By David “Newman” Phillips

Main street media has been blasting Sirius XM Radio (SIRI) left and right. They point to 3.4 billion dollars in debt. They point to the 40% dilution that Sirius had to give up to Malone for their rescue. They point to the fact that the company has never made a profit. They point to the fact that over the past year Sirius XM has lost investors 95% of their investment. While each of these facts are essentially true, they fail to tell the WHOLE story. They fail to mention how in one of the worst economies since the great depression, Sirius XM was able to find financing when the likes of Circuit City and even Lehman Brothers were forced to go bankrupt and liquidate. They fail to mention that Sirius XM has just had their first two quarters of being EBITDA Positive back to back. They fail to mention that those who bought in during the February lows have actually MADE nearly 600%. They fail to mention that Sirius XM is projected at having over $350 million in positive EBITDA for 2009. They fail to mention that OEM sales are starting to trend back up. They fail to mention that the bankruptcy proceedings of Chrysler and General Motors (GMGMQ) are nearly complete, with Chrysler announcing today that they would resume production.

The truth is that the media shapes every thought for a huge majority of the people across the country. The media can twist and turn any story, any case, or any set of numbers into anything they want. They hit you with repetition of the same facts, perhaps in a slightly different way, until you start to believe them. They do this day in and day out, and they do a damn good job of it.

Have you ever researched anything? Perhaps a drug. If you go to the drug manufacturer’s website, you will find a ton of studies that tell you exactly how safe and effective their medications are. Luckily, there are independent studies that come out to prove most of the drug company studies faulty or confirm their effectiveness. We would like to think that media outlets would be the same way. CNBC cannot report something that is not true, because Fox Business News will come out and report the truth! But what happens if Fox doesn’t come out and report the truth? What if NO media outlet comes out and reports the truth? What if, instead, they were hit the same way we are, and then THEY start reporting the same thing? Where does fantasy become reality? Answer: On the News.

Let’s discuss the U.S. financial collapse. On March 11th, 2008 somebody made a huge gamble that the banking industry would be collapsing. This trade was characterized by a trading firm as “not even on the page of rational behavior, unless you know something.” This “gamble” cost someone $1.7 million dollars, but earned them $270 million in only 7 trading days when the price of Bear Stearns collapsed from $65 per share to just over $5.  Did you know about this? I’m willing to bet that a huge majority of you did not. That is because apparently, someone predicting the largest decline and eventual collapse of Bear Stearns was not considered news worthy to the main street media. Neither was the fact that over a 5 day period, nearly 50 million phantom shares were sold and never delivered. Apparently, what was news worthy at that time to the main street media, were the misinformation campaigns that triggered the “run on the bank” that ended up bringing Bear Stearns to its knees. Every closed account, the “fact” that Bear Stearns did not have enough money to cover its liabilities, and every story imaginable was reported on all day and night by the main street media outlets. Each and every one of these stories however turned out to be false, but the damage had been done and Bear Stearns was sold off over the weekend to JP Morgan for a couple of pennies on the dollar. That was the reality that main street media portrayed, and thus the reality that came to pass. Check out this video (one of many) over at DeepCapture.com to learn more about this incident.

 In April, the swine flu hit the press. The U.S. Centers for Disease Control sprang into action and began to education the public as well as the medical community regarding the disease. As some of you may know, I am a registered nurse by trade, and work in the emergency department. We were updated and educated about the swine flu and were made to attend in-services and briefings. That night, I saw a story about the swine flu on the news. Wow, we just were briefed on that today I thought to myself. The next day, the emergency department was flooded with phone calls regarding the swine flu. The day after that, we were flooded with patients. For a solid two weeks, we operated our emergency operations tent and treated over twice the normal number of patients. People did not even know what the swine flu was. I honestly had someone who told me that they got sick after eating bacon, and that they were afraid it was swine flu. Every night the news would bring another story of someone who died, or another school closing, or another city where an outbreak was suspected and every day more people would come into the emergency room in panic.  A full 2 weeks of this craziness passed until the CDC decided that the swine flu was not nearly as much of a threat as they thought. News stories vanished from TV virtually overnight. Within 2 days from the date of that announcement, our patient flow was back to normal levels.

All in all the hospital spent nearly 75 million dollars in additional staffing and supplies, performed well over 2500 flu swabs, for a total of 9 confirmed cases of H1N1 Flu. By the way: Each of those 9 cases were discharged from the emergency department and required absolutely no treatment other than a prescription of Tami Flu.  According to some sources, to this date in the United States there have been around 15,000 confirmed cases of the Swine flu, with a total of 49 deaths. While this may sound tragic, it is only a drop in the bucket if you compare it to the REGULAR flu, which the CDC estimates kills 36,000 EVERY YEAR in the US. While the numbers do not lie, this is not the truth that the media was reporting. While they were technically reporting the truth, it was not the WHOLE truth. The media was reporting the swine flu as if it were the black plague. This was the truth according to the media, and it became the truth for millions upon millions of people worldwide. When the media blitz died, so did the fear and panic of the swine flu.

As of today, StockShock – The Movie is shipping after a freak delay. This is a movie that hopes to expose the truth about Sirius XM, as well as Wall Street. The problem however, is that is appears that the Main Street Media will fail to mention this as well. The movie has been publicized on countless blogs, yet a Google (GOOG) search for StockShock will not reveal a single main street media outlet even mentioning the movie. Those who do the research know the truth, but the media is creating the truth for millions upon millions of people who don’t.

With big names like Michael Moore and Oliver Stone also producing movies due out later this summer regarding the American financial system, will the media ever turn around and tell the FULL truth?  We can only hope.

If you do not believe that the media controls this country, it is because the media has told you to not believe it.

 - David “Newman” Phillips 

Disclosure: LONG SIRI, no position any other security mentioned

Contact the Author at Newman@satwaves.com

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