Its not that I am saying americans are bad or stupid, they just have a certain slant, a certain proclivity. The Japanese have other blind spots. The Germans... The Swiss...
Americans have this unique bent, where they believe the TV people; when the TV people basically do not explain anything, they just tell you the result. And thus, many americans think they know something, but all the know is the talking point, and that's it.
Jim Cramer is a money news person, who did such thing as saying that Bear Stearns is strong and stable and everyone should invest in it, the day before it crashed. And he has continuously made such catastrophic calls. But, he is still on the TV and many people puppet his statements.
I admire people like you that actually get the low down from the source.
I find most places brave a large majority who blindly trust their preferred media, even some who say they don’t trust it but actually do. But Americans have a strong desire to convince everyone else’s what they “know”, not exclusively Americans, but it can be very extreme sometimes.