“You Want to Make it So That No One Who Points Out the Dangers of Buy-and-Hold Can Make Money With the Thought That That Will Keep People Quiet About the Dangers of Buy-and-Hold. I Want to Take It in the Opposite Direction. I Want People to See the Opportunities That Exist Here to Make Tons of Money by Being One of the First to Speak Honestly About What the Last 36 Years of Peer-Reviewed Research Says.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

“If Wade gets named on the front page of the New York Times and I do not, the ideas that I advocate are being more widely promoted. That helps me.”

It might help you feel better. It doesn’t get you any attention, therefore it doesn’t help you monetarily. You careen back and forth. Sometimes you say it doesn’t matter if you ever make a dime. Sometimes you insist you’ve earned $500 million, and the payday is right around the corner. Which is it?

If the ideas get attention, then I will get attention because I have 16 years of work with my name on it rooted in a belief in the ideas. There are millions of people who want to hear about those ideas today but who need to hear other people talking about them to have confidence in them. If other people talking about them are featured on the front page of the New York Times, that helps me.

I obviously prefer seeing money coming in to not seeing money coming in. I’ve certainly earned well in excess of $500 million, that is just a suggested settlement number that I put forward with the aim of putting all of the ugly side of this behind us. Is my payday right around the corner? The research shows that we should be seeing the next crash sometime within the next year or two or three. Is that right around the corner in your assessment?

The money thing is insignificant compared to the economic crisis thing. I would do this work for nothing if that’s what it took to keep the economic crisis from turning into a Second Great Depression. I am happy to make the $500 million plus. There are tons of cool things that I can do with that much money. But I certainly don’t see that as my primary motivation. I am not even sure that I see it as my secondary motivation. I find it very exciting to learn all the new things that I learn when people feel safe enough to do honest work in this field. So the intellectual challenge might be my secondary motivation. But money is important. I need to provide for my family. I have done the work to earn the money so it sure seems like I should collect it. And it provides a good example for others when I collect the $500 million. When that get written up in the papers, we are going to see thousands of other bloggers writing about this stuff. That helps all of us. So I certainly like setting a good example for how doing honest work in this field can pay off big time. I certainly like collecting the money for that reason. And I certainly intend to bring legal actions to insure that I collect the money (but I am happy to settle for $500 million so long as that full amount is paid prior to the onset of the next crash).

Does that help?

It’s not me who brings up the money. It’s always you who brings up the money. You bring up the money because you want to use it as an intimidation tactic. You want to make it so that no one who points out the dangers of Buy-and-Hold can make money with the thought that that will keep people quiet about the dangers of Buy-and-Hold. I want to take it in the opposite direction. The way that I see it is that the massive act of financial fraud has kept lots of good and smart people from pointing out the dangers of Buy-and-Hold in clear and bold and easy-to-understand terms and so there is less competition for those of us who go ahead and post honestly and thus there is a bigger financial reward for us for doing so. I wouldn’t be collecting the $500 million if you Goons had been permitting honest posting all along because there would be lots of people saying what I say. I want people to see the opportunities that exist here to make tons of money by being one of the first to speak honestly about what the last 36 years of peer-reviewed research says.

That’s how our system works. There SHOULD be huge financial rewards for those who take on your Goons. Millions of people benefit when individuals work up the courage to call you out on your b.s. So as a society we should be granting huge financial rewards to those who take on the abuse that follows when one does so. Good for our system, you know? Financial fraud hurts all of us. That’s why we made it a felony. Why not grant huge financial rewards to those who work up the courage to EXPOSE financial fraud? It sure seems like a good way to proceed to me.

Does all of that not make perfect sense? I am in the process of EXPOSING you Goons and getting you sent to prison. So I will be making a fortune for the good that I am doing for millions of middle-class people. But that is not my primary motivation for doing what I do. My primary motivation is that I love my country and don’t want to see its economic system collapse. I want to see my country do well. For my country to do well, we need to overcome you Goons and find a way to provide access to discussions of the last 36 years of peer-reviewed research to all of the millions of middle-class people who want and need it.

My best wishes.

Multi-Millionaire Rob