British Association for Monetary Reform
  • Home
  •  

  • 2007 Articles
  • 2006 Articles
  • 2005 Articles
  • 2004 Articles
  • 2003 Articles
  •  

  • The Money Text Book
  • Money or Your Life
  •  

     

     

    « Back to Index

    CARING FOR OUR OLD FOLK

    If we were able to see that we are actually robbing the old people who live amongst us, we should also be able to see that we ourselves are being robbed.

    When money loses its value, the value does not simply evaporate, the value is stolen and we fail to see how this is done.

    Leaving aside the Great Train Robbery, Enron and WorldCom where the robbers are honest enough to get themselves caught, we turn a blind eye to the robbers who make it a highly respected profession, trading on the Stock Exchange, where they cream off about 50% of the wealth created by those of us who work.

    If you saw the truth of this and realised that you devote 50% of your life's earnings to the money men, you would know at once that you would not tolerate such dishonesty if you could see it.

    But what you can see is your life savings quietly disappearing into a black hole.

    Nobody seems to be to blame. And if you ask any awkward questions you will be told that the fault is yours for living so long.

    You will be told, we cannot afford to have so many old people.

    It would be very much better and far more accurate if you said to yourself, "If I have any genuine concern for my own welfare when I retire, I must restore to this civilisation the survival potential of being honest."

    That means in my language introducing ethics into economics.

    Economics today is not what you would believe it to be.

    Economics should be to do with the production and distribution of the goods and services we all need for our survival.

    But that has been changed and is now the marketing of goods and services for the optimum benefit of the producer.

    You and I are now cannon fodder in commercial warfare. And when we grow old we become unusable as cannon fodder.

    True economics is fair trading, using money as the means of exchange.

    Crooked economics is commercial warfare, which uses debt as a means of exchange and in which dishonesty is a liability.

    If we are wise we shall correct what is wrong before we join the discarded.