Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Continues stalking of Wade Pfau who has distanced himself from only one person. Very telling, isnt it. When you send out thousands of emails on just one person, that is considered stalking. If someone kept emailing comments about your wife, how would you feel? Guess how Wade and his family feels.
There were numerous articles written about Lee Harvey Oswald when he killed President Kennedy. Did those articles constitute “stalking” in your view, Anonymous?
The 12-year cover-up of the errors in the Old School safe-withdrawal-rate is the biggest act of financial fraud in U.S. history. There are now millions of people unemployed as a result of the Buy-and-Hold Crisis, a crisis that never would have taken place had Motley Fool honored its promises to us and banned John Greaney when he put forward his first death threat. The American people need to know the true reason why we are in an economic crisis. The American people need to know the true reason why so many are in the process of suffering failed retirements. Wade’s decision to sign up with you Goons is a matter of great public policy import.
No, I don’t think Wade’s family likes the idea of people knowing about the bad stuff he has done. His family doesn’t want him going to prison.
But how about the families of you Goons? Does your family want you going to prison? Does Greaney’s family want him going to prison? Does Linduaer’s family want him going to prison? Does Bogle’s family want him going to prison?
How about all the Goons to be? Every day, there are financial bloggers faced with the choice of permitting honest posting on their blogs or participating in this grand act of financial fraud and being sent to prison following the next price crash. Do the families of those people matter too?
I say they matter. The more people who learn about how you threatened Wade and about how he agreed to stop publishing honest research in return for you not acting on the threats, the sooner we bring this economic crisis to an end. The sooner we bring this economic crisis to an end, the fewer people end up going to prison. Sound good?
I am fair to Wade. I point out that the peer-reviewed research that we prepared together is Nobel prize-worthy stuff. That is obviously to Wade’s credit. I point out that he expressed contempt for you Goon on numerous occasions in the days before you threatened to get him fired from his job for the “crime” of publishing honest research and he saw from Jack Bogle’s lack of response that the Wall Street Con Men intended to hang him out to dry if he didn’t get with the program. I point out that he has financial responsibility for two small children and that that would influence anyone placed in similar circumstances. I point out that he was the first expert in this field to work up the courage to send an e-mail to the authors of the Trinity study seeking a correction in the errors in their study. I have done right by my good friend Wade.
But I have ALSO done right by those future potential Goons. I believe that following the next price crash we are going to find people of heart and courage who will stand up to you long-confirmed Goons and who will thereby bring this economic crisis to an end. We have had people die for this country, Anonymous. Do you really think that people who are willing to lay down their lives for this country are not going to be willing to stand up to the sorts of individuals who have put up posts in “defense” of Mel Linduaer and John Greaney (and John Bogle?)? Give me a freakin’ break.
I’ll let you in on a little secret. I personally believe that Old Saint Jack himself is going to work up the courage to speak up when he sees the vast human wreckage he has caused. The man made a big mistake and has not corrected it despite 33 years of peer-reviewed academic research showing it to be the worst mistake ever made in the history of personal finance. That said, I somehow find it hard to believe that Jack Bogle woke up one morning and said to himself: “I know what I’ll do, I’ll make a mistake that will cause the economic collapse of the United States — Won’t that be fun!” The man is in great emotional pain (as are you Goons). When he sees millions of people living in the Second Great Depression, my bet is that his heart is going to melt and he will give the “I Wa Wrong” speech that we all need to hear for us to join together and begin a rebuilding process. Where will you Goons be then? Where will Wade be?
I am the biggest Wade Pfau fan on the planet. Please recall that, when Wade announced that he would be joining up with you Goons, I sent him an e-mail asking “Are you insane?” Did you do anything like that? If not, I think it would be fair to say that I have been a better friend to Wade than you. Actions speak louder than words, Anonymous.
Wade has a job that comes with responsibilities. One of those responsibilities is to be true to his research and his profession and his country. It’s not all about making as much money as you can as fast as you can. There are millions of people today suffering as a result of the 12-year cover-up and Wade’s job is to help those people. His act of joining up with the greatest act of financial fraud in the history of the United States was not a personal act. It was an act that affects all of us. It was an act of great public policy significance. It was a felony under the laws of the United States and the people of the United States need to know about it.
I cannot permit my personal love for Wade stand in the way of reporting this crime no matter how bad it makes me feel personally to do so. If I were to aid the cover-up, I would be going to prison along with you and Wade following the next crash. Huh? How does it makes any sense for the person who discovered the errors in the Old School retirement studies to place himself in circumstances in which he will be going to prison for their cover-up? I mean, come on.
Wade has distanced himself from only one person because there is only one person who has refused in no uncertain terms to participate in the cover-up. I have scores of e-mails in which he praises me to the skies and expressed revulsion at the tactics that have been employed by the Wall Street Con Men and you Goons to continue the cover-up that has cost so many millions of people large portions of their retirement money. The 16 months before you and the Con Men threatened to destroy Wade’s career were the happiest days of his life. I have a funny feeling that he will be feeling a lot better about himself and about his future when he comes clean, whether he ends up going to prison or not. Prison terms eventually come to an end. The feelings inside that comes from betraying your country stick around for a long time. I think it would be fair to say that you and the other Goons could offer powerful testimony re that one, Anonymous.
In any event, I have precisely zero interest in committing any felonies myself. I will continue posting honestly re safe withdrawal rates and re many other critically important investment-related topics. That’s the kindest course of action not only for the millions of middle-class Americans whose lives are in the process of being destroyed by the 12-year cover-up. It is the kindest course of action for you Goons and for the Wall Street Con Men whom you serve.
My best and warmest wishes go out to you, my long-time abusive-posting friend.