User:JohnAlbertRigali/Sandbox/Nicholas A. Guarino

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Nicholas A. Guarino, Jr. (born in New York, USA) is a prominent financial analyst and possibly the most prodigious financial investor in the history of the stock exchange.

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

180+ I.Q., grade school drop-out, self-made millionaire, former president of his own commodities brokerage firm, host of radio and TV financial programs, inventor, private pilot, newsletter author, and in the opinion of some, one of the most accurate financial forecasters in history.

Contents

[edit] Childhood

Guarino was a child prodigy.

[edit] 1980s stock market activity

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

The public first heard about Nick Guarino in the early 1980s. He stirred up the financial industry by publicly advertising his trading record in the Wall Street Journal. People were frankly skeptical. But in 1984 a famous gold and silver newsletter authenticated his phenomenal trading record. This set the entire industry abuzz.

Nick compiled what, in the opinion of many, was the most successful documented track record in the history of precious metals trading. Beginning with $25,000, he allegedly grew one trading account into $225,028.06 in three years. A Big Ten accounting firm audited and publicly confirmed that account. Guarino took another private $25,000 account and, using a more aggressive strategy, turned it into $1.3 million in ten months. He refused to publish that result because he thought no one would believe it.

The fellow on the order desk who executed the trades in this astonishing private precious metal account publicly said it was true. He says he is still, to this day, amazed by it all.

However, government regulators dispute Guarino´s verified track record. Despite the fact that a top ten CPA firm independently audited and confirmed the $225,028.00 trading account, regulators claimed it’s a fraud. The government bureaucrats simply can’t believe that anyone could make that much money trading precious metals.

Same was true of the commodities industry’s own “self-regulators.” This is a “voluntary” body that attempts to “police” brokers and others involved in trading. These non-government regulators refused to accept Guarino’s track record. They made life so difficult for him – with the endless bureaucracy, investigations, restrictions and rules – he finally concluded that trading other people’s money simply wasn’t worth the intrusion and constant harassment. Rather than battle the regulators, Guarino simply “unvolunteered.” He closed his firm in 1986, cashed in his chips, and sailed off in his yacht to the Cayman Islands. He has refused to handle other people´s money ever since.

In early 1987, Guarino predicted a massive sell-off in the stock market. He told a group that followed his recommendations that he thought the market would crash by mid-October of that year. Almost to the very day, the crash came. On October 19, 1987, the Dow lost 22.6% of its value in a single day. The S&P 500 lost 20.5%. Nearly everyone who followed Guarino’s advice that day made 5,000% profits when the market crashed. They multiplied their money by 50 times. Suppose you had been lucky enough to follow Guarino’s recommendations then. Starting with, say, a $100,000 account, you could have ended up with $5 million. In one day.

In the opinion of many, it was the greatest one-day trading record in the history of mankind – although I heard that Guarino has topped that record since.

[edit] Criminal record

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

He is also a convicted felon. He served nine months in federal prison, during the 1992 presidential election, allegedly for a business failure that occurred back in 1987. Guarino claims he was set up by powerful moneymen in Arkansas. Men who feared that – because of Guarino´s extensive financial dealings in the state — he would reveal all he knew about then-governor Bill Clinton, Whitewater, Madison Guaranty and Hillary Clinton’s remarkable ability to make a 10,000% profit on cattle futures (with the help of the state´s biggest corporation, Tyson Foods). Following Bill Clinton’s election, Guarino was released, openly vowed revenge.

[edit] 1990s stock market activity

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

It is well documented that Guarino was a lone voice crying in the wilderness, warning that the great stock market rally in the late 1990’s was a fraud; that it would crash and wipe out the little guy. He constantly recommended that subscribers sell the bull market in stocks. It turned out he was right. He called stocks a put-up market, manipulated by Wall Street and greedy corporate scoundrels. He named names, Wall Street firms and Fortune 500 corporations. Many were convicted. Fines totaling hundreds of billions of dollars were paid. (Guarino calls them payoffs.) I understand many bigtime Wall Street players squarely blame Guarino and his publications for their downfall. He calls Wall Street, the investment bankers and the mutual funds a Ponzi scheme, designed to screw the mutual fund super savers out of their hard-earned money. As Guarino predicted, the stock market crash cost retirement savers trillions. Wall Street and the mutual funds were revealed for the fraud they are.

