Yes folks, that's what the man said, "You can make 10% profit a month using our system." He said it with a straight face in an infomercial, which was preceded by a station announcement that they are not responsible for the content or validity of the following program.

How about a statement that is more straight forward like, "The following presentation regarding the stock system you are about to see is full of crap! If you believe any of it you are a fool and deserve to lose your money."

For those of you who are not adept at math, if the claims made on this infomercial were true, a $10,000 nest egg would pass $50 billion midway through the 14th year and $80 bilion by the end of it, (passing Buffett and Gates) if you did not get bored with making money long before. Of course if you kept going you could pile up all the equity on planet Earth in less than one lifetime so you would have tremendous incentive to find life in another solar system somewhere that has a stock market so you could suck up all the equity on that planet too.

What if two people decided to use this system for any length of time, I fear the world would not be big enough for the both of them. But I take this too far. The snake oil salesman in the infomercial is the best evidence of the failings of his own system because he has not earned jack by using it himself, only by selling it. No one worth two cents would give him the time of day ... unless of course they were to serve him a notice -- like cease and desist.

I can't believe there is not a federal or state prosecutor somewhere that is chasing this guy and his fraudulent claims. I am sure there are lot of people like me that get burned up when we see someone taking advantage of people like this infomercial tries to do. I think after I finish this post I will write a letter to our attorney general about this. Perhaps there are some prosecutors reading this post that might shed some light on this subject and how these blatantly dishonest broadcasts can continue.

HAPPY FATHERS DAY!

Those of you who are new to BloggingStocks can check out my other stories and read Chasing Value or Serious Money to find potential opportunities and verify my track record as well.

Sheldon Liber is the CEO of a small private investment company and the vice president for design and research at an architecture & planning firm. Check out his other posts for BloggingStocks here.