There’s a Financial Disaster Coming to America in 2022

There’s a Financial Disaster Coming to America in 2022

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REVIEW BY SEP. 2, 2022

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THERE’S A FINANCIAL DISASTER COMING TO AMERICA IN 2022

I’ve warned 200 top institutions. Even the U.S. Pentagon. But few people realize this could actually happen ... Or how a single move right now could make you massive profits as it unfolds.

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And now – today – he’s sharing his NEWEST prediction, which he believes will lead to an even bigger opportunity. Professor Joel Litman – welcome back to Harvard.

[BEGIN TRANSCRIPT]

JOHN Hi, I’m John Sviokla – a retired Harvard Business School professor. I recently went to the Harvard Club in Boston to speak with professor and Chief Investment Strategist Joel Litman, a forensic accountant and CPA who’s lectured at Harvard, Wharton, and

JOEL

Good to be here, John.

JOHN

Joel, you recently gave a lecture just down the street from the White House to high-ranking U.S. Pentagon officials... on what is arguably your most contrarian prediction ever. You say it represents a MASSIVE FINANCIAL DISASTER headed for America this year, worse than anything we’ve seen so far... but it’s also a generational money-making opportunity 99% of the public will completely miss out on. And it’s all being orchestrated by forces beyond our control. Tell us what’s going on...

the world’s top CFA societies. Joel’s ability to predict the market’s biggest moves has landed him invitations to the Marine Corps War College... the FBI Nationwide Forensics Conference... and even the U.S. Pentagon, where he recently delivered an eye- opening message that will be the subject of today’s briefing. In short: If you’re worried about the market this year, we have big news for you. Originally, I planned to air this broadcast from the Harvard Club. But then we saw the WORST 1-day market drop since 2020… so Joel and I arranged to jump online today for an emergency briefing, to get this to you as quickly as possible. Joel’s predictions have brought him the attention of CNBC, Forbes, Barron’s , and more – for good reason. Joel accurately predicted the 2008 and 2020 Crashes...

He’s exposed 57 companies for potential fraud, with many that went bankrupt or fell to almost zero after his analysis... And he called the bottom of the 2020 Crash... with a series of stock picks that could have doubled your money – or better – 10 different times.

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JOEL

I’ll get right to the point... In short, I predict everyday Americans are about to experience a great deal of financial pain. As we’ll explain today, you will almost certainly become victim to it, if you do nothing. And the whole thing is being facilitated by many of the authorities you trust the most – which means that outside of this briefing you might never even hear about this until it’s too late. But if you know what’s coming, it’s a chance to make a great deal of money.

BIGGER PROBLEM THAN A CRASH

And that’s why I arranged to hold this emergency briefing as soon as I could.

JOEL

JOHN

John, most everyday folks I’ve spoken to are worried that a larger crash or a years-long bear

Keep in mind: The last time Joel held an emergency briefing was shortly after the 2020 Crash. He told our viewers that he was sharing – quote, “the biggest money-making opportunity of the next decade... A chance to realistically make 10 times your money on a single investment.” If you’d watched that event, you might have dismissed the whole thing as a bunch of B.S. But the fact is, you could have made 9 times your money, tripled your money twice, and doubled your money, if you’d followed him... for a 123% average gain on all his recommendations through 2020.

market is on the way. And no wonder, right?

We’ve seen the worst sell-off since 2020. The number of Nasdaq stocks down 50% or more has

hit a near record. Tech stocks, worst start since 2008. Inflation has hit a 40-year high. And of course, the geopolitical conflicts have caused a spike in fear.

JOHN

Yeah, I mean the market has gone up so much since the low in 2020 – and we’ve seen such nasty hiccups this year – that I think a lot of people are expecting to see a big and prolonged decline.

JOEL

Sure. But that’s only a small part of the full story. Meanwhile, the experts are saying “Buy Gold” because they’re claiming that inflation is here to stay. Or they’re saying buy value or alternative assets, because the Fed is raising rates. But I’m here to tell you that none of these issues touch on what’s REALLY coming to America this year. There’s a much bigger problem headed your way. It could turn out to be a kind of massive financial “heist” you’ve likely never considered before, with an opportunity hidden within that’s far greater than anything you could make on gold, ordinary stocks, bonds, cryptos, you name it.

So Joel, without further ado... Let’s dive into your newest prediction – because I can say upfront, it’s unlike anything I’ve ever taught at Harvard, MIT, Wharton, London School of Economics, all the places I’ve been a professor. Tell us… What is this disaster exactly?

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JOHN

So Joel, walk us through exactly what you’ve created and what it’s saying about the market right now.

Joel, let me ask you upfront. This financial “heist” you’re predicting... You don’t mean hackers stealing my bank account information or a “run on the banks” or a government seizure of my personal property or assets, do you? No – nothing like that. This is a heist that goes deeper than that and is perfectly legal, which is what makes it so scary. And the fact is, this has probably ALREADY happened to you on a smaller level – if you have any money in the markets. But this year, I believe it’s about to play out on a scale bigger than any I’ve seen since 2003. We discovered all of this – along with every other big opportunity we’ve ever shared – by seeing what NO ONE ELSE can see about the market, John. It’s something that we personally created, which is so effective that our research has been followed by the top 10 global investment houses and more than half of the

JOEL

First off, consider what happened back in 2020... There was a mass exodus out of urban areas as the pandemic swept America... and the housing market boomed, right? By September of that year, we saw a $1 trillion increase in home equity. Many on Wall Street said, “Buy Zillow.”

