The Current Economic System

The world economy is today controlled by international bankers with three primary tools of controlling the populace.

• Money production
• Debt
• Interest rates

At the centre of this system are two institutions to which I want you to remember; The World Bank (WB) and the International Monetary Fund (IMF). With money from states and powerful actors like the privately owned Federal Reserve, banks like the WB and IMF lend money to private investors, corporations and governments with interest. This means that later the same amount of money together with a small addition is to be returned to the banks and the Federal Reserve sometime in the future.

This might seem like a fair deal at first, but should also immediately raise the question of how to obtain this additional sum of money. The negligence to answer this question springs open a deadly trap; The only place where money originates legally is within the banks themselves! The obvious conclusion is therefore that there will never be enough money for everyone to pay back their loans.

Because of this more and more money will have to be produced to give new loans. This increase in money will mean that money will progressively lose value. This process is commonly termed inflation. Because of this, money will have to be spent before it becomes worthless.

The poor people, organizations and even states which are unable to pay back their loans will have to sell their assets to survive. This happens all over the world, like recently in Greece. The ones who already possess a greater amount of money, like the bankers who designed the system, can then buy these assets cheaply thus stealing wealth from people, companies and states etc.

This cycle then repeats itself increasingly concentrating the economic resources at the top and also making the resources harder to obtain for those who are already poor. To make matters worse, interest can also be raised for those who have previously failed to repay their debts.

A controlled halt in money production followed by a demand to repay loans, by for example raising interest rates, can therefore cause mass bankruptcy and depression. Historically bankers have been funding both sides in several wars profiting greatly on the misery of millions.[1] On top of this the producers of the hardware of war, such as the military industrial complex, are in need of war to acquire wealth. Something as resource consuming as war is therefore productive and encouraged in this upside-down vile system. This can be allowed no further.

This is the kind of system has been warned about before. It creates a society where the people and the states work to support the economic system and not the other way around. The economic system must always serve us. Anything else is nonsense! Because of this hysteria to gather as much money as possible we end up in a world where as I see it;

• People will work to achieve own gain on the expense of others.
• People will refrain from doing selfless deeds because it harms their economy.
• Scientific discoveries that could be used to improve life are withheld and sold slowly for selfish gain causing countless lives to be lost. (If a medical company cures all patients, how will they get money?)

Even more, this money is created out of thin air out of demand, as long as there is a promise to repay it, and by using a method called Fractional Reserve Banking! Let me explain this further; The banks only need a certain fraction of its deposits at the bank. It's usually about 10%. The remaining 90% can then be loaned out. So if the bank has 10000 units deposited it can lend out 9000. Logically one might think that this number would come from the deposited 10000, but they are not! The 9000 are created on top of the 10000 making them 19000, thus not affecting the bank's reserves. It does not even end here; If these 9000 are once again deposited at the bank in a new account the bank sees this as a new addition and keeps 10% of it in its reserves while 90% or 8100 units can be used for a new loan, which can then be deposited again to create 7290 units, and again creating 6561 units of new money just because there is a demand and a promise to repay. Approximately 9 times the original amount can be created effectively this way.[2]

Another institution which is a major contributor of the harmful status quo is the World Trade Organization (WTO) which allows corporations to patent, buy, control and withhold assets and information[3] that could be put to immediate use saving lives. As with the World Bank and The International Monetary Fund, greater details will be introduced in the doctrine. What can be vital to know at this moment however, is that according to the medical journal "the Lancet", about 6 million children could be saved each year for a practically non-existent cost.[4] There is often no lack of real lack of resources, but artificial scarcity is a byproduct of the system. This has lately been clearly displayed by the happenings and doings of the pharmaceutical industry. They have the power of mass producing medicines, and together with broad human action filled with resolve could in a very short time span eradicate most diseases in the poor world, saving countless lives. But there is no action, because benevolent action of this kind is not encouraged or rewarded by the economic system with hegemony in our world today. Raising prices, leaving the poor and sick stumbling is what is rewarded. So blinded and trapped by the rules of the capitalist system are the people that they do not realize that the door is wide open, and that they are only enslaved by their very own thoughts and the lies and manipulation of a few. Money is fictional, worthless pieces of metal and notes of paper, numbers on a computer screen which, because of an agreement, has the world in its chains. My dear reader, the true power is that of the human will. The time has come to untie the blindfold and step out of the mental prison of the market economy!

[1] https://criminalbankingmonopoly.wordpress.com/2014/02/20/history-of-banking/

[2] Nichols, Dorothy M, Gonczy, Anne Marie L. (eds.) Modern Money Mechanics. Chicago: Federal Reserve Bank of Chicago, 1994 pp. 6-11

[3] How do the WTO, World Bank and IMF work? https://www.youtube.com/watch?v=NQ952ba75Yk

[4] https://www.thelancet.com/journals/lancet/article/PIID0140-6736(05)66777-3/abstract