"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.
Were you scared out of the stock market over the past several years as a result of something you read or heard from one or more fear-mongering clowns?
You know who many of these fear mongering clowns are. They're the guys who have been preaching doom and gloom for years.
And I'm willing to bet they'll be preaching the same bull shit until the day they die.
How can I be so sure of this?
Because doom and gloom is their sales pitch. They're in the (shady and arguably illegal) business of sales based on manipulation of your emotions using lies, exaggerations and many tactics too lengthy to mention here.
People who paint a never changing narrative are far from credible. And they certainly aren't analysts. They're shifty hucksters seeking to prey off your fear and anxiety; fear and anxiety that they've injected into your mind.
And once you've accepted this narrative, it's extremely difficult to break away from the web of deceit and mind control. If you've fallen for the fear mongering narrative or any other theme based on sketchy claims, I have some bad news for you. You're in a cult. The man made Climate Change narrative is another example of a cult.
So why do some people pursue this route of creating a business out of fear and doom?
Because they're dishonest, greedy, disgusting, money-grubbing SOBs. And they worship money so much that they have no regard for those they fleece and the lives they destroy.
These scum bags are the same people who preach unfettered capitalism as the best approach, but only because it means fewer options for legal recourse once they've scammed you.
So if you've been fooled by their libertarian "get the government out of our lives" rants, you've been fooled again.
At the end of the day most of these fear mongering hucksters are committing fraud because they're earning an income based on lies.
Okay I get it. At the time you didn't realize they were clowns and cons looking to deceive and swindle you. Fair enough, but only up until a certain point.
If however by 2013 you were still stuck in this mind control cult of fear mongering charlatans, all I can say is God help you.
Hopefully by now you've been able to wake up. I like to think that my work exposing this huge racket has helped a good number of people wake up. I've sacrificed a huge loss in income as a result of this mission to expose these scam artists. But I've done so because it's something that needs to be exposed since so many people are being conned and steered into the gutter.
My mission to expose these shysters is very much related to my overall objective to help average people become much better investors. And the process all starts with exposing the media, as well as the fear mongering hucksters.
Let's get back to the main point.
The bottom line is that you need to look at reality. The US stock market continues to enjoy its longest bull run in history.
But have you benefited from this historic run?
I know my research clients have because I've kept them in this bull market ever since having called the exact bottom on March 10, 2009.
As well, I have helped my research clients navigate nearly all of the market selloffs and corrections since 2009, adding even more to their gains.
Take a look at my track record and see for yourself. [1][2][3][4]
I state this not to boast. I only state these verifiable facts in order to give you some perspective as to what's going on so you will realize that the media is gaming you.
Imagine someone with my track record being black-balled by the media, while fear mongering con artists with terrible track records continue to be positioned as "experts" by the media.
Once you realize that this is in fact what's been going on, you'll begin to see things much differently. At that point you will at least know how not to proceed if you want to become a successful investor.
Perhaps you have stayed out of the stock market as a result of so many of the media's "experts" who have been warning about hyperinflation, a dollar collapse, a stock market collapse year after year, while telling you lies such as gold is money and doing everything they can to get you to buy gold and silver.
I could rattle off a very long list of names of people who have been making these claims year after year. Here I'm going to focus on Michael Pento.
You know folks, I find it really ironic as well as hilarious that the same clowns and charlatans who claim "fiat currencies" are "worthless" are also willing to exchange their gold and silver for your "worthless fiat currency."
If you feel for this scam I'm sorry to be the one to break it to you, but you've been had.
Keep in mind that if guys like Michael Pento were not provided with constant media exposure, the masses would have never been exposed to their nonsense. Hence, the masses would have most likely stayed in the stock market, enjoying this great bull market run.
Instead, most people have been scared of the longest bull market in stocks in US history.
If you are one of these individuals you have the media to blame. You should this criminal enterprise knows how you feel.
So let's take listen to what Michael Pento was saying back in 2010, the year the video below was recorded.
As you listen to the video I want you to focus on his fear mongering lines.
And I want you to think about the entire crew of fear mongering clowns (Peter Schiff, Jim Rogers, Marc Faber, Jim Rickards, Harry Dent, etc.) who are promoted by the media as experts on a daily basis and have been for decades.
