With a proper understanding of history, it is not hard to imagine where the historic revolutions of the Middle East are taking the plebs there and in the West. What devout Muslims do not want a monolithic caliphate? What elite Western politicians, bankers, and businessmen will not orchestrate what they can through the United Nations, International Monetary Fund (IMF), and numerous publicly and privately funded organizations? Government and other institutional intervention is the enemy of freedom. If you haven’t seen the “Economic Hitmen” video, now is a good time to watch that 2-minute sketch. We are globalizing politically in a monolithic way, not a federal way with life as the accepted judge of what methods should survive. But what people are great without objectivity? Diversity as weakness will not prosper long under either regimen. One regimen has functional standards of free citizenship; the other has no standards so no true freedom. History shows us the weak have no claim on liberty.
After the American Revolution against the oppressive taxation of George III and the Bank of England, the Continental was worth and not worth a Continental, victorious revolutionary soldiers and their families were being evicted from their homes for the benefit of bankers, veterans like Daniel Shays rebelled and were defeated by government forces, Washington became president under the second American constitution, and with Alexander Hamilton he established the First Bank of the United States with exclusive access to government monies for the sake of special interest and also established oppressive taxation that triggered the Whiskey Rebellion. The early Americans were great because they would rebel. Retaliation is the sanction of liberty.
The federally chartered central bank permitted private interests, largely foreign, to profit on bank credit extended by the force of U.S. sovereignty. The fact that special interest of greater political power profited at the expense of special interests of lesser political power is hardly proof of virtue. The bank’s charter was permitted to expire in 1811, but its successor, the Second Bank of the United States was established soon thereafter, in 1816. President Andrew Jackson was willing and able to prevent renewal of the charter of the Second Bank of the United States, which expired in 1836.
In the American Civil War or War Between the States, the conflict was between the Northern Establishment of wage slavery and the Southern Establishment of chattel slavery. Because politics makes strange bedfellows, the South was aligned with scrupulous federalism and more aligned with popular sovereignty. The cause of free citizenship in American was therefore represented by the Rebels. Because Lincoln won, escape from the cancer of unscrupulous American Federalism became impossible. To fund the Union war, paper money and nationalized paper banking was established, not to mention the Morrill tariff. Abraham Lincoln was the disciple of Hamiltonism that finally defeated Jeffersonianism. In 1913 the Federal Reserve Act was passed supposedly to prevent the boom-bust cycle that the gold standard alone could not, which was a lie completely opposite the truth. It is the boom and bust of government-sanctioned credit backed by general taxation via collections and legal tender inflation that causes the general economy to rise and fall for the sake of corrupt individuals whose fortunes rise unearned and forgo falls earned.
With World War II coming to an end, special interests of Western civilization met in Bretton Woods, New Hampshire. At the time, the United States was the only nation able to back its currency with gold. Before entering the war, the United States charged other nations for war materiel. Gold hoarding by Americans had been made illegal by FDR in 1933, but foreigners were able to exchange US dollars for gold. This linked most currencies of the world by fixed exchange rates through the IMF.
A gold standard is based on free exchange, a free exchange rate (between gold and some unnecessary abstract currency unit), and the free market. A fixed exchange between gold, the US dollar, and other fiat currencies of the world was a fixed market using sovereignty to control money, the flow of money, the flow of wealth, and the harvest of middle class serfs. The international fixed currency market would destroy the international insiders’ gold standard just like the currency of the Federal Reserve destroyed the plebs’ gold standard of the United States. The Nixon Shock of 1971 is analogous to the FDR’s executive order 6012. Each construction and destruction of a social-economic-political institution creates more centralized control, more powerful methods of corruption. Sovereignty, especially money sovereignty, is nudged out of middle class hands by degrees.
Money sovereignty is central to the means of self-government and liberty. Inflation of legal tender, the ultimate goal of monetary policy, is the perfect tax. The U.S. Government has been fiscally broke but monetarily solvent at the expense of the American middle class since 1933. Monetary bankruptcy is the collapse of a currency, like the U.S. dollar, but the currencies of the world are linked to control all Western serfs. Take the plebs’ investment monies when the bubble goes up, and take the plebs’ inflation tax monies by bailout when the bubble goes down. Be sure a collapse of the Euro or US dollar will pave the way for a more heinous system. War and revolution are simply opportunities to nudge into systems of greater consolidation of power.
As so it is in the Middle East. The jihad of Osama bin Ladin and other Muslims is a great excuse for Transportation Security Administration (TSA) check points, and Patriot Act surveillance and searches at the whim of executive authority, which is how dictators operate anywhere. The U.S. Congress has not declared war as required by the U.S. Constitution since World War II. The U.S. military is now a police force for emerging global statism.
Dictators that have outlived their usefulness in the Middle East will be tried by the International Criminal Court. The new economic and political institutions of the region will be more expansive by integration with the West, or by consolidation across the Middle East, or both. The increased threat of the Middle East to the West will be used to further domesticate Western plebs for their own safety. The IMF and World Bank will make loans, or leading Western nations will directly make guaranteed loans and regular grants without pretense. The machine of plutocracy and socialism at pretend odds will gain control in the Middle East.
The plebs there will not find freedom from crushing poverty or political control. They will have helped create a more powerful master. Muslims and Zionists will exhaust themselves in struggle, just as Americans exhaust their political vitality in the struggle between Democrats and Republicans. Bankers fund and influence all serious contenders. I suspect a caliphate may threaten, but the bankers shall rule. Either way, Western freedom looses. We should have been more responsible for its expenditure at home and abroad.
–Douglas Morris, 27 February 2011