WHAT IS WRONG WITH OUR MONEY?

/Home/Charles Ponzi and Modern Day Ponzi Schemes/Social Security-Perhaps Huge Ponzi Scheme

January 31, 2009 at 16:44:51
2 2 2 View Ratings | Rate It

WHAT IS WRONG WITH OUR MONEY?

by Jere Hough Page 1 of 3 page(s)

WHAT IS WRONG WITH OUR MONEY?
Jere L Hough
1-21-2009

What wrong with our economy? Why are we having a financial crisis? What is wrong with our money?

This is the defining, yet widely suppressed, issue of our time. It is one that is rarely discussed, even in progressive circles, much less mainstream print, video and talk media.

Until people, especially the world's leaders at all community and governmental levels, correctly perceive the monetary fraud that has been perpetrated upon us all, the situation will continue to worsen to the point of self-destruction, resulting in incomprehensible waves of catastrophes throughout the world. This is not just a national problem. It is global in its reach and scope. And it is urgent.

The question of what is wrong with the worldwide economy cannot be answered without examining the heart of all economic issues: money – it's nature, function and defining characteristics and proper roles in societies and civilizations.

The power of money, money creation, regulation and definition is the ultimate worldly, or temporal, power. Its proper use and definition can result in the most powerful creative force for good on the planet. Likewise its misuse or abuse, along with deliberately false concepts about money can be as equally destructive a force as it can be a creative one.

We are living in the end of an age of the abuse of the power of money and the mal-distribution of land and resources – the basis of all wealth. The curtain hiding the mechanisms of control is being slowly opened, and the "Wizard of Oz" (oz. = an ounce of gold) is being exposed for the charlatan and illusionist that he really is. The long-concealed identity of "the man", "the powers that be" and "the establishment" is being revealed, largely via the power and freedom of grassroots Internet communications.

Are we ready to deal with that? Can we handle the truth? I truly hope so. The consequences of failing to identify and correct the problem on the causation level are too unpleasant to consider.

So here is the unpleasant truth:

Our entire worldwide banking and financial system is a fraud, from top to bottom. The higher up one looks the more fraudulent and deceptive the institutions and the individuals that run them. Yes, I am referring to the IMF, the World Bank, the BIS, and all national and continental central banks, including the European Union. They are as corrupt and criminal in their enterprises as Bernie Madoff was in his. In fact, there is little difference between them, except for the scale of the criminal enterprises themselves.

By "criminal enterprises" I am referring specifically to "Ponzi Schemes". They are all illegal, fraudulent, and designed to funnel money up a pyramid to the beneficiaries at the top, not be creating a legitimate product, but be the mechanism of unlimited expansion and growth. This model is, of course, unsustainable, and therefore the fraud is that at some point, like all Ponzi Schemes, it must collapse like the house of cards it really is.

The only way the average person can understand this, if they can ever indeed get their mind around it, is to expunge the myths about money that now permeate our worldwide economic civilization. These myths could not have any power over us if they were not constantly and incessantly drummed into our consciousnesses from every major educational and informational institution. So it should go without saying that nearly all major schools of economic thought and monetary policy are a part of the system of deception, knowingly or not. Our leaders, senators, congresspersons, ministers and financial experts are either ignorant or feigning ignorance about the realities behind money.

This situation is not an accident. Nearly 300 years ago, a letter from the Rothschild Brothers of London observed:

"The few who can understand the system (checks, money and credits) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interest."

The writer was speaking of the fractional reserve banking system, and it is the "fractional reserve" part of the system that both "creates" new money out of nothing, and accounts for a good portion of the "Ponzi Scheme" aspect.

But what, exactly, is this "myth" about money of which I speak? Well, actually, there are a whole hierarchy of false concepts and deliberate mystifications about money that are perpetuated to keep the Ponzi Schemes afloat. And by "afloat" I literally do mean "a float" in the sense of a check floating or kiting scheme, where an individual's overdrawn bank account can be falsely made to appear to have a large positive value or worth simply because of the time delay involved in clearing checks or other drafts or deposit instruments.


We don't have the luxury of procrastination. The current system is rotten to its core, and is disintegrating even as we speak. The issue is how much of our current economic system can and should be saved, and what can be changed while there is still time to do so.

Future generations of humans becoming will ask what we did to bring us to economic ruin, or to an alternative and prosperous reality.

How will you answer them?