Previously, I discussed the trend of massive healthcare inflation which has not been addressed by healthcare reform. I mentioned that insurance premiums would rise to account for new taxes and other provisions of the law. But rather than employers being left out to dry, I discussed that they would simply pass higher costs onto employees in the form of higher premiums and deductibles and less coverage. This is already happening.
Read moreLast week, more than 14,000 nurses from Minnesota hospitals staged a 1-day walk-out as a sign of protest over excessive patient loads. The nurses are right about staffing shortages and overloaded responsibilities. However, their solution – hiring more nurses will add further costs pressures to America’s unsustainable healthcare bubble. Without radical change, this bubble promises to burst, adding yet another dimension to America's healthcare crisis. Most p...
Read moreServing as a catalyst for BP's oil spill, Obama recently addressed the need for the U.S. to move forward with an initiative to emphasize utilization of its vast natural gas reserves. This is just another distraction by Obama to cover up from his failed healthcare reform and the soon to be failed Wall Street reform. In the recent past, the switch to natural gas has been argued as a means by which to blaze a path towards cleaner air, less foreign oil dependency and lower energy costs. H...
Read moreHopefully by now you are familiar with all of the campaign promises Obama made prior to winning the 2008 presidential election. Unfortunately, he has broken virtually every single one of his promises. After only a few months in office, it was clear to me that Obama had surpassed Bush's disastrous performance which took him 8 years to establish. This is something I thought would be impossible to achieve over my life time. Here are just a few of Obama's broken promises: (1) Imm...
Read moreI don’t make it a habit of analyzing short interest data. However, I always check the data when I initially scan a security because it can help when analyzing the charts. Of course, if I want to design an entry/exit strategy, it becomes very important to know the short interest and the short interest ratio of the security in question. Over the past few days, I managed to run across four stocks that stuck out like a sore thumb due to their high short interest ratio, a...
Read moreThose who read investment books (hopefully by now) realize that most are littered with filler material, written (and often edited by ghost writers) in a way that makes you think the book is g...
Read moreIt seems as if the new trend in modern America is to use scare tactics as a way to sell the sheep. It worked for President Bush when he warned of Saddam’s WMDs. It also worked for Paulson when he shoved the unconstitutional banking and auto bailouts (TARP and other taxpayer funds) down the throats of U.S. taxpayers. (1) (2) (3) (4) Today, various individuals, from media clowns to investment pundits are using their own brand of scare tactics in order to get people to buy gold. As...
Read moreI just ran across this plea from Peter Schiff in my mail box and I had to make a comment. This is a man who took his 5-man brokerage firm and turned it into a staff of over 100 in less than 3 years, compliments of CNBC and the naive individuals who fell for his hot air.
Read moreYou should realize by now that in the U.S., if you have money, you don't go to jail, regardless of the crime. The more money you have, they better your chances to escape the law. Not one single criminal of the thousands responsible for the dotcom collapse were sent to prison; not even Steve Case (AOL); not even the bums at Global Crossing; none of the dotbombs that committed accounting fraud. What about the back-dated options scandal? Today, we have not seen a single criminal indic...
Read moreIn the past, I have made mention of Mearsheimer and Walt's book, The Israeli Lobby and U.S. Foreign Policy, although I have not read it (I have no time!). I do know the book's premise from reading articles and watching interviews they have given. Mearsheimer and Walt, both Jewish professors at the University of Chicago and Harvard respectively, received virtually no coverage for what was originally a paper, later turned into a book discussing the control over U.S...
Read moreIn the Wall Street Investment Bible, I discussed other securities I that had a good chance of bankruptcy down the road (e.g. Blockbuster and Sirius Satellite). Regardless what ultimately happens with these companies, my analysis has thus far been correct. Since analyzing these companies, shares have declined by about 90%. In the most recent newsletter, I discussed some stocks in the past that I was able to determine that the market was wrong about. The reas...
Read moreOkay folks. I've been working on the May newsletter over the past few days and one of the securities submitted for analysis was Monsanto. I've actually meant to do some write-ups on the controversial nature of the company but I haven't had the time. So you can bet I selected it as one of the securities to discuss. Instead of selecting just one security, I decided to discuss a few (but in less detail) because I received so many submissions that I feel should be discussed.
Read moreI want you to read an article by the Associated Press. As you will see, it was very deficient, hardly critical of the SEC and the banking fraud, and left out key issues. This is just another example how the media brainwashes the public. I run across this type of deceit all day every day. The article is in italics. My comments follow in bold. Goldman Case Shows Power of SEC's Bully Pulpit The Securities and Exchange Commission's fraud case against Goldman Sach...
Read moreAs some readers might recall, without budget solutions from the Governor and Legislature, the California State Controller was forced to issue IOUs to several State payees last July in order to prevent a $2.8 billion cash shortage. IOUs began printing July 2, and ended September 3 of last year. The California State Treasurer began redeeming the IOUs September 4, 2009, and sent out more than 89,000 letters to remind holders of IOUs of the redemption. Each IOU accrued interest...
Read moreIs there any reason why Pfizer shares are down today? Just yesterday, shares were trading at ~ $17.30. Today, with the DJIA up by 0.7%, Pfizer is down by nearly 1%. A clue to this sell-off MIGHT be due to the anticipation by investors of increasing pressure to change the way drugs are prescribed. This could also trigger several lawsuits down the road. Recently, another study was published in the Journal of the American Medical Association discussing elevated s...
Read moreMany of you know where I stand on gold. Despite having forecast gold to rise to very high prices in America's Financial Apocalypse, the fact is the gold bugs have fooled many to believe gold is a hedge against inflation. They have also tried to scare people by insisting the U.S. will undergo hyperinflation as a way to pump gold further. As I have shown in previous articles, these claims are not true. I wanted to show you an example of the kind of propaganda being spread about&nb...
Read moreYou may have heard about the turkey shoots by U.S. military and mercenary groups (Blackwater) in Iraq. The problem is, a good deal of the turkeys are innocent Iraqi civilians, some of which are women and children. According to various estimates, anywhere between several hundred thousand to 1.2 million people have been killed in Iraq since 2003.
Read moreBack in the Spring of 2009, the World Bank forecast that the global economy would contract by 1.7% that year; the first global contraction since the Great Depression (yet another clear indicator we are in a depression). As it turns out, they were quite conservative (as you would expect). Latest numbers from the World Bank show a decline in global GDP by 2.2% for 2009. As I have alluded to on numerous occasions, it has been much of the developing world (China, Brazil and India) that ha...
Read moreFor years, industry hacks and political opportunists have paid off America's media monopoly to ensure its audience remains in the dark as to the realities embedded within America’s broken healthcare system. As you might imagine, most of these bribes have come in the form of soft dollar arrangements, namely through the industry's multi-billion dollar annual ad campaign. But we certainly cannot forget the industry bribes to Washington. When the pharmaceutical i...
Read moreWhen many people mention the collapse these days, the most common response I've heard is "everyone knew it was coming." Perhaps you've heard the same.
Read moreThis article was originally published on March 19, 2010, but I have decided to repost it because it's getting ready interesting. I encourage you all to ask Mish why he would not want to mention the WaMu fraud I reported in my SEC complaint. As the insider trading case is obvious and I am willing to bet any amount of money to anyone on this. The SEC holds the evidence. I also claimed that WaMu was NOT insolvent. As we now know, according to court testimony from JPMo...
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