Courtesy of Jeff Berwick…
Being born in America at anytime between 1623 and 1970 would have been quite a stroke of luck. You would have lived in one of the freest, most productive, and because of that, most prosperous regions on Earth. Luckily, America got its heavy socialism out of the way right from the get-go.
In 1621, the pilgrims who landed at Plymouth Rock, had initially imposed a form of managerial socialism. The concept, like it is today, was for no one to have private property rights and to donate the fruits of your labors into a pool with everyone else and to then distribute those labors by need. The experiment, like every other experiment in socialism, ended in nearly everyone starving to death.
Faced with starvation or changing, they saw the error of their ways and let everyone take possession of their own plots of land and enjoy the proceeds for themselves. According to Jeffrey Tucker, of Whiskey & Gunpowder, “This led to trade, honesty, hard work, and eventually bounty. This is why the crop yields of 1621 were catastrophic and the yields of 1623 were bountiful. The celebration of Thanksgiving really dates from a market produced bounty. (The entire story is related by Bradford himself.) “What followed was truly something spectacular. This region, who had as its most cherished philosophy, freedom and liberty, went on to be the most amazing area on Earth. It attracted all the best from most other countries – mostly because those countries did not have the freedom, liberty and the subsequent prosperity of the US.
THE FALL OF AMERICA
Unfortunately, by 1913, America had fallen into a trap that has occurred so often throughout history. First, it forgot what made it so prosperous in the first place and, secondly, it forgot the warnings of its early founders about, “Peace, commerce, and honest friendship with all nations-entangling alliances with none.”
And so, in 1913, with the advent of the Federal Reserve bank, the future for the US was set. It only took twenty years for this new system to bankrupt the US Government in 1933, resulting in the US Government confiscating gold from US citizens. Then, less than forty years later, the US Government was bankrupted again, this time resulting in any link to gold being removed from the US dollar in 1971.
“Despotism, or unlimited sovereignty, or absolute power, is the same in a majority of a popular assembly, an aristocratic council, and oligarchical junta, or a single emperor.” JOHN ADAMS (1735-1826), U. S. President, Letter to Thomas Jefferson, 13 November 1815.