mainstream vs propaganda, page-4

tetlom

I have work in the markets for over 30 years, and have had plenty of opportunities to compare what was going on on the inside with the reporting in the media.

So I read newspapers mainly for the sport.

Most financial insiders are in the dark when it comes to major events. But when a financial journalist rings up for a comment, they will not admit to ignorance. So they will invent a plausible connection between price movements and news in the public domain, and that is what appears in the media most days.

The people who really know what is going on in any situation are usually bound by confidentiality requirements, or they see no reason to give up a competitive advantage by sharing information.

The howling of the Gold Forum against such lack of transparency always amuses me because I suspect that every one of them would behave the same way if they had the chance.