The asian and euro desks of CNBC early in the morning have a open mind because many of their viewers are not locked into the fate of the dollar. But as soon as the American trio shows up its the group think channel.
Its actaully funny. For those who remember the early days of financial news cable channels Joe Kernen used to be a smart ass rebel who often ridiculed the status quoe group think of Wall Street and lampooned the economic/political powers that be. Now that he is the morning face man of CNBC he has become Mr. Establishment..... ;)
Think about it guys, if paper money implodes most of the viewers of CNBC are going to be wiped out and are going to have more pressing matters to deal with than watching their show.
Are we really surprised that CNBC has an inate dislike of the PM's, since they are the canary in the coal mine chirping that the end is nigh?
Who are these Jack asses? Way to have balanced reporting.....
I just love "the Speculative nature" of our silver investment being the cause of the run up in the shinny white metal. Correct me if I'm wrong, but the total number of investers involved in silver ammounts to roughly 1%. Oh MY GOD! The volume! yea that must be it. Oh, and how convienient that this story runs must moments after our friends at JPM turned the screws on Gold and Silver. Just look at the kitco charts. A massive push down at the exact same time.
that piece on Silver on CNBC was completely ridiculous ... the bear's logic was silver will go down since the big commercial banks are short ... THEY HAVE BEEN SHORT FOR A VERY LONG TIME
the bull just talked about chart technicals ...
They are the propaganda arm of fiat money. If it goes down Maria will find herself on Wall Street in a different capacity that requires a shorter skirt and lower cut top. They cannot imagine the thought of their little world being anything but what it is right now. Don't underestimate the power of the dark side, hard to fight they are.