Mainstream media – why are they so dumb?

To quote Mish again, “The rise of the Five Star [political] Movement in Italy is the number one happening in Europe right now and mainstream media has not even begun to cover it in any depth.”

The mainstream media consists of reporters. I know you know that. Stay with us now. Reporters cannot handle more than two competing topics at a time, otherwise their heads explode.

Therefore, they can only see two things at once. Left, right. Republican/Democrat. Employer/worker. etc. So they’ll never see a legitimate third or fourth force until it comes to power, knocking off the former number two.

Remember years ago when Vicente Fox won the presidency of Mexico? I searched everywhere and couldn’t find out anything about his political party – PAN. It wasn’t the Left or the PRI, so it was ignored by all the media. This is why the Greens, the Libertarians, and other third party efforts are ignored, until they become a threat to the two main, recognized parties.

Finally, and this is coming from a professional reporter, 90% or more of all reporters are leftists/statists. The above-referenced banksters/corporate people only care about making money. Aside from trying to get their taxes lower, they have no political agenda. We know some of you don’t believe that, but it’s true.

They’ll allow anything to be covered that they think will accomplish that goal. Period. That’s why we’re getting weather crises, celebrity murders and gang shootings. Makes more money than a careful, easy to understand analysis of a local budget.

Ist das klar?

Investment lesson: don’t believe the mainstream media. Don’t read or listen to them – they’ll plant ideas in your brain and you won’t know where those ideas came from, but you’ll be convinced those ideas are accurate.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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