JOEL

JOHN

The real estate listing company...

JOEL

Right. And fair enough... If you’d bought Zillow during the depths of the Covid crash, you’d have doubled your money. But John, my team and I have spent nearly 30 years on and off Wall Street, at places like Credit Suisse First Boston, and as Certified Public Accountants at Deloitte and PricewaterhouseCoopers. And the one thing we’ve learned is this... If Wall Street is pushing some investment onto the public... there’s usually something else they’re NOT pushing that could make you even more money. A LOT more money.

world’s 300 biggest money managers. In short, we’ve developed a system. WHAT REALLY HAPPENED IN 2020

JOHN

JOHN

You mean a better investment they save for themselves...

Today, we’re going to have you explain and even demonstrate your system... But one thing I want to mention upfront... What you’re about to see is the most successful stock predictor I’ve come across in more than 30 years as a professor and partner at a consulting firm where I worked with dozens of the leading minds in technology. It works especially well during the kind of rollercoaster market we’re seeing in 2022.

JOEL

Often, yes! In fact, I’ve written exposés about this for Harvard Business Review called “Give My Regrets to Wall Street” and in Forbes. I’ve been disgusted by the behavior I’ve seen from Wall Street institutions.

For example, back in 2009 – when the Dow fell 48% – a roomful of wealthy hedge fund managers hired Joel and his team to name their No. 1 investment ideas.

Joel ran his system and recommended Timberland... which went up 301%. Hanesbrands, for a 445% gain... Liz Claiborne, for a 878% gain... And Skechers, for a 1,566% gain.

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It’s why I left that world and built my own system to uncover exactly what these little- known investments are. In this case, I ignored Zillow

And sure enough, hardly any Wall Street firms recommended a BUY on this stock.

JOHN

And yet, real estate was super-hot at the time...

completely, John... applied our system to the real estate sector... and came across a smaller and less-talked-about company called eXp World Holdings.

JOEL

Yes. Now, John... I’m no expert on real estate, even though I’ve lived all over the world... But what I DO know is that Wall Street routinely hides the best opportunities for themselves... For example, the research side of an investment bank will hand ideas to the investment side, while telling the public about a completely different idea entirely. So when I saw how awful this real estate company looked... during a real estate boom... with such little attention from Wall Street... I investigated. In short, I ran the company through the system we’re going to share with you today... the culmination of my life’s work... which our clients pay as much as $100,000 a month to access. And with one glance, I saw this stock had the potential to rise by 500%, 1,000%, or more. Take a look...

JOHN

And I imagine that company is similar to Zillow...

JOEL

Similar, but it puts the customer-broker platform on a cloud network, and even creates a 3D virtual experience. This was especially important during lockdown. But here’s the thing... When you type the stock ticker into our system, here’s what you see...

JOHN

JOHN Whoa! What is all this...? JOEL As it turns out, the publicly reported numbers

OK, and what is all this exactly?

JOEL This is a measure of how successful the company is, according to Wall Street. It tracks

the one thing the investment world follows more than anything else... the biggest factor that drives stocks up or down. And that is – the company’s EARNINGS.

from Wall Street were all completely WRONG. There was a massive discrepancy, which I’ve spent my 30-year career learning how to detect. Our system applies more than 130 corrections to the balance sheets of more than 32,000 companies to find – and CORRECT – these discrepancies. One click... and you can see the REAL, TRUE earning power of the company right here. It was positive ... to the tune of 110%, as good as you’d see in a company like Apple or Amazon. We call that “True Blue.” So I

JOHN

So for this company, we’re looking at 2019 here, right? And I gotta say, it looks pretty bad. What is that – negative 7%? So these guys didn’t make a penny that year?

JOEL

recommended the stock in July 2020. Sure enough – you could have made 8 times your money on our recommendation, in 7 months.

This is the company’s Return on Assets – its “Earning Power.” A measure of how effectively they can generate cash earnings. And yes, this was the number posted on Wall Street. One look at these earnings and John – you’d have RUN AWAY from this company, right?

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JOHN

JOHN

So without your system, you and even your entire team of 150 personnel would have missed this stock...

Hold on. If this company is so great, why would Wall Street keep it a secret?

JOEL

JOEL

So they can simply buy the stock themselves, John! Take another look at Movado. Guess who owns the stock?

More importantly, the general public missed it too. And we see this happen all the time. For example, I don’t claim to know very much about apparel fads. But around that same time in 2020, our system

picked up on a big discrepancy in a company called Movado – a watchmaker. We ran the stock through our system, and here’s the number it posted on Wall Street for how successful this company is. 3.3% Return on Assets. Not very impressive for a measure of Movado’s earning power, right? There are bank CDs that earn half of that. But one click... and here’s the REAL, TRUE number. Two times higher. And in fact, this discrepancy had been going on for years. So we immediately recommended this company, and have seen a 354% gain. Meanwhile, not a single BUY recommendation from Wall Street. In fact, one bank had actually downgraded the stock!

93% of its shares are held by institutions... including BlackRock, Vanguard, and more.

