January 22, 2010
– Comments (8)
Not possible, because, well because.
... and other great news from the deep thinkers at the National Inflation Association.
And if you're interested in front-running their stock-touting press releases, hey, you can sign up for that, too.
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How much faith do you put in this group?
Inflation.us is basically a two man show, with George Hemminger and Jonathan Lebed being the co-founders. I'm kind of amazed their "press releases" are taken seriously.
Jonathan Lebed (born September 29, 1984) is an American notorious for using internet technology to hype stocks.
Between September 1999 and February 2000 Lebed made hundreds of thousands of dollars by posting in internet chat rooms and on message boards encouraging people to buy penny stocks he already owned, thus, according to the SEC, artificially raising the price of the stock. The SEC under Arthur Levitt prosecuted him. In 2001 Lebed and the SEC negotiated an out-of-court settlement in which Lebed forfeited $285,000 in profit and interest he had made on 11 trades without admitting any wrongdoing — allowing him to keep close to half a million dollars.
#3 - Wow. If I did not have a moral compass that would sound like a great scam to try. Stupid morals, I'll be rid of you yet!!!
Sounds like someone noticed Peter Schiff's popularity on Youtube and is trying to ride (and profit from) his coattails.
hahaha, I noticed this article last night. It was a nice laugh before bed time!
Nice work, Harold. I'd already forwarded these clowns' site to the enforcement division at the SEC. Maybe they'll troll their files and realize that their first wrist-slap wasn't good enough.
Also the Dow/Gold ratio should bottom at 1, just like it did in the Great Depression and in 1980. So buy lots of gold and short the Dow.