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Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To Make Stocks Go Higher
A "cheeky" Jim Rogers appeared earlier on CNBC Europe (which
incidentally is orders of magnitude better than its US equivalent), and
confirmed the depths to which the once relevant and informative TV
station has now fallen. In a discussion over the European Stress BS,
the topic turned to the role of PR agencies when it comes to shaping
popular perceptions, at which point this slipped: "The whole purpose of
PR is to make stocks go higher. That's what CNBC and many many PR agencies are all about. Yes,
they make things look better for a while. Are they really better? No."
Propaganda, in other words. And in the corporatist circle jerk world,
advertisers still flock to it, even as the broader public reaches
levels of skepticism never before seen courtesy precisely of such
blatantly fraudulent media contraptions, and vacates the GE soon to be
spin off in unprecedented quantities. The American public may be lazy,
but it sure is getting more intelligent, and wiser to the tricks of the
media propaganda trade.
h/t Bradley
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Sounds about right.
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Jimmy boy telling it like it is. It wasn't "cheeky" - it was dead on!
I'm just waiting for CNBS to pull out the POM-POM's to get everyone all pumped up enough to pretend we'll all be just fine so these scumbags can pump stocks still higher to distribute their trash once again....
think cnbc will have a special investigative report on this
http://www.ft.com/cms/s/0/92f46430-999b-11df-a852-00144feab49a.html
The cleavage girls at cnbc should have this as their theme song:
http://www.youtube.com/watch?v=tpprOGsLWUo
Pump it up when you don't really need it.
Pump it up until you can feel it.
Down in the pleasure centre,
hell bent or heaven sent,
listen to the propaganda,
listen to the latest slander.
There's nothing underhand
that she wouldn't understand.
Pump it up until you can feel it.
Pump it up when you don't really need it.
In fact Rogers is part BS artist himself, but he has some insights to be picked up on here and there. He's eventually going to be right on the Europe thing, and it seemed to me he was one of the frank talkers on that early on.
What's so wrong about him, he has strong views, maybe not always right, but he bets his own money on them. He's a strong person with strong views, hence Commie-George couldn't handle him.
Commie George- the billionaire oligarch?
"...CNBC Europe (which incidentally is orders of magnitude better than its US equivalent), ..."
It is, but sadly it has been moving towards "convergence" with the mindless, but dramatically delivered babble often found on its US counterpart.
Watching CNBC Europe in the summer and fall of 2008 was like a breath of fresh Alyeska mountain air compared to the delusional Goldilocks economic storyline the held sway Stateside. Being a night owl used to be rewarding. Now, switching on the TV in search of interesting market analysis is usually a fruitless effort.
I've noticed Bloomberg gutted their nightly Asian shows. I mean Bernie Lo's Asia Confidential and the one beforehand with Susan Li at least made me feel like I was learning something and wasn't being brainwashed with propaganda. Now Bernie is on CNBC. How is his new show?
Haven't seen Lo's new show so can't say, but agree with comment on Bloomberg's late night programming. When I watch live financial TV, usually it's Bloomberg, but while daytime programming is a notch better than CNBC, at times it seems it's not all that far behind. I record "Taking Stock" - don't watch it religiously, but Pimm Fox often has some interesting guests on, and the show format allows for more than sound bite discussion.
Yeah they don't even replay Pimm's best of show on the weekend anymore. Now I am only getting my info here. But I miss Bernie. That guy was funny and had great guests. The one time Marc Faber was on and told Bernie to come visit his hash farm. I about fell out of my chair laughing. Fucking Faber.
I just uploaded a more reader friendly version of Dying of Money.
http://www.scribd.com/full/34976449?access_key=key-fxdt66a500vjp2mkxrr
they blocked scribd here at work.
Those bastards!
Refreshing! And so true.
If you get your hands on Meetings with Remarkable Men by Gurdjieff, I highly recommend, from the book, a talk by a Persian man of letters, on Journalists and Journalism, that G, in his amazing way, remembered, verbatim.
Absolutely brilliant. And this was in the late 19th century.
Really, worth finding the book for. And send it to every journalist you know.
ORI
http://aadivaahan.wordpress.com
Serious Question...
Why do you guys watch CNBC and torture yourselves everyday? If you want financial news and don't want to be pissed off every 5 minutes watch Bloomberg...
I watch the station with best hooters on display...always with sound off
For information that is 'siftable' for bits of useful info the internet is the place. But, like gold mining...many tons of 'ore bearing material' for one nugget or an oz of flake.