THE STOCKS YOU NEVER HEAR ABOUT The sad fact is, Wall Street has been keeping the most successful investments to themselves

for decades. And they’re able to legally do this through an obscure set of regulations surrounding GAAP accounting.

JOHN

You mean the “Generally Accepted Accounting Principles”...

JOEL

Right. Now, I’m going to explain what I mean by that and how that’s possible... But the big takeaway here is, the information that’s reported to you is NOT ENOUGH to find the best-performing investments. Especially in the kind of jittery market we’ve seen this year. Many of the wealthiest investors are looking at completely different numbers, which is one

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reason you often hear about high-net-worth people comfortably putting millions of dollars into a single investment and walking away with double or triple or, in Bill Ackman’s case in 2020, 100 times their money. ... while most Americans are grinding out 2% a year, at best.

JOHN

And that’s where your system comes in...

JOEL

And if you think I’m cherry-picking Netflix... look at this. Here’s a lesser-known company ranked 5 th behind Netflix as one of the top 30 all-time greatest stocks in the S&P 500 over the past 30 years.

Yes. And that’s because this kind of discrepancy has been taking place among thousands of individual stocks for years, John. In other words, extraordinarily valuable information has been hidden from you. To name a famous example, consider all the Wall Street experts who’ve told you to avoid Netflix over the years... One guy – at Wedbush Securities – said back in 2011 that Netflix was a broken company that was unfixable. Incredibly, he urged people to avoid Netflix every single year for an entire decade. But run the stock through our system – and guess what? The REAL, TRUE earnings numbers for this company has been crushing the numbers reported on Wall Street for literally decades, John. This company was minting cash! Our system picked up on this as far back as 2006 when the true numbers were 5 times higher

Pool Corporation, a swimming pool supplier. JOHN OK. And I assume these are the publicly reported numbers on Wall Street...

JOEL Yes. Now – with

one click – run the stock through our system and here are the REAL, TRUE earnings numbers. Consistently higher, John.

than the reported numbers. If you’d bought on that information alone – and continued holding, as our system continued showing a MASSIVE discrepancy – you could have ignored all the noise on Wall Street for a 42,000% gain! Guess who made most of that gain?

And surprise, surprise ... 95% of the shares are held by institutions who can see these numbers BEFORE the

JOHN

Wall Street.

public does. But if you’d been able to access that information at the same time as Wall Street and gotten in at the beginning, you could have made a 63,727% gain on this stock, John.

JOEL

8 2% of its shares are held by institutions.

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That turns every $5,000 investment into $3.1 million.

profit. Great for him, but how can the average American afford that? A FINANCIAL “HEIST” IS UNDERWAY

JOHN

Got it. So Wall Street can see that certain companies are generating WAY MORE CASH than publicly reported... which, eventually, maybe a quarter or two or even a year later, results in a big earnings surprise...

JOHN

Got it. And that’s why you’re stepping forward today...

JOEL

JOEL

Yes. Because cash is king. It’s all about the earnings surprise.

Yes. What I’ve just shown you on a variety of individual stocks amounts to nothing less than a massive campaign of misinformation by Wall Street to keep you out of the best-performing investments. And now… in 2022… this same thing is about to happen on a scale so wide, in such an unexpected way, it could be a financial disaster for most people... But also a big money-making opportunity if you know what’s coming.

JOHN

Gosh... but it seems so unfair that only the wealthiest institutions have access to this information. And of course – they couldn’t care less about you unless you have at least $100 million to invest… which I assume is the BIGGEST reason they keep all of this to themselves and their wealthy clients.

JOHN

JOEL

And with that – let’s get right into the details. What exactly is Wall Street not telling the public right now?

Right – and John, I know you were a partner at a consultant company whose stock went up from

JOEL

a few bucks to a peak of $100… so you’ve seen all this stuff firsthand… The bias by Wall Street toward high-net- worth individuals.

To start off, I want to show you something...

JOHN

Of course. And meanwhile, the general public is stuck with the info posted on Yahoo Finance or in a 10K filing... which can be totally inaccurate, from what you’re telling me. It’s B.S.!

JOEL

These are the biggest corrections in the S&P 500 since the Crash of 2008. Essentially, these are all the mini crashes we’ve seen over the past decade. Those are scary numbers, wouldn’t you say?

It is unfair, John, absolutely. Especially when you consider how much it costs to calculate the true earnings numbers. In our case, it requires a team of 150 personnel, including many CPAs and CFAs, on three continents, breaking apart the balance sheets of 32,000 companies and adjusting 130 different line items for each. The labor cost is so high that the institutions who don’t want to do this work themselves pay our firm up to $100,000 a month to access it. In fact, one hedge-fund manager once paid us $100,000 for a SINGLE REPORT on a stock he owned. I estimate he made a $20 million

JOHN

Yeah, I remember a bunch of these. I mean, heck, the one in February 2020 was the worst one-day drop ever at the time.

JOEL

It’s scary enough to see a big pullback like this in the market. But you know what makes it even scarier? All

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the Wall Street experts who take to the media to predict that doomsday is coming. For every drawback you see here, the financial TV outlets and the Internet were polluted by some very smart and successful people calling for the end of the bull market. Take a look...

Are you seeing a pattern here?

JOHN

Yeah, I bet you could walk us through that entire list of downturns and show all the fear being spread by Wall Street.

