Banks need Boundaries! Banken in die Schranken!

Petition:
Banks need Boundaries!

"Democracy is a farce without democratic money!" (covering letter to our petition)

"Permit me to issue and control the money of a nation and I care not who makes the laws." (attributed to Mayer Amschel Rothschild)

You may have heard the phrase "The president's job is not to wield power but to draw attention away from it." (Adams)

Our current system of money creation is very powerful, and a huge danger to democracy.

"The Media focusses on politicians, not on banks who create the money – a power that was never handed to them officially. Banks cause destructive bubbles and harm small business. We must end this illegitimate, unaccountable concentration of power and strengthen the Sovereign. Money should be controlled by the many, not by a few people at the top, acting in their own short-term interest. The financial crisis has shown how severe the consequences of this situation (which still hasn't been fixed!) can be. There's no reason banks should have more purchasing power than the government. This hurts society in many ways. We didn't ask for this, it shouldn't have happened, and it's possible for us to get together and put it right."
- Adapted from Positive Money's exposé on Democracy

Working backwards from THE WILL OF THE PEOPLE, it can be tested whether or not we have democracy.[1] And the government? Minister means "servant"! Who are they serving? Actions speak louder than words.

If the people ruled, there'd be some connection from the smallest unit to the Big Picture. Nature uses this system in ferns: the shape of an individual leaf is repeated in the branch as a whole. In our system of government, the bond gets broken somewhere along the way.

A veto[2], is one way to kill the connection.

Another is distraction. The Romans called it panem et circensis, we make do with Panem.[3] Great if you want to lead people over a cliff without too much embarrassment about the emperor's new clothes.

One thing that people seem to crave is stability. We don't like turmoil, blood in the streets. But to banks and other investors, it's a great opportunity to go shopping. This isn't all bad, but speculation must be separate from money creation!

Another big item on the people's wish-list: environmental protection. Creating our own money supply and then helping others do the same can heal our fatal fixation on growth. (See Environment.) "You can never get enough of what you don't need."

In short: if money creation is the spanner in the works – let's remove it! Trying to change the shadow does nothing to affect the body casting it.[4] How to approach the shadow directly? We believe: money creation! "Give me a lever and a place to stand and I will move the earth." (Archimedes)

Archimedes

 

Take Transaction Tax. Most people who are even vaguely informed about modern trading systems have considered this, see Transaction Tax. We feel it's better to focus on creating a kind of money that is by nature separate from all investments. Either it's money, or it's an investment (no need for fuzzy-boundaries M0, M1, and all that claptrap). However, if the people want Transaction Tax, and even politicians have been promising it for decades – why isn't it happening?

In addition to the 'broken fern connection' (see above), people can be divided and conquered. Blaming foreigners, or someone who likes a different football team (also above, under "distraction").[5] Once that takes a backseat to "self-determination of all people," it's hard to get "institutions that are not democratically legitimized (...) rejected" (from our petition).

Globalisation is another fake target for wannabe radicals. What does that word even mean? I forget who said “Workers of the world unite!”– probably a communist (very bad). Jokes aside: Marx was pro-globalisation, QED. Isn't it remarkable: Big business wins right off the bat by owning the exit! This is called controlling the frame. What's called globalisation is a very specific kind of global integration, cherry picking, playing regions off against each other. Sun Tzu would love it[6], taking the opportunity to privatise Portuguese water, that sort of thing...

...and of course Greece, where the paymasters of the political class currently dominating Germany (mostly German banks, owned by faceless investors via corporations, maybe even Greeks!) are happily giving all sorts of useful hints, except the one that matters: our money supply has been privatised[7] – and that it's mathematically impossible to pay off debts without reducing the money supply!

From our petition: It's a waste of time to debate monetary policy without taking into account how money is created.
See also How money is created.

 

The good news:
It isn't all bad news that our political system tends to align with existing power. This means that if the PEOPLE were to demonstrate real power, things would turn in their favour. This may involve getting up from our chairs. As soon as the people rise up and show some oomph, the likes of Chancellor Merkel will turn in a flash![8] In other words, she serves whatever she perceives to be the greatest power, and at present that happens to be massive concentration of private wealth. That isn't set in stone. Indeed it has improved steadily throughout history. But it never happens without popular support. Even Martin Luther King's big movement would have been impossible without prior build-up from the grass-roots. Apologies to Dr. King for mentioning him alongside the "courtesan of Europe's wealthy!" (Oskar Lafontaine).

There is no evil force working against mankind to keep us enslaved. It's just us, trying to work things out, making a mistake here and there. We needn't genetically modify each other to eliminate greed – only find a new framework in which the 'bewildered herd' can go about its business. A more level playing field where the rules themselves aren't rigged to help those who already have a head start.

More good news: it can be done! Plenty of really smart people dedicated much of their working lives to feasible solutions, and then took the time to spell it out for us in plain English.[9] Look, and you'll find them.

It's time for a new separation of church and state ... separate the state from the business-church!

"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has." (Margaret Mead)


by Michael K for Banks need Boundaries!

 


  1. Compare (a) what people want, with (b) what actually happens, see Noam Chomsky Interview: "About 70% of the population is essentially disenfranchised. The lower 70% of wealth and income ... their attitudes have no influence on policy."
  2. Pronounced vee-to, as in Vito Corleone. Apart from the veto in the UN security council (held by five of the world's largest arms dealers), we also suffer from a quasi-Veto (Schäuble nips new regulation in the bud by writing a letter), and the de-facto veto of capital flight, punishing any country enacting laws that business deems impractical.
  3. Hunger Games – a popular book and movie series. The kind of product you marvel at as a kid, and – like the admittedly-slow author of these texts in the case of ALIENS – notice 20 yrs. later there was some hidden social criticism. This is relevant when exploring money creation: movies are rarely made with "own" money. To finance is to influence. Al Pacino: "The worse the script, the more money they'll give you.."
  4. "As long as politics is the shadow cast on society by big business, the attenuation of the shadow will not change the substance." John Dewey.
  5. Nothing against sports – especially to keep fit and live to see a better system. Spectator sports, however, are another matter entirely. Very unproductive use of resources, and paid for with pre-tax dollars, see Corporations, advertising, INFORMATION.
  6. But he'd also love well-organised resistance.
  7. Privatise comes from the Latin word privare, which means to "deprive, rob, free" – hint, hint.
  8. «Whenever a great force assembles to face Merkel, she just turns around and says "They are behind me."» (Volker Pispers)
  9. Quite often continuing their work past retirement age. See Unemployment, GOOD Unemployment "We all want to work..."
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