One day, historians shall say a post-World War 2, 1950s to early 1960s economic bump masked the long decline of the USA. This decline began to be obvious in the late 1960s and began to accelerate in the early 1990s, with last gasps that included the dot com bubble of the late 90s and residential reality bubble of the mid-2000s.
However, the real decline began in 1913, during the the Quiet Revolution of 1913, which overthrew the Founders' constitutional design. During the Quiet Revolution, popular representation of the House was frozen at a permanent 435, which has made it easy to capture Congressmen.
Also popular voting for Senators became law, which took away the impossibility to bribe thousands of states' legislators, who had chosen Senators, and made it easy to buy 51 out of 100 senators.
The revolutionaries of the Quiet Revolution of 1913 established the Federal Reserve System, eventually replacing a specie money system based on gold with a fiduciary money system based on checking account credits, paper centralized bank notes and token coins.
In the days of specie money, citizens could run on bankers when they could see that bankers were mishandling credit. These runs forced bankers to behave. With gold as everyday money, bankers were powerless and so were politicians.
Today, in the era of fiduciary money, citizens live at the mercy and behest of bankers. It's bankers who control the Federal Reserve system and who bailout themselves and the lesser bankers whenever they mishandle credit, as in the most recent residential reality bubble stoked by no-doc liar loans.
Also, it's bankers who order their Federal Reserve system to buy bonds sold by U.S. politicians. However, their Federal Reserve system doesn't have money. So to buy bonds, the hacks at the Federal Reserve conjure up checking account credits from nothing.
Doing so is a kind of counterfeiting. Doing so is why food prices go up and why gasoline prices go up. Doing so is why unionized government employees are vastly overpaid for the same job titles as those in the private sector.
Also in 1913, the Quiet Revolution revolutionaries instituted the income taxation system, which gave politicians the means to dole out political privilege through subsidy to financial backers and welfare to loyal voting blocs.
So now you know what happened to America, Americans.
Connect
Get TDJ updates right in your inbox
TDJers Are Reading ...
-
Deltas — T$ (True Dollars™) Deltas — $
-
Back during the days that fool Alan Greenspan was chairman of the Federal Reserve, the Mr. Magoo who could not see the biggest credit bubbl...
-
Today, the editors of the American Thinker published a work by Peter Skurkiss titled Alberta: Our 51st state? In the work, Skurkiss makes t...
-
The data comes from the Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins Uni...
-
The word holiday is an Old English word, haligdæg meaning holy day, consecrated day, religious anniversary; Sabbath. By the 1300s, the word ...
-
In his so-called manifesto, The Great Replacement: Towards a New Society, Tarrant, under the heading Why did you carry out the attack?, list...
-
Earlier today, I published, NAFTA? CANADIANS SHOULD PAY A 15.5% TARIFF FOR EXPORTS INTO THE USA. THE WORLD SHOULD PAY MUCH MORE , in which ...
ALL-TIMERS
-
Back during the days that fool Alan Greenspan was chairman of the Federal Reserve, the Mr. Magoo who could not see the biggest credit bubbl...
-
The data comes from the Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins Uni...
-
Today, the editors of the American Thinker published a work by Peter Skurkiss titled Alberta: Our 51st state? In the work, Skurkiss makes t...
-
On Monday, January 21, 2019, the junior senator from California, Kamala Harris, announced that she is is running for the Democratic Party no...
-
In his so-called manifesto, The Great Replacement: Towards a New Society, Tarrant, under the heading Why did you carry out the attack?, list...
-
The election of Donald Trump will transform the USA. Believe it. The trends that began between 1988 and 1995 peaked in 2016 and are now c...
-
Deltas — T$ (True Dollars™) Deltas — $
-
NAFTA? CANADIANS SHOULD PAY A 15.5% TARIFF FOR EXPORTS INTO THE USA. THE WORLD SHOULD PAY MUCH MORE.So why should Canadians pay a 15.5% tariff for the privilege of exporting to Americans? Well, read on. However, if you must, the tariff tabl...
-
Recently, I witnessed this exchange: Guy #1 We need immigrants. Guy #2 We do not need immigrants. Government might desire immigra...
-
Earlier today, I published, NAFTA? CANADIANS SHOULD PAY A 15.5% TARIFF FOR EXPORTS INTO THE USA. THE WORLD SHOULD PAY MUCH MORE , in which ...