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3a Money-Corporations-Politics
(MCP)
“The few
who understand the system will either be so interested from its profits or
so dependent on its favors, that there will be no opposition from that
class."
~Rothschild Brothers
of London, 1863
TS Note: This chapter is a
rather brief overview. Readers not
familiar with money/banking issues should read the more detailed MCP Appendix which
contains many quotes by politicians, economists and journalists.
The Abstract Reality
section of The Triad had a short
quote by Zen
philosopher Daisetz Teitaro
Suzuki, who spoke about the tyranny of the tools. It is especially true for the MCP (Money
Corporations Politics) structures that rule our lives today. The human-created money tool is now the
primary driver of humanity’s Ecological Footprint, now in significant deficit spending of Earth’s
Gaian renewable resources. As any
economist knows, continued deficit spending always leads to
bankruptcy. Surely it is our human
responsibility to re-design the money tool and use it as a dynamic
regulator of human-activity. It’s a
matter of survival.
Any society where individuals produce goods or services
requires a currency - a monetary tool to enable trade. But just who is to control the money that
operates society has been a struggle since biblical times. Apparently the only time Jesus used
violence was when he cleansed the
temple of the money changers who had turned it into a den of
thieves. Not much has changed!
While all people are familiar with money at the
consumer/earner level, the deeper issues of money creation and control it
form a specialty issue. As pointed
out by the Carl Sagan quote in the Introduction,
the vast majority of the public do not understand the basic details of more
than a few specialty issues.
A large part of this discussion is about the US dollar because
after WWII it became the default world standard that much of the world
still follows to some degree. After
a century of tussle in the US between the owners of banks and those elected
to govern, on Christmas Eve, 1913, with only a few conservative-leaning
congressmen in attendance, a surprise bill was introduced and passed.
Thereafter the majority of control of the money system came into the hands
of The Federal Reserve. As intended, this official
government-sounding name leads the vast majority of people to believe that
it is a branch of government. In
fact, it is operated by a consortium of commercial banks with only limited
control by the Federal government.
As Professor Virginia Abernathy commented on this subject, The Federal Reserve is about as Federal
as Federal Express, the courier company.
Banks were originally created to perform a public
service. But after decades of
hegemonic-driven evolution of the rules, while corporations still usually
do perform a public service, now their primary purpose is make profit for
their shareholders. For corporate
banks, the largest part of the control and creation of money is motivated
toward generating profit for banks and those who own them. Two US Presidents in the process of
attempting to take the control of the money system back into government
hands were assassinated. These were
Lincoln and Kennedy. Written history
is unclear on whether this was just coincidental.
The basic constitution
of the USA gives the Federal Government the power to create the nation’s
money. (Likewise, the constitutions
of Canada and many other countries.)
However, there is one primary means by which banks create vast
profit for banks: Instead of the Federal Government creating money to
operate both the government and society, the majority of money is created
by commercial banks, money that is loaned into existence at interest. A loan is a debt. It is therefore called a debt-based money
system. Not only do individuals and
industry take out loans from banks, but your government gets much of its
money from banks also! Both
principal and interest are to be paid back to the banks and their private
owners. (Note: The interest paid back is money that never existed before. This adds new money to the system and
guarantees either growth or inflation.)
This is
one of the destabilizing features that make economic growth imperative, or
the system will collapse, But like a monopoly game, the game will end when
either one player has all the money, or there is no more property to
buy. Just consider your country’s national debt, or the provincial/state
debt, and the vast sums of interest that must be paid on that debt. If the constitution had not been bypassed
years before, these loans could have been interest-free from money created
by the Federal government.
NGOs (Non Government Organizations) in USA, in Canada and UK work vigorously to awaken the public to
this issue and regularly petition their governments to take back the
issuance of money. Unfortunately,
it appears that a special version of the
golden rule applies here - those
with the gold get to rule. In
the meantime the voting public, it seems, have too many other issues to
deal with as they work and live within the familiar monetary world that has
a large influence on their life choices.
