“In Ordinary Circumstances, There Would Be Huge Amounts of Effort Being Put Into the Project of Figuring Out Which of the Two Nobel Prize Winners Is Right and Which of Them Is Wrong. We Haven’t Seen That. It Doesn’t Take an I.Q. of 140 to Figure Out That There Is Some Sort of Cover-Up Taking Place.”

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 you’re going to keep claiming you were threatened, don’t you think at some point you should supply some evidence? Or at least come up with an answer slightly less lame than “we’ll have to wait to see how it all plays out”?

Rhetorical question of course. You truly believe that you don’t need no stinkin’ evidence of anything. You are the only person I know of who expects to be taken seriously without even attempting to back up his claims.

The entire site is the evidence, Anonymous.

I put forward my famous post pointing out that Greaney had failed to include a valuations adjustment in the retirement study posted to his web site on the morning of May 13, 2002. It should not have taken more than 15 minutes to check whether the claim was accurate or not. But the study has not been corrected to this day. Huh? What the f?

There’s no way that cover-up could continue for 16 years without heavy reliance on intimidation tactics, right? Your common sense tells you that. Those who are open to knowing what happened know in general what happened. They can look to the documentations supplied at the site to learn the details. But the general sense of things is not even a tiny bit hard to grasp.

Say that you are someone who knows nothing of the Greaney matter. Would you know? If you read the article on the front page of the New York Times reporting on how Fama and Shiller were awarded Nobel prizes on the same day, you would know the general story. The article noted how odd it is that two researchers saying opposite things were both awarded the highest award in the field on the same day. In ordinary circumstances, there would be huge amounts of effort being put into the project of figuring out which of the two Nobel Prize winners is right and which of them is wrong. We haven’t seen that. It doesn’t take an I.Q. of 140 to figure out that there is some sort of cover-up taking place.

We have a puzzle on our hands. How has the cover-up remained in place for 37 years now?

People don’t want to know, Anonymous. If people accept what the last 37 years of peer-reviewed research in this field tells us all about how stock investing works, they are going to have to accept that their stock portfolios are worth 50 percent less than what they today think they are worth. That is a painful realization. So people tune it out. One woman said when my board banning at one site was being debated: “Rob is the sweetest and most polite poster that I have ever encountered on the internet and he irritates me to no end! — I vote for banning him!” It doesn’t matter how nicely I put things. Most people don’t want to hear the message and they will side with you Goons no matter how offensive they find your tactics.

In the days after the next crash, people will no longer be trying to lie to themselves about their portfolio values. It won’t serve any purpose any more. The gig will be up. If anything, people will be angry about how they were tricked and will be looking for ways to hang those who worked this con on them from the highest tree in the neighborhood. I will tell them, you know? I am not going to recommend hanging anyone from any tree. To the contrary, I am going to point out how you Goons couldn’t have gotten away with what you got away with if the majority of investors didn’t desperately want to be defrauded. I am not going to say that you didn’t do what you did. But I am going to try to spin it to the greatest extent possible in a direction positive for you. That’s all that I can do for you without going to the wrong side of the law myself but that much I will indeed do.

We’ll see how it plays out, you know?

The evidence of the cover-up and the evidence of the use of intimidation tactics is omni-present. I couldn’t possibly have a more rock-solid case. But the sad reality is that bull markets are liar’s markets and we are living today through the tail end of the biggest bull market in history. We have seen a mountain of lies over the past 16 years!

I can’t tell lies about the numbers that my friends use to plan their retirements. It’s not in me. We will have to wait to see how it all plays out in the days following the next crash. I will do what I can to help you Goons out and the rest will just have to work itself out.

I wish you the best of luck with it, in any event. I hope that helps a small bit.

Bull-Market-Skeptic Rob