Thursday, May 24, 2012

 
 
 
 
 
An incredible – and controversial – take on unemployment, debt, and the "real" economy
Advertisement
Monday, February 06, 2012
Text Size: increase text size decrease text size

From Washington's Blog:

The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills, and the critical thinking analysts.

What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. Their America is all about feelings. Are we confident? Are we bullish? Are we optimistic about the future? America has turned into a giant confidence game. The governing elite spend their time spinning stories about recovery and manipulating public opinion so people will feel good and spend money. Facts are inconvenient to their storyline. The truth is for suckers. They know what is best for us and will tell us what to do and when to do it.

The false storyline last week was the dramatic surge in new jobs. This fantastic news was utilized by the six banks that account for 80% of the stock market trading to propel the Nasdaq to an eleven year high and the Dow Jones to a four year high. The compliant corporate press did their part with blaring headlines of good cheer.

The entire sham was designed to make Joe the Plumber pull out one of his 15 credit cards and buy a new 72 inch 3D HDTV for this weekend's Super Bowl. When you watch a CNBC talking head interviewing a Wall Street shyster realize you have the 1% interviewing the .01% about how great things are.

What you most certainly did not hear from the MSM is that...

Read full article...

More on the economy:

The three developments that could set off a real bull market

New data show the Fed's huge inflation could now be spilling into the economy

If the U.S. and Europe would follow their own simple rules, our economies could BOOM

Topics: Economy | Government_Outrage | Inflation
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.