For more than two years now, many Americans have heard warnings of hyperinflation from the large consensus of misguided individuals, whose agendas serve as the basis for their ridiculous claims.
Much of this nonsense has come from the gold bugs and perma-bears, although it is often difficult to distinguish between the two. Sprouting from this group of fear-mongers is a larger number of naïve followers whose mission is to also be inducted into the media club, while they too profit from selling gold ads and other financial arrangements made with gold dealers.
Many of these individuals spend their entire day watching CNBC and blogging, so as to feed off of the daily smoke-and-mirrors, because they know that millions of sheep continue to watch this trash, despite the fact that CNBC and other financial media establishments are arguably more responsible for your investment losses than even Wall Street.
But it’s important to keep in mind that financial experts don’t spend their days giving television interviews, attending investor conferences and rehashing the daily drama from the financial media. These are marketing activities. Real financial professionals are doing research and servicing their clients. And those in the financial industry don’t spend their day blogging, unless they are starving for business.
Regardless of their position along this food chain of deceit, they are all opportunists. They’ve been trying their hardest to pump up the price of gold, while making ludicrous claims of imminent hyperinflation and a Zimbabwean-like currency devaluation for the dollar.
Some of them know these myths are nothing more than complete fabrications of deception designed to profit from their sheep audience. Others actually believe their mentors who have attained a celebrity status within the media despite their lack of credibility.
But reality does not matter to them. They understand the power of numbers. If something is repeated over and over, most people will believe it. This is one of the most basic tricks used by America’s media monopoly. My advice is to spend less time listening to what you hear and more time researching the full track record of the so-called experts in the media.
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