Saturday, November 12, 2011

War, Money, and the Federal Reserve

No Fed Reserve = no WWI = no WWII = no Vietnam = no cold war = no middle east conflict. One can not wage war with out men and money. To acquire the men, the gov. institutes a registration, from which it can instigate a draft. This implies the gov owns its citizens. (When Lincoln tried to instigate a draft in the Civil War, there was a revolt by the people and it was crushed.) Where does the money come from then? WWI, the War to End all Wars, the the largest conflict up to that date, began in 1914. Upon review of the history of war, the Union instigated fiat money (Gov. issued paper currency) to fund the war. To pay for this, taxes were levied. In 1913, one year prior to WWI, select congressmen passed the Federal Reserve Bank act which allowed the Gov to print money (in direct conflict with the Constitution). This allowed the powers that be to create the money needed in a democracy to fund war. (Dictators control their banks, and so they "always" have the money to attack their neighbors) This allows Govs to grow and to reward their supporters (think 'too big to fail'). With the inflation of the currency the labor needed to earn a specific sum of sound money (money that can not be created without labor) is diluted (when you add water to concentrate, it is diluted), prices increase, (there is more "koolaid" in the jar to support higher prices) and the people unknowingly pay a hidden tax (thru higher prices) to pay off the created political currency. The Constitution was created to protect our Liberty. To protect our freedoms, we must come to the defense of the Constitution. Sound money = smaller government, more prosperity, and no war = support of our troops. To find out more, visit the Austrian School of Economics, Mises.org.

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