As you can imagine, Pento has continued to sing the same tune ever since then as of the date of publication of this article. But he has a slight twist to his fear mongering narrative.
You see, Pento wants you to send him your money to "invest" with him based on his ridiculous ideas and misguided approach.
Now I can't speak as to what kind of investments Pento is putting his clients' money into currently (if he even has any clients) because I haven't seen or heard anything. But I did see what he was investing in a couple of years ago. I'll let the image below do some of the talking.
I can't imagine his allocation would differ much from 2012 considering he's still singing the same lines.
Now if you check the performance of the sectors he was invested in since then you can see it was terrible.
But it gets worse. You'll notice he has a large stake in the Energy ETF, USO. This is really funny because on many occasions I've actually pointed out in Boot Camp and other webinars how you will never make any money with USO unless you're day trading it. And I'm willing to bet Pento isn't day trading USO or anything else. I have to assume that Pento has no idea how USO works because if he did he wouldn't own it.
I could go on to pick his terrible portfolio apart starting with his gold and materials holdings but I don't want to distract too much from the main point of this article. The last point I'll mention is that you'll note that Pento has a holding of large cap dividend stocks.
But Pento, I thought the US economy was fake and being propped up by money printing from the Fed and it's all going to come tumbling down, right? Isn't that what you've been saying over the years?
So why are you buying stocks? Maybe it's because your real objective is to get paid. And your fear mongering rants are just smoke and mirrors nonsense designed to reel in suckers.
Folks, if you examine Pento's rants over the years, it's clear to me he's guilty of bait and switch. That is, he constantly rails against the US dollar emphasizing how it's going to collapse and how you need to stay away from dollar-denominated assets based on all kinds of conspiracy horse shit. But once he hooks you he convinces you to invest in fiat based assets! Wow. Amazing!!
Another point of interest is that although Pento refers to himself a "chief strategist" in the video, I know that Pento had previously been referred to as the "chief economist" for Delta Global Advisers.
I suppose when you have an investment management firm with only three employees (including the IT person) you need to wear a lot of hats. But Delta Global claimed to have more than $1 billion under management so you'd think the firm would have a few hundred employees.
Back around 2010 I was personally told by an employee of the firm that they had $3 billion under management, which I immediately realized was bull crap.
What's important here is that irrespective of whether Pento was serving as the chief economist or chief market strategist for Delta Global, the fact is that he was a key employee of the firm during the period when the firm claimed inflated AUM numbers in addition to other violations of securities laws. And he was one of only three total employees of the firm. So how is it that he did not know Hanlon was pulling a fast one on the public?
As a result of the lies and other transgressions committed by Delta Global Advisers, the firm was shut down a few years ago and the CEO, Chip Hanlon was barred from the securities industry by the SEC.
Although Pento was never charged with any wrong doing, I cannot see how it's possible he didn't know what was going on.
After all, he was the firm's chief economist. So how did a chief economist not even realize his own firm was committing the most basic and obvious level of fraud?
This might explain why Pento ran off to work for Peter Schiff at his firm, Euro Pacific Capital as a salesman for his newly launched mutual funds right around the time Delta Global was shut down.
I suppose anyone can refer to themselves as an economist or even chief economist. But based on the ridiculous and inaccurate statements that have come out of Pento's mouth, it's clear that he doesn't really understand economics. He does however understand fear mongering conspiracy nonsense and how to market it.
Given Pento's repetitive fear-mongering rants one would have assumed him to be a great fit at Schiff's brokerage operation, but this was not the case. Apparently something went very wrong not long after Pento joined Euro Pacific.
In less than a year after joining Schiff at Euro Pacific, Pento was gone.
There was no announcement from either Pento or Schiff explaining the departure. Very odd indeed, especially considering that Pento was a huge Schiff lackey and sycophant.
Perhaps Schiff fired Pento because he did not want to risk potential problems that may have materialized by having an employee at his firm that had been previously connected to a fraudulent investment firm.
This could very well be the reason for Pento's silent departure, especially given the fact that the CEO of Delta Global who was charged with fraud, Chip Hanlon was previously the COO at Euro Pacific Capital!
As many long time readers will recall, I was the first person to have exposed the Schiff-Pento-Hanlon connection several years ago. But it seems as if no one else has since mentioned this connection.
