News Media ignoring important stories

By John Blythe

Originally Posted on Independent Word

John Blythe

I have to sincerely apologize to any readers for wasting time yesterday reporting on the now-disgraced Congressman Anthony Weiner. From the looks of it, I doubt he’ll even survive this scandal, now that Radar Online has released the explicit tweets and X-Rated photographs of himself.

But this is exactly the problem in today’s society. We have a news media that is largely controlled by liberals and when it comes to one of their own being slaughtered, they will give as much attention as possible to the story. If anyone paid attention in the last week, a majority of the news media has been focusing its attention on the Weiner/freakshow scandal, instead of giving time to stories that should be shocking the living hell out of every single American.

Here is a short list of stories that have materialized in the last week, that should have been on the front cover of every single newspaper, but as usual, these stories have simply been ignored because the Weiner controversy generates ratings.

- China has been divesting its holdings in U.S. Treasury Bills and as of last Friday, had divested 97% of them. This means China, like other nations holding U.S. debt are realizing we can’t pay it back and our Federal Reserve holding artificial borrowing rates at an all time low of 1.5% is not sufficient enough for China to hold our bills in the short term. If the Federal Reserve raises rates, our economy tanks. Makes sense right, why would China want to hold our currency that is devalued.

- After the China story was released, stocks rebounded and now the Federal Reserve is going to attempt to devalue the dollar to enhance better trade. The issue here is that the Federal Reserve prints money, while our money looses unit value due to inflation.

- Another interesting story that came out earlier this week centered around U.S. home prices for 2011 are at an all time low since the Great Depression. How is Obama’s “new deal” plan working out for all of his voters that wanted to buy a home with a low interest mortgage?

- Here is another story involving money… while he was running the Federal Reserve Branch in New York back in 2008, the little weasel of a Treasury Secretary Tim Geithner gave out loans to his banking executive buddies, including Goldman Sacs, Royal Bank of Scotland and Deutsche Bank for low interest at 0.01%. This is a man that should resign in disgrace.

- Our nation’s long term unemployment is worse than the Great Depression and the number of unemployed people in America is in reality much larger than 9%, because this is only the pertcentage of people actually receiving unemployment benefits.

- And my favorite story ignored by the mainstream news media this week: WikiLeaks verified that the creation of a North American Union betweeen the U.S., Canada and Mexico was true, and was not a conspiracy theory after all.

I think this is the reason why we have blogs and websites today thanks to the emergence of technology. Because the stories that need to be reported are picked up by normal every day people browsing the internet who actually want the public to become aware of what is going on in this world. Since the news media doesn’t want to do its job anymore when it comes to news reporting and journalism, I guess WE have to become the news reporters and journalists.