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Gold bugs and dealers alike have pumped out so many misconceptions and flat out lies about gold, silver, and the economy that it would be impossible for me to set the story straight in a single article; that's saying a lot considering the fact that my articles tend to be rather lengthy. However, I have previously written several articles that address the majority of the most common of these myths and lies (check the end of this article for a partial list).
If you have been sucked into the vortex of lies from these charlatans, you could stand to lose a HUGE amount of money over the next several years as the gold bull market comes to an end.
And if you really think gold will never again fall below $1000 as Marc Faber the gold-pumping clown has "guaranteed," I regret to inform you that you're a damn fool. Why would you even trust what a man who is always preaching doom has to say?
Moreover, if you really think the Dow Jones is headed to 1000 like Robert Prechter insists, you aren't thinking straight.
And if you think the euro and even the European economy is in better shape that the U.S. dollar and the U.S. economy, as Peter Schiff insists you might want to check yourself into the loony bin. And you can take these clowns with you.
Perhaps the real reason for the ridiculous statements and claims made by these men is due to FINANCIAL INCENTIVES.
Every single one of these gold hacks is making money in some way from pumping gold and making gross exaggerations about the U.S. economy.
The fact is that they are making false statements and coming to ridiculous conclusions in order to line their pockets with YOUR money.
Having no bias is no guarantee that you will be right, but it is something all investors should look for.
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In Part 1 of this series, I tried to lay the ground work. Here I'm going to start getting into the meat of the topic.
Now, if you have not already read this hatchet job on John Williams, I want to encourage you to do so. After reading it, hopefully you will understand how Williams and the rest of these gold bug clowns have been lying to you.
Dismantling John Williams' Hyperinflation Predictions
Ask yourself how much is this piece on Williams worth to you in terms of educating you and pointing you into investment reality. I would venture to say that if you asked that question about all of the articles I write, your answer will come up the same at lest 90% of the time. And the answer will be "very valuable."
I know this because I know what kind of bullshit Main Street is fed by the financial media and even by most financial professionals.And it appears that I am the only person who has the balls to expose the lies and liars who are so prevalent in the industry.
The exaggerated claims and bold-faced lies spread throughout the financial media are endless. Perhaps the most widespread lie today is that the United States faces "imminent hyperinflation" due to "massive currency printing."
There are three things you will notice about those who make such claims.
1. They have no or very little real credibility.
2. They have a vested interest in gold.
3. They believe gold hedges against inflation.
Regardless of the fantasies described by these con men, they always position gold as the key to survival; excuse me while I pause to laugh.
Are there no gold hacks who can effectively challenge what I state about gold, the economy and hyperinflation?
No there are not. They have had a good three years to do this yet they have not said a word.
Why have none of these clowns responded to anything I have written about gold or hyperinflation?
The reason should be obvious. I'm right and they're wrong. And gold hacks don't care about being right. They only care about conning you because they want to TAKE YOUR MONEY.
Even the senior gold analyst at Kitco agrees with my views on gold, hyperinflation and manipulation of gold by hacks.
Wait a minute. You have an analyst who works for a gold company who agrees with ME and NOT the gold bugs?
While Nader agrees with my views, this is nothing of any surprise because every truly sophisticated investor knows I am 100% correct. The surprising thing here is that Nader has a vested interest in promoting gold. Apparently, he is a rare bird in reporting reality, or at least what he deems to be reality.
Kitco Senior Gold Analyst Agrees with My Views on Gold
But don't think for a split second that Kitco is a trusted and unbiased source of insight. Kitco banned me long ago because I wasn't pumping gold. Instead, I offered global macroeconomic insights that had implications for gold and silver pricing. Kitco only wants dribble.
Remember, this is a gold company that kisses the ass of all of the gold hacks; not because they are legit, because they most certainly aren't; but only because they are helping boost the revenues of Kitco by luring sheep into these metals.
Part of this game of lies and deception by gold dealers also involves individuals who function to encourage individuals to buy gold from unspecified sources as a means by which to drive the price of gold upwards.
I have written several articles detailing the motives and means of these charlatans. A partial list of these articles is presented at the end of this piece.
In virtually all cases, the tools of this propaganda machine have emphasized that those who are worried over the fate of the U.S. dollar are to buy ONLY physical gold and silver.
This advice points to the motive behind their message, as gold dealers (which have spent hundreds of millions of dollars for paid endorsements and advertisements) would not see a return on their marketing investment if individuals bought gold ETFs.
Haven't you ever wondered why these clowns are always insisting that you buy physical gold rather than gold ETFs?
Think about it. If you buy ETFs, they won't be able to ding with those huge fees they charge.
