Fed, Banks, Growth, Monetary, Purchases, Recession
For the most part in human history, in every part of world, dominant thought has been that there is a ruling class which always supposed to rule, and there is a working class which always expected to work for ruling class. With the passage of time, we got an ever increasing realization that a person’s birth must not seal his or her fate. This realization was raised to a whole new level when our one little precious document declared, “all men are created equal”. This meant that on this new found land, once and forever, citizens will not be divided into classes. It also recognized the fact that every human being has “inalienable rights” on his or her life, liberty and pursuit of happiness.
One of the worst outcomes of class system was “welfare”. The idea behind welfare was that the ruling class always has giving hands and working class always has receiving hands. So, the working class makes money for ruling class, and then it was at the mercy of elite to “give away” a part of that wealth, in charity and welfare, to the common people. So, commoners did not have right on wealth while it could be a privilege provided to them by elite.
Our constitution changed this notion, too. It provided, everyone, the rights to be creative, productive and competitive, and earn money and wealth of their own, with absolutely no limits on it, so that they do not have to rely on the welfare and charity from rich people. Anyone could become rich at his or her own. It truly created a level plain field for everyone, based on the golden principle of “freedom for all”. Freedom from all kind of tyranny and discretion from any class of people including elite government. This freedom to do whatever you want, as long as you were not harming anyone else, changed the whole equation. Everyday Joes started doing miracles never imagined even by so called prophets and messengers of God.
The whole economy was built on the principles of entrepreneurship, competition, and supply and demand, and the hidden hand controlled everything very well. The enormous growth and progress these newly and truly freed people made in a very short period of time, stunned the world. Within two hundred years, U.S. was the largest and richest economy, ever, in human history. World’s largest and richest middle class, ever, was created, as well.
Now, the world was not just as simple as rich and poor, and elite and commoners. People were moving from poverty to middle class to high class with an unprecedented rate. They had everything. They had inventors who changed lives and living of people, around the world, forever. They had entrepreneurs and business owners who created the companies that became models for everyone else. They had entertainers and service providers with unmatched level of service. They had wealth and buying power making the whole world wonder. They had freedoms, people in other parts of the world could only dream of. They had very strong system built of self-reliance and individualism which could beat the most organized and best trained organizations anywhere in the world.
Unfortunately, the story did not continue as it was started and developed. With all that wealth and power, United States became a primary target of elite conspiracies. The very class system, we were very close to abolish, fought back with newer and smarter tactics. These conspirators would not talk about the immense progress we made, unprecedented amount of wealth we generated, strongest middle class we created. They would raise questions like how can someone be so poor in the richest country in world?
Simple answer was that we are still much better off than any nation has ever been although we do not have a magic wand. Just like their better off fellowmen they also have a chance and an opportunity to grow and move ahead, and hopefully they would have. This is not what happened. Contrary to this, out of the goodness of hearts, we became defensive. We started giving responses like yeah, this is not good. We need to do something to help the poor. So, we started “helping” poor not in our way of providing opportunity and freedom, but, in the old fashioned and rusted way of making them dependent.
We became so rich, so big and so powerful because our system had maximum possible efficiency. There was minimum waste of wealth, money and resources. Most of the immense amount of wealth we generated was used in generating more of it. Under the adaptation of this old and outdated notion of helping poor in traditional way, we kept growing the most inefficient institution humans have ever created, government. Gradually, the rapid growth of government became a huge burden on our novel and highly efficient system.
We lost the focus from helping poor by providing them level plain field. Instead of that we went back to old notion that lower class must always have the lower, receiving hand. With bigger government came bigger taxes, and economy crushing regulations. The elite class which by the way was on its way to disappearance, started growing, again. Income gap which we made narrowest in human history, ever, started broadening again. Simple things which were never an issue in America like getting and switching jobs, getting financing, starting and running a business, started to become huge issues like rest of the world which we unfortunately started to copy, for no obvious reasons.
My friends do you really want to know what is the real reason for poor being poor? It is not lake of welfare and charity. It has been going on in the world since forever. Nothing was changed by it, ever, though. What changed it significantly, first time ever in human history was the freedom and opportunity for everyone to do anything they wanted to do. Do you really want to know biggest weapons in the hands of ruling class to keep us enslaved? It is not the greed for a better life. It is the government and continuance of bogus tradition commonly known as organized religion.