A time-tested truism describes this situation; You don’t know what you don’t know. Even though, in this case, it should be
making you very angry.
The deceptive Federal Reserve name is not the only
trick by monetary/economic leaders.
Since 1901 the Nobel awards, as established by Nobel Foundation, have been given for great achievements in
science, peace and other selected areas.
To add credibility to economics, aptly named the dismal science, in ‘68 The
Bank of Sweden began making an annual Nobel Prize for economics on the same fall date as the original
Nobel awards. Details of this hoax
are given in the 2011 book, Economics Unmasked, Philip Smith (a physicist)
and Manfred Max-Neef, a popular Chilean
economist/writer.
A perfect storm is brewing at the junction of the drivers of unlimited
growth, the International Monetary
Fund (IMF) and the World Bank,
and the issue of peak-oil which will eventually end growth. Here’s a sketch of what happens:
 Inflation,
built-into economy by the money system, is now amplified by growing energy
costs;
The
rich/poor divide grows wider;
Tax base
from the poor shrinks and the rich refuse to pay more taxes;
Municipalities,
states and countries cannot sustain their infrastructure that had been
built in the days of cheap oil;
Municipalities,
states and countries start to default on their loans as infrastructure
crumbles.
The
World Bank offers to save them
with more loans. But now the
conditions dramatically change. The
nature of those changes are described in books with descriptive titles such
as, David Korten’s 1995 book, When Corporations Rule the World, or
John Pilger’s 2003 book, The New Rulers of The World.
Naomi Klein’s ’08 book, Disaster
Capitalism, describes how the large corporations of the world take
advantage of chaos after a natural disaster, or a disaster they have
orchestrated. During the chaos of
the immediate aftermath, they implement a ‘helping hand’ fix designed to
enhance corporate control and profits.
However, another dire element of the perfect storm is global warming
and growing uncertainty of all that we once took for granted. MCP leaders will be unable to cope with
the added chaos for very long.
This overview on MCP does not delve into many other weird
activities in the commoditized-money world, and their imaginative creations
such as fractional reserve banking, derivative trading, etc., etc. The money industry employs thousands of
people who produce no goods and a relatively small real service for
humanity. But those who work in the
money control industry are among the most highly paid people on the
planet.
We learned after the 2008 financial near-meltdown that the
very large money institutions are now too
big to fail. As Milton Friedman once wrote: “Only a crisis – actual or perceived –
produces real change.” The inevitable
economic crash in our near-term future is poised to provide such a
crisis. In order to prepare for paradigm change rather than waiting
for chaos, we will need to have in place a shadow network of regionally
administered system of Money, Corporations and Politics - an MCP system
that is significantly outside the box
of current thinking and capable of being a key regulator of human-activity
in a world governed by Regions and guided by a science-based chaordic
organization we shall call the United Regions, united under the Blue Planet Governance banner. Such a system is envisioned in Section
4, in the O50APC scenario.
Occasionally, a prominent economist will come forward and
expose the underbelly of the MCP world.
Herman Daily, once a senior official with the World Bank, has done a
marvelous job of communicating the evil deeds of those who deal the
money. He supports alternate
possibilities such as the efforts of the Steady State Economics organization.
After an epiphany-like change of views, here is part of the
text of James Galbraith’s
written statement to members of the US Senate Judiciary Committee delivered
May 10, 2010.
I write
to you from a disgraced profession. Economic theory, as widely taught since
the 1980s, failed miserably to understand the forces behind the financial
crisis. Concepts including “rational expectations,” “market discipline,”
and the “efficient markets hypothesis” led economists to argue that
speculation would stabilize prices, that sellers would act to protect their
reputations, that caveat emptor could be relied on, and that widespread
fraud therefore could not occur. Not all economists believed this – but
most did. … A link to the speech
is in the MCP Appendix.
