In 1929 there were 123 million Americans. At least 3 million of them died of starvation though some demographers say as many as 4 to 7 million. They died because the US money supply contracted 31%. The US Federal Reserve is privately owned by member banks. The Bankers created it and decided to give themselves the right to charge us interest on money they created out of nothing thus transferring wealth from Main Street USA, the people who did all the work, to the parasites of Wall Street. There was a plan to end the Depression in 90 days. It was called the Chicago plan and was essentially Dr Irving Fisher's 100% Money. He would have started with President Lincoln's Greenbacks which bore no interest because they were not borrowed into circulation as the Federal Reserve Note is. If we still had Greenbacks, there would be no $31 trillion national debt and no $580 billion a year in interest payments on the debt. Those two reforms would save us about a trillion dollars a year in taxes or really deficits at this point. Dr Fisher would have banned fractional reserve banking which means banks could no longer take $100 and create a thousand dollars in loans. That would have put an end to bank runs in the 1930s. The reason why the US could not balance its trade deficits with the rest of the world was twofold. First, Wassily Leontieff told us through his study of the US economy in the 1930s that the reason Americans made a third more than Europe was that we extracted resources from our abundance and added value through our skilled labor. That ended with WW II. We over populated our country when our population went past 150 million and we had to import natural resources.
The second reason was explained by Dr Michael Hudson in a lecture to the Pentagon in 1972. He told them that because the US was printing an international reserve currency we were forcing foreigners to accept Federal Reserve Notes as if they were gold so they were paying us to occupy their lands. We could never go back to the gold standard until we reduced our population to a level our natural resources could support and we stopped all these idiotic foreign wars. When a dim witted general finally understood that we were making foreigners pay us to occupy their lands, he said, "Wow! We are ripping people off."
Woodrow Wilson prolonged WW I which should have ended in 1915 because we wanted to bankrupt England, France and Germany. This is according to Lundberg's America's 60 Families. The Japanese Emperor tried to surrender in 1936 and offered to both pull out of China and to break his alliance with the Germans. He even wanted to become an American ally against Soviet expansion. The German military offered in March of 1939 to arrest Hitler if they could have peace with Britain. The British said No. The Brits also told the Poles not to call up their reserves. That was after the head of Abwehr Admiral Canaris had told them Hitler would be invading Poland on September 1, 1939. If Hitler had floundered in Poland just a little longer, the French would have been emboldened to send even more of their soldiers into Germany than they did. The world would have been a different place with China free and Hitler having been arrested by the German military.
Today the US must print money like mad for several reasons. One is massive corruption. The other is that the leadership in DC despises regular Americans. NAFTA (North American Free Trade Agreement) was passed in 1993. Since its passage, we closed 80,000 manufacturing plants. And then the Elite decided to let in 70 million more people so we had to pay more rent and be paid far less. Biden let in 5 million illegal aliens so far. 20 million US households cannot afford to pay their utilities. We print dollars by the trillion so we can make it appear that we are still the wealthy nation we were back in the 1950s.
Let me talk of corruption. Dr Mark Skidmore and Catherine Austin Fitts have documented that a lot more than $30 trillion has been stolen from taxpayers. Remember Donald Rumsfeld admitting to CBS News on September 10, 2001 that $2.3 trillion had gone "Missing" from The Pentagon? It is far worse today. The US Congress passed a FASB regulation that says if a congressional or senatorial committee asks a department head from Education or HUD where that $20 billion went, he does not have to answer. He can say, "That is a matter of National Security and I don't have to answer." He would be right because if people realized how corrupt DC was, they would be going after politicians the way they did in Sri Lanka.
Corruption imperils our military. The US is still fooling around with subsonic cruise missiles when Putin just announced he is deploying the Mach 10 Zircon. Russia and India jointly produce a Mach 3 BrahMos cruise missile which they will update to a Mach 8 version in a couple of years. India and Russia have Mach 20 missiles. Even Iran has a Mach 14 missile. What does the US have? Excuses, tens of trillions in corruption and missile test failures at Mach 5.
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