Although bloomberg is slightly better than CNBC, it is still propaganda. I threw the tv to the curb 18 months ago and couldn't be happier (and trading better, strangely enough).
I can't recall where I read it, but supposedly CNBC has lost close to a third of it's viewers since the financial crisis. Anybody confirm?
The TV is currently the best broad delivery system for propaganda to the masses. Sheeple who watch CNBC are simply opening themselves to be receptors to such things, with the hopes of continuously dumbing down of the population.
Watch the four part video Century Of The Self.
Part 1
http://video.google.com/videoplay?docid=6718420906413643126#
Part 2
http://video.google.com/videoplay?docid=6718420906413643126#docid=-678466363224520614
Part 3
http://video.google.com/videoplay?docid=6718420906413643126#docid=-6111922724894802811
Part 4
http://video.google.com/videoplay?docid=6718420906413643126#docid=1122532358497501036
But Margrett Brennan is on from 10a-12 and she is fucking HOT!
I watch Fast Money which at least gives voice to the market bears if not the gold bugs. It was a lot better with Dylan Ratigan and Jeff Macke, but hey, Melissa's no fool and the addition of options strategies at least kind of indicates they are targeting a more sophisticated investor.
Why do we watch it? Why not, the Cartoon Network refuses to put a scroll on the bottom of their screen nor hooters.
CNBC Europe in the morning is still worth watching up to 10am. As long as Louisa 'dumb as a post' Boyesen is not on. This has been confirmed by guests on the show.
Ah, so just like Businessweek.
and then there's Hermann Goering Gibbs.
and then there's Hermann Goering Gibbs.
and then there's Hermann Goering Gibbs.
And I just saw that Cramer ad again, HA HA HA, the boy advertises on ZH? Does he know what readers here think of him? ANd ZH takes his money HA HA HA, that's great Tyler
Talk about throwing his money in the ocean, but let's click anyways so his marketing advisers can tell him how many clicks he got and charge him more! Let's send the bastard to the poor house so he can find out how a large part of americans feel and also join the people he's given advice to.
It is just as ironic as what you see on CNBC. Pumping stocks and hawking gold.
Incessant stock pumping (and dumping on gold) interspersed by commercials hawking gold. There is the PR BS and then there's the bottom line. The bottom line is the only ad buyers on CNBC are the gold retailers and the gold retailers would not be buying ad time if they were not selling a lot of gold to a lot of Joe and Jane 6 Packs.
Tyler, Jim Rogers is a lieutentant colonel in the propaganda army.
Faber on Bloomberg Radio now-Rosie on deck maybe 0730 eastern US.
"quite frankly, we are in bankruptcy." - Faber
http://noir.bloomberg.com/tvradio/radio/index.html an "launch audio player" on the left
How did Jim Handle soros Rogers is a good guy Soros dueche bag
A short snippet from More Money Than God explains why. Ackording to Soros, Rogers was a hard-nosed workaholic who scared away employees...
Watching the video without audio, the body language screams discomfort when Rogers describes the true nature of CNBC.
Always enjoy watching the cheerleaders squirm when their guest to the program doesn't stick with the script.
Option #2 is that, for now, we are meant to peak behind the curtain so they can allow deflation to take hold for a while (withdraw money from productive investments in the developing world to US T-Bills) until later on they can succesfully QE2 the large finco players with trillions of cash and inflate away our problems. I suspect the real battle here is between power brokers on either Democrat or Republican sides to see who benefits the most.
I like Jim Rogers. I think he talks a lot of sense a lot of the time. Sure, he has his problems - he tends to get carried away with his disaster scenarios and he is very long term oriented. But, I can sense his frustration when he talks to these journalists and they ask him stupid questions. All in all, I'm glad he is around to provide an interesting (and often correct) counterpoint to all the propaganda drivel out there.
Suddenly they needed to take a commercial break as he was about to respond to her criticism...
Jim Rogers, I like him for his fashion sense. What a bowtie! All these guys talk their book. He's no different. Seems his book is a bit different than most others.
Unlike the Bible, his book is the Truth.
Tyler...can you embed your videos.....I can;t get any of them to work anymore here at work.
Just asking....thanks
JR has been talking about the macro stuff for years. Never changed his stripes on the state of our ponzi governments. Sometimes he's right, sometimes he's wrong, but always willing to stick his neck out. And no, I don't work for the guy.
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