Home› Precious Metals

I've always been skeptical of TV advertising and politicians, but.........

jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
in Precious Metals
..........somewhere along the line, I must have started believing some of what I was watching on CNBC.

But these days, it seems as if the blindfold has been removed and I can hardly see these people as little more that cheerleaders for the stock market and financial institutions that have taken us for such a ride.

Do I have it wrong? Is this a personality flaw of some sort, or am I seeing things for what they really are - nothing but advertising?
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>..........somewhere along the line, I must have started believing some of what I was watching on CNBC.

    But these days, it seems as if the blindfold has been removed and I can hardly see these people as little more that cheerleaders for the stock market and financial institutions that have taken us for such a ride.

    Do I have it wrong? Is this a personality flaw of some sort, or am I seeing things for what they really are - nothing but advertising? >>




    I think your once clouded eyes are now seeing it very clearly. Just MO.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i see a teeny weenie attempt to being balanced...at least the (female) cheerleaders are cute
  • fcfc Posts: 12,793 ✭✭✭
    Skepticism is a healthy trait needed for survival now days.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I don't think the CNBCs of the world are an advertisting arm of the stock market, but most of the people who work there have a blinkered view of things. Their bias is always toward stocks. It's always stocks, stocks, stocks. Other alternative investments just don't make their radar screen.

    The mantra is always that stocks offer "growth," "dividends," etc., unlike PMs. But is it really true? Most stocks don't pay any dividends. So when you invest in most stocks, you're not counting on dividends -- you're really hoping to sell it to some buyer for a higher price later on. Similar to PMs.

    But you also have risks with stocks that you don't have with PMs. A big one is that if the company goes bankrupt, as a stockholder you are last in line to get anything, and will probably end up with nothing. There's also a more subtle problem - the constant dilution of the value of your stock as the company gives its employees and executives big stock awards. As someone once said, as a small shareholder you have about as much say in running the company as a voter has with regarding how the national parks are run -- very little.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • dimplesdimples Posts: 1,286 ✭✭✭
    That Becky is easy on the eyesimage
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭


    << <i>That Becky is easy on the eyesimage >>



    LOL, I have just "discovered" the Robin Meade morning show on Headline News.

    image

    image

    As to the OP, I have been cracking up at all the "just hold tight" comments all year, until Cramer got on the Today show when the dow hit 10k and said SELL SELL SELL!

    imageQuid pro quo. Yes or no?
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>I don't think the CNBCs of the world are an advertisting arm of the stock market, but most of the people who work there have a blinkered view of things. Their bias is always toward stocks. It's always stocks, stocks, stocks. Other alternative investments just don't make their radar screen.

    The mantra is always that stocks offer "growth," "dividends," etc. >>




    A rose by any other name............................

    They certainly are, no one's suggesting they are getting paid by the market, but they may as well be.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I have always been a huge fan of news babe Robin Meade, since her days back hosting CNN early mornings. I love that girl!image
Sign In or Register to comment.