Virtually all political ideologies define themselves by how they answer these two questions. This chapter will address the second question first - how power should be distributed in any organization, be it public or private.
How distribution of power is one of the main topics of political science. Control of any institution can take only one of the following five forms:
As you can see, there is a spectrum here, with no one controlling an institution at one end, to everyone controlling it at the other. WANT MORE
Fractional Reserve Banking
We have already described one part of
the contemporary flight from sound, free market money to statized and inflated money: the abolition of the gold standard by Franklin Roosevelt in 1933, and the
substitution of fiat paper tickets by the Federal Reserve as our "monetary standard." Another crucial part of this process was the federal
cartelization of the nation's banks through the creation of the Federal Reserve System in 1913.
Native American Prayer
Oh, Great Spirit
Whose voice I hear in the winds,
And whose breath gives life to all the world,
hear me, I am small and weak,
I need your strength and wisdom.
Let me walk in beauty and make my eyes ever behold
the red and purple sunset.
Make my hands respect the things you have
made and my ears sharp to hear your voice.
Make me wise so that I may understand the things
you have taught my people.
Let me learn the lessons you have
hidden in every leaf and rock.
I seek strength, not to be greater than my brother,
but to fight my greatest enemy - myself.
Make me always ready to come to you
with clean hands and straight eyes.
So when life fades, as the fading sunset,
my Spirit may come to you without shame.
(Translated by Lakota Sioux Chief Yellow Lark in 1887)