Oligarchies are born. But those that survive in an
economically competitive world must recruit bright young men to overcome the
regression to the mean: the average sons of the oligarchs.
This is done through educational screening. That is the
message of The Bell Curve. It is also the message of Superclass.
Where did America's Presidents attend school? I have
marked with an asterisk those who were not Ivy League graduates or military
academy graduates.
1904: T. Roosevelt (Harvard/Porcelian)
1908: Taft (Yale/Skull & Bones -- 2nd generation -- father was a founder)
1912: Wilson (Princeton -- student and president)
1920: *Harding (no college)
1924: *Coolidge (Amherst -- Harvard lite)
1928: *Hoover (Stanford -- West Coast Ivy League)
1932: F. Roosevelt (Harvard)
1948: *Truman (no college)
1952: Eisenhower (West Point)
1960: Kennedy (Harvard)
1964: *Johnson (Southwest Texas State Teacher's College)
1968: *Nixon (Duke Law School)
1976: Carter (Annapolis)
1980: *Reagan (Eureka College)
1988: Bush I (Yale/Skull & Bones)
1992: Clinton (Yale Law School)
2000: Bush II (Yale/Skull & Bones)
2008: Obama (Harvard Law School)
1908: Taft (Yale/Skull & Bones -- 2nd generation -- father was a founder)
1912: Wilson (Princeton -- student and president)
1920: *Harding (no college)
1924: *Coolidge (Amherst -- Harvard lite)
1928: *Hoover (Stanford -- West Coast Ivy League)
1932: F. Roosevelt (Harvard)
1948: *Truman (no college)
1952: Eisenhower (West Point)
1960: Kennedy (Harvard)
1964: *Johnson (Southwest Texas State Teacher's College)
1968: *Nixon (Duke Law School)
1976: Carter (Annapolis)
1980: *Reagan (Eureka College)
1988: Bush I (Yale/Skull & Bones)
1992: Clinton (Yale Law School)
2000: Bush II (Yale/Skull & Bones)
2008: Obama (Harvard Law School)
Note: T. Roosevelt, Coolidge, Truman, and Johnson were
Vice Presidents who became President. Reagan was the outsider. He sneaked up on
them. But his staff was controlled by James Baker III, who was allied with the
family of Bush I.
What we see here is an oligarchy: an oligarchy based on
academic screening.
The symbolic year was 2004, when two Skull & Bones
members were nominated -- an organization that initiates 15 men a year. A
Bonesman had to be elected in a nation of 100 million adult males. Random? I
don't think so…………
There are only two economic movements opposed to the oligarchy of central
banking: Greenbackers and Austrian school economists.
Greenbackers want to see the Federal Reserve replaced. So do Austrian
economists. But what, if anything, should replace it?
Greenbackers call for 100% fiat money under Congress. They trust
Congress. Austrian economists call for a market-based
money system with no state or federal licensing. They trust the
consumers.
Greenbackers believe in democratic political power: one man, one vote.
Austrians believe in democratic economic power: one dollar, one vote.
Oligarchs trust Congress. That is because they bought it. They do not
trust the unregulated free market. Consumers would control it.
Greenbackers dream of a Congress 100% dependent on the voters, not on the
oligarchs. Austrians dream of a Congress presiding over a bankrupt federal
government and the repeal of the Federal Reserve Act of 1913.
Whose dream do you think is more likely?
