The Mythology of Money

The Mythology of Money

You learn the myth at a young age and it is continually reinforced on your consciousness for the rest of your life. It is the background illusion that makes day to day existence possible. It is the story that holds up the system. They teach it in school and on television and in the movies. If you do not believe the story, they will say you are crazy. Atheists don’t believe in God, but they believe in the myth. What is the myth? Money is a real thing.

Yeah, well, so is God… sort of… metaphorically speaking. The belief in God was real enough to serve as the foundational principle of an economic system that lasted for hundreds of years. Religion was the glue that held the economy together. Nowadays, the belief in God is optional. Instead, the belief in the reality of money is the foundational principle of the economic system. The myth of money is the glue that holds the modern economy together.

According to the myth, money is a thing out there in the world that humans can gather or collect or earn or find. Some people or institutions have lots of it, some people have smaller amounts and some people have very little or none. The story, however, is a little vague in explaining how people ended up with the money that they have now. Some people suggest that the present distribution of money is the result of evolution (they earned it in the great competition) while others suggest that it is the result of God’s plan or design. Really though, they tend to avoid the topic all together. You cannot even mention it in polite society. You can, of course, argue until you are blue in the face about the re-distribution of money. Liberal vs. conservative…. But you can’t talk about the distribution of money in the first place. We are just supposed to accept the reality that there are trillions and trillions of these things out there called money and some people and institutions have it and some don’t. That is just the way it is. You better believe it.

But what if you don’t? What if you don’t believe the myth about money but instead understand the truth about money.

In reality, money is the symbolic representation of your legal right to use economic value within the jurisdiction of the government that backs the money. In a democratic society, the value of money would be determined by an agreement between citizens. In other words, money is part of a social contract and it is used as a tool to facilitate the exchange of goods and services. As such, all citizens have access to the flow of money based upon the same basic formula. But I do not believe any such democratic society exists anywhere on earth. Instead what we have is oligarchic money supply systems. Money is used as a weapon to enslave the masses instead of as a tool to facilitate fair trade.

The same structure is used by nation states all around the world. It was originally designed by the Roman Empire and was modified by the Europeans but it is now the Americans taking the lead in spreading it world wide. It is THE mechanism that allows for the domination of indigenous local cultures by the global corporate culture.

Every nation state has an evolving amount of economic value available within its borders. In other words, old economic value gets used while new economic value is created. The distribution of money determines who gets to use the economic value that is available. A central authority controls the money supply. Theoretically, they add new money to the system by investing in projects for the benefit of the nation and subtract money from the system through taxes. Through the investment in certain activities and the taxation of other activities, the central authority shapes the economy, culture and way of life of the nation state. That is called government. It is the way things work.

Sometimes governments are monarchies, sometimes governments are dictatorships and sometimes governments are nominal democracies or republics. But it doesn’t matter. Money is always created at the center and passed downward to the citizens. If you ever run for state or federal office here in the US, it soon becomes apparent that your primary mission as a senator or congressman is not to make laws but to beg for money from the central authority on behalf of your district.

But if money is the symbolic representation of your legal right to use economic value, why is it distributed to the state or district from the outside instead of created within the state or district itself? Seem like a strange question? Can we get to the root of the question. Where does money come from? How is it made? When new money is added to the system, who adds it and who gets it? New money is obviously added to the system all the time. How much is a loaf of bread? How much was a loaf of bread ten years ago or twenty years ago?

They play the same game in every country I have ever traveled in. You can trade US dollars for the local currency on the black market or at banks or public exchanges. Many foreign currencies have lots of zeroes as governments and central banks add more and more currency to their system without increasing economic value inside their jurisdictions. This causes inflation as each individual piece of currency is worth less and less. Some governments even have to subtract zeroes from the currency because at some point it becomes ridiculous. I once paid 38,000 Zimbabwe dollars for a fast food cheese burger in Harare.

I have not yet visited a nation state that has a democratic money supply system. In my experience, there are only oligarchic systems. Money is created at the top and passed downward through the channels of the hierarchy until it eventually reaches the general public where it gets passed around. The relative cost of things in each nation state is dependent upon the amount of currency getting passed around and the availability of economic value. Behind it all is the US dollar.

The Bretton Woods conference after WWII, established the structure that essentially rules most of the world’s economic value today. Under this structure, the IMF and World Bank treat “independent” nation states in much the same way that the Federal Reserve treats the different states and communities in the U.S.. With the power to tighten or loosen the money supply and the means to direct currency flows, the central authority imposes poverty to guarantee compliant laborers and access to natural resources for multi-national corporations.

It doesn’t have to be that way. People could stop believing in the oligarchs’ money and create democratic money to pass around instead. With universal access to basic economic rights, people would have an economic incentive to work together in voluntary associations and co-ops to make their communities and the world in general a better place instead of being forced to get a “job” in order to survive.

