We continuously hear over and over again that the leading cause of poverty in America today is a lack of regulations, inadequate taxation, underfunded budgets, "privatized" health care, and the free market system itself. Capitalism is blamed for the over-concentration of power and wealth into hands that belong to the richest of the rich. All of our troubles are claimed to have been caused by the system that brought us more freedom and prosperity than any other nation on earth. My friends, the leading cause of poverty in America today is not capitalism - it is our departure from that system and our inability to preserve the principles upon which our nation was founded.
At the root of the problem is the central banking system that we adopted in 1913 under President Theodore Roosevelt and then advanced further under President Woodrow Wilson. Both of these men were power-hungry globalists whose policies triggered a "need" for an elastic currency. When government bureaucrats propose budgets that are too expensive, taxes that are too high, or regulations that are too burdensome, the Federal Reserve is given the encouragement to expand credit and print money endlessly without a care in the world that the creation of the money itself is entirely artificial. It is created out of thin air.
Before the Federal Reserve, the government had to spend within its means. However, if we continue with a centralized monetary policy, the government will continue to spend and expand without limit. Poverty becomes a very difficult issue to deal with. Politicians, in turn, propose massive taxpayer-funded welfare programs that only drive up inflation, which is not only an increase in the money supply, but also a way of taxing the poor more than any legislative tax could do. When an inflationary policy is endlessly continued in infinite cycles, prices rise, wages go down, and it becomes more expensive for employers to hire people. The dollar is depreciated, and we get less bang for our buck. Poverty programs only make poverty worse.
Never has America been more riddled with useless wars and foreign entanglements than in the past several decades. If it wasn't for the Federal Reserve, the government would not be able to declare wars on other nations without a care in the world what it would do to our national debt and the economic well-being of our citizens. Recently, President Obama confirmed a troop surge of 30,000 men and women into Afghanistan. It's as if he is taking a page right out of the Bush playbook. This was the man who was supposed to be anti-war, the man who everyone thought believed in peace and nonaggression. His supporters continue to make excuses for him, but there is no excuse for sending tens of thousands of troops into a country that should have been left by Americans a long time ago. If you are anti-war, there is no excuse for the actions that were taken by President Obama, so stop making excuses for him. Does anyone else regret that we did not elect Congressman Ron Paul for president?
These wars pose a threat to our security, our economic well-being, and our civil liberties. It gives the totalitarian dictators in Washington the ability to take away our right to privacy and free speech in the name of what they determine is our "national security." When you give up liberty for security, you lose both. The real threat to our security today is the imperialistic power structure that consists of the U.S. government, the corporations preferred by bureaucrats, and the dictatorial Federal Reserve that controls almost every aspect of our economy. We are sinking deeper and deeper into the realms of fascism, and that is not something our Founding Fathers would have been proud of. We must do everything we can to fight for our lives and for our freedoms. We need to return to limited government, low budgets, low taxes, a noninterventionist foreign policy, and sound money.
The cause of all of our troubles, including poverty as we've never seen it before, is the inability to preserve the foundation upon which our great and prosperous nation was founded.