Archive for January, 2013

Learning is a Life Long Activity

Sunday, January 20th, 2013

JFKMany of us remember the inspiring words delivered by our 35th President, “Ask not what your country can do for you, ask what you can do for your country.” The Peace Corps was just one of JFK’s dreams that is still carried on by not only college graduates but altruistic older adults as well.

Another dream JFK had, woke up many independent thinkers of    his generation. Like President Lincoln before him, he wanted to return our currency system to the control of the US government, not a central bank controlled by international bankers. This would require changing the way the  private Federal Reserve did business or eliminating it altogether. Unfortunately, that did not happen.

Following his tragic death many changes took place.  One may come as a shock to you. It was the scheme by the Rockefeller and Ford Foundations to promote and fund the women’s ‘liberation’ movement. As a strong supporter of women, I thought that was a good thing. But there were ulterior motives behind what appeared to be a noble effort by the financial backers of the women’s lib movement.

The private banks that own the Federal and State tax exempt  Federal Reserve (watch that superb documentary) needed more citizens to pay taxes. More  money they printed (out of thin air) and loaned with interest to Congress needed to be paid back. In the 1950’s it was rare that a mother would have a full-time job outside the home. One parent’s income would cover most family needs. In time, because of increased government borrowing and the resulting devaluation of the dollar, it  became necessary for both parents to be working to pay the bills for basic goods and services. It was a strategy that has had a subtle negative short and long term effect on many families. As a Rockefeller family member said to Aaron Russo, it was designed to do just that.     1040 Tax Form

Most college students don’t know that the Internal Revenue Service is a de facto government agency. It is simply the collection agency for the private international bankers that own the Fed. Not a dime of the Federal income tax paid to the IRS goes to the US government. It all goes to the interest on the debt incurred by our Congress that borrowed the fiat currency to pay for various programs; perpetual wars and covert intelligence activities around the globe.

In July, 1944 the world’s leaders met in Bretton Woods, NH  to set the US dollar as the world’s reserve currency backed by gold and silver. In 1971 President Nixon, without consulting with other member nations, severed (“temporarily”) that agreement to link the value of the dollar to gold. The ‘golden age’ and credibility of the US dollar was over. This action was not a temporary measure; the global markets were flooded with fiat money which has increased over the years, leading to massive borrowing to fund the aforementioned questionable activities. For example, just the fraudulent war in Afghanistan costs the US 300 million dollars a day! And do not ignore the even more astronomical other costs of war.

If you have read this far, you may be asking “what can we do?” Most college economics courses are taught by professors who teach the Keynesian economic system and ignore teaching the Austrian theory, the crux of which is common sense. The fractional reserve fiat system on which our banking system is based has created a credit culture of borrowers and spenders (personal and institutions) drowning in debt. Fortunately, there is a solution! But it requires the opening of our hearts and minds and to be aware of our own cognitive dissonance. If that common, albeit limited way of thinking is not recognized, it will be very hard, if not impossible, to “see the big picture” let alone change it for the better.