Invest Intelligence When It Realy Matters
Another Warning about the Media
As those who have been following me for some time know, I place a big focus on reminding readers about the media. So for those of you who are new to this site, I want to warn you about the media because many people have been brainwashed to believe the trash that’s been plastered on TV, the radio and print media. And I will tell you right now that 99% of what you have heard from the media (TV, radio, print and Internet) is complete BS.
The simple fact is that the media could care less about supplying its audience with credible and unbiased experts. This is why you see so many extremists claiming hyperinflation is a 100% certainty in the U.S. and other false prophecies. Others claim that the U.S. is already in a deflationary spiral. [1] [2]
On the other end of the spectrum, you see Washington and Wall Street hacks making claims of a strong recovery and so on. The only thing the media cares about is making money, and it does this by selling ads. If you listen to extremists, whether they are perma-bears or perma-bulls, you stand to lose even more money.