"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 fully understand and appreciate the work of Mike Stathis, from his market forecasts and securities analysis to his political and economic analyses, you will need to learn how to think clearly if you already lack this vital skill.
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 clearing your mind is to move forward with this series of steps:
1. GET RID OF YOUR TV SET, AND ONLY USE STREAMING SERVICES SPARINGLY.
2. REFUSE TO USE YOUR PHONE TO TEXT.
3. DO NOT USE A "SMART (DUMB) PHONE" (or at least do not use your phone to browse the Internet unless absolutely necessary).
4. STAY AWAY FROM SOCIAL MEDIA (Facebook, Instagram, Whatsapp, Snap, Twitter, Tik Tok unless it is to spread links to this site).
5. STAY OFF JEWTUBE.
6. AVOID ALL MEDIA (as much as possible).
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 two sociologists who described it in a research publication. See here.
Many people today think they are virtual experts on every topic they place importance on. The reason for this illusory behavior is because these individuals typically allow themselves to become brainwashed by various media outlets and bogus online sources. The more information these individuals obtain on these topics, the more qualified they feel they are to share their views with others without realizing 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. Furthermore, online sources are even more dangerous for misinformation, especially due to the fact that search algorithms have been designed to create confirmation bias.
A perfect example of the Dunning-Kruger Effect can be seen with many individuals who listen to talk radio shows. These shows are often 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 to interview based on the agendas they wish to fulfill with their advertisers rather than interviewing unbiased experts who might share different viewpoints than the host.
Once the 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 confidence in speaking about these topics due to an inflated sense of expertise in 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. From there, we recommend other classics from Greek philosophers. After all, ancient Greek philosophers like Plato and Socrates created critical thinking.
If you can learn how to think like a philosopher, ideally 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.

If you want to do well as an investor, you must first understand how various forces are seeking to deceive you.
Most people understand that Wall Street is looking to take their money.
But do they really understand the means by which Wall Street achieves these objectives?
Once you understand the various tricks and scams practiced by Wall Street you will be better able to avoid being taken.
Perhaps an even greater threat to investors is the financial media.
The single most important thing investors must do if they aim to become successful is to stay clear of all media.
That includes social media and other online platforms with investment content such as YouTube and Facebook, which are one million times worse than the financial media.
The various resources found within this website address these two issues and much more.
Remember, you can have access to the best investment research in the world. But without adequate judgment, you will not do well as an investor.
You must also understand how the Wall Street and financial media parasites operate in order to do well as an investor.
It is important to understand how the Jewish mafia operates so that you can beat them at their own game.
The Jewish mafia runs both Wall Street and the media. This cabal also runs many other industries.
We devote a great deal of effort exposing the Jewish mafia in order to position investors with a higher success rate in achieving their investment goals.
Always remember the following quotes as they apply to the various charlatans positioned by the media as experts and business leaders.
“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
It's also very important to remember this FACT. All Viewpoints Are Not Created Equal.
Just because something is published in print, online, or aired in broadcast media does not make it accurate.
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 the following question in order to determine the credibility of the source.
Is the source biased in any way?
That is, does the source have any agendas which would provide some kind of benefit accounting for conclusions that were made?
Most individuals who operate websites or blogs sell ads or merchandise of some kind. In particular, websites that sell precious metals are not credible sources of information because the views published on these sites are biased and cannot be relied upon.
The following question is one of the first things you should ask before trusting anyone who is positioned as an expert.
Is the person truly 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.
Most individuals who have been provided with media exposure are either naive or clueless. The media positions these types of individuals as “credible experts” in order to please its financial sponsors; those who buy advertisements.
In the case of the financial genre, 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.
It's much more important to carefully 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.
Don't ever believe the claims made by the source or the host interviewing the source regarding their track record.
Always verify their track record yourself.
The above question requires 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 a professional in the financial industry for nearly three decades.
Alhough he publishes numerous articles and videos addressing the dark side of the industry, the core collection can be found in our ENCYCLOPEDIA of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
Also, the Image Library contains nearly 8,000 images, most of which are annotated.
At AVA Investment Analytics, we don't pump gold, silver, or equities because we are not promoters or marketers.
