Again, I would not say John Bogle (1929-2019) was a friend, but close to it. I vaguely remember how I came to call him. He was 80 years old at the time. For some reason I was driven to call him; I think I remember the reason, but I got to keep this information confidential. He was very famous and very wealthy. I did not want to impose on him, but we agreed on much, if not everything. What we had in common was a deep appreciation for the value of the truth – and for being totally honest. I am talking about our approach to the investment business. The approach John ["Jack"] took was not to treat the investment business as an advisory business. Wall Street has long considered the investment business in 2 ways: an “advisory business” and a “commission/trading business.” John was outraged by this stupid and counterproductive pretense.

John C. Bogle founded The Vanguard Group, in 1974, when I was a sophomore in high school. The central principle, as I have suggested, is quite simple: keep the costs of the investment business very very low, and go for the broad market. Invest in the entire market. And reinvest dividends.

Actually, I will say that we were friends. Good friends. It's just that I could be his son, and I am a journalist and scientist. I was never a professional investor, but as I said already, I was an investor – for myself and my family – but Israel intelligence destroyed my life and my family. Or nearly destroyed it. So this life I had was marked by extreme difficulties and even dangers. Ashkenazi Jews are criminals. As I have argued many times.

Criminals control the United States. Both parties. Donald Trump is trying to resurrect himself. His reputation. But I am going to say he is a criminal. He wants to kill all the Palestinians. Trump is a stooge of the Likud Party in Israel. Actually, the United States government is totally controlled by these criminals.

John Bogle and I did not discuss this, when we talked. I avoided that. We talked instead about the function of American life, American society. He obviously knew who I was, and that I had a lot of influence. John and I both knew that criminals run the United States government. It's an interesting question whether Vanguard today is appreciating this fact. I tend to think it is. I recently saw that Greg Davis, the chief investment officer and president of Vanguard, expects – apparently – Wall Street securities to be overbought. Too pricey. In other words, a big sell off is coming, it is virtually inevitable.

“The investment chief at $10 trillion giant Vanguard says it’s time to pivot away from U.S. stocks” by Shawn Tully, Senior Editor-at-Large July 24, 2025 at 8:12 AM EDT

I obviously do not know what John Bogle would say about this today – he is dead. But I can guess. We always agreed on everything, so he would agree with me. We are in a transition. Donald Trump is ignorant, and criminal, and of course it does not matter at all what Trump thinks or does. The technology called “artificial intelligence” is going to be the foundation of this new and much more advanced economy. I plan on writing up an analysis of artificial intelligence, and I will publish that soon, at informationtechcenter.com.

But here is a preview of my thesis and article: AI will destroy our economy, the one we have today. The one that has been building up since the 1944 Bretton Woods Agreement. Yes, it is going to be a lot of destructive capital. I will predict that at least 60% of what I would call “expertise jobs” will disappear, will be destroyed. Anyone with expertise, so-called expertise, will be jeopardy. These jobs will be disappearing. It could be 75% but most people will not believe me. Some AI tech leaders agree with this, but as of yet there is little evidence that this is going to happen. The knowledge we have is not really knowledge, it is almost worthless. AI will expose this worthlessness. You see what I am saying?

AI does not lie. Unless there are “filters” and bias integrated into the technology. AI is beginning to say amazing things about my information business. It acknowledges that I have displaced Foreign Affairs [magazine]. I do not want to brag, but my point should be clearly stated: the nonsense is going to be increasingly seen as nonsense. There are a few guys like me, and then there are the propagandists and liars. The corporations. You know who they are. They are finished. They will collapse.

I was talking to a sales guy today at Best Buy in Santa Rosa. Smart guy. Pretty young. He agreed that Hamas is awesome, that Hamas represents resistance. He said to me, "what choice do they have?" Both of us agreed that we do not like Jews. I said it first and he agreed. Hamas is not a terrorist organization. Donald Trump is a terrorist and criminal. The Israeli state is a terrorist and criminal state.

What does this have to do with my friend John Bogle? The United States is collapsing. There are a number of reasons for this collapse, the most prominent among them being the immigration of huge numbers of “Third World types” into the United States. They are sometimes perfectly fine hominids, but they are mostly on the low IQ side of the bell curve distribution of intelligence. They come here for work, for income. But then they are mostly a drag on the system. They are not creating a lot of wealth, and they are not going to create a lot of wealth. See my article that accompanies the Bogle 2009 interview.

What is ironic is that the low level jobs will not be replaced by AI, it is the high level jobs, the "expertise jobs" that will be vanishing. Creating new knowledge will be the real economy, not preserving the status quo. AI is a tool, it is not the human brain, it cannot create new knowledge, it is just analysis. It is not cognition, it is only a tool, the most powerful human tool yet devised.  And that's why Donald Trump and his MAGA base are so retarded. Trumpvilles will spring up all over the country. Just like Hoovervilles, in the 1930s.

I do not know when this will happen. I sense however that it is not too far off. AI has to kick in, and that is probably a number of years off in the future. Maybe 5 years. The thing is, information rules the world. Everyone around the world studies very carefully what I say. So the universe is changed by new knowledge.

So it is all over, which is hilarious. John had a serious problem with atherosclerosis. He was fortunate to be saved by knowledge and technology. We still do not know what causes plaque to build up in the interior of the arteries. There are theories, but no one really knows the real cause. My CT scans, several of them were done in the past 12 months or so, show that I have virtually no atherosclerosis. Amazing and very interesting.

So the transition is under way. I first theorized on this in April 2007. Here we are 18 years later. And now it is clear that we do not have much time left. I will call up Greg Davis to see if he will do an interview. Zionism is the epitome of criminality [as is the United States of America, for sponsoring and bankrolling Israel]. And the investment business was the epitome of criminality – until John Bogle came along. Amazing story, isn't it? I will be publishing the audio recordings of these interviews pretty soon, as soon as possible, including the Bogle 2009 interview. I have hundreds of these interviews, many of them with very famous and high level individuals. It's a lot of work to republish them, but I will.