"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

Blockbuster Then and Now: Lessons for Traders and Investors


It’s extraordinarily rare to find a book that provides specific securities analysis, enabling investors to profit based upon the recommendations. One of the reasons this is such a rare event is because there are so many variables that can change between the time the analysis has been made and when the book reaches readers. As a result, authors do not even attempt such an analysis. Of course another reason is due to the fact that most authors of investment books lack the practical experience needed to translate theory into reality.
Those who happened to read my 2006 book America’s Financial Apocalypse know well that I predicted virtually everything we see today, including a depression, a New Deal, the collapse of Fannie Mae and Freddie Mac, followed by a taxpayer bailout, the collapse of the commodities market, a major correction in the Chinese market and much more. It remains as the authoritative book on America’s economic collapse and is certain to remain valuable for many years to come.
Furthermore, since that time I have made every single major market call up and down, most having been published in the public domain. You can review just a few of these predictions here.
In addition, those who read Cashing in on the Real Estate Bubble (2006) will recall I specifically advised readers to consider shorting Fannie Mae, Freddie Mac, Accredited Lenders, Fremont General, Novistar Financial, the banks and homebuilders. I even provided a short selling tutorial and showed on each price chart when a short position should be considered. As you can imagine, those who followed these recommendations made up to 100%.
Now, I want to illustrate another example how you could have made a good deal of money from just one of the many case studies in my most recent book, The Wall Street Investment Bible. The following is a reprint from a section in this book, released in January 2009. 
“Blockbuster Inc. is a global provider of in-home rental, retail movie and game entertainment content. At its peak it had over 9000 stores in the United States and 27 countries. The first Blockbuster store opened in 1985 and seized the growing popularity of high cost “blockbuster” films that began during that period. Due to its strategy of piggybacking onto grocery chains’ customer base combined with very limited competition, Blockbuster grew rapidly to become a successful and well-known brand.
In 1994, Blockbuster was bought by Viacom. Perhaps Viacom had ideas of eventually using the Blockbuster’s brand recognition for delivering on-demand digital media. By February 2004, Viacom Inc. announced it would divest its 81.5 percent equity interest in the Blockbuster. This announcement occurred at a critical time for Blockbuster due to the intense competition from venders offering online subscription services (Netflix).
Blockbuster certainly experienced a combination of success and luck in seizing the market for movie and game rentals. Management was wise to invest in excellent real estate locations. Just when Blockbuster was starting to take off the DVD was launched (around 1994). This new technology helped boost the movie rental market to new heights due to the cinema-like quality now available at your local video store. While several other companies explored the idea of adding movie rentals (grocery chains), they were unable to execute and unwilling to commit to this venture.
Rather than becoming a retail distributor of DVD rentals, Blockbuster should have formed exclusive licensing agreements with movie studios, whether through direct ownership investment in these companies or in individual movie projects.Viacom could have assisted Blockbuster with an undertaking of this magnitude. Without such agreements, everyone was free to open movie rental business. Accordingly, Netflix and Wal-Mart realized the huge market opportunity and lack of competitive barriers and used the power of the Internet to gain market share. 
Blockbuster responded with its own subscription-based services, both online and in-house. In the short-term it would struggle to deliver strong to the shareholders while transitioning into this new revenue model. In addition to intense competition from Netflix, Blockbuster has struggled to replace revenues from late fees. Because of its subscription-based services, it’s losing up to $300 million per year from the absence of late fees. Shifting revenue models and forcing a price war is never a solution. As I wrote in my 2004 newsletter, ‘management must look beyond the current issue and structure a digital delivery business to customers.’  
In early October 2004 after the stock crashed, I felt management would hear the wake up call and restructure itself as an online provider of on-demand movies for viewing and purchase, games, music, and maybe much more. It would need to gradually phase out a large number of stores over the next decade, as its Internet and digital delivery strategies gained acceptance. This would cut costs and allow them to pay the $2 billion debt they had amassed. 
In order to execute this long-term strategy, Blockbuster would need to form alliances with Internet providers and cable companies. In this process, I advised a shutdown of several stores to be phased in gradually. I released a report in late 2004 which summarized proposed changes (figure 11-1).
If management took this route, I felt the company could come back stronger than ever, and eventually force Wal-Mart and Netflix out of the business. By January 2005, I realized the management was lost. This was unfortunate since execution of a digital strategy could be fueled by their strong brick-and-mortar presence. And this familiarity would be an easy transition for the customer, as well as the added convenience of store visits.
  Figure 11-1. Proposed Future Strategic Direction for Blockbuster