April 23, 2010: We see the start of a 16% drawdown... and the New York Times quotes a senior analyst at Standard and Poor’s asking, “Should we set a place for the bear at the Fourth of July barbecue?” As it turned out... the Fourth of July is exactly when the market turned around and proceeded to new highs! Whoops! Guess he was wrong.

JOEL

I could do that very easily. And my point, of course, is that the market went on to soar after every single one of those downturns. Not to mention, if you’d known which stocks to buy during the subsequent rallies, you’d have forgotten all about that fear. For example, during the 2010 decline, our system pointed to NVR, a homebuilder, before it rose 732%. During the 2015 decline, we

Here’s another one. September 20, 2018: We see the start of a 19% drawdown which culminates in the “Christmas Crash” of that year.

JOHN

Yeah – that was the worst December for the market since the Great Depression.

JOEL

Forbes ran a piece by a Wall Street veteran claiming the 2018 downturn would lead to a historic decline.

recommended AMD. Our coverage even got picked up in Barron’s , and we saw a 6,000% gain.

But we urged our clients to buy the freaking dip! And as it turned out... in 2019, the market saw its best year in two decades, John.

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The simple fact is, if you’re able to see the real, true numbers behind a stock – which is what our system allows us to do – there’s ALWAYS a money-making opportunity, in any market – bull or bear. And right now, our system is pointing to a MASSIVE DISTORTION in the overall stock market, which will catch a lot of people by surprise.

Now, was Wall Street LYING to the public about United Airlines? No. Everyone was just abiding by the standard accounting rules, GAAP – which are a mishmash of overly complex, unclear, and often antiquated rules that result in huge distortions from economic reality. I’ve heard you speak about this before... and it’s just amazing. Essentially, the entire earnings system on Wall Street is beholden to a form of accounting that’s completely flawed. I mean – even Warren Buffett has spoken about how inaccurate the GAAP accounting system is... That’s right… Buffett opened three of the most recent annual shareholder meetings for Berkshire Hathaway by railing against the problems with GAAP accounting. Even an NYU Business School professor has said very publicly, based on extensive research, “Reported earnings are largely detached from reality and don’t really matter much.” And that’s because, altogether, there are over 130 inconsistencies within GAAP that cause earnings to be distorted each quarter. Like whether you depreciate expenses based on 5, 10, 20 years, or even fail to amortize at all. Debt being mis-categorized… and hundreds of non-cash items that distort a company’s true earnings power by hundreds of percent. And that’s why, over decades, my team and I developed a system based on FORENSIC ACCOUNTING that allows us to see the real, true numbers... weeks or even months before the public or even some of the smartest money managers have any idea. Again, that’s why more than half of the world’s 300 biggest money managers have been clients of ours. They don’t want to do this work themselves. Or more likely, they CAN’T, because it can take weeks to audit a single company. And they’re happy paying us up to $100,000 a month to do it – because, again, our average gain for 2020 alone on the kind of investment we’re recommending today was 123%! John – do you know what happens to your portfolio when the average of every single position more than DOUBLES in value?

JOHN

HUGE DISTORTION IN THE STOCK MARKET

JOHN

Before you go on – because I know you’ve got a whopper of a prediction to make about 2022, using your system – how can these distortions exist? I mean... To your point earlier, how can Wall Street legally get away with posting the wrong earnings numbers?

JOEL

JOEL

Take United Airlines... one of my favorite examples. Run the stock through our system... and here’s what came up back in 2009 – right after the crash.

Wall Street posted a 0.8% Return on Assets, which is terrible. And yet, that year my team and I had lunch with 10 of the top U.S. hedge- fund managers and urged them to buy United Airlines. Why? Because – with one click – we could see the REAL, TRUE earning power of United Airlines.

Almost 4 times higher! That means we were confident the stock would eventually be trading higher... as more and more people realized this company was generating a lot more cash than you’d have believed by reading the as-reported financial statements. In this case, we saw the numbers BEFORE the top hedge fund managers did, by simply applying our system. But they ignored us , because a different number had been reported on Wall Street.

JOHN

It’s a beautiful thing, for sure. So the numbers you find are often multiple

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times HIGHER... or LOWER... than what’s reported to the public... JOEL Yep. In the case of United Airlines, they had $764 million

Don’t expect anybody in the media to tell you about it... But the little-talked-about investment we’re going to share today is the No. 1 place to put your cash immediately.

JOHN

OK, but wait. If you’re not predicting a crash... how is that a financial disaster?

JOEL I’ll tell you why. Consider Apple, for instance... Back in 2010,

of earnings from its acquisition of Continental Airlines that weren’t even showing up on the income statement at all! This made the company look a lot less profitable than it really was. If you’d bought and held following our system, you could have made 4 times your money overall. Got it, so to be clear... United Airlines wasn’t doing anything illegal, per se. They were just following the required accounting rules... which can place literally billions of dollars of debt or receivables or investments in the wrong category of the financial statements, causing assets and earnings to be hugely distorted from reality. Yes. So if you can spot all this BEFORE the market corrects for it... while it’s still totally unknown to 99% of the investing public... you gain a huge advantage over everyone else. And here’s the kicker, John. Many on Wall Street know all about these distortions, and they use that information to their own advantage... making no attempt to share this with the public. I learned this firsthand at Credit Suisse. And that gets to the entire prediction I’m about to share with you... and what I consider a financial disaster headed for everyday Americans.

here’s the Return on Assets posted by Wall Street. Again, a simple measure of how successful the company is. 18.7%. Now, is that impressive? Kind of – but not enough to get you excited. For example, Disney posted the exact same number back in 2018, and the stock has done nothing since then. What REALLY matters is how big the discrepancy is between that reported number and the REAL, TRUE earnings number we determine through our forensic accounting. The bigger the distortion... often, the bigger result you could see by acting on the stock.

