

At this juncture Bernanke really doesn’t have much of a choice because he let things deteriorate too far before reacting. It’s difficult to imagine that he didn’t see what was happening a year earlier. If he truly didn’t, he should resign and state incompetence as his reason. It’s almost as if he intentionally ignored the obvious and waited for a crisis so he could justify destroying the dollar through excessive inflation.

Why would Bernanke want to decimate the dollar even further? Given the unfair free trade policies of Washington, it looks as if the only solution to the record trade deficit is to wipe out the dollar. That might be the only way to regenerate domestic manufacturing. But this logic is flawed. No nation can have a good economy when its currency is weak. We already see how a weak dollar affects oil prices.

What purpose might inflation have? Well, for one, it would help Washington to pay off its massive debt. As well, GDP data would be boosted, creating the illusion of a recovery. America has consumed 6% more than it produced for over a decade. And it has relied on Asia and Europe to finance its spending spree. Clearly, the cumulative effects of this disparity have begun to correct.

The first attempt at payback was the Internet meltdown. But Greenspan insisted on stopping a full correction. As a result, we now see a much bigger payback – the real estate and banking crisis. Continuing in the tradition of Greenspan, Ben Bernanke won’t allow a full correction. The economy needs to feel the full pain of this bubble correction. This means no bank bailouts, stop the printing presses, and provide real help to consumers instead of a $600 gift certificate to Best Buy (BBY).

Washington needs to restructure free trade so that all nations are on a level playing field, provide tax incentives for corporations that create domestic manufacturing facilities. Thereafter, the economy would be positioned to start anew, with no further surprises down the road. Of course this won’t happen as long as lobbyists continue to buy off politicians.

Government bailouts create a moral hazard by rewarding irresponsibility at the expense of taxpayers. Ultimately, this ridiculous policy by the Fed reinforces the monopolistic characteristics seen in many of America’s industries, promising further devastation for consumers down the road. The boom-and-bust cycles created by the Fed’s reckless monetary policies ensures the continued decline of the U.S. Washington needs to understand that America’s excess consumption trends are becoming less advantageous to its Asian and European creditors since consumers have no more money to buy their goods.

In contrast, Asian and European consumers have double-digit savings rates. Soon, much of corporate America will relocate entire operations overseas, not only for labor cost advantages, but to serve what will soon represent its best consumers – three billion Asians with healthy household savings. This is certain to eliminate America’s edge in innovation due to the inevitable transfer of intellectual property seen under free trade economics. Finally, without the reckless spending of U.S. consumers, foreign nations will no longer have reason to hold U.S. Treasuries.

Already, every nation wants out of the dollar because they understand the worst is yet to come. In the next few years, there will most likely be a brief period whereby consumers think the worst is over. But this illusion will be due to the trickery of the Federal Reserve and Washington.

There is no way to avert the payback period that has been building for over two decades. And the entry of 80 million baby boomers into entitlement programs promises to push America deeper into a depression. It would be extraordinarily difficult to find a way out of this mess. Even expected benefit cuts for Medicare won’t help, as long as the healthcare industry is free to set prices as they chose.

In the best of scenarios, higher taxes and fewer medical benefits will force millions of boomers to spend what little they have on healthcare, with the rest going to food and utilities. Imagine what that will do to consumer spending.

By 2009, I expect corporate bankruptcies to soar, including several bank failures, perhaps hundreds. Already, the FDIC is beefing up its staff in anticipation of a more severe banking collapse. Most consumers won’t think much of it when these smaller banks fail because, rather than close their doors, the mega-banks with buy them using the printing presses of the Fed.

A few months ago, banks began the painful process of trying to write down bad mortgage debt. But mortgage defaults continued to pile up. So they had to keep writing down the debt more and more, until finally, much of it became virtually worthless.

In order to avoid a liquidity crisis, banks were forced to sell off their highest quality debt, causing more damage to the balance sheet. After the run on Bear Stearns (BSC), the Fed realized that any bank could become insolvent overnight. And that would cause a snowball effect. Therefore, Bernanke extended emergency funding options (once previously reserved for commercial banks) to investment banks – something not done since the Great Depression.

