There seem to be all kinds of theories floating around about the Rothschild family and a few other elite financiers who are believed have complete control over the media narrative through ownership. Well, that might be true, but I’m not finding the connection in my research.
I find that it’s a more natural economic phenomenon that wealth gradually gets concentrated in a few hands and that this happens right across the economy while at the same time, money gets “sucked out” of the economy. In other words, it’s like a blood sucker at work. If it sucks enough blood, it eventually kills the host; it destroys the very thing that’s keeping it alive in the first place. That’s what happening in slow motion.
But let’s look at the bigger picture, and that takes us back to the period just after the first world war.
At the time of the establishment of the Federal Reserve in the US (1913), the rest of the world was also undergoing a complete restructuring of the economic system, as a result of the first world war. Governments turned their attention to stabilized the financial system that had been so badly disrupted, and were forced to put an end to the gold standard as the basic for the world’s monetary system.
The war had changed the position of the United States relative to the rest of the world. For example, it was now owed about $4 billion rather than owing $3 billion. Britain was on the reserve end of the stick, now owing about $13.5 billion rather than owed $18 billion.
There were additional factors in involved that helped create even more of an imbalance in payments between nations. As a result, trade and international currency valuations were being disrupted. A solution needed to be created to allow countries to be able to get back into some sort of financial balance.
Dr. Carroll Quigley* writes in his tome, “Tragedy and Hope,” that:
“… the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank… sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
*Dr. Quigley is an American historian who had a great influence on Bill Clinton, as he had attended Quigley’s class as a freshman at Georgetown University.
He also writes:
“In January, 1924, Reginald McKenna, who have been Chancellor of the Exchequer in 1915 to 1916, as chairman of the board of the Midland Bank told its stockholders: “I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money… and they who control the credit of the nation direct the policy of governments and hold in the hollow of their hands the destiny of the people.”
I’ve written about this before, of course, but this is a fairly succinct summary of the situation we face financially worldwide: debt slavery at the hands of a small group of elite bankers who so far, have been in almost complete control of what happens to any nation that crosses their path (and uses them as a creator of their nation’s money). The G7 nations all (except for Japan) have contracts to let the Bank of International Settlements create their money and charge them back interest for the favour, when each of these countries (as does Japan) could create their own money, with no attached charges.
This power to influence extends to the media. We can see this playing out in the US election. You would have to be dead not to see the obvious one-sidedness of the political reporting. It’s very much anti-Trump and pro-Clinton. Trump is anti-establishment, and Clinton (as Julian Assange most recently stated) is “the central cog of the establishment.”
Most news comes from either Reuters or the Associated Press. Reuters is a private company owned by a Canadian conglomerate, Thompson Corporation (Reuters was purchased in 2008 when it feel on hard times, due to the Great Recession). Associated Press is a multinational, non-profit news agency owned by its contributing media companies, so there’s no major financial influence in this case (in fact, any one company cannot own more that 15% of shares).
There are lots of conspiracy theories about both these key news sources being influenced by the Rothschild family, but I certainly can’t find a link. No matter, because the point is that two agencies channel the bulk of the news worldwide. There are very few independent investigative reporters anymore. The faltering economy has meant downsizing across all media and the highest paid were the first to go.
As per the graphic above, where there were once 50 independent media companies in the US, there are something like six. Wikipedia arguably has the most unbiased summary of the media ownership environment today.
The bottom line is that there are only two major sources of raw news. And there are very few distributors of that news in an economy that for a long time, has not been financially friendly to media companies. They’re selling out just to stay alive.
So let’s leave behind the idea that one or two people are controlling the narrative. I think the more likely scenario is that the competition between these media outlets is so intense that news stories are selected for their ability to titillate, excite, and therefore, draw viewership.
I’ve spent most of my life in commercial and corporate media and I’ve most often found this to be the case. We have a situation of media companies trying to stay alive by creating as much viewership as possible to attract more advertising dollars in return. That doesn’t necessarily support selecting stories either on importance or merit. In fact, it’s completely the opposite. You tend to take the most expedient route to delivering content.
The fact is that most media companies have a reduced ability to fund their own news gathering. What you have is an economic filtering system that results in a few major stories covered from two main sources.
Then there’s the required turn-around time, which is a matter of hours and often less. So we end up with “info-tainment” instead of news. Any perceived controversy ends up being the lead story, researched and verified, or not. The added competition from social media has watered down the potential audience even more.
