The current economic crisis in the Unites States and around the world is the failure of Keynesian and Marxist economic systems.
That is to say, deficit spending by the government to ‘stimulate’ economic activity and, more importantly, a centrally managed economy via the Federal Reserve.
The United States’ central bank, the unconstitutional Federal Reserve System, has set critical banking interest rates artificially low for many years – to the tune of 1-2%. This is the primary cause of the excessive lending, debt, and credit in the market! Both the government’s and the banking industry’s excessive debts are the primary causes of inflation and the mal-investment that has poisoned our economy.
Because the Federal Reserve currency, the U.S. Dollar, has no wealth to back it up (the gold standard was abandoned in the 1930’s), there is nothing to prevent money from being ‘created out of thin air’.
WHEN MONEY IS CREATED VIA DEBT, INFLATION OCCURS. INFLATION STRIPS ALL DOLLAR HOLDERS OF THEIR WEALTH AND SAVINGS.
These are the ultimate totalitarian economic mechanisms.
So the presented solution to these failed Socialist/Marxist systems is what? More government debt and more government intervention in markets; throwing taxpayer liability at failed banks, creating more debt and more inflation; nationalizing banks and centralizing economic power on top of our already totalitarian and criminal Federal Reserve System.
The level of ignorance displayed in the media, the Congress, and the Executive branch can hardly be believed. I can only come to one logical conclusion:
We are being taken for fools. And it’s working.