Best of the Week
Most Popular
1.The Brexit War! EU Fearing Collapse Set to Stoke Scottish Independence Proxy War - Nadeem_Walayat
2.London Terror Attack Red Herring, Real Issue is Age of Reason vs Religion - Nadeem_Walayat
3.The BrExit War, Game Theory Strategy for What UK Should Do to Win - Nadeem_Walayat
4.Goldman Sachs Backing A Copper Boom In 2017 - OilPrice_Com
5.Trump to Fire 50 US Cruise Missiles To Erase Syrian Chemical Attack Air Base, China Next? - Nadeem_Walayat
6.US Stock Market Consolidation Time - Rambus_Chartology
7.Stock Market Investors Stupid is as Stupid Goes - James_Quinn
8.Gold in Fed Interest Rate Hike Cycles- Zeal_LLC
9.The BrExit War - Britain Intelligence Super Power Covert War With the EU - Nadeem_Walayat
10.Marc Faber: Euro to Strengthen, Dollar to Weaken, Gold and Emerging Markets to Outperform - MoneyMetals
Last 7 days
Financial Markets Improvised Explosives - 27th Apr 17
More Stock Market Short-Term Uncertainty As Stocks Get Close To Record High - 27th Apr 17
Elliott Wave Theory: Is Elliott’s Theory Enough? - 27th Apr 17
Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is “Terrifying” And He Is Right - 26th Apr 17
The Great BrExit Divides - Britain, USA and France - 26th Apr 17
10 Facts That Show Our Taxes Are Worse Than You Thought - 26th Apr 17
What Trump’s Next 100 Days Will Look Like - 26th Apr 17
G20: SURPASSING THE 2nd GLOBAL STEEL CRISIS - 26th Apr 17
What A War With North Korea Would Look Like - 25th Apr 17
Pensions Are On The Way Out But Retirement Funds Are Not Working Either - 25th Apr 17
Frank Holmes : Gold Could Hit $1,500 in 2017 Amid Imbalances & Weak Supply - 25th Apr 17
3 Reasons Why “Spring Forward, Fall Back” Also Applies To Gold - 25th Apr 17
SPX may be Aiming at the Cycle Top Resistance - 25th Apr 17
Walmart Stock Extending Higher - Elliott Wave Trend Forecast - 25th Apr 17
Google Panics and KILLS YouTube to Appease Mainstream Media and Corporate Advertisers - 25th Apr 17
Gold Price Is 1% Shy of Ripping Higher - 25th Apr 17
Exchange-Traded Funds Make Decisions Easy - 25th Apr 17
Trump Is Among The Institutionally Weakest National Leaders In The World - 25th Apr 17
3 Maps That Explain the Geopolitics of Nuclear Weapons - 25th Apr 17
Risk on Stock Market French Election Euphoria - 24th Apr 17
Fear Campaign Against Americans Continues Nuclear Attack Drills in New York City - 24th Apr 17
Is the Stock Market Bounce Over? - 24th Apr 17
This Could Be One Of the Biggest Winners Of The Electric Car Boom - 24th Apr 17
Le Pen Shifts Political Landscape- The Rise of New French Gaullism  - 24th Apr 17
IMF Says Austerity Is Over - Surplus or Stimulus - 24th Apr 17
EURUSD at a Critical Point in Wave Structure - 23rd Apr 17
Stock Market Grand Super Cycle Overview While SPX Correction Continues - 23rd Apr 17
Robert Prechter Talks About Elliott Waves and His New Book - 23rd Apr 17
Le Pen, Melenchon French Election Stock, Bond and Euro Markets Crash - 22nd Apr 17
Why You Are Not An Investor - 22nd Apr 17
Gold Price Upleg Momentum Building - 22nd Apr 17
Why Now Gold and Silver Precious Metals? - 22nd Apr 17
4 Maps That Signal Central Asia Is at Risk of War - 22nd Apr 17
5 Key Steps For A Comfortable Retirement From Former Wall Street Trader - 22nd Apr 17
Can Marine Le Pen Win? French Presidential Election Forecast 2017 - 21st Apr 17
Why Stock Market Investors May Soon Be In For A Rude Awakening - 21st Apr 17
Median US Household’s Wealth Has Declined by 40% Since 2007 - 21st Apr 17
Silver, Platinum and Palladium as Investments – Research Shows Diversification Benefit - 21st Apr 17
U.S. Stock Market and Gold, Post Tomahawks and MOAB - 21st Apr 17
An In Depth Look at the Precious Metals Complex - 20th Apr 17
The Real Story of China’s Strong First-Quarter Growth - 20th Apr 17
3 Types Of Life-Changing Crisis That Make You Wish You Had Some Gold - 20th Apr 17
The Truth is a Dangerous Thing - 20th Apr 17
2 Choke Points That Threaten Oil Trade Between Persian Gulf And East Asia - 20th Apr 17

