In a recent article published in The Guardian about the state of journalism, Pulitzer Prize-winning journalist Seymour Hersh says, “The republic’s in trouble, we lie about everything, lying has become the staple.” One example cited was the Navy Seal raid that supposedly resulted in the death of Osama Bin Laden. Hersh remarked, “Nothing’s been done about that story, it’s one big lie, not one word of it is true.”
Hersh, or anyone else with two ears, eyes, and a pair of connected synapses could fill pages with the lies made by the govt and their surrogates in the media. I have no reason to doubt the lie about Bin Laden’s killing. In fact, most of my research (including Dave Jarda’s interview with the father of one of the Seal Team 6 members) also says it was total bs, but that is not the issue. Choosing to use issues that the establishment has already built a tin foil hat for insures it will be nothing but a distraction. Besides, what rational person believes Obama’s “Commander and Chief” credentials were strengthened by the killing of Osama?! Not only has Al-Qaeda not been defeated, but our govt is arming these same global militant Islamist right now (i.e. Benghazi, Syria, etc.).
Hersh gets it, but he’s living in La La Land if he thinks the mainstream media will change before the system implodes. Journalist are not doing anything about the lies because that is not what they are paid to do anymore. They are owned by the establishment and the trap of credibility and control fraud keeps them in line and justifying their need for a job instead of speaking the truth. As the govt begins to tighten its grip on society, not only will the lies become bigger, but the clamp down on dissenting voices will be ramped up. Killing off the “comment sections” on articles is just the beginning.
The current debt ceiling debate is just another example of the Three Card Monte deception that the establishment and media play on the naive public. Stating opinions as fact, whose foundation they conveniently gloss over, because it’s weaker than sand, is a common tactic, and Keating’s recent article in the Post titled, ‘We can’t afford to default on the debt“, is a classic example. He wants you to believe that NOT raising the debt ceiling is the same thing as defaulting on the debt. The correct title should have been – “We can’t afford to raise the debt ceiling”.
Denninger does a sufficient job of filleting Keating, and correctly states that “a default would be the refusal to pay the interest and principal (or roll over the latter) when it came due. Refusing to borrow more money is not a default any more than your refusal to ask for an increased credit line on your VISA card when you reach that limit, or a refusal to take out a HELOC against your house so you can spend even more than you make, is a default. Using the debt ceiling “is not a ‘bargaining chip’ — it is a statement that we, the people of this nation, demand that the government of this country spend only what it is able to tax and pay down the debt already accumulated.”
The fact of the matter is a govt shutdown would be a great idea, and Mish explains why. The system is broken and the public is starting to realize that we’re headed in the wrong direction. Printing and borrowing money to hand it over to bankster banks and corrupt govt is like providing aid to Third World countries and expecting it to reach the people. The War Lords with the power take the cash and spend it for their own pleasures while their citizens remain impoverished. Our two-party system has become like competing War Lords or Crime Families battling for the spoils. The folks are political cannon fodder and viewed as inconsequential to the outcome.
The theory that Helicopter Ben would not taper QE to dampen the impact of a govt shutdown appears correct. The next theory is that the Fed will not taper until after the holiday, since consumer spending is already in the tank. These “theories” are simply a ruse to disguise the reality that they can’t stop printing without lighting the interest rate fuse.
If the government shuts down, it means they would have to function with fewer people – exactly what the private sector has been doing since at least 2008. Unlike the private sector that must add value or go bust (unless you’re a TBTF bank), most of the dept’s in govt could be shut down completely and the economy would not miss a beat. It’s a good thing if govt has to prioritize what they spend OUR money on, and what they can’t. You can’t have it all! Besides, it’s about time govt employees started utilizing those fabulous retraining resources that they believe are the cure-all for displaced workers.
As anyone who travels abroad knows, Internet access in the US is heavily filtered. The President already has an Internet “kill switch”, for our protection of course, that will “conveniently” be used when the need to communicate will be essential.
Regarding Obamacare, the media and politicians never describe it for what it is – an insertion of the ultimate monopoly (govt) into an already monopolistic healthcare cartel. Republicans may highlight the inefficiencies of govt run anything, which is valid. However, they consistently fail to propose solutions that will fix the root cause of the ever-increasing cost – primarily the monopolistic practices imposed by the medical lobby that funds campaigns. Healthcare and defense spending by the govt are the primary reason our economy is on life support, and both political parties are responsible. Healthcare has been growing at over 8% PER YEAR for over 30 years. Anyone that knows how to use the exponent function on their calculator knows the curve is now going vertical, and no one is doing anything to stop it from destroying our way of life. When interest rates inevitably move higher, the debt bomb will explode. Denninger’s interview with Perpetual Assets does a good job of covering this issue and many others (the video stinks, but the audio is good).