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MSM Gets Even More Dire

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posted on Jun, 8 2010 @ 08:50 AM
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We saw this phenomenon (as I like to think of it) in the run up to the 2008 credit crash. And now we're seeing it again.

The Mainstream Media -- via who they chose to interview -- has become very dire and pessimistic on the global economy again. This does not bode well for our so-called "recovery."

To me, MSM's attitudinal adjustment came today with this story, in which a fund investor publically called for people to buy "barbed wire" and guns.




“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” said Anthony Fry, senior managing director at Evercore Partners.


Goldman Sachs - one of the architects of doom - recently came out with a report detailing the 10 signs that point to a sinking economy.



O'Neill's first factor is the fiscal issues facing the euro zone and the battering that many of its debt-laden countries are getting in the bond market. The euro zone's fiscal and debt situations aren't as bad on an average basis compared to other counties such as the U.S. and Japan, according to O'Neill.

"Japan’s is much worse. Many think that the (European Monetary Union's) fiscal position is just a 'warm up' act for the real stuff coming up," he said.


Even Bloomberg is in the act, reporting on the Chicago economist who predicted the credit meltdown and number of years ago, and who continues to feel we're making the same mistakes by increasing credit availability, and thereby creating bubbles. His thesis, interestingly, focuses on technology and education. Tech advances have been so blinding fast, the average American worker's skills haven't been able to keep up. Couple with an increase in college dropout rates, and you have a growing under-educated class who needs cheap credit to survive. And our government will continue to feed that class since votes depend on it.

We even have economists who liken survival strategies for today's economy with that of a zombie holocaust. And by viewing it as such, you need to leave many economies to their fate and only support the strong.



According to Colas, policymakers have been trying to do too much by socializing losses among taxpayers over generations.

While this may be harmless on the surface, as it “spreads the pain”, it destroys market confidence (indicative by the equity market sell-off, and flee from euro zone assets in recent weeks.)

Instead, Colas argues that policymakers should be fending off financial crises like they would fend off a zombie attack: save those people you can, and resign many to die.

"Slowly rebuild the core population, and take back ground over time," Colas wrote.


This is just a snapshot - a single day - of bearish economic sentiment written in ways I think would have been considered heresy even five years ago among main stream media and economists. Now, there appears to be a oneupsmanship taking place among economists of who can sound more bearish. And comments like "buy barbed wire" that would have been found among the edgy extreme bear economists outside the establishment and ignored by the press at large are now becoming the norm.

This is what frightens me today. This, to me, is a clear indication that we're going downhill again.

And for those still skeptical, I have one more piece of evidence that shows I'm right:

Fed's Bernanke Sees Recovery Gaining Steam.

We're DOOMED.




posted on Jun, 8 2010 @ 10:00 AM
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Haha! whenever you hear Bernanke say we're on the road to recovery you know we're f*d
interesting read.



posted on Jun, 8 2010 @ 10:05 AM
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Even Germany is setting up an austerity plan... and cutting jobs..
that kinda sums up for me how the markets really are and the other news just adds background noise to what we all, already know... we are up the creek.. no investment in new jobs or industry = stuffed..



posted on Jun, 8 2010 @ 10:12 AM
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I'll just add this link with a great synopsis and substantiating links from MSM sources:

neithercorp.us...


The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy”, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Events in the EU, however, are only a glimpse of the greater and more imminent threats we face in the near future. In this article we will look at some of the latest and most disturbing moves by governments and financial institutions, as well as tell-tale signs in our own local cities, which signal that a full-spectrum collapse of world markets and possibly our own currency is not only in progress, but nearing completion.


I'm getting that familiar feeling again like I did in 2008...only now we have spent so much money faking a recovery, how could we possibly BS our way out of collapse again? I'm also wondering if this is the reason for the lack of any real action in the Gulf - there's just no money to pay for it.



posted on Jun, 8 2010 @ 11:57 AM
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The mainstream media is undoubtedly in the hands of TPTB. So they are telling us what they "want" us to believe. The economy is largely managed by "perspective" presented in the MSM.

Apparently, TPTB want to see a downturn in the global economy, probably because they have short positions all over the place, and will profit enormously from the downturn. Whether or not this is the final stage of a global economic collapse remains to be seen. They are going to milk the situation for as long as they can, to vacuum up real wealth in exchange for their funny money, prior to pulling the plug. But make no mistake about it, the economy is heading for the cliff. Its not a question of "if" its only a question of "when" the entire global economy goes down the tube.



posted on Jun, 8 2010 @ 12:10 PM
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When economic SHTF in 2008, they used taxpayer funds to bailout the Corporation.

Today, the Corporation is alive and well, and got back their riches in cash and gold, so its time to let the masses starve and fend for themselves, while these animals flee to secure shores and protect themselves.

