2020 Money
Posted by Orrin Woodward on March 26, 2020
The Midas touch of the Financial Matrix proclaims it can turn debt into money. In reality, however, this so called debt-money creates inflation and an unnatural scarcity of money because interest money must be paid on the debts, but no money was created to pay the interest. This, not surprisingly, causes an imbalance between the amount of debt money created and the amount of debt money owed. In consequence, the people, companies, and governments must seek further debt, which leads to higher inflation and an even more unstable money supply as the gap between debt money owed and debt money created is exacerbated. The Financial Matrix has hijacked the world’s money supply, creating a perverse game of musical chairs, a monetary game where debt owed always outruns the money supply, until the exhausted and broke people can no longer service the debt. Another fraudulent boom that always goes bust.
Indeed, George Santayana, the profound American philosopher said it best, “The only thing we learn from history is that we do not learn from history. “ The modern world must learn this lesson – the boom/bust cycles will repeat with even greater devastation, unless debt is rejected as an illegitimate source for society’s money due to its inherently unstable nature.
Debt, in point of fact, is the least stable of all potential monies, for it can be created and destroyed with a simple ledger entry, adding or subtracting to society’s total debt load. In other words, the instability caused by the boom/bust cycle is directly attributable to the instability inherent within the debt-money system. The modern money curse simply cannot end until society refuses to allow the Financial Matrix to casts its debt spells any longer. The failure of our modern economy, in turn, is not a failure of free markets as the communist allege, but rather a failure to demand free market money in the highly centralized cartel banking system, aka the Financial Matrix.
Perhaps 2020 is the year Americans learn the lesson and demand a return to legitimate money, a money which cannot be easily created nor destroyed, and thus have a stable money supply. Bitcoin, Gold, or Silver, could all work because they meet the three functions of real money, namely, 1) a convenient medium of exchange, 2) a consistent measure of value, and 3) a safe store of value. Debt, in contrast, only met the first function but wholly failed the other two and is thus disqualified as legitimate money. Only when our money meets all three criteria can entrepreneurs in a free market enjoy the challenges, the risks, and the rewards of creation, creations that bless society with better products, lower prices, and an increased quality of life, without the fear of another boom/bust cycle hanging over them like Damocles’ sword.
5 Responses to “2020 Money”
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Timothy Kern said
Great thoughts Orrin. Now more than ever as we see how the government tries to stimulate a struggling economy do we see your thoughts coming true.
The only bullet the government has to try and help is print more money. As you’ve said and we have seen, that eventually catches up with us and a day of reckoning will come.
Thank you for keeping the message in front of us. Appreciate all you and Laurie do.
Fr. Mark Lichtenstein said
With a total count of US dollars currently at ~19 Trillion, adding a 2 Trillion stimulus package is a theft of ~10% of the value of any “cash” that anyone has sitting around. Where is the outcry? I might qualify for a check under this program, but it will only partly make up for the theft of value on my financial fitness plan emergency funds!
I’m glad you are writing about getting back to sound money and away from money built on theft and fraud.
Olivier Jean-Baptiste said
Hi Orrin
Thanks for keeping us alerted…
This long quote is taken from an essay written between 1552 and 1553 by La Boétie and yet if we replace the word “Tyrants” by the term Financial Matrix it still apply to today’s current state of affaire. Indeed debt money will create inflation which is a hidden tax in the future. So what looks to be a stimulus to the economy NOW will be like adding fuel to the fire NOW and expecting the flames not to incinerate the finical house later. Unfortunately, while it will be at the expense of the many but it will be a the benefit of the few. As you pointed out, equally regrettable is the fact the free market principles will get blame for it while the very policy that are implemented are the causes of our demise and not sound economic principles . As eloquently stated by Bastiat:
“They demande only one thing—that our doctrine, which they hold to be true, should remain relegated to books, and that their principle, which they acknowledge to be vicious, should reign paramount in practical legislation.”
And now here is the quote from La Boétie:
“Tyran would distribute largess, a bushel of wheat , a gallon of win, and a sesterce: and then everybody would shamelessly cry “Long live the king!”
The fools did not realized that they were merely recovering a portion of their own property , and that their ruler could not have given them what they were receiving without having first taken it from them.”
Étienne de La Boétie.
The Politics of Obedience
( The Discoures of Voluntary Servitude)
David Hass said
Agreed. Assets better than holding cash, except during bust, when Assets can’t move or liquidate well. Cash is liquid to pay bills. Gold backed currency would be a dream one day maybe will happen again. Cycle of Democracy may have to bring us there. Lol
Andrew Kosowski said
I am greatly stressed by the actions of our government. They act like they just had this money sitting around, waiting to use it when something goes wrong.
We should all know or learn this, any time more debt is created, the money we have in our accounts will lose more value.
It is a sad reality for our kids and grand-kids. They will either have to clean up this mess or get crushed by it.