Thom Hartmann: What the Lame Street Media Doesn't want you to Know

[thomhartmann]

Run time: 03:31 https://www.youtube.com/watch?v=AybO8dLJK7w   Posted on YouTube: December 31, 2010 By YouTube Member: TheBigPictureRT Views on YouTube: 126   Posted on DU: December 31, 2010 By DU Member: thomhartmann Views on DU: 1649

 
The Big Picture with Thom Hartmann on RT TV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[valerief]

1. K&R

:kick:

[AsahinaKimi]

2. Thom Hartmann mentioned this website

http://www.projectcensored.org/ .. Might be worth Bookmarking!

[Quantess]

3. I read about the dollar being replaced as global currency....in Der Spiegel.

When you read news sites from other countries, you will notice news stories that are absent in the US media.

Try it. Look at guardian.co.uk, Aftonbladet in english, Der Spiegel, etc.

Edit to add: If you want to see what the wikileaks revealed about the US, read it on the foreign news. You won't read about it here.

[jotsy]

4. RECOMMENDED

Established news sources aren't in the business of informing a public anymore, the job is seen these days as molding and managing public perception according to what is best for the corporatocracy.

As always Mr. Hartmann, my thanks and add a happy new year to that today, please.

[BlueJac]

5. Just another great video by Thom.........

k&r

[Roci]

6. He is so right

This is also why I spend 85% of my Net time reading Media sources OUTSIDE of the US. (I'm an deca-lingual polyglot, so I have all sort of fun)
This is also why I am so entirely dismissive of this generation of "News Readers. clods. clowns, and "entertainers" who pass for "Reports", "Correspondents", and most of all "Anchors."

But the real root of this problem is the corporate network bean counters, who have decided that News Departments, great and small must poly-morph from responsible information outlets into profit making organs, driven not by prestige and reputation, but by ratings and bottom line profits.
There were two reasons you never found Cronkite reporting on celebrity boob jobs. One was because it wasn't real News. The other was Cronkite.
Today, an ever growing herd of people who look good on camera accept checks the size of the GNP of some small Countries, and will happily read whatever slop is put before them on a teleprompter, while Americans miss News which influence their world, and the mammon they worship so hard after.

Yet, it is inescapable that the public bears responsibility for this sorry state of affairs.

The next time you see the umpteenth story about (insert media driven flash-in-the-pan here), don't just sit there and take it. Call the Networks, and if need be, your local stations especially, and tell them in detail that the editorial choices they make for the Stories to "cover" are awful, and you're going to stop watching their News until and unless there is more News in their News programs. But go one level higher, call the sponsors of these programs, e-mail, and contact them in every way you can, and tell them in detail that you and all those ratings points in your household will not buy anything their company is peddling, until and unless the companies themselves make better choices of whom and what to sponsor and when to do it.
Threaten their money at any juncture, and you will be utterly amazed at how attentive they will become, and how quickly it will happen.

THE PUBLIC owns the airwaves that these trashy shows are being broadcast over, contrary to what they will try to tell you, the corporations do not. Yet. If the American people would get off their collective "dancing with some slob" show watching backsides, and reclaim their own property, this situation would remedy itself in very short order. The fact that they are, by and large to hypnotized and lethargic to motivate themselves, even in their own best enlightened self-interest, is testimony to the dangers we all face from an ongoing theft, which will only become worse when American awake some sunny morning and find they have nothing left worthy of stealing--including their liberty.

[watstearns]

7. Act to Protect our Freedoms from Corporations in Congress

Let's reform the campaign finance system so corporate money,
corporate media bias, and corporate corruption of vote
getting and vote counting are nullified. Here's a petition
for that:

http://www.petitiononline.com/PoliTru3/petition.html

[defendandprotect]

11. Done -- thank you!

[Mosaic]

8. Strongly Recommended

Happy New Year 2011!

Thom sums it up nicely with an important message about the corporate media, not liberal but quite conservative, as many misinformed Americans need to know.

[dotymed]

9. Dammit

REINSTATE THE FAIRNESS DOCTRINE. Put a stop to the propaganda and misinformation,
Obama could have done this from the start...........

[Auggie]

10. Implications of the loss of the dollar’s reserve status

As the dollar loses its reserves status, at least half of the world’s $5,385 billion dollar reserves will be sold off and replaced with other currencies (yuan, euro, khaleeji, gold, rand, etc…). The US, with its $71 foreign reserves, will not be able to do anything to counteract this mass exodus from the dollar. With outflows of this magnitude, the dollar’s value will collapse to a fraction of where it is now.

The process of foreign nations extracting themselves from the dollar is not going to be pretty. The likely impacts are:

1) The dollar’s value will plunge as investors see the writing on the wall and jump ship.

2) US credit markets will collapse. As the dollar fall, a mass exodus from credit market will begin. Investors sitting on toxic securities will sell at firesale prices to escape the currency depreciation.

3) The fed’s balance sheet will explode beyond all reason. In response to the mass exodus from credit markets, the fed will buy trillions worth debt in a desperate attempt to hold interest rates down. Unfortunately, the more debt the fed buys, the more quickly the dollar will fall, and the more panicked the credit selloff will become.

4) US interest rates will soar, despite (or because of) the fed’s efforts.

5) Countries around the world will be hurt badly by the dollar’s decline. These countries include:

A) Nations which are heavily dependent on US exports: Japan, Mexico, etc…
B) Nations with large dollar reserves: Japan, China, Gulf oil states, etc…
C) Nations which receive large amount of US foreign aid: Israel, Egypt, etc…
D) Nations which rely on remittances from citizens working in the US: Mexico, India, etc…
E) Nations which use dollars as their official currency: Liberia, Panama, etc…
F) Nations which have large amounts of dollars in circulation: Central and South America (especially Argentina), Eastern Europe, etc…

6) Some nations will see benefits from the dollar’s decline. These countries include:

A) Nations with large gold reserves: EU zone, Switzerland, etc…
B) Nations which owe dollar denominated debt will see that debt wiped out: Iceland, African nations, etc…
C) Nations who stable currencies: EU zone, Switzerland, China, etc…

7) World politics will be greatly altered. There will be considerable anger at the US from nations hurt by dollar’s fall. The US will lose influence to Asia (mainly China).

US retailers will get crushed. As the dollar falls, the cost of imports for retailers will increase, but the American consumer will be unable to afford to these higher prices. Competition between desperate retailers will force them the sell inventory at below cost, creating massive losses. Retailers most heavily dependent on imports (ie: Wal-Mart) will be the first to go under. Eventually as more and more retailers go bankrupt, the few survivors will be able to raise prices enough to cover costs, and the sector will stabilize at a fraction of its current size.

9) American lifestyles will change radically. The end of cheap oil, low interest rates, and deficit spending will mean a lower quality of life and higher taxes.

10) The price of gold and other precious metals will explode.

11) US will experience hyperinflation.

LINK: http://scot.altermedia.info/globalist-economy/what-happens-if-us-dollar-loses-reserve-status_1583.html

[SalviaBlue]

12. K&R

[mrdmk]

13. There was a post about a year ago of a minute by minute breakdown of a evening news broadcast

The biggest chunk of time out of an evening news broadcast was the ads, 11 - 12 minutes.

The next two chunks was weather and sports.

National news was lucky to get 3 1/2 minutes.