JOHN

JOEL

JOHN Well – let’s run Apple through your system. JOEL One click – and boom!

Here’s the REAL, TRUE number for Apple back in 2010 – the year they first released the iPad. Almost 7 times higher! A huge distortion. And yet, Wall Street didn’t correct the number at all! This amounted

JOEL’S PREDICTION FOR 2022

In short, I don’t think we’ll see a big bear market… a recession… or a classic “market crash” at all this year. There’ll be some hiccups, for sure, as we’ve already seen. But ultimately, as I’ll demonstrate today with our system, we’re headed for a massive and sustained new phase in the bull market... which nobody on Wall Street wants you to know about. That’s because it could cause one particular type of investment to skyrocket. And they want to get there first.

to an entire campaign of

misinformation that would have caused you to miss the 2,500% gain Apple has seen since then.

To miss that kind of money-making opportunity – during what was, at the time, a historic bull market, especially when you’re getting close

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you be so sure we’re headed for a sustained bull market?” 2022 has seen a massive sell-off. And wasn’t Apple a rare exception?

to retirement – amounts to nothing less than a FINANCIAL DISASTER. With the cost of living getting higher and higher, pension funds a mess, and social security extremely underfunded, you simply can’t afford to look at the wrong numbers and miss the potential 10-baggers exposed by our system, in bull or bear markets. All the things you need for retirement – real estate, health care and so on – they’re all getting MORE EXPENSIVE! Millions of Americans aren’t going to be able to afford these things because they won’t have as much money as they should. They’re missing out on the best gains in the market. And the sad part is, Wall Street banks and funds WANT you to look at the wrong numbers, while they grow wealthier because they alone have the correct information!

JOEL

That’s exactly my point. If you’d used our system and been confident in the bull market that began in 2009... and been looking for the best stocks... Apple wasn’t the only pick. Take a look...

JOHN

Was that true of Apple?

JOEL

Sadly, yes.

Throughout the early 2010s, we urged our clients again and again to buy stocks. Along the way, our system pointed to a casino company called Penn National Gaming, which had a

More than half of its shares are held by institutions, who think nothing of spending the $100,000 a month it costs to get the REAL, TRUE numbers behind the best companies... because they know how valuable this is. We’ve seen this time and again over the last decade on individual companies, as we’ve shown today. But in 2022, my research shows it’s about to happen ACROSS THE ENTIRE MARKET on a historically wide scale… and across one particular category of investment most people aren’t even considering right now! Mark my words: missing this opportunity in 2022 will be the greatest financial mistake of your life. If you missed the bull rally that followed the Covid crash, this is your wake-up call to take action now.

110% earnings distortion back in 2010... a distortion that continued for most of the next decade. If you’d bought and held, you’d have made up to a 1,785% gain!

Among dozens of other examples. And here’s the kicker, John...

Back in 2010, Penn Gaming belonged to exactly the category of investment I’m urging you to buy right now for 2022.

JOHN

OK, but Joel, some critics might say, “How can

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DO NOT BE SCARED OUT OF THE MARKET

Back in 2016, the Fed raised rates. If you’d been scared out of the market, you’d have avoided this stock, which our system pointed to as a strong BUY, based on a 571% earnings distortion. Since then, you could have tripled your money.

JOHN

OK, now... I want you to explain this little- talked-about investment for 2022 you’re recommending today... But again – Joel, why so bullish? The market’s been a mess this year between the geopolitical conflicts... the Fed... inflation...

JOEL It’s all noise, John. Take a look... We applied our forensic analysis system to the entire stock market to correct for

JOHN

And I assume that wasn’t an isolated case...

JOEL

Of course not. And that’s because history shows that the Fed raising rates leads to GAINS in the S&P 500... not crashes.

distortions in every single company that makes up the S&P 500. Essentially, we created our own index using the correct numbers. And guess what? Even BEFORE the sell-off, stocks weren’t nearly as expensive as people believed. And the sell-off has made them even cheaper! So the reality is that THIS IS THE MOMENT YOU’VE BEEN WAITING FOR… when some of the world’s greatest companies have essentially gone “on sale” due entirely to media-driven fear. Especially among the category of investment we’re going to discuss in a moment.

For example, the Fed hiked rates 17 times from June 2004 to mid- 2006. Yet the S&P 500 soared over that period... rallying 34% before its peak in 2007. And the Fed

hiked rates from 2016 to 2020. But the S&P 500 nearly DOUBLED, despite all the fear and jitters along the way.

JOHN

But what about the Fed raising interest rates this year? A lot of experts are certain it’s going to cause a crash when all that “easy money” dries up...