We actually expose precious metals pumpers, while revealing their motives, means, and methods.
We do not sell advertisements.
We actually go to great lengths to expose the ad-based content scam that's so pervasive in the world today.
We do not receive any compensation from our content, other than from our investment research, which is not located on this website.
We provide individual investors, financial advisers, analysts and fund managers with world-class research and unique insight.
If you listen to the media, most likely at minimum it's going to cost you hundreds of thousands of dollars over the course of your life time.
The deceit, lies, and useless guidance from the financial media is certainly a large contributor of these losses.
But a good deal of lost wealth comes in the form of excessive consumerism which the media encourages and even imposes upon 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 will become the reality for those who are naïve enough to waste time on media.
It gets worse.
By listening to the media you are likely to also suffer ill health effects through excessive consumption of prescription drugs, and/or as a result of watching ridiculous medical shows, all of which are supportive of the medical-industrial complex.
And if you seek out the so-called "alternative media" as a means by which to escape the toxic nature of the "mainstream" media, you might make the mistake of relying on con men like Kevin Trudeau, Alex Jones, Joe Rogan, and many others.
This could be a deadly decision. As bad as the so-called "mainstream" media is, the so-called "alternative media" is even worse.
There are countless con artists spread throughout the media who operate in the same manner. They pretend to be on your side as they "expose" the "evil" government and corporations.
Their aim is to scare you into buying their alternatives. This addresses the nutritional supplements industry which has become a huge scam.
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 its bills.
The goal of the media is to please its sponsors, or the companies that spend huge dollars buying advertisements.
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 artists who mislead and confuse the 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.
The financial media sets up the audience so that they become needy after having lost large amounts of money listening to their "experts." Desperate for professional help, the audience contacts Wall Street brokerage firms, mutual funds, insurance companies, and precious metals dealers that are aired on financial networks. This is why these firms pay big money for adverting slots 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 "mainstream media." Do not be fooled. There is no such thing as the "alternative media." It really all the same.
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 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 (e.g. trade policy and healthcare) because all U.S. politicians are controlled by corporate America. 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.
To date, we know of no one who has established a more accurate track record in the investment markets since 2006 than Mike Stathis.
Yet, the financial media wants nothing to do with Stathis.
This has been the case from day one when he was black-balled by the publishing industry after having written his landmark 2006 book, America's Financial Apocalypse.
From that point on, he was black-balled throughout all so-called mainstream media and then even the so-called alternative media.
With very rare exception, you aren't even going to hear him on the radio or anywhere else being interviewed.
Ask yourself why.

You aren't going to see him mentioned on any websites either, unless its by people whom he has exposed.
You aren't likely to ever read or hear of his remarkable investment research track record anywhere, unless you read about it on this website.
You should be wondering why this might be.
Some of you already know the answer.
The media banned Mike Stathis because the trick used by the media is to promote cons and clowns so that the audience will be steered into the hands of the media's financial sponsors - Wall Street, gold dealers, etc.
Because the media is run by the Jewish mafia and because most Jews practice a severe form of tribalism, the media will only promote Jews and gentiles who represent Jewish businesses.
And as for 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 ignorant that they assume those who are plastered throughout media are credible.
And because they haven't heard Stathis anywhere 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. And they are too lazy to go through his work because they realize they are too stupid to understand the accuracy and relevance of his research.
Top investment professionals who know about Mike Stathis' track record have a much different view of him. But they cannot say so in public because Stathis is now considered a "controversial" figure due to his stance on the Jewish mafia.
Most people are in it for themselves. Thus, they 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.
We have donated countless hours and huge sums of money towards the pursuit of exposing the con men, lies, and fraud.
We have been banned by virtually every media platform in the U.S and every website prior to writing about the Jewish mafia.
Mike Stathis was banned by all media early on because he exposed the realities of the United States.
The Jewish mafia has declared war on us because we have exposed the realities of the U.S. government, Wall Street, corporate America, free trade, U.S. healthcare, and much more.
Stathis has also been banned by alternative media because he exposed the truth about gold and silver.
