Set forth below is the text of a comment that I recently posted to another blog entry at this site:
And, how’s that workin’ out for ya so far, slick? LOL
It’s working out pretty darn well, since you asked.
I don’t have a penny in my hands today. But look at what I do have — the most valuable web site on the internet.
There are going to be millions of people looking for someone to sue to recover their retirement money following the next price crash. I have 13 years of Post Archives showing who was responsible for the massive 13-year cover-up. There are hundreds of billions of dollars to be made suing all the individuals and corporations who in some way, shape or form participated in this massive act of financial fraud.
Do you think lawyers are going to be too shy to sue these people after the crash? I sure don’t.
Do you think the people who have lost large percentages of their life savings are going to be too shy to sue these people following the crash? I sure don’t.
There will be congressional hearings looking into how this all happened. What web site do you think will be getting linked to daily from the THOUSANDS of web sites covering those hearings?
Gee, I hope I don’t go broke with all the offers to pay millions for this site that I will be receiving on a daily basis. And I hope I don’t get too tired handling the thousands of invitations to speak at conferences that will be coming my way. How will I be able to carry all the big bags of money? There is only so much that one man can endure!
I don’t support the massive act of financial fraud. I have done everything in my power to bring it to a quick end. But the full reality here is that I would not be collecting a $500 million paycheck had there not been a massive cover-up. Shiller published his “revolutionary” (his word) research in 1981. Had there been no cover-up, this site would have no special value, the stuff provided here would be provided at hundreds of other places.
Others saw the Campaign of Terror and ran in fear because of the money and power possessed by the Wall Street Con Men. I saw opportunity. I saw back in August 2002 that there was not one web site on the internet exploring the implications of Shiller’s “revolutionary” (his word) research in depth and I set out to be the first. Now I have a mountain of material that can be used by all of us to rebuild our broken economic system following the crash.
You Goons have caused me a lot of trouble. You also appear to be in the process of making me a very, very wealthy man. We are talking Steve Jobs levels of wealth. Thanks, Goons Friends!
I’ll take the $500 million and I will say “thank you!”, Anonymous. That’s how I feel about it. I love our system of government. Our laws against financial fraud have not been enforced in a reasonable manner for 13 years now. But what matters is not what happens in the early chapters of the story but what happens in the latter chapters of the story.
I’d rather have gotten the $500 million some other way. But the reality is that few of us ever have an opportunity to earn $500 million in ANY way. So when one comes along, we are smart to grab it. That’s what I have done. We are close to the finish line today. We are close to the day when I won’t be just talking about the $500 million but when I will be collecting it and then putting it to good use spreading the word about the first true research-based strategy. Good for me! Good for the people of the United States! Good for Shiller! Good for Bogle! In a funny way, good for you Goons! (Prison sentences eventually come to an end so it is best for you that yours get started soon)
I don’t like any of the ugly side. You Goons have shown us all a very dark side of human nature.
But the good here is 50 times more good than the bad here is bad. I am proud to have led this 13-year-long effort to open every board and blog on the internet to honest posting re safe withdrawal rates and scores of other critically important investment0-related topics. It’s truly exciting stuff!
Take care, man.