10/13/2018 (Sat) 02:58:27
Sequel to Oz
The Populists did not achieve their goals, but they did prove that a third party could influence national politics and generate legislation. Although Bryan the Lion failed to stop the bankers, Dorothy’s prototype Jacob Coxey was still on the march. In a plot twist that would be considered contrived if it were fiction, he reappeared on the scene in the 1930s to run against Franklin D. Roosevelt for President, at a time when the “money question” had again become a burning issue. In one five-year period, over 2,000 schemes for monetary reform were advanced. Needless to say, Coxey lost the election; but he claimed that his Greenback proposal was the model for the “New Deal,” Roosevelt’s plan for putting the unemployed to work on government projects to pull the country out of the Depression. The difference was that Coxey’s plan would have been funded with debt-free currency issued by the government, on Lincoln’s Greenback model. Roosevelt funded the New Deal with borrowed money, indebting the country to a banking cartel that was surreptitiously creating the money out of thin air, just as the government itself would have been doing under Coxey’s plan without accruing a crippling debt to the banks.
After World War II, the money question faded into obscurity. Today, writes British economist Michael Rowbotham, “The surest way to ruin a promising career in economics, whether professional or academic, is to venture into the ‘cranks and crackpots’ world of suggestions for reform of the financial system.” Yet the claims of these cranks and crackpots have consistently proven to be correct. The U.S. debt burden has mushroomed out of control, until just the interest on the federal debt now threatens to be a greater tax burden than the taxpayers can afford. The gold standard precipitated the problem, but unbuckling the dollar from gold did not solve it. Rather, it caused worse financial ills. Expanding the money supply with increasing amounts of “easy” bank credit just put increasing amounts of money in the bankers’ pockets, while consumers sank further into debt. The problem has proven to be something more fundamental: it is in who extends the nation’s credit. As long as the money supply is created as a debt owed back to private banks with interest, the nation’s wealth will continue to be drained off into private vaults, leaving scarcity in its wake.
Today’s monetary allegory goes something like this: the dollar is a national resource that belongs to the people. It was an original invention of the early American colonists, a new form of paper currency backed by the “full faith and credit” of the people. But a private banking cartel has taken over its issuance, turning debt into money and demanding that it be paid back with interest. Taxes and a crushing federal debt have been imposed by a financial ruling class that keeps the people entranced and enslaved. In the happy storybook ending, the power to create money is returned to the people and abundance returns to the land. But before we get there, the Yellow Brick Road takes us through the twists and turns of history and the writings and insights of a wealth of key players. We’re off to see the Wizard... (end)
Interesting that the evil WITCH comes from the EAST. Sorry about posting about bankers and the economy on a board dedicated to exposing the occult, but they are ABSOLUTELY related. Slavery to debt has been the tool used to corrupt, control, and destroy nations for many centuries. Have you noticed that a few news websites have recently published articles stigmatizing the modern rise populism? It's no surprise that the (((bankers))) that control the media are afraid of it. That book Web of Debt is fantastic and a must read. I don't remember her naming the Jew (she probably didn't want to get murdered), but she does speak well of Hitler's economic system.