[GJM] Sutainable Banking!

[Steve Consilvio]

Sustainable is a fancy word for making it sound like you are doing  
something new, but in fact are trying to preserve the status quo.  It  
is a response to a failing system, by suggesting that the best fix is  
to keep the failing system running.  (God forbid you change  
something, eh?)  If all the debtors go broke, then the banks will go  
broke with them.  Which is to say, that if they blow all the savings  
that people gave them to hold, then nobody will trust them anymore.   
They need to sustain their middle-man role in the predator-prey  
relationship, which means everybody else must sustain theirs.

Ironically, Robert Morris was right when he set up this ponzi scheme  
200+ years ago.  There should only be one bank.  Competing banks  
multiply the problems with currency and destroy its value  
(inflation,) since now everyone is involved in manipulating their  
currency, rather than actually using it.  Of course, how we use the  
currency is still the real problem.  Banks have no interest in  
reform, the current system suits them just fine.  There is no easier  
way to get rich than massaging the numbers, and using other people's  
money to do so.  Similarly, a capitalist believes that goods can only  
flow if a currency is attached to it, and the accounting system we  
use is as unalterable as the sunrise.  :-)  Both believe that the  
world would end if the government did not issue currency.  And most  
(all) reformers share a similar belief about money.

We would think it insane if medical researchers spent their time  
trying to perfect a disease, but not so with economists.  Instead of  
lead they use numbers, but the alchemy is the same as it always was.   
People do not "own" money; it is a government created and regulated  
commodity.

-steve


On Oct 6, 2007, at 2:00 PM, discussion- 
request at globaljusticemovement.net wrote:

>       It appears that certain banks take a "serious"
> interest in sustainability. Presumably, they must
> benefit from it in some way.

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