In 1929 when the Great Depression started -gold was backing the U.S. money currency BUT we still had a DEPRESSION. When Nixon took us off the GOLD standard it was many years before we got to this point WITHOUT Gold. It seems to me that whether a currency is backed or NOT backed with gold is irrelevant. What is relevant is whether CORRUPTION and not STICKING to a BUDGET is the reason for our money problems – hence the FREE markets without GOVERNMENT intervention. My understanding is that a FREE market would NOT let excesses get out of hand and bring everything back to the norm.
In your August issue you blame government agencies that are there to protect the common worker, as being useless. I disagree to a point as long as those agencies DO THERE JOBS as INTENDED without BRIBERIES or CORRUPTION. Any Government agencies that ACCEPTS Taxpayer money is there to WORK for us—right??
ANY Form of GOVERNMENT that is CONTROLLED by CORRUPTION is bound to FAIL sooner or later. As you know Governments (should) WORK for the PEOPLE.
In your opinion – how long has the U.S. been bankrupt – I’m thinking as far back as 1970.
Also, I think that Social Security is a GOOD thing – just ask anyone who lives on JUST Social Security. And, if the Government would have left it as just Social Security and NOT Added Medicare or Medicaid, and if they would have left their GREEDY hands off Social Security and NOT BORROWING from it and NOT paying it back, we would not even have a problem with SS today.
Any Response would be appreciated.
Your understanding of the causes of the Great Depression is flawed. To better understand it, I recommend the book, The Politically Incorrect Guide to The Great Depression and the New Deal, by Robert P. Murphy, Ph.D.
As to government agencies being there to protect the common worker, in theory that is true. In actuality it is not. Government agencies now work for government. Bureaucrats will not go against their employer. The government acts to create problems, then legislates to solve the problems it has created. Tyranny grows.
The bankruptcy (default) began when the Federal Reserve was formed in 1913. It was completed when President Richard Nixon removed the U.S. from the gold standard in 1971.
Regarding the Social Security Ponzi scheme, it is government-sponsored theft. Anyone who understands government understands that it is infested with greed. There was no way the elites would see that money pot sitting there and be able to keep their hands out of it. All government programs are begun under altruistic, Pollyanna-sounding language and with feel-good motives. But governments are out for one thing only: to steal what is yours and use it for their nefarious purposes. Believing differently is naivete.