Forum Post: Free Markets and Wall St are NOT the Problem; End the Fed, Occupy D.C.

As the Wall St. protestors grow in numbers, their message and demands become increasingly obscure and disconcerted. It seems everyone has their own answer to our economic woes and are quick to place blame on whatever institutions or ideologies they feel are responsible. It seems like everyone seems to be jumping on the bandwagon, from the unemployed, to the unions, to celebrities like Michael Moore. What is clear, however, is that many others are now chanting along side people like Michael Moore, a well known socialist, and are now blaming capitalism and free markets as our problems and presenting socialism and bigger government as a solution. As alarming as that sounds, there seems to be more and more people out there who seem to be singing the same tune. The only problem with their incriminating arguments against capitalism and free markets is that they’ve never actually lived in a truly free market, and the very ideologies they place the blame on are almost the exact same as the ideologies they are now promoting: An amplified version of socialism, big government, corporatocracy, dependence, and collectivism. The truth is we have not had true capitalism or free markets in the United States for at least 98 years, or since the inception of the Federal Reserve System. It is impossible to have a free market when there is a private central bank that controls the money supply by artificially setting interest rates, operates without any transparency or congressional oversight, and makes secret deals with Wall Street, foreign central banks, and other politically-connected insiders. That is the very antithesis of a free market. In a free market, interest rates and the money supply would just be determined by supply and demand like anything else. The Fed is actually quite inefficient in determining true market interest rates and thus creates massive disequilibrium and imbalances that are felt worldwide. Bubbles blow up and pop when artificial supply and demand for money is created by just a few people, leaving the average person to cope with the pain of the inflation and deflation of their money, assets, and resources. In addition to this fundamentally flawed credit market, we have a Federal Government that has gotten so huge and so invasive, anyone still saying we live in a free market world should be thrown in an insane asylum. We have never before seen such an expansion of Federal government than we have in these past few decades. Since 1971, when the Bretton Woods agreement was revoked, we saw the last remnants of sound money thrown out the window and an explosion in government indebtedness.

READ THE REST HERE: http://www.moneytrendsresearch.com/capitalism-and-wall-st-not-the-problem-end-the-fed-occupy-d-c/