JOEL

JOHN

The idea that the Fed raising rates will lead to a crash is exactly the kind of nonsense Wall Street peddles and the mainstream media wants you to believe. It’s nothing but a myth pushed on the public to create fear and get more viewers. Nothing sells better than fear, John, remember that. You want to know the reality? Rising rates does NOT kill a bull market!

So all these Wall Street experts are causing panic for no reason...

JOEL

The Wall Street media, and let’s face it, that’s all Wall Street research really is, just media, makes money by generating more views and attention. Meanwhile, the smart money on Wall Street, the big hedge funds and institutions, they very

purposefully hide what they know. The general public is left seeing the

sensationalist ad-driven headlines… and never hears the truth behind the really smart money. You have to be worth $100 million for Wall Street to even consider you as a client.

Take TransDigm, for example, an aerospace company.

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WHERE TO PUT YOUR MONEY IMMEDIATELY

But one click in our system, and here’s everything you need to know about all that fear in the market right now...

JOHN

JOEL

OK – and what is this, the cost of borrowing money?

They’re SMALL. I mean, look. You can do fine in a bull market owning blue chips like Amazon or Walmart. But the stocks we like have the potential to rise 5-to-10 times higher... for a simple reason. They’re a fraction of the size. In other words… imagine if you could have bought Amazon or Walmart when it was still small, before it rose hundreds of percent. Take the 2020 bull run, for example… You could have bought

JOEL Yep. What kills bull markets are CREDIT problems, John. Hundreds of years of economic cycles bear this out if one

takes time to look, which the financial media does not. Today – the cost to borrow money is historically low: 50 base points or more lower than the average levels during the last bull market. And because rates are so low , even if we added 1% to the cost to borrow for U.S. companies, it would only put borrowing costs in line with normal levels from the last decade, when you could have made a killing on stocks! For example, the last time it was this cheap to

Moderna, right? The

vaccine maker...

which was an obvious candidate for stocks that do well as America recovered from COVID-19. Sure enough, it had a big earnings distortion. In fact, the earnings were reported as NEGATIVE on

borrow money for a sustained amount of time, our system pointed to Natural Health Trends Corp. before the stock rose 4,691% in 2 years! This is the kind of gain you could miss this year if you get sucked in by the Fed story. Or the inflation story. Or the geopolitical conflicts.

Wall Street when really they were cranking out cash – and you could have more than doubled your money following our system.

The sell-off we’ve seen this year is nothing more than a natural and healthy correction – the kind of “hiccups” we see during the final legs up of a massive bull market.

JOHN

But I take it you didn’t touch Moderna...

JOHN

JOEL

So tell us, what do all the stocks you’ve named have in common?

Nope. The company was already too big. Instead, we played the COVID-19 recovery by applying our system across the market and looking for smaller companies whose story was being obscured by Wall Street. And we found a company called RCI Hospitality. Strip clubs.

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2022 FINANCIAL DISASTER // PAGE 15

JOHN

earnings growth will be in 2022, regardless of what’s happening in the overall market. And this will be most obvious in the smallest stocks. For example, look at RCI Hospitality – which we just talked about. It had a 191% earnings

Strip clubs?! During a pandemic?

JOEL

Sounds funny, I know. But almost half the shares were being held

distortion when we found it. That’s a big, big distortion for a company of that size.

by Wall Street... even as experts said their business model would be doomed by the pandemic.

JOHN

Which sector should I be looking at, then?

JOEL

First, let me tell you what sector it’s NOT, John. It’s NOT GOLD. In fact – avoid gold for sure.

JOHN

Why?

JOEL

Everyone’s talking about inflation, right? The Fed printed $10 trillion to keep the economy afloat during lockdown. Many people believe higher stimulus means higher inflation – from all the new money pumped into the system. And inflation has reportedly hit a 40-year high... which should theoretically drive up gold, right? But here’s the thing, John. The inflation numbers are totally misleading. People are forgetting that inflation is also driven by DEMAND, not just the U.S. money supply.

We knew Wall Street was keeping this one for themselves. So we ran the stock through our system and wrote, “Our upside... is 443% higher from today’s levels.”

JOHN A bold prediction... JOEL Sure enough, the stock is up as much as 464% since our recommendation, 5 times your money!

JOHN

Explain what you mean...

JOHN

JOEL

So to be clear... you’re recommending microcaps for 2022. Didn’t Warren Buffett once say he could make 50% every single year if he could buy microcaps? Yes – but a very particular type of microcap. In short: we urge you to buy small companies with massive earnings distortions. Especially in one sector. And that’s because I believe the public is dramatically underestimating how strong

The untold story right now – and it’s the main reason why we’re bullish – is that something bigger is driving this so-called “inflation.” Inflation is up, yes. But only because the lockdowns caused people to stop spending as much on services... and to spend on tangible goods instead. And this has caused a major supply chain problem.

JOEL

JOHN

Because delivery trucks couldn’t go anywhere...

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PAGE 16 // 2022 FINANCIAL DISASTER

JOEL

it. Especially the microcaps we’re targeting with our system right now. These stocks have 500% to 1,000% potential.

Not entirely, no. You see – tangible goods require getting factories up and running. And what people don’t realize is that this new surging demand has exposed a long-standing problem with most U.S. corporations. In short, we don’t have enough factories! This chart of PP&E ratios tells the full story...

JOHN

Give us an example...