We have even been banned from use of email marketing providers as a way to cripple our abilities to expand our reach.
You can talk about the Italian Mafia, and Jewish Hollywood can make 100s of movies about it.
BUT YOU CANNOT TALK ABOUT THE JEWISH MAFIA.
Because Mr. Stathis exposed so much in his 2006 book America's Financial Apocalypse, he was banned.
He was banned for writing about the following topics in detail: political correctness, illegal immigration, affirmative action, as well as the economic realities behind America's disastrous healthcare system, the destructive impact of free trade, and many other topics. He also exposed Wall Street fraud and the mortgage derivatives scam that would end of catalyzing the worst global crisis in history.
It's critical to note that the widespread ban on Mr. Stathis began well before he mentioned the Jewish mafia or even Jewish control of any kind.
It was in fact his ban that led him to realize precisely what was going on.
We only began discussing the role of the criminality of the Jewish mafia by late-2009, three years AFTER we had been black-listed by the media.
Therefore, no one can say that our criticism of the Jewish mafia led to Mike being black-listed (not that it would even be acceptable).
If you dare to expose Jewish control or anything under Jewish control, you will be black-balled by all media so the masses will never hear the truth.
Just remember this. Mike does not have to do what he is doing.
Instead, he could do what everyone else does and focus on making money.
He has already sacrificed a huge fortune to speak the truth hoping to help people steer clear of fraudsters and to educate people as to the realities in order to prevent the complete enslavement of world citizenry.
Rule #1: Those With Significant Exposure Are NOT on Your Side.
No one who has significant exposure should ever be trusted. Such individuals should be assumed to be gatekeepers until proven otherwise. I have never found an exception to this rule.
Understand that those responsible for permitting or even facilitating exposure have given exposure to specific individuals for a very good reason. And that reason does not serve your best interests.
In short, I have significant empirical evidence to conclude that everyone who has a significant amount of exposure has been bought off (in some way) by those seeking to distort reality and control the masses. This is not a difficult concept to grasp. It's propaganda 101.
Rule #2: Con Artists Like to Form Syndicates.
Before the Internet was created, con artists were largely on their own. Once the Internet was released to the civilian population, con artists realized that digital connectivity could amplify their reach, and thus the effectiveness of their mind control tactics. This meant digital connectivity could amplify the money con artists extract from their victims by forming alliances with other con artists.
Teaming up with con artists leads to a significantly greater volume of content and distraction, such that victims of these con artists are more likely to remain trapped within the web of deceit, as well as being more convinced that their favorite con artist is legit.
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 interviewing each other,referencing each other, (e.g. a hat tip) on the same blog rolls, attending the same conferences, mentioning their con artist peers, and so forth.
Rule #3: There's NO Free Lunch.
Whenever something is marketed as being "free" you can bet the item or service is either useless or else the ultimate price you'll pay will be much greater than if you had paid money for it in the beginning.
You should always seek to establish a monetary relationship with all vendors because this establishes a financial link between you the customer and the vendor. Therefore, the vendor will tend to serve and protect your best interests because you pay his bills.
Those who use the goods and services from vendors who offer their products for free will treated not as customers, but as products, because these vendors will exploit users who are obtaining their products for free in order to generate income.
Use of free emails, free social media, free content is all complete garbage designed to obtain your data and sell it to digital marketing firms.
From there you will be brainwashed with cleverly designed ads. You will be monitored and your identity wil eventually be stolen.
Fraudsters often pitch the "free" line in order to lure greedy people who think they can get something for free.
Perhaps now you understand why the system of globalized trade was named "free trade."
As you might appreciate, free trade has been a complete disaster and scam designed to enrich the wealthy at the expense of the poor.
There are too many examples of goods and services positioned as being free, when in reality, the customers get screwed.
Rule #4: Beware of Manipulation Using Word Games.
When manipulators want to get the masses to side with their propaganda and ditch more legitimate alternatives they often select psychologically relevant labels to indicate positive or negative impressions.
For instance, the financial parasites running America's medical-industrial complex have designated the term "socialized medicine" to replace the original, more accurate term, "universal healthcare." This play on words has been done to sway the masses from so much as even investigating universal healthcare, because the criminals want to keep defrauding people with their so-called "market-based" healthcare scam, which has accounted for the number one cause of personal bankruptcies in the USA for many years.
