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After 30 years in this business, I’ve seen the same scams recycled over and over again. A college friend of mine just got taken, and it’s a reminder that intelligence alone won’t protect you.
In a world where image management is a multimillion dollar industry, honest financial commentary has become genuinely dangerous to careers. I’ve lived it firsthand, and I want to explain why that matters to your money.
The same crowd that screamed about Burisma is now looking the other way while billions drain out of everyday Americans through crypto schemes and political financial vehicles. I’ve covered fraud my entire career, and what’s happening right now with World Liberty Financial and Trump-branded investment schemes would make boiler room operators blush.
Most of what you see on financial television is branding, not guidance. I stopped going on those programs years ago, and here is exactly why.
Special Purpose Vehicles promised everyday investors a backdoor into hot private companies like SpaceX and Impossible Foods. What many of those investors got instead was a locked portal, no tax documents, and a missing fortune.
An AI-powered hedge fund founded by a 24-year-old former OpenAI researcher just blew up, and the lessons here are ones I have been repeating for over 26 years. This is not just another cautionary tale. It is a blueprint for how overconfidence, unchecked risk, and fear of missing out destroy wealth.
Markets are correcting, hedge funds are blowing up, and the Korean stock market just wiped out over 700,000 investors. If you think that kind of destruction can’t happen here, you haven’t been paying attention to what’s already sitting inside American portfolios.
Annuities get sold like they’re the answer to every retirement problem, but they’re not. Here’s what the salespeople on TV and radio aren’t telling you.