The trustees of Social Security just moved the insolvency date up to 2032, which means a 22% benefit cut is now on the official timeline. I’ve been saying this for years and the political class has been lying to your face the entire time.
Fisher Investments just raised its client minimum to one million dollars, and if you think the clients who fall below that line are going to be treated well, I have a Merrill Lynch call center in New Jersey I would like to sell you. This is a story nobody else is covering, and it is one of the ugliest recurring patterns in the entire financial industry.
Wall Street is doing what it always does, dangling a shiny object in front of everyday investors while the big players quietly lock up all the real allocation. I lived this from the inside, and the SpaceX IPO story is the same racket I watched get built from scratch decades ago.
Investment scams worth hundreds of millions of dollars are happening in small towns across America right now. Nobody in the mainstream press will tell you about it, so I will.
Every time markets sell off, I watch the financial media machine kick into overdrive, and the brokerage firms quietly cash in on your fear. This is not an accident. It is a system.
The SEC is tearing through investment advisory firms and finding a pattern of overbilling, hidden kickbacks, and outright fraud dressed up in professional language. I have been saying this for years, and now the regulators are finally catching up.
The most profitable client on Wall Street is not the richest one. It is the most certain one. The investor who is absolutely convinced a position only goes up is the easiest person in the world to sell more product to.
The real estate industry has spent decades convincing you that buying a home is always a smart investment. It’s one of the most successful lobbying and marketing operations in American history, and you are the product.
A study identified something the financial industry has been quietly doing for decades, and it proves what I have been saying for years. If you are not already wealthy enough to impress a big firm’s account minimums, they have already written you off.
The financial industry has spent decades convincing you that investing is so complicated you need to hand your money to someone with a fancy algorithm and a sharp suit. I spent time on that side of the table, and I am here to tell you it is a con.