QuickCheck: Are your calls and social media being monitored and recorded constantly?

WE ALL know that posting something on social media is akin to standing on a box in a crowd and yelling whatever it is you had to say. There is no (or at least you should not have any) expectation of privacy on the internet as with enough time, effort and will, whatever you post online can almost certainly be traced back to you. However, there has been a spate of posts on social media that has been warning people that the government is recording all phone calls and exhaustively monitoring social media and forums thanks to a new rule.

Is this true?