I have this bad habit of listening to NPR when I drive around. It’s sort of like Jim Bradford’s bad habit of listening to Lars Larson and Rush Limbaugh just so he can scorn them later.
Honestly, I hate NPR. I’m actually listening to KLCC so that I can listen to Fresh Tracks, Blues Power, Dead Air, City Club of Eugene, Alternative Radio, Hearts of Space, New Dreamers, Liquid Beats, and if you have any idea what I’m talking about then you probably get the idea.
But NPR sneaks in during those hours and I listen to it anyways, unless 92.9 is actually playing music. And during one of those hours that NPR snuck in, I heard an interesting question from some NPR reporter. In reference to the bank “bailouts” and trillions of dollars pouring into the economy…
“Where does all this money come from anyways?”
It was more of a tongue-in-cheek, “This American Life” style reporting. Hell, maybe it was This American Life. None the less, the reporter’s first three ideas were correct.
1. It’s generated out of thin air by the Federal Reserve
2. It has no backing
3. It inflates the economy
So far, so good…
4. Who really gets hurt by this inflation? So far, nobody!
Nobody? You mean nobody really understands it. We’re too busy to care.
5. How long can we keep doing this?
And the conclusion…
6. Maybe we can just keep doing this forever
This is about as close to truth and honesty that you can expect from NPR. Anyone who thinks we can do this forever needs to take a history lesson. The first modern example is the Fall of the Roman Empire.
Failure is the inevitable by-product of human nature and Fractional-reserve banking. Without some form of discipline to temper our spending, we will inevitably commit to more than we can handle and we will lose stability. The economic cycles we see now are regular cycles that you can expect to see again and again. They’ve been seen over and over. It sounds like something new, that’s the gimmick. While the supposed problems we face today seem new in light of the modern technology applied, the real problem is as old as the system itself.
The real reason for this out-of-control system to be running our world bank, our federal reserve, our country, usurping our laws, our banks and our lives isn’t exactly complicated. How else could you run a wholly unaccountable war machine? Who is going to commit their wealth to continuous war? You’ve got to steal it. Napoleon lost in part because he was fighting England. She was run in concert with the Bank of England, fractional-reserve bankers. He was against the system and yet the system proved to be able to mobilize war resources that he couldn’t. The promise of money is too great for people to pass up, the faith in the Bank of Nothing is high. And with Napoleon’s example, what leader would ever put himself in the same position again? A national leader’s term is short (some exceptions granted for Fidel Castro). It doesn’t make sense to plan for the long term. Sure, the Byzantine Empire lasted over 800 years with monetary and political stability. But these days you may not be able to access your Google Calendar tomorrow, can you even fathom 800 years?
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