Looking Like You Know What You’re Talking About Doesn’t Mean That You Do

Enough is
enough.

The
mainstream financial media always tries to offer fundamental reasons for why
stocks do what they do. If stocks rally it’s because on good earnings or
improved consumer confidence or some other development.

On the surface,
this approach is valid: the markets are meant to react to economic and
financial developments. However, the problems with the mainstream media’s
attempts to explain the market’s actions today are:

1)   These
people are journalists, NOT investors
or businesspeople.

2)   None
of them know what they’re talking about.

3)   The
markets haven’t moved based on fundamentals since 2008

4)   Most
if not ALL of the data coming out of the US is massaged at best or fraudulent
at worst.

Let’s start
of with the first two points. The people on the mainstream financial media
channels talking about investing aren’t investors themselves. They’re not entrepreneurs
or businesspeople either. As such they have little if any actual experience in
the markets other than as observers (on the outside I might add).

However,
this doesn’t mean that they’re not very good at acting knowledgeable or convincing on camera. And this is where
things become confusing for viewers. Oftentimes the people speaking on camera is
so good at looking confident and
knowledgeable that you are tempted to believe what they say.

However, if
you listen closely to what they’re actually saying, it’s clear they do not
actually understand what they’re talking about. Yes, they have the right
vocabulary and have some basic grasp of the terms and relationships they’re
describing, but that’s as far as it goes.

Case in
point, when was the last time ANYONE reporting for a mainstream financial media
outlet pointed out that the US’s GDP, employment, and inflation numbers are an
absolute crock?

Name one
time a talking head addressed the fact that the Federal Reserve is chaired by a
guy who has absolutely NO understanding of finance or economics. Or that he’s
committed perjury, fraud, and outright theft.

I could go
on for another 12 pages, but you get the general idea. These people are nothing
more than front-people for large corporations that make their revenue from
advertising dollars (usually from the financial sector). Their salaries and
income are directly related to how
much money Wall Street wants to spend on advertising. That, and their
viewership, which is directly related to how high the market is (and the US
Government’s bailout of their bankrupt parent companies… which of course
results in them being objective in their reporting).

So don’t
expect to ever hear any of these folks tell the truth, which is that that the
market’s moves are in fact controlled by just three factors:

1)   The
Fed’s money pumps

2)   High
Frequency Trading Programs

3)   The
suspension of accounting standards and permission of endless fraud in the financial
system

Everything
else is simply peripheral issues at this point. Indeed, if you remove any of
these three key market props we’d be at sub-1000 on the S&P 500 in a matter
of days (if not hours).

We’ll go
there again at some point regardless, but don’t expect any of the guys on TV to
let you know it’s coming in advance. Did they warn about it in 2008?

On that
note, if you’re getting worried about the future of the stock market and have
yet to take steps to prepare for the Second Round of the Financial Crisis… I
highly suggest you download my FREE Special Report specifying exactly how to
prepare for what’s to come.

Make no
mistake, the Financial Crisis is not over. Not by a long-shot. Europe’s banking
system is collapsing, the Middle East is literally going up in flames, the
Japanese nuclear disaster is likely far worse than anyone’s admitting, and the
US stock market is showing a great deal of similarities to its performance
pre-the Crash of 2008.

My report
detailing how to prepare for another 2008 type event is called The Financial Crisis “Round Two” Survival
Kit. And its 17 pages contain a wealth of information about portfolio
protection, which investments to own and how to take out Catastrophe Insurance
on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).

Again, this
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and click on FREE REPORTS.

Prepare Now!

Graham
Summers

PS. We ALSO
publish a FREE Special Report on Inflation detailing three investments that
have all already SOARED as a result of the Fed’s monetary policy.

You can
access this Report at the link above.

Comments

[MiningJunkie]

Peter Schiff (as obnoxious as he is) has been dead on right-as-rain on the Fed-induced (translate: "Big Five Wall Street Bank-induced") Zimbabwification of the U.S. money supply and the coming Great Inflation. Go watch "Inside Job" five more times then throw up in the waste bin.

[espirit]

I only pretend to listen, actually all I'm looking at is Mandy's breasts.

[leathaface]

My favorite comment from the chuckleheads on the propaganda machine is, "No one saw this coming"  Fucking Ass Wipes! 

[Armchair Bear]

I like to watch old Peter Schiff videos on Youtube of him being laughed at predicting the housing bubble - and esp. him speaking at the Mortgage Brokers Assn's meetings.