"It is not enough to know that there is a shadow government pulling the strings of the visible government- we must also act to expose it, and defeat it!"-Mark Matheny
SIC SEMPER TYRANNIS!!! Mark Matheny February 7, 2012
FLASHBACK
(Originally aired on Sep 17, 2010)
Blogtalkradio.com - WE'RE HIT!!! RADIO
Mark Matheny discusses the agenda of the controlled media and the shills who work to keep Americans in the mindset of accepting a coming New World Order.
The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). Two sins were committed here, and I don’t know which one is worse. The report was a sham, and the MSM reported that information without a single question about its accuracy.
In a story carried across the MSM spectrum, the Associated Press said, “In a long-awaited surge of hiring, companies added 243,000 jobs in January – across the economy, up and down the pay scale and far more than just about anyone expected. Unemployment fell to 8.3 percent, the lowest in three years.” The report went on to say, “At the same time, the proportion of the population working or looking for work is its lowest in almost three decades. The length and depth of the recession have discouraged millions of people from looking for jobs. The better news of the past couple months has not yet encouraged most of them to start searching again.”(Click here for the complete AP story.)
Here’s a headline for you. If it were not for accounting gimmicks and what the government calls “seasonal-adjustments,” the unemployment rate would have gone up, not down! In his latest report, economist John Williams from Shadowstats.com said, “January’s unadjusted unemployment rate rose to 8.8% . . . The only difference between those numbers and the headline 243,000 January jobs gain and 8.3% unemployment rate, is how the seasonal adjustments were applied. There are serious issues with the current quality of those adjustments, and extremely small distortions in those seasonals can make big differences in the resulting headline data.”
As far as “discouraged” workers who are not looking for a job, that is total rubbish put out by the government. The real story is the Bureau of Labor Statistics (BLS) simply has stopped counting more than 1.2 million of the unemployed in its report Friday. Williams goes on to say, “The issues here suggest that the headline 8.3% unemployment for January has moved well outside the realm of common experience and credibility, into the arena of election-year political shenanigans.” Williams is such a gentleman. Please take into consideration the government’s “official” or “headline” number is only based on people being out of work for 6 months or less. If the unemployment rate was calculated the way BLS did it in 1994 and earlier, the unemployment and underemployment would be 22.5% (according to Shadowstats.com.)
The Federal Reserve continues a secretive bailout of the banking system by purchasing more and more questionable mortgage backed securities. You would think that $1 trillion would catch the attention of the media but they seemed focus on other trivial items. The Fed balance sheet is still at record levels above $2.8 trillion to be exact, but the more troubling aspect of all of this is the amount of mortgage backed securities they have purchased. They continue to hoard toxic commercial real estate loans and a massive amount of residential mortgage backed securities. How much? The Fed now holds over $947 billion in mortgage backed securities. Keep in mind that prior to this financial crisis the Fed rarely held anything else except quality paper on its balance sheet. Yet this is the cost of the shadow financial bailout.
The shadow bailout of the financial system
The Fed continues to artificially interfere with the market by purchasing securities that have little demand in the real marketplace. Because of this, the Fed balance sheet looks like a dumping ground for toxic paper:
Examine the above chart very carefully. Prior to 2008 the Fed principally held traditionalsecurity holdings “aka things not toxic” but now a large portion of their portfolio is toxic paper. When we say toxic we mean that the Fed is overpaying and storing these paper assets like a nuclear waste facility. At some point, people need to recognize what is being pushed into the Fed balance sheet. The banking system has failed to deal with these problems or to confront them head on. Most of the loans in the balance sheet are backed by the ailing real estate market.
Not only was Obama’s appointment of Richard Cordray to the misnamed Consumer Financial Protection Bureau (CFPB) unconstitutional, but the newly minted federal leviathan itself is in direct violation of Constitution, specifically the Tenth Amendment.
In January, Obama thumbed his nose at Article 2, Section 2 of the Constitution. It states that the president “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint” officers to the government.
But as Ron Paul notes in the above video, the new agency – founded under the Federal Reserve dominated Dodd-Frank Wall Street Reform and Consumer Protection Act – is itself an unconstitutional monster that will further degrade the financial health of the country.
Cordray will act as a czar answerable not to the American people, but his masters at the Federal Reserve. Like an EU or Soviet era committee, the CFPB will be run by unelected commissars who will exercise extraordinary power. The agency is part of the Federal Reserve and its budget is not subject to congressional control or oversight.
On January 4, the agency began to regulate nonbank services, including debt collection, consumer reporting, prepaid cards, debt relief services, consumer credit and money transmitting, check cashing, and related activities. It claims the authority to supervise any nonbank that it decides may pose a “risk” to consumers or engages in “unfair, deceptive, or abusive” practices.
In other words, the CFPB will micromanage a large sector of the economy and punish supposed violators not based on law, but rather supposition of harm and political priorities.
The CFPB is another bankster scam protected under the cloak of the Federal Reserve. The financial crisis did not result from lack of regulation over consumer financial products and services. The CFPB is simply another power grab by the bankster cartel masquerading as consumer protection.
Not surprisingly, the establishment media has completely ignored this story. It is their job to make sure you don’t find out what the CFPB is all about and demand it be stopped immediately.
If the government really wanted to protect consumers, it would dismantle the Federal Reserve system, reintroduce honest money and break up the criminal bankster cartel.
Deputies used a Taser on a woman who wouldn't surrender to them after she cut into a McDonald's drive-through line and then refused to move her car without being served, according to the Cumberland County Sheriff's Office.
Evangeline Marrero Lucca, 37, of the 100 block of Snow Hill Church Road, pulled up to the window of the McDonald's on Legion Road, near Black and Decker Road, on Friday afternoon and held up the line for about 20 minutes before deputies arrived, said Debbie Tanna, a Sheriff's Office spokeswoman.
Staff at the restaurant reported that Lucca drove her Ford Taurus to the pickup window, bypassing the order screen and payment window, and tried to order her food there, she said.
"She did not want to wait in line," Tanna said. "They told her she had to go around and wait like everybody else did and place her order that way, that they weren't set up at that window to take her order or take her money. ... She wasn't having any of that."
The woman refused to move her vehicle and became confrontational with the employees, she said.
The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of “hopetimism” between two financial crashes. Things may seem relatively stable right now, but it won’t last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The “too big to fail” banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. So why in the world are so many people so optimistic about the economy right now?
Just take a look at the chart posted below. It shows the growth of total debt in the United States. During the financial crisis of 2008 there was a little “hiccup”, but the truth is that not much deleveraging really took place at all. And since the recession “ended”, total credit market debt has gone on to even greater heights….
So what does this mean for the future?
Well, if a small “hiccup” in the debt bubble caused so much chaos back in 2008, what is going to happen when this debt bubble finally bursts?
That is something to think about.
Sadly, most Americans seem oblivious to all of this.
If you go out to malls in the wealthy areas of America today, people are charging up a storm. In all, Americans charged a whopping 2.5 trillion dollars on their credit cards during 2011. Way too many people have already forgotten the lessons that we all learned back in 2008.
