Brief History of Our Financial Crisis...

Since 1913, the US has been involved with speculative bullshit lending. Woodrow Wilson ruined the US (he actually admitted this) by signing the Federal Reserve Act of 1913, which privatized the bank and sparked our reliance on money creation out of thin air. As we have seen, this system thrives off wars. We have constantly been in a military struggle because war and the threat of war are most profitable to this system where the more money the government borrows, the more profits the banks make.
All of these issues started with privatized banks, led by the Bank of England in 1694. Now, the global magicians (picture a god in the sky with a wand) continue to increase fascist control everywhere at the detriment of workers, national/regional economies and the environment. By next year, the US may even have to default on our own national debt, which will cause a global outrage. Consumers are finally “maxed” out on their fake money cards and with no extra credit; the wheels on the economic axle are falling off.
Prior to 1913, the US was the land of real money and a real economy. By the 1760’s and even a bit of the 1770’s, the US was flourishing with trade, IOU’s (insert lame jokes about IOU tablets here) and the colonial scrip. The authoritarian Brits outlawed the sound currency in 1764 and a major recession eventually struck the colonies. The Continental Currency even flourished until British counterfeiting caused mass inflation. These methods were successful because the money was based on real objects: I.E. gold, silver, food, land, goods, etc…Not “credit.”
The public banks of the early American government were used as a weapon against financier tyranny. Dead Prez’s like Jefferson, Madison and the Van Buren boy fully supported the banks and it forced them to cut expenditures and balance the budget, an American ideal that has been forgotten by modern leaders. We can thank Thomas Jefferson for his proper lessons in real federal management. These sound methods kept the government out of the hands of bankers, political cronies and corporate fascists.
With the Federal Reserve Act, the bankers gained control of the government and formed more power by instituting the Federal Income Tax. The economy became a bubble growth/bubble burst market. This pattern continued through WWI and WWII and locked us into the Keynesian tax and borrow credo of public finance.
Throughout the 1970’s to present day, we have seen bubbles growing and bursting. We had the inflation from induced oil prices, the Paul Volcker crash from ’79-83 courtesy of interest rates being raised 20%, then the merger-acquisition bubble of the late 80’s through ’92 and the Dot Com bubble of the 1990’s. Now of course we are dealing with the housing, commercial real estate, equity, hedge fun, derivatives, and commodities bubbles…a fucking mess but we continue to allow our economy to run on a Reserve system. We need to stop loaning trillions of dollars to unknown individuals and Henry Paulson’s friends. How much money did Paulson actually loan and to whom? This is a travesty.
People laugh but small farmers and the industrial sectors (the little bit that is left) still barter with certain objects. We can coordinate a modern system similar to that of the 1750’s and 1760’s. It would be fair and more of a democratic economic system based on a higher rate of public participation. Reagan destroyed the family farms and railroads but these can make a comeback and inspire more practical, economically and environmentally efficient methods to spark a REAL economy. Let’s get rid of the guy in the white suit who throws lightning bolts and dollar signs from the clouds.

(Side Note: The world’s GDP is 55 trillion dollars. Our intelligent derivatives market has lent out well over 540 trillion dollars….FANTASTIC!!!)