Tuesday, July 15, 2008

The Web Of Debt Blog

The Web Of Debt Blog

Monetary Proposal
We no longer have a government “of the people, by the people, for the people.” We have a government run by and for Big Business, and Big Business has gotten control because its affiliated banks have monopolized the business of issuing the national money supply, a function the Constitution delegated solely to Congress. What hides behind the banner of “free enterprise” today is a system in which giant corporate monopolies have used their affiliated banking trusts to generate unlimited funds to buy up competitors, the media, and the government itself, forcing truly independent private enterprise out. Big private banks are allowed to create money out of nothing, lend it at interest, foreclose on the collateral, and determine who gets credit and who doesn’t. They can advance massive loans to their affiliated corporations and hedge funds, which use the money to raid competitors and manipulate markets. If some players have the power to create money and others don’t, the playing field is not “level” but allows some favored players to dominate and coerce others. These giant cartels can be brought to heel only by cutting off their source of power – the power to create money — and returning it to its rightful sovereign owners, the people themselves.

Yeah, I've heard and read talk like that since the 1970s.

It didn't make any sense until I did this post: Forty Seven Minutes That Will Expand Your Mind.

I'm still not entirely convinced about every point. But that could be due to my not yet having gotten into granular detail.

What I instinctively sense is that human beings have value in and of themselves and any system of economics that ignores this point won't be much better than the legalized enslavement we currently suffer under.

There is no tweaking what we have right now.

It has to utterly collapse and be thoroughly discredited. The first is on its way to happening. The second is the real tough job. Perhaps the Internet will make that work not just probable, but possible.

The last thing someone with an empty stomach and panic in his eyes wants is a lecture about Causes.

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