INSOLVENCY, A quest for real substance

The reality of money

It is unfortunate that we exist in a time where numbers on a computer screen influence the physical world so much. Our world is one in which a person works hard only to receive a garnished salary in the form of credit which can be exchanged for necessary things.

But the credit system is not so bad, because whether it is numbers on a screen, paper notes or minted coins the idea of currency is required for us to properly trade.

Ordinary trade in which we exchange one thing for another thing doesn’t work for a few reasons; sometimes no one wants what you have to trade, or you want to trade and you have nothing to trade with, so an always available trading system needs to be in place and that is the purpose of currency.

Usury begets insolvency

Unfortunately we have all fell victim to the evil “U” word and been swindled out of our hard earned money. Sure we have some pleasant material things and try to keep our heads above water but why are we working so hard to make others so rich.

Most of us are or will become insolvent if we continue following the advice we have all been given. We will end up unable to pay our debts, left feeling inadequate and hopeless in the face of our inevitable poverty.

How did we get here?

From the shadows of despair we are left pondering how we could have avoided such a destructive lifestyle. The truth is that those who enforce and support the current banking system have directed us into this catastrophic end. So long as many benefit from interest dealings no one will agree on its removal.

We are each led by our desires and our collective greed is wholly responsible for our current condition. But the “how we got here?” is not important it’s the “how do we get out of here?” that we all need to focus on.

The business of money

There are things in life that we need such as food, clothing and shelter; in order to have these things we need to have money. Whether we want money or not we need it to get everything else therefore when we hold it in our hand we do not see money but instead we see the things we can buy with it.

People may think that having lots of money makes you wealthier than having lots of belongings because money holds it’s value longer. But the truth is that money only has value because we agree collectively on its value, you would not be able to trade money with someone who didn’t want any. But on the other hand real wealth is in possessions and people will always be willing to trade with something like; food, clothing, etc. All of the essentials that we have are more valuable than money.

The real power of money

Money does not only draw it’s value from being a currency to purchase goods and services, the real value of money lies in it’s ability to create more of itself through interest.

Due to it’s stand alone power, having money has become an end in itself with people wanting only to collect more and more of it. It is amazing that something used as a measure for trading has actually more value than that which it can be traded with.

The value of money is actually dependant on how precious we believe it to be, for example: people could all of a sudden stop trading with money rendering all of the money we hold worthless. BUT on the other hand ACTUAL goods such as food and metals will stay PRECIOUS to mankind as a whole.

It would be great if we could all just trade without money but such a system wont work on a greater scale and only works when both parties have something they want to trade with each other at the same time.

The truth is

Unfortunately there is absolutely no way that we can live without some sort of money system and the people that formed the banks know this and have used it against us all.

Ideally, money itself should serve no purpose except to be used as a measure in exchange for goods and services. This would leave money with no value at all, it would be obvious to see that the real valuable things are the goods and services and money is just a means by which we can exchange something for another thing. Money allows us to purchase something through a suspended trading system (rather than trading only when we have something to trade we can trade in advance with money).

Usury destroys the world

But it is not a perfect world and money has great value because it has been turned into a good. Because of interest, people can make money by lending money, or just by storing money in banks. They are making money out of thin air and doing nothing at all to earn it and that is why money is so valuable.

But if we take away interest, no one would be able to make money from nothing. Everyone would have to work for his or her own money and the harder we all worked the more money we would make.

Traditional money

Traditionally people would store their gold coins and valuables in exchange for paper money. In today’s world money is a number on a screen with no valuables such as gold to back it up. So theoretically if everyone all at once demanded to cash in the money they have in the bank, the banks will not have enough money to hand out as they have been lending us numbers on a screen and receiving real money back from us for the interest that we bare.

The usury suspect

The curse of interest, how do you convince everyone that interest is a bad thing when people are making a living off it? Will people willingly give up making money from nothing just so that other people do not have to pay interest? No way! Those already engulfed in the evil system do not care if they pay interest since they are gaining through it anyway. It is in their best interest to keep the system going.

The only way to convert an interest believing population is to set-up interest free loans and to have everyone stop paying interest on their debts. Everyone will be willing to stop earning interest on their assets and money so long as they never have to pay interest ever again.

So not only do the bankers want to keep the current system but so do so many people.

To change it will only happen if many are on board. There are small communities that have done it and we all should follow suite.

