Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

“Watch TV Make Money” Who is Really Making Money? Part II

Stock-Markets / Market Manipulation Mar 12, 2009 - 11:40 AM GMT

By: Mike_Stathis

Stock-Markets Best Financial Markets Analysis ArticleLet me continue where I left off from Part I of this series. Kudlow has my book, as does Cramer and hundreds of other useless media clowns and shills. And they've had it for nearly two years, giving them more than ample time to realize what to expect. Yet, they continue to air clowns with terrible track records, whose sole purpose is to fool investors. And when they feel the need to admit problems, they air snake-oil salesmen who have been predicting doom for over a decade. In either case, they don't air credible experts with proven track records. Instead, they interview guys with agendas. Guys who will be preaching doom twenty years from now because that's their marketing pitch. The media also interviews guys in the “club” – guys like Peter Schiff who they know won't say something to draw attention to financial industry executives as the blame for this mess. These are the guys who agree to play by the media's rules in order to protect their agendas.

They're taking you to the cleaners just as they did during the dotcom charade, just as they will over and over until YOU decide to never watch again. As always happens, the criminals responsible for this economic collapse will escape prison, richer than before. It happened during the first depression. It happened during the S&L crisis. It's happening now, and it will happen in the future. Ultimately, they will escape with your money. Remember, when you watch, they make money because each viewer boosts ad revenues.

Now back to the CNBC stock manipulators. How do I know they have my book? I sent it to them, but not unannounced. I sent copies after speaking with their producers. In other cases, apparently some readers (most likely some of the fund managers who ordered several dozen books from me directly) spent their own money and sent copies to the Associated Press, Reuters and other publications. I know this because I received calls from journalists thanking me, praising my work.

I never heard from these journalists again despite their praise. I'm not even sure how they got my phone number. But, apparently, they didn't bother to put it in their rolodex. Why might this be? Most likely, they're afraid to violate the demands created by media executives; demands that specifically state they are to stay away from me. Why? Because they want to stay clear from the truth. But finally, after having to admit problems with the ecomony, they interview guys who sugarcoat things. They will never air experts willing to state the truth because it's not in the best interests of their financial sponsors.

Once again, it's all about protecting their financial and political agendas, as I've discussed so many times. After all, these journalists certainly don't want to lose their jobs. What they don't realize is that America 's media machine is getting chopped up each day. As the balance sheets of the biggest media organizations continue to implode, many of today's journalists will soon find themselves working for blogs instead of writing for the New York Times, Reuters, etc. Others will beg for ghost-writer slots at publishing companies; you know, the guys who write books for Obama, Soros and others. That's right. The fact is most books written by so-called “big names” are almost always ghost-written. Whatever they decide to do, thousands of journalists won't be working for America 's propaganda machine because it is self-destructing by the day.

In other cases, I know some reporters have used my data and insights as their own. I've caught them doing this on a couple of occasions. Since I don't read much of what the media writes, it's likely this has been going on a lot more than I am aware of. And of course they didn't give me credit because they have been informed to keep me out of the loop.

Let's get back to CNBC. You need to ask these bozos why they ignored my attempts to warn the public as early as January 2007. By now you should know why. By summer of 2007, Cramer was preaching Dow 15,000 and telling everyone to buy blindly, as was Kudlow and his puppets like Don Luskin – you know, the hack who still thinks the economy is fine.

What About Schiff?

But “hold on,” you might be thinking… “They aired Peter Schiff.” Yes of course they did because Peter is part of the club. I'll talk more about what this club is and how they work in Part III.

You need to understand that anyone who makes a career being on television isn't going to know what's going on in the economy or stock market. You can't do both. You are either spending all of your time researching and analyzing the economy and stock market or you're in production rehearsing your show. This also includes guys like Peter Schiff. That might explain why his clients haven't fared so well.

Peter has become a media ham and apparently he realizes this because he now writes about mainstream media drama like what Rush Limbaugh is saying. When will Peter make comments about Britney Spears? Give me a break. People who have been predicting doom for a decade really have no credibility, especially when their doom story is a way to get you to buy gold or invest with them.

If you haven't figured it out by now, extremists are never good for your investments. However, a perma-bear is worse for your portfolio than a perma-bull since the stock market eventually goes up. Real experts don't spend most of their time marketing. But marketers do because they are looking to make easy money from the sheep. Real experts know when to hold, and when to fold. They know when to recognize when the tide turns.

