Should we laugh or cry? After dropping 100 points (2.7%) after lunch, the Shanghai Composite jammed up 175 points (5%) into the close and, combined with the pre-market pump that gave them a good open, resulted in a 3.4% gain on the day that NO ONE in the MSM seems to think is in the least bit strange. Yesterday I said: " Everything you used to laugh about regarding Russia's Pravda and Izvestia is EXACTLY what is now happening to the US media except, rather than government control – it's controlled by corporations, who determine what information YOU will be given each day . " and Hanno on Seeking Alpha asked me what I meant by " YOU " and I said I mean non-PSW Members (the target audience for the morning post) because "WE" at PSW learn to be very critical of the Mainstream Corporate Media. As one of our Members said recently: Subscribing to Phil’s site is like the Matrix – taking the red pill : "You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." You start to become educated at a different level – and the main stream media has diverged to such a degree that a normal conversation with friends that only casually follow the market is no longer possible. They’re still taking the blue pill – the banks, the fed, the govt. – all have put them to sleep. It's a very appropriate conversation for what is to be a blue pill day, when the Fed is scheduled to release their statement (2pm) in which they will change a dozen words from the last statement and the Media will act like another tablet has been delivered from Mount Siniai when really (as is very apparent in the minutes) it's just a room full of Economorons trying their best …
Should we laugh or cry?
After dropping 100 points (2.7%) after lunch, the Shanghai Composite jammed up 175 points (5%) into the close and, combined with the pre-market pump that gave them a good open, resulted in a 3.4% gain on the day that NO ONE in the MSM seems to think is in the least bit strange.
Yesterday I said: "Everything you used to laugh about regarding Russia's Pravda and Izvestia is EXACTLY what is now happening to the US media except, rather than government control – it's controlled by corporations, who determine what information YOU will be given each day." and Hanno on Seeking Alpha asked me what I meant by "YOU" and I said I mean non-PSW Members (the target audience for the morning post) because "WE" at PSW learn to be very critical of the Mainstream Corporate Media. As one of our Members said recently:
Subscribing to Phil’s site is like the Matrix – taking the red pill:
"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes."
You start to become educated at a different level – and the main stream media has diverged to such a degree that a normal conversation with friends that only casually follow the market is no longer possible. They’re still taking the blue pill – the banks, the fed, the govt. – all have put them to sleep.
It's a very appropriate conversation for what is to be a blue pill day, when the Fed is scheduled to release their statement (2pm) in which they will change a dozen words from the last statement and the Media will act like another tablet has been delivered from Mount Siniai when really (as is very apparent in the minutes) it's just a room full of Economorons trying their best…
