Only the new media predicted the current stock market gyrations
while the mainstream media spewed government and corporate propaganda
(NaturalNews) When U.S. Treasury Secretary Jack Lew told a gathering of scholars and academics at the Brookings Institute in July that Americans were immune from weakening markets in China, the mainstream media dutifully reported it.
"I
will say that China's markets still are pretty much separated from
world markets," the Secretary of Treasury, said, without being
challenged. "They're, obviously, moving towards being more integrated,
but right now they're not."
"So you're not going to, I don't
think, see the direct linkage there," he added. "I think the concern,
that is a real one, is what does it mean about long term growth in
China."
Less than a month later, U.S. markets – along with those
in Asia and Europe – are being hammered after China's Shanghai Index
lost more than 8 percent of its value, completely erasing its 2015
gains.
As of this writing, it is Monday morning on August 24; upon opening, U.S. markets plunged 1,000 points shortly after the opening bell,
rebounding somewhat in the subsequent hours. But it's been a roller
coaster; down 600, down 400, down 425, etc. Anywhere but up.
