NEWS MEDIA IGNORES MOST RELEVANT NEWS
By Daniel at 19 May, 2009, 9:05 am
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
It amazes me every day how much news the media ignores. I no longer give any credibility to the main stream media. They’re trying to brainwash us to believe that the “worst is over”. They depend upon advertising revenue, and are therefore willingly complicit with the power elites in Washington. Now, I read mostly the blogosphere, where I get the REAL news of what’s going on in finance. Do NOT be deceived! The real mayhem lies ahead of us! A great catastrophe is coming!
It’s NOT pretty, either. There will be another stock market meltdown before this is over, and it will be worse than the previous ones. The economy is still getting worse, and the biggest devastation is still yet to come.
The news media focuses on headlines, but ignores the underlying data, often called the “internals”. Even unemployment is worsening. Did you know that the LAST jobs report (just 12 days ago) included an “adjusted” ADDITION of 256,000 jobs that were “assumed” to have been created last month? Without this “adjustment”, the most recent job losses would have been nearly -800,000, an all-time record! Meanwhile, the stock market rallied because of the headline number alone! There is a big difference between reality and the news media’s facade! If the worst was over, would Am Express have announced 5,000 more job cuts last night?
A few more examples:
There will be even GREATER numbers (more than 2007 and 2008) of mortgage resets in 2010 and still more in 2011 — just in time for 10% unemployment! I also saw a graphic indicating where the “smart” money is headed, and where the “dumb” money is headed. The smart money (wealthy elitists, Wall Street) is running rapidly for the exits, while retail investors, which the elites call “dumb” money, is piling on to what they think is a “recovery” in this “false dawn”. P/E ratios are so high that the S&P’s P/E is now in excess of 200 — meanwhile earnings for the S&P is NEGATIVE for the first time in history! Corporate America report “better-than-expected” earnings, while revenues are plummeting. They can only do that by slashing expenses, and that includes payrolls. And there’s much more where that came from! Read the good economic blogs, folks!
The market and the press are being manipulated that’s a no brainer.
If you are dumb enough to believe that the market is showing that the country is recovering you have officially been sucked into the propaganda. While Obama may publicly say he does not care what the market says he knows it is a good poll on what the money community thinks which everyone else uses as such. His aides and drones use it to their advantage, like every other administration.
people are confused with what they see on main street, hear from the rhetoric of the government, and see what is being actually being done, it does not track. The country is in deep trouble, just ask around. It is not getting better, people are hunkering down for the long haul but the idiots who got us in this mess are being bailed out and told that good times are here again so spend like a teenager with a MasterCard. We have footed the bill for their mistakes, with that kind of help ANYONE can be successful.
You may say we are doomers and think we want this market to fail, that is not the case. Anyone in business knows that the strong survive and the weak will just be assimilated. Business parallels nature … survival of the fittest. To have a healthy and strong economy we must let things follow the natural course because it will anyway. To try to fix it like we are only will make things disastrous in the long term. What we are seeing is a political move to make the SAME people who created this mess look good. All the while lining the pockets of their friends with OUR money.
Don’t believe it, look at the bills going through today, see the corruption in power circles, and follow the money. No one is really hiding the fact. This country has been changed forever and WE THE PEOPLE are going to suffer for it. If you want to be a sheeple fine, but it will get you in the end. It always has throughout history.
Hold onto your cash! Keep it safe and keep your powder dry. There must be some money left when the real devastation hits in order for us to later rebuild!!
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.