Posted 10 years ago on Oct. 23, 2011, 11:15 a.m. EST by ShowRealHist
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Condemn venal journalism for severely fooling the people by hardly ever showing asset price histories that look like cocaine intoxications. Here they are: http://www.showrealhist.com/begun.gif http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html http://www.showrealhist.com/RHandRD.html
Bubbles are well-shown -- these histories are kept out of sight, because the ‘establishment’ make more money from bubbles. The ‘establishment’ are conpersons first.
Consequence? -- “The financial crisis that afflicts the country is largely a result of speculative bubbles, built on false hopes, in the housing and stock markets.” R.J. Shiller, here: http://www.nytimes.com/2008/11/09/business/09shiller.html
Venal journalism talk: “The public’s right to know”. Venal journalism walk: “The public be suckered”.
Adolf Hitler originated the term “The Big Lie” in his Mein Kampf, 1925 http://en.wikipedia.org/wiki/Big_Lie and Nazi practice included much of ‘deception by omission’.
America’s brainwashed reality derived from the superior cash flow of journalistic nonfeasance.
Condemn venal journalism for severely fooling the people.