In 2000, investors who chased Nortel and Lucent Technologies higher lost everything after those companies were forced to restate earnings. Today, Nvidia (NVDA) is engaged in the same type of practices to artificially boost its earnings that Nortel and Lucent Technologies were back then.
Investors who bought the highest quality gold exploration stocks in 2000 when nobody else wanted them made 1,000%-2,000% returns as Nortel and Lucent declined by 99%.
Preparing Americans for Hyperinflation