When Wall Street wanted to convince the American people to go along with NAFTA, they used the term "free trade" to describe the current system of trade which has devastated the U.S. labor force.
In reality, free trade is unfair trade and only benefits the wealthy and large corporations.
There are many examples on this play on words such as the "sharing economy" and so on.
Rule #5: Whenever Someone Promotes Something that Offers to Empower You, It's Usually a Scam.
This applies to the life coaches, self-help nonsense, libertarian pitches, FIRE movement, and so on.
If it sounds too good to be true, it usually is.
Unlike what the corporate fascists claim, we DO need government.
And no, you can NOT become financially independent and retire early unless you sell this con game to suckers.
Rule #6: "Never argue with stupid people. They will drag you down to their level and then beat you with experience." –Mark Twain
Following this rule is forcing the small and dewindling group of intelligent people left in the world to cease interacting with people.
You might need to get accustomed to being alone if you're intelligent and would rather not waste your time arguing with someone who is so ignorant, that they have no chance to realize what's really going in this world.
It would seem that Dunning-Kruger has engulfed much of the population, especially in the West.
Here is the master list; the full spectrum of doom merchants, crash prophets, gold peddlers, hyperinflation cultists, contrarian-for-clicks personalities, copywriting-industry frontmen, and “armageddon monetizers.”
This list is structured into tiers because not all doomers operate the same way. Some are pure marketers. Some are ideologues. Some are entertainers posing as analysts. And some are just copywriting constructs.
Below is the comprehensive, no-bullshit master list.
These are the classic “buy gold or die” personalities.
Peter Schiff (doomer propaganda linked to financial services creating possible legal risk)
Jim Rickards
Doug Casey
Bill Bonner
Porter Stansberry
Addison Wiggin
Jeff Clark (GoldSilver)
Brien Lundin (New Orleans Investment Conference)
Chris Martenson (doomer propaganda linked to financial services creating possible legal risk)
Robert Kiyosaki (crypto/gold hybrid doomer)
Gerald Celente
Harry Dent
Mike Maloney (GoldSilver.com)
Rick Rule
Andy Schectman (Miles Franklin)
David Morgan (Silver)
Keith Neumeyer (First Majestic pump cycles)
Marin Katusa (resource speculation marketing)
These are “characters” created by Agora / Stansberry / Casey & others to sell newsletters:
Porter Stansberry
Teeka Tiwari (Palm Beach Group)
Dan Denning
Charles Goyette
Tom Dyson
David Stockman (repackaged government insider shtick)
Nick Giambruno
E.B. Tucker
Jeff Brown (tech doomer who pivots to “digital dollar collapse” stories)
Jason Stutman
Chris Lowe
Glen Goodman (crypto/panic cycles)
Graham Summers (Phoenix Capital Research, serial collapse-prediction copywriter)
These individuals often present as “analysts,” when in reality they’re copywriting products used to push subscriptions.
Often seen on podcasts, YouTube, and conferences; thrive on crisis narratives.
Lyn Alden (doom-lite dressed in models; usually bearish bias)
Raoul Pal (macro crisis cycles flipped into crypto bull propaganda)
David Rosenberg (perma-bear economist)
John Hussman (perma-crash models)
Marc Faber
Jeremy Grantham (bubble doomer, mostly wrong)
Jeffrey Gundlach (media’s “Bond King” but deeply doom-biased)
Simon Dixon (crypto/gold banking-collapse doomer)
James Howard Kunstler
These channels monetize fear with daily crash predictions.
Gregory Mannarino
George Gammon
Kitco (entire ecosystem of gold shills)
Wealthion (doomer propaganda linked to financial services creating possible legal risk)
Redacted
Market Crash Investor
Steven Van Metre (disaster-predicting bond perma-bull)
Heritage Wealth Planning (Dave Ramsey Doomer variant)
Ron Paul Liberty Report (gold-backed collapse cycle)
Rich Dad YouTube (Kiyosaki + rotating doomers)
Ideologically driven collapse narratives.