Market Oracle FREE Newsletter

Why 95% of Traders Fail

Channel 4 War on 'Fake News', Forgets Own Alt Reality Propaganda Broadcasting

Politics / Mainstream Media Feb 02, 2017 - 07:37 PM GMT

By: Nadeem_Walayat

Politics

Apparently Channel 4 is going to go to war against 'Fake News' next week with the likes of "i know nothing" Jon Snow fronting mocumentaries of the 'Fake News' of 2016. Don't get me wrong I love watching John Snow, it's about as close as the mainstream press ever gets close to a dose of reality from within their Left-Right political spectrum that they have been stuck in since the broadcast channels first started appearing in the 1970's. Since which time nothing much has changed, in that they fail to realise that the likes of Channel 4, BBC inhabit their own liberal alt-reality that each year reinforces the delirium perpetuated on themselves and the general population.


Which is why the missed the point that Trump winning the US election was by far more probable than Hillary winning.

Which is why the missed the point that the people of Britain voting for Brexit was a far more probable outcome than REMAIN winning the EU Referendum

Which is why the missed the point that the Conservatives winning an 2015 outright election victory was for several years a far more probable outcome than a Labour winning or another hung parliament.

Whilst they also mostly missed that Scotland voting to REMAIN within the UK was by far the more probable outcome than voting for Independence in September 2014.

I could go on, but the message should becoming CLEAR that the mainstream press lives in their OWN fake news al-reality left / right spectrum bubble, and the only response that the likes of Channel 4 are capable of is to produce mocumentaries as they die a slow death!

There is only ONE mechanism that can result realising that which is the most probable outcome.

REPEAT AFTER ME - THERE IS ONLY ONE MECHANISM THAT CAN RESULT in REALISING THAT WHICH IS THE MOST PROBABLE OUTCOME!

PROFIT OR LOSS, PAIN OR GAIN. All else is bullshit! That is the only mechanism that can focus one's attention towards reality. A mechanism that is devoid in the mainstream press where journalists inhabit a fantasy world of repeatedly suffering collective amnesia to that which has gone before for they are NO CONSEQUENCES FOR MISSING the likes of BREXIT OR TRUMP! NONE!

LISTEN and LEARN! Else you will waste another 40 years on BULLSHIT!

Instead of FACT or FICTION , FAKE or REAL, THINK in terms of PROBABILITY! Which requires black a white mechanism to test against which is PROFIT OR LOSS. There is no amnesia as the likes of Channel 4 News suffers that is thrown itself into anti fake news crusade. It's simple, if you are RIGHT then you will PROFIT from trading positions leveraged to a forecast outcome and if you are WRONG you will LOSE money on those trades, and hence the market WILL CONDITION TO FORGET WHAT YOU WANT TO HAPPEN IN FAVOUR OF THAT WHICH IS THE MOST PROBABLE. IT'S SIMPLE! Do this for everything and you will start to glimpse reality! and converge towards that which is the MOST PROBABLE and start to inhabit a world that is outside of the consensus view, outside of the the left / right political spectrum. You will become a PROBABILITY CONVERGING HUMAN MACHINE! THINKING DIFFERENTLY, ALT-PERCEPTION!

Something that the mainstream press will never get! and hence Channel 4's response to mock that which they ARE INCAPABLE OF UNDERSTANDING!

I would have said that MACHINE INTELLIGENCE could be the answer to our biased alt-reality media world i.e. by taking humans out of the loop which could result in that which is the MOST PROBABLE!

on, which should prove far more profitable then even usually accurate short-term trend forecasts, and perhaps may change the way some of you think i.e. in exponential terms.

I say could because there is a strong potential for AI just being used reinforce ALT-REALITY messages rather than to converge towards high probability which would mean being further detached from reality as population groups fragment into ever smaller alt-bubbles, so AI could and likely will have the opposite effect i.e. set the general population up for even BIGGER SUPRISES that will be reported on by the press as events that NO ONE SAW COMING!

Still I do enjoy watching John Snow, if only he would forget most of that which he has assumed to be true for the past 40 years!

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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 trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 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

Catching a Falling Financial Knife