We hate to say we told you so…
But here goes nothin’…
We were right, and everyone else was wrong.
Dead wrong, in fact.
Even Morgan Stanley admits it.
Take this recent article from Bloomberg…
The big bank’s chief U.S. equity strategist, Mike Wilson, is known for his bearish views, but said this week, “We were wrong. 2023 has been a story of higher valuations than we expected amid falling inflation and cost cutting.”
According to the article, “A litany of tailwinds, from optimism around artificial intelligence that lifted tech megacaps to a resilient economy where inflation cooled and recession warnings proved premature, has propelled the surge.”
I mean, it really wasn’t that hard to see.
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Irrational investors couldn’t keep selling forever.
And — despite countless efforts to convince us otherwise from the mainstream media — we were already in a recession last year!
This is ultimately what gave us such a sweet opportunity to buy when there was blood in the streets.
Now, this isn’t to toot our own horn.
It’s just to remind you, dear reader, that you and I are on the front lines of this crazy investing world.
We’re the pioneers peering through the muck to find the fountain of financial youth.
We’re not financial “experts.”
And we’re not finance bros.
You wouldn’t want that anyway.
We’re merely rational, logical thinkers with a keen eye for hard-hitting trends.
Above all else, we’re optimistic.
The Bloomberg article above talks about the optimism around artificial intelligence.
Well, it scares the hell out of the actual intelligence agencies around the world.
They’re afraid of being replaced by AI.
How could they not?
The damning hearings last week in Washington as part of the House Weaponization Committee are exposing the collusion between the government, intelligence agencies, and social media that we all knew was going on.
But we the smart people were being gaslit.
Now the dirty laundry is finally being aired out.
Just like cream, the truth always rises to the top.
First, former New York Post editor Emma-Jo Morris testified that she published a series of articles in October 2020 detailing the Hunter Biden “laptop from hell.” Her bombshell reporting exposed the “unholy alliance between the intelligence community, social media platforms, and legacy media outlets,” as well as the Biden business dealings with Ukrainian officials. But within hours of her posting the story to social media, it was earmarked as “Russian disinformation” and taken offline. This happened just months before the 2020 election, when the stakes couldn’t have been higher.
According to Morris, the story was censored because it was true and a threat to the power centers in this country. She further explained, “What this represents is a push to undermine the First Amendment — the right to think, write, read, say whatever we want. And how we respond will determine whether we see a free press as inalienable or optional.”
What else have we been lied to about?
Second, House Republicans are considering holding Mark Zuckerberg in contempt of court. According to PunchBowl News, “Judiciary Republicans claim Meta… hasn’t been cooperating with the panel’s effort to investigate potential censorship by Big Tech, including the failure to hand over internal company documents.” It’s part of a broader effort by House Republicans to expose the massive censorship that occurred during the last election and will inevitably happen in the next one.
Now, this is on both sides of aisle, and it's too obvious to ignore.
Finally, in a recent Tucker Carlson interview with Elon Musk, they talked about cutting staff at Twitter. Carlson asked, “How do you run the company with only 20% of the staff?” Musk replied, “Turns out you don’t need all that many people to run Twitter… I mean, if you’re not trying to run some sort of glorified activist organization… and you don’t care that much about censorship, then you can really let go of a lot of people, it turns out.” So what we feared all along is true. That social media was being used against us to influence our thoughts and decisions.
It's why I recommend people to get off social media at all costs. It's more trouble than it's worth, literally.
At this point, we should let AI run for president. I bet it'd put up a hell of a fight.
In fact, soon robots will do all our jobs for us…
And that’s a GOOD thing.
They’ll drive our trucks, harvest our crops, and fight our wars while investors sit back and make 9,900%.
Editor, Wealth Daily
After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.
Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns.
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