Federal Reserve Scam: 100 Yr. Anniversary

Bill Still did a lot of research about what led to the creation of the Fed,
as well as what happened since. Although i disagree with his fiat
'greenbacker' approach, IMHO his videos are worth watching:
The Secret of Oz – English – FREE.mov
One of Still's big points: a gold standard alone is not immune from the
abuses of fractional reserve lending.
Another point is there are examples of fiat currency not degenerating into
hyperinflation: tally sticks in were used in England for hundreds of years,
until the emerging Bank of England phased them out in favor of a gold
standard.

The fed has been keeping this country going. How will it end? no one will
know.

Failed Economic – Egonomics.

For those older enough to remembering as an adult or a child times before
the Reagan era. Sure we had an economic dip here and there.

We had two Oil Embargos and a Recession at the end under Carter (The Oil
Embargoes were a direct result of the value of the dollar after Nixon
removed us from the gold standard ~1971. The resulting increase in the
price of gas from ~$0.25/gal to ~$1.00/gal [Quadrupled the price of oil]
resulted in wages remaining stagnant and the increase of the cost of
everything [inflation]). But the response was “Tax and Spend Liberals” got
us into the mess. We need to “reduce” government size and “stop” extra
government expenditures and cut corporate taxes. It surly did cause the
Stock Market to unknown heights. But it turned into a “spend and don’t
tax” mindset. Deregulated industries and Reagan’s wholehearted effort to
“crush” unions, created a hostile environment for US workers and they were
thought to be “overpaid,” “lazy slobs.” Manufacturing was at sale to the
highest bidder and entire businesses and lives were sold to Foreigners. We
became not an industry giant, but jobs slowly turned to a “service” and
“financial” based economy.

Prior to the ‘80’s a one worker family in most respects if he held a job in
manufacturing could provide for a family of four. Many of these citizens
built the country because they were proud and hard working. That was
destroyed after about ‘80 as jobs slowly relocated off-shore. We proceeded
on a path that would eventually make a two worker family struggle to get by.

Further tax cuts during the Bush Presidency, “Bush era tax cuts” and many
Liberal ideas to promote home ownership of all Americans slowing made the
average American a debtor. By the Collapse of 2008, US households owed
nearly 100% of expendable wages in payments. In a service industry,
financial based economy it is required that there be customers and a
continual climb in GDP. Banks simply started getting sloppy with loans (I
will say that most individuals/families should have not made the mortgage
to start with). But because of banking and corporate "laissez-faire"
deregulating government attitudes "speculation" went wild and the world got
drunk on this intoxicant. Along with the exotic finacial instrument and
creation of “insurance [Credit Default Swaps]” against bad loans, the
banking system was going to collapse.

The world, not just the US, was on a rendezvous with a credit crisis.
Economies over expanded and so did their publics for a “the gravy train”
that will never end. But it was based on an ever growing world economy, a
non-real expectation given History.

The US could have leaded the world out of this dark whole, with effective
Public spending and an increase in manufacture jobs. It would have been
the way it had been accomplished throughout the 20th century, but America
was caught with our pants down. America no longer posses the industry to
aide a recovery and the “spend and don’t tax” policies lead to an
overburdened US public debt.

It won’t take just one measure or a number of Public Policy, it has to be
a rebuilding America from roads, highways, schools a worthy investment on
one of the world’s worst infrastructures, refocusing on Public Education to
make more of our children's future than we have today; but it will also
take investment by the Private sector in producing things here, cooperation
by Unions to give a little. And I would suggest that details be worked out
in those contracts to increase their pay and benefits as the country begins
to grow and our national economy becomes a beacon again rather than that
stubborn light in the hall that is about ready to burn out!

GM, Ford, and other CEOs say they are revisiting “out-sourcing” in favor of
“American Sourcing,” because the US labor Force is the most productive and
easily adapts.

This need to be a combined effort to rebuild our economy. And I mean it
needs an “overhaul!”

Jim

Zendout1, I'm gonna find you.