The Inevitable End of the Central Banking
and Political Money Regime
The present disorder in the financial markets and the cascading failures
of financial institutions come as no surprise. Those who recognize the
impossibility of perpetual exponential growth and who understand how
compound interest is built into the global system of money and banking
expect the continuation of periodic "bubbles" and "busts," each of
increasing amplitude until the systems shakes itself apart.
Engineers call this phenomenon, "positive feedback." Such a system cannot
find equilibrium. Imagine a heating system in which the thermostat,
sensing a rise in temperature, calls for more heat instead of less. Such
is the nature of the debt-money system. The imposition of interest on the
debt by which money is created, demands that more debt be created. Such is
the debt imperative which gives rise to a growth imperative. Among other
things, it prevents the emergence of a steady state economy.
Is this the final round? Who can say? Can the system be saved yet one more
time? Maybe.
Under the central banking regime which has become all but universal in
countries around the world, money has been politicized. The collusion
between politicians and international bankers enables governments to
extract wealth from the economy by deficit spending and banks to extract
wealth by charging interest on money as they create it by making loans.
These two parasitic elements take wealth away from productive members of
society and lavish it on military adventures, international intrigues,
wasteful boondoggles, and financial finaglers.
When the system spins out of control what will come out of the chaos? It
is impossible to predict but here are two strong possibilities. When the
dollar collapses the financial and political elite class will certainly
try to orchestrate a new global monetary regime based on the same old
mechanisms for centralizing power and concentrating wealth in their own
hands, seeking to complete the New (feudal) World Order which has been
a-building for the past three hundred years. Another possibility is the
emergence of the kind of decentralized, democratic, and sustainable system
we have been advocating for a long time.
We had better get ready to seize the opportunity that accompanies this
impending crisis.
How? By organizing ourselves in our local communities and affinity groups
to reclaim the credit commons, to create interest-free, non-dollar,
non-bank exchange mechanisms and payment media. This is not as hard as it
seems We already know how to do it. All it takes is organization and will.
Back to the current crisis, we should consider the possible actions of
America's creditors. According to Paul Joseph Watson & Yihan Dai, in and
article in
Prison Planet dated Friday, September 19, 2008, "China Finance, China
News and Chaobao Financial News, all state-owned media outlets, slammed
the Fed for taking action that will only make long term economic
conditions worse and devalue the dollar by "creating money that does not
exist which leads to the inflation of liquidity," a policy contrary to
China's position as a holder of vast reserves of US dollars."
Central banks have one true function, that is to manage the effects of the
parasitic drain, to decide who will pay the price, who will feel the
pain. They can either (1) restrict credit, thus causing recessions,
bankruptcies and unemployment; or (2) they can expand credit and inflate
the money supply by monetizing debts (either public or private) that are
uncollectible.
Given China's position as one of the United States' biggest creditors, it
is in a powerful position to determine the outcome of the current and
future financial crises. If they don't like the restructuring plan that
the financial elite wants to put in place, they can kick over the table by
dumping their dollar holdings and causing the value of the dollar to crash
through the floor. Organized others acting in cooperation might do the
same.
"The king is dead, long live the king."
Thomas H. Greco, Jr.
60(0)17 329 4306 (Asia)
thg@mindspring.com
Website:
http://www.Reinventingmoney.com
Blogs: Beyond Money:
http://beyondmoney.wordpress.com
Tom's News and Views:
http://tomazgreco.wordpress.com
Photo gallery:
http://picasaweb.google.com/tomazhg
"Generosity is the
virtue that produces peace." - from a Buddhist Sutra
In accordance with Title 17
U.S.C. Section 107, this material is distributed without profit to those who
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research and educational purposes.
History of Banking Fraud:
The Coming Battle
By M. W. WALBERT
The Coming Battle
documents from Congressional records, newspaper reports and writings by
the founding fathers and others a chronology of events long forgotten that
shaped our fledgling nation from 1776 to 1899. Read about the manipulation
of our money and its supply, the intentional creation of recessions,
depressions and panics, manipulation of the stock markets, and the
demonetization of silver.
Secrets of the Federal Reserve
by Eustace Mullins
Eustace Mullins' carefully
researched and documented treatise picks up from Walbert's expose' and
brings it to the mid 1980's
The
World Order
by Eustace Mullins
How control of the world's money has inexorably led to an ever tighter
grip on control of the world's people.
Brave New World
by Aldous Huxley
Huxley presents a dystopic view of a future
in which mind-control creates a harmonized society stratified into classes
suitably manipulated and deprived to carry out work tasks with a hive
mentality. A foreign element is inserted when a high ranking Alpha brings a
Native American from a Reservation and a new perspective on freedom gnaws at
the fabric of the propaganda matrix.
Propaganda
by Edward Bernays
Walter
Lippmann's book, Public Opinion, published in 1922, detailed the
study in which he and Edward Bernays were involved while in London during
the First World War. It had to do with painting pictures inside people's
heads, which were cunningly and deliberately designed by expert craftsmen to
mislead not only individuals but entire societies.
Pawns in the Game
by William Guy Carr
This is the classic expose' of the New World Order from a Commander in
the Canadian Navy through the first half of the 20th Century.
Commander Carr was introduced to the Hidden Hand early in his life and
pursuing its mysteries became a lifelong mission.
Social Credit
by CH Douglas
In every country of the world the global financial system has
repeatedly been brought to the Bar of
Public Opinion as the chief factor in world unrest, and there is little
doubt that the jury of We the People has confirmed the Verdict somewhat rhetorically
expressed by Mr. William Jennings Bryan in his famous election speech: "The
money power preys upon the nation in times of peace, and conspires against
it in times of adversity. It is more despotic than monarchy, more insolent
than autocracy, more selfish than bureaucracy. It denounces, as public
enemies, all who question its methods, or throw light upon its crimes. It
can only be overthrown by the awakened conscience of the nation."
Social Credit by C.H. Douglas can clarify the issues from which we can
move forward to create a financial system that is fair and equitable.
