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Games Washington Plays. Trick #3: Employment Data

The government and related agencies are responsible for reporting the nation’s economic data. Thus, they’re in the driver’s seat to manipulate this data, while dumping so much of it onto consumers that they can’t possibly analyze what’s really going on.

Each day, “critical” economic numbers are released by one or more agencies connected to Washington. And consumers look to Wall Street and the media to make heads or tails of this data.
Of course, Wall Street is always going to paint a rosier picture for its own benefit. Meanwhile, the mainstream media merely serves as a puppet for Wall Street.
The main problem is that by the time this data has been reported it’s already been manipulated. And when Wall Street gets a hold of it they make matters worse, tugging and pulling on the meaning of the numbers as a way to create market volatility. And this generates a lot of trading commissions.
The media does its part as well, interviewing analysts, fund managers and pundits to analyze the data. Analysts gain more banking business for companies they tout, while the firm’s market makers and hedge funds take the short side as the dumb money rushes in.
Fund managers pump up their number one holdings through praises of “great buying opportunities.” Yet the SEC never investigates whether these funds dump the stock shortly thereafter. And corporations continue to advertise on radio and television networks that maintain a policy of remaining bullish indefinitely. Together, they all feast upon the money created from this propaganda bonanza.
Unfortunately, much of this money comes from individual investors who have been fooled by the “experts.” Always keep in mind the manner by which broadcasting networks make money. Then look at who they are interviewing and you will see their agenda.

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