We didn't mean to become socialists. Many of us had parents, grandparents or great grandparents who came to this country from the Old World, worked hard, taught their children good values and were undistracted by the mind candy technology affords us today.

Fed or Red?

Needless to say, no reader is going to argue that a global economy is a bad thing. In my opinion, we've always had a global economy, as long as the Cro-Magnon on the beach traded rocks with the Cro-Magnon in the woods. Do not to confuse a global economy with a global conspiracy to control that economy. That conspiracy is easily provable and originates in the Federal Reserve of the United States.

For those unfamiliar with the Federal Reserve System, it is the central bank that dictates monetary policy, which one could argue is unconstitutional, since the Constitution states that only Congress may "coin Money and regulate the Value thereof." The Fed oversees the rest of the banking system in the United States and the FDIC, the Federal Deposit Insurance Corp., was created to protect customers from losing their money in the event of a run.

Banks take your money and lend it to others. Banks never keep the amount of money on hand to match the amount they lend. In other words, if every customer at your bank suddenly wanted his money back, the bank could not pay. The FDIC also holds a reserve account for each bank but, like the banks themselves, that reserve amount is never enough to match the banks they are alleged to "insure" (the FDIC held 70 cents for every $100 of covered deposits in 1994). What happens then?

The official story is that the Fed was created as a result of several panics (1873, 1884, 1893 and 1907), and it was argued by its proponents that a central bank could help stabilize the economy and protect citizens from bank failures (not a new concept in America-there had been two prior central banks with limited life spans). This is a typically noble government concept. The truth is that the men with the most money created the Fed so that they could control that money.

The Left Bank

What makes us socialists? The answer to that is that the government has stolen the free enterprise system. The international bankers call the shots. Lawmakers and governments are subservient to money. The banking system is designed so that if a large bank fails (the smaller ones are usually left to die or consolidated by a larger bank), and the FDIC holds inadequate "real" money to compensate, it can go to the Fed and ask for loans. Where does this money come from? It comes from the printer. The Fed makes the money to give away. And that is why things get more expensive. It's called inflation and it isn't that prices are going up it's that the value of the dollar is going down.

Ultimately, the one who foots the bill for all this wasted money is the taxpayer. A central banking system has been created that enables banks to be reckless with money because the Fed, the government and ultimately, the taxpayer, has them covered no matter what. The "bail out" represents the ultimate free ride.

The United States is also the biggest contributor to the World Bank (International Bank for Reconstruction) and it lends money to dictatorships, despot governments and foreign governments-including Saddam Hussein and, in the past, Osama bin Laden.

It really doesn't matter if the loans are paid back or not because they are covered by us in the form of inflation. The Fed will print more money out of nothing, circulate it and drive the value of the dollar down, but the bankers prosper.

What makes us socialists is that the government now pretty much controls everything. It doesn't matter what party, they're all in cahoots.

If there is no such thing as a monetary conspiracy, why does President Bush, of the Republican Party, that so-called "states' rights" party, that so-called "enemy of Big Government" party, create a budget that could expand the national debt by $1 trillion? Why did former President Clinton, of the Democratic Party, the so-called "blue collar" party, the "sympathetic party," agree to NAFTA and the World Trade Organization, global organizations designed to usurp the sovereign laws of individual countries and displace union workers with low-wage foreigners? Sovereign laws are like environmental regulations: They cut into profits. And who cares about the deficit? We had better, that's who.

As the dollar loses value because it is based on nothing (gold standard, long gone) and our ever-expanding government force feeds us its outrageous, irresponsible and unconstitutional banking practices, the ones owed that projected $3 trillion debt are going to come collecting. The Fed will have to print an awful lot of money to cover that debt ... too bad the money will then be worthless.