Throw bones at us infact, to get us forget about economic woes as we religiously, racially and socially bicker and fight amongst ourselves, culling us off in the end, unaware brother against brother, innocent families against families....

If the masses ever awakens fully as some already are, the NWO will not escape its wrath, and it will be bloody, thus the many unsuccessful diversions by them to lay blame upon in this times....



posted on Jun, 8 2010 @ 12:24 PM
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..

even Z. Brzezinski, who is at this years Bilderberg
raises his concern that the masses are 'Awakening'...
which makes the progress of a NWO more difficult.



posted on Jun, 8 2010 @ 01:51 PM
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reply to post by St Udio
 


I hear you, my friend. But do you really think there's any eventuality 'they' haven't planned for?..



reply to post by behindthescenes
 


Numbingly frank articles. Good post. Coupled with reading between the lines and joining the dots.



“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” said Anthony Fry, senior managing director at Evercore Partners.

I can honestly say this is the very first time I've considered taking a really good look at the Survival forum. There just comes a point when you start to wonder how 21st century westerners will cope in the face of Great Depression II.



posted on Jun, 8 2010 @ 02:14 PM
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if you wanna hear some good news about the economic recovery just check the newspaper from a country that it's about to have some sort of elections

But the sad part is that after the elections the news from the same newspaper and the same people interviewed will be bad again saying : "we didn't knew that the international context was going to develop this way"



posted on Jun, 8 2010 @ 02:30 PM
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reply to post by kosmicjack
 




there's just no money to pay for it.


The US Government cannot "run out of money" like, say, Greece. The US has Monetized a huge portion of the finances it took to do the bailouts.. effectively, we can monetize ourselves to the point it takes $200 to fill your gas tank and still be operating the economy in an absolute survival mode in efforts to void debt. Monetization is a desperate act, and the Fed claims they refuse to do it for a second round.. but I believe fiscal and political pressures will force their hand.

But just so we are clear, the slow response in the gulf was simply ignorance of the situation, and arrogance of the "I can do no wrong" mentality of the Administration.



posted on Jun, 8 2010 @ 02:38 PM
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reply to post by Rockpuck
 


I understand what you are saying.

More specifically however, I guess I was referring to the local city, parish, county and state governments who are just watching the oil come ashore rather than mobilize any significant mitigation efforts.

Why is that? I suspect it's because they are broke. Like California or New York.



posted on Jun, 8 2010 @ 03:35 PM
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We are fine.

We could stage another round of bailouts for every European country in need and still be fine.

It is because we are

1) Reserve Currency

2) Military Power

The 2nd being unfortunate for the next country we invade. As long as we can create a fake reason to invade countries for oil and resources none of this matters.

And also, to the OP, you should trust Ben B. over any other source. The rest are all talking because they have an agenda. Especially the hedge fund manager.. god it is in their blood, they have to lie. See Jim Cramer.



posted on Jun, 8 2010 @ 04:11 PM
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reply to post by Rockpuck
 


Yes they can run out of money.

If enough money is printed to fulfill obligations, the people will wonder what the point of taxes are if the government can just print it all up. Once people start refusing to pay taxes en masse, the government loses ALL control.



posted on Jun, 9 2010 @ 01:04 AM
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Originally posted by GreenBicMan
We are fine.

We could stage another round of bailouts for every European country in need and still be fine.

It is because we are

1) Reserve Currency

2) Military Power

The 2nd being unfortunate for the next country we invade. As long as we can create a fake reason to invade countries for oil and resources none of this matters.

And also, to the OP, you should trust Ben B. over any other source. The rest are all talking because they have an agenda. Especially the hedge fund manager.. god it is in their blood, they have to lie. See Jim Cramer.


That is your truth as based upon your belief systems and comprehension level. I too would like to share such optimism, but unfortunately, we have to face up to realities of the current situation inorder to find solutions to progress so that NONE gets left behind.

It is true that the Dollar is a reserve currency, but WHAT is backing up that dollar? Gold deposits, physical infrastructures, human capital?

Each time the Feds print a dollar to finance debt, it mean Americans losing a part of their heritage and freedom, for such debts taken out must be returned in kind. Someone who accepts that dollar will want a return on it.

For simple example so that more may understand;-
The famous Route 66 had been built and funded by taxpayers. It is an asset as it gives convenience for travel and economic transportation. Should it be 'privatised', toll booths would be set up and everyone charged for it, generating much revenue.

The Feds see Route 66 as an asset, calculated its value worth, lets say 20 billion for 10 years on toll charges revenue. It prints $20 billion and circulates such money, using Route 66 as the colateral.

Should the US govt use this $20 billion and squanders it on non value returns such as military adventures, and goes broke, Route 66 belongs to the Feds. And the Feds are made up of private individuals.