In more recent times Nick called gold at $250 an ounce the bargain of the century. He said the dollar was the most overvalued currency in the world. He urged subscribers to buy Euros when they traded at .77 cents to the dollar. He said the U.S budget deficits, balance of trade deficits and national debt are out of control. He now is predicting the dollar will collapse like we have never seen before, relestate will be worth 10 pennies on the dollar – and a depression will soon hit, that makes the 1930’s depression a coloring book fight at the preschool. He predicts the stock market will again crash, in Wall Street´s biggest wipeout ever.

You can imagine the enemies he has made. Wall Street, mutual funds, politicians, the bought-and-paid-for Wall Street media, and lap-dog regulators want to shut him up. He says the Wall Street prosecutions and fines paid are just tax-deductible fines, chump change, for these trillion dollar industries. He calls the penalties a joke – a slap on the wrist to appease the masses. They have tried everything to stop him. But to no avail. The more they attack him, the more popular he has become with the little guy. He keeps up his one-man crusade to warn people of the corruption that will steal their life savings.

[edit] Writings

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

He wrote about Clinton’s crimes in Arkansas in a controversial “payback” book, The Impeached President, published in 1994. In this book Guarino predicted, FOUR years before it actually took place, that Clinton would be the first president impeached since Andrew Johnson. When Clinton was actually impeached, it was largely based on information that Guarino himself leaked to the press – including to Newsweek star reporter Michael Isikoff. (In his book Uncovering Clinton, Isikoff admits that Guarino was his source for key information that blew the cover off Clinton’s crimes.) Guarino also began writing The Wall Street Underground newsletter. WSU´s mission was to expose the shady financial practices and corrupt business dealings that the “legitimate” (corporate-owned) Wall Street news media and government regulators (also corporate-owned) were ignoring. From the very beginning, this newsletter has been investigated by government agencies that seem intent on silencing it and censoring the truth.

Guarino writes other newsletters for many different publishers, and has developed a global cult following. His list of loyal subscribers -- many of whom have been with him for years -- grows every year. Some of the most powerful people of our time use Guarino as a constant source of political and market information. They also use him as a predictor of future events. People who are aware of the inside dirty deals know he never reveals his sources. They know they can give him vital information: he will publish it to the world and blow up the scandals, frauds and corruption designed to steal the little guy´s hard earned savings.

The following is not plagiarized from http://www.wallstreetunderground.org/disclaimer.asp.

Guarino also wrote a pamphlet in 1994 titled Murder, Bank Fraud, Drugs, and Sex: How Whitewater Will Change Your Life Forever, copyrighted in 1994 by The Wall Street Underground. It is basically a distillation of Guarino's own research into the Whitewater Controversy.

[edit] Media

[edit] Personal life

The following is plagiarized from http://www.wallstreetunderground.org/disclaimer.asp. It needs to be rephrased.

Guarino’s exposes of Wall Street crimes and government corruption have put his life in danger. As a result, since 1994 he has lived outside the United States in a hidden location. His radio program, “Radio Free Wall Street” – which has aired on some of the largest radio stations in America -- is broadcast from “somewhere in the Northern Hemisphere.” He has no address, telephone number, email address or known contacts. Government regulators allege this is because he is a fraud out to steal people’s money. Yet Guarino refuses to accept other people’s money for trading. He will not take a penny. He says all people can do is subscribe to the publications he writes, read the information he gives them, and make up their own minds. Guarino says his exotic lifestyle is designed to keep him alive long enough that he can warn more people of the financial apocalypse Wall Street is preparing for them. He communicates with his loyal subscribers through his newsletters, his radio broadcasts, and through specially encrypted websites. The websites feature regular tapes of the elusive, very private, and in the opinion of some, endearingly-eccentric Guarino.

[edit] References

[edit] External links