Is That Coffee I Smell?

It seems the American people are waking up to a bitter fact.
It's not there.

As in, the money.

As in, the banks are all going bust.
Whoops!

Now that's a problem. When banks aren't making a profit. When the balance sheet of a bank does NOT consist of a nice big column in the black.

Because if the banks don't have a huge reserve in the black WHO DOES?

As a general rule, no matter what situation emerges, war, recession, hurricane, alien invasion, one thing you can say for sure.
At the end of it all, the banks will be better off.

It stands to reason. The total share of all the money that is theoretically in existence that the banks can claim legal title to, must, simple mathematics tells you, rise. Year in, year out.

So if banks are going bust then what REALLY is the problem?

The problem is this.
Do you know how interest is really paid? Ever thought about it?
By increasing the total amount of money in the economy.

So,in 1800, let's say there are a million gold coins on the island of Britain. The banks charge 10% per annum rate of interest.

Now we can't all borrow from the bank and be able to pay it back. Not in this system. The value of the coins is fixed. Ultimately, if all the money ever lent is to be repaid, more must be got from somewhere else.

And it was.

The economy continually expanded. There was continual economic growth. What most of these supposedly really intelligent economists miss the point of, is they try mystify the term 'economic growth'. They kind of confuse themselves to forget the actual point that there must LITERALLY be more cash tokens in the system, year in, year out. Otherwise an economy based on interest and lending, will run out of steam.

Now this actually happened. It happened in 1929. What happened was banks started to go bust- they COULDN'T recall everything they were owed because not enough people could pay up.
The world really had reached it's limits. All the tokens in the world were in the same economy. No more anywhere to bring in.

But banks need paying in tokens.

Thing is, these were pretty dangerous times. And there were a lot of false messiahs wondering round. Rather than concede that Marx was right, and potentially hand the world over to his Pseudo-disciple who was busy slaughtering millions of Kulaks, or create tribal ethnic states based on quasi-medieval ideas predating Capitalism, as the Germans decided to do, a cunning plan was hatched.



Don't have a fixed value for the tokens. OK, the world can't provide any more. Just print the tokens out of paper AND KEEP ADDING TO THE TOTAL FUND ENOUGH TOKENS TO ENSURE THAT INTEREST CAN BE PAID.

Good solution, hey?

Thing is, this had been tried before in many places. And everyone knew that it was potentially a dangerous solution. You can't add indiscriminately. You really have to keep the amount of tokens you add in every year down. The money can't be devaluing so fast that people notice themselves getting poorer too quickly.

But they are going to be, in relative terms.

Because in spite our seeming affluence, we're not actually paid as well as we think. We are only able to enjoy such high standards of living due to a luxury our grandparents didn't have.

What they owned, they owned. They paid for it.

We don't. If we really had to pay in cash for everything we had or used, do you think the quality of life for the average citizen would be what it is?

And it's had to be like this. They really have HAD to keep REAL outgoings down. Wages, basically. The average earning. To keep down the amount of REAL tokens in the system.
And they've kept spending, that all important activity, sustained on fantasy tokens.

While they sit there and think 'What the f**k are we going to when we just can't sustain this any more? Because one day, the fantasy money, the money that DOESN'T exist, the tokens we count as spent by someone somewhere, but not repaid, actually outnumbers the tokens that actually exist and are accounted for in World Finance?'

And whilst the cold war was going on, there were more pressing problems. There always are.
And anyway, do they care? Do you really think they care? No! They just hope, as they long have, it will happen in their children's lifetime instead. And if it comes now?

Their world. They will be sitting in their mansions, protected by their security guards, as the police gun you down for trying to get food from the supermarket which has been boarded up, food still in it, because there's no money at all to keep the wheels of the finance system going.

And now they're trying- and will do everywhere- to load this burden on to the taxpayer.
Ah.

Let's look at this for what it is.

They're asking you to do even more work for less.

And this is where you need to wise up and ask the important questions;

1. Have we run out of fuel?
2. Is food scarcer?
3. Have human transport systems broken down?
4. Are there less people to do the jobs?
5. Has any material point about the world changed?

No.

So why DO we need to repay any money at all?

WHO are we ACTUALLY repaying?

What has ACTUALLY changed?

Nothing. Not really. Just our finance system doesn't work any more. Everything else still does.

So, the banks are bust. The world has run out of money.

Do we need it any more?

No.
The sole real purpose of money, is it's a token. To exchange for goods or services. Basically, it's sole real purpose is to track entitlements. You've got a five pound note in your hand, you're entitled to five pounds worth of something.

It's obsolete. The concept is obsolete.

We are capable now, with modern technology of working out what we've got, who put in what and how much people are entitled to as a result of their efforts.

Without having an administering system charging us 10% per annum for the privilege of milking us.
Because really, that's all banks are.
We don't actually need them, because we don't need such a primitive token system any more.

The only thing you can do is scrap the banks and scrap the money.

All you ACTUALLY need is a system for relating the relative value of things and their relation to human energy put in. And for this to be traceable and held in a global database of some form. Hey, it already is. Just with an anachronistic accounting system and a great black hole to throw the interest in.



And why not have it a nice little simple system? Contribution points. Get rid of credit completely. So much work is worth so many contribution points. And these points entitle the possessor to material goods.

And if you took people's tax, bills and basic living costs at source- since you might as well, after all that's kind of kind of the logic behind direct debits- and paid people daily the surplus they accrued, there wouldn't actually be any need for credit either.

A simple system of contribution points.

Money really is an anachronism.

Because really, think about out, if we're sitting here thinking that because of money we're ALL of us going to have to work harder for less, then let's face it...

It's MONEY that is the problem. In itself.

The best solution is to scrap the whole banking system.

Wake up, smell the coffee!!!