Fear of Freedom – A Conspiracy of Silence

debat based money scamThe 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.

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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.

Money talks while Welsh Assembly Members plug their ears

The Grip of Death Monetary ReformEach and every Welsh Assembly member was alerted, at least once, possibly many times, of the importance to attend the talk about money where the roots of the economic recession and excessive debt burdens would be clearly explained.

They were reminded that ‘ignorance is not bliss’ when it came to understanding where money and debt came from – especially since they are in part responsible, through ignorance and inaction, for the sad shape the Welsh economy is currently in.

Out of 60 over-paid Assembly Members alerted, a grand total of six, or 10%,  bothered to show up, listed below:

  1. Darren Miller, Conservative
  2. Alun Ffred Jones, Plaid Cymru
  3. Paul Davies, Conservative
  4. Angela Burns, Conservative
  5. Mark Drakeford, Labour
  6. Julie Morgan, Labour

(Chwarae Teg to Darren Miller who convened Ben’s talk.)

Ben Dyson of Positive Money gave a clear talk about the the origins of our debt crises, explaining how the banks have fraudulently taken over the money supply as interest-bearing debt and now we are all swamped in unrepayable debt (considering we owe more money than there even exists!).

Ben is top-notch at explaining the source of the problem and pointing out exactly how the banks are sucking us dry like leeches forcing us into poverty and “austerity measures” when we should be rolling in riches given the productive capacity of modern industrial society. However, when it comes to solutions, he is sorely lacking.

Perhaps typical for a London-based man, he can’t seem to envision a solution that isn’t centralist and undemocratic. When it comes to managing a debt-free money stock for the economy he is actually dismissive of democratically elected representatives claiming they ‘can’t be trusted’, preferring an unelected body (in London no doubt) to control the United Kingdom of Northern Ireland and Great Britain‘s money supply.

So in other words, he proposes to get people in control of the money supply that is not democratically accountable and cannot be removed by the demos. Of course that’s exactly what we have today were approximately 80 private bankers control virtually the entire UK money stock, how much is  produced, and where it goes.

The difference with Ben’s solution is that the money wouldn’t be created by private banks out of nothing as interest-bearing debt but created from within the government as a debt-free money stock for the UK State. This would be far better that the ridiculous system we slave under these days. but sticks to centralized unaccountability – or to put it in another way, anti-democratic autocracy, no matter how ‘good-willed’ it may be in principle.

Soon after Ben finished his presentation questions were solicited. After the present Assembly Members were given priority with a few timid questions they all got up and left – before discussion with members of the public got going. Typical.

So they didn’t hear our concerns about Ben’s centralized solution. Nor did they hear my proposal that the Welsh Assembly convert their 18 billion pounds yearly block grant from London (or however much it is) into physical gold stocks securely stored somewhere in Wales. We could then produce 18 billion Welsh pounds, backed by gold, to run public services, in stark contrast to the virtually worthless English and Scottish pounds.

Given the escalating price of gold as the debt-based economies continue to collapse, in 5 years Wales would be awash with somewhere around 200 billion in gold reserves and 200 billion gold-backed pounds circulating through our economy, while England chocked on its debts.

Our only concern then would be limiting the huge influx of economic migrants from England!

The public cheered the idea – while Ben looked a little pale. Like the saying goes, you can take the lad out of London, but you can’t take London out of the lad!

Remember, I emailed each and every Assembly Member about the talk and underlined the fact to them that “ignorance is not bliss” when it comes understanding money and the economy. It would appear, given their dismal attendance record and the conduct of the few who came, that they beg to differ.

Leanne’s proposals – re-arranging deck chairs on the Titanic

leanne wood plaid cymruLeanne Wood, newly elected Leader of Plaid Cymru The Party Of Wales, has outlined a programme to revive the Welsh economy see: Plan C. As is usual for virtually all mainstream political parties these days, it boils down to “re-arranging deck chairs on the Titanic” rather than exposing the underlying causes and proposing necessary radical changes to the system.

Unsurprisingly, she starts with the standard put-down of Wales with the usual labour-like-lefty moaning refrain: “we’re sooo poor – it’s not fair!, etc. etc.”.

She then calls for “the devolution of borrowing powers and responsibility over macro-economic levers” and a change in public procurement policy.

