Posted on 10/21/2009 6:12:46 AM PDT by markomalley
On Tuesday, Matt Drudge ran a headline about the weakening U.S. dollar on his website, Drudgereport.com. In and of itself, that would be unremarkable, except that it was the 18th time Drudge had posted a link to a story about the weak dollar this month.
And October was only 20 days old.
Clearly, Matt Drudge has developed a fascination with the declining U.S. dollar.
“He’s fixated on it,” said Tom Rosenstiel, director of the Pew Research Center’s Project for Excellence in Journalism. “There’s no question that Drudge can alter what people are paying attention to.”
Market watchers say it’s unlikely that Drudge is actually moving the currency markets with his relentless attention.
“I don’t think that anyone who seriously trades currencies reads The Drudge Report before making important buy or sell decisions,” said Chris Roush, a professor of business journalism at the University of North Carolina at Chapel Hill.
But Drudge does have the ability to put news items on the radar screen of major media outlets and political figures in Washington. And other people are paying attention to Drudge, too: A source close to the U.S. national security community said that Drudge’s link to a story in the [London] Independent earlier this month instantly grabbed the attention of senior American officials.
The story raised the prospect that foreign governments were in talks to replace the U.S. dollar as the default currency for oil trading. Any kind of coordinated attack on the value of the dollar could be seen as a national security threat, and defense and intelligence officials were curious about the source of the anti-dollar rumors that day.
(Excerpt) Read more at politico.com ...
You beat me by 54 seconds. That’s what I get for taking the time to format! :O)
Saaaaaaaaaaay .... have they figured out exactly what went on in Sept 2008? And who was doing it?
For your own good, it's being kept secret. Don't be so nosy.
It's actually pretty scary if our "senior American officials" are getting their initial intelligence from the Drudge Report (no offense on Drudge), much less from the "London Independent" news.
It's actually pretty scary if our "senior American officials" are getting their initial intelligence from the Drudge Report (no offense on Drudge), much less from the "London Independent" news.
From what I have been able to find out, there was a huge withdrawal from the Federal reserve, something like 5 billion dollars in a few hours. This had to have been by some kind of financial entity and apparently it worked. I believe the dims made a deal with someone to wreck the economy in order to win the presidential election. There was one (1) only youtube video of some congresscritter laying out what happened. Absolutely NO news on this event from anyone. This story has to implicate someone big with a lot of power because it has been buried real deep. Ironic thing here is that the dimrats started a forest fire in order to win the election, but the fire is out of control and they have no intention of putting it out.
“Never let a crisis go to waste”. Dim party platform.
The declining dollar should be one of the biggest stories in the media right now.
“Tom Rosenstiel, director of the Pew Research Center’s Project for Excellence in Journal”.
Having listened to this person on NPR’s “On the Media”, I can say that this “project” does not live up to its name at all. Mr. Rosenstiel’s bias against conservative media is evident in his not-quite subtle comments and of course never challenged by the NPR interviewer. He has probably helped identify what targets Zero needs to focus his attacks on.
Foreign Stocks (Unhedged)
Foreign Bonds (Unhedged)
Oil
Gold
TIPS
F500 (40% foreign earnings)
Anyone heard of the Bilderberg Group? New World Order? There is internet talk that the dollar had to be destroyed to enable the New World Order. This years meeting of the Bilderberg Group included George Soros, Lawrence Summers (Obama’s economic czar), Timothy Geithner, Robert Zoellick (past Chairman of Goldman Sachs and current president of the World Bank), David Rockefeller and other architects of the current crisis. It is said that when the Kremlin bacame aware of the Bilderberg Groups intent to destroy the dollar, Medvedev along with China, Brazil and other nations proposed a new currency to replace the collapsing dollar.
Drudge is more powerful than Soros and the associated US government policies? Give me a break....
hh
BTTT
Drudge did it. Yeah, that will work.
More importantly, Drudge doesn’t write the news stories. He just links to them. So it would seem that other elements of the press are seeing this problem for what it is.
Has everything negative stopped being Bush’s fault?
There is a lot of question whether Drudge alters what people are paying attention to. In the first place, all Drudge does is report what is being reported elsewhere, and for the most part, the factual quality of what is reported lies with the original author and not Drudge.
Drudge's main talent is an terrific eye for stories that a lot of people will find interesting, i.e. he is doing the job that any good editor (there aren't any others) would be doing, except that the slimes or compost don't want to report, accurately, on the the things that would interest their readership. Even though it might help them sell newspapers and be good for the shareholders they are much more interested in squandering what little influence they have left.
So, the marching order goes out to blame some news aggregator that such people have never even read, let alone heard about, other than having some vague notion of "right wing" because the state controlled media says so.
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