[GJM] Ron Paul's Address: Comment by Wallace Klinck e national currencies

[marguerite hampton]

 Thanks, Marguerite.  Rep. Paul's address at least advocates a  

reversal of the current outrageous U.S. military adventures,  

especially in the Middle East.  He obviously has a blind spot re the  

existing monetary system--seeming to think that an economic and  

financial crisis might be averted by reduced military expenditures.    

He does not seem to understand that the existing monetary system  

becomes evermore non-self-liquidating and more dependent upon  

expansion through superflous, wasteful and ultimately destructive  

production in order that financial incomes may be created and  

dispersed simply to facilitate consumption of past production for  

which the capital-intensifying (good in itself) economy becomes  

increasingly incapable of generating sufficient financial income to  

claim.  Every attempt to make the economy more physically efficient  

by increasing the capital component of financial cost makes the  

financial costing or price-system more non- self-liquidating and  

dependent upon the expansion of debt (bank loans):  every attempt to  

correct the problem of ballooning debt by cutting back on the  

creation of new money issued as debt throws the physical production  

system into slow-down and reversal, leading reduced financial income  

flowing to the community, diminished production with increasing  

"unemployment" reduced generation of financial income.  This leads to  

bankruptcy and foreclosures by the banking institutions  due to  

inability of the public to service past debts.  It is the difference  

between being shot or boiled in oil. The only appropriate measure to  

correct this situation is always to balance total consumer income  

with the total of financial costs of consumer goods generated by  

industry within each cycle of production.  This requires new money  

for consumption issued not as debt, as at present,  within the  

existing financial costing system--but new consumption credits issued  

from outside the existing financial price-system, without debt and  

directly for consumption--by means of a Consumer Dividend and the  

Compensation of Prices at point of retail.  Unfortunately, long  

brainwashing has made so many people recoil in horror and outrage at  

the thought of anyone, certainly their neighbors, getting anything  

"for nothing."  (Although not too many would object to winning a  

lottery!)  Although dynamic and instantaneous distribution occurs in  

nature apparently humans are to enjoy the fruits of their current  

labours only after engaging in a whole new cycle of production.  So,  

when a worm encounters a morsel does it freeze with guilt, resolving  

to abstain until it seeks some new activity in order to "justify" its  

current consumption.  Only humans, it seems can be so utterly stupid--  

so damnably bottomlessly mindless!  We are a strange lot--having the  

capacity to work absolute wonders of creativity and noble action--  

only to turn right around and destroy the good we have wrought.  Are  

we genetically programmed to self destruct?  (Of course I don't  

really believe this--we, "A" and "B", have just been cunningly  

programmed psychologically unconsciously to think and act perversely  

in the interests of "C.")  What can be done to break thsis e general  

state of hypnosis? 

  

Sincerely 

Wally 



eco comments: 



Thanks Wally -- this is why I feel the only thing strong enough to

reverse the financial bind we are in is an economic collapse 

coupled with an ecological one.  And, it looks as if this is the

direction in which we are headed.  

 

The challenge this presents will require that we delink from the 

national currencies and create local and regional currencies 

which serve to retain local wealth in the community rather than 

have it siphoned off and aggregated in the hands of the elite few.

These currencies will also be interest free and give control back 

to the individual and the community where it can be used 

"appropriately" to create sustainable living.  

 

The chaos we have created will also give rise to new and more

appropriate technologies which can be controlled at the community

level.  



It is my feeling that the economic crisis will be so severe that doubts

arise as to whether or not there will ever be an "economic recovery" --

at least one that allows a return to the "old or present" system.  IMHO

we should be looking at the situation we are in  as a blessing in that 

it creates the opportunity to design a new system that works for all of

us while it eliminates war, faminines, etc. and holds promise for a 

peaceful path. 



I am holding the field for the full potential of this event to unfold in the
best

interests of all concerned. 



Wallace you sent me a bio as requested, and I shall post it ASAP as I am 

in overwhelm at the present.