Opening Statement from the April 2018 Intelligent Investor Originally published on April 5, 2018 (pre-market release) As expected, on March 21 newly appointed Federal Reserve Chairman Powell announced that the Fed voted to raise short-term interest rates by 25 basis points, pushing rates up to the 1.50% to 1.75% range. During the March meeting the Fed raised its 2019 estimate to three 25 basis point rate hikes, but kept the current three 25 basis point estimate for 2018 unchanged. This was a prudent move since it’s too early to know whether the economy will be strong enough to need four rate hikes in 2018. We continue to believe short-term interest rates will be raised by at least 75 basis points in 2018 and at least by 50 basis points in 2019. Two Stages of t...
NAR Chief Economist Lawrence Yun continues to prove he's lost in the woods. I'm sure most of you who have followed the real estate market recall his long list of ridiculous predictions. Do you remember when he claimed house prices would rebound in 2007? His quotes continue to supply stand-up comedians with new material. One could reasonably argue that Yun is committing consumer fraud by trying to entice people to buy into a market that is poised to fall further. I suppose he thinks his ridiculous predictions will restore confidence in the real estate market. If in fact his role is to spread optimism, the NAR should be legally required to post an appropriate disclaimer stating their real purpose.
These doomsday, broken clock charlatans all seem to spread the same message and that message never changes, does it? The reason for their obsessive repetition is due to the fact that they know that people will tend to believe even the wildest, most ridiculous claims as long as these claims are repeated over and over again, especially if a large pool of individuals repeats the same message. This is basic psychology and it is used as a common tactic by modern day con men. As we have explained many times in the past, modern day con men use a network or syndicate in order to flood their victims with the message they are trying to pitch. As you listen to Mike expose the facts in the video, you should keep in mind that every other gold-pumping doomsday moron has been saying th......
If you lost money in gold, silver or precious metals stocks (including the so-called junior miners) you really need to read this article and listen to the recorded conversation I had with a Sprott employee. I guarantee you it's going to be very revealing. I'm not going to disclose much about this presentation to the public. Only Members and Clients will get full access to the results of my investigation into Sprott Asset Management and Eric Sprott. All I will say is that my research confirmed what I already knew. This 30-page article continues below for Members and Clients. Mike Stathis holds the leading investment forecasting track record in the world since 2006. In fact, he is the only person we know of to have ever attached a $100,000 reward a...
I exposed Alex Jones many years ago as an obvious fraud and gatekeeper of the Jewish mafia. Back then, many people thought he was legit. Even today, many people still think he's legit. That's pretty scary. The following videos represent just a sampling of videos on Jones previously published on this site many years ago. You might recall this video where Jones reveals how he scams his low-IQ audience. In the next video Jones exposed by caller as a Jewish gatekeeper. Here I show how Jones cons his cult members to spread his disinfo content so they can help the fight. In reality, it's a money grab for Jones. Meanwhile, Jones is exposed as a Jewish puppet . Jones is such an obvious source of disinformation and Jewish gatekeeper that he actua......
This little episode is just one of many that point to massive fraud committed by the media in promoting clowns as experts. Below is an interview from a couple years ago by Josh "the clown" Brown for the fake news website Benzinga (there are two videos below which may begin to play autmatically, so you might want to pause them). I've mentioned Brown a few times in the past, but not nearly as much as I'd like due to time constraints (there's just too many idiots and snake oil salesmen out there for one man to expose). In addition to steering sheep into a huge array of stocks that have since collapsed, Brown has also been trying to convince people that he can show them how to use the financial media for their own benefit (laughs). He even wrote a book addressing this very top...
Searching 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 to book their assets at current market value. Why was this rule rapidly withdrawn? Quite frankly, because it would have made every major bank insolvent.
Get your pencil and paper ready folks. Once again, class is in session and your lecturer is one of the world's sharpest investment minds on earth.
Although I've added a few images of these scum bags here, you can find a larger number of annotated images of these and many other charlatans in the image library. Make sure to check the image library for a huge stock pile of annotated images. You can locate specific individuals and topics using the advanced search feature. As some of you might recall, I began exposing Chris Martenson several years ago. You might want to have a look at some of the previous material on Chris Martenson here, here, here, here and here. It became apparent to me that Chris Martenson had joined the fear-mongering broken clock profiteering circuit. And he was determined to form a cult to exploit naive individuals who had been infested with all kinds of ridiculous propaganda from a variety of...
