How Wall Street is scamming the U.S.

As Wall Street Informer members, you’re locked into the market. You know we haven’t hit a new high in over a year, you know the Federal Reserve is terrified of raising interest rates, and you know that the stock market is in a very vulnerable state right now.

But do you know about the Wall Street scam that’s keeping the American public from hearing the whole story?

It’s time to pull the curtain back on the Big Bankers and expose their latest trick…

Even for the most experienced financial mind, all the different terms you hear thrown around in the financial news have to be overwhelming at times. That’s why it would be harsh to fault the average investor for not knowing exactly what the term “adjusted earnings” means.

But the use of adjusted earnings by so many companies has earned some backlash by the neutrals dealing with the stock market.

To understand why, it’s important to first recognize that adjusted earnings are also known as non-GAAP earnings. GAAP, which stands for generally accepted accounting principles, provides a uniformity by which companies report their financial performance.

Here’s an example of the main difference:

• For GAAP earnings, a company that endures a significant one-time cost to restructures its organization will report that cost in its financials.

• For non-GAAP earnings, the same company will adjust their earnings report by excluding that same cost because it’s not a recurring cost.

And while many financial experts will tell you that the “perfect” way to report earnings lies somewhere in the middle of those two choices, it’s a matter of fact that we’re not getting the entire story when Wall Street companies repeatedly emphasize non-GAAP earnings.

Now, it doesn’t take knowledge of either of those two terms to see that the stock market is overvalued. But again, seeing past the Wall Street scam will show you just how scared you should be…

Non-GAAP earnings numbers show that the benchmark S&P 500 stock market index is trading at roughly 20 times earnings – a massively overvalued number. But when you take GAAP into account, that number balloons to 26 times earnings!

And that’s precisely why so many of the nation’s most accomplished financial minds are A) betting BIG against the stock market, and B) warning of a 2008-type crash on the horizon.

Such a fall will once again rob many Americans as retirement savings disappear in a flash…but some people will become rich from it…

I’m set up to profit in a huge way when this drop comes, and subscribers of Midas Wave Alerts are in the same position becomes their copying me…