It’s been endless. Ever since Obama has entered office, he has continued to fool Americans by expressing his “outrage” and “shamefulness” of these ridiculous taxpayer-funded banking bonuses. Yet, the fact is that Obama has been playing naïve Americans. It’s all an act designed to convince you he’s mad. Yet, he has done nothing, proving what a puppet he really is. When will this charade end?
Read moreFor some strange reason, economists, and those who actually give credence to what they say seem to think that a single period eighty years ago set a precedent cast in stone for what to expect from this depression. As a result, the masters of propaganda continue to insist that you cannot have a depression without deflation.
Read moreFor several months now, I’ve heard all of this talk of hyperinflation. I’m sure you have too. I’ve seen that word so many times over the past year that I might have even used it without realizing it.
Read moreThe following piece is a response to SA Editor, Racheal Granby's wrap-up of a recent Barron's article titled "Ten Stocks to Hold Long-Term." Granby writes, "With the Dow off more than 50% from its October 2007 peak, there's rarely been a better time for long-term investors to pick up stocks on the cheap. Barron's put together a list of ten great stocks to hold for five years or longer."
Read moreThe 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. What should you do? If you are a long-term investor, you should gradually start buying int...
Read morePosting When It Matters I want to thank those of you who've patiently waited during my apparent hiatus. I certainly wasn't on vacation. I don't take vacations. As I've said in the past, I'm not one ...
Read moreNOTE: 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 releas...
Read moreDespite the strong closing bounce off the new intraday low of around 7400 reached on Friday, it’s likely the Dow has further downside. These lows may not occur for another 12-18 months.
Read moreLast Friday the 21st, the market staged a huge closing rally upon announcement of New York Federal Reserve President and member of the Council on Foreign Relations, Timothy Geithner as the next Secretary of Treasury. This rally should come as no surprise to those who understand how things really work. Unlike the European Central Bank, the Federal Reserve has as its only mission to protect the interests of the banking cartel and insiders who control the stock market. Don’t let the lies fro...
Read moreAs a desperate attempt to stop the bleeding, banks are stepping up with further efforts to protect delinquent homeowners. To date, this represents the most radical effort to stop the avalanche of foreclosures. It’s thought these ridiculous bailouts will help restore the housing market which will provide more stability to the economy. The problem is that these plans are still insufficient to make any impact. And there is nothing to absorb the massive inventory of housing. If Washington wan...
Read moreMaybe there's a good reason why CNBC has a show called Fast Money. If you follow the advice of these guys, your money is likely to evaporate very fast. Likewise, I'm beginning to see why Cramer's show is called Mad Money. You're likely to get mad if you follow his advice. Or maybe you have to be a mad man to watch it.
Read moreBlind Man’s Bluff Most of us have played Blind Man’s Bluff as children. It’s such a popular game among kids that several versions now exist. In case you don’t remember, here’s the original version. A person is blindfolded and referred to as “it.” Everyone runs around trying to avoid being touched (tagged) by this person (it). If they are tagged they lose the game and become spectators. The game continues until “it” has tagged everyone. In a...
Read moreAccountability is a Must Would I support a bailout? Maybe. But that’s a very big maybe. At the very least I would need to see a clear plan with specific guidelines, executed by credible and competent leaders; not one man who appears to be lost. They would all need to be held accountable. And I mean ACCOUNTABLE. But such a plan would need to focus on job creation, not bankers’ salvation. We need a bailout for Americans, not bankers. Americans need jobs; good jobs with goo...
Read moreBailout or Not. Depression is Upon Us McCain, along with Paulson, Bernanke, Bush and others are using scare tactics hoping to rush the approval of this historic banking bailout plan. Threats of a “disaster” and a “severe economic crisis” have been interpreted by the media as a “depression” if the bill is not passed immediately. Politicians continue to scare the public stating that without a bailout, pension and 401(k) plans will be threatened. Are the condi...
Read moreUnderstand this. The current structure of free trade only benefits U.S. corporations, their wealthy elite shareholders and the most impoverished segment of developing nations. Anyone who tells you free trade in its current form is a good deal is either from corporate America, Washington or from developing nations. Free trade will only work for everyone if the playing field is level. But that is not the case. How can you have fair trade when America’s trading partners have universal health...
Read moreSearching for Sanity Wall Street’s business model is broken. The high stakes game of Russian roulette which Wall Street never seemed to lose, is taking them down one by one. Commercial banks aren’t in much better shape either. In fact, the business model of the entire financial system is broken. And the pain is only going to get worse. Facing pressure from the Federal Reserve and the SEC, in July the Financial Accounting Standards Board withdrew a newly passed rule requiring banks...
Read moreBank of America’s buyout of Merrill Lynch seemed laughable to me - that is until I realized the full picture. With a $50 billion all-stock deal valued at $29 per share, at first glance it might appear that Bank of America doesn’t stand to lose much considering its stock is at least 50% overvalued by my analysis.
Read moreAlthough not yet official, the verdict is on the way. Bear Stearns led the death march a few months ago. Now, Lehman’s bankruptcy filing signals the halfway mark of what will end up being the death of Wall Street. Now Goldman Sachs stands alone as the sole remaining true Wall Street firm.
Read moreNOTE: 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 rele...
Read moreI Repeat… I continue to be amazed by so many out there, from the pundits with their agendas to the so-called experts who zoom in on every grain of short-term optimism with an electron microscope while explaining away the reality. Not much has changed since I last wrote. Let me repeat in case you haven’t been following me. We are going to see… - An earnings meltdown - Hundreds of bank failures over the next few years - Hundreds of hedge fund blow ups - Soaring corporate d...
Read moreMr. Greenspan, you have been the individual most responsible for the current crisis; a crisis which commenced only a few years after you tried to minimize the dotcom collapse, which of course you also created. By flooding the banks with ridiculously low interest rates you thought this Ponzi scheme economy could run on worthless money forever. But when you saw the end was coming, you quietly made your exit.
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