Feds Monitor Credit Card Transactions 80% of the Time

 

feds monitor credit cards

Just like superman, they want x-ray vision.

Today I am going to go on a bit of a rant; first, we have the NSA, monitoring our internet and phone usage.  Now we find out that the feds monitor credit card transactions.  A new federal agency called the Consumer Financial Protection Bureau (CFPB) is monitoring four out of every five credit card transactions.

This is a new federal agency.  In January of 2012, President Barack Obama appointed Rich Cordray to be the first Director of the CFPB.  Their mission statement is “Our mission is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products”.  Here is a link to their website, http://www.consumerfinance.gov/the-bureau/

How having the feds monitor credit card transactions is going to accomplish this is beyond me?  This appears to be just another tool in the hands of bureaucrats who want to control every aspect of our lives.  The following is the link to a story about them entitled,  CFPB’s data-mining on consumer credit cards challenged in heated House hearing,  http://bit.ly/1erDFVP.

If the feds monitor credit cards, they are aware of most of what many of us buy.  We may have to start paying cash to avoid big brother.  The problem is this makes it hard to order off the Internet.  All of these tactics make it harder to maintain any degree of operational secrecy.

We are gradually losing all rights to privacy.  Big brother is constantly watching us.  One problem we have is we don’t know how long they have been doing this in one form or another.

Twenty years ago an ATF agent told me that they really didn’t need gun registration to confiscate most firearms.  If they wanted to, they would start by getting the subscription lists for the firearms magazines.  That combined with the membership records of firearms groups like the NRA would give them a good start on a list.  Now add in your credit cards records and internet sales, they would have a pretty complete list of who owns firearms.

Today it appears that if you want to maintain operational secrecy, you need to avoid the internet, phones and now credit cards.  What next?

Howard

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2 Responses to Feds Monitor Credit Card Transactions 80% of the Time

  1. ke4sky says:

    If NRA membership rolls have not yet been hacked, that is only a matter of time.

    Then looking at the IRS scandal, it doesn’t take a brain surgeon to connect the dots that if you have ever bought a gun since 1968, filled out the yellow form, or ever had a hunting license, or charged any online purchase on a credit card at a shooting, hunting or sporting goods distributor, they already have your name, rate and horsepower.

    We already live in a total surveillance society. But the frog is still enjoying the warm bath water and hasn’t yet figured out that he is dinner!

  2. paul says:

    ANOTHER FACET OF THE CONSPIRACY THEORY ? HAS THIS BEEN VETTED THRU AT LEAST THREE CREDIBLE , RELIABLE SOURCES ? I BEIEVE IT’S BEEN OPERATIONAL FOR MANY YEARS, COUPLED W/ OTHER METADATA MINING OPS .ITS TOO LATE, THEY HAVE YOUR NUMBER ; DON’T TRUST ANYONE, UNTIL YOU KNOW THEIR TRUST WORTHY…

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