Investing in Yourself

Analysing and Fact Checking Information|(Part 2) Scams, Echo Chambers, Conspiracy Theories, Fake News, Media Bias

BiG Tips: Part 1 of this series shows you ‘how’ to fact check. These government and non government sites and resources help you find ‘who’ and ‘what’ to look out for and ‘where’ to report and redress.

Fact Checking

RMIT ABC Fact Check They say: “Assesses the accuracy of claims by politicians, public figures, advocacy groups and institutions engaged in public debate. A collaboration between the ABC and RMIT University. Australian focus.”
Great Fact Checking Library Guides on Fake News, Fact checking toolkit and more

Common and Not So Common Scams

Money and Finance

MoneySmart (ASIC) lists companies not licensed to give financial advice, or their Online stockbroking scams list. This website they say: “is for all Australians – young or old, rich or poor, investing or paying off debt. We offer free, independent guidance so you can make the best choices for your money. We are not selling you anything. And when life puts your finances under stress, MoneySmart is here to help you ride the storm. We have smart tips on dealing with the ups and downs of life: losing your job, having a baby, divorce or separation, buying a home, losing your partner and many more.” 

Here’s their warning list of common tricks:

  • COVID-19 phishing scams Directing you to a fake website
  • Stopping you pulling out of the deal
  • Threatening legal action
  • Using social media to approach you or your friends
  • Artificially inflating the share price
  • Passing your call along the line
  • Calling or emailing you persistently
  • Operating from overseas

    ASIC suggests you ask questions and request information such as:

The best way to protect yourself is through awareness and education. The Little Black Book of Scams is recognised internationally as an important tool for consumers and small businesses to learn about scams including:

  • the most common scams to watch out for
  • the different ways scammers can contact you
  • the tools scammers use to trick you
  • the warning signs
  • how to protect yourself, and
  • where you can find help.”

ScamWatch (ACCC)
Types of Scams:

  • Current COVID-19 (coronavirus) scams
  • Attempts to gain your personal information
  • Buying or selling
  • Dating & romance
  • Fake charities
  • Investments
  • Jobs & employment
  • Threats & extortion
  • Unexpected money
  • Unexpected winnings
  • Flubot scams

AFCA The Australian Financial Complaints Authority  they say: “considers complaints that previously would have been handled by the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal. We are the dispute resolution scheme for financial services. We consider complaints about:

  • credit, finance and loans
  • insurance
  • banking deposits and payments
  • investments and financial advice
  • superannuation.

Victoria’s Consumer Action Law Centre is a great resource.

Franchises (mediation services),

Horticulture (mediation services),

PrivacyTelecommunications, Australian Communications Consumer Action Network

Medicine and Health

Friends of Science in Medicine, Aus

How Fake Science Can Fool You (YouTube) Wisecrack (USA). 

Pseudoscience: It’s easy to mock it, and even easier to fall for it.

Wisecrack (USA)

Anti-Vaxxers: What Went Wrong, Wisecrack (YouTube)

Energy and Gas | Oil/Petrol

Echo Chambers

Idea Labs and Echo Chambers – Tim Urban [USA] Wait But Why

Conspiracy Theories

Watch – The Psychology of Conspiracy Theories, BuzzFeed. They say: “People are susceptible to conspiracy theories by nature, and periods of uncertainty and heightened anxiety increase that susceptibility.” 
An AI tool can distinguish between a conspiracy theory and a true conspiracy – it comes down to how easily the story falls apart, Timothy R. Tangherlini, The Conversation 
To combat conspiracy theories teach critical thinking – and community values, Thomas Roulet, The Conversation

Fake News

How to spot fake news online, Australian Government

See [Part 1 in this series] and the University of Washington iSchool, Calling Bullshit lecture Series (You Tube)
The Spreading of Fake News
Fake News Definitions and Examples
The Ecology of Fake News
Sharing as Social Signalling

Stamping Out Fake NewsHow Fake Science Can Fool You (YouTube) Wisecrack. They say “Pseudoscience: It’s easy to mock it, and even easier to fall for it.”
Russell Brand especially in Russell Brand Blasts MSM Lies in Mindblowing Interview

Media Bias

MediaBias/Fact Check (MBFC) (USA) [FB Page] They say: “founded in 2015, is an independent online media outlet. MBFC is dedicated to educating the public on media bias and deceptive news practices. MBFC’s aim is to inspire action and a rejection of overtly biased media. We want to return to an era of straight forward news reporting.

*CHECK THIS OUT! Plug into their ‘search’ any media source WORLDWIDE for their bias rating: Left Wing – Right Wing and in between.
Search Australia and you get a comprehensive list of Australian media outlets and their bias rating. Their News Facts Networks claims “Verified Factual News from Media Bias Fact Check” NFN will only publish news summaries that are certified to be factual according to the editor of Media Bias Fact Check. While a source may be rated Mostly Factual by MBFC, we will ensure that the article is factual before publication. In the unlikely event that something is not factual or circumstances change we will immediately issue a correction.

See to RMIT/ABC Fact Check How large is Rupert Murdoch’s reach through News Corp in Australian media, old and new?

Ground News (Canada) (App) World’s first News Comparison Platform or Online
Watch how it works.

The Truth About Unbiased News (watch- You Tube) Wisecrack

by | Jun 19, 2022 | Investing in Yourself | 0 comments


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