The article paints a dismal future for Main Street citizens like you and me who suffer at the hands of self-serving market manipulators. We all know the pattern of what happens when banks and very big businesses fail – bailout. But this process of Wall Street gambling, bubble creation and bubble bursting, cannot last ad infinitum. My question is: who is going to fix it?
It is quite clear American presidents do not want the relationship between their office and the Federal Reserve to change. Bush and Obama were equally latched onto the Fed. In fact, the only candidate you really ever hear criticism from about the Fed is Rand Paul, and he's considered quite the renegade.
As all these presidential campaigns are underway, it’s actually humorous to listen to candidates “attempt” to debate. I’d like to make my point by quoting some voices in the comment section of the above-mentioned article:
“Some want security from lots of arms and the ability to fight the bad guy. Others want security from lots of welfare. Both want big government to solve those security needs. Thus, Reagan spent the budget into disaster by building the government up on the military side, making government much bigger in some areas at the same time that he made it smaller in others.” –Knave Dave
Democrats and Republicans both want big government and both want the Fed and it's magic printing press to keep churning away – don’t let anyone tell you differently. The only difference, as Knave Dave points out, is that Dems put more focus on internal State building while GOPs focus more on shining their guns overseas. The key to Knave Dave’s statement, however, is the notion of security. Big government, whether Left or Right, eases our fears because it lulls us into a false sense of security. With Big Government at the helm, someone will make sure I have food to eat and someone will prevent events like 9/11. It’s all a bunch of bullshit, of course. The welfare system is fucked up and 9/11 DID happen on Republican watch, so what good is such false security?
Furthermore, the government is in bed with Central Banking. Put more accurately, Central Banking has the government on a leash. A commenter put in nicely:
“Those who control the nation's money supply, control the government. ‘Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.’ Leo Tolstoy” –Kapricorn4
Such equation of money and slavery is not, as far as I’m concerned, an anti-capitalist statement. Rather, it is a wake-up call to those who believe that government does provide individual and national security. The government did nothing to protect us from bubbles and bank bailouts at the expense of tax-payers. What can the dog do but to go where the leash pulls?
Unfortunately, this very relationship between the government and the Fed will – according to those who are paying attention – end in disaster.