The negative symptoms of the disease are everywhere – congested supermarkets and shopping centres, congested traffic, predatory and prey working conditions, cheap throw-away products, declining standard of living, environmental degradation, loss of work, loss of home, loss of security, loss of health, slipping deeper and deer into debt.
We talk endlessly about ‘the economy’ and its woes such as unemployment, rising cost of living and inflation; we bemoan austerity measures; examine the pro and cons of this measure or that work programme; follow the rise and fall of the stock exchange; debate the stupidity of bank bail-outs; worry about increasing recession …
But … we never ever talk publicly about the root cause of these negative symptoms, the dysfunctional debt-based money creation system. The disease at the centre of the economic system is never discussed, diagnosed, or treated. The disease I am referring to is the system whereby private banking cartels create and control the money supply as debt – enslaving businesses, governments and people alike.
The cause is staring us in the face. Yet we look away, despite the fact that the vast majority of us are negatively affected by this money creation scam.
For example, when an economy becomes reliant on a money supply based almost exclusively on debt, an intensely competitive system emerges, almost anti-social in nature. This ‘dog eat dog’ system emerges, not out of our ‘base human nature’ but out of the need to escape debt by foisting it on others – just to survive. A system of winners and losers. Think about it – if you have money and no debts it’s because someone else had to go in debt (if not, the money you have wouldn’t have existed in the first place). The brutal truth is that the vast majority of us are losers – the current average household debt in the UK is £53,785 (statistics for November 2012, sum includes mortgages).
(“Mmmm … I think I’ll try to become a winner … fuck everybody else!”)
Also, we are increasingly becoming insecure regarding our most basic needs – like having a secure home. The simple and necessary need of having a roof over your head is under increasing threat. Over the past 50 years house ownership (no mortgage) has fallen from over 50% to now around 30%. In other words, our homes are being taken over by the banking sector via price inflation and more and more of us are enslaved by mortgage payments, the only way to avoid homelessness and destitution. Currently in the UK a home is repossessed on average every 15 minutes and 30 seconds. Every day. What kind of a fucked up system is that?
(Mmmm … so I can choose between being a debt-slave in a house … or debt-free in a cardboard box …”)
And then there’s the end-game. Earth’s health itself is under threat by one of the most absurd and deadly symptoms of the debt-based money system – the need for perpetual economic growth – just to delay inevitable economic collapse. The debt-scam system gives us a choice between trashing Earth or economic destitution.
(“Mmmm … hard choice. I guess we’ll just have to trash the planet.”)
To put it in another way, the debt-based monetary system is cancerous. Like a cancer it grows exponentially until it kills the host. From our direct individual perspective, it first enslaves us in debt, then it impoverishes us by driving us into perpetual economic insecurity.
This cancer also exasperates wealth disparity, as the few become billionaires while more and more of us worry just about getting by the next month.
Like all cancers, the debt-based money system’s need for perpetual exponential growth is eating away at the very biological foundation of this planet. The current monetary system is clearly and demonstrably ecocidal.
The simple, oh so simple, solution is to replace this defective, unjust, and in the end, doomed debt-money-creation system with a sound one that serves everybody justly and equally – replacing the need to slave your life away in demoralising employment, or to destroy the very place we need to survive.
There are a number of reforms to the debt-based money system that have been put forward over the decades and although they differ in approaches and details, they all hold one thing in common: they would all create a far more fair, relaxed and enjoyable society where chronic economic insecurity and increasing inequalities in wealth would be a thing of the past.
The bottom line is this: replace the debt-based money stock controlled by private interests with a debt-free money stock(s).
We need to move from a system that creates unsustainable inequality to one that provides sustainable prosperity for all.
If you think that’s a pipe-dream, think again. We have the knowledge. We have the tools. It is a straight-forward commonsense approach to building an economic system based on sound principles, and requires little, if any, cost or government intervention, (apart from a few changes in banking regulations).
So what can you do, you powerless reader, you debt slave, you quiet frightened little mouse?
Learn how the rotten, lecherous debt-money supply works. Inform those around you.
Initiate or participate in a nation-wide debt-repayment strike.
Start a local currency or LETS scheme.
Demand your elective representatives (in all levels of government) inform themselves and establish a public opinion on the issue – (so at least they can be held to account).
Vote for the candidate in elections who understands the dysfunctional debt-money system and is committed to work to change it. No candidates fit the bill? Run yourself!
So come on guys. Let’s get off our butts and start doing something to bring back sanity and justice into the system. Our technology and productive capacity has reached the point where full employment is no longer required to provide for all. The good life is within our reach. Very doable.
We just need to replace the greedy, deceptive snake-oil salesmen controlling our money supply with a sound, open, transparent and democratic money supply that serves all.
We don’t need debt. We need money. We need freedom.
If you can’t be bothered to do anything for yourself, do it for the kids, before they get saddled with an even bigger and more oppressive debt burden than we suffer under today.
- – -
P.S. For the latest figures on the dire debt situation in the UK see: http://www.creditaction.org.uk/
To learn more about the rotten date-based money system check out some informative videos here.