Filed under: Uncategorized | Tags: afghanistan, al-qaeda, Al-Qaeda Tapes, alqaeda, barack obama, Benazir Bhutto, bin laden, bin laden dead, Bin Laden Tapes, bush, CIA, Col. Bob Pappas, Dick Cheney, donald rumfeld, fake alqaeda, fake pictures, fearmongering, George Bush, hitler, inside job, IntelCenter, iraq, Media Fear, media manipulation, military industrial complex, mission accomplished, nation building, obama, obama deception, obama surge, obamas wars, occupation, osama, osama dead, pakistan, propaganda, psychological operations, psyops, Saudi Arabia, scam, state sponsored terrorism, surge, tora bora, War On Terror
Media Uses FAKE PHOTO of Dead Bin Laden
May 2, 2011
Mainstream media used a FAKE image of Bin Laden and passed it off as the actual trophy shot of the terrorist that was apparently killed on May 1, 2011. The image was used on the front pages of the Daily Mail, Times, Telegraph, Sun and Mirror websites along with many cable news outlets.
Officials claim they have the real pictures of the dead Bin Laden, but say that they are too graphic to put out. The pictures apparently show Bin Laden with a gunshot wound to the side of the head but due to the wounds his face is “unrecognizable”. Officials also say they quickly disposed Bin Laden’s remains into the sea for the sole reason not to create a martyr shrine for future jihadists.
In my opinion there will be no pictures of the corpse of Bin Laden because he was never assassinated on May 1, 2011. IF they do roll out the photos, the corpse would be unrecognizable. Seems all too convenient to dump the body at sea and not show the public actual proof of his remains because there are none!
There is just too much proof that Bin Laden died in 2001 in Tora Bora, be it health issues or military involvement, check these out:
Osama Bin Laden Pronounced Dead… For the Ninth Time
Osama bin Laden: A dead nemesis perpetuated by the US government
BREAKING NEWS: Osama bin Dead awhile
FOX NEWS Reported Bin Laden’s Death in 2001
Bin Laden’s Ghost Claims Flight 253 Attack
U.S. Openly Accepts Bin Laden Long Dead
May 1 is a day of historical events, here are a few:
1776 – Adam Weishaupt founds secret society of Illuminati
1945 – Hitler was declared dead
2003 – Bush declared “mission accomplished” in Iraq on an aircraft carrier
This is just a massive propaganda campaign by the Obama administration to boost his approval rating and to stir up patriotism in support of more wars across the globe. To say that the Obama administration killed Bin Laden on May 1st seems just too perfect. Bin Laden’s supposed death is most likely politically motivated for Obama, and could be a pretext for another major 9/11-type event that will continue the global war on terror that will result in more unconstitutional measures and possibly a military service draft.
UPDATE: The media is still using the fake image of the dead Bin Laden! Sky news is still questioning whether the photo is real or fake, here’s the undeniable proof that it’s a total fraud:
Filed under: Uncategorized | Tags: 9/11 truth, alex jones, alex jones deception, alex jones exposed, alex jones fraud, alex jones lies, alex jones scam, bill cooper, bullhorn, censorship, co intrl pro, dr. wallach, fearmongering, hypocrisy, jack blood, Kevin Trudeau, liberty movement, mancow, patriot movement, porter stansberry, propaganda, pyramid scam, pyramid scheme, Ron Paul, scam, SEC, tea, truth movement, violet jones
Hypocrite Alex Jones Censors YouTube Comments
March 26, 2011
Hypocrisy at its finest. Alex’s YouTube Channel has blocked my account from commenting on his latest video called ‘Censored TV Ad Banned from Airwaves’ for exposing his past dirty deeds and his support for scam-artists like Kevin Trudeau and Porter Stansberry.
Screen-shot taken the moment my account was blocked from commenting on ‘Censored TV Ad Banned from Airwaves’
Alex Jones complains about how the corporate media censored Porter Stansberry’s ‘End of America‘ Ad that he narrated, yet in his own YouTube video he’s filtering out the comments that disagree with him. Keep in mind this is the same guy that previously talked about how YouTube was censoring his videos despite the fact that if you search for the term “Alex Jones” in YouTube you’ll literally find thousands of videos to choose from. This proves without question that Jones is a hypocrite and this ‘video alert’ he just released whining about censorship is nothing more than another cheap stunt to get more suckers to buy into Porter Stansberry’s new scam.
