Wednesday, September 12, 2018

Satan's Masterpiece: The unrivaled evil of modern monetary policy

But Jesus remained silent and did not answer.  Again the high priest asked him, "Are you the chosen one, the son of the blessed one"?  And Jesus said, "I am, and you will see other enlightened individuals who have secured first hand knowledge of established power coming to shine their light on the dark things established power has done which keeps the perfect world from being realized. For as great flashes of insight become understood around the world, so will be the evolution of humanity".   (Mark 14:61-62 and Matthew 24:27)

Henry Ford Sr. once said, "It is well enough that people of the nation do not understand our banking or monetary system, for if they did, I believe there would be a revolution before tomorrow morning." 

Indeed, every citizen of the world needs to come to understand the truly malevolent design of our grossly immoral and highly ineffective banking and monetary system - the root cause of all senseless human suffering existing in the world today.  Now is the time for universal insight concerning the Universal Basic Income - how and why implementing the Universal Basic Income in the manner described in this essay can fix what ails our current monetary system and why implementation of UBI will lead to an evolution in our humanity.

What is UBI?  Universal Basic Income is a set amount of income given freely to every adult citizen  - enough income to cover the basic necessities of life - food, shelter, clothing, medical care, etc - based on the current minimum acceptable standard of living of any given area in the world. Implementation of UBI should serve as the foundation of a reformed monetary system – a new system which at long last acknowledges the intrinsic value of every human being, regardless of their current situation or station in life.  An enlightened monetary system that fulfills the needs of the people rather than the desires of the wealthy and bankers.

How should UBI be funded?  The only feasible way to perpetually fund UBI will require a simple, elegant change to the world's current monetary system - not just a clever new tax plan.   UBI should primarily be funded by overturning the 'immoral' aspects of the current federal reserve banking system.   Specifically, UBI should become a part of the process by which NEW money is allowed to come into existence – the method by which the money supply is expanded.

To grasp the power and promise of the Universal Basic Income requires a basic understanding of why our current monetary system is an inefficient and grossly immoral system and therefore, quite logically, a system destined to create ever-expanding economic inequality - through debt - which in turn promotes civil unrest, crime, hunger, and war.

Perhaps you have heard the old saying, 'Money doesn't grow on trees'.   True, money doesn't grow on trees, it is instead created out of thin air, by a system known as Fractional Reserve Banking.   Fractional Reserve Banking (and more recently Quantitative Easing) is the primary means by which all NEW money - money that never existed in the world before - comes into existence.   It is this aspect of the monetary system which is intrinsically immoral and must be reformed in order to facilitate the implementation of UBI and advance true economic prosperity and justice in the world.

Under the rules of the current system private lending institutions have been granted the God-like power to create NEW money – money which never existed in the world before. Under the current system NEW money can only be created when people are willing to take on new debt. People borrow newly created money from lending institutions and then spend that money into the economy for whatever purposes they have chosen – thus stimulating and expanding the economies of the world.  However, that NEW money must ultimately be paid back to the bankers - along with interest.  So banking institutions ultimately become the owners and true beneficiaries of all newly created money.  This method for creating new wealth is the primary reason that of the roughly 7 trillion of new wealth created in 2015, 82 percent of that new wealth became the property of one percent of the world's population.

Because this money being created is no longer backed by anything tangible, something of equal value which already exists in the world (like gold) - this money is called fiat money. There is currently no commodity or system which secures the value of this newly created debt money - other than the powers granted Central Banks of the world to serve as the bank of last resort - to create money if necessary.  Several times each year 'The Fed' makes a public show of pretending to be able to keep our monetary system safe and relatively inflation free by announcing what the interest rate shall be for a set period of time.  Since the crash of 2000 that rate has been at or near zero and trillions of FREE money has been introduced into the monetary system through a process called quantitative easing (money just given freely to banks) - definitive proof that the system is not able to be regulated effectively by interest rates alone.

The current system for creating NEW money is immoral because it ensures ever-expanding wealth inequality by creating ever increasing amounts of debt.  The current system provides no way to ever pay off the world's ever expanding debt, since no new money - other than new money created by debt - is allowed to enter the system.

