Challenging the Mainstream Propaganda
Paul Joseph Goebbels was the Minister of Propaganda in Nazi Germany from 1933 to 1945. He once said that if you tell a big enough lie and keep repeating it, people eventually come to believe it.
Today’s governments together with the mainstream media seems to have taken Goebbels’ comment to heart. They omit facts and distort the truth to suit their agenda, while a completely different point of view is presented by highly qualified, intelligent analysts through blogs, websites and Internet articles. This article by Raul Ilargi Meijer gives an excellent overview of the propaganda disseminated by the press today.
For investors, it is up to each individual to carefully examine the arguments from both sides and come to his or her own conclusion about what is reality and what is propaganda. This knowledge will allow them to make the right decisions and prosper, and avoid painful mistakes in the coming years.
In the area of economics and finance, the manipulation, distortion and outright lies should be obvious to anyone who cares to do even the slightest amount of research outside of the normal channels. At the root of the coming economic disaster is Keynesian economic philosophy of increasing debt implemented by Western central banks. The experiment that started in 1933, and peaked in 1971 with the abandonment of gold convertibility, has gone into the hyperbolic stage, with Japan being the poster child of an economic system gone mad.
Once the world’s second-largest economy, with land in Tokyo selling by the square inch and the Nikkei Index peaking at 38,957 in December 1989, today Japan has the world’s highest debt-to-GDP of about 230%, and the Nikkei is still down about 55% after 25 years. David Stockman, former Assistant Treasury Secretary, does an excellent job of summarizing Japan’s gruesome statistics in this article: ‘The Keynesian End Game Crystalizes In Japan’s Monetary Madness’.
Read the entire article here…
David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.
As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?
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