We wanted to take this opportunity to remind you about our newest investment newsletter, Dividend Gems.
Last month marked the eighth year we offered a cash reward for anyone who could provide evidence that there was another financial professional who could at least match Mike Stathis' track record in investment forecasting and analysis since 2006. Prior to the recent expiration of this $100,000 reward, we also launched a similar contest but raised the stakes to $1,000,000. This offer expired in June 2017. See here. We are now extending this $1,000,000 challenge effective today, through sometime in 2018 (expiration for this challenge will be determined in an upcoming release). We are also extending the period covered by this challenge by another year, from late 2006 to October 2017. We will release more details regarding this challenge in coming weeks. We will make...
I wanted to mention some points about gold and silver I have not previously addressed. Many of you who have read our articles on gold will note that I have addressed virtually every aspect of these metals. I have discussed the use of gold as a hedge against market declines and deflationary periods. I have also dispelled most of the ridiculous myths being spread about gold and related economic claims such as the gold/inflation hedge myth, the dollar collapse/hyperinflation hoax, and many others. Finally and perhaps most significantly, I have also spent a great deal of time and effort exposing the dark side of the gold dealer network, explaining the genesis and mechanisms by which they have spread massive waves of gold propaganda. In fact, I’m willing to bet that you will not b...
I’m not talking about the banks or even the retailers. We all know they will continue to slide. I’m talking about everything else. With no real median wage growth since 1999, and soaring inflation for gas, food and healthcare, it’s obvious consumers have had much less to spend. Not only has that hurt savings rates (including retirement contributions) but it’s also affected consumer spending. So don’t expect things to get better by Fall. In fact, I’m expecting the earnings meltdown to begin for much of the remaining sectors in the S&P 500. You Can Run but You Can’t Hide Standard & Poor’s earnings estimates for Q2, Q3, and Q4 of 2008 are -11%, 40%, and 60% respectively. Remember, this the same S&P that rated the mortgage junk...
Gold Bugs and Conspiracy Nuts... There are so many silly statements being made by gold bugs that it would take me a very long time to debunk them all. Most of them are not even worth my time to debunk, as they are so ridiculous. Perhaps the most ludicrous thing about these gold bugs is that they accept anything they read or hear about gold without bothering to analyze the accuracy of the claims, as long as it favors higher prices for gold and silver. Such individuals lack the ability to understand and control their psyche. Without this ability, investors stand to lose.
I've been working on a writeup of Munger's Alibaba (BABA) blunder for a couple weeks. Once the article is released you're going to learn a great deal of things. For now, I'll leave you with a brief introduction as well as a few annotated images.
The following article is more than 80 pp. in length and has been divided into 7 parts. This series of articles represents the most insightful analysis on the gold pumping scene ever published. And it was written by the man who actually spotted the gold bull market in 2001, advised gold to his clients, but was wise enough to have forecast the peak in gold at $2000 two years before it was reached, and warned the public that once the bubble burst, gold and silver would spend many years in a bear market. The year 2001 is likely to be very memorable to most people for different reasons. For many people, the year 2001 brings back memories of the attack on the World Trade Center by the Mossad and CIA. The collapse of the stock market immediately after this catastrophic act of domestic and for...
With all that’s happened with the real estate and banking crisis, the word “bailout” has been plastered throughout the media with little discussion of exactly what a bailout entails. Supplying money to a distressed company does not by itself represent a bailout. It all depends on where the money is coming from, and whether or not a moral hazard has been created. Bear Stearns vs. LTCM Let’s look at some “bailouts” from the past. Let me just tell you right off the bat - Bear Stearns did not receive a bailout. Forget what you’ve read. They’re all wrong. Why do I say this? A true bailout creates a “free ride” for the recipient via government assistance. In other words, a bailout creates a moral hazard - the tendency to behave irresp...
As many of you recall, more than a year ago I wrote an article questioning what I felt to be exaggerated, baseless and sensationalist viewpoints and conclusions about the U.S. economy, gold and hyperinflation written by John Williams of Shadowstats.
In this, the second installment of what is slated to be a 4-part series, I expose more sharks sucks as Kevin Trudeau, Robert Kiyosaki and more. You won't want to miss out on this piece because as you know by now, you aren't going to get the full unbiased truth about these BS artists anywhere else but here.
In August 2009, Mike Stathis posted a reward for the first person who could prove that there was a financial professional that could match his track record before, during and after the economic collapse. We officially launched this reward or challenge in 2011.