I don’t normally post any financial/investment articles as I have no interest in this particular subject either to become a player or market observer. What attracted me to this article was its headline.
Michael Lewitt is a well known financial and market expert, and author. He’s made spot on predictions of the market trends and what’s interesting to me is his anti-establishment stance and how he gets to profit by it from looking and finding the bugs in the system and passing it on to his clients to take advantage of the information and enrich themselves.
I like the opening lines which fit my own view of the establishment and the overview of the rotten system as a whole.
January 12, 2017
We live in an inauthentic world, yet people perceived to be telling the truth are demonized and shunned by the establishment. The fact that it took everybody so long to figure out that mainstream media promoted “fake news” to support their own political agenda is testimony to the fact that we claim to seek authenticity but settle for insincerity, falsehood and duplicity in our personal, business and civic relationships. Those of us who refuse to settle are considered “difficult.”
The question I keep asking (because I am decidedly “difficult”) is whether these people are wrong because they are stupid or because they are lying. I’ve come to conclude that the two alternatives are not mutually exclusive though one of the worst sins our society commits against itself is confusing educational achievement and wealth for intelligence or good intentions.
The U.S. government is a major promoter of fake news. It lies to its citizens about virtually everything, but one of its specialties is the publication of phony economic statistics to justify failed economic policies. Whether this will change under the new administration remains to be seen (I’m not holding my breath and neither should you), but the last eight years were characterized by one false narrative after another bolstered by phony government statistics.
These two outright lies should concern you the most.
Lie #1: Our Unemployment Numbers Are Spectacularly Low
Lie #2: Inflation Keeps Getting Lower And Lower