But the most brilliant propagandist technique will yield no
success unless one fundamental principle is borne in mind constantly and
with unflagging attention. It must confine itself to a few points and
repeat them over and over. Here, as so often in this world, persistence
is the first and most important requirement for success
. – Adolf Hitler
Propaganda, also known as “fake news,” has become the norm in
mainstream media reporting. Somehow the idea of Russia hacking the DNC
computers morphed into the generic, “Russia hacked the election.” Per
Hitler’s formula, Hillary Clinton introduced the idea during one of the
presidential debates and kept repeating it until the press seized it and
ran all the way with to the end zone with “Trump is a Russian ally.”
Now Congress is pre-occupied with the fraudulent charge that Russia is
controlling U.S. politics. The whole spectacle is beyond idiotic.
In a similar manner, the reporting of economic statistics has become
another tool of propaganda. The Government, as we all well know by now,
spits out economic reports based on shoddy statistical samples that are
seasonally adjusted. Then the data that is cooked for any specific month
is annualized. While the result might not be too far off base for any
specific month, the errors aggregate over time so that some statistics,
like the GDP report, bear no resemblance to reality.
A great example of using propaganda to promote an idea is the
continuous mantra coming from the National Association of Realtors that
“low inventory” is hampering home sales. It’s an effective device to
make the public think that a lack of homes for sale is the explanation
for declining sales. It’s also a lie. Homebuilders are sitting on a
record level of inventory. Flippers and investors bought 37% of all
existing homes that traded in 2016. Many are sitting on homes they can’t
sell for enough to cover their rehab expenses. The over $750,000
segment of the market is flooded with inventory.
The truth is that, if you examine the historical data in order to
question the NAR’s assertions, the facts show that since 1999 – which is
when the Fed began tracking existing home sales – relative inventory
levels do not drive home sales:
In fact – if anything – there is an inverse correlation between
inventory levels and home sales. In other words, since 1999, homes sales
rise when inventories are low!
Thus propaganda is a tool used to manage public perception.
Unfortunately, a high percentage of the population only consumes
headlines and sound-bytes. It’s the perfect set-up for politicians to
employ Hitler’s advice on administering propaganda. The commonly
accepted idea is, in fact, the opposite of the truth.
The commandeering of a country by elitists begins by eliminating real
money and replacing it with a fraudulent fiat currency. But the eastern
hemisphere is moving in an opposite direction as the west. As
reproduced in The Daily Coin, Russia and China have quietly struck an
agreement laying the groundwork to replace the U.S. dollar’s reserve
status with a gold-backed currency system:
Moscow and Beijing join forces to bypass US dollar in world money market.
In today’s episode of the Shadow of Truth we discuss the decline of the
United States and the advancement of the new superpower bloc emerging
in the east.
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance, and graduated Oberlin College with majors in Economics and English. Dave has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. Currently he co-manages a precious metals and mining stock investment fund in Denver and publishes the Mining Stock and Short Seller Journals. Contact Dave at firstname.lastname@example.org.
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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