Man has natural possession of his own skills and abilities.
Since we established that individuals cannot morally be treated as chattel, it is reasonable to expect that upon exchanging one’s skills and abilities for money:
1 – The exchange represents equal value
2 – An individual should have the right to retain full possession of the money he receives in exchange for his efforts
But in the modern state predicated upon presumed democratic principles that extend to individuals such luxuries as the definition of the individual (self determination) and the right to private property, money is the exclusive preserve of an authority that manages it as it sees fit.
Throughout the past half century in particular and regardless of the political persuasion of successive governments, modern Western states adopted a policy of constantly increasing deficits and increasing sovereign debt. This policy is directly responsible for the gradual erosion of the purchasing power of the currency thus resulting in an increase in the cost of living.
But… The fact that the monetary authority arbitrarily, deliberately and constantly erodes the purchasing power of money, effectively means that when we exchange our skills and abilities for money, the exchange does not satisfy the two basic expectations of the exchange.
Arithmetically speaking, since the skills and abilities of the individual are limited but monetary creation is infinite, effectively this means that inevitably, although gradually, individuals will be divested of all wealth.
But monetary debasement is only one aspect of our socio/economic construct.
By debasing the currency, the monetary authority guarantees that property will gradually flow towards itself. This is an arithmetical identity.
But modern money is an artificial construct. Each new unit of money must be borrowed into existence.
The borrowing is done first by the state.
The state must therefore pay interest on the sums it borrows.
As the state has adopted a policy of increasing deficits, borrowing must in turn increase accordingly to cover the short fall in funds.
As the borrowing increases, so does the debt service.
In order to cover the normal functions of the state AND to cover its debt service, the state must levy ever greater amounts of taxes from individuals.
By exchanging one’s skills and abilities for money therefore, the individual is subject to:
1 – An exchange that is not equal in value
2 – Exchanging something the individual owns outright for something he does not own and has no control over
3 – Further taxation over and above the debasement over which he has no control
The above is not opinion. The above is an arithmetical reality.
Below are some of the questions that should be asked if you don’t understand what I am trying to say above.
a) Why is there a monetary authority separate from government?
b) If the monetary authority can create money arbitrarily, why can’t government do it?
c) If money can be created arbitrarily, why does government impose taxation?
c) In countries predicated upon democratic principles, why must we use one type of money that is imposed by government?
d) In countries predicated upon democratic principles, why was there no vote nor debate as to what money to adopt?
In closing, this is what you should take away from the above.
These are arithmetical realities. Most importantly, these are arithmetical realities that compound over time. A compounding dynamic is something that starts out slow but then accelerates till it goes parabolic.
This arithmetical reality has preordained ramifications that manifest at the political level, the fiscal and the socio/economic levels in society. Look around! Regardless of the political persuasion of successive governments throughout the West, the result for all individuals in Germany, France, the UK, Greece or Portugal is always the constant loss of purchasing power and the concomitant increase in the cost of living. No exceptions.
When this dynamic goes parabolic, the world you have known prior to this situation going critical, is not a world you will recognise and war and/or any of the 7 plagues are not far off.
We are now in the parabolic phase.