From 1991 through 2005, Legg Mason’s Bill Miller was the only mutual fund manager to have beaten the S&P 500 Index each year for that 15-year period. That should have been a warning sign alone. Instead, everyone called him a genius. I suppose no one read When Genius Failed.
Read moreAccording to Paul, healthcare should be run like mobile phone providers! Okay let's see. Mobile phone carriers tie you into legally-binding service contracts with extortionist penalties for breaking the contract even when they fail to render services, etc. In fact, America's healthcare is already run like mobile phone providers. That's one reason why healthcare has become such a problem. See here When the interviewer in the above video (Aaron Task) mentions that mo...
Read moreHuman nature causes most people to attach loyalty and credibility to those who present one issue their audience sides with, while failing to question other issues. This is a dangerous mentality to have. This happens all the time. We see it in politics, medicine, finance, economics and everything else. But nowhere is this mentality more predominant than with the media, because it is the media that serves as the portal by which these individuals suck you in. In the past I have focused on th...
Read moreWhile I do agree with Congressman Ron Paul's position on the Federal Reserve, this by no means should be used as a blanket endorsement of his political and economic views; and certainly not his views on healthcare. The Federal Reserve mafia has been in control of America since inception. This cartel has worked particularly hard over the past two decades to gain control over the global banking system. So, you had better believe they aren't going away, nor is their control. They’re too powe...
Read moreFrom what I can tell, the ONLY thing Mr. Schiff understands about healthcare is the poor design of private medical insurance. The current system does not provide real insurance. It’s nothing more than a system of pre-paid medical, operating with the rules of insurance. And this has created a huge source of fraud by private insurers. Assuming we keep the basic structure of private insurance in place, it should be modified to provide assistance under some catastrophic, emergency situation ra...
Read moreLesson #5: Extremists are Always Useless and Often Dangerous Certainly, President Obama is not going about things in a manner I would advise. But Peter, you cannot use his extremist approach (or I should say that of Larry Summers and others who are really running the show) to validate your own extremist views of the “dangers” of prudent and accountable regulation; something the United States has not had in decades. It appears as if Mr. Schiff possesses the same flaw as ma...
Read moreI normally don’t bother myself with reading personal views pumped out throughout the Internet. But I came across one of Peter Schiff’s pitches demonstrating just how off the mark he remains. So I felt compelled to address his misguided opinions; not only because he is wrong, but also because he has been inducted into the deceitful media club. And he has used this venue as a manner by which to sway political and economic opinion. Have a look.
Read moreHopefully, after having read Part 1 and Part 2, you now realize that gold certainly isn’t a hedge against inflation; quite the opposite. Accordingly, a buy-and-hold approach is the worst possible investment strategy for the use of gold; that is, unless you happen to get in at during the early stages of a gold bull market. Similar to deflationary periods, major crises are short-term events. In contrast, modest inflation is a universal law. Therefore, gold should only be bought durin...
Read moreAs of yesterday, Lear Corp., an auto parts supplier for the "Little 3" joined the list of others who have been victimized by the collapse of America’s Ponzi scheme economy.
Read moreToday, America’s “New Economy” is based exclusively on services - primarily financial and technology-based services, with a whole slew of attorneys and consultants to support transactions and legal agreements. But there are other service industries as well. Over the past few decades, as America's economy has transitioned from old to new, millions of manufacturing jobs have been sent overseas. Many of these jobs have been replaced with blue collar...
Read moreIn part 1 of this article, I laid out some common sense explanations why gold is best utilized for short-term trading. Furthermore, I emphasized that gold rarely provides a good hedge against inflation. When it does, it’s most often a short-term phenomenon. In Part 2 of this series I’ll demonstrate this. Let’s begin by looking at a gold price chart from 1975 to 2009. Note that gold prices in this chart have NOT been adjusted for inflation. If you bought gold any time between...
Read more“…the U.S. might continue its trend towards inflation merely due to continued high oil prices and weakness of the dollar. And only after some disaster such as a Fannie Mae blowup might deflation appear. Source: America’s Financial Apocalypse: How to Profit from the Next Great Depression (2006)
Read moreThe media has a special club, similar to boards of directors who serve on each other’s companies. You scratch my back I’ll scratch yours. Oprah had you on her show? Oh well then FOX wants you on and so does ABC, NBC, CNBC and even PBS. And we want to have you on our radio shows too. Forbes says you are an expert so we will call you an expert too. Of course, many of these so-called “experts” are columnists for Forbes and other mainstream media publications, or hack sites...
Read moreEven Dr. Phil Gets in on the Action And we can’t forget Dr. Phil; the hick who isn’t even a real doctor. He just plays one on TV. He has a Ph.D. in psychology, not an M.D. in psychiatry.
Read morePreviously, I’ve shown you many tricks used by the broadcast media to brainwash you. Most recently, I have shown you how CNBC and FBN use sex to sell you stocks. And every time you buy or sell a stock with E-Trade, Schwab or from Wall Street brokers, you pay a commission. And part of that commission is sent indirectly to these networks via commercials they pay for. But if you thought this scam existed only in the United States, you’d be wrong. CNBC has virtual casino dealers...
Read moreLook, It’s Erin “Bimbette” As noted by www.my-wild-side(dot)com “Corporate cheerleader from hell: CNBC's Erin Burnett”
Read moreContinuing from Part 1... Perhaps the most obvious sign of weakness, Obama’s healthcare proposal specifically ignores the number one problem with healthcare in America – cost. Providing greater access to medical insurance falls short of fixing the crisis in healthcare. Obama’s proposal is fundamentally no different than Bush’s because in the end, taxpayers subsidize the excessive profits of the industry. Similar to presidents before him, Obama’s r...
Read moreA couple of weeks ago, I ran across a fantastic article by a physician who sought to understand why there are such large differences between healthcare costs in different cities. It's truly a great article, despite it's length. I highly recommend you read it.
Read moreIn case you don’t know who Larry Kudlow is, he’s one of the CNBC hacks who continued to claim the economy was strong though most of 2008. Kudlow epitomizes the word hack. His track record is even worse than Jim Cramer’s. I want you to have a look at his recent article discussing how good the economy looks. Make sure to read Jim Welsh’s comment below the article.
Read moreIf you’ve been following my commentaries, you’ll recall how poorly of a job I feel Obama is doing. Perhaps you realized this on your own. But just in case you have any doubts, you might want to read an article I wrote a few weeks ago. But all looks “great” according to the media. In their eyes President Obama can do no wrong. The media uses the same tactic when they hype up Britney Spears and Paris Hilton.
Read moreLet’s continue with the elements needed for America to mount a real and sustainable economic recovery.
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