Media At Fault For Causing Global Economic Panic

I'm a little embarrassed to admit I once was firmly embedded within the journalism profession and still have considerable activity in the that industry. But make no mistake that I attribute 75 percent of early October's global economic crisis squarely upon the shoulders of the media industry.

"It is the No. 1 story in the world right now," a respected and retired news director commented to me on October 10.

I say that much of the media industry is ruled by a liberal bias and it is through political motivations on the eve of elections in the USA that has the media industry creating a story rather than reporting it. The domestic and international news content for October 10 readily proves my point that the media industry is out of control on this subject matter. In one story, the idea that capitalism as we know it is about to die could not be farther from reality. A second story carried by many media outlets reported that J.D. Power was predicting for 2009 a total global collapse of the automotive/light truck industry -- again a gross speculation that could not be farther from the truth.

Sadly, many consumers and investors believe such reports because they are too caught up in a collective mania fueled largely by a runaway media industry. While it is true that some components of the U.S. and global economy need to achieve a more balanced realignment, much of the current so-called economic crisis is a product of mind control engineered and freely distributed worldwide by media outlets.

Here's some reality: Americans are still getting approved for car and truck loans and they are purchasing new vehicles. Americans are still buying homes and condominiums and getting loans to do so. Americans are still traveling, in some cases, even to foreign destinations. Americans are still paying on their monthly credit card bills and planning to go Christmas shopping. Do not believe for one second that there is any truth to the media industry's collective cry that "the sky is falling, the sky is falling" because it very simply is not true.

Unfortunately, our politicians and social reformers have in recent years so wanted to ensure a fair and balanced approach to some of the have-nots within their respective electoral borders that standards were lowered for some people so they could borrow money. Never mind their apparent lack of credit worthiness, which the rest of us will now take responsibility for in the coming years as we bail out much of the world from its economic crisis. And never mind America still pays people not to work instead of stepping in to help create real jobs.

Here's what you do. Turn off the television news. Stay away from Internet media sites. Skip reading the newspaper. Go about your business for awhile as you are accustomed to doing and keep in mind that the world is not ending, industries are not becoming extinct and chaos will not become the new political, economic and social order. For investors, now is the time to be putting money into stocks, not selling them. For workers, now is the time to increase personal savings. Give your family a good Christmas and try to remember the spirit of the season is why we celebrate such holidays -- not because of anticipated year end investor and retail industry reports, which are more mind control products of the media industry.

In fact, just ignore the doomsayers. I now believe there is a lot to be said for those of you who have said to me over the years "Oh, I don't ever watch or read the news---it's too depressing."
It is and doesn't need to be. With each new day comes a little more sunshine and I see it, do you?