Growing up I often heard people remark that the “poor get poorer as the rich get richer.” I was led to believe that this was an unfortunate side effect of a free market economy. This flaw aside, the free market economy was said to be a much better approach than anything else that had come along. I spent my time focused on ways of making laissez faire capitalism more compassionate. We exist in a welfare state and I, living in Canada, live in a society which offers socialized medicine. Both of these measures are great first steps in assuring the compassion of capitalism however, I was always frustrated knowing that the only true compassion of capitalism would come in allowing everyone to earn wealth.
As I continued to study the problem, imagine my shock and dismay when I learned that we do not live in a free market system. We live in a central bank monetary system (ie, the Federal Reserve) which has an invisible, moreover, malevolent hand in conducting the nation’s monetary policy. This may sound like a conspiracy theory however if it was, it’s an awfully dull one given that the chairman of the Federal Reserve openly admits this.
http://www.youtube.com/watch?v=x56MpWZh88s
http://broadband.thecomedynetwork.ca/comedy/?vid=19058
Through the Federal Reserve’s mucking with the money supply and the resulting inflation, those with savings saw their savings erode silently falling into the hands of the nations richest few. In order to escape inflation, you must own debt free assets which index to inflation. Only the richest few of us can accomplish this and thus evade the silent erosion of our savings into the hands of bankers and the financial elite. Here are a few graphs showing the effects:
source : http://lanekenworthy.net/2008/03/09/the-best-inequality-graph/
source : http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
Central banking (The Fed) is an age old scheme of mob rule over the money supply.
“Give me control of a nation’s money and I care not who makes the laws.”
— Mayer Amschel Rothschild
It has origins dating back to the temple days when Jesus drove out the money changers. (The word ‘bank’ comes from the Latin ‘bench’ from which the temple money changers made their predatory exchanges.) The only way to restore justice and equity is to restore the issuing power over money back to the people. For more info, please see:
rEVOLution