But Peter serves a clear purpose for the media. He allows them to make fun of him for entertainment purposes. As well, Peter knows well the rules of the media game. He cannot insist the banking executives be stripped of all compensation since 2002 and sent to prison. The financial media wouldn't have that because they want to protect their paychecks. Peter is all too happy to play by the rules. By playing by the rules, he becomes a regular and can promote his firm to the sheep. As we all know, sheep always get slaughtered. In the end, Peter only cares about Peter's bank account. He is no different than Wall Street or the media. The same applies to every guest on CNBC. If they are invited as a guest on CNBC it's because they have agreed to play by the rules. And those rules ultimately screw the viewers in one way or another. In the end, YOU got screwed if you watch CNBC.

These are the hacks Kudlow uses to spread his propaganda about how great America 's free market system is. The facts show it's no longer a free market system. It's a free-for-all, with the biggest corporations free to screw consumers while many industries engage in collusion with no oversight.

Some of Kudlow's clowns are hacks for the mutual fund industry. Some are hacks for Wall Street. Others just want to side with Kudlow, hoping their exposure with lead to better things. But if you research their track records you will see they are far less than credible. Some are complete liars. Others are complete morons. I'll pinpoint more details about each of these idiots in the future.

These are the hacks Kudlow uses to spread his propaganda about how great America 's free market system is. The facts show it's no longer a free market system. It's a free-for-all, with the biggest corporations free to screw consumers while many industries engage in collusion with no oversight.

Some of Kudlow's clowns are hacks for the mutual fund industry. Some are hacks for Wall Street. Others just want to side with Kudlow, hoping their exposure with lead to better things. But if you research their track records you will see they are far less than credible. Some are complete liars. Others are complete morons. I'll pinpoint more details about each of these idiots in the future.

After studying the media extensively, I know how the game is played. I was encouraged to conduct a very diligent study after being black-balled because I wanted to understand the motives behind their blatant disregard for the truth. In the past, I thought they were just irresponsible. But now I realize how they use financial and political agendas to determine their content. They could care less about broadcasting valuable insight and guidance. Many already know this. But let's just say that I try to never assume anything. I always base my conclusions on evidence. And now I have it.

The inaccurate content delivered by this closely-controlled propaganda machine is very intentional. And the tactics used to manipulate the public are quite skillful. Now that I truly understand how America 's media machine works, I'm even more ahead of the curve. Once you fully understand the tricks, motives, controllers and politics of the industry, you too will be positioned ahead of the curve.

The Media “Club”

Perhaps the biggest problem is that all of the players within America 's mainstream media machine cooperate with each other. They all air the same crap because this creates a perception of validation. And they use their partnerships with competing networks to make sure their message is the same, regardless what channel you turn to. There is also another very dangerous aspect of this industry; control by a very small number of individuals, all who happen to be Jewish.

When you consider the banking system is virtually entirely controlled by Jewish men, you can imagine reasons why (beyond financial) the media continues to protect the financial industry. I will discuss how America 's media industry is controlled by 7 Jewish men in the future. For now, don't you think it's odd how the media has selected Roubini, Schiff, Krugman, and Shiller as the ones “who predicted the crisis,” when the fact is that they have all been predicting doom for over a decade?

The control of the media and banking system by a small group of men explains why you never hear anyone on TV insisting the banking executives be stripped of their assets and sent to prison for destroying the economy. Instead, you have hacks and airheads from CNBC like Erin Burnette who make false claims, such as one of her most recent on Meet the Press – that Wall Street bonuses from 2008 didn't come from the bailout money. What's an idiot like her even doing on Meet the Press anyway? I can't even watch TV anymore because it's like watching a circus show. Shows with a reputation of being serious and informative have turned into propaganda stints featuring second and third tier guests.

I'll give you a brief example how the entire media industry partners with these masters of deception. On Sunday September 2008, the Washington Post published an op-ed by one of the biggest Wall Street hacks around, Don Luskin. I don't want to subject you to the full extent of Luskin's pseudo-intellectual babble, so I've deleted much of the article to spare you from further disgust. If you want to read the article in entirety, the link is posted. Let's have a look…

Quit Doling Out That Bad-Economy Line

By Donald Luskin
Sunday, September 14, 2008; B01

"It was the worst of times, and it was the worst of times."

