A Few More Lies and/or Propaganda From Public and Private Institutions

1.  NBC News recently stated that the Fed interest rate hike (.25%) "...is a sign that the economy is improving.".  Nothing could be further from the truth.  That action is a sign that:  the Fed Reserve is recognizing it is increasingly losing credibility... and it is desperate.  For decades, Fed central planners have been facilitating a massive transfer of wealth from the common people to the Upper Crust.  As a result, the economic situation has been improving overwhelmingly only for the Rich and Powerful.  At the same time, Fed interference in the Money Market has caused the rest of us to struggle mightily simply to keep our heads above water.  The outright falsehoods put out by the Fed Gov't (at the highest levels) and regurgitated by the Corporate Media---regarding the unemployment rate, the price inflation rate, the jobs numbers, etc.---cannot belie the fact that we still are in a deep Recession, and heading for a Depression.  [I've detailed why that's true in several previous posts.]

2.  President Obama claims his ISIS Strategy is working, and that we will eventually "defeat ISIS".  About 9,000 U.S. airstrikes in Iraq and Syria (never mind the airstrikes by other members of the "coalition") seem to have had little effect on ISIS, but plenty of negative effects on others--- the killing of innocent civilians, the creation of both refugees and more terrorists, and the destruction of civilian buildings.  Chaos prevails.  As to attacking ISIS sources of funding, good luck with that.  ISIS is funded primarily by Arab billionaires... billionaires.  If ISIS ever faces imminent "defeat", all they have to do is fade back into the woodwork... and live to fight another day.  Military actions are not the solution to the problem, but they are a great distraction from our imploding economy at home.  That has been done by governments for centuries.  Manipulating a population in this way is nothing new.

3.  A high Gov't official (can't recall who) recently stated that ISIS "has declared war on us".  That may be true, but we should keep this fact in mind:  "we" (i.e., our Gov't) attacked ISIS first, well before they did anything to anyone in the West...and that includes the brutal beheadings of Westerners.  I'm not defending ISIS in any way...but facts are facts.  Our Gov't once again stuck its nose into what basically is a civil war; "we" attacked ISIS in Iraq because they were getting close to some U.S. oil company operations there in the northern part of that country.

4.  Our Gov't is not providing an SS COLA (Cost of Living Adjustment) for next year because "according to the Consumer Price Index [CPI], there was no price inflation this year"...so say SSA Officials.  I guess those same officials did no grocery shopping or renting of housing this year...never mind the increase in the cost of OTC meds and various other commodities.  It's true we're in a deflationary period now (e.g., crude oil, most metals, & some other commodities have gone down in price), but that doesn't apply across the board.
A side note regarding Social Security---
Since retirement from wage slavery in 2004, my primary source of income has been SS Retirement.  Unlike some Americans (hopefully not a majority), I don't consider SS to be any type of "welfare".  That money was taken out of every one of my paychecks for over 40 years for the express purpose of helping to provide for my retirement; I want it all back...every penny, and I don't want it stolen from me via inflation of the money supply (which results in commodity price inflation).
Some politicians claim there is no SS Trust Fund.  Not true, there is one...since LBJ first did it, every Administration since then has raided that Fund & used the money for other purposes.  Consequently, the SS Trust Fund is full of U.S. Gov't IOUs.  That's why SS supposedly is in financial difficulty... no other reason.
................................................

Not only my opinion.  Be Well

Game Over

This is a Comment I made on the CBS online newscast for 9-18-13---  [The ADDENDUM below is not part of the original Comment.]

ScottHaley says--- 
1. RE: Fed to keep interest rates low by buying more bonds--- Ask yourself, where does the Fed get the money to "buy bonds"? Is it from the Treasury (fiat printing, out of thin air), or from its member banks (which, according to a 1984 Fed Court case, "are not Federal instrumentalities, but are private corporations")? ["Buying T-Bills or Gov't Bonds" is Gov't-Speak for loaning the Gov't money.] Who gets the interest payments when the Fed "buys bonds"?

2. The Fed Reserve is authorized by the 1913 Fed Reserve Act, a LAW. That Law allowed the Congress to abrogate one of its required constitutional duties: to regulate the value of our money. But there's a problem with that, long ignored by the DC politicos: no law supercedes the U.S. Constitution. Politicians know that full well, but ignore it. This issue is important because Congress supposedly answers to the People, but the Fed (according to Greenspan on a PBS interview back when) "answers to no one"..."no one has authority over us".

3. RE: Obamacare--- According to my research and what was reported on CBS News, a policy via Obamacare tailored to me personally would cost approximately $600 per month. I can't afford a policy for $100 per month. So much for the grand benefits of Obamacare...at least, in relation to me.

4. RE: shutting down the Gov't v. raising the Debt Ceiling--- For the past 80-85 yrs or so, the Fed Gov't has been adhering to Keynesian Economics...essentially, institutionalized deficit spending. It's not a matter of the Gov't being bankrupt in the future; it's already bankrupt, & has been for decades. The politicians have no intention of ever eliminating the National Debt; the Debt Bubble will continue to grow until, like all bubbles, it eventually bursts. The recent "sequestration" efforts did nothing substantial to reduce spending; those efforts only addressed the proposed INCREASES in spending. Even those are being exempted by Congress passing laws to that effect. Deficit spending is continuing, & will continue, until the Debt Bubble bursts. Then it's goodbye Keynes... & our economy...game over.  

ADDENDUM: Since going completely off the Gold Standard in 1971 (under Nixon), the only reason the dollar has any value at all is because it is the world's reserve currency.  With ongoing institutionalized deficit spending and the ever-increasing national Debt Bubble, inevitably the time will come when other countries decide that the dollar should no longer be the world's reserve currency.  That's when the bubble will burst; countries will dump their U.S. dollars.  That will cause our economy to tank.  Game Over.  What can be done to prevent that scenario?  In my opinion, nothing substantial---the propaganda favoring Keynesian Economics is too thick.  Will we recover from the biggest crash in history?  I believe so, but it will be an incredibly long, difficult and painful recovery.