(Alex Jones has been caught numerous times editing out material out of his radio show archives when callers mentioned information pertaining to over radio hosts and networks. There’s also been reports of moderators deleting and censoring posts on his own message board.)
The ‘End of America‘ video is a creation of Frank Porter Stansberry, founder of Stansberry & Associates Investment Research. Porter Stansberry was sued by the SEC for investment fraud.
An investment newsletter’s publisher and its editor have been hit with $1.5 million in financial penalties after a U. S. federal judge determined they defrauded their own subscribers in a securities scam.
Judgment in favor of the Securities Exchange Commission and against Maryland-based Pirate Investor LLC, now called Stansberry & Associates Investment Research, LLC, and Frank Porter Stansberry was issued at the U. S. District Court for the District of Maryland on August 1, 2007 – 28 months after the completion of a bench trial. The penalty comprises disgorgement of $1.3 million in profits and interest from the fraudulent activity, for which Pirate Investor and Stansberry are jointly and severally liable, plus a fine of $120,000 against each defendant.
The SEC had accused the defendants of fraud concerning a “Special Report” authored by Stansberry, using the pseudonym ‘Jay McDaniel’, about publicly-listed uranium enrichment services provider USEC, Inc. and a promotional “Super Insider Tip Email” offering the Special Report for sale that was distributed on May 14, 2002, after which Pirate Investor sold 1,217 reports for $1,000 each.
The promotional material offered purchasers of the report the opportunity to “double your money” by acting on “inside tips” that Stansberry had obtained from a “senior executive inside the company”, according to the SEC. However, the SEC alleged that the report, which included a claim that Government approval for a lucrative new pricing agreement involving USEC would be announced on May 22, was replete with lies and the judge agreed.
“The Super Insider Solicitation and the Special Report contain numerous statements that were untrue,” he commented. “Some of the untrue statements may not be actionable. [For example, the use of the pseudonym “Jay McDaniel” or even the predictive nature of some statements.] However, the essential fraudulent element – the misrepresentation that the purveyor of the Special Report had a particular inside source for the precise date on which the stock price would rise – is definitely actionable.” [Source]
Alex Jones is the same person who rails against corrupt government and big bankers like Goldman Sachs, yet he hangs around Maddoff-like cronies that rip-off his own readers for money. What does that say about Alex Jones?
This is the tip of the iceberg, follow the rabbit-hole and you will find even more scummy individuals tied to Alex Jones;
Dr. Joel Wallach
Dr. Joel Wallach has scammed many unfortunate people with debilitating diseases by creating a Pyramid Scheme in the U.S. and Australia. Here’s Stuart Adams, a nutritionist exposing his Pyramid Schemes and potentially dangerous products.
“I accepted an invitation to a information evening hosted by ‘Australian Longevity(AL)’, which sounded to me like it was just some kind of health enthusiast group. I arrived at the Australian Longevity head office at Castle Hill in Sydney, to find out that AL was in fact the Australian extension of ‘American Longevity’; the Multilevel Marketing (MLM) scheme created by Joel Wallach through which he markets his magic mineral water. I was told all about the wonderful health improvements that AL members had received from taking the ‘pig pack’; the name given to an incredibly expensive combination of dietary supplements, among which included this wonderful ‘glacial milk’ which the DDDL tape had left listeners wondering about. This particular mineral product was promised to be special in that it contained all ’60 essential minerals’ unlike the small handful that most supplements contain, but most notably, contained minerals in their ‘colloidal form’ which according to Wallach, was the only form in which our bodies could properly absorb them.
What seemed most interesting to me was the cult-like nature of this group. Many of them I recognised from the Latter Day Saint (Mormon) church, in which I had been brought up. (Apparently, Todd Smith, whom I would later meet in court, was a Mormon who brought the MLM scheme to Australia and had evidently used the church as a vehicle to spread his business.) The meeting involved attendees standing up, giving personal testimonials of how they had been cured of their diseases, and talk of why we should not trust the medical profession when it comes to health care, but instead refer to the teachings of Joel Wallach, who apparently was brave enough to rebel against medical conspiracy to bring us all the wonderful cures we needed to get well and stay well. This ”ours is the true group” ”we have the true leader” ”spread faith-promoting testimonials” nature of the meeting gave it many of the attributes I had become familiar with, growing up in the Mormon church. The man who had originally invited me along even told me that Joel Wallach was similar to Joseph Smith (the founder of the LDS religion) because both were humble farm boys, condemned among mainstream thinking for bringing the truth to the people, spread through a small faithful group.
