An issue is that if you’d have believed him two years ago and taken your money out of the market or even shorted it, you’d have lost money over and over again while he’s continued to pipe exactly the same tune.

“Being right at the wrong time is as good as being wrong” - Howard Marx

I don’t think Zitron is recommending anyone short anything. That’s carries a ton of risk.

What you consider “losing money” I might consider “choosing not to participate in an ongoing global financial scam at the cost of my retirement growing slightly slower for a while”.