image
image image
AVA Investment Analytics

January 2014 Emerging Markets Forecast




AVA Investment Analytics

January 2014 US Stock Market Forecast (Dow Jones & Nasdaq)




AVA Investment Analytics

January 2014 Commodities, Currencies & Precious Metals Forecast




AVA Investment Analytics

Brazil Economic Analysis 2013




AVA Investment Analytics

November 2013 Commodities, Currencies & Precious Metals Forecast




AVA Investment Analytics

November 2013 Dow Jones & Nasdaq Forecast




AVA Investment Analytics

November 2013 Emerging Markets Forecast




AVA Investment Analytics

August Precious Metals and Commodities Forecast Video Update




AVA Investment Analytics

August 2013 Emerging Markets Forecast




AVA Investment Analytics

August 2013 Dow Jones & Nasdaq Forecast




 
Search:
Why No One Won A Pulitzer For Financial Reporting (Part 1)
Wednesday, August 5, 2009, by Stathis
Font

Amidst the biggest financial crisis since the Great Depression (if not ever) and the biggest Ponzi scheme ever, (the real estate-banking Ponzi scheme) not one of the 65 Pulitzer Prizes was awarded for coverage of the events surrounding the “financial crisis.”

Ironically, the media has yet to identify this crisis as the biggest Ponzi scheme ever, confirming their incompetence.

Disgraceful? Yes.

Surprising? No.

It’s all about content. It’s always been about content. Valuable content drives readers, listeners and viewers, which appeals to sponsors. Valuable content is highly treasured because it’s so rare today.

This relationship generates healthy revenues for newspapers and more business for their sponsors. But media executives disagree. They feel that the best way to secure healthy profits is by serving the interests of the guys who pay the bills; ad sponsors; this means corporate America. And for the financial media, it’s all about serving the agendas of the financial industry.

The problem is that the value of content with most U.S. newspapers has been in decline for many years. And now, media executives are realizing that content matters. Perhaps now they realize that ultimately, the audience pays the bills, for without an audience, there will be no money for ads.

It has only been since the widespread use of the Internet that many have discovered just how much newspaper content is slanted, biased, deceptive and irresponsible. The same situation exists with broadcast media. But soon, they will feel the effects of the Internet as online video content grows.

Prior to the Internet, America’s media moguls sought to seize even more control of the hearts and minds of Americans in order to satisfy the needs of their financial sponsors and political agendas. And they were successful.

Today, America’s mainstream media machine is primarily owned by a small group of men. And they don’t just own television networks or newspapers. They own television networks AND newspapers AND radio stations. This is why you get the same bull regardless where you turn.

This carefully guarded control has created a very dangerous form of censorship that few realize because America’s media industry puts out the same messages and rarely allows an open platform for the exchange of opposing viewpoints by credible experts. I know this from first-hand experience.

But the Internet is beginning to crash their party. Slowly but surely, the truth is coming out. Slowly but surely, more people are coming to know who I am and the value behind my content. Regardless who you speak of, from the media to the feds, they have all used their own methods to attempt to silence me. And I expect more to come as my audience grows. This is just one reason why I plan to leave America for good in the future. Perhaps you might also consider such a move; perhaps for other reasons.

When it comes to dishing out excuses for the demise of America’s very powerful and dangerous propaganda machine, media executives resemble Big 3 executives. Common to both industries, the excuse always lies with “the economy” or “the Internet.” It’s not “the economy.” Yes, it is the Internet; not the cost advantages though. The Internet has broken through the stronghold of the media monopoly.

The mainstream media no longer holds complete control of media distribution. We the people now have a say in distribution through the Internet. As a consequence, the truth is coming out. But you have to use your mind so you can spot sift through the smoke screens. If you’ve been following my writings for some time now, you probably already realize that I view myself as a substantial part of this movement.

I find it laughable that media executives and critics always come back to the Internet as the reason for their demise. All major newspapers have an Internet presence. When people are provided with an abundant variety of unbiased alternative media, they can see more clearly. They can spot the media spin and they run away for good.

In the end, the mainstream media won’t win because it’s always been about content; not lies and spins. But they will only lose if you wake up and realize how you’re being fooled.

Valuable content unattached to financial and political agendas is growing each day in cyberspace. Newspapers are the early casualties of this growing trend. Down the road, broadcast media will suffer the same consequences.

As I’ve been saying all along, the media is hiding the truth. But it goes beyond that. The vast majority of reporters lack sufficient understanding required to decipher the deception and fraud that continues to this today. Furthermore, most of today’s journalists are irresponsible, rarely verifying leads and never adequately researching track records of the so-called “experts” they interview.

Instead, they associate credibility with their media exposure. Instead, they play by the “follow the leader” mentality. Once one guy is interviewed on one network, the others interview him even when he’s clueless; even when he’s almost always wrong.

It’s not about being right. It’s all about providing you with entertainment. It’s also about exposure; flooding you with a name and face you recognize; name and face recognition rather than value; or so the media executives think. They mistakenly refer to this as being branded. It’s more like being flooded with trash.

This mentality explains why you still see countless shills like Ben Stein discuss investments on TV despite having one of the worst track records over the past few years. As you can imagine, this creates a perpetual loop of useless content. That’s why you see the same goofballs with horrendous track records being interviewed over and over.

