CENTRAL BANKS: THE ULTIMATE STATE WEAPON AGAINST THE INDIVIDUAL
Any discussion of Life, Liberty and Property must always turn to the power of Government to tax and spend. Governments have always loved to spend but were restrained because they knew that raising taxes is one of the surest means of upsetting the populace. Therefore, borrowing has always been popular amongst Kings and Governments because it allowed current spending with the pain of repayment pushed out into the future.
Over the last 600 years with the growth of national economies, this trend accelerated. At first, with a gold standard, the ability to borrow was limited by available savings and rapidly rising interest rates when borrowing by the State was seen as excessive. That’s when desperate Governments turned to printing paper money that quickly became worthless among the populace. This limit on Government spending was always a huge irritant to Heads-of-States who lusted for empire and domination.
The solution came with the creation of the Government sponsored Central Bank. The one bank authorized to handle all Government debt, control all other banks, determine the money supply, manipulate the interest rates and in the dark secrecy provided by the State; bind them to the will of Government.
In the United States the central bank is called the Federal Reserve, created in 1913 to fund the dreams of empire and social justice so important to those in Government. The Fed surpassed its creator’s wildest expectations. In less than 100 years it has done more to aggrandize Government and destroy the Liberty and Freedom of Americans than any other agency. It has, with the full support and backing of both political parties, decimated the dollar by 95% of its historical value, enabled a 15,000,000 millions (15T) dollar national debt, created the largest debtor nation in the history of the world and in doing so destroyed the economic viability and energy created over the previous 300 years of American existence.
What philosophy would create and perpetuate such a system? Why would Government after Government subscribe to a system of central banking if it was so destructive of Property and the long-term economic well being of its citizens? The philosophy that needs and supports the central bank is of course the Philosophy of Power. It is the love of domination of others. It is Ego. It is force and coercion and hatred of individual Rights and limited Government.
It is a philosophy whereby men with a vision for a new world, who are too lazy and corrupt to work for it themselves, use Government and the State to force their vision on everyone else. It is a philosophy of hate for Individualism, hate for Humanity and hate for anyone who does not share their ideals.
Too many in the United States believe that the Philosophy of Power is confined to the iron-fisted rulers of Russia or China, or petty tyrants such as Libya’s Kaddafi, or the King’s of mid-Eastern countries – which is not true. It lives and thrives here in the hearts of those who proclaim love of the principles of Life, Liberty and Property but who work every day to destroy the Constitution, Individual Rights, and Economic Freedom.
There is no justification for any central bank or for a Federal Reserve except for funding a totalitarian State. If you want further proof review these graphs, especially graphs 1 and 12 – 17. Notice that TOTAL government debt accumulated in the US before 1971 was 1T dollars. Since that time it has expanded at an exponential rate under every President to its current 14.3T dollars and is expected to reach 21T dollars by the year 2016 – this is unsustainable and criminally negligent by our politicians. Also, it has not just been spending on war and empire which has been exploding over the last ten years: Social Security spending is up 82% from 409 B to 748 B dollars, health care costs up 150% from 352 B to 882 B dollars, and spending on defense and veterans programs is up 167% from 341 B to 910 B dollars. Today for every 2 dollars the Government takes in it spends 3 dollars.
This spending is not sustainable. In addition, this debt does not include the 60,000 billion (60 T) dollars in UNFUNDED social programs that are coming due. Who will pay? Why should those who had no voice in the creation of this debt monster pay? Why shouldn’t they say ‘THERE WILL BE NO TAXATION WITHOUT REPRESENTATION. WE WILL NOT PAY THE DEBTS WE DID NOT CREATE”
How can a nation who was the most prosperous nation on the Earth just 50 years ago have now become the most indebted in the history of the World? Who enables this spending? Well, who owns more than $1.6T of US debt, more than any country or group? Who forces down interest rates so Government has cheap financing but you only get 0.7% on you CD or money market account? Who bought almost a trillion dollars of bad debt from the banks to rescue them from poor business decisions and ensure they maintained their billions-of-dollars per year profits? You now know the answer.
The Federal Reserve must be abolished. Those who support the Philosophy of Power must not be allowed to Govern. It is time for the 2nd American Revolution.