By Chris Rossini
The U.S. federal government is the biggest government to ever exist. That's not an accomplishment that any American should brag about. It's rather the sign of utter failure.
"Land of the free" and "biggest government to ever exist" are mutually exclusive. It's either one or the other. America was once the "land of the free," but has descended to the "land of the biggest government."
One can delineate the time-period when the wind was sown to create the whirlwind of authoritarianism that we have today.
The year 1913 was key. That was the year when the income tax was created, making the earnings of Americans the property of the government first. That was big blow against freedom. Politicians would now decide how much Americans could keep of their hard-earned money.
That very same year, the U.S. Congress created a banking monopoly; a central bank with a deceptive name -- The Federal Reserve. This central bank was given total control over the American money supply. One does not have to think hard to figure out why bankers would want a government-protected cartel, and why they would want the power to counterfeit dollars.
After all, no one should ever be allowed to counterfeit currency. It should be strictly illegal across the board. Counterfeiting destroys the currency's purchasing power. A McDonald's cheeseburger used to cost 19 cents at one time. You can thank the Fed for destroying the value of the dollar.
Counterfeiting also creates the boom & bust cycle in the economy, creating a perpetual roller-coaster consisting of massive bubbles that must be followed by excruciating economic busts.
Counterfeiting keeps not only troubled banks in business, but also politically-connected companies from all across the spectrum as well. It creates a "zombie" economy. Tremendous resources are wasted keeping companies around that should have gone out of business. Counterfeiting destroys Capitalism.
But why did the U.S. Congress create this monopoly in 1913?
Was it out of kindness?
Did Congress decide to willy-nilly create a monopoly and spin a wheel to see which lucky industry would get it? Did the wheel land on "banking?"
Of course not.
Well, politicians love money, we all know that. And they need money to finance their so-called "public services." In a sane system, it's not easy for politicians to get their hands on the citizens' money. Raising taxes is always unpopular. Citizens do not want to hand over their money and politicians know that.
But what if politicians could rob the citizens without the citizens knowing it? Wouldn't that be a dream come true? It would be a sort of political utopia. Well, The Fed does exactly that!
If the Fed can counterfeit money, doesn't that necessarily mean they can counterfeit money to buy government bonds?
Doesn't that mean that if government wants to go into debt to finance its "public services," it always has a buyer?
Related --- the U.S. government is $26,000,000,000,000 in debt and is going further into debt at breakneck speed!
Sure, other countries have central banks that counterfeit too, and those countries buy U.S. government debt as well. But with The Fed "printing press" always there, American politicians are virtually guaranteed to have a buyer of debt.
Take a look at the latest craziness. The U.S. government has gone trillions into debt in just a few months, and The Fed was there to virtually buy it all by counterfeiting dollars.
But where does the hidden tax come in?
Where is it taken out of the taxpayers pockets without physically sending them the bill?
Well, if a McDonald's cheeseburger used to cost 19 cents, and today it costs $6, that's how the citizens pay!
Americans go to work everyday for a wage, but when The Fed counterfeits money, it eats away at that wage. It grinds away at the value of that wage.
Search for a chart of the U.S. budget. It is currently approaching $5,000,000,000,000 in spending per year! When you look at the chart, you'll see that it goes in one direction --- up.
It doesn't matter which party is in charge or who the president happens to be. It doesn't matter what rhetoric politicians use to get into office, the budget goes --- up.
The welfare? --- up.
The militarism budget --- up.
Budget deficits (you didn't think they'd only spend what they take in did you?) --- up.
Endless wars...endless welfare...endless debt...And you end up with the biggest government in the history of the world.
Now, in reality, none of this is endless.
It must end.
The great counterfeiter, the Federal Reserve, has made this all possible. The Fed is the beating heart of big government.
Many Americans still believe in the idea of the "land of the free." Many realize that government is out of control. Many want their freedom and a limited government to protect that freedom.
But it is impossible to have a limited government and a monopoly central bank like the Federal Reserve at the same time. The Fed is the antithesis of limited government.
Limited government is possible when there is a sound monetary system. Counterfeiting should not only be illegal for everyone, but also virtually impossible to achieve.
That is why gold and silver have been money for many thousands of years. That is why the U.S. Constitution specifies gold and silver as money. The Constitution wasn't amended to change that. It has just been completely ignored.
Gold and silver will outlast The Fed. Sound money always outlasts central planners.
Sound money, when it is once again greatly desired, will retake its place as the heart of a peaceful and prosperous civilization.