wales export summit

Export warfare truce

Why Wales needs to export LESS, not more

The drive to export more and more

In the material world – the real world – exporting goods and services represents a material loss to a nation.  We produce real tangible goods like food or manufactured goods and then send them away for others to enjoy. Their material gain, our material loss. The importing nation is materially richer while the exporting nation is materially poorer.

So why do all political parties, mainstream media, and “economic experts” insist that we should focus on increasing our exports to strengthen the economy? If not the real economy of lives and stuff, what economy are they talking about? Why does everyone champion the material impoverishment of their own nation?

The reason our “economic experts” encourage increasing exports as a vital economic strategy is because all nations are stuck in an acute state of insolvency. We are insolvent because we have collectively fallen prey to a debt-based monetary system created and foisted upon us by financial parasites – also known as the banking sector. The same banking sector that funds the universities that produce the “economic experts” that advise governments.

The advantage to indebted nations of increasing exports and swinging the balance of trade in its favour, is that the influx of external currencies helps it keep up with the extractive interest payments levied on virtually our entire money supply.

Export Warfare

On a macro-economic level we are all working harder and harder for less and less to keep up to the increasing burden of this financial sector levy. This is the underlying impetus for export warfare being waged around the world. It’s the reason neoliberal economists and their trained parrots, mainstream media and politicians, underline the importance of exporting.

This call to export more and import less is echoed around the world, resulting in fierce competition in a global race to the bottom. Whoever can exploit their nation more by paying their workers less and pillaging their environment “wins”. We get richer by making ourselves poorer. Such is the logic of modern debt-strapped economies.

It is a war only idiots would want to fight, but a very popular war nevertheless.

There can only be losers in this war

One nation’s favourable balance of trade can only come about through another nation’s loss. For every national economy that exports more than it imports, there must be other economies that import more than they export.

Like a game of musical chairs, there can only be winners because there are losers. The importing losers get more stuff, but suffer a shrinking economy due to an outflow of money to the exporting nation. The exporting winners have less stuff to consume but have more money to keep debt foreclosure at bay.

However, given the unrelenting nature of compound interest levied on the entire global money supply, the future for all nations looks bleak.

Nations with an unfavourable balance of trade fall into increased debt-servitude along with growing impoverishment and privatisation of natural resources. (Greece and Latvia come to mind.)

Further down the road, even nations with a favourable trade balance will no longer be able to keep up to the cancerous exponential growth of compound interest and will suffer the same fate as their rivals – debt-serfdom in a neo-feudal financial order. The 2nd Dark Age will be here.

There are no long-term winners in Export Warfare. No one, in the end, will be left standing.

How to quit the war and live in prosperous peace

Export warfare, the race to the bottom, environmental destruction, and impoverishment of our lives is all driven by a dysfunctional monetary system based on debt. It has been created by the 1% for the 1% – to the detriment of the rest of us.

This explains why we are driven to engage in cut-throat export wars. Simply put, we keep our boat floating by sinking others.

What kind of world is that? An insane one. Isn’t it time we said enough is enough?

Saying ‘enough is enough’ is simply replacing our privatised debt-based money with social credit (national debt-free money). More about this here: Independent Wales = Prosperous Wales

Any nation, such as Wales, that decides to return to sound monetary policies (based on social credit not private debt) would be free from the need to engage in export warfare with other nations.

We would be then be free to trade with whom we pleased, not forced to trade just to stay afloat.  Real free trade – not the sham version forced on us these days- would of course continue. We would still want to import cocoa, coffee, and other goods we cannot produce here, and export goods that others want. But it would be free in the sense that it would suit our personal desires and needs, rather than be driven by debt-leveraged corporations and ‘trade missions’. Economies of scale, single markets, trading blocks, etc. would all become largely irrelevant.

Our local Welsh economy, created and sustained by our own labour, could once again become the cake. Export trade would become the dispensable icing. A social credit-based economy would allow just that – and ensure a secure future for our children, and our children’s children.

The alternative, to continue on with our drive for exports complete with trade missions and summits, is to allow our children to be sold into debt-slavery. (Given rising student loans, the high cost of housing, stagnant wages and reduced prospects, it could be said that this has already happened.)

 

 

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.

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.