Recently, the financial media featured 16-year old Rachelle Fox, apparently a teen actress, but not for her acting ability.
Are you ready?
The bought-off criminal media featured her because she likes to "day trade."
Clearly, this type of promotion pleased online brokerage firms. Have a look at her appearance on CNBC, followed by Yahoo Finance.
Simply amazing. Here I sit with the leading track record in the world on the economic collapse, with the leading market forecasting record, and clearly some fairly significant insights that would help investors; significant enough that fund managers come to me for questions related to market forecasts, securities valuation, distressed securities analysis and so forth...
...Yet no one in the media is interested in hearing what I have to say.
Hell, let's say I only have the 10th best track record.
Can you name to me any of the media celebrities who even have a respectable track record? I can't. They're all clowns.
Folks, this really nails the agenda of the media down to a tee.
The media is NOT CONCERNED with providing its sheep audience with real insight from real experts.
The media is ONLY concerned with pleasing its ad sponsors.
The media doesn't want to arm its audience with intelligent, accurate and valuable insight. Their job is to make money for those who buy the ads; Wall Street. So if I am providing insight to Main Street, Wall Street won't be able to take as much money from Main Street.
Imagine if you owned an online brokerage firm and you had no ethics; where would you spend the most ad dollars?
If you're smart, you'd spend the most money where the audience is the most dumbed down by useless trash and delusional insights from snake oil salesmen who have been positioned as experts.
There you have it folks. If by now you still don't realize how dangerous the media is, you never will.
Why is it so important to understand the inner workings of the media?
Because the majority of investors are influenced a great deal by the media.
But now that you realize that the media is a disaster and is designed to steer you into the gutter, you can now focus on making rational investment decisions without media interference.
The problem is that most investors lack the required skills to make investment decisions on their own, which is why they seek out the media in the first place. To those of you who fall into this category, I want to tell you that you are lazy.
If you want to develop the skills needed to understand the investment process and navigate the market, you must first understand what those skills are.
Next, you must understand the power and limitations of these skills. In short, the single best text to achieve this understanding is the Wall Street Investment Bible.
I would not have spent more than 5 years writing it if I didn't think I could provide both unique and valuable content.
UPDATE (March 14, 2013): It gets better people. FOX posts on her blog that her"stock market information idols" are Jeff Macke, Jim Cramer and Aaron Task." Wow. You can't get worse sources of information. I's love to be on the other side of this kid's trade. That would be some of the easiest money I could ever score.
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