What is up, America? Our people risked starvation and cold winters on an unknown frontier. These were not the complacent "X Factor" viewers, that gather today in gated communities coast to coast. The early Americans were not afraid to travel. Settlers lived on rations and hunted game to make the journey across the Oregon Trail. The Homestead Act gave people free land. The early Americans were stalwart people. Burly and bold, they came supplied with a will to survive; because failure meant death, and home was too far away. Somewhere along the way we have lost our Wild West, "Yes We Can" attitude. How did America transform from a nation of pioneer states-people to a country that thrives on borrowed money? While the national debt grows and grows there is no one person or place to shove the blame.
Just as many adventurous Americans were moving West searching for their dreams, the federal government was working to eliminate the gold standard. Essentially the government was devaluing the American dollar. By the beginning of the twentieth century, the Banker's Panic of 1907, efforts were in place to create a central banking system. On the eve of the First World War, powerful families like the Aldriches, Rockefellers, and Warbergs, aided in the formation of the Federal Reserve. The Federal Reserve, our current system, has allowed private investors to make our dollar an elastic currency. For almost one hundred years, the United States of America has been at the mercy of private lending groups working with the federal reserve.
In 1929, the stock market crashed, and the American people were left on their own to "make do." The depression era produced a new kind of American, wary of frivolous spending. However, just as America was brushing itself off from the dust-bowl, Japanese bombers attacked Pearl Harbor. The American people stepped up to aid the British, thus creating an enduring alliance. President Roosevelt devised a plan to get America out of debt: building lots of weapons. All of this looked so good on paper, because the Second World War looked like the biblical apocalypse: it seemed unending. Finally, Germany surrendered. At the end of the war Europe was again devastated and the United States did a great deal of good business helping to rebuild the West. The post-war era was a period of economic prosperity as many world players like the United Kingdom were forced to rebuild their cities.
While contemplating the present century's financial meltdown we find America searching for an FDR to serve us up a "New Deal." However, this time we do not have an opponent like Hitler to justify our military industrial complex. We stand alone as Americans on a mountain of bank slips from wars that started before many of us were even children.
Where do we go from here?