After watching this CNBC clip there should be no doubt in your mind that the mainstream media is attempting to manipulate the perception of the American public in respect to the economy and financial markets.
The whole 5 minute clip is worthy of your time, but for a blatant admission to how the media operates today, scroll forward to 3:00.
Guest Simon Hobbs: “This is an overbought, inflated market, that could come down quite rapidly. Question, when you say buy JP Morgan to these guys at home, retail investors often last into the game, will they get out in time?”
CNBC Host:“They don’t have to, that’s the beauty of it. For the folks who don’t have any education on options whatsoever, that’s why you gotta have that education. That’s why it’s an explosive world. And that’s why it traded 27 million contracts and sets records almost every single day……[skip worthless babble]….You can buy JP Morgan at the cheapest level in two years. That’s why you can still buy this market.”
CNBC Host 2:“Hey Simon now that you are here in the US, listen, you have to be a bit of a cheerleader. There’s gotta be something that you’re in the heart of capitalism that you like about America. What’s the one thing, if you were investing, that you would buy right now.
You’re here on US soil, there’s gotta be something good that we do here.
Simon Hobb’s response was pretty muted and he didn’t want to put forward any investment ideas in the US. Basically, he doesn’t want anything denominated in US Dollars and if you want to protect your wealth, neither do you.
Of mention is also the notion that somehow, this market will continue to go up forever and investors with money in risky financials don’t ever have to worry about getting out of the market, or in this case, JP Morgan stock. It’s at it’s cheapest level in 2 years, so that means it couldn’t ever drop again, right? For those who take their advice from CNBC and other Puppet Media outlets, consider this a warning.
Mac Slavo Views:
Read by 150 people Date: September 23rd, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.
SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.