{"id":44744,"date":"2019-03-25T09:16:24","date_gmt":"2019-03-25T14:16:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44744"},"modified":"2019-03-25T09:19:33","modified_gmt":"2019-03-25T14:19:33","slug":"chapter-6-american-won-and-lost","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44744","title":{"rendered":"Chapter 6: American, Won and Lost"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.cobdencentre.org\/2019\/03\/chapter-6-america-won-and-lost\/\">CHAPTER 6: AMERICA, WON AND LOST.<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">After the United States gained its independence from Britain, it became powerful in the world in two very different ways: as an idea, and as a reality.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018America the idea\u2019 is a land of freedom and democracy, equality and opportunity, promoting these aspirations and values across the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018America the reality\u2019 is an international power. It was built on genocide and slavery. Today, a carefully managed monetary system allots wealth to those who do no productive work. In the wider world, America destabilizes popular governments, promotes tyrannies, creates dollars to purchase foreign resources for corporate exploitation and sponsors foreign wars to establish new bases of military and financial power.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For a long time \u2018American the idea\u2019 successfully camouflaged the activities of \u2018America the reality\u2019. Today the camouflage is wearing very thin indeed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018America the reality\u2019 became stronger than \u2018America the idea\u2019 as the powers of money and corporate industry won out over the idealism and the good intentions of many of its \u2018founding fathers\u2019<a href=\"https:\/\/www.cobdencentre.org\/2019\/03\/chapter-6-america-won-and-lost\/#_ftn1\"><sup>[1]<\/sup><\/a>&nbsp;and of countless others. Central to this development was the adoption of British banking as a way of creating money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The adoption of British banking by America has an interesting history. After Independence, the American elite opted for the method favoured by their old colonial masters and rejected homegrown approaches to money-creation, some of which had been both just and efficient (see below).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new elite liked British banking for the same reason it was loved by the British parliament \u2013 because it favoured government power and private wealth. The collusion of finance and government power, via circulating credit, is a very resilient form of concentrated power, because although everyone can see the bad effects, few people understand how it works. Governments across the world have since adopted the method for the same reasons: to augment their own power, and to make it easy for their supporters to increase their own wealth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHAPTER 6: AMERICA, WON AND LOST. After the United States gained its independence from Britain, it became powerful in the world in two very different ways: as an idea, and as a reality. \u2018America the idea\u2019 is a land of freedom and democracy, equality and opportunity, promoting these aspirations and values across the world. \u2018America [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[61,93,7380,2938,204,24089,3731],"class_list":["post-44744","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-banking","tag-britain","tag-cobden-centre","tag-collusion","tag-democracy","tag-ivo-mosley","tag-money-creation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44744"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44744\/revisions"}],"predecessor-version":[{"id":44745,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44744\/revisions\/44745"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}