In June 2007, Reuters reported the following story: Morgan Stanley will pay $4.4 million to settle a class-action lawsuit with brokerage clients who bought precious metals and paid storage fees, according to a court filing. The proposed settlement, which must be approved by the federal court in Manhattan, includes a cash component of $1.5 million [...]

Central Bankers always seem to do the wrong things at the wrong times in manners that hurt the citizens of their country in the maximum amount possible. Not only do they commit these mistakes, but they commit the same mistakes over and over and over again with the insane belief that executing the same mistake [...]

Despite the fact that nearly all of the macroeconomic trends I have predicted since 2006 on my blog, the Underground Investor, have come true, the percent of people that disagree with my predictions for 2010 and 2011 still outnumber those that agree by a factor of ten to one. There is a rational explanation why [...]

Just a quick reminder that our contest to give away 8-free Wealth Secrets memberships ends on midnight, New York time, one week today on March 8, 2010. To see contest details about our 18-course Wealth Secrets membership that provides all the missing knowledge from business curricula today vital to understanding how to remain significantly profitable [...]

Given the sheepherd’s tendency to want to see this rally continue, this article will likely not be very popular. However, before anyone should express indignation at the title of this article and ask if I am aware of the recent surge in global markets, note that whenever a large disconnect has existed between the reality [...]

We’ve moved the archives to the bottom of the page but they are still here. Of course you may always access the archives by clicking on the listed categories in the left hand column of this page as well. Learn the best ways to invest money during the developing dollar crisis, possible stock market crash, [...]

(Either JavaScript is not active or you are using an old version of Adobe Flash Player. Please install the newest Flash Player.) Below is a partial transcript of the above video: Congressman Brad Sherman: “Today, derivatives are being sold. And the buyers of the derivatives are looking at their counterparty and they’re saying, ‘well there [...]

It has recently been reported that the CIA is actively recruiting bankers for their specific skill sets: NEW YORK (Reuters) – Laid off from Wall Street? The CIA wants you — as long as you can pass a lie detector test and show that you are motivated by service to your country rather than your [...]

Today, I am analyzing how a conscious effort to track history can serve as an intelligent guideline for future investment behavior. More than 18 months ago, I wrote an article on my investment blog, the Underground Investor, called “The Coming Investment Crisis: Beware the Turbulence that Lies Beneath the Surface”. Since my commentary in this [...]

More than 2-½ years ago when I predicted a global stock market crash on my investment blog, even foreshadowing the duration and the severity of the impending crisis by naming it the Peak Investment Crisis, many called my predictions ludicrous and far-fetched. In that article, I specifically stated that the declines in global stock market [...]

Last week, when almost every major US bank manufactured profits out of thin air by changing their regular reporting periods to exclude months in which huge losses occurred, by changing their definitions of bad debt, and by revaluing their assets at fantasy land valuations that they will never receive in the open market courtesy of [...]

The recent comments of many on our nation’s top banking executives have been so consistently disingenuous that the subject of this article has been long overdue for some time now. On March 20, 2009, Citigroup CEO Vikram Pandit issued a memo to all Citigroup employees in which he stated, “Our industry has recently seen a [...]

With FASB demonstrating no backbone this Thursday and voting to change mark-to-market rules with not a single dissenting vote (demonstrating that not a single FASB board member has the guts to stand up for what is right), the Big Deception is now in play for earnings season which starts tomorrow on April 7th. Despite the [...]