Reading the main stream press is an exasperating exercise at the best of times and if that were even remotely possible, reading the press from Italy and Greece these days is beyond exasperating.
In Greece in particular, people are once again being pushed towards the country side where they are establishing agricultural communities for their survival and where in the absence of cash, economic actors are bartering with each other.
Ironically, the current aberrant juncture is pushing people towards the natural economic and social model that should serve as the basis for modern economics… but… even these enterprising souls that have decided to take charge of their own destiny fail to realize the absurdity of what academia and governments over the past century have peddled as being a desirable construct. In reading the interviews of these neo pioneers, most affirm that since government is not giving them jobs, they have decided to sort themselves out…. you can lead a horse to water, but you cannot make it drink.
Over the past century, the monetary and political elites with the assistance of favored corporations that have gradually taken over academia and our media, have subverted the concepts of capital and capital formation in a successful bid to justify and impose a monetary system that hinges on Fractional Reserve Banking thus on debt. In other words, the Federal Reserve and subsequent governing elites have instilled in people the idea that, yes, money and credit can be created liberally prior to there existing anything to exchange. Moreover, the liberal creation of money and debt allows government to expand thus providing for you and your family now and during retirement. Thus liberal money and credit creation is equivalent to a good time for all.
The new reality of communities springing up in the country side and bartering with each other, clearly shows that money cannot exist prior to there being something to exchange. The new reality clearly shows that money is only a medium of exchange. Thus money cannot be “capital” and the excessive creation of money and credit cannot lead to capital formation. It is only the ingenuity and the skill of man and his propensity to forego consumption (saving) that can lead to capital formation. Money is only a medium of exchange. Thus, the only thing that can reasonably be expected of money, other than being a medium of exchange, is that it should at the very least hold its original exchange value.
But a century of indoctrination is hard to wash away. Even though members of these self sufficient communities realize they can rebuild a life in the absence of money, they don’t realize what the nature of money is and how this particular variety of money that has been imposed upon society has tied them to government instead of setting them free. Quite the contrary. These neo pioneers building a new life for themselves, still believe that government should be the provider of jobs for all.
But of course, even though that may be an arithmetical absurdity and even though their new life should make them understand the absurdity of their claims, neo pioneers cannot see the reality that is standing up and slapping them in the face.
The deliberate, aggressive, excessive and incessant creation of money and credit can only lead to large, obtrusive and aggressive government, the destitution of society and the concentration of capital in the hands of a very few members of the monetary elite.
Money cannot exist prior to there being something to exchange thus expanding government must inherently and necessarily result in your destitution and your enslavement…. the timeline may be rather long I grant you but, here you go… we are there.
A major conflict that will involve Western society is around the corner… latest by 2015