In the last thirty years or so, the oligarchs in charge of the money supply have used the mechanism of “financial services” to direct excessive amounts of currency flow towards national security (war), fossil fuel extraction, information manipulation (propaganda) and domestic security (prisons and police). If you want to “succeed” in the modern world, those are good industries to get a “job” in. The troubling world we are living in today is largely the result of those unwise investments.  The direction of currency flow towards the above mentioned “investments” was not somehow the manifestation of the people’s democratic will.  It was the decisions of the oligarchs because they wanted to exert more control over “citizens/subjects”.

What is the difference between democratic money and oligarchic money? Democratic money is based upon a social contract between the people participating in the economic system. Oligarchic money is created by governments and corporations (banks approved by the fed) and lent with interest to the people participating in the economic system.

Democratize the money supply!

The non-violent economic revolution starts now…

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Revolution 101

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REVOLUTION 101.

Don’t get burned again.

Democratize the money supply. Until you do, all the elections in the world won’t make a damn bit of difference.

You are a data point in a marketing algorithm not a citizen participating in an election. Politicians work for their financial backers, not the voters. Voters are just the customers buying the crap the politicians are selling.

Remember Barack Obama, the peace candidate, who has now bombed 7 countries.  Remember George W. Bush, the “compassionate conservative,” that opposed “nation building” who then tried to “re-build Iraq” after he destroyed it. Remember Billy Clinton, the “liberal democrat”, who transformed social services into mass incarceration and let loose the vultures of finance capital onto the carcass of the US economic system. Remember the other Bush who wanted us to read his lips and Ronnie who opposed big government and gave us the largest government expansion ever.

So now Bernie is selling socialism that is not really socialism. In the spectacle of propaganda that is the US election performance, he is playing the extreme left character to counter balance the extreme right character of Donald Trump so that Hillary seems the rational, wise, compromise middle when they crown her queen. If Bernie ever did win, his economic plans would not get through Congress and socialism would take the blame for the next big crash. The important thing about Bernie is, he convinces a whole lot of people that they have a say in the process. Many of these people probably just about gave up after the travesty of Obama. But good ol’ Bernie has them believing again. What does he have them believing in? The empire? In the control of a wise and compassionate man, the power of the empire can be used for good…

I don’t believe in the empire. I oppose the empire. I believe in the decentralization of power structures and the localization of economies. The US empire should immediately withdraw its military and all of its fossil fuel consuming aggressively postured horrible weapons systems from their threatening positions around the world. And until they do, I’m certainly not going into a little booth to pull a lever and pretend that the people responsible for such madness represent me. I don’t care how good their healthcare plan is. That’s what I believe.

As such, I don’t vote in Presidential elections. This country and the world needs a political and economic revolution. Not another figure head sitting atop the same broken political/economic system. The revolution I’m talking about is conceptual and practical and non-violent. We have to replace a linear mechanical economic system with a dynamic organic one. A system that thrives on continuous war must be replaced by one that encourages peace. That may seem like a rather complicated maneuver but it is possible. It’s not going to happen at the voting booth though. The whole voting game is a distraction. But it can happen. All we have to do to make it happen is teach people the truth about how money functions and then democratize the money supply.

I’m serious, money is the tool the oligarchy uses to enslave us. The only way to free ourselves from their oppression is to change the way the money game is played.

What is money? We are taught to believe that money is a thing. Like a chunk of silver or gold that you possess and trade with others for what they possess. The more chunks you collect, the wealthier you are. But money is not a thing. Money is not real. Money is the symbolic representation of your legal right to use economic value within the jurisdiction of the government that issues the money. Understand. Money is your legal right to do stuff. Without money, you can’t do shit without getting arrested. You hear a lot of propaganda about government handouts and welfare queens and lazy people wanting free stuff. But the truth is, what you are talking about is the basic human right of all citizens to interact with their environment. What kind of a bizarre culture gets all excited and enthused about the right to own a gun but never ever talks about the RIGHT to food and shelter?

Next question; who controls the money supply? Is it democratic or oligarchic? When new money is added to the system, who gets it… where does it go? Do you personally have an open credit line with the Federal Reserve Bank? Of course not. In the last several years, the Federal Reserve has added over 4 trillion dollars to the economic system through a process called quantitative easing. Did you get quantitatively eased? Maybe. The money was used to add liquidity to the stock market and the market blew up like a balloon. If you have made money in the ever rising stock market in recent years, then you did effectively get quantitatively eased. Some people got eased more than others because that is the way the system is designed. It is called trickle down economics…. Capitalism…. Neoliberalism… A rose by any other name. The four trillion dollars was not distributed democratically among the citizens, it was given to large corporations and banks and hedge funds. They were supposed to pass it down through the markets to investors and employees and customers and citizens. And they did, sort of, a little bit.

The fundamentals of money supply are fairly easy to understand but rather difficult to apply. Every jurisdiction has an evolving amount of economic value available. Some value gets used up (food is eaten) and new value is added (food grows). The challenge of money supply is making sure the amount of currency in circulation corresponds to the amount of economic value available. If there is too much money in the system and not enough economic value you will have inflation. In other words, you will need more and more money to use comparatively less economic value. If there is not enough money in the system, the opposite happens. Economic value that is available gets wasted because no one can afford to use it. It is the job of the money supplier to find the perfect balance between the two situations. It is important to understand that money is a tool or mechanism that is used to manage underlying economic value. Money itself has very little real economic value (you can’t eat it but at least paper money will burn to keep you warm, the dots on the computer screen won’t even do that.)