Regarding procurement policy, the way it works these days is through competitive bidding – with the ‘best value for money’ (lowest bid) almost invariably winning. Yes, that means that outside corporate interests can usually win these bidding wars ensuring that tax money returned to Wales quickly disappears again, keeping the economy short on cash.

Leanne Wood is absolutely correct in questioning this ‘best value’ approach to public procurement but her proposals to change it is just hot air and would never fly – because it directly conflicts with one of Plaid Cymru’s most cherished goals – to become another vassal state of the European Union.

The EU is all about protecting the interests of the financial elites and corporate power. It is the EU that forces competitive tendering and ‘best value’ procurement ensuring that money always moves up, and the growing divide between the uber-rich and the rest of us is maintained and strengthened. You only have to see the current brutalisation of the Greek, Spanish and Irish people by the EU troika’s* austerity demands if you have any doubts what membership in the EU really means.

“Progressive procurement” as Leanne calls it is good idea, but impossible in Plaid Cymru’s larger vision for Wales.

As for the devolution of “borrowing powers” – that’s a no starter. In fact it’s a very narrow-minded approach to reviving the Welsh economy. Wales, like the rest of the Western world, is already suffering under crippling debt levels. The UK government has allowed commercial banks to take control of 97.3% (and growing) of the entire UK money stock – meaning that debt-slavery, relentless crippling inflation. and austerity measures are built into the system.

We don’t need more debt. We need LESS debt – and more real (debt-free) money.

On that vein, it’s ironic that two speakers were invited to the Assembly in this Spring (arranged and hosted by a Labour and Conservative AM). One speaker was Ben Dyson of Positive Money. The other was a researcher from the New Economics Foundation who made an argument for the creation of a debt-free Welsh pound spent into the economy which would rapidly make Wales the most solvent and vibrant economy in Western Europe. (That’s not rocket science. It’s just basic mathematics, simple and straightforward – once you understand how the money system and economy actually work in the real world.)

What’s ironic about these monetary reform proposals made to Assembly Members and members of the public was that not one single Plaid Cymru AM bothered to come and listen – even though I personally invited (virtually insisted) that Plaid’s shadow minister for economics, Alun Ffred Jones, come to the talk!

Leanne then goes on to propose an “unconventional fiscal policy [which] involves shifting the balance from revenue spending to capital expenditure. On a macro level, the proposal is for the government to control and manipulate the economy through its enormous fiscal clout. That makes perfect sense if you adhere to an overbearing government bureaucracy controlling almost every aspect of our lives. They tried it in the USSR. Didn’t work. They are now trying it in the EU. Won’t work. It will just lead to more stagnation and collapse.

We need a Welsh government that says NO MORE! to the international financiers and corporate interests controlling people and governments around the world. Simply “window dressing politics” will no longer cut the cake. Until Leanne and Plaid Cymru are willing to admit that the financial Emperor (the City of London and the EU troika) has no clothes, and accept that we need a commonsense and radical shift away from an economy based on debt and concentration of power, they can not offer the Welsh nation annibyniaeth go iawn – real freedom or independence.

If you are a Plaid Cymru member, please tell your party bosses to pay attention to the short video below, and do some thinking.

*The troika is a slang term (Russian for triad) for for the three organizations which have the most power over member state’s financial future – or at least that future as it is defined within the European Union. The three groups are the European Commission (EC), the International Monetary Fund (IMF), and the European Central Bank (ECB).

Can Wales AFFORD independence?

Below is a short article I pasted in syniadau.forumotion.net/ in May 2011. It has so far been view 85 times and received 0 response.

Apparently no one disagrees with it but why the silence? when we examine the thing most of us spend our entire lives chasing and worrying about – money. Is it a taboo subject?

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The question “Can Wales afford to be independent?” is a misguided one based on confusion of how the economy and the money system operates.

A more legitimate question is – Can Wales afford to continue to be locked into the failing UK economy where all crucial decisions are made in London?

If you want to discuss affordability you must understand the nature of money – the linchpin of all modern economics.

A quick overview of the money system:

Less than 3% of the UK money supply is in notes and coins – the rest is simply electronic numbers in bank accounts, credit card statements,and the like.

More importantly, the “electronic” 97% of the money supply is debt – to be paid back with interest – mortgage debt,business debt,personal debt,public debt. Our money supply is debt.