1,605% GAIN ON A SINGLE DISTORTION

JOEL Silicon Motion Corp. They help make semiconductors, where silicon is crucial.

JOHN Tell us what PP&E is…

JOEL Plant, property, and equipment. It’s a balance sheet line- item representing companies’ large, physical assets.

Silicon has seen rising industrial demand in recent years – even before the pandemic came along. But in the U.S., corporations have been unwilling to invest in the capex needed to ramp up capacity.

JOHN

Like a manufacturing facility...

JOHN

JOEL

And that creates a supply chain problem...

Right. And this chart shows how incredibly old these assets are right now in America. Over the past decade, most U.S. companies simply didn’t cough up the cash to renovate their factories. They limited their capital expenditures, known as “capex,” to maximize their cash flows. Which makes sense, right? Nobody ever wants to replace equipment until they absolutely have to. But today, with the surging new demand post- COVID-19, this is now creating supply chain issues, where supply can’t ramp up fast enough to meet demand. That means prices go up. But NOT in the serious, long-term way most experts are harping on right now.

JOEL

Right. It’s been a problem for the last decade, John. Back to literally 2011. So... run our system across the semi-conductor industry, and here’s what you’d have seen back then.

A major earnings distortion for this

little semi- conductor company. A distortion that CONTINUED for the next decade... to the tune of a 105% discrepancy at one point in 2016. If you’d seen this back at the beginning, John, and bought and held the stock, you’d have made up to 1,605%.

JOHN

So it’s not really inflation in the classic sense...

JOEL

Nope. And this is GOOD NEWS for the market, John, because my research shows it’s going to cause what we call a “capex supercycle”... on a scale bigger than we’ve seen in basically two decades. As more factories get online, they buy more from their suppliers, who buy more from their own suppliers, and so on, creating a “trickle-up” effect that will lift hundreds of companies with

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2022 FINANCIAL DISASTER // PAGE 17

JOEL

That’s the power of finding microcaps with huge earnings distortions at the start of a capex supercycle.

Nope. Wall Street would much rather you freak out and buy worthless gold mining stocks than potentially make 11 times your money playing the REAL story behind rising prices. Mark my words: companies like this – in a variety of industrial sectors – will lead the way to the biggest gains in 2022.

JOHN

When was the last time America had a capex supercycle?

JOEL

JOHN

2003.

Remember what happened to stocks after that? A straight march higher. And along the way, our system pointed to a 140% earnings distortion in Deckers Outdoor Corp. They make footwear – exactly the kind of staple that benefits from a manufacturing boom. Sure enough, if you’d bought in at the start of the capex supercycle and held through 2008, when the cycle ended, you could have made 11 times your money. And the funny thing is, the distortion continued even after the capex supercycle ended. If you’d seen that with our system and kept holding, you’d have been up 28,000% by last year. That makes you a millionaire

Incredible. I love it.

ONCE-IN-19-YEARS EVENT IS COMING

Now, in a moment, we’re going to hold a demonstration of Joel’s system. He’ll type in the tickers for a variety of different stocks and show you what the forensic analysis is saying right now. Including the name of one small-cap stock you’ve likely never heard of before, which he believes could make you multiple times your money in the next leg of the bull market he predicts for 2022. You’ll get that ticker FREE of charge in just a moment. Along with the No. 1 popular stock to avoid. But Joel, what I’m still marveling over is how, sometimes, your system knows more about a company than even you and your team.

For example, earlier today I was playing around with your system, and just for fun, I typed in “Zoom.” As we all remember – Zoom became a

household name in 2020. And the stock rose 730% on the strength of its 300 million new users.

But get this... Joel’s system detected an 814% earnings distortion as far back as 2019, BEFORE the first case of coronavirus had ever

on a $4,000 investment!

JOHN Huh. Y’know, this seems like a

remarkably simple way to cut through all the noise and see why certain stocks could keep marching higher... And yet... I haven’t heard anyone in the media talking about this.

even been reported! So Joel – how could

your system have pointed

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PAGE 18 // 2022 FINANCIAL DISASTER

to such a huge winner back when Zoom was just another tech company?

Our forensic accounting system measures cash earnings far better than GAAP... But over time, even GAAP accounting will catch up. And that means, sooner or later, the reported PROFITS catch up. That’s when even the general public sees the true number. And when that happens, the results will surprise the investing public – and cause a huge upward correction in the stock price. A good example is SolarEdge... OK – and that’s, what, the solar energy company you recommended to some of your readers back in 2019... attention, first, was the earnings distortion. According to our system, the TRUE earnings were almost three times higher than what Wall Street reported. That alone got us excited. But 2019 was also the year when renewable energy started to become a very hot topic. For one thing, in 2019 the U.S. consumed the highest amount of renewable energy on record. Yep. What caught our

JOEL

John, this actually leads into the entire secret of how to use our system to find the biggest gains. Here’s the corrected Return on Assets for Zoom in 2019... This company What that means is... if the coronavirus had NEVER happened, this stock would likely have still had a very nice run in 2020. So what happened to cause the spike? In short, a CATALYST! A reason for everyone to start paying attention to its earnings... was minting cash even BEFORE the pandemic!

JOHN

JOEL

JOHN

Which in this case, of course, was the new digital shift forced upon the American workplace by lockdowns...

