Founding Fathers on
Economics, Capitalism and Banking
Freedom Outpost – Michael
Snyder – 6/10/2014
Most people are under the
illusion that the United States has a "capitalist economy" today, but
that simply is not accurate. At best, we have a "mixed economy" that
is becoming a little bit more socialist with each passing day. We pay dozens
of different types of taxes each year, and some Americans actually end
up giving more of their earnings to the government than they keep themselves.
But that is still not enough, and so our state governments have accumulated
astounding amounts of debt, and our federal government has amassed the largest
single debt that the world has ever seen. If future generations of Americans
get the chance, they will curse us for the chains of debt that we have placed
upon their shoulders.
So what do our government
officials do with all of this money?
Well, today approximately
70 percent of all federal government activity involves taking money
from some Americans and giving it to other Americans.
Despite this unprecedented
wealth-redistribution program, poverty is absolutely exploding in this country
and 49
million Americans are dealing with food insecurity.
Meanwhile, the bankers have
been getting fabulously wealthy from all of this debt. The Federal Reserve
system was designed to trap the U.S. government in an endless spiral of debt
from which it could never possibly escape, and that mission has been accomplished.
Most people like to think of
big banks as "capitalist" institutions, but that is not really
accurate. In the end, giant corporate banks like we have in the United States
are actually collectivist institutions. They tend to greatly concentrate wealth
and power, and socialists find those kinds of banks very useful.
In fact, Vladimir Lenin once
said that "without big banks, socialism would be impossible."
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