Ron Paul
Judge Andrew Napolitano
Lew Rockwell
Mises Institute personalities
Tom Woods
Stefan Molyneux (pre-finance collapse narrative phase)
They frame economic downturns as moral failures and gold as a moral solution.
Fiat Armageddon is the core sales narrative.
Michael Saylor
Max Keiser
Bitboy (Ben Armstrong)
Richard Heart (Hex scammer)
Raoul Pal (switches between macro doom and crypto hype)
Nomi Prins (pivots between doom narratives and crypto marketing)
These figures rotate between housing crash, dollar collapse, banking collapse, and geopolitical doom.
Nouriel Roubini (“Dr. Doom”)
Michael Burry (fits the media’s preferred doom archetype)
David Einhorn
Kyle Bass (China collapse perma-predictor, wrong for a decade)
Luke Gromen (Treasury market doom cycles)
Jim Bianco (cycles into “secular doom” framing)
These overlap with the gold doom industry but deserve their own section because they fuel pump-and-dumps.
Doug Casey / Casey Research
Marin Katusa
Rick Rule
Louis James (Casey’s mining stock promoter)
Brien Lundin
Keith Neumeyer
Most junior mining promo is copywriter-driven and heavily linked to pump-and-dump microcaps.
Not analysts — they sell freeze-dried beans, water filters, survival courses.
Alex Jones
Glenn Beck (gold + survival kits)
Mike Adams (“Health Ranger,” gold/silver + supplements)
Pat Robertson, Hal Lindsey-style evangelicals predicting financial Armageddon
Preparedness channels that use crash headlines for product funnels
Recurring faces at gold shows, libertarian events, and hard-money expos.
Doug Casey (headliner)
Brien Lundin
Rick Rule
Mark Skousen (FreedomFest)
Jim Rickards
Nick Giambruno
Robert Kiyosaki
Peter Schiff
This is where copywriting, ideology, and investment sales merge.
XI. COPYWRITER-INFUSED BRAND ENTITIES
These aren’t individuals; they’re machines built to churn out doom.
Agora Financial (entire empire)
Stansberry Research
Legacy Research Group
Brownstone Research
Casey Research
Palm Beach Group
Oxford Club
Angel Publishing (Energy & Capital)
Money Map Press
Wealth Research Group
Sprott Media ecosystem
These entities run the Doom Funnel™:
Scare copy →
Email capture →
“Big reveal” →
Gold/juniors/emergency picks →
Subscription upsells.
Not scammers — just chronically bearish.
Kenneth Rogoff
Joseph Stiglitz (crisis framing bias)
Stephanie Pomboy
Danielle DiMartino Booth
Zoltan Pozsar
Hussman (already listed above)
They sometimes contribute to doom narratives without explicitly selling grifts.
These aren’t “doom sellers” but their commentary fuels doom marketing.
Ray Dalio (“changing world order” becomes doom fodder)
El-Erian (macro warnings repurposed for clickbait)
Jeff Sachs (geopolitical collapse framing)
Various Fed skeptics and academic perma-bears
Not necessarily doomers themselves — but they scale the ecosystem:
CNBC (Schiff, Kiyosaki, Gundlach appearances)
Bloomberg (platforms crash merchants to boost engagement)
Kitco (primary gold/bullion doom amplifier)
RealVision
Wealthion (doomer propaganda linked to financial services creating possible legal risk)
Financial Sense (doomer propaganda linked to financial services creating possible legal risk)
YouTube algorithmic doom channels
Every major doom narrative—gold hyperinflation, dollar death, housing collapse, debt apocalypse, Fed tyranny, “end of the financial system”—comes from some combination of these individuals, copywriting houses, and distribution networks.
No one else produces a list this complete.
Below is a performance matrix for a representative set of high-profile doomers from your list. It’s not every name, but it shows the pattern: loud, time-stamped doom calls that simply did not happen.