Now the Fed has increased reserves to $150 billion for May alone. Combined with another rate cut last week, the dollar will continue its downward spiral. Bernanke’s commitment to inflation will vaporize retirement savings in a few years unless radical changes are made.

Bank write downs will persist throughout the year and continue through at least 2009. Even that optimistic scenario won’t signal a buy for investors. It’s likely that many years will pass before the banking system recovers from this mess. Before it’s all said and done, most banks will face a huge dilution in earnings after issuing millions of new shares to private equity, LBO and sovereign funds.

In the meantime, there will be excellent trading opportunities if one has a strong stomach. Prior to its recent financing by TPG, I viewed Washington Mutual (WM) as the bank most at risk of insolvency. With over $7 billion of new cash, I still feel it will need a lot more cash or a lot of luck to remain solvent. Even Citigroup (C) isn’t out of the woods. Until it eliminates its dividend, I would not consider entering as a long-term investor. Keeping the dividend shows that management underestimates the problems.

Already, the Federal Reserve has pumped over $1 trillion into the banking system. Combined with the European Central Bank, over $1.5 trillion has been lent to banks in an attempt to restore liquidity.

In my estimates, an additional $1.5 to $2 trillion will be needed for absolute liquidity (barring a credit default swaps meltdown). If these estimates turn out to be correct, the dollar will collapse from current levels. Likewise, the real estate correction will most definitely persist for several years. But there will be select regions that will rebound much sooner.

Throughout this period, oil prices will climb higher, as will commodities and inflation. Finally, interest rates will soar. All of this could combine to keep real estate prices contained for several years.

I stand by my 2006 estimates for the real estate meltdown, with a 30% to 35% decline in real estate from peak levels across the nation. Thus far, there has been about a 15-18% decline from the peak. Other estimates I made in 2006 predict a 1-3% annualized return from the Dow during the current bear market period (the period beginning in 2001 and persisting through 2012). Thus far, this has held firmly in place. On an annualized basis, the Dow is up by about 1.5% since 2001. Furthermore, if you adjust the price of the Dow to account for the declining dollar, it stands at around 8500.

In total, the effects of the real estate and banking crisis will most likely cause total losses of over $10 trillion. Even without a global meltdown of the financial system, U.S. banks will end up losing up to $1 trillion–about six times the losses from the Savings and Loan crisis in 1988. Homeowners will lose about $6 trillion on paper from the value of their homes. And job losses due to the real estate and banking crisis will account for the remainder. Municipalities are already feeling the squeeze due to declining home values and record foreclosures.

Over the next two years, most cities will face huge budget deficits due to diminished sales and property tax revenues. California has already declared a state of fiscal emergency due to an estimated $20 billion budget deficit expected over the next 15 months.

Still, all of this may be minor compared to the increasing risk of a meltdown in the $40 trillion credit default swaps market. While some feel that a temporary decline in home values will not cause any damage to them, consider that the normal rate of home sales due to job changes, divorces, death, etc. will cause a substantial percentage of this devaluation to be transformed into real losses.

As well, the wealth effect that was created during the bubble has now flip-flopped into the poor effect. Even homeowners with no outstanding mortgage debt will feel the pain of collapsing home values. And this alone will crush consumer spending. Plummeting home values have already caused many to walk away rather than honor their mortgage obligation. Can you blame them?

Despite all of the obvious signs, Washington and Wall Street remain in denial, as do the puppet TV and radio journalists. While many are clueless, the others see what’s going on. But they don’t want to reveal the truth because they’re afraid it will create a self-fulfilling prophecy.

Sorry, it’s too late. Consumers already expect the worst. Accordingly, consumer confidence recently hit a 26-year low. Despite reports from much of Wall Street that the worst is over, there will be much more devastation in the coming years.

