MONEY OR YOUR LIFE
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Chapter Seven
MISUSE OF MONEY
Do not be fooled into believing that anyone is rendering a service
by fooling around with the means of exchange.
When wealth which is created by the exchange of goods and services,
is creamed off, by a mechanism of trading in the means of exchange,
then those who benefit acquire wealth without having made any contribution
to the creation of that wealth.
Goods and services have to be produced or created in order to
be available for exchange in the market place. The wealth thus created
rightly belongs to those who did the creating or the producing and
to those who arranged or organised the creation, the production
and the exchange thereof.
Those latter people we call entrepreneurs, and without their help
there would be no trade and no wealth.
We need to understand, if we possibly can, that when money is made
out of money the means of exchange is being abused.
Let us look into the pay packet. The money in this packet represents
the contribution made by the worker to the creation of the wealth
derived from exchanging the product of his labours in the market
place.
He helped to build a car which will sell in the market place for
twelve thousand pounds.
That twelve thousand pounds must cover the cost of the raw materials
out of which the car is manufactured. It must also cover the cost
of having a factory and all the equipment in that factory needed
to build the car. It must also cover the cost of marketing the car,
designing the car and also a gardener to make the factory look pretty.
But the figure of twelve thousand pounds which makes the creation
of the car a financially viable proposition is also determined by
the value of the pound of which there are twelve thousand.
If some computer whizz kid can make a killing by changing the value
of the pound we must take a fresh new look into the pay packet and
see whether it is still able to purchase the goods and services
needed by the car worker to provide for his family.
He will find that the killing has done two things. The money in
his pay packet has lost some of its purchasing power and the price
of the goods and services he needs for his family will have risen.
The very woof and warp of trade on which the quality of our life
is built, is corrupted and deranged by those who rob us all, through
abuse of that on which we depend for a smooth intercourse of trade.
The scene is set for this malfunction in economics by those who
have usurped the privilege of Government and who create money out
of thin air, issue it as credit and then demand a toll for the use
of this fiction.
As Mayer Amshel Rothschild has told us,and he was the most successful
banker of all time, "Permit me to issue and control the money
of a nation and I care not who makes its laws."
Therefore we know that by allowing the bankers to issue and control
our money supply, we place them outside and above the law, and in
fact above Parliament.
Just ponder the significance of that statement as we make plans
to enter a single common currency issued and controlled by a bank
in Frankfurt.
The money thus brought into existence stands proxy to nothing,
and its value is at best a wild guess. It inspires the gambling
instinct and the gaming houses of the world - the money markets
- it bleeds away the wealth of honest toil into the pockets of the
idle speculator.
This can get so bad that the car worker becomes desperate enough
to ask for a rise in pay so that he can remain financially viable.
He is at once accused of creating inflationary pressure. This
is unjust to say the least, because it is inflationary pressure
created by the computer whizz kid which has made the car worker
desperate enough to try and stay alive.
The girl is raped and then the girl is accused of seducing the
rapist. Same phenomenon, the victim of abuse is labelled the guilty
party.
The practice of making money make money corrupts the value of
money and impedes trade.
Let us confront this as it actually happens.
We take on trust the idea that a barrel of oil is worth £10.
This is important to us because it partly determines the cost of
putting petrol in the pump at the garage and the cost of a gallon
of petrol when we fill the petrol tank in our car. Let us leave
aside the tax on petrol for a moment.
Meanwhile in the money market someone takes a gamble and buys
some of our money.
He will then sell this money to someone else at a profit.
The profit may only be a half penny in the pound, but he may have
bought millions or even billions of pounds and sold them. The half
pennies mount up and come to thousands of pounds. Thus this money
maker rakes in say £100,000 on one deal and because he put
nothing back into the national kitty in the form of goods and services
the value of money in circulation is changed in direct proportion
to the size of the deal.
His activity alters the value of money and thus trust in the value
of money is undermined.
The net result will be that we shall need a little bit more money
to put that petrol into our motor car.
The value of money has been corrupted by misuse, the means of
exchange has been jeopardised. The free flow of trade is thus impeded
and the creation of wealth suffers. In consequence the quality of
our lives suffers. We are all a little poorer than we would have
been if someone had not been milking wealth from the nation by trading
in money.
Of course you can say that this is an oversimplification of what
happens. I quite agree.
What actually happens becomes so complex that it is impossible
to see what is happening. And this is why it continues to happen.
Not even those who partake in this activity can read through the
complexity of what is happening, to see, that in fact they rob their
fellow men by trading in money.
The complexity of economics as currently practised is so great,
that anyone who gets rich can come to be regarded with suspicion.
In other words we lose the ability to discern the difference between
a money maker and an entrepreneur.
People forget that wealth is created by human endeavour. For any
endeavour to survive it must be financially viable. In other words
the enterprise must make more that it spends.
Any enterprise which does not make a profit will not survive and
create wealth. It will vanish unless it is a charity and a charity
is not permitted to make a profit.
Unfortunately the word profit has become a dirty word and is equated
with greed and thus the subject of economics can become absurd.
It becomes insane and economists come to believe that you motivate
the creation of wealth by creating want.
If things get tight enough people will get desperate and work
for practically nothing in order to eat. So you cut their wages
to increase production. You do this by taxing their earnings so
that the harder they work the more you rob from their pay packet.
But it gets worse, because unless someone can buy that which the
worker creates there can be no trade. Thus you give away the money
you rob from the pay packet, for someone else to spend, and you
devise an economy which depends for its continuation on a leisured
class who are not allowed to work. They must spend their time finding
ways and means of spending money to create the demand for the goods
and services provided by those allowed to work.
You may think I am being cynical. The existing economic set up
is enough to make anyone cynical. But take a look for yourself and
see just how accurate is this book.
An entrepreneur arranges and organises the creation or production
of goods and services and is thus the mastermind in creating the
nations wealth. If he does his job too well and earns enough money
in the process he is regarded as a criminal. That is crazy.
The money maker on the other hand whose activity is entirely parasitic
is regarded by everyone with envy and is thought to be very clever.
He receives the highest accolade of our present society and our
best brains seek to follow in his footsteps.
If you get even the tiniest glimpse of the truth of this chapter
you will see that this book is going to rock somebody's boat very
badly.
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