It is now obvious that the USA consists of two cultures that have little in common. They are best described as the “haves and the have nots!” We are very far apart financially, and we struggle to close the divide. Most citizens today are best described as inside or outside help by our betters, and each group is used politically as needed for expansion of the power of the nobility. This societal divide has waxed and waned throughout our history.
The other schism is the cultural divide. The values of the majority of the nation have been ignored as “common” during the international scramble for control of world economics. This concentration of funds has allowed the societal foundation of the country to be undermined throughout our history.
Our financial well-being today is based on a completely different economic plan than was envisioned by the Founders. The original system was agriculturally based, which created an independent citizen within a community of like-minded individuals. These farmers ruled the country because of similar personal wealth and the stability it created.
The wealthy and educated men of the day were southern planters. Socially they emulated the English landed gentry. Merchants and artisans were disregarded as being “in trade.” Bankers were also contemptible but necessary and certainly not invited to your table for dinner. The slave trade supporting the southern economy was the backbone of finance in New England and London which ended up with the international financiers casting a jealous eye upon our country.
The wealth and influence of the planter class were incredible. The lifestyles of north and south were very different, and we were one country in name, but lifestyle, religion, and political beliefs were separated by a great chasm. There was also a great divide among our citizens in power and wealth.
The banking group of Rothschild and Biddle tried to extend their insidious power of debt thru the National Bank of the United States. Unfortunately for them, their opponent was Andrew Jackson. He eliminated the national debt as well as the National Bank. Unfortunately, we have been a debtor nation since his retirement.
Having no debt was, of course, an anathema to the bankers and a blockade to their attempts to bribe Congress. The big bone of contention was the tariff laws. They provided about 89% of the budget for the country in 1832 and rose to a tax rate of 50%. We were a very divided country. The Nullification Crisis almost created secession until Jackson stepped in and singlehandedly stopped it.
The Civil War thirty years later was an extension of the same fight with different players. The emotional appeal of stopping slavery was hailed, but as always money was the major factor in war. The “greenbacks” created by Lincoln financed the war, and the railroads eliminated the feeding trough of debt from Wall Street and the City of London. Greenbacks were eliminated after Lincolns assassination and removed any financial impetus for a united country in outlook; politically or socially.
As the new citizens from Europe arrived, escaping the starvation in their home countries, a new economy rapidly expanded to the West. The banking class began to finance railroads and shipping lines across the country while expanding their financial power again. The impoverished starving South was paying off the notes of Wall Street in gold, while the North was enjoying financial expansion through debt while leaving the Southern states behind.
The Panic of 1873 is often described as the first worldwide depression. The beginning was the elimination of the U.S. greenback, initiated by Lincoln to pay for the war. The bond market became overheated and the interest payments stopped. The ordinary citizen was again at the mercy of his betters. The famous Cross of Gold speech by W. J. Bryan underlined the feelings of the poorer members of society and began a struggle for control that has existed ever since.
The creation of the Federal Reserve Bank in 1913 marked the final victory of the Wall Street set. The bank controls all U.S. monetary policy. Any politician that wishes to succeed in D.C. must bow to their whims. This system will continue to separate the country into the elite and the help. The concentration of funds in their hands has shown no better success than the gold standard, the only exception is the lining of certain people’s pockets. The abuse of the Fed system creates recession or depression, and the poorer financial classes have to pay the price for extravagance.
This great social division occurs throughout our history and often war or civil disobedience are the only ways to halt its’ progress. The 1934 attempted coup against Frank Roosevelt shows how far the financial group will go to defend their status and wealth against the ordinary citizens’ representatives.
Today the American worker has been bypassed by China and his strength is no longer available to reconcile the greed and incompetence of our government. The overseas expansion of bank profits has led us astray again. The destruction of Mr. Trump was a result of his attacking the offshoring of our wealth. Small business capitalism built our country because it spread wealth across the spectrum. Corporate socialism is just as dangerous as Mr. Stalin and his friends, Joe Bribe’em and company.
“The future is uncertain and the end is always near.”
J. Morrison
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