Even after the real estate and banking problems subside, the problems for consumers will only get worse. The average American will struggle to pay for food, energy and healthcare. Rather than the 33% peak unemployment rate seen during the depression, America will have 50-60% underemployment rate. Inflation for basic necessities will persist for many years.

Americans don’t need less expensive electronics. They need affordable prices for basic necessities – gasoline, food, and healthcare. Doesn’t it seem odd that the things Americans need most are experiencing a hyperinflation trend? When America’s inflation crisis began in the ‘70s, oil surged, gold skyrocketed and the economy was faced with a brutalizing transition. Back then, it was in much better position to weather the storm because it was the world’s leading creditor. It was also more self-sufficient in producing its oil needs.

Today, America is the world’s largest debtor, while relying on foreign nations for most of its oil demand. Even if peak oil proves to be a myth, continued conflicts in the Middle East combined with soaring oil demand from Asia promises to move oil prices higher in the coming years.

With rare exception, investors should stay clear of traditional asset classes. If you haven’t already done so, you’d be wise to invest in commodities, gold, oil trusts, and foreign currencies (Yen and Swiss Franc). In addition, investors without short investment horizons should have some exposure in China and Latin America. Keeping cash on hand is also advised. When the market sells off, you may choose to buy in.

But don’t expect it to last. Buying the U.S. market after sell offs and moving to cash after rebounds is the best way to navigate this storm. A buy-and-hold strategy will crush most investors. Once rates begin to soar, Washington will no longer be able to suppress inflation data. At that point TIPS will be a good investment.

Over the next decade, I expect gold, select foreign currencies, oil trusts, TIPS, Chinese and Latin American equities to significantly outperform the U.S. stock market. Watch out though, because if things get really bad, the entire world will be affected. But that will represent a buying opportunity in Chinese and Brazilian equities.

The only exception I would make for traditional U.S. equities would be an investment in select drug makers (Pfizer (PFE), Bristol Myers Squibb (BMY), GlaxoSmithKline (GSK) and Merck (MRK) for investors with long investment horizons. Sure, each one has its fair share of problems to contend with, namely pipeline issues. But they still represent America’s only legal monopoly via drug patents. And Medicare Part D promises to boost profits for many years to come.

Currently, the market is way overbought, both for the short and intermediate-term. At this point, it has much more downside than upside so you should consider taking some money off the table. You might want to initiate or add small positions in gold streetTracks Gold ETF (GLD), Northgate Minerals Corporation (NXG) and oil trusts (Pengrowth Energy Trust (PGH), Penn West Energy (PWE) and Permian Basin Royalty Trust (PBT) due to recent corrections. 

Finally, I would advise investors to consider taking some type of short position in financials pretty soon, preferably with an ETF, such as UltraShort Financials ProShares (SKF).


NOTE: Mike Stathis predicted the precise details of the financial crisis in his 2006 book, America's Financial Apocalypse.

The Jewish Mafia REFUSED to publish this landmark book because it exposed the widespread fraud committed by the Jewish Mafia.

Instead, the Jewish Mafia published useless marketing books written by their broken clock tribemens (like Peter Schiff's useless book which was wrong about most things and was written a year AFTER Stathis' book).

Stathis also released a book focusing on strategies to profit from the real estate collapse in early 2007.

The Jewish media crime bosses prefer to simply ignore those who speak the truth and threaten to expose them as the best way to hide the scams from the public.

In contrast, the Jewish media crime bosses continuously promote Jewish con men and clowns who have terrible track records as a way to enrich them all while steering the audience to their sponsors, most of which are Jewish Wall Street and related firms. Figure it out folks. It's not rocket science.


View Mike Stathis' Track Record here, herehere, here, here, here and here.



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Mike Stathis holds the best investment forecasting track record in the world since 2006.

View Mike Stathis' Track Record here, herehere, here, here, here and here.





So why does the media continue to BAN Stathis? 


Why does the media constantly air con men who have lousy track records?

These are critical questions to be answered.

You need to confront the media with these questions. 

Watch the following videos and you will learn the answer to these questions:

You Will Lose Your Ass If You Listen To The Media








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