“Give me control of a nation’s money, and I care not who makes its laws.”
So said Mayer Amschel Bauer Rothschild. But what did he mean? It’s pretty clear. If you control the issuance of money – as debt – then you control everything that happens.
This is a very pertinent issue right now, because the global financial system – a system built entirely on debt – is collapsing around us. You know this is happening because the only “solutions” being offered to ameliorate this debt crisis is more debt. It’s just a big ponzi scheme, and sooner or later is must come crashing down.
And it’s easy enough for anyone to understand the stupidity of it all. Just ask yourself, if you were up to your eyeballs in debt, what would you think of someone who said he had the solution to your problem by offering you a new bigger debt to take care of the old debt? All that would do would buy you some time, until you could not pay off the new debt either.
Of course, many commentators have noticed this, and some even call for the “state” to take over the issuance of money – and to take that prerogative away from the “bankers”. But would that solve the problem? Of course not! Would you trust politicians to issue money in a sane and sound way, and not use their power to simply print the stuff to buy more votes?
The solution the world’s debt crisis is to take the power away from banks to create debt, and to ensure that money – as an economic tool – is provided by the market, debt free.
You see, money can come into the world in two ways – either as debt, or as a asset. If you lend money into existence, then the very fact that interest is charged on that debt ensures the debt will always grow.
On the other hand, it’s entirely possible to have a money system that is completely out of government control and not based on debt at all. How so? Well, take Bitcoin for example – an experimental currency that comes into existence without any debt being incurred, and is issued without any central authority.
Bitcoin is a computer generated currency that is totally outside the system. It has no central bank, no issuing authority, no offices, no headquarters, no “federal reserve” – and even better, is not debt. It is a technological answer and solution to the crisis of debt we are all drowning in. Of course, Bitcoin is just the first such financial service, and there could be many more – and even better ones to arrive on the market in the future.
The point is, money should be a market-driven means of exchange. Whether it’s gold, silver or bitcoins – what’s important is that the money being used cannot be manipulated by governments or the central banks that governments give monopoly power to.
To rid ourselves of the sociopathic political class – that group of people who produce nothing but pain and misery in the world – we have to rid ourselves of their primary tool of control – money issued as debt.
We need debt-free, non-government money – money that arises out of the free market place and which has to compete like any other product or service.
However, the ‘powers that be’ will not give up the debt-issuance ponzi scheme easily. So the one bright light on the horizon is that their corrupt system will self-implode and that all the world will witness the spectacle and swear never to let bankers take control of the means of exchange ever again!