Wilbur Ross. Another emperor with no clothes.

Oh, I cannot tell you how much fun this is. How much it warms my heart. It's beyond words.

I'm talking about how great it is to see these Wall Street charlatans exposed for what they are...losers and frauds.

Here's the latest "titan" who we discover is, in reality, an emperor with no clothes 

Wilbur Ross.

Yes, Ross is a billionaire and that's WAY more than I got, but now we get a pretty good sense of how he "earned" it: most likely rigged deals and lots and lots of fees on the billions he manages.

But take a look at the stock of Ross's company (his hedge fund) if you really want to see how  he's doing, 

Wilbur Ross Holding Company (WLRHU) did shit in the last two years. 

Since it has been publicly traded the stock has done nothing. Ross made an "impressive, 5.0%, TOTAL, it looks like, in two years. Wow. Whoop Dee Fucking Doo. And that with 2% annual management fees and 20% of the profits. 

Obviously, then, he made no profits. It was probably ALL management fees. That's right, 2% for doing nothing.

Now in order to save his company he is telling clients he is not going to take his 20% incentive fee. Ha!! That's no skin off his nose because by the looks of this chart he never made any profits!

I'm not surprised. This "genius" was all over these hedge fund "clown" gatherings like SALT and Ira Sohn pontificating about nothing. He spiel was the same inane crap all the other morons were saying at these things: that the "Fed was out of ammunition" or, there was going to be "hyperinflation because of all the central bank money printing," or, "China was a debt bubble." (Or Japan was a debt bubble. Take you pick.)

These morons are absolutely clueless. Thankfully, some of the smarter pension funds are pulling their money out--for good.

We've seen it with Gross, Bass, Ackman, Einhorn and now Ross. Actually, it's all of them. They're a bunch of brainless sheep all running around like kings, spouting the same, idiotic bullshit.

Here's some advice I'd give these guys: If I were them I'd NEVER go public because that gives the rest of us a glimpse at just how big of fucking losers they are.  

Wilbur Ross. Hahahaaha!!

Goofball "Rich Dad, Poor Dad" guy calling for a major crash. So go all in!

Remember that goofball, Robert Kiyosaki? He's the author of "Rich Dad, Poor Dad." He wrote that book, got famous, and then started giving seminars about eight or nine years ago. I think at one time Trump was even involved with him. Kiyosaki's promotion company is bankrupt now and he's being sued, but that's a whole other story.

I just saw that he's back and he's calling for a major crash, a crash he says he predicted in 2002. Should you be scared? No. It's a gift.

Kiyosaki is clueless. Here are some of his other predictions: He was telling people to buy silver and gold several years ago because there was going to be hyperinflation. He had the same, ridiculous reasoning as morons like Schiff and Jim Rogers and Glenn Beck. Idiots. 

Now he's been screaming Japan debt crisis and China on the ropes with debt, blah, blah, blah. All the usual idiotic goofball stuff a la Kyle Bass and other idiots.

Here's what you do when you see a guy who is totally clueless yet goes around making embarrassingly wrong predictions: you fade him. Big time.

Fade Kiyosaki on this. You'll be doing a public service and it's free money.

John Mauldin's taking out a yen loan to pay for his Dallas apartment

John Mauldin writes this weekly commentary, Thoughts From the Frontline, which is always horribly out of paradigm.

Now it looks like he's taking out a loan in yen to pay for his house in Dallas, TX.

This makes me want to go long the yen soooooo bad, I barely can hold myself back.

Look at Mauldin's ridiculous comments:

"The Japanese are in a situation where their only real path out (of a shrinking economy) is to devalue the Yen," Mauldin says in the attached video. "This is a country that is going on sale."

In fact, he's not only predicting the Dollar/Yen will slump to 200 versus the U.S. dollar in the next 5 years, he says he is planning to hedge his entire mortgage to Japan's weakening currency in hopes of paying for his new Dallas apartment.

"The country is dying. People are retiring," he says, adding that by the time "Abenomics" has run its course, "you'll be able to buy a Lexus cheaper than a Kia."

Further complicating their comeback is what he calls the "Demographics of Doom," which highlights the growing ratio of the country's retirees compared to those actively working. "When you're at debt-to-GDP of 245% you're beginning to run up against your limit to borrow money at rational interest rates," he says, defending the country's decision and course, yet he's also certain that "it doesn't end well."

"Run up against your limit to borrow." Haaaa!!!! Japan OWNS the yen. It doesn't borrow it. Same mistake they all make--Mauldin, Bass, Rogers, Schiff...all of these idiots.

What's incredible is that the truth is very much out there now. It's amazing that these guys keep repeating the same, tired, inapplicable story.

By the way, the only real thing weighing on the yen has been Japan's trade deficit, but that has now swung back to surplus, which means that Mauldin might end up paying a lot more for his apartment.