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Top Three Videos – October 24, 2023

The US Government’s Not-So-Secret Propaganda Department

Horses...

Summary

The US Department of Defense collaborates with Hollywood to produce and influence movies as a form of state-sponsored propaganda, perpetuating a pro-military narrative and manipulating public opinion.

Key insights

  • The movie cleverly tricks the audience by highlighting the absurdity of propaganda and its ability to manipulate people’s perceptions.
  • The US Department of Defense has a long-standing relationship with Hollywood, providing funding and resources for movies in exchange for the ability to review and make changes to the films before release.
  • The US military has significant influence over the portrayal of its image in Hollywood films, even having the power to approve or change scripts.
  • Recent Freedom of Information Act requests have revealed that the Department of Defense has provided lists of movies they consulted on, highlighting the extent of their influence on media.
  • The Call of Duty games perpetuate the idea that military interventionism is necessary for global stability, portraying fictional alliances of countries as enemies united by a hatred of freedom.
  • The US government has a long history of using propaganda, with roots dating back to World War One, to influence public opinion and promote pro-war messaging.
  • The Writer’s War Board (WWB) during World War II was described as the “largest propaganda machine ever created,” serving as a go-between for writers and the US government.
  • Pro-war media subtly but effectively normalizes global violence and American imperialism, perpetuating the acceptance of forever wars.

Gold to Pause at $2000 Resistance

The Daily Gold...

Summary

Gold is likely to face resistance at the $2000 level and may experience a pause or pullback, but if it maintains strength and breaks above $2100, it could gain momentum and outperform other sectors.

Key insights

  • Gold reached a high of $2009, but faces significant resistance at the $2000 mark.
  • Despite potential pullback, the market still maintains strong momentum.
  • “The steep rise in gold has a lot of momentum, but there is significant resistance at around 1940, which could be a level it will come down to.”
  • Gold is expected to face more resistance compared to silver, with multiple levels to break through before reaching higher price points.
  • The market’s momentum may affect gold’s correction, but it is still considered the driving force.
  • Gold’s resistance at the $2000 level is a significant and natural area where it could potentially pause in its upward movement.
  • GDXJ, a gold mining ETF, is facing resistance at around $36-$37, suggesting a potential struggle to surpass this level.
  • Gold is the driving force in the market, and for the rest of the sector to perform better, it needs to break above $2100.

The Government Is Not Being Honest About Inflation

Peter Schiff...

Summary

The US national debt, inflation, and economic struggles are leading to a potential sovereign debt and US dollar crisis, and individuals should protect themselves by investing in gold, silver, and foreign stocks.

Key insights

  • “The US national debt has risen by 444 billion in the past two weeks. At that pace, the US will be adding 11 trillion per year to the national debt.”
  • The problem of accumulating trillions in debt that can never be repaid due to reckless spending and artificially low interest rates.
  • The problem with inflation is that it’s resulting in more spending but buying less, as Americans are paying more for the same products.
  • Prices for items like lentils and chicken broth have more than doubled in the past year, indicating a much higher inflation rate than reported.
  • “Journalists who support Biden are activists who don’t understand the real economic struggles because they live in a bubble and only interact with the political elite.”
  • The rich may not feel the impact of inflation at the supermarket, but they will feel it in the stock and bond markets.
  • The government’s increasing debt will lead to inflation, as they will have to create more money to bail out people with student loans, resulting in higher prices for everyone else.
  • “You can invest in the right things, buy gold and silver, and get out of US currency to protect your wealth from the increasing inflation tax.”

 

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