“We are the Borg. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile.” – Star Trek – First Contact (1996)
In my latest blog article, Is Credit Creation a Public Good or a Private Evil?, I endeavoured to show that credit creation is a public good which has been entrusted to our banking system. This is further confirmed by Professor Steve Keen in his article What Is Money And How Is It Created?. He wrote:
“Banks create money by issuing a loan to a borrower; they record the loan as an asset, and the money they deposit in the borrower’s account as a liability. This, in one way, is no different to the way the Federal Reserve creates money… In reality it is simply the nature of a monetary economy: money is simply a third party’s promise to pay which we accept as full payment in exchange for goods. The two main third parties whose promises we accept are the government and the banks.
That’s simply the nature of money: it is not backed by anything physical, and instead relies on trust. Of course that trust can be abused—and frankly that’s done more often by the banks than by the government.”
In my recent article, Grand Corruption! From Whence Came and Whither Bound? It is NOW Time to Change our Focus!, corruption was defined by Transparency International as “the abuse of entrusted power for private gain”, and “political corruption is a manipulation of policies, institutions and rules of procedure in the allocation of resources and financing by political decision makers who abuse their position to sustain their power, status and wealth.” Although I went deep in looking for the systemic causes as it pertains to our misguided view of the world and our relative lack of empathy for each other as the source of this corruption, this recent revelation of the true nature of money turns the conclusions of my blog post on corruption on its head. If credit creation is truly a public good, which was designed to facilitate efficient exchanges in the market place of goods and services so that unused resources flow to unmet needs, then the abuse of this entrusted power by banks for private gains, is the mother of all political corruption!!!
The pivotal question of our time now is what can we do to remedy this “flaw” in our economic and political worldview? This task is very much critical in going forward!! If we do not do our best to “uncorrupt” the system, so that banks can regain our trust again in the service of the public good, then more harm will be done to the public as is currently unfolding in Greece now. (Please see: The REAL story behind the Greek Crisis: how we are kept in Odious Debt, Deficit, Crisis and Austerity and The Moral Hazard of Modern Banking: How Banks Create and Destroy Money.)
Before we can answer the question of whether resistance to this pervasive form of corruption is futile, we must first discover the extent of the problem and how deep the rabbit hole is and where we need to go. Please take time out to read and reflect on the following articles: The problem of Greece is not only a tragedy. It is a lie, Grexit or Jubilee? How Greek Debt Can Be Annulled and What should be done about Greece – and what is likely to happen.
Stuart Davies’ comment on the last article raises many eyebrows and intimates a global agenda:
“That is an extraordinary bit of information there, Mr Werner. Particularly, the revelation about the detailed plans for future meetings with preordained outcomes, years in advance. Your revelations of the orders from above at the big banks to keep it under wraps is very interesting also. The fact that the present situation was so widely forseen, and that it has all been scripted in minute detail years in advance is no surprise to me – the astonishing thing is that we now are allowed to see this sort of smoking gun evidence. I don’t suppose that this information will ever be permitted to make any splash in the corporate media, however, since the media has long been infiltrated, subverted, and simply OWNED by the same transnational banking interests that have taken over our governments.
I have been contending for the past several years that the major events in the world economy that we have seen over recent decades has been the result of methodical, long range and highly detailed planning on the part of the transnational banking cartel that has consolidated its strangle hold on western governments. We can see this in everything from the Financial Services Agreement slipped in under the auspices of the World Trade Organization’s General Agreement on Trade in Services (GATS), which dovetailed with the repeal of the Glass – Steagall act and the Commodities Futures Modernization act to create the necessary conditions for what was obviously a closely coodinated and highly detailed plan to create a global financial crisis. (Larry Summers and the Secret “End-Game” Memo.)
Why would the bakster cartel wish to do such a thing? How could it be of benefit to them? This is actually fairly obvious if we simply look at some of the other components of their grand plan that have been revealed to us recently in the leaked provisions of the TPP, the TTIP, and the TiSA “free trade” treaties they are preparing to shove down our throats. What do they want? They clearly want to impose “austerity” on the entire world. They want to privatize all government assets and essential services, schools, prisons, water systems, police, fire protection, EVERYTHING. They are no longer satisfied with waging economic war on the third world, they are now bent upon stripping the wealth from the middle classes of every single nation within the scope of their nearly global reach, and reducing the population to abject poverty and desperation.
Greece will be just the first in line for this treatment in the EU, but it is clear that they do not intend to spare the people of any nation. Their program has been being methodically implemented for the past few decades around the globe, and is about to undergo a radical acceleration.
I think you make a very common misreading of the underlying global power structure in your last paragraph. In spite of the all pervasive “perception management” smokescreen that seems to fool most of the world, there is a truly massive body of evidence which I believe makes it quite obvious that every political leader in the western world – including the president of the United States – is a leashed vassal of a transnational corporate banking cartel which has explitily repudiated allegiance to any nation. I assure you, Obama is not calling the shots, neither in Washington nor in Germany. The United States is not a soveriegn state any more than Germany is, a fact which will become evident to all in the aftermath of the (unconstitutional) passage of the TPP, the TTIP, and the TiSA treaties.”
The question I have to ask now is this: Given the pervasive scope of the corruption in our political and economic system, is resistance to this corruption futile? If so, then we are all doomed! I have no answers as yet. I am hoping that by making an accurate diagnosis of where the true problem lies, we can put our collective minds and hearts together in finding true solutions to the problem. I have some ideas where we need to go, and I am currently researching and fleshing them out and would pen my thoughts in future posts.
Four documents which have greatly given me hope that answers can be found so that our economic and political system can be made whole again are the following:
Stable and Sustainable Development: Mission Possible
Money and Sustainability: The Missing Link
REGENERATIVE CAPITALISM: How Universal Principles And Patterns Will Shape Our New Economy
Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity
Please stay tuned…