These meetings were apparently a weekly event, where MLM distributors were to bring along new recruits to encourage them to sign up and join the pyramid; thus beginning the road to financial freedom simply by finding a handful of friends or family members who could do likewise. We were also given lots of health advice advocated by Wallach, which included making sure we consume lots of salt, butter and animal fat, to avoid vegetable oils and fibre, and of course, to purchase their various ‘nutritional’ supplements, most notably the ‘pig pack’ (so called because it was the formula Wallach claims to have used to cure arthritis in pigs) which included the all important ‘plant derived’ colloidal mineral water. Throughout this time I was informed as to the ‘real’ causes of various diseases such as cardiomyopathy, diabetes and even baldness and grey hair.
Many of the people who had been brought along by distributors were simply old, sick and very desperate people who were either sick themselves or had desperately ill family, who had heard Wallach’s DDDL tape (and no doubt received advice from AL distributors) and come along in hope of finding a cure.
The lies of Wallach and Australian Longevity may do more harm than simply ripping people off. Several of Wallachs claims are potentially dangerous, and some of his products may be harmful.” [Source]
Dr. Wallach made a MLM page for Alex Jones called the ‘Infowars Business Team‘, which is a Pyramid Scheme site encouraging others to sell Dr. Wallach’s products in hopes to get discounts on supplements and ‘financial freedom’:
Alex is excited to offer you the chance to work with him in a ground-breaking business that can help you achieve financial success and work alongside other like-minded, freedom-loving individuals. You don’t need to depend on global corporations or the government for your family’s financial needs. Working with Alex and others on our Infowars Business Team you can build your own, independent business – a business you control. Sign on with Alex and spread the word to others that the Infowars Business Team is here. [Source]
Infomercial con-artist Kevin Trudeau is a twice-convicted felon for swindling a bank and cheating his own customers through credit-card fraud. When he was in prison he started a Pyramid Scam called ‘Nutrition for Life‘, he was sued for that in several states and had to pay $185,000.
Kevin has been on the Alex Jones Show several times to promote his new Pyramid Scheme called the ‘Global Information Network’ and to push his books. The new scheme claims that anyone who joins the network will get inside information on the Bilderberg group where members will be taught their secrets of financial success.
The Ken Solar Scam
Now I know that this is a lot of information to absorb about the self-proclaimed patriot Alex Jones, but these facts alone should make you think twice about doing business with him or any of his sponsors for that matter. Many people that are from the patriot or truth movement are calling out Alex Jones & Company, including the infamous Jack Blood from Deadline Live who said;
Alex Jones “had called me late at night and talked about how we have to get people who don’t agree with him. What we can do behind the scenes to attack people in the liberty movement and TAKE THEM OUT, because they were causing him ‘due grievance’, that he felt threatened by them for some reason. A lot of times it was just because they didn’t ‘follow orders’ or they didn’t ‘worship enough’.” “One night I was sitting with Daniel Abrahamson in my kitchen and Jones didn’t know that we were together, he called us both, tried to play us off against each other while we were sitting at the same table. I mean this kind of thing would happen over and over and over again, I found myself blackballed in the movement!” “What I’m telling you is what comes from Alex Jones Corp. is not honest, he is not an honest broker. He could care less really about Texas, about liberty, about the republic, about 9/11 truth. I watched in the office when he was out of town once and I was covering for him. He had some kind of a special where if you bought right now you would get an autographed copy of a video or something, they ran out of autographed copies I watched as some of the office workers signed the videos ‘Alex Jones’.” “I’m in the (Alex Jones Show) office I’m watching just truckloads of videos going out the back, not his videos, other people’s! And I watched how they would call up and buy people’s videos for nothing, giving that person absolutely no profit forcing that person to decide on ‘well do they want exposure on the Alex Jones show and do they want to make 50 cents a video and here’s a lump sum of five or ten thousand dollars, or not?’.””>Alex Jones wanted to black-ball people in the truth movement and how he robbed them blind all just for exposure on his website;
Alex Jones “had called me late at night and talked about how we have to get people who don’t agree with him. What we can do behind the scenes to attack people in the liberty movement and TAKE THEM OUT, because they were causing him ‘due grievance’, that he felt threatened by them for some reason. A lot of times it was just because they didn’t ‘follow orders’ or they didn’t ‘worship enough’.”
