Invest Intelligence When It Realy Matters
"Watch TV, Make Money!" Who's REALLY Making Money? (Part 4)
In Part 3 of this series, I was discussing the “media club,” pointing out how no one in the media (regardless what their position is) is on your side. If they were and they had truly valuable insights, you can bet they wouldn’t be interviewed because the media only serves the interests of Wall Street.
This how the media club basically works. Once you’ve been on CNBC or FBN a few times, you’re likely to make the rounds to CNN, Bloomberg TV, CBS, ABC, etc. Ultimately, if things go well and you’re a “good boy,” you’ll be interviewed by all of the networks. In the best of scenarios, you’ll be turned into a media ham like Peter Schiff, Nouriel Roubini and others have. Their articles will be pumped into all of the useless websites like that partner with the media. When you see their pieces on a website, you should know to run for the hills.
Whenever the New York Times, Washington Post, WSJ, Financial Times, Forbes, or other large publications wants to interview an “expert,” they will either select pro-Wall Street guys or they will play the “follow the leader approach,” interviewing guys who have established a “media presence.”