Economic Possibilities Without Financial Limitations

By Muriel Mobley

The present state of technology makes it possible for every human being on the planet at present population levels to be clothed, housed, fed, and medically cared for without undue human labor, environmental pollution, and depletion of natural resources.

If the above statement is a desirable condition as is so often rhetorically advocated by religious and political ideologues, why is it not an achieved condition?

Either the statement is false or the ideology is merely a rhetorical mask for other agendas.

The most casual observation of present society and culture shows that the use of natural resources and labor is far less than optimum. In fact, the limitations are not human or material. The limitations are financial limitations - a lack of money.

The limits of money are determined by policy. In fact, any amount of money can be created by touching computer buttons.

Why is there a shortage of money? Why is virtually every governmental body, corporation, and individual in debt?

The answer is so short is it banal. It is debt money.

Almost all money is issued as interest bearing debt. There is never enough money to pay off debt because the debt money system creates more debt than money. Debt grows exponentially as futile payment and borrowing continue.

The exponential growth of debt coincident with the formation of England's central bank, the Bank of England, was shown in An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations by William Playfair, published in 1805. Three centuries after the formation of the Bank of England and nearly two centuries after the publication of Playfair's work, academic economists are in pathological denial of the facts. They have been educated beyond their ability to assimilate real data in real time and then think and reason. They perpetuate their learned beliefs from generation to generation. What is to be expected of the brainwashed? After all, it took the Pope three and one half centuries to admit that Galileo was right. Economists are not different; they believe what they have been taught to believe. They believe it in the absence of real data, in spite of real data, and after repeated failure of their theories. For such nonsense, they are awarded Nobel Prizes. They are credentialled misinformers.

The exponential growth of debt and the necessary exponential growth of borrowing creates a spiral of inflation. Just as one cannot outrun one's shadow, one can never catch up with the growth of debt.

The chronic shortage of money creates a climate of competiton for the scarce money. It is a marvel of human doublethink that there can be winners without losers in competition. It is a failure of human compassion that winners are exalted and losers are dehumanized.

It is a failure of human intellect to understand that in a scarce money system less is left to divide up whenever anyone gets more.

Is it any wonder, then, that the world is an armed camp of murderers and plunderers? Governments have murdered more than two hundred million people, including battle deaths, in the Twentieth Century. Revolutionaries, terrorists, and other government wannabes have run the total number even higher. Governments have stolen inestimable amounts of property by taxation and destroyed inestimable amounts of property by war.

Is it any wonder, then, that millions of children starve to death annually, and that they are continuously denied food unless someone provides the money to buy the food to feed them. They are denied food because of monetary policy. Policy can be changed.

At the same time children are starving, athletes are paid deca-megadollars for the useless activity of handling, catching, or striking balls. Some of them are paid more deca-megadollars to advertise products that exploit disadvantaged children with products made by child labor.

Is it any wonder, then, that portable property is never safe? Is it any wonder, then, that even mininal property owners cry for more police protection and loss of freedom in the vain hope of protecting what little they have?

Is it any wonder, then, that people turn to drugs, gurus, rock music, sports, television, movies, sex, romance novels, and all other mind-numbing distractions from the real world?

The defects of the money system have led to many suggested solutions. Some suggestions are futuristic and forward looking. Others appear to be little more than the addition of another thing-a-ma-jig to be added to the current Rube Goldberg, dysfunctional debt contraption. Some look backward to already failed systems such as gold based money.

Gold based money systems of the last three hundred years have been merely variations of a debt money system that used gold as fractional reserves.

Links to interesting and creative sites follow. It is suggested that three things must be kept in mind in studying and formulating possible remedies:

• The mathematical premise that systems of variables cannot be made stable without controlling all variables.
• Nothing can be accomplished without political power and the acquiesence of a sufficiently large population base.
• Money is a man-created thing that is subject to cause and effect relationships as surely as more material things.

POSSIBILITY LINKS

Social Credit School of Studies	Truth in Money
Coalition to Reform Money	Technocracy
Ithaca Hours	Venus Project