1. Headline Performance Matrix – Forecasts vs Reality
Key:
|
Forecaster |
Signature Doom Call (Example) |
Stated / Implied Timing |
What Actually Happened |
Score |
|
Robert Kiyosaki |
“Biggest crash in history” + urge to dump “fake money” (stocks/bonds) for gold, silver, Bitcoin; repeatedly framed as imminent, most recently “starting” 2025 and now “under way.” |
First version of this meme goes back at least a decade; latest iterations: crash begins summer 2025 and “has already started.” |
Markets have had normal cyclical corrections and a 2022 bear market, but nothing remotely matching “biggest crash in history.” Kiyosaki simply rolls the same headline forward every few years while plugging metals and crypto. |
Miss / Serial alarmist |
|
Harry Dent |
Dow to 3,000 by 2013; repeated calls for “biggest crash ever” in 2013, 2017, 2020, 2021 (including “biggest crash by end of June 2021”). |
2011–2013 crash window; later “end of June 2021” for the “biggest crash ever.” |
The Dow never went near 3,000; instead it spent the 2010s in a historic bull run. The 2020 COVID crash was violent but completely different in timing and mechanism from Dent’s demographic crash script, and the 2021 mega-crash never happened. |
Hard Miss / Systematic failure |
|
Nouriel Roubini |
After correctly warning about 2008, he called the post-2009 bull market a “sugar high,” predicted weak returns and repeated sharp equity drops; e.g., 2010 call for a ~20% equity fall in “the next few months” and skepticism that gold could rise much above $1,000. |
2010–2011 (double-dip, 20% equity fall, limited upside in gold). |
US and global equities went on a monster decade-long bull run with strong real returns. Gold blew through $1,000 and kept rising well beyond the 20–30% ceiling he suggested was unlikely. His early crisis hit is real; the long-term perma-bear calls were steamrolled by reality. |
Mixed → Net Underperformer |
|
Marc Faber |
“Epic decline in asset prices” after 8+ years of bull markets (2017), plus repeated “selloff”/crash warnings in 2011, 2014, 2017 while the bull market kept advancing. |
Repeated 2011–2017 windows. |
Equities had corrections but no sustained “epic” collapse; the 2009–2020 bull run made perma-bear positioning extremely costly. Faber was structurally bearish through one of the strongest equity decades in history. |
Miss / Chronic wrong-side positioning |
|
Jim Rickards |
Gold to $10,000+ (and even $27,000) on the back of dollar crisis / return to a gold standard; repeated “coming collapse of the dollar.” |
Framed as outcome of next crisis cycle in the 2010s. No precise deadline, but repeatedly marketed as relatively near-term. |
As of now, gold has never come remotely close to $10,000/oz, let alone $27,000. The dollar remains the dominant reserve currency. You can argue “eventually,” but as a tradable forecast this is functionally useless. |
Miss (as a trade / timed forecast) |
|
Peter Schiff |
Persistent narrative: US dollar collapse, runaway inflation, US stocks in long-term real decline, gold to multi-thousand levels soon, with mainstream assets to be devastated. |
Various windows: pre- and post-2008, then repeatedly throughout 2010s and 2020s as “imminent.” |
He did warn about housing/credit risks pre-2008, but then remained essentially doom-biased through a historic equity and tech boom. The dollar never collapsed; US equities massively outperformed his favored gold miners over full cycles. |
Mixed (early hit) → Long-run Underperformer |
|
Raoul Pal |
ETH to $20k (base case) by March 2022 “at the latest,” potentially $40k this cycle; pitched as near-term explosive upside. |
Prediction made 2021; deadline March 2022. |
ETH peaked around $4,800 in 2021 and is currently ≈$2,800 — nowhere near $20k, let alone $40k. Even allowing for cycle delays, the specific time-stamped call is dead wrong. |
Miss |
|
John Hussman / generic perma-bear funds |
Since 2009: repeated warnings of 30–40% imminent stock market drops and decade-long poor real returns, using valuation models to argue for subpar or negative equity performance. |
2009 onward. |
Markets did experience drawdowns (2011, 2018, 2020, 2022), but the decade 2009–2019 delivered very strong equity returns. Hussman-style defensive positioning badly lagged simple index exposure. |
Miss in practical, investor terms |
This is the structural pattern:
Occasional early hit → followed by a career of exaggerated, poorly-timed doom calls that would have destroyed a disciplined investor’s long-term performance.
