Here are some facts, they are not opinions.Economics is as simple and as easily understood as it is honest. Likewise, economics is as complex and difficult to understand as it is dishonest. In
existing culture, there is no place for ethics in economics. All is fair in love, war and business. Economics is
study and practice of
production and distribution of
goods and services required by
human race for its survival. In
existing global scene, we over produce and fail to distribute.
The situation is this:
With modern technology we can produce far in excess of our needs. There is a tendency to over produce alongside an inability to effectively distribute what we produce. We accumulate enormous surpluses. A war of attrition develops, as producers compete with each other, to sell what is not needed or wanted. A multi-billion dollar industry, called advertising, creates a demand for what is not wanted. Odd phenomena, like global warming, are by-products of commercial warfare. But at
same time a failure of distribution condemns billions of our fellow human beings to live in dreadful poverty and they die in their millions from starvation and preventable disease. Those in power rely on genocide as
only solution.
So let us look at what has gone amiss with distribution.
Distribution beyond a barter system requires a means of exchange. We have decided to use money as our means of exchange. But we have failed to define
word 'money', so that economics is flawed and unsafe.
These are all simple, self evident facts.
A successful economy grows. If it stagnates, it is dying. Therefore, to enable economics to function, when it uses money as its means of exchange,
money supply must be able to increase without impediment, as
economy makes its healthy growth. Therefore there must be an inexhaustible supply, of what is used as a means of exchange, that can be drawn upon as
advance of
economy proceeds. The rules which determine
speed at which new money must be added to
economy must be clearly understood, easily seen, and thus easily monitored by
people. So as to see that it is done honestly. We tried using gold as our means of exchange, but
supply of gold could not keep pace with demand. We resorted to
use of tokens of gold to augment
supply of gold.
This opened
door to
dishonest broker. He came to be called a banker.
The banker invented
concept of credit to represent
idea, that there was gold somewhere being represented by credit. Thus instead of gold as a means of exchange, we had an idea, which served as a means of exchange. As you cam see, and feel,
whole business of money becomes hugely complex. So complex that people give up on it, and say they do not understand money. They then submit to fraud and you have
existing scene.
Let us see clearly what
fraud is, so that we know what we are up against and why we need an economic renaissance.
By Law, private financial institutions are allowed to create and issue new money into circulation as credit. They can claim that assets can be used to substantiate
validity of credit. This allows them to seduce governments, businesses, and private individuals into accepting credit as a loan of money.
The instant a person accepts credit as a loan,
Law states that he is a debtor and owes money.
He has to earn
money to redeem
loan, and
financier has then created money by counterfeiting money using sleight of hand.
This is modern alchemy. Instead of turning lead into gold,
banker turns credit into money. And that is fraud. This is all very simple and if you feel confused, just go back and re-read it and spot
point I lost you. We do not wish to go back to using gold as money. Gold is too heavy. The way forward is forward, not going back to Gold.