Wednesday, October 18, 2017

There should be more focus on important issues such as excessive debts and unfunded liabilities

Marc Faber denounces the focus by the media on unimportant issues on his latest market newsletter,

"The liberal media has successfully brainwashed the public into accepting Keynesian and political interventions as desirable."

Stating Historical Facts can make one seem politically incorrect,

"Today's politically correct society prefers to waste its time with tearing down important historical monuments that are a reminder of our history, even if it was not always glorious. Important issues such as how we are going to resolve the problem of excessive debts and enormous unfunded pension fund liabilities, etc are ignored or neglected."

Another issue with today's media and sentimentalization is the media often jumps to use any content or statement without taking into account the full context. Marc Faber in a statement to MarketWatch adds,
"If you have to live in a society where you cannot express your views and your views are immediately condemned without further analysis and analysis of the context in which [they’re written]—if you can’t live with that, then it is a sad state of where freedom of the press and freedom of expression have come."