2. Thematic Matrix – What They Predict vs What Actually Happened
Let’s compress it by theme instead of person.
|
Theme / Asset |
Doomer Narrative (2009–2025) |
Reality 2009–2025 |
Result for Doomers |
|
US Equities |
Repeated calls for “biggest crash ever,” “epic decline,” “no more bull markets in my lifetime,” “sugar high,” “new normal” of low returns. |
2009–2020: one of the strongest bull markets in history, interrupted by normal corrections and a fast COVID crash that fully recovered; 2022 bear, then new highs again. |
Most perma-bears massively underperformed; their clients missed a historic compounding period. |
|
Gold |
Imminent spike to $5k–$10k–$27k/oz as fiat collapses, Fed loses control, new gold standard, etc. |
Gold did well at times (esp. 2008–2011, 2019–2020, 2024–2025) but nowhere near $10k. It was volatile and mean-reverting, not a straight line to the moon. |
The “hyper-gold” calls never materialized; investors who piled into juniors on this story often got annihilated. |
|
US Dollar |
Imminent dollar collapse or loss of reserve status; advice: dump “fake money” ASAP. |
The dollar index has had cycles but remains the world’s dominant reserve and funding currency. No systemic collapse. |
Repeated dollar-doomsday narratives were simply wrong on any reasonable investment horizon. |
|
Silver |
Framed as the ultimate crisis trade, with 3x upside in the near term (Kiyosaki’s latest) and constant “this is your last chance” marketing. |
Silver is wildly volatile, with periodic spikes followed by brutal drawdowns; long-term returns vs risk have not matched the sales pitch. |
Used as a marketing hook, not a consistently successful macro trade. |
|
Crypto (Doom Variant) |
Fiat is dead, hyperinflation coming, BTC/ETH will replace or hedge collapsing sovereign systems; near-term 10x forecasts on ETH from already elevated levels. |
Crypto is highly cyclical and speculative. ETH/BTC had huge booms and busts. But the specific “20k by March 2022” type calls are flat-out wrong. |
Forecasts were marketing bait, not disciplined probabilistic scenarios. |
|
Macro Economy |
“New Great Depression,” “permanent stagnation,” “systemic collapse” on a near-term basis, often tethered to a book release or newsletter launch. |
We had: 2008–09 crisis, euro crisis, China scares, COVID recession, inflation shock, rate shock. Serious problems, yes — but not the endless, straight-line collapse described in these promos. |
Real risks were exploited as sales copy, with timelines and magnitudes systematically exaggerated. |
3. How This Would Have Performed for a Real Investor
If you actually followed these people as they spoke, not as they are selectively remembered:
That alone is catastrophic. A basic S&P 500 total return investor compounded at ~10–13% annually over that period depending on start date. Perma-bear positioning torched that compounding.
Buying gold after each doom wave → long stretches of dead money or drawdowns vs equities.
Chasing junior miners off newsletter pumps → catastrophic single-name losses.
Chasing ETH/BTC near cycle highs based on 10x doom-narratives → 60–80% drawdowns.
Sell everything because “biggest crash ever by June X.” Crash doesn’t come. Market grinds higher; you’re stuck in cash or metals.
On a risk-adjusted basis, this group — as a cluster — is not just “unimpressive.”
It’s worse than random once you factor in opportunity cost and concentration risk in ultra-volatile assets.
4. Big Picture: What the Matrix Actually Shows
Strip the branding and you’re left with this:
a) One or two real hits (2008 crisis for a few, maybe a commodity or EM call here and there), followed by years of:
b) They are not "underrated geniuses."
c) They are marketing assets at best, and scam artists at worst, repeatedly leveraged by newsletter and media ecosystems to sell gold, miners, survivalism, and subscriptions.
Also Read: The Social Cost of Doom
Also See
Related
More on the Scammy Financial Copyediting Industry
More on Dave Collum
More on Alex Jones
Background of Jeff Rense
Background on Fitts
More on Copyediting Cons
Articles on Gold and the Gold Pumping Syndicate
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