How has this come about? When banks lend money (or credit card extend credit) they don’t take it from somewhere else. They create it out of nothing – as debt – to be repaid with interest. Over time the debt supply of money overtakes the debt-free supply – notes and coins.

In the UK, the money supply grows by around 8% a year – all debt money. As an economy we have to borrow more money every year just to keep up to the paying the interest of previous borrowing. It’s like digging a deeper and deeper hole every year just to fill previously dug holes.

We now owe far more money than exists. There is no escape if we stay in a debt-based economy.

While the bankers and financial elites rule London, and London rules the UK, there is little hope for Wales getting off the debt slave treadmill.

We can only expect increasing debt, foreclosures, and cyclical inflationary growth (fuelled by expansive credit/debt creation) followed by recessions and cutbacks as the debts become unplayable.

The 2008 recession is just a calling card of worse times to come if we don’t get off the debt wheel.

So what could an independent Wales do to right the situation, you ask?

Simple – three little laws. One would create a national currency for Wales. Second, we create a national bank of Wales, democratically owned and controlled. Third, we would require the banks to do what most people think they do now – lend money they already have.

Only the national bank, on behalf of our nation would have the right to create money out of nothing. If the banks wanted to lend more money than they had they would have to borrow it from the national bank.

With a stroke of the pen we would reverse the playing field. The big financial wheels would have to pay interest to us, the country, for using our money – not the other way around, like in the UK now, where the entire economy is in debt to the elites. (a stupid, unjust, rotten system when you think about it).

So in the future, if Wales needed to undertake some major public projects (like building 10 more hospitals and 50 new schools) the question – do we have enough money for it? – would be senseless. The correct question in a debt-free system would be – Do we have enough workers and materials to undertake the projects?

So can Wales afford independence? Absolutely! If we take control of our money supply in a democratic and responsible fashion we could be in for a very bright future.

Can Wales afford to stay in the UK? Only if its prepared to suffer more debt, poverty, recessions, inflation, stagnation and misery.

The Debt Illusion

This past month I’ve been hanging out in the the Irish Republic – Cork, Munster to be exact.

The Irish are bemoaning “the recession”. Unemployment is high but public debt is the main cause of concern.

All political parties, just as in the UK, have agreed that the public debt must be reduced and public expenditure must be slashed.

Yes, you heard that right. The general population is suffering from a decrease in income and the general consensus is the only solution is to decrease their income even more!

It’s complete collective idiocy based on a profound misunderstanding as to the nature of money, where it comes from, and how it can be used to secure a sound economy.

The first thing that has to be done (and an independent Wales would have this option) is for once and for all separate money and debt. The financial elites have bamboozled us over the past few generations that all money must be linked to interest-bearing debt. It’s how the financial elites keep the cream (interest) for themselves and grow fat while the rest of us become debt-slaves on a treadmill with no hope of getting off.

I’ll talk more about this later but here’s the jist – 95%+ of all money in the Western economies is interest-bearing debt. Where did it all come from? Simple. When you borrow from a bank it creates the money out of nothing. Yes, nothing. Presto. That’s why it’s called fiat currency. It shows up as credit in your account but the catch is you have to pay it back with interest. And yes, the bank keeps the interest and the the main sum when you pay it back. good deal for the banks. Slavery and a massive con for everyone else – including governments – who have been duped into thinking they have to borrow money from the banks to finance public expenditure. Hence the public debt.

That’s right. An entire nation is enslaved in debt, including the government, to a small group of smug bankers, who simply made the money available by typing it into the borrows account.

You see, money is just electronic numbers these days. Less that 3% is paper bills and coins – created by the government as debt free legal tender. The rest is a massive con job.

A free and independent Wales would need no public debt.

A free Wales wouldn’t need full employment – a basic income distributed to all citizens would suffice.

An independent Welsh republic could abolish income tax – a ridiculous idea from inception.

An independent Wales could manage its own debt-free money supply for the benefit of all.

A civilized Welsh republic could make bankers do what most people think they do now – lend money they already have. And if they haven’t got enough money to lend? They would have to borrow it from the government.

That would be a sensible arrangement. Let’s turn the debt tables around. If there’s any debt it should be the financiers owing the state, not the other way around.

When will we wake up? When will we see that the financial emperor has no cloths?When will Wales be free?

The sooner the better!