By way of premise, we must realize that not everyone wishes to change the political landscape. Because one man’s loss is another man’s gain, there are entities that are profiting handsomely from the status quo. This situation will persist for as long as those sustaining the losses can do so without hard feelings. or till they realize the game is rigged and how badly it is rigged.
Change is a constant of life or at least so we would like to think. In the West today we boast a political quilt of parties that ostensibly have different goals and/or different solutions to reach a presumably ideal state of general prosperity and well being and the masses are allowed to express their opinion as to whom they think will be better suited to bring about the change they desire.
The reality is of course that whatever the political party that may take your fancy, it must necessarily and inevitably make use of exactly the same basic tool that everyone else must make use of: money.
Fascists, communists, marxists, socialists, republicans, democrats, libertarians or what have you must all inherently, necessarily and inevitably make use of money.
There is no alternative.
Since money is the most basic indispensable tool to crystallize ideas and theories into actions and facts, it is useful to understand how money comes into being, how it is managed, whether there are alternative ways to create and manage money and, if there are, what the ramifications of using one management method over another may be.
In The Evil of Inflation I highlight the relationship that exists between inflation and aberrant policies that lead to the devastation of the environment and or the depletion of resources sooner than otherwise would be the case. So, clearly, the nature of money shoulders significant responsibility in dictating how we lead our lives.
This particular iteration of the monetary system in use in the West today is a Debt Based Fiat Monetary System. This simply means that government gives the privilege to create the currency to a third party for which the third party will be paid a fee known as interest.
The defining characteristic of Debt Based Fiat Money (DBFM) is that it has no perceived intrinsic cost of production. It is just paper. Or linen to be exact (I’m skipping here the concept of credit and Fractional Reserve Accounting for ease of comprehension). But the cost of producing a 1 or a 100 Dollar unit of currency is grossly insignificant compared to the fee paid to the creator of the currency.
And here is the first problem. The creator of the currency has no significant cost of production and yet gets paid for what it produces. Clearly therefore, the creator of the currency has a vested interest in producing huge amounts of currency in order to earn ever more fees.
And here is the second problem. Not only is government (i.e. you and me) obligated to pay the creator of the currency a fee to make use of said currency but by law it may not make use of any other type of currency.
So our governments have bestowed the privilege to create currency at zero cost to a third party and then they make it a criminal offence to not make use of said currency all the while charging you and me interest that is paid to said third party for something that has no cost of production.
Nice work if you can get it. But the logical ramification of this construct is that as the party creating the currency at zero cost injects ever greater amounts of currency into the system, society must find ever greater productive sources in order to pay back the creator of the currency. The creator of the currency enjoys the dual privilege of zero cost of production and a guaranteed market at usurious rates. Society is thus forever beholden to the creator of the currency as not only is it a criminal offence not to make use of the currency but in making use of it society must also pay the currency back plus more of it in the form of interest. This is the law.
THIS IS THE LAW.
The law of Western countries says that society must make use of the currency created by the central bank and it must pay it back plus more.
If it were not yet clear, the above construct means that there will never be enough physical currency in circulation to pay back the central bank. Because regardless of returning the entire stock of money in existence in the realm, the interest on said stock of money would still need to be paid. But having returned the entire stock of money to the creator of the currency, where would you get money to pay the interest?
Hence the vicious circle brought about by DBFM. Hence the permanent enslavement of the masses to the monetary authority.
And here is the third problem and this one is a doozie.
As society requires ever greater amounts of currency to be created because it must pay interest on the money it requires but, there not ever being sufficient quantities of money to do so, inflation is guaranteed i.e. the permanent and aggressive expansion of the monetary stock is assured.
The final problem with this construct is this. From an arithmetical point of view, inflation cannot be and is not infinite. There is only so much purchasing power that can be eroded before you hit the singularity. But as you approach the singularity, you can be assured the monetary authority will do anything and everything to keep the system going as long as possible. Can you spell TARP? Can you spell Preferential Accounting Treatment? Can you spell rewarding deliberate and criminal colossal failure with a slap on the wrist? Can you not see that the same people that have perpetrated what would ordinarily be considered serious criminal actions are still in power and are given even more power? Is it not yet clear that if you are close to government or, indeed, are a primary dealer the rule of law does not apply to you?
How much more proof is needed in order for the ordianary citizen to see what is happening? What will it take?