Why the Economy is in Self-Destruct Mode
by Christopher Rudy, Netizen Journalist
Today’s Financial Model is ‘bankrupt’, i.e. no longer serving the purpose of social Conscience in our ubiquitous social networks.
To understand the problem and self-evident common sense solution (following below), consider the following excerpt from Adrian Salabuchi’s recent article in New Dawn Magazine (Sept.-Oct. 2011) www.newdawnmagazine.com.
Adrian Salbuchi is a political analyst, author, speaker and radio talk-show host in Argentina. He has published several books on geopolitics and economics in Spanish, and recently published his first eBook in English: The Coming World Government: Tragedy & Hope? which can be ordered through his web site www.asalbuchi.com.ar, or details can be requested by E-mail to firstname.lastname@example.org. Salbuchi also works as strategic consultant for domestic and international companies. He is also founder of the Second Republic Project in Argentina, which is expanding internationally (visit: www.secondrepublicproject.com).
--------- article excerpt follows:
Side One – Create Public Money Insufficiency. This is achieved, as we explained above, by controlling the National Public entity that issues public money. Its goal is to demonetize the Real Economy so that the latter is forced to seek “alternative funding” for its needs (i.e., so that it has no choice but to resort to private bank loans).
Side Two – Impose Private Banking Fractional Lending Loans. This, as we said, is virtual private money created out of thin air on which bankers charge interest – often at usury levels – thus generating enormous profit for “investors,” creditors and all sorts of entities and individuals who operate as parasites living off other people’s work. This would never have been the case if each local central bank were to flexibly generate the correct quantity of Public Money necessary to satisfy the needs of the Real Economy in each country and region.
Side Three – Promote a Debt-Based Economic System. In fact, the whole Pyramid Model is based on being able to promote this generalized paradigm that falsely states that what really “moves” the private and public economy is not so much work, creativity, toil and effort of workers, but rather “private investors,” “bank loans” and “credit” – i.e., indebtedness. With time, this paradigm has replaced the infinitely wiser, sounder, more balanced and solid concept of corporate profit being reinvested and genuine personal savings being the foundation for future prosperity and security. Pretty much the way Henry Ford, Sr. originally grew his most successful company.
Today, however, Debt reigns supreme and this paradigm has become entrenched and embedded into people’s minds thanks to the mainstream media and specialized journals and publications, combined with Ivy League universities’ Economics Departments that have all succeeded in imposing such “politically correct” thinking with respect to financial matters, especially those relating to the proper nature and function of Public Money.
The facts are that this Model generates unnecessary loans so that banking creditors can receive huge profits, which includes promoting uncontrolled, unwarranted and often pathological consumerism, which goes hand in hand with the increasing abandonment of the traditional value of “saving for a rainy day.”
Such debts having political and strategic goals rather than merely financial ones, are usually given a thin layer of “legality” so that they may be imposed by the creditor on the debtor (i.e., in the case of The Merchant of Venice, the bond entered into between Antonio and Shylock giving the latter the legal right to a pound of the former’s flesh; in the case of chronically indebted countries like Argentina, such “legality” is achieved through a complex public debt laundering6 mechanism carried out by successive formally “democratic” Caretaker Governments to this very day).
Side Four – Privatization of Profits/Socialization of Losses. Lastly, and knowing full well that, in the long run, the numbers of the entire Cycle of this Model never add up, and that the whole system will inevitably come crashing down, the Model imposes a highly complex and often subtle financial, legal and media engineering that allows privatizing profits and socialising losses. In Argentina, this cycle has become increasingly visible for those who want to see it, because in our country the local “Ponzi” Pyramid Cycle lasts on average 15 to 17 years, i.e., we’ve had successive collapses involving brutal devaluation (1975), hyperinflation (1989) and systemic banking collapse (2001), however in the industrialized world, that cycle was made to last almost 80 years (i.e., three generations spanning from 1929 to 2008).
### end of excerpt by Adrian Salabuchi
As for the self-evident common sense solution...
economics of abundance based on the
When the first 3 synergized "dimensions"
are wholly "integrated in the 4th"
(in time~ with good 'AIM'),
we naturally ascend into
the 5th dimension
This 'Creative Ascension Process'
is dedicated to the
intention attention retention ascension
Common sense would say that
our belief systems either unite us and define us as they
or they divide and desecrate the moral imperative for civility. So it behooves us to pursue a path
to KNOWING our divine destiny BEYOND the Big Lie to the whole Truth and nothing but the Truth,
so help us God!