How much is a loaf of bread? How much was a loaf of bread ten years ago? I can remember when a millionaire was considered incredibly wealthy. I have traveled in countries with a whole lot of zeroes on their money. When I was in Zimbabwe once, the exchange rate wasp 5000 to 1 when I arrived and 11,000 to 1 when I left two weeks later. After a while, the extra zeroes no longer mean anything. Chop them off the end or add them to the front. The money itself is not real. It is merely a symbol of your legal rights to use economic value. Since a human being cannot exist within modern society without using economic value, money is really a symbol of your legal right to exist.

Think about that for a while. And then think about all the different prongs of the empire that citizens have to crawl before in order to get enough currency to exist. Corporate slave wages, Unemployment, welfare, social security, disability…. Small Businesses have the same problem… they have to beg for grants or loans from their far away masters. Employees get the trickle down that their bosses had to beg for. Don’t you see. The problem is the money supply. When new money is added to the system, it is given to the wealthy. Politicians tend to argue a lot about the re-distribution of wealth. But what about the distribution of wealth in the first place? We presently have quite literally a trickle down money supply system. The revolution I’m talking about would replace that with a bubble up or bottom up money supply system.

Democratize the money supply. It’s that simple. The revolution is not complicated. It is a straightforward concept. A single demand. Democratize the money supply.

Intellectuals and pundits who theorize about such things sometimes refer to the concept of basic income. Another metaphor one hears from the propaganda box is the social safety net. But such metaphors tend to put the person who receives money into the role of loser or victim who must rely on charity rather than into the role of human who has a right to exist and interact with the environment where they live. In other words, we must replace the concept of welfare with the concept of investment.

Get rid of all the multi pronged social service bureaucracies and replace them with a money supply system that makes sense. All citizens receive the same package of economic rights through a monthly investment from the central bank or government. What is the fair market value of food, shelter, basic healthcare and education? In exchange for the monthly investment package, the citizens agree to pay in taxes 50% of everything they earn by participating in the free market back to the central bank or government. Every citizen gets the same deal. Dynamic economics. The monthly package of economic rights through an investment and the 50% tax on everything they earn. Many people will probably pay back more than they receive, some people will break even and some will probably just live off the monthly investment and not earn anything in the free market. But that is okay. In a world of over consumption, an economic system that does not punish people for choosing to live simply is a good thing. The important thing is that the money continually flows through the system; back and forth; dynamically. From central bank to citizens in monthly investments and from citizens back to the government in the form of taxes. It’s a contract; an agreement that all citizens agree to and all citizens benefit from.

So that’s it in a nut shell. The Revolution. Money or currency flows in a cycle that all citizens have access to instead of trickled downward to the lowly from the powers above.

The Empire will oppose it with the full force of propaganda and maybe even violence because the oligarchs who control the Empire understand the truth about bargaining position and the myth of a free market. The corporate business model is dependent upon a “slave” market… desperate people who will do what they are told because they desperately need money to survive. If citizens have economic rights they have bargaining position. They have the ability to not put up with bullshit from asshole bosses. Who is going to work at Walmart if they don’t have to? The US military is dependent on financial slaves as well. That’s why recruiters target poverty zones. A promising career in the military is a way to escape desperate poverty. If all citizens have economic rights, they wouldn’t be so eager to serve in Imperial wars. No doubt, brave volunteers would defend the homeland against invaders but that’s a whole different thing than going overseas to kill foreigners because it’s a good job or career. The US has not fought a defensive war in my lifetime. They are always on offense.

That’s because we have a linear mechanical economic system that requires continual growth to thrive. The clearest way to add economic value (growth) to a government’s jurisdiction is to take control or conquer the economic value of another jurisdiction. Does the economic system cause imperialism and continuous war or is it merely used as a cover story to explain human behavior? If we change the economic system and remove the underlying incentive for war can we stop lots of wars from happening. I don’t know. But it’s worth a shot.

In the natural world, energy (growth) and entropy (distribution) are always engaged in a dynamic balance. Life is what manifests in between them. The US economic system is fundamentally flawed on the entropy side. If we don’t fix it soon, the whole thing will go down in flames.

I believe in real free markets… not fake ones. A market can’t be free unless all the participants have basic economic rights. The right to interact with the environment and provide for your own needs is really the most essential human right. The government restricts that right by dividing the environment into “owned” pieces and enforcing laws that require payment of currency to owners for the use of the pieces. Accordingly, the government must provide enough currency to each citizen so that they can provide for their basic needs or the government violates the most essential human right and thereby renders itself illegitimate. I want to live in a world where empowered citizens seek and create work that inspires and interests them. I don’t want to live in a world where desperate people have to beg for jobs from corporate masters. In other words, I want a non-violent economic revolution. Would you like to join the cause?

The revolution is not copyrighted, please feel free to share it with anyone and everyone.