Folks, if you really think all of these connections I've been pointing out over the years are a coincidence, I'd say you're not too bright.
Remember, you are judged by the company you keep. As I've previously pointed out, there have been several former employees of Schiff's firm that have gone on to commit securities fraud in addition to Hanlon.
My guess is that Pento realized he would never be able to so much as land a stock broker job after the Delta Global fiasco, so he decided to open his own RIA firm from his house offering to manage client assets.
As I've stated many times in the past, ANYONE can become an RIA. There are absolutely NO hurdles to receive this flimsy designation. At least Wall Street puts up a few barriers when screening for financial advisers.
So just how incompetent is Pento?
Well, considering he claims to be an economist yet doesn't even understand how the yield curve works, I'd say he's about as incompetent as they come (see the video below).
For example, Pento keeps insisting that when the Treasury bond yield curve inverts the inversion sets a wave of events in motion resulting in a recession!
That's right. He actually thinks that inversion of the yield curve causes a a problem within the financial industry which leads to a recession!! WOW.
What I'm wondering is how a guy who constantly preaches about US assets being trash and so forth can claim to be a legit investment adviser. Michael Pento, Another Gold Pumping Doomsday Clown
How can Pento claim to be managing money when he has gone on record claiming that fiat currencies have no value? Is he so foolish that he fails to realize that stocks and bonds are based on fiat currencies?
Remember that similar to Schiff, Pento has been fear mongering over hyperinflation and a dollar collapse since 2010. He's also been fear mongering over a bond collapse since at least 2012.
And of course he's also been a loyal gold pumper throughout that time as well.
You see, pumping gold can land you a large customer base of fools when you're been promoted by the gold charlatan syndicate.
In my opinion, one would have to be mentally ill or a deranged nut to hand money over to a man who has been preaching doom since 2009, especially given that he was nowhere to be found when it came to predicting the financial crisis.
This is a man who has been fear mongering nonsense constantly. And if you were unfortunate enough to have listened to Pento, you probably missed out on the longest bull market in US history.
Good luck trying to get that opportunity back.
Similar to just about every single clown that gets hyped up by the media, Michael Pento is Jewish. And that's specifically why he received extensive media exposure prior to his firm being shut down by the SEC. Think about that.
I have eleven additional images like the one above illustrating how often Pento was featured in the financial media as one of its "experts." This all came to an end once his firm Delta Global was exposed as a fraud and shut down by securities regulators.
Amazingly, today Pento continues to claim that Delta Global was a legit firm (notice his play on words to avoid claiming Delta Global had $3 billion in assets under management). Delta Global was a complete fraud led by a three-man team of clowns, one of which was Pento. And it was shut down for lying about its AUM.
If Pento would have been barred from the securities industry like Hanlon, he wouldn't be able to mislead people with his nonsense.
You need to ask yourself why the media isn't disclosing these very critical facts about these Pento, Schiff, Hanlon and the rest of the clowns they position as experts.
As I have discussed in the past, if you spend the necessary time doing the proper research you're going to discover that nearly every clown positioned in the media as a financial expert is Jewish, has a very shady past and a terrible track record.
It's by no means a coincidence that just about every single one of the media's so-called "experts" is Jewish. All intelligent people realize that Jews run the entire media-entertainment industry (along with Wall Street and banking, the legal system and much more).
The big problem with control over industry by Jews is that they are focused on promoting their own kind regardless of merit. Think carefully about this reality. This is blatant discrimination by the Jewish mafia, and it remains as a huge problem. If you open your eyes you will see it just about everywhere.
Always remember that you always lose if you pay attention to the media.
The Jewish mafia controls the media. The fact is that the media is a criminal organization that seeks to rip you off and steer you into the gutter.
This gang of criminals is most concerned with fleecing its audience by steering them into the gutter compliments of the media’s so-called experts, nearly all of which happen to be Jewish and nearly all of which happen to be wrong the majority of time.
And because corporations ultimately serve as a primary means of funding for media, the media and corporate giants are waging a war of deceit, lies and fraud against you the investor and consumer.
And if you think the so-called "alternative media" is exempt from this scam, you are sadly mistaken. The "alternative media" is much worse than the so-called "mainstream media."
At the end of the day, all media is run by Jewish bigots and racists. This includes the "alternative media."
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