JOEL

Right, and all of a sudden people realized just how much cash Zoom was capable of generating, which was already better than the number posted on Wall Street. Those two factors combined – a distortion and a catalyst – led to that remarkable 730% gain. So ideally, John... when we apply our system, we’re looking for a particular event that will drive attention to the earnings distortion. In the case of Zoom or Peloton or RingCentral, it was the pandemic. In fact, we published a report in May 2020 called The At-Home Revolution all about earnings-distorted stocks that would benefit from lockdowns, each of which could have made you a fantastic gain.

JOHN

So it had both things you look for. A distortion... and a catalyst.

JOEL

Sure did. The following year, it delivered a 40% earnings surprise. And what happened? You could have more than tripled your money on the stock. But as

JOHN

Got it. And that gets to the point we talked about earlier – that the payoff to finding these distortions is an EARNINGS SURPRISE when the world wakes up to how profitable these companies truly are...

impressive as that might be, I promise you:

JOEL

The capex supercycle will be a far greater

Exactly. Cash is king.

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2022 FINANCIAL DISASTER // PAGE 19

JOEL

catalyst. And I believe the stocks uncovered by our system will be the best way to play it.

Consider electric vehicles, for example. One standout is the company Nio, which made headlines

JOHN

So your system is kind of like having a real-life crystal ball, right? You get to see into the future long before other investors... for the chance to profit as the public catches on to what you already know...

in 2020 for its electric

vehicle buses. Sounded like a great stock to some people. But look at this... Run the stock

JOEL

Well, call it what you want. But the bottom line is that finding a small stock with a huge earnings distortion at the start of a catalyst as big as a once-in-19-years capex supercycle is likely the greatest wealth-building opportunity you’re going to see over the next decade. And ignoring this opportunity because Wall Street experts have scared you onto the sidelines will be a DISASTER for your portfolio. Well, I’m excited to get the name of your free microcap recommendation to play all this. Along with the No. 1 stock to avoid. But right up front, though, I gotta ask the obvious question, Joel. “What if I’m still terrified of a much bigger crash or bear market this year?”

through our system, and in 2020, the publicly reported Return on Assets was NEGATIVE 8.3%. In other words, a huge red flag. Now granted, you might have told yourself, “Electric vehicles are so hot – who cares about one bad year?” Well... one click – and John, here’s the REAL, TRUE number.

JOHN

It’s actually more than 3 TIMES WORSE than the number Wall Street would have you believe is true. The result? The stock plummeted 57% last year... smack in the middle

WHERE THE REAL CRASH WILL HAPPEN

JOEL

The bigger danger for most people isn’t a market-wide crash... it’s a crash within a particular company or sector. Because remember, John... individual stocks can collapse all the time, even at the height of a bull market. This is why we love using our system to expose the worst stocks. For example, back in 2020 we published a report called: Ten Microcaps You Must Avoid at All Costs. Inside, we warned about Bright Mountain Media – which went on to plummet 100%! Cannonau Corp., which plummeted 81%. And Rockwell Medical, which plummeted 73%... among others.

of a bull market!

JOHN

Got it. So the real risk right now isn’t necessarily a market-wide crash... it’s a crash within sectors that have grown too popular or within individual companies with earnings that are far WORSE than the public numbers.

JOHN

JOEL

And you say this works on entire sectors...?

Correct. So don’t worry about the market. Worry about your individual positions. But I also want you to remember this, John:

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PAGE 20 // 2022 FINANCIAL DISASTER

impossible to know if the FDA will approve the drug... right?

No bull market ever goes up in a straight line. During the dot-com boom, for example,

JOEL

You would think so. But we’ve seen amazing results with even the most inscrutable companies... because, again, sooner or later a company with a major earnings distortion will see a correction in the stock price. Consider Illumina, for instance... This is a company that does DNA analysis. And in the early days, nobody

the Nasdaq saw five declines of

roughly 10% during its final push higher.

JOHN

So buy the dip.

JOEL

Yeah… when I visit my clients at some of the top 500 biggest financial institutions, the first thing they say to me is, “You’re going to tell me to buy the freaking dips, aren’t you?” And the answer is yes! Because if we find a stock with an earnings distortion

really knew what would happen next with DNA research. But watch this... Run the stock through our system. Huh... What is that, a 300% earnings distortion as far back as 2006?

and a catalyst behind it, and

the stock hiccups because of some geopolitical force that affects the entire market, that’s a BUYING opportunity, plain and simple. I mean, look. Some folks could have doubled their money on our Korn Ferry

JOHN

recommendation in 2019. But if they’d bought more on the dip in 2020, they’d have made an extra 116%. Folks could have quadrupled their money on our Generac recommendation in 2019... and made an extra 129% if they’d bought the dip in 2020. I could keep going, John. BUY THE FREAKING DIP! EVEN WORKS ON “SURPRISE” EVENTS

JOEL

This company was minting cash. At one point, its true earnings were 5 times higher than the number reported on Wall Street. Of course, there was still no telling if gene therapy would ever gain mainstream approval. But all you had to see were the big earnings and realize all the attention on gene therapy was an ongoing catalyst. Sure enough, you could have made a 4,517% gain. Bottom line: Just by focusing on the true earnings, you can accurately pick up on some of the biggest stock moves, sometimes years before the story appears in the press. That’s why some people pay $100,000 a month for our >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40

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