I may have to end this blog right here because of something that happened to me this week.
I think most of us have a few moments in our lives- moments when we are completely baffled by a problem. Suddenly a moment of clarity or a solution appears and we are shocked by the obvious. We wonder why something so simple- took us years to figure out.
For just a brief moment in time, we feel the joy of having solved a giant problem or of discovering some concealed truth. It is an "aha!" moment. A moment when pure genius strikes us suddenly and then quickly leaves- hibernating until it re-appears at some future time. In my case, about once every ten years. If that often.
My ten years must have been up this week.
Earlier in the week, I had engaged in one of those flame wars with a liberal on Huffpo. I get so sick and tired of their partisan bullshit and hatred for conservatives- when I know their party is every bit as bad. The subject of our back and forth is not important. What is important is that I am completely baffled by this back and forth head bashing without end. What is the underlying problem? Why is everyone so entrenched in their faulty positions and politics? I began to mull this over and to look for the source, the underlying illness when it hit me.
In the early 1900's, a group of private, international bankers hatched and carried out a plan to form a central bank while secretly meeting on Jekyll Island, Georgia. Eventually their measure passed both houses on Christmas Eve, 1913, when many members of Congress had left for the holiday. Woodrow Wilson signed the legislation and thus created the Federal Reserve Bank. Wilson called it the biggest mistake of his life. Wilson was right.
Now all of this information is pretty well documented and available even for the biggest skeptic- but the real question is- why is the Federal Reserve Bank necessary? Prior to 1913 we survived just fine, sans those banker created bank panics of the late 1800's spawned by the same men who carved out the Federal Reserve Bank Act on Jekyll Island.
The Federal Reserve Bank is necessary because Congress desperately needs an unlimited funding mechanism that bypasses voters.
What does Congress do? Congress creates and passes projects and laws. Somebody has to pay for that stuff. Now you can't keep coming to the American taxpayer year after year, begging for permission to subsidize things like the American Wool Growers Association. Americans won't pay for these minority concerns and pork barrel projects. Taxpayers would say no or maybe even throw the bums out. So Congress invented a way to bypass citizens.
They invented the Federal Reserve Bank. That way, Congress has an unlimited checking account and an unlimited line of credit. What they don't have to do- is ask American taxpayers for budgetary permission nor do they have to worry about American taxpayers getting angry and voting them out of office. Congress simply spends money they don't have, the Federal Reserve finances it by issuing treasury debt, and the American taxpayer gets stuck with the bill.
The Federal Reserve Bank was created so that politicians or government, could borrow as much money as they needed without EVER asking our taxpaying citizens for permission.
The Federal Reserve was born and sold to us a panacea to smooth out all those panics of the early 1900's. In 16 short years, the Fed gave us the Great Depression- an event far worse than any bank run.
We should have eliminated the Fed right then and there.
Without citizen stewardship or budgetary input or oversight, American citizens or taxpayers or voters were effectively marginalized. We were no longer in charge of our government. Government was no longer constrained by it's citizens. They could spend as much as they liked without repercussion. They were free to redistribute wealth anyway they saw fit by drawing on that unlimited line of credit and forcing you to pay for it. You could not vote them out of office and even if you did, the new ones were apt to be just as bad as the old ones. It's the system that is flawed- yet we argue about the symptoms.
The underlying problem has always been the Federal Reserve Bank.
That was my moment of clarity, of pure genius. That's why we fight. We think we hate the other guy's politics. We hate his spending. We blame him for all of that inflation, lost purchasing power, four dollar gas, crappy wages. We think we hate his social programs, his wars, his lies, and all of that debt. Trillions to bankers, sequester, debt ceiling hikes. All of that financial chaos is directly attributable to the unelected Federal Reserve which enables our unaccountable politicians to literally steal taxpayers blind. Yet, we ignore the real problem- the Federal Reserve- and instead fight some imagined enemy which is either the GOP or the Democrats.
I probably won't stop writing but I'll tell you this-
The Federal Reserve Bank and it's never ending debt creation is responsible for virtually all of our problems. God could not design a better distraction than partisan politics. Politics is simply one of the symptoms of this disease. Some day if we are to survive, real political reform and accountability in this country will come at the cost of eliminating the Federal Reserve Bank. That is job one. I am sure of it.