As
elaborated in Money (4): There are more Debt than Money in our Economy, the one single defining characteristics of our current debt
based monetary system is the chase for profits. The private banks that control
money creation will only extend credit to a borrower when it is certain the
borrower is able to eventually repay the loan plus interest.
This is the
most fundamental reason why a subprime crisis in U.S. can trigger a near
meltdown of the whole world. All of a sudden the banks stopped lending –
because they don’t know who will survive the crisis. It created a
self-fulfilling prophecy, which almost sent the whole world back to the great
depression of 1929.
The farms
are still bearing fruits, the factories are still fully operational, and the
workers are able- bodied and willing to work. But the whole system came to
standstill because a few private banks stopped lending. Such is the fallacy and
insanity of our monetary system.
The massive
money printing by the various Central Banks somehow prevented the world from
sinking into the deadly deflational spiral, but at the expense of pilling
massive debt to the respective governments. This is a classic proverbial
kicking the can down the road scenario. Many analysts are already warning that
a much bigger crisis is looming in the horizon. The sovereign debt crisis as we
witnessed in Europe is only a foreshadow of what is to come.
Money may
not be the root of all evils – but the current monetary/banking system practiced
all over the word is definitely evil to the utmost degree. It is the mechanism
that continuously and relentlessly funnels wealth and power towards the top. It
is pointless to talk about changing the government without reforming the very
mechanism that permeates all aspects of our life, corrupting everything along
its way.
You may
think that this subject is too vast and too encompassing, and that there seemingly
nothing you can do about it as an individual. But think again. There has been
enough ground swell that over threw many well established regimes in recent
years. But so what if we managed to vote the old corrupt government out? The hyper
rich tycoons – the real power brokers that work hand and glove with the corrupt law
makers will remain untouched. They will continue to pull the strings behind the scene, corrupting everything they touched. The new government will have its
hands tied in addressing the issue of wealth polarization that is tearing the
world apart.
The least
you can do is to educate yourself with this all issue important and spread the awareness.
The reform movement is happening. If you Google “monetary reform”, you will see
all sorts of groups popping up all over the world. Something big is brewing. A
monetary reform to make money serving the interest of the people rather than a
few elites will be incomparably more significant than throwing out a few corrupt
officers.
"The world economies are held hostage by the financial terrorists. They are withholding credit-money -- the only kind of money most people think there is -- starving economies everywhere of the grease that enables commerce and provides working opportunities. But, the question must now be asked, forcefully and urgently: Should banks be allowed exclusive rights to produce the world's money supply?" Huffingtonpost - The Instant Solution to the New Depression: Debt Free Money
Below are some additional resources. Search "monetary reform", you will see many, many more.
