A Wiki World (Part Four)

Among the fallout from the Wikileaks document dump is one clear loser: anyone who travels in conspiracy theories.

Here are hundreds of thousands of secret memoranda and there’s not one mention of the Trilateral Commission, no meetings upon a Grassy Knoll, no Elder Protocols. Those who think that the U.S. is managed by an elite cabal of overlords will have to explain why their pet theories came up empty.

Of course absence of evidence is not evidence of absence. You can’t prove a negative, which is why conspiracy theories survive–and even thrive–despite their having no support.

There are still some who think that Assange’s revelations are part of a Master Plan. Ahmadinejad thinks it’s psychological warfare. Many Russians see it as a plot by U.S. hardliners to discredit President Obama. But most folks who’ve read the news have met it with a yawn. Is this all they’ve got?

No assassination plots; no secret payments; no mysterious mountain retreats–just a bunch of boring chatter about Berlusconi’s nightlife and Saudi hostility to Iran. It’s hard to see where the leaks stop and the fiction begins when The Onion reports that Syria attended a Mideast peace conference in order to snag a free continental breakfast.

Without a doubt the leaker is a thief (and a traitor) and Julian Assange is a fence, trafficking in stolen property. But if the most embarrassing revelation is a diplomatic cable about Muammar Qaddafi’s weirdness, the world is a pretty banal place.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-12T10:52:00+00:00 December 14th, 2010|Uncategorized|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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