It's a virus -- and it's spreading. Do a Google News search for "since the Great Depression," and you come up with more than 4,500 examples of the phrase's use in just the past month.

But that doesn't make any of it true. Things today just aren't that bad. Sure, there are trouble spots in the economy….. And unemployment figures are up a bit, too. None of this, however, is cause for depression -- or exaggerated Depression comparisons.

Overall, the pessimists are up against an insurmountable reality: In the last reported quarter, the U.S. economy grew at an annual rate of 3.3 percent, adjusted for inflation. That's virtually the same as the 3.4 percent average growth rate since -- yes -- the Great Depression.

The Mortgage Bankers Association (MBA) database, which allows rigorous apples-to-apples comparisons, only goes back to 1979. It shows that today's delinquency rate is only a little higher than the level seen in 1985…….According to the MBA, 6.4 percent of mortgages are delinquent to some extent, and 2.75 percent are in foreclosure. During the Great Depression, according to Wheelock's research, more than 50 percent of home loans were in default.

Moreover, MBA data show that today's foreclosures are concentrated in that small fraction of U.S. homes financed by subprime mortgages…. This suggests that today's mortgage difficulties are probably a side effect of the otherwise happy fact that, over the past several years, millions of Americans of modest means have come to own their own homes for the first time.

According to the latest report from the National Association of Realtors , the median price of an existing home is up 8.5 percent from the low of last February. And according to the U.S. Census Bureau , the median price of a new home is up 1.3 percent from the low of last December…. So why keep proclaiming a "crisis" after it's over?

"Turmoil" in the debt markets? Sure, but we've seen plenty worse. According to the FDIC , there have been a total of 13 bank failures in 2007 and so far into 2008. And in recession-free 1988-89, there were 1,004 failures -- almost an order of magnitude more than today. Since the Great Depression, the average number of bank failures each year has been 94.

Financial market "crisis" and "meltdown"? Yes, from all-time highs last October, the S&P 500 has fallen 20 percent. But that's nothing by historical standards. Stocks have often fallen more than that over comparable spans of time. They fell more than twice that much in 1974 -- which was truly the worst drop since the Great Depression. Even the present 20-percent loss isn't what it seems. The damage has been heavily concentrated in the financial sector -- banks, investment firms and mortgage companies. If you exclude that sector, stocks are off 14.8 percent.

This would suggest that anyone who says we're in a recession, or heading into one -- especially the worst one since the Great Depression -- is making up his own private definition of "recession." And probably for his own political purposes.

McCain campaign adviser and former U.S. senator Phil Gramm was right in July when he said that our current state "is a mental recession." Maybe he was out of line when he added that the United States has become "a nation of whiners." But when it comes to the economy, we have surely become a nation of exaggerators.

Whatever the political outcome this year, hopefully this will prove to be yet another instance of that iron law of economics and markets: The sentiment of the majority is always wrong at key turning points. And the majority is plenty pessimistic right now. That suggests that we're on the brink not of recession, but of accelerating prosperity.

Maybe this will turn out to be the best of times -- at least since the Great Depression.

I could pick apart every sentence easily, but for lack of time I'll let you do that. Do yourself a favor and email this hack and let him know what you think. Also you should contact the Post (202-334-5269) and and tell them this is why they are facing major financial problems. Readers want valuable content, not lies. Readers want valuable and timely guidance, not propagation of manipulated economic data devised by government hacks. Ask them why they will publish complete BS from a Wall Street hack but not accurate insights from the leading expert on the crisis who has no agendas. You might want to tell them where to go. Once you realize that the media is just as responsible for this mess as Wall Street and Washington, you might find yourself telling them a lot more. By now, if you don't understand the full magnitude of the media's role in this mess, God help you.

You really should read the comments posted on the Post article. Luskin took a good beating from 99.9% of those who posted. The very small handful of others represented clueless saps clinging onto their fight for McCain. Luskin doesn't even have a college degree, yet he's on the bubble network pumping propaganda out to the sheep; a perfect fit. I suppose it's fitting since Larry Kudlow doesn't have an economics degree, yet he calls himself an economist. What a joke.

