"The lie can be maintained only for such time as the State can shield the people from the political, economic and or military consequences of the lie.
It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State."
–Joseph Goebbels, of the perception modification school of economic thought
Jim Sinclair’s Commentary
A look back at the FT Alphaville Blog on QE:
Today’s Fed announcement on GSE purchases launches explicit QE that kills two birds with one stone. QE offsets the current deflationary impact of financial system distress and directing these purchases towards GSE debt and MBS may help reduce mortgage rates, a key goal to stabilizing the housing market. While QE may offset current deflationary risks, longer term these measures must be temporary to avoid creating their own problems of inflation and dollar devaluation, a risk highlighted by today’s USD decline and increase in gold…
Jim Sinclair’s Commentary
The evening news is so whitewashed and irrelevant that people are finally waking up to what a waste of time watching it is.
New All-Time Lows for Both CBS & ABC Evening Newscasts
Tuesday, Jun 23
Breaking: TVNewser has learned the CBS Evening News has once again set an all-time low last week with 4.89 million Total Viewers and 1.42 million A25-54 viewers. But it was also the lowest (since records began in the 1991-’92 season) for ABC’s World News with Charles Gibson. The Gibson program drew 6.42 million Total Viewers and 1.77 million A25-54 viewers.
Both CBS’s Katie Couric and ABC’s Charlie Gibson were off last week.
More details to come…
> Update: Insiders tell us at least one network is looking into the continued impact of the digital TV transition which occurred June 12.
> Update (2): NBC averaged 7.75m Total Viewers Mon-Wed but on Thursday and Friday gave their program a different Nielsen code — "Nitely News." (The correct spelling is "Nightly News"). This is despite the fact that the network had regular coverage on those days. We’re trying to determine if the U.S. Open Golf Championship had something to do with the coding change. Had Thursday and Friday been included, the average would have been lower. On Friday "Nightly" averaged 6.29m Total Viewers.
> Update (3): An NBC insider tells us, even though the broadcast had full national coverage, the U.S. Open tends to affect viewership so the Thursday and Friday shows were not in the average. NBC says this is normal procedure.
