Can the Twin Plagues of Inflation and Joblessness be Abated?

Recent unemployment figures show that we remain deep in recession despite the fake stock market gains due to the Federal Reserve propping it up. Money is being lent to Wall Street for non-productive activities to invest in bets on market trends and to speculate on and manipulate the price of oil and food commodities that increases the cost of gas and food to the consumer. At the same time, small businesses, the core of U.S. productive industry, cannot obtain credit to hire new employees or expand.

The government does not consider energy or food costs in reporting falsely that we’re experiencing little inflation. In fact, we’re experiencing significant inflation in the cost of energy and food because of Wall Street speculation and the Federal Reserve printing billions of dollars and creating trillions of dollars to give to big banking institutions to keep them afloat despite their being insolvent.

Many big businesses have a good reserve of cash on hand, but are reluctant to hire new employees or increase their productive activities because of uncertainty as to how new taxes and regulations will adversely affect their profitability. Many other businesses have been driven offshore by high taxes, stifling regulations and unreasonable Big Union demands, taking jobs offshore with them.

Another factor that’s increasing the cost of food is government subsidies for ethanol production from corn; a significant number of acres that used to be planted with food corn (both for humans and for animal feed), are now planted with different corn strains that are only useful for ethanol production. Government meddling in this respect has increased corn ethanol production with the adverse effect of decreasing food corn production driving higher prices for all foods that depend on corn (i.e. corn products, poultry, eggs, dairy, and other meats). The Obama Administration’s continued refusal to develop domestic fossil fuel energy resources prevents a lot of job creation that we could have in establishing energy independence from less than friendly foreign sources subject to regional turmoil.

To jumpstart our failing economy and put our people back to work, government must get out of the way with significant tax and regulation reform to bring jobs back to America, and the current imbalance of power between management and labor, in labor’s favor, promoted by government, must be reversed. Ethanol subsidies must be ended immediately, and an aggressive policy of allowing and encouraging domestic fossil fuel energy development must be undertaken.

Congressional audit and control of the Federal Reserve is essential to promote financing of productive small businesses instead of non-productive Wall Street gambling and to prevent further devaluation of the dollar by printing money and adding billions of dollars to the money supply. Each day that passes that we fail to take these first steps towards economic recovery prolongs the recession, ruins formerly successful businesses, stifles innovation, and incurs further catastrophic losses for individuals, both in terms of assets like homes and retirement, and in their personal lives.

The Power to Make & Control Money Derives From Natural Law

In the charter documents of the United States, the Founding Fathers highlighted Natural Law from which mankind’s unalienable rights are derived, including the right to life, liberty, property and the pursuit of happiness. These natural and unalienable rights, especially with regard to property and the pursuit of happiness, necessarily involve economic freedom and free enterprise. Natural Law, the Founders related, also defined and restricted the role of government to that of securing these natural rights to the people, without otherwise getting in the way of the individual’s pursuit of happiness. The Constitution, based on Natural Law, grants specifically limited powers for the sole purpose of enabling the federal government to protect and preserve these rights.

One of the major tasks of government is to protect the nation’s lives, liberty, property and economic freedom from foreign invasion. Primarily for this purpose, the Constitution provides the federal government with the power to raise and command military forces in the nation’s defense against foreign military attack. The Constitution, in granting the government the power to make and control money, also provides for the defense of the country from another form of foreign invasion and attack, that of the International Banking Cartel, which through its ownership and control of the Federal Reserve, and the Federal Reserve’s absolute monopoly to make and control money, seeks to ensnare all Americans in debt-bondage and precipitate boom and bust cycles that lead to the systematic, legalized theft of American property.

The monopoly power to make and control money was usurped by the Federal Reserve while the nation’s leaders stood by helplessly, silently complicit in the construction of this most egregious form of Corporate Statism. This wholly, privately owned business (there is NO government ownership or control of this business) is strictly controlled by foreign banking interests, who operate this government-granted monopoly with the singular goal of acquiring America’s wealth without respect to natural rights. Only by restoring the power to make and control money to the Congress, as prescribed by the Constitution, can the federal government fulfill its Natural Law role in defending the nation against this form of foreign invasion and in securing our natural rights to economic freedom, property and the pursuit of happiness.

Some see the call for restoration of the power over money to government as a departure from free enterprise principles in favor of centralized, typically inefficient and imprudent government control. However, the Federal Reserve banking system, as a government-granted, Corporate Statism monopoly, never was free enterprise, it selectively dispenses financial advantages to its crony businesses thereby removing the effects of free market competition, and its persistently imprudent actions have led to massive erosion of the dollar’s purchasing power and to recurrent periods of economic chaos and collapse.

In addition, there is a clear duty of government to protect and preserve Americans’ natural rights to life, liberty, property and the pursuit of happiness in defense against economic invasion, manipulation and conquest by the foreign, International Banking Cartel. Protection of economic and property rights by the constitutional power over money is no less a Natural Law role of government than that of maintaining military forces to defend against military assault.

The federal government has the responsibility, duty and authority to protect America’s property and economic freedom, and can and should restore the power to make and control money to Congress. The concept of the individual States sponsoring their own public banking system, minimizing the power and negative effects of the Federal Reserve banking system monopoly on a Statewide basis, and promoting State commerce, industry, employment and prosperity, is a natural function of State’s rights and sovereignty in the protection of its citizens’ rights, and is complimentary to and does not conflict with the federal power over money.