The Perfect Storm: MSM Complicit
Posted: Thu Nov 22, 2012 4:46 am
Greg Hunter USAWatchdog.com
It’s hard to believe how little Americans know about the real issues facing them after $6 billion was spent by both parties getting their message out (a record $2 billion for President alone). I don’t blame the politicians in this or any election cycle. After all, why talk about tough issues and choices if you are not pressured to do so. I blame the mainstream media (MSM) for acting more like cheerleaders and spin doctors than arbiters of truth for the public. The MSM ignored the real issues while spending hours (weeks/months) on things like the Trayvon Martin tragedy. I do not know who is at fault, but I do know the MSM’s wall-to-wall coverage inferred there was a national problem of white on black murder when there is none. According to the latest FBI information, around 90% of blacks are killed by black people (likewise for the white on white murder rate).
The U.S. faces a financial storm of biblical proportions; I am talking a Noah’s Ark tsunami. The real fiscal cliff isn’t what is coming at the end of the year. It is the debasement of the U.S. dollar at the hands of the Federal Reserve that is printing $85 billion every month in “open-ended” currency creation. According to experts, it is only a matter of time before the U.S. bond market collapses with an interest rate spike that money manager Michael Pento says will turn into “an interest rate shock that will make the Great Depression look like the days of wine and roses.” Not a word in the debates or questions by the MSM to the candidates about money printing on a scale that has never been done in human history.
The 2008 financial meltdown was caused by a housing crisis created by big banks. They sold “liar loans,” packaged those loans into mortgage-backed securities, they were rated “Triple-A” when they were “toxic;” and when it all blew sky high, the bankers committed forgery, perjury and fraud that was politely called “robo-signing.” According to Professor William Black, who was also a top regulator in the Savings and Loan crisis of the 1980’s, more than 1,000 financial elites were successfully prosecuted in the aftermath of the S&L calamity. The 2008 meltdown was 70 times larger. There has not been a single financial elite charged with a crime. This fraud and crime is one of the main reasons the economy is still in deep trouble. According to Fabian Calvo of TheNoteHouse.us, “We haven’t even scratched the surface of being at the bottom of the housing market.” (His company buys and sells $100 million a year in real estate and sour mortgage debt.) $40 billion of the $85 billion the Fed prints every month is going for continued banker bailouts. You can talk all you want about raising taxes on rich, but the real money is in the banker bailouts. No meaningful discussion or questions were asked of the Presidential candidates on this subject either.
It has been widely reported the U.S. used al-Qaeda terrorists to help overthrow the Libyan government. It is doing the same thing in Syria. We all saw the results of this policy on 9/11/12 in Libya where four Americans (including a U.S. Ambassador) were killed in an al-Qaeda terrorist attack. Calls for help went unanswered, even though there was a live Internet video feed going into the White House situation room. No questions were asked by the MSM of either candidate of the logic and danger of this kind of foreign policy.
The President can legally order the execution of any U.S. citizen without due process. The President did just that last year when he ordered drone strikes in Yemen that killed three suspected American born terrorists. Relatives are suing the U.S. government for wrongful-death. According to a New York Times story, “The killings violated fundamental rights afforded to all U.S. citizens, including the right not to be deprived of life without due process of law,’ the complaint says.” (Click here for the NYT story.) There was not a single question asked of either Presidential candidate by the MSM about Presidential “license to kill.”
Finally, the National Defense Authorization Act (NDAA) was signed into law by President Obama on New Year’s Eve 2011. It allows for the indefinite detention of suspected terrorists which includes U.S. citizens. This law overrides due process contained in the Constitution. The President’s signing statement says, “I want to clarify that my Administration will not authorize the indefinite military detention without trial of American citizens.” But that didn’t stop President Obama, a Constitutional scholar, from signing it into law anyway. The American Civil Liberties Union (ACLU) called this act “. . . a stain on our nation’s history – one that will ultimately be viewed with embarrassment and shame.” (Click here for more on the story.) You can’t get more liberal than the ACLU; and, yet, the left and right were silent and asked no questions of either Presidential candidate about this Constitutional atrocity.
The general public is blind to the great danger to the economy and our Republic. I lay the blame squarely at the feet of the MSM for not doing its job for the public good. PIMCO chief Bill Gross summed it all up in a tweet on Election Day that said, “Gross: Whew! It’s over. To the victor belongs the spoils of political power but to the US voter only continuing frustration will accrue.”
http://usawatchdog.com/msm-ignored-real-issues/
