Thursday, 27 December 2012

Bill Ackman: The End is Nigh for the 'Herbalife' lie.

Ackman excoriates Herbalife and pledges at least $25 million to charity at a Sohn Conference Foundation event in New York on Dec. 20
William 'Bill' Ackman

Ironically, on December 20th. 2012 (the day before the 'Apocalypse' was falsely-predicted), hedge fund manager, William 'Bill' Ackman, attempted to bring to an end the reality-inverting, parallel world known as 'Herbalife.' Mr. Ackman admits to holding a short-selling position involving more than US$1 billion (at cost) of effectively-valueless 'Herbalife' stock, but he also has stated that any profits which he might gain will be given to charity.

As various informed-observers have noted, Mr. Ackman's analysis of 'Herbalife' as a pyramid scam dissimulated behind effectively-unsaleable pseudo-scientific, wampum, contains virtually nothing original.  I, and a considerable number of other commentators (notably, Robert FitzPatrick and Bruce Craig), arrived at, and broadcast, this obvious conclusion many years ago, but law enforcement agents, legislators and the mainstream media largely-ignored us. Tellingly, even in the light of Mr. Ackman's  recent, dramatic intervention, the wider-world still doesn't seem to have grasped the enormity of the lie entitled 'MLM.'  

I'm particularly flattered by Mr. Ackman's ultimate conclusion that 'Herbalife' stock is worth $0, given the title of my own article from much earlier this year, 'Herbalife and Nu Skin shares are proved to be effectively-valueless.'

David Brear (Copyright 2012)

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