Those who seized the buying opportunity highlighted in my newsletter ($7 on October 19, 2004) did quite nicely over the 3-month holding period, recording returns in excess of 35 percent.
At the time of the new position, I placed a 6-month price target of $11 and a 1-year target of $14, based upon relative valuation and the assumption of a restructuring as described. The critical step that made me realize the management was lost occurred when management engaged in a bidding war with Movie Gallery for Hollywood Video, their closest brick-and-mortar competitor.
With bids as high as nearly $1.5 billion combined with intentions of shutting down much of those stores, it became apparent to me management was confused and nervous; often the two go together. One cannot engage in a price war with one competitor and attempt to acquire another competitor for a price that matched their own market cap, especially when they had a large debt-to-equity ratio.
It was clear to me that Blockbuster’s strategy was to force competition out of the market and regain price control. However, they were trying to do the impossible; resist the commoditization of their services. Blockbuster has since closed over 1200 stores as this book was about to be released and I expect many more closings over the next few years.
While the company went into the red in 2004, the CEO and Chairman, Joe Antioco received a 5-fold increase in salary. Meanwhile, he proved again and again he was unfit to lead the company into the next phase of progression. It should be easy to understand how a CEO can get a 500 percent increase in compensation after a terrible year if he is also the Chairman of the Board.
Figure 11-2. Price Chart for Blockbuster

Once I determined management was not going to move in the appropriate direction in a timely manner, I dumped the stock and have been bearish ever since. Fortunately, I made a nice trade and got out when Blockbuster demonstrated its strategic confusion. I did not feel Blockbuster could continue over the longer term if Antioco remained as CEO.
Since that period, Antioco has been replaced by a new CEO, but it may have been too late. Blockbuster is learning the hard way after suffering from a long period of terrible management and strategic confusion.
Antioco was more focused on increasing his compensation during a period of massive losses. In what could be their last stand, Blockbuster is now looking for a real business to merge with because they waited too long to respond to industry change.
It’s easy to see Blockbuster’s loss has been Netflix’s gain. With much better management, Netflix has been able to steal away market share with no debt. And they’ve been ahead of the curve when it comes to what will be a transition to on-demand videos. This is a classic case of a long-short investment position.
This analysis was written in August 2008. So now, let’s have a look at what’s happened since then. 
As you can see from the chart above, the long-short strategy has paid off big, as my strategic analysis and managerial assessment for Blockbuster and Netflix have remained firmly in tact. 
Yesterday, Blockbuster announced it will close nearly 1000 additional locations. The only thing that surprises me about this is WHY MANAGEMENT WAITED SO LONG. 
Blockbuster had a chance to leverage its once strong brand name, but management remained in “strategic limbo” while clinging onto struggling stores. The time for a digital strategy has come and passed for Blockbuster.
As its last chance to stay afloat, management is trying to cut costs by closing stores. You can bet there will be more store closings before it’s all over. Short of a miracle, Blockbuster is unlikely to recover, as the window of opportunity has passed. Much of the company’s fate will depend upon management’s ability to renegotiate debt covenants and secure favorable refinancing arrangements with creditors.
If a miracle isn’t in the cards, Blockbuster might still be able to secure favorable terms with creditors. However, shareholders should not expect this to bode well for them, as the deal is likely to be shuttled to a private equity firm. If this happens, shareholders will be lucky to break even on the take out price. The buyer could even could cause substantial dilution by a variety of methods. Alternatively, common stock dilution could also occur through the issuance of warrants or convertible bonds as a condition of favorable financing terms. 
There are many possible fates for Blockbuster, but I do not see positive outcomes for common stock shareholders. If in fact something does happen that sends the stock soaring, I would advise shareholders to use that as an opportunity to exit. 
One of the learning points to take from this analysis is that investors need to understand everything that determines a company’s market position, weighing it with competitors. 
Another learning point is that you can profit from fundamentally unsound companies in the short-term, as long as you understand relative valuation, qualitative analysis and technical analysis, as every stock is a potential buy at the right price.
Most important, you need to know when to get in and when to get out. But if you are not able to reach a relatively high certainty for your entry and exit positions, your best move as a trader is to stay away from fundamentally unsound companies. At minimum, in order to have the slightest chance with this approach, you must follow the company very closely so you can gauge investor sentiment relative to material changes. 
This is just one example of the investment insight and analysis contained in The Wall Street Investment Bible
But understand this. It is a book meant only for the most serious of investors who wish to learn unique insights as they add to their investment management and stock selection methodology.  
You can read the Introduction and view the expanded Table of Contents here.
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