No, the power-elite are/were much more clever than that. All they had to do was harness the power of exponents, deliver the deadly drug of debt to "average Americans" via gov't support (Fannie/Freddie) & marketing (glamorizing credit cards), and then let compound math (principal+interest) works its magic.
It's been this way for thousands of years. Works like a charm every time it's been used. Eventually, the money lenders get driven out and start somewhere else, leaving the former victim a steaming hulk.
I agree with you entirely. I suppose the only objection I have would be one of terms. Like the passage says, “The borrower is servant to the lender.”
In that respect, while I agree completely with the analysis you put forth, I suppose it’s just that, in my mind, I see that the use of debt to buy things we can’t afford, and the willingness of the population to go along with the monetary policies, use of government programs (Freddie/Fannie, food stamps, welfare, etc.), the willingness to leave the silver standard and not question the Federal Reserve, is de facto support of that government policy. If the apathetic public voted with their dollars/behaviors, AND their votes, one way or another, I think it would have preserved the freedom afforded by the founders, or hastened the destruction of America. But I agree, they’re certainly not overt about it, but I believe somewhere along the line, the line could have been drawn, but now it’s going to be drawn for us. The debt cycle and it’s failed economic policies can’t go on forever, at this point, it’s going to hurt no matter what.
You brought some much needed perspective, something I missed out on. Thanks for that insight. We musn’t forget the role of the banks, for as you said, “It’s been this way for thousands of years. Works like a charm every time it’s been used. Eventually, the money lenders get driven out and start somewhere else, leaving the former victim a steaming hulk.” Oh how true that is!