While energy flow is the
lifeblood of Gaian nature, money flow is the lifeblood of
civilization’s commerce and trade.
Those who control this vital component of society and future life on
Earth have lost their way. Our
window of opportunity between today and civil breakdown will be short. Writer and journalist Naomi Klein has
never been shy about attacking giants.
She should be taken seriously when she writes an article in CommonDreams.org titled, If You Take
Climate Change Seriously, You Have to Throw Out the
Free-Market Playbook!
Amen to that!
Since we have a great deal of extremely important work to do,
this chapter ends with a bit of humor:
Corporate deregulation leads to the headlines like this:
The Madoff investment scandal broke in
December 2008, when former NASDAQ chairman Bernard Madoff admitted that the
wealth management arm of his business was an elaborate Ponzi scheme.
... and when our system allows such
things to happen and you wind up with this.........
…. on next page…
Leading to an angry bull at the (stock) market.......
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The Bull reacts to
The Bird
Troubleshooter in Birmingham
England
Fall of 2008, at the peak of that monetary blip
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End of MCP Overview
<<<<<ó>>>>>
Back to Index http://gaiapc.ca/PJ/BPG/1a-Index.htm
Next to Paradigm Flaws
http://gaiapc.ca/PJ/BPG/3b-OtherParadigmFlaws.htm
To Appendix MCP If readers still have doubts about the need to
change the MCP, the Appendix adds significantly
more detail and dozens of relevant web references.
http://gaiapc.ca/PJ/BPG/6a-Appendix-MCP.htm
MORE INFORMATION Feb 2015
Where does money come from:
https://pendantry.wordpress.com/2015/01/11/what-goes-around-comes-around/
For some insight in who runs Washington see:
http://www.mikelofgren.net/introduction-to-the-deep-state
HSBC could yet be prosecuted over tax-dodging scheme, warns Loretta Lynch (The
Guardian)
http://www.theguardian.com/news/2015/feb/10/hsbc-tax-files-loretta-lynch-prosecution
HSBC bank ‘helped clients dodge millions in tax’ (BBC)
http://www.bbc.com/news/business-31248913
Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms
Dealers (ICIJ)
http://www.icij.org/project/swiss-leaks/banking-giant-hsbc-sheltered-murky-cash-linked-dictators-and-arms-dealers
HSBC files show how Swiss bank helped clients dodge taxes and hide millions
(The Guardian)
http://www.theguardian.com/business/2015/feb/08/hsbc-files-expose-swiss-bank-clients-dodge-taxes-hide-millions
Tax-havens: Super-rich ‘hiding’ at least $21tn (BBC)
http://www.bbc.co.uk/news/business-18944097
Illicit Financial Flows from Africa: track it, stop it, get it (Africa
Renewal)
http://www.un.org/africarenewal/magazine/december-2013/illicit-financial-flows-africa-track-it-stop-it-get-it
>>
From http://www.collapsenet.com/component/k2/item/5204-mike-ruppert-responds-to-questions-from-#occupy-london-stock-exchange-november-21-2011&Itemid=330
Example Q to
Mike C Rupert: If
you were President for the day, what's the first thing you'd do?
MCR – Tough question. My first
instinct would be that I would resign, because the American presidency is a
prisoner of the banking system, housed in a government with three branches
that are all controlled by banks, not to mention the administrative machinery.
I think the first and easiest thing to do would be (assuming I had powers
the presidency currently does not possess) would be to implement the terms
of a constitutional amendment just offered by Florida Representative Ted Deutch called “Outlawing Corporate Cash Undermining
Public Interest in our Elections and Democracy” or OCCUPIED. This is something I believe that every #Occupy in the
U.S. should jump on immediately and that every #Occupy around the world
should adapt for their own country.
<<<<End
of section>>>
Back to Index http://gaiapc.ca/PJ/BPG/1a-Index.htm
Next Chapter: http://gaiapc.ca/PJ/BPG/3b-OtherParadigmFlaws&CompoundingIssues.htm
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