3 chapters across the catalog
The hosts discuss the resurgence of basic information about the Federal Reserve, noting that new creators like Ian Carroll are re-explaining that the Fed is not a government agency. They reflect on the "End the Fed" movement led by Ron Paul in 2008 and wonder if the audience requires a constant re-education on foundational topics. The discussion touches on the possibility of re-airing old show segments to educate newer listeners.
The hosts discuss the financial crisis at the U.S. Postal Service, arguing it is a manufactured "scam" to force privatization. They explain that Congress mandated the USPS to pre-fund 75 years of retiree health benefits over a decade, which is the primary cause of their reported losses. They suggest lobbyists for FedEx and UPS are behind the move.
Credit Card Data Mining and Consumer Profiling
Financial institutions and companies like Federal Express use sophisticated data mining to profile consumer behavior and detect suspicious patterns. The US government is reportedly seeking access to all credit card transaction data to monitor political affiliations and spending habits. Specific purchase patterns, such as buying gas and Nikes in quick succession, can trigger automatic account freezes.