“One night I was sitting with Daniel Abrahamson in my kitchen and Jones didn’t know that we were together, he called us both, tried to play us off against each other while we were sitting at the same table. I mean this kind of thing would happen over and over and over again, I found myself blackballed in the movement!”
“What I’m telling you is what comes from Alex Jones Corp. is not honest, he is not an honest broker. He could care less really about Texas, about liberty, about the republic, about 9/11 truth. I watched in the office when he was out of town once and I was covering for him. He had some kind of a special where if you bought right now you would get an autographed copy of a video or something, they ran out of autographed copies I watched as some of the office workers signed the videos ‘Alex Jones’.”
“I’m in the (Alex Jones Show) office I’m watching just truckloads of videos going out the back, not his videos, other people’s! And I watched how they would call up and buy people’s videos for nothing, giving that person absolutely no profit forcing that person to decide on ‘well do they want exposure on the Alex Jones show and do they want to make 50 cents a video and here’s a lump sum of five or ten thousand dollars, or not?’.”
Alex Jones is the self-proclaimed ‘leader‘ of the truth movement is nothing but a fearmonger hell-bent to get rich off people’s anxieties about the world. He made a name for himself in exploiting REAL conspiracies, and hyping up events that never turn out to be anything. For example; Alex Jones hyped up the Y2K scare that made many run for the hills according to Bill Cooper who said Alex Jones is a dangerous person that could be the death of the patriot movement. Just recently Alex Jones hyped the Japan fallout claiming that ‘one little grain of plutonium or uranium in you, you’re dead’. He used this event to push high-priced Potassium Iodide ( KI ) pills for $40 a bottle and falsely claimed that he was selling ‘the only Potassium Iodide in the U.S.’.
It’s up to you to realize that people who say ‘my friends‘ are really your enemies. Alex Jones could care less about the Truth Movement or stopping the New World Order and routing out corruption in America. Alternative news is important, but have to remember to always remain skeptical because there’s a war out for your money.
Filed under: Uncategorized | Tags: 1984, 1st amendment, 2-party system, big brother, corruption, cyber emergency, cyber terrorism, DHS, Dictatorship, egypt, egypt revolution, Empire, eqyptian revolution, free speech, homeland security, internet, internet 2, internet blackout, internet freedom, internet police, Joe Lieberman, kill switch, martial law, nanny state, obama, obama deception, one party system, orwell, Police State, problem reaction solution, propaganda, surveillance, susan collins, us constitution, War On Terror, Washington D.C.
Internet ‘Kill Switch’ called ‘Internet Freedom’ bill
I love it how the scum in Washington D.C. like to use doublespeak like ‘freedom’ and ‘patriot’ in draconian legislation like this, again more propaganda against the masses to accept their own lobotomy.
- A Senate proposal that has become known as the Internet “kill switch” bill was reintroduced this week, with a tweak its backers say eliminates the possibility of an Egypt-style disconnection happening in the United States.
As CNET reported last month, the 221-page bill hands Homeland Security the power to issue decrees to certain privately owned computer systems after the president declares a “national cyberemergency.” A section in the new bill notes that does not include “the authority to shut down the Internet,” and the name of the bill has been changed to include the phrase “Internet freedom.”
