Best of the Week
Most Popular
1.Oil Wars 2016 - US vs Russia vs Saudi Arabia vs Iran - Nadeem_Walayat
2.Crude Oil Price Crash Triggering Global Instability, Trend Forecast 2016 - Nadeem_Walayat
3.Stock Market Crash - Last Week was The 2nd and Final Warning... - Clive_Maund
4.Stock Market Crash Apocalypse or Bull Market Severe Correction? - Nadeem_Walayat
5.TShipping Said to Have Ceased… Is the Worldwide Economy Grinding to a Halt? - Jeff_Berwick
6.Crude Oil Price Crash Catastrophe, Independant Scotland Literally Begging to Rejoin the UK - Nadeem_Walayat
7.Summers: Global Economy Can't Withstand Four 2016 Fed Hikes - Bloomberg
8.Gold And Silver: New World Order: Public Be Damned, Preferably Dead - Michael_Noonan
9.Rigged U.S. Ttreasury Bond Market Double Barreled Hidden Q.E. To Infinity - Jim_Willie_CB
10.Major Stocks Bear Market Awakening - Zeal_LLC
Last 5 days
It's Stock Market Panic Time! - 9th Feb 16
Gold Stocks Picks for Patient Pickers - 9th Feb 16
Oil Price Collapse U.S. Recession Odds 2016 - 9th Feb 16
Preparing for Crisis - It's About Risk Mitigation and Capital Preservation - 9th Feb 16
Top Silver Mining CEO: Don't Laugh, We Could See Silver $100+ - 8th Feb 16
Gold, Investment Leadership Changes Permanent? - 8th Feb 16
Stock Market Panic Decline Begins... - 8th Feb 16
How to Save Money By Growing Your Own Homegrown Tomatoes Indoors From Seeds - 8th Feb 16
US Economy Slides One Step Further Towards A Recession - 8th Feb 16
Gold Bear Market Bottom : Mr. Bear has left the PM Sector for Greener Pastures - 8th Feb 16
Stock Market At Important Support - 8th Feb 16
David Cameron Humiliated in Poland Over Refusal to Stop Taking UK Benefits, BrExit or Super State? - 8th Feb 16
Why Crude Oil Prices Could Continue FALLING From Here - 7th Feb 16
Stock Market S&P, NAS Best, Most Reliable Answers Come From The Market And You - 7th Feb 16
Stocks Bear Market Continues - 7th Feb 16
Silver COT Paving Way for Sustained Upside Breakout Sharp Rally - 7th Feb 16
US Dollar Double Top, Gold Prospects Brightening Rapidly - 7th Feb 16
Gold And Silver - Is A Bottom In? Nothing Confirmed - 7th Feb 16
Gold Stocks Something has Changed - 6th Feb 16
UK Interest Rates, Economy GDP Forecasts 2016 and 2017 - 6th Feb 16
Gold Price, Mining Stocks Rocket Higher - 5th Feb 16
Crude Oil Price Bottoms and Blues - 5th Feb 16
Gold and Silver: Ripe for a Recovery! China May well Change the Game - 5th Feb 16
How Pension Plans are Responding to Financial Repression - 5th Feb 16
Senior Gold Producer Goldcorp Takes Large Stake in Nevada's Gold Standard Ventures - 5th Feb 16
Tips for Smart Oil and Natural Gas Investing 2016 - 5th Feb 16
Another Corporate Giant Is Leaving the U.S. – What This Means for You - 4th Feb 16
TPP is Economic Warfare, Trade Can Make Everyone Worse Off / Governments are Stupid - 4th Feb 16
Gold and Stock Markets Inflection Points Galore - 4th Feb 16
Putin Cries Dyadya (Uncle), Is Saudi Arabia Listening? - 4th Feb 16
Gold Price Golden Bottom? Video - 4th Feb 16
Look North for Value-Priced Growth in Healthcare Biotech Stocks - 4th Feb 16 - TLSReport
BrExit EU Referendum - Britain's FINAL Chance for Freedom From Emerging European Superstate - 4th Feb 16
HUI Now Confirming Gold Price Move Higher - 4th Feb 16
Crude Oil Price Forecast 2016 As Good As It Gets - 4th Feb 16
Gold and Silver More 'Flight To Safety' Active February - 3rd Feb 16
Raytheon Company: A Defensive Stock for a Defensive Market - 3rd Feb 16
Is Silver Really a Weak Link - 3rd Feb 16
Gold to Beat Stocks 2016? - 3rd Feb 16
David Chamberlain Cameron, Britain's Last Chance for Freedom From Emerging European Super State - 3rd Feb 16
EU UK Draft or Daft Agreement By Donald Tusk to Members of the European Council in Full - 2nd Feb 16
Europe: Why It's Going to Get a Lot Worse Before It Gets Better - 2nd Feb 16
The Next Generational Bust Is Coming, Stock Market 70% Collapse - 2nd Feb 16
The Coming Stock Market Decline May be a Monster - 2nd Feb 16
S&P 500 Has Likely Entered a New Bear Phase - 2nd Feb 16
How and Why To Move Your Assets Offshore Before the Financial Collapse - 2nd Feb 16

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Global Financial Crisis 2016

At Years End: Look Back At The News of 2012

Politics / Mainstream Media Dec 30, 2012 - 10:19 AM GMT

By: Danny_Schechter

Politics

New York, New York: The TV Networks are hard at work in this last week of the year recapping their best footage to remind us where we’ve been.  Researchers are combing the archives to find the best images for their annual greatest hits “package” which usually ends with a photo-montage driven by music of the politicians, entertainers and personalities who died in 2012.


