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He's already been convicted of investment fraud by the SEC, for scaring morons into buying their investment products and then dumping it for a profit.
If you want to buy the product I fully endorse it. I think stupidity should be very painful, and nothing is more painful then losing all your money and looking like a complete idiot because the same person has done it (and been convicted) several times before.
If that means they are both scammers, yes I would consider them both convicted fraudsters.
I don't want to dissuade people fro investing in his products though. PLEASE invest in his products. I can't get enough people to mock for their stupidity.
The sales pitch seemed extraordinary and surreal, never seen anything like it. Given whats taken place recently with the economy, housing, debt etc. it nearly made a believer out of me LOL
Yeah, this is the same thing being advertised on the radio right now with those "End of America" warnings.
Investing should be done out of reason and pragmatism, not fear and scare tactics.
Yes, only Health "Insurance" should be sold via fear and scare tactics.
As far as End of 'Merucka and the Rest of Doomer Land -- While the hucksters use it to play their games -- It can be a useful thing if you consider the storyline as Worst Case Scenario and use it to plan to make things survivable if things were to turn down in the various ways they propose.
We took the "Economic Armageddon" stories seriously back in 2007 and were in Duck and Cover mode when the storm hit in late 2008. Because we had limited exposures and risks, we have so far sailed through most of the "Great Recession" fine, and will come out ahead from all appearances.
In all truth, there still could be a second leg down ahead of US -- especially if you consider the second leg down/1937 in The Great Depression type models. So the Doomers could still have some valid points about risk ahead.
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