The most important news story of the week is that the head of the NY Fed (number two guy at the Federal Reserve which is the regulator responsible for the banking industry) resigns for corruption after what looks like insider trading on a scale that dwarf's Martha Stewart's (click here). This is at the hear of the banksters empire responsible for the global financial crisis and for the fraud that is destroying millions of innocent worker's pensions.
AND YET...
It doesn't appear on the front page of any of these mainstream news web sites. They are so protecting of the actual powers running this country (the banksters) that they don't even cover this. Friedman will probably be able quietly retire even though he should be locked up for the corruption he has been up to his neck in.
The more I attempt to improve my investing by understanding what's really going on, the more radicalized I become.
The mainstream media is not there to inform you about what is important. It is there to distract you from what's really going on and to deliver your eyeballs to their advertisers. Both parties, all the big media including the big left and right mainstream commentary (and big talk radio) are mostly controlled by the real powers that be and exist to distract, not inform.
That's how I see it. And my change in perspective came only in the last two years, so its not that I'm a long-time nut-job.
MontyHigh, www.worldofwallstreet.us
[Does this make you want to visit www.stopthelooting.com?]
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