Andrew Maguire is the story the BBC will not mention. Robert Peston is the BBC’s business editor and on his BBC blog Peston’s Picks he claims to offer his “take on the business stories and issues that matter.”
“Business stores and issues that matter” in this case of course refers to stories and issues that matter to Robert Peston and his fellow mainstream gatekeepers at the BBC. Anything else that might well be of critical importance to you, the general public, will never see the light of day.
Mr Peston’s blog is a typical mainstream filtering device. Corporations like the BBC rely on omission to ensure you are kept ignorant of or steered away from anything that runs contrary to the establishment agenda.
This agenda operates on many levels but is ultimately geared to protecting the interests of power and money. And, in the case of the BBC, it uses your money to do its anti-social work.
Some wonder, therefore, how it is possible to openly criticise the BBC and see your criticism printed. The BBC is a shield designed to deflect and absorb such criticism. The criticism is then used as evidence that organisations such as the BBC are honest and receptive to conflicting opinions. “Fair and balanced” as the notoriously unfair and unbalanced Fox News shamelessly boasts. It’s a clever trick and it works well.
But you will hit a brick wall of silence and censorship when you attempt to dig behind the issues and raise a wider perspective than is approved by the media gatekeepers.
Andrew Maguire’s revelations about fraud in the gold and silver futures market and the comprehensive proof he offered to the authorities that implicates JP Morgan Chase is a classic example of the mainstream media agenda at work.
The Andrew Maguire story has been gathering steam on the Internet for weeks now but the mainstream media has deliberately failed to notice. This story is important as it provides a link to other issues that have unavoidably broken into the mainstream, particularly the news that Goldman Sachs has yet again been charged with fraud for market manipulation.
The Maguire story connects dots, a practice long since extinct at the BBC. Goldman Sachs stand accused of manipulating the housing market prior to the crash of 2008. Will Hutton in his article in the Observer finally realises what has been obvious to many for years.
Hiding behind the complexities of our financial system, banks and other institutions are being accused of fraud and deception, with Goldman Sachs just the latest in the spotlight. This has become the most pressing election issue of all – Will Hutton, Now we know the truth. The financial meltdown wasn’t a mistake – it was a con, The Observer, Sunday 18 April 2010
Well done Will, so will you follow this up to ensure it really does become an election issue? I think not. He’s right though, the banks have been stealing your money for ever. It’s the blue whale in the living room, because elephants just don’t measure up in size to the levels of the fraud we are discussing.
The mainstream media is playing a story about fraud in the housing market that discusses the same type of criminal activity detailed by Andrew Maguire in the evidence he submitted to the CFTC. Why is fraud committed two years ago a hot topic when fraud being committed today isn’t worth a mention? Who is drawing the bigger picture?
In 2009 Matt Taibbi aired all of Goldman Sachs’ dirty and blood-stained laundry in an epic article in Rolling Stone. It catalogues Goldman’s involvement in six major cases of deliberately creating financial bubbles and then profiting by collapsing them.
Does Robert Peston lack the necessary skills to do a Google search as he endeavours to offer his, “take on the business stories and issues that matter?” Is Will Hutton moving beyond the suggestion that tighter regulation is all that is required to control the banksters? He even hints the Lib Dems are ideally placed to come to the rescue. Since when have we heard Nick Clegg or the oracle Vince Cable even mentioning the banks’ perpetual debt machines that have sucked the blood from humanity through the ages?
No, a few new regulations here, a tweak there, a couple of scapegoats thrown into jail and all will be well and everyone can get back to business as usual. It’s called a limited hangout, you concede a little ground in order to disguise the fact you already own the pitch. It’s revealing the bare minimum in order to ensure the minimum fallout.
The banks can’t hide the massive scope of their misdeeds and nor can they hide the immense sum of money it has cost you. They think you are stupid but they know nobody is that stupid. So you get a few of the facts in isolation and they tell you what needs to happen next. The politicians parrot the same song and a consensus is constructed to which you’ll be invited to subscribe at pains of being branded a conspiracy theorist or general malcontent should you refuse.
The issues are very complicated, don’t you know? Far too complicated for you to understand. You need to leave it up to the Robert Pestons of this world to decide how much you ought to know and when you need to know it.
Please follow the links in this article. They’ll lead you on a path that Robert Peston hopes you will never tread. Then go back and read his blog and marvel at his footwork as he dances around the whale.
Andrew Maguire had the courage to step forward and expose corruption. When will the BBC have the courage to do the job we pay them handsomely to do?
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