The credit system

The concept of money works just as well with credits on a computer screen. Credits still give you the means to do exactly what money lets you do.

Unfortunately bankers give credit to us for an extra-added interest price and receive our real hard earned money in return.

Minted money

Prior to paper money the proper currency was precious metals such as gold and silver that had been minted into coins by the church and crown. The limited amount of silver and gold kept the economy regular.

Usury was introduced and kept getting outlawed for good reason, but unfortunately it won out and remains here today.

The beginnings of lending

Money lending became a wealthy profession and by use of usury they continued to steal the wealth of others. Goldsmiths and those who owned strongboxes realized that they could charge people to protect their coins and valuables. They did so and issued them with credit notes so that the depositors had something they could trade with amongst themselves.

The goldsmiths knew that not all depositors would ask for their valuables back at once so they used to loan the valuables of their depositors to others for interest.

A complex problem requires a complex solution

As you can see the entire banking system is dependant on the ability of the richest people to make money out of thin air. There is no quick way to remove interest from the system (without getting assassinated that is).

The only hope we have is in the creation and spread of interest-free loans. The youth are our future and they must be educated about the ills of interest and the evolution of money.

To protect future generations from eminent insolvency our children must be educated about the truth of money. People must have a change of heart before they have a change of mind.

It is a complex problem, which needs a complex solution but we can all pitch in by spreading the knowledge that we know and never backing down in our war against usury.

4 thoughts on “INSOLVENCY, A quest for real substance

  1. Reminds me a tad of Ezra Pound’s rant against “Usura,” but by that point he was an anti-Semite with tunnel vision.

    Some valid points here. There’s an idea proffered forth by theorists who view the foundation of modern economies in oil–rather, in calories whether in food or fuel–but we treat it as if the foundation is trade itself. We’ve gotten to the point where we’re trading trade. Meta-ironic shit.

    Gold itself isn’t very valuable. It’s rare, but other things are rarer. It has a few uses in technology and medicine that I’m aware of, but it isn’t (philosophically) better than printed money backed by fractional reserve banking. The fact we’re driven to pathologically collect rare items speaks to the neurotic side of our species, not so much our regulation of small economies.

    I’m accruing student debt as I write. I’m not extremely worried about it and I scoff at people who say it’s best not to attend university period than it is to accrue debt. Ha. Not when you’re born into abject poverty. No, no, not then.

    Interest drives civilization. Interest and beer and salt, historically, with religious ideology to back it up. In the end it makes you wonder what’s so great about being civilized as opposed to its opposite in the first place? I know (or have heard) there’s a passage in the Q’uran that forbids loaning money to others for interest. Morally sound–but financially silly. When our values lie in Westernizing the world in all the most power-centric ways, shifting local hierarchies from kinships to ownerships, from warlords to overlords, from fields to factories, from subsidized poverty to subsidized extravagance, you wonder how historians will remember us and how naive they’ll view our efforts at progress, however well-intentioned and imbalanced.

    1. I think the whole idea of using interest is to keep the progress of trade and economy in suspended animation. I say get rid of interest and evolve morally alongside our money supply. I ask myself how can we as people be civilized when our money system is not? all facets of life need to be righteous so to speak.

      1. That may be true–I’m a humanist, so my morals lie elsewhere, or rather in here–but I study the history of ideas. Our money system is civilized. It’s not moral. There’s always been a difference between the engines of civilization (meaning, simply, urbanity and organization and hierarchy) and the motives of morality. There’s an old saying that goes “civilization is built on vice” or something to that effect.

        That’s why there’s been an undercurrent of disdain for money-lending since time immemorial, even though just about everyone would do it if given the chance of profit. Modern civilization is just so insanely complex that it’s ruthlessly hard to navigate unless you’re born into a class that’s already kept up with the times and sacrificed according to its demands. This is one reason why I sympathize with immigrants to the US.

        I fear there’s a moral economy and there’s a money economy but there’s no way the twain shall meet.

        Happiness studies of wealthy and poor countries interest me. Poor countries can be happier than wealthier countries depending on the fairness and egalitarianism (or some would say limitations on) of their economic practices.

      2. I totally agree with you and also find happiness studies very interesting. I have many close friends who have came to Australia from very poor parts of India and the difference in priorities and what we each consider happiness are fascinating. The poor really have better built hearts.
        I still think that interest is unnecessary and so do many others I’m not so well versed on the subject off my head but check these out.

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