You even see this type of behavior on the Internet, as bloggers try to attach themselves with “experts” quoted in the mainstream media as a way to draw an audience or to imply some form of credibility.

They also like to “catch a ride aboard the mainstream bandwagon” by giving book reviews from authors published by the same mainstream media machine – big publishers.  But these authors are the same guys who have sold out to broadcast and print media. It’s truly sickening, and it demonstrates these followers have no ability to think critically on their own. They are mere robots, not thought leaders. You need to recognize this pattern of behavior and stay away from this trash.

When you combine these elements, you get some harsh consequences for the media industry; bankruptcy. The newspapers are struggling to stay afloat not because the economy is bad, and not because they have no Internet presence.

The real reason for their demise is because people are tired of the lies, deception and incompetence. And now they have a choice. It's all about valuable content. And the mainstream media doesn't have it. They intentionally focus on serving their ad sponsors when determining content. And now they’re paying the price.

Media executives thought they could be successful by serving the financial and political agendas of their sponsors, but the verdict is in. Americans refuse to waste their time on lies and incompetent reporting.

This all brings me to the recent Pulitzer Awards; none of which went to any “professional” journalists covering the current economic mess. But understand this. If these awards were open to everyone, there would have been many awards passed out.

During the awards ceremony, Paul Krugman was mentioned for his so-called "prophetic columns on the economic perils."  Are you kidding me?  Krugman simply stated the obvious. 

What I find troubling is that he continues to avoid asking the really difficult questions and raising the most critical issues. Furthermore, he never addressed the real fraud by the Fed, Treasury and banking cartel. In fact, he hasn’t even made mention of the banking cartel. Krugman is no different than the other hacks in the media. You need to realize this. Stop being brainwashed by the liars in the mainstream media.

If you know too much and you speak the truth, you won’t get published or interviewed by any journalist because that would hurt their sponsors. This explains why Krugman is published by the New York Times and is seen on television, along with the others who appear to be on your side, but who really downplay things.

They aren’t on your side. At best, they’re Monday morning quarterbacks. At worst, they’re masters of deception, extremists, perpetual doomers, and snake-oil salesmen; Shiller, Schiff, Roubini, etc. Make no mistake. They have very little credibility. And they don’t deliver valuable content. If you read and listen to what they have to say, you’ll get burned.

If you think these guys truly know what’s going on; if you think they are addressing the real issues, you’ve been fooled. Always remember this. If you aren’t getting the full story, you’re being lied to. And if you’re spending most of your time giving interviews, you aren’t spending the time needed to know what’s going on. But you will fool the sheep, who’ve been brainwashed to equate media exposure with expertise.  

You need to understand that the media works with Wall Street and Washington to hide what’s most critical for investors. Only after it’s too late do they come clean. This is why the masses get slaughtered during bubble implosions. If they aired credible experts who had real insights with no agendas, the insiders wouldn’t be so successful in taking your retirement funds now would they.

Always remember this fact. You can never and will never receive any valuable investment guidance from anyone who deals in selling securities because they have a stake in pitching their own slant on things in order to boost their business.

Maybe if Wall Street Journal, Washington Post, New York Times and several other newspapers had not refused to publish my op-ed pieces, they might have actually won a Pulitzer (with editorial help of course) for coverage of the economic crisis. 

I find it ironic that at least one of the recent winners of the Pulitzer was laid off. If he/she had only won a Pulitzer for covering the economic crisis, I can assure you he/she would still be employed.

Part 2 continues here.

 

 

 

 

 

 

 

See Our Copyright Policy

Copyright © 2008-2013. 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.

Printing Version More On Media Deception

 
Education (most articles are restricted)   Focused Research
Asia
Asset Management
Commodities
Crooks, Liars & Idiots
Economics
Fundamental Analysis
Healthcare
Labor Market
Latin America
Media Deception
Mutual Funds
Precious Metals
Real Estate
Technical Analysis
US Markets
  Proof that Mike Stathis is One of the Top Investment Minds on Earth

2013 Mid-Year Global Economic Analysis (Video Presentation)

The Most Comprehensive Global Economic Report in the World

We recently released what we believe is the single most comprehensive and insightful global...

60 Stocks Poised for HUGE Moves

Next week we plan to release a special video presentation highlighting approximately 60...

Fundamental & Technical Analysis of Twenty Stocks Trading over $100

We have just released twenty (20) videos, each covering the fundamental and technical analysis of...

Economic Focus: Canada

In this report, we analyze Canada's economic health, its long term fiscal challenges and examine...

UK Economic Analysis: Housing and Banking Risk

Just released for subscribers of the Intelligent Investor is a 30 minute video presentation...

Telcom Analysis Video Presentation

In this 23 minute video, Mike discusses ways to play the AT&T/T Mobile deal, and summarizes the...

Investment Strategy Video Tutorial

We have just released an investment strategy video tutorial for subscribers to Dividend Gems. In...

Italy, France and Japan Economic Analysis

As a reminder, we released an economic analysis of Italy, France, Japan and the US in the October...

 
HOME     ABOUT     SERVICES     RESEARCH     LIBRARY     CONTACT

Terms and Conditions | Privacy Policy | Legal Disclaimers
Copyright (c) 2008-2014. AVA Investment Analytics. www.avaresearch.com. All Rights Reserved
Image