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It's absolutely sickening. It almost makes me want to hurl.
There are times I know when I'm being lied to. There are times I think the truth is being stretched. There are other times where I think "well maybe, but I'll take it with a grain of salt."
But nowadays, I flat out just don't believe a goddamn thing that is printed in any mass coverage of financial news.
The Labor Department reported 157,000 new jobs created in May, with unemployment steady at 4.5%.
Okay, this is fine. If utter BS. Boots on the ground, even here in LA, are showing a slowdown in the economy.
What absolutely tears me up is that the MSM just never even questions the government on this. The BLS should stand for Bureau of Lying Shit.
It's one thing of the "chief economist" for the NAR or Freddie Mac or something spins something positively, or makes up some bs shilling for their industry. I expect that.
What I also expect is at least some kind of something... ANYTHING!! from some reporter saying "hey, these numbers don't add up... wage gains on average when almost all jobs being created are low-paying service jobs or commission jobs?" Or a question about how contractors are reported, etc. etc.
JUST SOMETHING DAMMIT.
Now I completely understand that news is completely corporate and controlled. And even in the 70's it was like that... but somehow there were two reporters that questioned the system and found the scoop on Nixon and brought is ass down.
It is absolutely nauseating to read anything nowadays on statistics, because they are so OBVIOUSLY screwed up. You don't need to even know about shadowstats.com or Bart's M3 charts to know this. I mean, has anyone said "If core inflation is .1% (annualized 2%), then how come everything is so damn much more expensive?" No, they don't.
You know, i never have a large expectation in reading articles in a newspaper. I just expect some modicum of balance. Just something, some other side of the story. The MSM is even doing this with housing now (2 years too late, but they are no longer 100% shills for the REIC). And the MSM DOES ask tough questions. I've heard some of Bush's news conferences, reporters ask him some tough questions. I've heard police chiefs being asked tough questions, and seen tough questions of course in sports pages and sports talk radio shows.
So what the hell is wrong with the financial press that there is absolutely NO ONE outside of the blogsphere and sites like itulip that even question this stuff, when it is so freakin obvious?
If I would have one request, it would be for itulip to interview (or at least get the opportunity to question) an official representative of the BLS, the Fed or the Treasury Dept. It makes me want to hurl every time I hear one of the lying liars being taken seriously, and further makes me want to change the quote on statistics to this:
"There are lies, damn lies, statistics, and 'official' United States Government statistics."
There are times I know when I'm being lied to. There are times I think the truth is being stretched. There are other times where I think "well maybe, but I'll take it with a grain of salt."
But nowadays, I flat out just don't believe a goddamn thing that is printed in any mass coverage of financial news.
The Labor Department reported 157,000 new jobs created in May, with unemployment steady at 4.5%.
Okay, this is fine. If utter BS. Boots on the ground, even here in LA, are showing a slowdown in the economy.
What absolutely tears me up is that the MSM just never even questions the government on this. The BLS should stand for Bureau of Lying Shit.
It's one thing of the "chief economist" for the NAR or Freddie Mac or something spins something positively, or makes up some bs shilling for their industry. I expect that.
What I also expect is at least some kind of something... ANYTHING!! from some reporter saying "hey, these numbers don't add up... wage gains on average when almost all jobs being created are low-paying service jobs or commission jobs?" Or a question about how contractors are reported, etc. etc.
JUST SOMETHING DAMMIT.
Now I completely understand that news is completely corporate and controlled. And even in the 70's it was like that... but somehow there were two reporters that questioned the system and found the scoop on Nixon and brought is ass down.
It is absolutely nauseating to read anything nowadays on statistics, because they are so OBVIOUSLY screwed up. You don't need to even know about shadowstats.com or Bart's M3 charts to know this. I mean, has anyone said "If core inflation is .1% (annualized 2%), then how come everything is so damn much more expensive?" No, they don't.
You know, i never have a large expectation in reading articles in a newspaper. I just expect some modicum of balance. Just something, some other side of the story. The MSM is even doing this with housing now (2 years too late, but they are no longer 100% shills for the REIC). And the MSM DOES ask tough questions. I've heard some of Bush's news conferences, reporters ask him some tough questions. I've heard police chiefs being asked tough questions, and seen tough questions of course in sports pages and sports talk radio shows.
So what the hell is wrong with the financial press that there is absolutely NO ONE outside of the blogsphere and sites like itulip that even question this stuff, when it is so freakin obvious?
If I would have one request, it would be for itulip to interview (or at least get the opportunity to question) an official representative of the BLS, the Fed or the Treasury Dept. It makes me want to hurl every time I hear one of the lying liars being taken seriously, and further makes me want to change the quote on statistics to this:
"There are lies, damn lies, statistics, and 'official' United States Government statistics."
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