Let me give you a brief example how the entire media industry partners with these masters of deception. On Sunday September 2008, the Washington Post published an op-ed by one of the biggest Wall Street hacks around, Don Luskin.
I don’t want to subject you to the full extent of Luskin’s pseudo-intellectual babble, so I’ve deleted much of the article to spare you from further disgust. If you want to read the article in entirety, the link is posted. Let’s have a look…
By Donald Luskin
Sunday, September 14, 2008; B01
"Do a Google News search for "since the Great Depression," and you come up with more than 4,500 examples of the phrase's use in just the past month.
But that doesn't make any of it true. Things today just aren't that bad. Sure, there are trouble spots in the economy….None of this, however, is cause for depression -- or exaggerated Depression comparisons."
Luskin goes on to quote data from industry shills; data that has been consistently wrong; data from the Mortgage Bankers Association, the National Association of Realtors, Washington, and the FDIC.
Then he has the nerve to claim those of us who realize America is in a recession are making up our own definitions of a recession for political reasons. It’s more likely that Luskin is projecting.
Luskin closes by what will surely end up being a famous quote for historians when he suggests “we're on the brink of accelerating prosperity.”
Decide for yourself about Luskin’s agendas and his credibility. Real analysts and researchers don’t take government and industry data at face value. Only fools or those trying to manipulate your mind do.
I could pick apart every sentence easily, but for lack of time I’ll let you do that. Do yourself a favor and email this hack email@example.com and let him know what you think.
Ask them why they continue to publish clueless hacks with horrendous track records, yet refuse to publish me – the expert with the leading track record throughout this mess.
Alternatively, you might want to ask why the New York Times refuses to publish my op-eds but continues to publish Ben Stein, another clueless sap with an abysmal track record.
Readers want valuable content, not lies. And they have no time for idiots. Readers want valuable and timely guidance, not propagation of manipulated economic data devised by government hacks.
Ask them why they will publish complete BS from a Wall Street hack but not accurate insights from the leading expert on the crisis who has no agendas. You might want to tell them where to go. You can decide for yourself how to voice your views with them.
Once you realize that the media is just as responsible for this mess as Wall Street and Washington, you might find yourself telling them a lot more. By now, if you don’t understand the full magnitude of the media’s role in this mess, God help you.
You really should read the comments posted on the Post article. Luskin took a good beating from 99.9% of those who posted. The very small handful of others represented clueless saps clinging onto their fight for McCain. They allowed their political loyalty poison their minds.
Luskin doesn’t even have a college degree, yet he’s on the bubble network, positioned by these crooks as an expert, pumping propaganda out to the sheep; a perfect fit. I suppose it’s fitting since Larry Kudlow doesn’t have an economics degree, yet he calls himself an economist.
Note the Washington Post, NY Times, and many other newspapers refused to publish my op-eds because I was critical of the Wall Street and economist shills. And you think America has no censorship? Think again. Censorship is alive and well.
The next day after Luskin’s op-ed was published, Lehman Brothers filed for bankruptcy and Merrill Lynch announced a buyout by Bank of America. What they didn’t tell anyone was that the Fed and Treasury held emergency meeting all weekend with Lehman and Bank of America and essentially twisted Lewis’ arm to buy Merrill because the financial system was about to collapse. See here.
Two days later, the announcement was made that AIG would be bailed out by the government.
Perhaps you’re wondering why AIG was spared while Bear Stearns, Lehman and later Washington Mutual were thrown to the lions? Remember that the Secretary of Treasury at the time was Henry Paulson, former CEO of Goldman Sachs. The fact is that if AIG was not bailed out, Goldman stood to lose billions of dollars in CDS obligations. And we certainly couldn’t have that.
Only now is my assessment about the BAC/MER deal being confirmed. This is why I’m so bored with the financial news headlines…they’re so behind the curve.
In my opinion, Mr. Paulson is one of many officials from the Bush administration that belongs in prison. But the media has engaged in a huge cover-up. And the financial media has loved Madoff’s Ponzi scheme because it’s enabled them to distract attention away from much bigger criminals.
I just have one question remaining. How much longer are you people going to take his crap? Are you all really that weak and beaten down? Are you really that pathetic to allow the continued abuse and exploitation by Wall Street, Washington and their partner in crime, the mainstream media?
Don’t you think it’s about time to get up off of your brainwashed bottom, turn off your TV, toss it in the trash and call your congressmen non-stop. Don’t you think it’s about time to let go of your Obama fairy tale fantasy and start using your eyes to see the reality?
Email President Obama and tell him to stop being a hypocrite and take control over the White House instead of taking orders from his dangerously incompetent advisers. Contact the SEC and tell them to start doing their job, which includes sending these crooked banking executives to prison and shutting down CNBC for stock manipulation.
Tell them you plan to contact the Department of Justice (which is supposed to oversee the SEC), and then do it. Demand that DOJ get the SEC’s act in gear. If you do not do this, then you will be partly to blame for America’s permanent demise.
I continue to face censorship by the mainstream media, and even certain online websites that post my articles have engaged in a kind of “soft” censorship using subtle tactics to deemphasize my commentaries, while highlighting those of people with little credibility, snake-oil salesmen, gold and currency manipulators, or simply clowns trying their stab as “Joe pundit.” In most cases, these individuals provide no valuable content. They copy the ideas of others or rehash the news.
There are many more. Also there are many websites that support some of the idiots on CNBC and and/or on these sites, more often because they are too naïve to realize they have been fooled. Stay tuned, because I plan to go public with my personal stories about each of these websites so you can see the real deal.
See Our Copyright Policy
Copyright © 2008-2014. AVA Investment Analytics, LLC. All Rights Reserved.
Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.
These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.
Article 19 of the United Nations' Universal Declaration of Human Rights:
Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
More On Media Deception