In a fair and just fiat monetary system everyone should be entitled to OWN a share of any NEW monies created through the money creation process – not just bankers.  Rather than allowing NEW money to come into existence only through DEBT owed to a small percentage of individuals, the vast majority of all NEW money should come into existence by way of a Universal Basic Income.  The world population as a whole should be the true beneficiaries of all newly created money – not just bankers.

Implementing UBI will also prove to be the most efficient way to manage and expand the economies of the world. Developed nations do not currently need, nor can they continue to sustain, vast sums of NEW DEBT in order to grow their economies.   Developed nations need populations with adequate and predictable quantities of money to spend - which in turn causes the existing and newly forming industries to prosper and expand globally - ultimately bringing prosperity to the entire world.  

As multi-national corporations, which supply the bulk of the world's essential products and services, become more and more automated the trend will continue to be the loss of good paying jobs world-wide - particularly in highly developed areas of the world.  UBI will serve as the catalyst for another highly beneficial phenomenon which will address the issue of job loss and wage decline.  UBI will facilitate the birth of a much more humane form of capitalism.  Voluntary Capitalism (True Capitalism) will begin to augment and eventually replace the current version of capitalism – which is a form of Forced Capitalism – a form of modern day slavery.    Voluntary Capitalism is capitalism which is financed – not just by bankers – but by UBI. Voluntary Capitalism is born from an individual's desire to provide some unique product or service to the world - but does not require the high degree of financial success currently necessary to sustain 21st century dog eat dog capitalist enterprises.

Consider the millions of family run businesses lost in developed nations in the last century due to an inability to compete with huge multi-national corporations.   Many of these small businesses would still be here today had UBI been able to augment the incomes of those small business owners.   Many people have a strong desire to work for themselves, to be unique independent productive members of society - or to work for a small family owned company.   However, the need to compete with giants while maintaining a 'livable' level of financial success has deprived many of their ability to work in the professions of their choice.  The loss of small family run businesses in the developed world is a cultural tragedy as well as an economic tragedy.   Family run enterprises knit families and communities together and create the ideal atmosphere for raising children blessed with hope and optimism for the future.  UBI will provide the income foundation necessary for anyone to pursue the profession or business of their choice and will restore financial and cultural health to communities.

It is perhaps impossible to list all the benefits of UBI, because the implementation of UBI will alter the very nature of our humanity.  When the life-long struggle to compete with one another just to survive has finally been lifted from the citizens of the world the mental health of the entire world will be greatly impacted for the better. This will inspire more empathy in humanity which in turn will promote the type of cooperation necessary to achieve things currently deemed impossible.  Indeed, even world peace and the elimination of dire poverty, chronic crime and civil unrest will eventually follow the implementation of UBI.

When will UBI be implemented? When grassroots political movements are able to force their governments to act.

Great resistance will be offered by powerful forces to keep UBI from becoming a reality.   Disinformation, fear and force will be utilized to try to stop the implementation of UBI.   UBI will be branded as 'unfeasible' by the ruling banker class through their puppet economists, politicians and corporate media outlets.   Spurious arguments such as, "If UBI is enacted everyone will simply stop working and society will collapse", will be advanced.   

The truth is, it is the rare individual who does not wish to engage in meaningful work throughout their lives and the few text experiments implementing UBI show the vast majority of us hope to prosper well beyond the basic necessities of life that UBI will provide.
Another predominate argument against the implementation of UBI will center around the belief that large injections of cash into economies 'logically' creates runaway inflation.  This argument ignores the fact that all forms of inflation can be regulated out of existence by any government willing to put the brakes on greed based inflation within their economies.   The only 'true' and therefore unavoidable type of inflation is inflation caused by scarcity. 

Fear is the primary driver of all catastrophic inflation - when a population suddenly loses faith in the value of its own currency. Fear will very likely be the weapon of choice in the fight against the implementation of UBI.
The world would be wise to heed the wisdom of Thomas Jefferson when considering any argument advanced by the banking industry and their mouthpieces opposing the implementation of UBI.   In a letter to John Taylor written in 1816 Jefferson wrote, "I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

Money is faith concept.   A nation and world willing to retain faith in the value of its currency can and will work miracles. A Universal Basic Income is a foundational principle of the world as it should be, a second-coming revelation.