Note the Washington Post, NY Times, and many other newspapers refused to publish my op-eds because I was critical of the Wall Street and economist shills. And you think America has no censorship? Think again. Censorship is alive and well.

The next day after Luskin's op-ed was published, Lehman Brothers filed for bankruptcy and Merrill Lynch announced a buyout by Bank of America. What they didn't tell anyone was that the Fed and Treasury held emergency meeting all weekend with Lehman and Bank of America and essentially twisted Lewis' arm to buy Merrill because the financial system was about to collapse.

Two days later, the announcement was made that AIG would be bailed out by the government. Perhaps you're wondering why AIG was spared while Bear Stearns, Lehman and later Washington Mutual were thrown to the lions? Remember that the Secretary of Treasury at the time was Henry Paulson, former CEO of Goldman Sachs. The fact is that if AIG was not bailed out, Goldman stood to lose billions of dollars in CDS obligations. And we certainly couldn't have that. Mr. Paulson, similar to many others from the Bush administration, you belong in prison. What's unique in your case is that you earned a life sentence in just a few short months.

How much longer are you people going to take his crap? Are you all really that weak and beaten down? Are you really that pathetic to allow the continued abuse and exploitation by Wall Street , Washington and their partner in crime, the mainstream media? Don't you think it's about time to get up off of your brainwashed bottom, turn off your TV, toss it in the trash and call your congressmen non-stop. Don't you think it's about time to let go of your Obama fairy tale fantasy and start using your eyes to see the reality? Email President Obama and tell him to stop being a hypocrite and take control over the White House instead of taking orders from his dangerous advisers. Contact the SEC and tell them to start doing their job, which includes sending these crooked banking executives to prison and shutting down CNBC for stock manipulation. Tell them you plan to contact the Department of Justice (which is supposed to oversee the SEC), and then do it. Demand that DOJ get the SEC's act in gear. If you do not do this, then you will be partly to blame for America 's permanent demise.

I continue to face censorship by the mainstream media, and even certain online websites that post my articles have engaged in a kind of “soft” censorship using subtle tactics to deemphasize my commentaries, while highlighting those of people with little credibility, snake-oil salesmen, gold and currency manipulators, or simply clowns trying their stab as “Joe pundit.” In most cases, these individuals provide no valuable content. They copy the ideas of others or rehash the news.

I want to encourage all who seek the truth and valuable guidance to follow me to my new site (coming in a few days). You won't see me pitching gold or investments to you like others. You will continue to receive nothing but unbiased top-tier insight, education and commentaries.


By Mike Stathis

Copyright © 2009. All Rights Reserved. Mike Stathis.

Mike Stathis is the Managing Principal of Apex Venture Advisors , a business and investment intelligence firm serving the needs of venture firms, corporations and hedge funds on a variety of projects. Mike's work in the private markets includes valuation analysis, deal structuring, and business strategy. In the public markets he has assisted hedge funds with investment strategy, valuation analysis, market forecasting, risk management, and distressed securities analysis. Prior to Apex Advisors, Mike worked at UBS and Bear Stearns, focusing on asset management and merchant banking.

The accuracy of his predictions and insights detailed in the 2006 release of America's Financial Apocalypse and Cashing in on the Real Estate Bubble have positioned him as one of America's most insightful and creative financial minds. These books serve as proof that he remains well ahead of the curve, as he continues to position his clients with a unique competitive advantage. His first book, The Startup Company Bible for Entrepreneurs has become required reading for high-tech entrepreneurs, and is used in several business schools as a required text for completion of the MBA program.

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.

Requests to the Publisher for permission or further information should be sent to

Books Published
"America's Financial Apocalypse" (Condensed Version)

"Cashing in on the Real Estate Bubble"

"The Startup Company Bible for Entrepreneurs"

Disclaimer: All investment commentaries and recommendations herein have been presented for educational purposes, are generic and not meant to serve as individual investment advice, and should not be taken as such. Readers should consult their registered financial representative to determine the suitability of all investment strategies discussed. Without a consideration of each investor's financial profile. The investment strategies herein do not apply to 401(k), IRA or any other tax-deferred retirement accounts due to the limitations of these investment vehicles.

Mike Stathis Archive

© 2005-2022 - 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