“The emergency measures in our bill apply in a precise and targeted way only to our most critical infrastructure,” Sen. Susan Collins (R-Maine) said yesterday about the legislation she is sponsoring with Sen. Joe Lieberman (I-Conn). “We cannot afford to wait for a cyber 9/11 before our government finally realizes the importance of protecting our digital resources.” Source
Filed under: Uncategorized | Tags: April 6 Youth Movement, blackops, Brent Scowcroft, cairo, CANVAS, CIA, color revolution, color revolutions, corruption, Coup, Dictatorship, egypt, egypt revolution, Egyptian April 6 Youth Movement, egyptian revolution, Empire, fake, False Flag, fraud, freedom house, Globalism, government crimes, Hoax, inside job, International Republican Institute, Iran, IRI, john mccain, lindsey graham, mubarak, nation building, neocons, new world order, NWO, occupation, oil, optor, propaganda, Protest, psyops, riot, scam, serbia, Slobodan Milošević, state department, state sponsored terrorism, US meddling, US National Endowment for Democracy, War On Terror, webster tarpley, world government, youth movement
More Proof Egypt Revolution was a CIA op.
Feburary 20, 2011
First noted by geopolitical analyst and historian Dr. Webster Tarpley, some suspicious similarities could be seen between the Egyptian unrest and another, known US-backed uprising in Serbia. Serbia’s Otpor, or the “resistance,” was funded to the tune of millions by the US National Endowment for Democracy. Its signature clenched fist logo adorned flags, signboards, and t-shirts carried by the US State Department-laid astro-turf until the ousting of Slobodan Milošević in 2000.
The exact same logo would turn up 11 years later across the Mediterranean Sea in the streets of Cairo, illustrating further the preposterous, foreign-backed nature of the Egyptian uprisings. Could it just be just a coincidence and Dr. Tarpley’s take mere speculative conjecture? Not even close.
After its success, Serbia’s Otpor would continue receiving funds from the West and become a “CIA-coup college” of sorts, under the name CANVAS, or “Center for Applied Non-Violent Action and Strategies.” It appears that after the Egyptian April 6 Youth Movement finished attending the US State Department funded confab in New York City in 2008, it would make a trip to visit CANVAS in 2009. From there, it took CANVAS’s “curriculum” and apparently their logo, and began assembling a US-funded mob in Egypt.
Amongst CANVAS’s current “partners” are the Albert Einstein Institution, Freedom House, and the International Republican Institute (IRI). The IRI includes amongst its board of directors John McCain, Lindsey Graham, and Brent Scowcroft. When John McCain says “We should have seen this coming,” in regards to the unrest in Egypt, he obviously isn’t talking about himself since he helped make it happen.
See with your own eyes, the absolutely shameless hoax foisted upon you, the general public, by your corporate owned mainstream media, the US State Department, and all the disingenuous leaders who have feigned ignorance and surprise over the premeditated and meticulously planned unrest still unfolding throughout the Middle East today, and NEVER believe a word they say again.
WSerbia’s US National Endowment for
Democracy funded “Otpor”
Serbia’s “Otpor,” a model for future
US-backed color revolutions.
Serbia’s “Otpor,” U.S. ready-made mob.
Serbia’s “Otpor” or “Resistance.”
Egypt’s “April 6 Youth Movement,” note the EXACT same
fist logo, most likely brought back from Serbia by April 6
members studying the CANVAS “curriculum.”
Egypt’s “April 6 Youth Movement” recycling
US-funded revolution “props.”
Egypt’s “April 6 Youth Movement” banner with painted in
Egyptian flag to give the “Otpor-fist” some local flavor.
Egypt’s “April 6 Youth Movement”
sporting yet another identical “Otpor-fist.”
Bahrain’s “Youth for Freedom” may have attended
the CIA-coup college as well. BBC’s canonizing of
Bahrain’s protesters as heroes surely indicates
Egypt’s “April 6 Youth Movement” witlessly
displaying foreign funded propaganda as they
prepare to overthrow their country’s government
and make way for a Soros-funded constitution.
Egypt’s “April 6 Youth Movement”
banner with a slight variation.
A final note to consider is that CANVAS is on record in Foreign Policy magazine’s article “Revolution U,” assisting the “Rose Revolution” of Georgia, the “Orange Revolution” of the Ukraine, and is currently working with networks from Belarus, Myanmar (Burma) and 50 other countries. Taking a look at their activities and the overall globalist agenda, it is clear they are involved in regime change that will directly assist the globalists in their encirclement of Russia and China.
John McCain went on to say of the unrest his IRI had helped fund in Egypt, “I would be a little less cocky in the Kremlin with my KGB cronies today if I were Vladimir Putin. I would be a little less secure in the seaside resort [of] President Hu and a few men who govern and decide the fate of 1.3 billion people.”
