Why is mainstream media always behind in knowing the likely double dip recession is coming or didn’t see the Global Credit Crisis
If you’ve been following my blog you’d know I’ve been predicting a double dip recession in the US and possibly globally, for some time.
I’ve also been predicting the US Share market will continue to decline as it is overvalued and I expect a significant drop before November 2010.
Plus, I’ve also predicted the US Property Market has not yet bottomed.
I also predicted sometime ago, re the recent Property Boom In Australia, over a year before it occurred – when the media was suggesting a Property Crash instead.
So why am I and others able to report what’s likely to happen economically, well before mainstream media, in both Australia and the US?
Is it because we have a crystal ball? Or are we good at guessing? Or perhaps smarter?
No . Not at all.
Actually…ok…maybe we are, at least smarter, than some lowly paid financial journalists.
It was only yesterday that the Financial Review in Australia headlined…..US Housing Slump Fuels Fear of a Double-Dip Recession.
And the day before, there were concerns the US stock market now has a strong chance of dropping to new lows within the next 40 days.
Why is there a delay in this information reaching the mainstream media? Weeks or months more notice could have helped so many investors? The same thing happened before the credit crisis.
Even one of the largest Hedge Fund Managers was critical that the mainstream media failed in its duty to forewarn investors when the writing was largely on the wall, of what was coming.
I mean, how did the US Media not raise concerns of impending credit crisis, when for years it was obvious what was happening with the US Property Market, with anyone being given a loan to prop up the market.
Is it because the main stream media is compliant with the US Federal Reserve and the US Government in not wanting the masses or investors to know the likelihood of upcoming market and economy meltdowns.
Is it because they are hoping, if they can fool enough people for long enough, the reality may not happen?
Some may say that the markets depend on confidence, so its important they do try to keep the market’s confidence by not highlighting all the facts.
Whatever the reason, as an investor, you need to understand.
1. The mainstream media is often delayed in providing the information you need to make astute investment decisions.
Whether deliberate, or from incompetence, or it’s not in their best interest, the end result is if you wait to find out what’s happening via the same sources the masses do, then you’ll be left dead as an investor…like the masses.
However, if you can source information and know certain things ahead of time, with a high degree of certainty, well before the masses, this gives you a massive advantage as an investor.
Thus why its critical as an investor to not only get educated initially, but to remain updated and continually educated.
This is one reason I allow my 21st Century Members access, for no additional charge, to 5 years worth of 4 Day Education For Life Seminars, so I can update them on what’s happening economically, in advance of the masses knowing.
As an investor that can be worth hundreds of thousands, if not millions, of dollars to know in advance what is likely to happen.
It is not good enough to be educated just once.
To be successful you need to enrol in ongoing education for life, to continually not only grow as a person, but to be updated with what’s happening in the investment markets.
Its very expensive otherwise, to wait until everyone else hears about it.
Information is power and as an investor, this equals money.
It doesn’t mean we will always predict correctly, nor always win.
However, its simply a matter of stacking the odds in your favor.
Be different
Be educated.
Become wealthy.

Jamie McIntyre
CEO 21st Century Education










Great post Jamie! If there’s one thing that I’ve learnt from reading your books, its that you need to do your own due diligence. You can’t rely on your financial planner, banker or anyone else for that matter to give you the advice or info that you need.
Mainstream media are puppets to their owners. Investors (and the public in general) need to dig deeper and not just rely on mainstream. If we don’t then we’re definitely going to be caught with our pants down in the coming months. And this lesson could be very costly.
It definitely explains why so many Australians and Kiwis are in denial about the upcoming double-dip recession.
Whether you’re an investor/home owner or everyday Joe Bloggs – this recession is going to affect everyone in one way or another.
Read Jamie’s books and learn how to take control of your financial future – because no one else is going to do it for you.
Hi Jamie,
As you say, the mass media play chess with people and do not show them their true agenda because they have too much information will, not give a informed decision because they do not want to be seen as in the know and do not want a backlash from the general public. It is cowardice at play and they either tow the line and head blindly ahead bumping into brick walls along the way because they need to wake up and tell it as it is. The writings are on the wall and instead of reading all the writings they are too busy at one place or rubbing out the news at another. They do not want to be accountable and people want respect, and the knowledge of what is going on since they rely on media so much so, that they think it is just a load of hogwash most of the time. Media is like politics, one minute they are blowing that way next minute they are blowing this way and have revealed some truths but not enough to establish good solid, lets get together and do this because a will happen and b will happen so c is… . They need to admit they do not have all the answers and need to talk to the people too so there is a constant exchange of info amongst the media, politics and the people. The media and politics need to come up with the goods that a lot of the time, they know what they are on about and ask for help like what do the people thinks other than the professionals and stop being so stuck in the mud.