From "Bob O'Brien"
An Absolutely Amazing and Definitive Video Special On Market Manipulation, Naked Short Selling, Hedge Funds
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 6/2/2007 2:31 AM
If you don't do anything else this month, you need to go watch this special on how rigged the so-called "free" markets are.
It's clear, concise, amusing in a wry, quirky way...and terribly sad, as it shows that it is simple to explain all this in a comprehensible manner, and yet it isn't by the supposedly fair US media. Commentator Max Keiser does a remarkable job in describing how completely ugly this is, and arrives at the same conclusion I did - playing in a rigged game is a fool's errand.
part 1
youtube.com
part 2
youtube.com
This wasn't created by anyone connected with the US system, but rather by the evil, nasty, just plain bad, Al Jazeera network, who we all know, and are told by our keepers, drinks Christian baby blood while plotting the end of freedom, apple pie, puppies, and Grandma.
Watching it should cause a sick tickling feeling in your stomach, as you realize that the network that is often denigrated by the US mainstream was capable of creating what I believe is the benchmark for explaining the structural problems in the market, and the hypocrisy of the US media in pretending that all is well.
It isn't. At all. Watch this series. Recommend it to everyone. Regardless of your sentiments about Al Jazeera, consider the message, not the source. Defenders of Wall Street corruption will no doubt argue that this is all anti-capitalism propaganda by those who hate the west. No doubt they will do so while ignoring the merits of the facts cited and the plain-language conclusions one must draw from knowing the facts. They will rail that this is the evil work of anti-Western forces intent upon the destruction of all we hold dear - exactly as the Soviet machine argued that free exchange of information and ideas was anti-Soviet propaganda.
Folks, I'm one of those guys that wants to know the truth about how things are, even if it isn't pretty. I'd rather know reality, than some pabulum designed to make me feel good. What does it say about the US media when this has to be created and run on an alternative platform, rather than a mainstream one? What does it say about the other information we are receiving? Think it through.
And then reconsider your other assumptions.
Anyone else feeling a little nauseated?
Go watch it. Digg this blog entry. Favorite this video. It is really a remarkable piece, and anyone that watches it will immediately understand how badly awry things have gone.
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