It will be these private individuals whom will dictate policies to the puppets in govt on how they will get their returns. Higher toll charges, lower salaries to maintain workers, cutting corners on maintenance, which the govt will have to close one eye to, as Route 66 belongs to private enterprise.

Extrapoliate that to the many assets US have including the military, and you will see a pattern emerge of private individuals controlling much of US assets and policies, of which had been built upon the blood. sweat and toil of our forefathers, and robbed by the rich barons in the early 19th century by introducing debts as a way of life. The path of enslavement began then.

Today, we see such manipulations by these barons as they no longer wish to spend further to create research and economic activities, and demanded their puppet govts to cut social spending, and let the masses starve and rot.

If you think you are free, think again. You and I are nothing more than expendable slaves to these selfish barons. At times like these, I wonder if what Mao did was right in eliminating the rich class when he swept into power, and took over their ill begotten gains.

It was just too bad he allowed absolute power to corrupt his ego to megalomanical status and ended up destroying even more humans.

If the selfish rich wishes to throw bones at us to unleash the dogs of war into the world, then we as the masses must throw awareness stones back at them to let them know humanity knows what these animals are doing. When push comes to shove, no one wins...



posted on Jun, 9 2010 @ 01:31 AM
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reply to post by SeekerofTruth101
 


The dollar is backed by the full faith and credit of the US Gov.

The rest of your post is hard to follow and goes in many tangents. If the dollar blows up so does the gov. So you will not have to worry much about the roads because there will be nothing to pay for it with.



posted on Jun, 9 2010 @ 01:54 AM
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reply to post by SeekerofTruth101
 


Don't bother trying to explain reality to GreenBickMan, he's obviously a paid NWO disinformation agent, and not a very smart one at that.



posted on Jun, 9 2010 @ 04:17 AM
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reply to post by kosmicjack
 


Now THAT would make more sense. So far though there seems to be an unlimited tab created by the Government that any and all services are paid for by the Federal Government since it was declared a National Emergency, which gives federal dollars to local agencies.

Also BP has to pay for most of the cleaning as it happens, which so far has run something like 900 million, and then every city and state can, and will, sue BP for everything from lost tax revenue to service expenditures.

For the most part, I believe local towns, counties and parishes are completely unequipped to manage an oil disaster. I don't blame them. States its slightly better, but again, it's not something they prepare for. The Federal Government with FEMA and the Army Core of Engineers have more than enough equipment, supplies and funding to manage the entire disaster across many states.. so far they seem to be doing a halfarse job, leaving it to the corporation that made the mess, which has proved to be a conflict of interest.



posted on Jun, 9 2010 @ 10:05 AM
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I have a simple solution: disenfranchise the uneducated lower class, let them become peasants again, and then you won't need to buy their votes; just shoot them!



posted on Jun, 9 2010 @ 10:26 AM
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Originally posted by GreenBicMan
We are fine.

We could stage another round of bailouts for every European country in need and still be fine.

It is because we are

1) Reserve Currency

2) Military Power

The 2nd being unfortunate for the next country we invade. As long as we can create a fake reason to invade countries for oil and resources none of this matters.

And also, to the OP, you should trust Ben B. over any other source. The rest are all talking because they have an agenda. Especially the hedge fund manager.. god it is in their blood, they have to lie. See Jim Cramer.


We are fine?
I hardly think so!
Let the gov't keep printing money that it has ABSOLUTELY nothing to back it up with.
All we are doing is printing more debt.
Bernanke knows it and he knows the FED makes money off printing more paper.
Of course he is saying everything is going to be okay.

Yes, according to our system, the dollar is backed by the faith and credit of the US gov't.
Ha! I'll write on a piece of paper $100. Give it to you and say it's backed by my good credit.
That is not saying much, because again, this is not a physical backing like gold or silver.
Based on the credit from what?
They won't even let us open the books in the FED to check the numbers! (Audit the Fed)

What would they do, hypothetically speaking, if we stopped paying taxes?
That's the real question.

To say that we are OK is to say that when they disposed of the Gold Standard, it was a good move.
Or to say that the invention of the Federal Reserve was a step in the right direction.
That, my friend, is when it all started down-hill.

We all know something is brewing.
I think everyone in this forum and across the nation has a gut-feeling.


We need to push the reset button.






posted on Jun, 9 2010 @ 10:36 AM
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I spent a half hour or so this very morning responding to yet another of what seems like an endless number of "look!!the economy is improving" smokescreen stories printed on Yahoo.


Im not sure who they are really trying to convince, because it certainly isn't fooling anyone who is out here in the real world experiencing this economic death spiral first hand.


They still don't mind firing up the old propaganda machine at least two or three times a day like clockwork, trying to sell the same line of pie in the sky b.s to whomever will waste the time to read it.


Mainstream news outlets cannot be trusted, they are the sort who will stand next to you while your house is burning down and tell you that come winter time you will save money on heating costs.

Liars, the whole lot of them.



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