McCain’s careless comments, begotten of either senility or the utter contempt he holds the general public in, let slip the true nature of the game being played out via US-fueled color revolutions unfolding around the world. Indeed, this is about exacting concessions and forcing the integration of sovereign nations into the Anglo-American, unipolar world empire.
Filed under: Uncategorized | Tags: 20, 2011 crash, 2011 predictions, 2012, bailout, bank bailouts, bankers, bernanke, big banks, brain manipulation, brainwashing, bubble, central bank, china, conditioning, corruption, Dictatorship, Economic Collapse, economic crisis, economic forecast, economic predictions, Economy, Empire, end of america, fraud, global economy, goldman sachs, Great Depression, greenspan, hyperinflation, IMF, Inflation, investing crash, larry summers, madoff, manipulation, market crash, market manipulation, NYSE, paulson, propaganda, psyops, recession, s&p 500, scam, short-selling, Stock Market, stock market bubble, subprime, TD ameritrade, US Economy, wall street
Stock Market Crash to Hit by Christmas 2011
Paul B. Farrell
February 22, 2011
SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.
We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.
A trader watches his screen on the floor of the New York Stock Exchange, February 23, 2011. U.S. stocks dropped for a second straight session on Wednesday as Libya’s violence sent oil prices up briefly to $100 a barrel and tech shares sank, adding credence to calls for a market correction
Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.
In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.
One of America’s leading behavioral finance gurus, University of Chicago Prof. Richard Thaler, explains: “Think of the human brain as a personal computer with a very slow processor and a memory system that is small and unreliable.” Thaler even admits: “The PC I carry between my ears has more disk failures than I care to think about.” Easy to manipulate.
Eternal love story: Your brain’s in love with Wall Street’s brain
Thaler’s a quant, speaks mostly in cryptic algorithmics. So if you really want to know how Wall Street’s con game works on you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently summarized it in the Washington Post: “Humans make all the same mistakes, over and over again. It’s how we are wired, the net result of evolution. That flight-or-fight response might have helped your ancestors deal with hungry saber-toothed tigers and territorial Cro Magnons, but it drives investors to make costly emotional decisions.”
Humans have something “akin to brain damage,” says Ritholtz. “To neurophysiologists, who research cognitive functions, the emotionally driven appear to suffer from cognitive deficits that mimic certain types of brain injuries. … Anyone with an intense emotional interest in a subject loses the ability to observe it objectively: You selectively perceive events. You ignore data and facts that disagree with your main philosophy. Even your memory works to fool you, as you selectively retain what you believe in, and subtly mask any memories that might conflict.”
Worse, there’s no cure.
Your brain needs to believe lies; Wall Street loves telling lies
Examples: USA Today headline: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street Journal: “Stock recovery in high gear … S&P500 now speeding toward its next landmark,” double its March 2009 bottom.
Other lies: Inflation and rate rises won’t push China and America over the edge into a new bear recession. That one’s real popular in Wall Street’s echo chamber. Wall Street also cheers every time cable pundits and journalists repeat their favorite statistic: That stocks rally in the third year of a presidency, often more than 20%. Yes, Wall Street loves those 93% lies.
Biggest lie? Wharton’s perennial bull, Jeremy Siegel, of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional Conference, “There’s nothing but upside to come …the next several years are going to be good for stocks.”
Yes, one of Wall Street’s favorite co-conspirators is hypnotizing thousands of our best money managers and advisers into believing the lie that this bull market will roar indefinitely. Worse, they’ll use that message to sell naive investors on buying whatever junk Wall Street is selling.
Get the picture? A little conspiracy begins in your head, a conspiracy between your gullible brain and Wall Street’s con men selling hype, hoopla and happy-talk. Listen and you’ll lose.
Warning: This little conspiracy is a retirement killer. Remember: It’s odds-on you’re being lied to. So for a few moments, listen to some highly respected contrarians. They’re short-selling this conspiracy, betting that 2011 will hit headwinds before Christmas, turn a cyclical bull rally into a cyclical bear market.
