Avoid The Financial Circus

From Dr. Maya Shetreat, MD:

“Don’t blame a clown for acting like a clown. Ask yourself why you keep going to the circus.”


Wall Street cheerleaders assure everyone stocks go up in the long term. Yes, they rise because the dollar is devalued every year, which they seldom discuss. Their cheerleaders avoid stating that corrections and crashes occur every five to ten years. Wall Street generates fees by encouraging individuals and pension funds to stay invested for the long term.

Bad advice from Neil Irwin as published in the New York Times—January 2019:

“If it all [stock market volatility and losses] makes you want to flee – or at least shift your 401(k) into cash – that’s understandable. It’s also a bad idea.”[Really? Ride it all the way down?]

What about the over 80% loss in the Nasdaq 100 after the 2000 bubble? Recouping nominal losses after the DOW peak in the 1960s required two decades. It took much longer after adjusting for inflation (devaluation of the dollar). Beware the “long-term.”

Stock buybacks are profitable for top management at big corporations, but often not good for stockholders. GE, GM, and Apple bought back stock and lost on those purchases.

Avoid the Wall Street circus. Stocks and gold are inflation hedges but not all the time, and usually not together. Do your own analysis and don’t blindly follow Wall Street cheerleaders. The chart below suggests shifting out of stocks and into gold – NOW (actually September 2018).


The Federal Reserve is supposed to maintain the value of the currency and encourage full employment. They proclaim their importance while they extract wealth from savings and transfer that wealth to the financial and political elite. Lobbyists and congresspersons are supported by the Fed, so the Fed is protected.

The Fed has failed at maintaining stable prices because the dollar has lost 90% – 99% of its purchasing power when measured by the cost of trucks, cigarettes, Scotch, potatoes, gold, beer, gasoline, clothing, food, healthcare and hundreds of other consumer items.

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Miles Franklin sells silver. Call them at 1-800-822-8080 and tell them you agree with the Deviant Investor regarding silver. Your price will not ...

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