We live in a world where whatever is adequate enough to do the job wins, and that’s the situation not only in media but throughout industry.
New cars are being recalled en masse, smart phones are blowing up, dishwashers have shorter and short life spans, air bags in cars simply don’t work as advertised. This is one of the key themes of major cycle tops: complexity. So much complexity exists in virtually all aspects of society that there’s an ever-increasing reduction in the benefit: The Law of Diminishing Returns.
And that result, my friends, strangely enough, is a side effect of the reduction in the amount of money in the economy. The velocity of money has been dropping consistently (M2) since the late ’90s. That’s a measure of deflation. We’re in the early stages. Here’s the most recent chart from the Federal Reserve.
There is simply less money around to do the things we’re used to doing. That means cuts. Cuts to just about everything. Budgets get slashed, people get let go. It’s the beginning of a deflationary spiral.
So let me try to summarize this thread for today.
We have an international banking cartel in charge of the world economy. They create the money that each of the major economies use on a country-by-country basis and they charge compounding interest for this service. That interest pulls that same amount of money out of the economy (Canada for example, has paid this banking cartel over a trillion dollars in recent years). The money comes out of the economy because that interest is paid for by income taxes. Those taxes end up going out of the country to these European bankers.
Therefore, there’s less money in the economy, which over time, begins to deflate.
Only one of the industries that’s affected is the media. Concentration becomes reduced to a smaller group of players … the elite, or establishment, whatever you want to call them.
But it doesn’t stop there. The Bilderburg Group is made up of 120-140 powerful people who meet annually to discuss policy. They’re connected to just about everything on Earth. Here’s a chart showing their influence:
You don’t need to be a conspiracy theorist to see that the money lenders are back in control; the one percent is in charge of the economy internationally. Money and influence are concentrated in but a few at the very top. But this is the same story that gets told every 500 years, as I’ve posted before.
We’re seeing it play out most dramatically in the US election. But this revolution in power, money, and media is actually starting to take place all over the world. The establishment in democratic countries around the world is starting to lose its power. In some countries, of course, the reverse is happening—power is tightening up—there is a move to totalitarianism.
So thank goodness, in a way, for natural cycles, because they tend to exacerbate the situation and eventually bring a crash and a complete reset.
You simply can’t beat Mother Nature.
I have another interview coming up on Trunews on November 11, 2016.
Shuffle One Wave to the Right
They say first intuition is usually right. I should remember that!
Originally, I had pegged the ending diagonal as being much smaller and the configuration I’m now forced to turn back to. But, once we have the turn up on Monday (that’s what I’m projecting), the rest of the ending diagonal is much more certain that it has been to this point.
My Original Ending Diagonal Projection (August 23, 2016)
Above is the daily ES projection from August 23, 2016. I should have stuck with this projection as this is exactly what appears to be playing out, except that wave 2 has not dropped as far as my original projection allowed for. There’s no way to know how far down it will drop. Once it does though, the lower range of the ending diagonal is in place.
That was a little over 2 months ago. I changed my tune slightly and went with a version of the ending diagonal that put us in the fourth wave. That worked out just fine, until Friday, when we went just a bit too low for the wave we were in to be wave 4. So … back to the alternate. This wave down is most definitely wave 2 of the ending diagonal.
We simply shuffle our wave designations one to the right, but everything else remains the same. We’re now entering wave 3 (it should move up quite quickly). It has to get to a new high above the previous high and it has to trace out that distance in three waves. Then we’ll have a small fourth and a final fifth up to the top.
I’m now projecting a top at the end of the year or into early January.
Above is the daily chart of ES (emini SPX futures) with an updated projection for the ending diagonal.
USD currencies have turned up. The markets around the world (as I’ve been saying since September of 2015) are getting more and more closely aligned. We have an international “market convoy” for the first time in history. It’s not good news for bulls.
There is one final pattern that still has play out to put an end to the decadent party we’ve been experiencing for the past century or so. Elliott waves are the micro harbinger of the future. The turn will occur only when the last waves have found the top tick, when the mood of the masses have turned more negative than positive. That time is almost at hand.
Summary: We are completing the second wave of the ending diagonal before zigzagging to the top of the largest bubble in history. The long awaited bear market is getting closer.
Let’s look at a recent projection from the Trader’s Gold service.
Above is the daily chart of EURUSD. I had predicted a turn up in the euro was imminent on October 24. The euro has now turned as predicted and is heading up to finish the final E wave of the triangle.
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