Scientific Socialism And The Federal Reserve Board

One thing I remember about the old Soviet Union was a class that all good communists had to take in school to even be considered for a leadership position in the party hierarchy. It was known as Scientific Socialism. This course came complete was a large number of vocabulary terms that glorified socialism. The better a comrade was at memorizing the vocabulary and working it into political speeches the better the chances for advancement.

The whole thing was nonsense. There is no science in socialism. Socialism is one of the names for collectivism. Science deals in facts of an exact nature. In science one can even employ formulas using known laws of science to predict the future. For example, one doesn't have to be a rocket scientists or even conduct an experiment to see how fast objects will fall to earth. It is settled science. The law say objects fall to earth at a rate of 33 feet per second, per second until reaching peak velocity due to air resistance. Therefore, if someone wants to know how long it will take for a rock to hit the ground from a forty-seven story high rise all one has to do is the math. It takes around six seconds - every time.

Now back in the old Soviet Union days these scientific socialists were forever making projections and coming up new five year plans that would solve their problems like not enough food being produced for the worker's paradise. They were always wrong and as it turns out scientific socialism was as well - about everything.

Central planning is always a dismal failure especially once the region becomes bigger than the local area. As a father I can say central planning my family even teamed up with my wife is a very hard task but thus far not impossible. However, as far as I can see the bigger the government the bigger the centrally planned failures. Number one would have to be our centrally planned money supply. The Federal Reserve Board centrally plans how much money is created and who gets the first shots at spending the cash. The Board uses CNBC shills to explain the science of this centrally planned money and speculate if we are having a double dip our not as if we're all trotting down to the ice cream parlor for two of our favorite scoops. Still most people don't know what to think. What's going to happen?

Let's look at history. Everything based on central planning has failed in the past. There are no working example of centrally planned systems that have ever been successful. The ones that still operate today like the centrally planned fiat dollar will do what all centrally planned currencies have done in the past - collapse. It happened in Germany before WWII. Same for the Ottomans and WWI. The dollar supply has been centrally planned for almost 100 years and this has been responsible for all of the recessions and now our Second Great Depression. But most people have not realized this until recently. Once Americans understand how the fiat money supply is manipulated and how this effects our economy and their private lives at the very least they change their behavior. This is what makes the job of some of these centrally planning geniuses like Ben Bernanke so hard to do. He and the other Fed Bankers are centrally planning away today trying to put their Humpty Dumpty fake fiat money system back together again. They will have their CNBC General Electric shills like Steve Liesman working over-time. In his name you will find the truth. Steve lies man and the more the public see the cracks the sooner the game will be over.