Moreover, the sad reality is that if you buy physical gold or silver, you're stuck with very little ability to trade the price volatility. And that's a huge disadvantage. If you disagree with that assessment, then you haven't been paying attention to the price volatility of gold and silver over the past few years.
I specifically recommended buying gold ETFs in America's Financial Apocalypse because I stated that it was important to trade the volatility as a way to reduce risk.
This advice - buying gold and silver ETFs instead of the physical metals in order to save money on fees, have greater liquidity and reduce your risk through trading the price volatility - accounts for the main reason why I have been banned by virtually every single radio show. This is a statement of fact.
Meanwhile, radio shows and TV shows alike continue to interview clowns with very little or any credibility, so long as they pump gold.
Think about it...Virtually every radio show has been reigning in huge ad revenues from precious metals dealers over the past few years.
We already saw how Glenn Beck hand-picks the guests on his radio and TV show based on if they were doomsday gold bugs.
If they were credible, he isn't interested in airing them. Why? After all, isn't the media's job to air credible experts?
Of course NOT!
The media's job is to MAKE MONEY.
And they don't give a damn how much they have to lie in order to achieve this goal. That is specifically why the media is in the business of selling advertisements.
In a battle between corporations who pay for ads in order to get consumers to buy their goods, which do you think is the winning side - consumers or the media and their corporate customers?
In order to carry out this daily scam, the media always positions its sources as credible experts hoping you will not bother to check their track records and agendas. After all, if the media can convince you that their sources are legit, you will tune in, right?
Remember folks, there's no such thing as a free lunch as I have discussed in the past. See here to learn critical differences between free versus paid content.
If you think you are getting something for free, you are revealing just how naive you really are because I can assure you that you're getting screwed.
And every time you tune in, read an article or a website that's based on the advertisement model, you are sending the media establishment money with which to reinvest in its deceitful operations; in essence, you are fueling the monster yourself!
Even if you don't click on an ad, you are still generating money for the website because many ad prices are based on page views.
The fact is there is NO law stating that the media has to be honest. In fact, the media is protected under First Amendment rights, so TV and radio broadcasters can say anything they want and reporters can write anything they want. That's right folks. If you don't believe me, speak to an attorney to confirm this.
It gets even worse. The media doesn't even have a code of ethics whereby the employees pledge to tell the truth!
Remember people, if gold is such a great investment...
...if gold is headed to the moon as all the gold dealers insist...
...why in the hell are they spending HUNDREDS of MILLIONS of DOLLARS trying to convince you to buy it from them?
Why don't these gold dealers just hoard gold and wait for it to soar??
Someone needs to ask Peter Schiff, Marc Faber and all of the other gold pumpers, hyperinflation and doomsday delusionists these questions.
Remember, Schiff is the same man who six years ago insisted the U.S. would face hyperinflation and the dollar would go to 0. The same can be said of Faber.
In fact, virtually every other gold charlatan and doomsday clown in this network made the same claims, or have you already forgotten?
Six years later, after the financial crisis and global economic blowout and the U.S. isn't even experiencing normal inflation!
Why Hyperinflation Isn't Coming to the U.S.
In addition, as Europe continues to implode, Schiff keeps claiming that the euro is safer than the U.S. dollar! WOW.
Today, as the U.S. dollar remains strong, the U.S. stock market closes in on all-time highs, inflation remains in check, these clowns refuse to address their miserable predictions. Instead, they distract their sheep with more buzz words and phrases that really have little meaning such as "currency wars."
Based on Schiff's terrible track record and ridiculous statements, in my opinion, anyone who has money with Schiff's Europacific Capital is a damn fool.
And you know what they say about fools and money.
[If Mr. Schiff would like to make his case to me as to why I should not be worried about his "investment strategy" on a neutral platform (live), I am willing to listen, BUT he must allow me the chance to respond.]
GOLD ARTICLES
(do NOT read one and form your opinion; you can
only obtain the full picture by reading each article)
Kitco: The CNBC of Gold
Manipulation of Gold and Silver Prices
Understanding the Proper Use of Gold and Silver
Kitco Senior Gold Analyst Agrees with My Views on Gold
Dismantling John Williams' Hyperinflation Predictions
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 1)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 2)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 3)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 4)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 5)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 6)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 7)
Debunking the Myth that China is Selling U.S. Treasury Securities
The Importance Of China To The US Economy
Understanding Manipulation of Gold by the Media
Gold Propaganda from Raymond Dalio
We Predicted The Market Selloff Yet Again
You can find much more about charlatans by accessing our massive and constantly expanding Encyclopedia of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
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