As we watch, we ooh and ah and remember calamities that struck us like that well-named “Franken (for that movie monster Frankenstein) Storm” Sandy and the shooting of the children at Sandy Hook in Connecticut. They will replay the 2012 presidential elections that bring us to the stalemate we are stuck in,  what’s been labeled the “fiscal cliff.”

Oh, you know what else they will show---the year of I-Phone 5 and I-Pad 3, the Olympics, and Gangham Style. We will hear about Kate Middleton ‘s rise and Whitney Houston’s demise and the ups and downs of the Chinese-American basketball player Jeremy Lin.

When it comes to the world, there will be a reference to the war on Iran that wasn’t, and the war that is ripping Syria apart. We may hear about China’s new leader, the mess in Mexico and Hugo Chavez’s electoral victory and battle with cancer. The deaths in Gaza will be omitted.

There is unlikely to be any mention of the stories chosen by the Miami Herald’s Andreas Oppenheimer who reminds us of a July 16 news report from Kuala Lumpur that negotiations for the completion of the Trans-Pacific Partnership trade agreement, which could become the world’s biggest and most ambitious deal of its kind, could be concluded by October 2013.” What are its implications? Who stands to benefit? Who will lose? That’s not even in the news yet.

Or, “The Nov. 25 vote in Catalonia, Spain, in which about 70 percent of the people voted for parties that support a referendum for independence of the rich northern Spain region, triggering a chain reaction of secessionist moves in the 27-country European Union. Many fear that if Catalonia secedes from Spain, Corcica and the Basque region may seek independence from France, Scotland may split from Britain and Flanders and Wallonia from Belgium, among others. Economic turmoil could be followed by political chaos in Europe.”

All of this was so awful that many us almost looked forward to those Mayan prophecies of the world ending.

Those of us who hoped the Obama reelection might usher in a little more justice and equality remain disappointed. Those of us who longed for a change we could believe in then took to the streets to try to create it,  only to confront the power of the police state---the NYPD, FBI et. al. Only now, with the disclosure of new documents, do we have a hint of how we were spied upon and lied to.

All of our “news” deals with specific stories and events---not trends and less visible forces that drive our economy and political system.  We hear about issues, not interests. The newscasts lack context, background, analysis and interpretation. They are there to dumb us down, not smarten us up.

What the big banks do and don’t do are treated in terms only of discrete deals, not their role as channels of the influence of the one percent. It’s not news when regulators don’t regulate or when industries “capture” the officials meant to restrain them.

Guns in America are in the news, but not our vast armament industry that sells weapons including new drone systems, worldwide. Our country is  always pictured domestically as “the homeland,” a phrase used first in Germany in the 1930’s and in South Africa decades later. We see ourselves a nation while much of the world sees us as an empire.

As for the economy, all the talk of tax and trade policies soar over most  people’s heads as the business publication Wealth Daily reports in warning that major pay cuts are coming:

“Now that the very basic taxation and revenue proposals are converging in the fiscal cliff talks, politicians are fielding some entitlement program revisions….
The changes are seemingly minute. On paper, we're just going to have an even exchange between obscure equations that are basically similar.

But that's the whole point: If the general public can't understand it, they don't pay attention to it. If they don't pay attention to it, they won't punish politicians for it.”

The odds are that that the Libor conspiracy that manipulated trillions will be overlooked. Too hard to explain in ten seconds!

Increasingly, the most important underlying issues are found in the movies, in fiction, not “faction,” and certainly not on TV News.

In theaters now, we have a choice between two views of the impact of slavery in America: Spielberg’s Lincoln and Tarrantino’s Django Unchained. One focuses on corrupting the Congress to outlaw slavery and the other on the brutality of slavery on the slaves. The former traces a top-down reform as a mater of Constitutional theory, the latter, shows a bottom-up armed revolt against ugly racism.

The movie version of the musical, Les Miserables, tells the story of the failed French Revolution in song, its barricades, not its values. Argo, meanwhile,  briefly cites the reasons for the Iranian revolution but then celebrates the role of the CIA in rescuing Americans from it while reinforcing American hostility.

The film Zero Dark Thirty shows how the CIA tortures far more graphically than TV News ever did, but, then, it turns a pretty CIA analyst obsessed, not with capturing bin Laden but killing him, into a hero.

The movie doesn’t have the guts to condemn state supported death squads and torture explicitly, and may even got the story wrong because what they call  “enhanced interrogation” was not the critical element in finding him according to the CIA itself, US Senators and many experts. One interesting casting choice was to have the actor who played Tony Soprano, the mafia boss, on TV, to portray Pentagon chief Leon Panetta.

This holiday season is not a very cheery time in America what with a political stalemate in Washington, parents mourning the deaths of young children slaughtered in their classrooms, storms savaging the Mid West and East, and the certainty of a  less than rosy future awaiting us in the next year where the only option seems to be  more austerity at home, more foreign intervention in wars abroad, and talk of a new global recession.

If there is a “zeitgeist, it’s not one of optimism. This is an angry and deeply polarized country in a world that seems to be imploding.

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

© 2012 Copyright Danny Schechter - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Biggest Debt Bomb in History