This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Killing the Debt-Crisis 'Godzilla'

VANCOUVER, Canada (Bullions Bull Canada) -- The transformation of the mainstream media from "news" to schlock-entertainment is now complete. Witness this headline from Bloomberg News:

Saving Cyprus Means Nobody Safe as Europe Breaks Taboo

Ooh! "Nobody safe." "Breaking taboos." Sounds like an advertising teaser from some low-budget horror movie. Confirming that we are now dealing with the plot from a low-budget horror movie is the second sentence of the article:

...The island nation's rescue sets precedents for the eurozone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis.

"Who will next fall victim to the debt crisis"? It wasn't banksters and corrupt politicians who stole depositors' money out of Cyprus banks. It was some amorphous, economic "Godzilla" that did the dirty deed. It's not the bankers' fault. It's not the politicians' fault. Blame the "debt crisis."

Where does one start in deconstructing this insane propaganda? The obvious place would seem to be that the "debt crisis" wasn't created by us but by the very same Frankenstein-bankers and Frankenstein-politicians who now claim the right to steal from us to pay for their mistakes.

Obviously, the only people who should be "paying for" the debt crisis are the politicians and banksters themselves. But this merely scratches the surface when it comes to the outrageous half-truths peddled by Bloomberg, primarily through the use of absurd euphemisms.

Stealing money out of peoples' bank accounts is "breaking a taboo?" No -- it is committing a crime. The fact that it is our governments now committing these crimes and that they tell us it's legal does not change this reality in the slightest.

Note the intentionally misleading use of neutral language here as yet a further attempt to absolve the criminals of responsibility for their crime:

The island nation's rescue sets precedents...

Sets precedents? Really? "Precedents" are the judgments of formal trials, pronounced by a judge -- after all of the evidence has been presented and evaluated in an open courtroom. At the very least it is the outcome from some official (and legal) process, like an election. It's not a small group of criminals assembling behind closed doors and arbitrarily choosing to steal assets from a specific group of victims. That's how crime syndicates operate.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs