Four Horsemen Page #2

who don't give a damn

So, there's this natural entropy,

in a living organism,

which an empire is of course,

over time dies.

The question is how does it die?

Does it die devoured in a

cascade of events or,

does it die over a long period of time

The babyboomer generation we're

born into this age of decadence,

perhaps unwittingly they've broken

the unspoken intergenerational contract

through unfretted consumerism,

spiraling houseprices,

and the desire for eternal youth

the babyboomers have squandered

future generations inheritance

My generation and the generation

right after my generation

I think we've forgot that little phrase

in the preamble in our constitution

which says, "and our posterity"

All of a sudden it became "us", period.

The babyboom generation

which i'm part of is gone

and the biggest missalocation of

capital in the history of mankind.

We've had cheap oil or cheap energy

is a better way to rephrase it

we've had an abundance of ideas,

and we've chosen a system and perpetuated it

That is probably one of the worst ways

to use the blessings that have been

bestoved upon us

and we're going to pay a price for that

Human beings are inconsistent and paradoxical

we hope for peace and immortality

but continually invent new ways

to destroy each other

we're capable of the kindest most noble acts

and the most horrific atrocities

Human beings are complex creatures

We're capable for right now

at this minute in acting in such a way

as to make it likely if not certain

that our grandchildren are

going to face terrible disasters

and we're consciously acting to

accelerate that likelyhood

even though we all love our grandchildren

How can it be more contradictory than that

In spite of all the economic activities of

the last 50-70 years

since the World War 2 and all

the industrialisation

we have not yet managed to

solve the problem of poverty,

depravation, hunger or malnutrition..

Millions of people, every night

go to bed without food

and millions of people are throwing

away their food.

Waste on one hand, and poverty

and depravation and hunger on the other

Malnutrition on one hand,

and obesity on the other

What kind of system have we created?

Why with such brilliant knowledge

on the planet

are we still struggling to distribute

wealth fairly?

How has the human race developed

a flawed system of

government and economics that serves

the few at the expense of the many?

And with such poverty in an age of plenty,

why have we not

the will to change such a vicious structure?

Greed is the fundamental kind of

ingredience for the immoral economy

The problem is not that there's

not enough in the world

people say that they have poverty,

that we have to create more wealth

"There's enough in the world for everybodys need"

as Mahatma Ghandi said

..."but not for anybodys greed".

But is it just greed, or does it go deeper than that?

Is the problem systemic?

As a civilization, we've obviusly had a great run

we've had the industrial revolution

having survived that

we built a lot of modern military technology

we've survived that so far.

We built a banking system,

and we're still struggling with that part

We've got a good run...

It's kind of like when

I was working at wall street for 7 years

I had the experience some people would have

that we're working in a

meat processing plant...

...they become vegetarian

When you work on Wall Street and

you see how the banks make money,

you see JP-Morgan... ...when you see money,

it kind of makes you sick.

I think if the people knew what

the banking system is up to,

as Henry Ford said

there would be "a revolution tomorrow morning".

The fact is most people think is,

what a bank does is lend money that

someone else has put there previously.

But what a commercial bank actually does,

is to create money from nothing

and then lend it to you with interrest.

If I'd do that,

it would be called counterfeiting

If an accountant does it,

it's called "cooking the books".

If a bank does it,

then it's perfectly legal.

So long as you allow fraud to be legalised,

then all kinds of problems will pop up

in the economic systems,

which you can't do anything about.

Private banks create money out of nothing

and lend it out at interrest.

Now that sounds absurd, but when i teach

soft morals about money and banking

they never believe it,

so you have to go through it again and again...

Yes! Banks do create money,

here's how it happens

And they're right to doubt that

that could possibly be what's going on

but it is

Now if the banking lobby is very strong

they're going to say

"well we dont wan't to change the system,

we're making so much money out of it,

what we have to do is:

A:
Try convince the people that it's their fault;

"Their wage claims are to high,

that's why we have lots of inflation".

Or:
"People are speculating on housing,

that's why housepricing is going up..."

what they're not going to say is;

"This is happening because the banks are

creating money out of nothing,

and pumping it in to the system,

that's why the prices are going up".

But how is it we've ended up with a system

in which banks have the power to create money?

Since 1971 when president Nixon took the US off

what was left of the Gold standard,

the world was operated under

a system known as FIAT.

The dollar, pound and euro are all

government FIAT currencies.

FIAT is a latin word, meaning "let it be so".

It's the law that this government

currency be money.

Without that legal enforcement,and the fact

that we must pay taxes with this money,

that dollar bill, or that computer

digit that represents the dollar,

would be pretty much meaningless.

Only the government has

the power to issue FIAT money.

But banks can create it through lending.

Over the last 40 years, since this system of

FIAT money became the global norm,

the supply of money has grown exponentially.

In fact we've seen the greatest

growth of money in history.

But who benefit's?

Of course those who have

the power to issue the money,

the governments and banks.

Then those companies and individuals

that get this money early,

can spend it before the prices of

the things they want to buy,

have risen to reflect the new

money in circulation.

In other words they get services,

products or assets cheap,

but prices soon rise.

So, holders of assets such as houses

or shares will then see gains

without there necessarilly being

any improvements

to the company or the house in question.

Often this can lead to speculative bubbles.

But what about those on the bottom

of the pyramid?

Those on fixed wages or incomes,those

who live in remote areas or those with savings?

By the time this newly created money

has filtered down to them,

the prices of the things they

want to buy have increased.

Their savings buy them less

and their wages remain largely unchanged.

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