Middle Class Being Ground to Dust Under Jackboots of Inflation
Governments are good at two things: Waging war and debasing the currency. These two actions are aided and abetted by a central bank. And thrust into the middle of this morass of printing and war is the common man. The middle class; the lower class; the common people are ground to dust under the jackboots of the psychopaths, deviants and escapees from insane asylum.
Richard Nixon committed the greatest financial crimes of the last 2,000 years, one that will go down in history as the most vicious since the Roman empire began debasing their precious metal currency. Nixon will be regarded as the 20th Century’s Diocletian. He took this country; our country, off the gold standard. And thus began the decline and fall of the USSA Empire.
The tragedy following this act has resulted in continual and unrelenting war with a Defense budget that cost a minimum of 25% of the entire Federal budget. And who paid for it? We, the long suffering middle class.
Let’s discuss the middle class and war.
Completely and mutually exclusive. The middle class cannot exist for long when running parallel to war. Whether the middle class is from the winner or loser of the conflict, the middle class will suffer grievously in the long pull. If one looks back over the last 5,000 years it is pretty clear that every empire, from the Sumerians, Phoenicians, Hittites, Egyptians to the USSA, started out with the best intentions of laying down an infrastructure of peacefulness and growth opportunities for the common man.
I’m not going to claim the Egyptian rulers were freedom-minded and peace loving but the ordinary citizen wanted to see his family and community do well, with enough food, decent housing and a certain freedom from the rapacity of the ruler-tyrants and bellicosity of the neighboring tribes. The middle class wants peace. They generally want to be left alone to raise their families and live their lives without undue stress. The lower classes in these times were generally hard laborers and slaves and even they would prefer lives that did not include the imminent threat of terror and death.
The sad part of this story is there would always rise from the middle classes the few powerful men who, for their own mentally delusional reasons, thought that the people needed war and conquest. They thought they were speaking for the people when all they were hearing was voices in their heads. They might be a ruling class of demi gods,kings ruling through family lineage or just a tribal leader who takes power with force of arms or intellect. The result was always the same. The lower and middle class was dragged into the fight against their will and ultimately destroyed.
Thus enters the role of the central bank, whether it was an integral part of the central government; an exchequer or minister of the treasury, or a separate enterprise such as the Fed and its spawn. If a central bank did not exist before the winds of wars blew over the land, it would have to be created.
Governments are good at two things: Waging war and debasing the currency. These two actions are aided and abetted by a central bank. And thrust into the middle of this morass of printing and war is the common man.
Fast forward to our current period.
It was the era of the USA empire building, fresh from its victory in WWII. No nation matched us for military might, even the USSR. We held them at bay with the philosophy of MAD; Mutually Assured Destruction. Empire building was and is extremely costly. The spoils of war eventually wear thin. Victories prove ever more costly. The Romans found that out the hard way. Our denouement was The Vietnam war. A horrible and consummate waste of blood and treasure. We lost and thus we passed a tipping point in the empire building notions of this country. Unfortunately our leaders did not get the telegram. And the tears continue to present day.
One of the craziest, most psychopathic humans ever to occupy a position of power was Richard Milhouse Nixon. History is already holds him in high contempt. Even LBJ couldn’t hold a candle to the deep sickness that inhabited the skull of this monster. Leaving aside his war-making lust and attempts to remake this country with new and completely unsustainable programs such as Medicare and the EPA, those could be contained with time, Nixon committed the greatest financial crimes of the last 2,000 years, one that will go down in history as the most vicious since the Roman empire began debasing their precious metal currency. Nixon will be regarded as the 20th Century’s Diocletian. He took this country; our country, off the gold standard. And thus began the decline and fall of the USSA Empire.
The tragedy following this act has resulted in continual and unrelenting war with a Defense budget that cost a minimum of 25% of the entire Federal budget. And who paid for it? We, the long suffering middle class. But profligate printing gave us an illusion of prosperity for the next 40 years. Monetary Hopium fed our delusions of prosperity. Printing FIAT gave the lower class the notion that the government would always provide for their basic needs. This same Big Print gave the middle class the illusion that everything was ok. We were seduced by a multi trillion dollar flow of money that buffered the worst of the governmental excesses, allowing us to think we were in charge and the government worked to our best interest.
Today, the largest budget item, weighing in at $1.03 trillion dollars, supporting 83 un-cuttable entitlement programs, not even including Medicare and Social Security, is the welfare state. 25% of the total Fed outlay goes to the most needy of our citizens.
The next largest expenditure in the budget is the tsunami of cash for the DOD, tipping the scales at $800 billion. Presidents who oppose this monster end up dead so the money will flow until our empire collapses in a bloody heap.
More than 50% of our entire budget, both in the form of tax receipts and debt is devoted to Guns and Butter. This is a sad 40 year history of a line of subservient politicians, Democrats and Republicans, who have been true to form, selling their souls for a place at the slop hog trough.
And what of the middle class?
The middle class has not seen one penny of increase of financial well-being since 1969. Not one damn dime. Just in the last year the middle class reached its own tipping point. The inflation adjusted income of the middle class has fallen back in time. It’s been 40 years since the middle class could actually be said to have gotten ahead of the game. Even the best of the Reagan era was spent making up for the disaster of the 1970-80 time period. Look at the nature of the presidents during that decade and you get a clue of the nature of those at the top of the food chain.
From that time on, the federal debt increased by $16 trillion, roughly $400 billion in extra FIAT flowing into the economy year over year inflation adjusted, while at the same time 40,000,000 good paying jobs were off-shored. This is the tragedy of an economy that subsists on continual war and continual currency debasement.
Did I miss anything here? Sure, lots of material. Are the results any different today than 3,500 years ago. Not really. The middle class; the lower class; the common people are ground to dust under the jackboots of the psychopaths, deviants and escapees from insane asylum. Think Hitler when you think about what qualifies for leadership in this country.