A cognitively impaired, distracted, and amoral populace is easier to exploit
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
The Rothschild brothers of London writing to associates in New York, 1863
The alt-financial media claim to know so much about the Rothschilds and the Federal Reserve, yet they cannot seem to profit from a system they insist they understand. Perhaps they really are not that skilled. Perhaps they are designed to mislead. You may think that the writers in the alt-financial media have stumbled upon some sort of secret, but it seems their followers have only stumbled into a trap.
What’s the real objective of the “mainstream” alt-media?
A subscriber asks;
…I’d like to know if you can point me in the direction of a podcast or blog post of yours that details the issues regarding the alt-financial media. I too have been waiting for “the next recession” since 2010 and feel like if I had your insight, I could have avoided bad financial and career moves based on predictions that went from “I think next year will be the year” to “we know a recession is coming, we just don’t know when.”
One thing that I have noticed is that the majority of those making these predictions do not have formal training in economics or finance. I find your blog to be refreshing. Count me as a new fan.
The alt-financial media may complain about the current world order and its financial system, but if the alt-media truly comprehended this system’s design and intent correctly, they could have helped to empower their followers, and not impoverish and frustrate them.
Ask yourself these questions;
- Why are the alt-financial media outlets incapable of making the correct predictions and dispensing prudent advice?
- If someone had a thorough comprehension of this monetary system, would he be more likely to magnanimously toil away for the alt-finance media sites, or would he concentrate on profiting from the system?
- Is the poor predictive capacity of the alt-financial media due to stupidity, willful ignorance and the backfire effect, or could it be something more sinister?
- Could it be that the mainline alt-media outlets are controlled and designed to impoverish potential resistance to the new world order?
- I contemplate the antithetical advice of ZeroHedge and Alex Jones. Would it be more prudent for readers to avoid these disingenuous news outlets?
- Since many alt-financial personalities sell services or products, how objective are they and should we heavily discount their advice?
With these questions in mind, I think we can develop some sobering conclusions. I scan the alt-financial media daily as a normal routine, but I would rarely rely on anything they dispense as I grew tired of the crash-and-burn narrative years ago. Look at that email I received; that person lamented over his career moves in light of the alt-finance influence. I honestly find that extremely heartbreaking as well as an affront, which is why I developed my blog in the first place, since I gain nothing in this world from maintaining this site.
Here’s the bottom line; if you do not have a thorough understanding of economics and the financial markets, I implore you to stay away from this alt-finance poison. I have observed over the years that people who dream of collapse can actually become addicted to this stuff, much like a junkie gets hooked on heroin.
The exploitation of the latest round of repo madness illustrates my point. While the repo market problem had the potential to be a huge deal, I repeatedly told my subscribers that the Fed could easily rectify that problem; and it essentially has. Just ask U.S. shareholders what they think.
Unfortunately, it’s clear to me that I certainly cannot recommend anyone in the alt-financial realm. Many of the analysts are either lacking in skill, copywriting for a fee, selling services, or are unwittingly promoted by the alt-media gatekeepers to mislead the reader. Even the alt-financial shills begin to believe their own disingenuous arguments. At least with the mainstream business media, the writers and analysts are experienced and educationally accredited. In other words, I would recommend mainstream business over the alt-realm.
My one overriding piece of advice; take an interest in learning economic and financial theory, so you can parse the good data from the noise. Learn to rely more on yourself and less on others. Endeavor to acquire a rudimentary understanding of logic and mathematics. This skill set can carry you a long way.
There really in no single podcast or source that we can rely on. Even if you agree with what I discuss, I do not provide enough information for you to make all your investment and financial choices. What I do provide you is a framework from which you can begin to redirect your mindset. We need to first overcome our hardwired biases and fears before we can proceed with our life. Everyone’s circumstances are different, but the younger you are, the more aggressive you need to be with your choices. The alt-media will only provide you with affirmation of your worst fears, so you never go out and build your life. If you cannot unplug from this poison, your best hope will be collapse or the second coming. I hope this helps.