What’s missing in most of the “Change the Money” Rhetoric

People have been misled for centuries, even millennium, about the most fundamental role of “Money” in local and national, finally global, economies.  The richest fraction of a percentage point of the Various “National” reserve banks that claim the right to “create”, or “make” money have set up national and international systems along the same lines as a “Ponzi Scheme.   Let’s get the record straight now and forever after.  “Money” is created by those that have the power and wealth to do so.  Because it has always been created by the schemers and profiteers in every society, they have obscured money’s real definition, and its proper role in a well ordered and advanced society.  Because they have done this predatory, parasitic activity so long, and have kept the people ignorant of the true causes of their malaise, the world is on the brink of economic, or monetary collapse.  The money they and their sibling banks create is a valueless fraud.  Even the plunderers themselves finally see that taking the restraints off their dogs of war and death is having “unintended consequences”.  They are killing the goose that lays the proverbial golden eggs – literally.

If the world is going to heal itself, then it must change the very fundamentals of money, economics, and representative government.  People must hear these basic tenets on money, become educated about them, and elect represent leaders who will serve the public weal.

Nearly everything now being taught about money is wrong.  Those issuing it are wrong.  The interest on it is wrong.  The definition of it is wrong in most of its aspects; the only accuracy being it should be a universal domestic medium of exchange.  Money is not gold or silver.  Those are commodities, and all commodities (basic staples of wealth) can be used as money, but it is not and should not be used as a medium of domestic exchange.  Though it can be used as a settlement of international debt as a last resort, when other goods and services will not suffice.

FIRST PRINCIPLES OF HONEST MONEY:

1. The local circulating currency should be issued by that government that has the authority to tax and make laws.  It’s value should be the time, labor, good faith and credit of the public is such commonwealth.  Money has usually been issued by “sovereign” authority and in a democracy sovereignty flows from the individual citizen to those delegated to public office or service.

2.  Circulating Money should not be subject to hoarding.  An interest or penalty should be imposed on those taking money out of circulation.  Bonds should be made available for thrift saving or other valuables or desirable treasures.

3.  A treasury commission should be accountable to the people, elected by the people, and money issued tightly regulated according to the demands of the local economy being served.  This regulation might be delegated to higher governments who may assume the function of issuing circulation currency.  I propose that violations of trust in this arena be subject to a swift and sure death penalty.

Several forms of money might be needed.  Local money for local goods and services.  County tax credits could be issued, along with state tax credits (money).

Credit or debit cards could and should serve in all these capacities and levels, as well as national money.  Electronic debits and credits (money) are already the biggest part of our money and financial transactions (by far).  They will continue to be as long as they are based upon a real fund of existing monies.  Transactions between states or local entities could most easily be served by the higher national money, or credit.

There should never again be the need to wrestle with a national debt or budget that is impossible to pay off or would endanger our nation or world to economic slavery, such as that faced by us now.  All banks get their charters from the governments (the people) they serve.  They have a right to carry on legitimate banking enterprises.

This draft will be expanded further, but is essentially accurate in every detail.

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One Response

  1. Here is how the banker’s game works:

    1) Get the government to issue some currency (cash — paper or reserves at the central bank — reserves are government issued cash central bank deposits). Government issued cash is around 5% of the currency (money) supply. The government issued currency is put into circulation by the government simply spending it.

    2) The rest (95%) of the currency is issued by the private banks. Each customer loan is a new bank deposit (i.e., new currency) and increases the currency (money) supply of the economy. Note that this newly created money (currency) is put into circulation by the borrower spending it. Most currency (about 95% America’s currency supply) has been borrowed into existence and when bank customer pays the loan back that amount of currency is removed from circulation. The banking system cannot go backwards (fewer net loans) as time moves on because fewer net loans means fewer currency in circulation in the economy.

    Accmulation of interest charges on outstanding loans means that the currency supply must constantly increase even if it means giving out lower quality loans. Think of it like a plane flying it must fly at some minimum speed or else the plane (the banking system) will crash (i.e., banking system collapse).

    3) The bankers make dam sure that the common public does not understand how the monetary system works meaning that the private banks issue 95% of the currency. This is whole another topic how they do this.

    4) The system works until real economic capacity of the economy grows and debts can be serviced and interest charges paid. Most of the time the economy oscillates between boom (growth) and bust (recession) because bust is needed to clear debts and start a new lending cycle.

    5) Eventually, one of these cycles goes so deep that currency supply (and demand) falls so low that too many debts become un-serviceable. The recession becomes a depression now.

    6) The bankers then have to decide how to “reset” the system. One way to reset the system is to let the depression takes its course. But of course this path is very chaotic because people lose jobs and may become violent. Once most debts are cleared lending can start again and the currency supply is replenished. Wars are a good way to get initial money (currency) into an economy after a depression to get demand going again. This is the great depression scenario.

    7) Another way to “reset” the system is to get the government to print too much money and spend and destroy the currency and blame it on the government. This justifies issuance of a totally new currency (note that hyperinflation clears debts) and the lending cycle can start again. This is the Weimar scenario.

    8) The banking system (as is) is setup to maximize the power and influence of the global bankers and NOT for the maximum general well being of people. By the way this is a global game. This is the only system around no matter what country you are in. The global banking cartel makes sure that no competing systems are allowed to exist (so they might be copied and global bankers will lose power).

    For more details on this stuff please read the following articles in order listed below:

    http://seekingalpha.com/article/209386-modern-monetary-system-there-is-another-way

    http://aquinums-razor.blogspot.com/2010/07/why-is-deflation-and-depression.html

    http://seekingalpha.com/article/210346-should-newly-created-money-be-a-private-or-a-public-asset

    http://seekingalpha.com/article/192375-cause-of-today-s-economic-crises-too-much-thrift

    http://seekingalpha.com/article/160269-a-radical-solution-for-america-s-insolvent-financial-system

    http://seekingalpha.com/article/146658-great-banking-confusion-is-there-a-better-way

    Mansoor

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