Our brains never learned 2008’s lessons, will fail again in 2011
Remember, we can’t help it. Our brains are defective, biased, manipulated by unseen forces 93% of the time. So blame all the lies, lying and liars on our brain wiring. A perfect excuse. Sure, political dogma and insatiable greed factor into our bizarre mental equations. But your brain is as susceptible to the “great con” as Ben Bernanke, Henry Paulson, Bernie Madoff.
Go back a few years: The subprime credit meltdown was widely predicted years in advance. For example, back in 2007, the IMF’s Chief Economist, Raghuram Rajan, “delivered a stark warning to the world’s top bankers: Financial markets were headed for doom. They laughed it off,” said the Toronto Star. Both Alan Greenspan and Larry Summers were there.
In April 2007, Jeremy Grantham, whose firm manages $107 billion, also warned investors: “The First Truly Global Bubble: From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure, and the junkiest bonds to mundane blue chips; it’s bubble time. … Everyone, everywhere is reinforcing one another. … Bursting of the bubble will be across all countries and all assets … no similar global event has occurred before.”
We knew a crash was coming, Wall Street laughed.
Call it denial, or lying, or just a brain defect, late that summer as the meltdown spread like wildfire, shutting down the economy, our manipulative Treasury Secretary Hank Paulson, a former Goldman Sachs CEO, told Fortune “this is far and away the strongest global economy I’ve seen in my business lifetime.” And Fed boss Bernanke was telling us the subprime crisis was “contained.” Alan Greenspan agreed. He was on tour, making millions hustling his new book of excuses, delusions and lies, “The Age of Turbulence.”
Today, just three years later, the market’s just a shade above its 2000 peak. Adjusted for inflation, Wall Street stocks have lost roughly 20% of your retirement money the past decade. Get it? Wall Street’s a big loser the past decade. And they’ll lose another 20% by 2020. Why? Because 93% of what comes from Wall Street is suspect, can’t be trusted.
Warning: Cyclical bull ends in 2011, new cyclical bear roars back
At the beginning of 2011 USA Today reported a contrarian forecast. Ned Davis Research says the S&P 500 will make a run at the 2007 high of 1,565, but hit a “midyear peak.” Then it will crash as interest rates rise. Davis concludes: “The midyear peak could mark the end of the cyclical bull market that began in March 2009 and the start of a new cyclical bear market.”
Warning, even though your brain doesn’t want to hear it, there is a high probability a new cyclical bear market will begin this summer … and overshadow the 2012 elections.
The Journal’s also warning: “Inflation jitters spread through emerging markets, prompting China’s central bank to raise interest rate for the third time in four months amid worries that a drought threatening the country’s wheat crop will put further pressure on global food prices.”
Wake up America: With commodity prices rising rapidly, all the bizarre rationalizations Wall Street uses to keep Bernanke’s interest rates low are rapidly vaporizing. Yes, Ned Davis’ prediction of a bear will soon be a painful reality.
S&P 500 inflated, worth just 910, get out before it tops 1,500
Grantham also sees inflation and rising interest rates killing the lies, popping the bubble and ending the rally: “As a simple rule, the market will tend to rise as long as short rates are kept low. This seems likely to be the case for eight more months and, therefore, we have to be prepared for the market to rise and to have a risky bias.”
With $107 billion at stake Grantham better be concerned. He predicted the 2008 meltdown, now sees a repeat dead ahead: “Be prepared for a strong market and continued outperformance of everything risky, but be aware that you are living on borrowed time as a bull.”
Yes, the bubble will pop this year says Grantham: “If the S&P rises to 1,500, it would officially be the latest in the series of true bubbles. All of the famous bubbles broke, but only after short rates had started to rise.”
So keep a close watch on those two tipping points in your planning, interest rates breaking to the upside and the S&P closing near 1,500. When inflation pushes interest rates up they’ll choke off this bull market. If you’re active, better stop chasing higher returns, especially emerging markets.
Bottom line: In what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the market is worth about 910 on the S&P 500, substantially less than current levels” just above 1,300.
Then Grantham throws his fast ball right down the middle: “The speed with which you should pull back from the market as it advances into dangerously overpriced territory this year is more of an art than a science, but by October 1 you should probably be thinking much more conservatively.”
Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas, because soon all the lies, lying and liars will stop working.