It seems that money will continue to win out over truth. When I first started writing in mid-2008 the website Seeking Alpha posted every article I wrote. They were fairly new and my articles drew large comment streams. Plus, I happened to be right about the banking system and the coming collapse. I was the 3rd most popular writer on their site. As they grew and got chumier with the Wall Street crowd, they started balking at some of my articles. Eventually they cut off all my articles. They haven’t posted one of my submissions in months. They only want mindless drivel from stock shills and shysters.
The other website that I could always count on to publish my articles was Financial Sense. They published every article I sent them for the last two years, until last week. Inexplicably they didn’t post my Boomer article. I figured it might have been a little strong for their tastes, so I didn’t say anything. But when they didn’t post my new article about the Federal Reserve today, I sent them an email asking why. Below is their response:
Sorry for the frustration this has probably caused you. With regards to this piece and your last one, our reason for not publishing has a lot to do with your style and not necessarily the content. Although we at Financial Sense (and PFS Group) see many of the same problems that you outline so well in your articles, we have decided to be more selective in what we choose to publish with regards to how it affects our money management side. Since many of our clients visit the site on a regular basis, whenever overly negative, conspiratorial, or “doom and gloom” pieces appear, we find that it usually translates to an equally emotional or irrational reaction to, for example, go 100% into precious metals on the part of some clients. The frustration that this has been causing our various portfolio managers to continually explain the fundamental tenets of risk vs. return, within the context of an investor’s suitability, often after reading yours or others articles similar to yours, has made it clear that the benefit of publishing needs to be weighed in the context of time being spent away from doing what we do best. I hope that this gives you a better idea of where we’re coming from and that you’ll understand that this is not so much a personal issue, but one that extends beyond my role as editor.
By the way, I rather enjoy reading your pieces and think the quality of information is very good. I wouldn’t at all expect you to adjust your writing style or approach based on our concerns, however, I would still like to publish your material on occasion if possible. Please let me know how you’d like to proceed.
Another website that I respected bites the dust. It seems that no one wants to hear the truth anymore. When Zero Hedge starts turning down my articles, I’ll know it’s late in the game.
Here’s my message to Seeking Alpha and Financial Sense.