You know the root of the problem with a declining America is the Federal Reserve.

The Federal Reserve keeps the Ponzi scheme going. What is the nature of this Ponzi scheme? Let me explain.

Congress spends. Congress always deficit spends. They spend more than tax revenue. When they spend more than revenue they need to make up the difference by selling treasury bonds.

There is not really an issue with selling bonds. There is no problem with selling bonds in a non-manipulated market. The root of the problem is the manipulated bond market.

When the U.S. Treasury sells bonds to the general public and there are not enough buyers the price of bonds would naturally decrease in a true and fair market. But the bond market is anything but true and fair. When there are not enough buyers the Federal Reserve always steps in and become the buyer of last resort. By being the buyer of last resort they provide bond price stability and are able to maintain low interest rates. Remember there is an inverse relationship between price and yield with bonds.

As heroin is to the junky, the Federal Reserve is to congress. Without the Federal Reserve congress wouldn't have the ability to spend like your suburban housewife jonesing on xanax. A true and fair bond market without the Federal Reserve would keep congressional spending in check because the cost of debt would naturally be too high for congressional over spending. But the Federal Reserve is their drug dealer and allows them to spend like they wish.

I know a lot of posters already know this. This is just a reminder. With that said any other topics in politics or government policy is just nibbling around the edges. Nothing will change until money becomes more real and congress is held in check by natural and true scarcity.