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Dear Reader,

It’s disheartening to consider how far we’ve strayed from the golden days of journalism and broadcasting. Once home to the likes of Edward R. Murrow and Walter Cronkite, the American media used to have at least a measure of integrity in reporting; today, credibility in the media is as much a bygone relic as phonograph records or floppy disks.

These incidents create a snowball effect, culminating in an avalanche of evidence against a corporate press that simply cannot be trusted anymore. No wonder Trump has called them the enemy of the people and chose not to attend the White House Correspondents’ Association’s annual dinner: the discord is palpable between Trump and the media, with few Americans sympathizing with the latter.

The impact of the mainstream media’s degradation cannot be overstated. Everything from elections to food recalls depends on the media to disseminate factual and unbiased information to the public – who, despite growing distrust, continues to depend on the media for accurate and unabridged news.

When FCC Chief Newton Minow described television as a “vast wasteland” in 1960, I doubt he could have envisioned just how deep and putrid this wasteland would get in the era of fake news and agenda-driven reporting. Depending on which channel you’re tuning in to, you never know what cherry-picked facts – or worse yet, entirely fabricated “data” – you’ll be exposed to.

A separate Gallup poll revealed that among major American institutions, newspapers and television news were some of the least trusted; television news was the second least trusted institution, outdone only by Congress.

Sloppy and/or downright disingenuous journalism during the past few years has only provided more ammo for mistrustful media consumers. Case in point: duped by a parody Twitter account, The New York Times falsely reported that former presidential national security adviser Michael Flynn had accused President Trump of making him the “sole scapegoat for what happened.”

In another shameful instance, CNN’s Don Lemon claimed that Former Attorney General Loretta Lynch had recused herself in 2016 from the federal investigation of Hillary Clinton’s private State Department e-mail server; as it turns out, this recusal never happened.

But just because the news is fake, doesn’t mean that the truth is dead: it’s actually alive and well, if you’re willing to dig for it. The same media that said Trump would lose the 2016 election and Brexit would never happen was eagerly declaring the death of Bitcoin at $3,200 – after which it rose to $5,600 as blockchain adoption continued its rapid and relentless expansion.

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I choose to believe what I’m actually seeing in the American economy – not the Federal Reserve’s narrative that inflation isn’t a threat. The mainstream media fell for it hook, line, and sinker, but I’m not buying their version of the truth.

Central banks around the world aren’t buying it, either; that’s why they’re loading up on gold, a tangible form of money that will retain its value as the U.S. dollar deteriorates into worthlessness. You won’t see this reported in the mainstream media outlets – nor would we expect them to, since it doesn’t fit into their agenda.

A separate Gallup poll revealed that among major American institutions, newspapers and television news were some of the least trusted; television news was the second least trusted institution, outdone only by Congress.

Sloppy and/or downright disingenuous journalism during the past few years has only provided more ammo for mistrustful media consumers. Case in point: duped by a parody Twitter account, The New York Times falsely reported that former presidential national security adviser Michael Flynn had accused President Trump of making him the “sole scapegoat for what happened.”

In another shameful instance, CNN’s Don Lemon claimed that Former Attorney General Loretta Lynch had recused herself in 2016 from the federal investigation of Hillary Clinton’s private State Department e-mail server; as it turns out, this recusal never happened.

But just because the news is fake, doesn’t mean that the truth is dead: it’s actually alive and well, if you’re willing to dig for it. The same media that said Trump would lose the 2016 election and Brexit would never happen was eagerly declaring the death of Bitcoin at $3,200 – after which it rose to $5,600 as blockchain adoption continued its rapid and relentless expansion.

I choose to believe what I’m actually seeing in the American economy – not the Federal Reserve’s narrative that inflation isn’t a threat. The mainstream media fell for it hook, line, and sinker, but I’m not buying their version of the truth.

Central banks around the world aren’t buying it, either; that’s why they’re loading up on gold, a tangible form of money that will retain its value as the U.S. dollar deteriorates into worthlessness. You won’t see this reported in the mainstream media outlets – nor would we expect them to, since it doesn’t fit into their agenda.

And while the corporate press suppresses skepticism in favor of political correctness, a new grassroots movement is taking shape: personal responsibility is the new counterculture as American citizens demand accountability from reporters, financial institutions, corporations, and elected officials.

At the end of the day, the mainstream media’s credibility problem is self-created and self-perpetuated, an ugly comeuppance that discredits a once esteemed institution. Your best defense, then, is to focus on what’s real in the era of fake news: self-education, self-empowerment, and self-reliance – remnants of the good when reporting has gone bad.

Prosperous Regards,

Kenneth Ameduri
Chief Editor, CrushTheStreet.com

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