My description of the monetary crisis--please critique
I wanted to send something to my friends and family which accurately and briefly portrays the coming money crisis to those who are unaware. Please tell me what you think. I value your opinion:
I am genuinely fearful about what lies ahead for my family, for all families, and all the progeny. I am disgusted by the great human injustices which are perpetuated by blatant lies and dastardly misconceptions. There is a great deal of suffering in the world; if there is no recognition of what is our unfortunate reality, we are destined to share in the experiences of the destitute.
I’m not sure if it is ignorance or arrogance which has led to the popular belief that our modern prosperity is something besides fleeting. The wealth we have accumulated as a society is in grave danger but the masses of people who will suffer by the potential downfall continue to relegate themselves to a position of unimportance. It seems that few people care--or perhaps reality is too discomforting--or maybe comprehension of the truth seems unobtainable; for whatever reason, the vast pandemic which surrounds our bountiful existence goes largely unrealized. All great civilizations of the past have fallen hard, but somehow the attitude remains that the happy circumstances given to us by our impressive modern glut will remain or even improve. The sad fact is that the abundance is a result of things which will, necessarily, come to an end. A recognition of the unsustainable sources of our growth is vital if beneficial change is to come about.
There has been a great forceful monetary intervention. To think that humanity has advanced to a point which has given us the elimination of dangerous and pervasive mythologies is naive; it is arrogant to think our knowledge is so grand that the potential for a sudden suffering of the American people, as the result of a sad confusion, is beyond possibility. The fantastic lie which touches nearly every part of our existence is the incredible idea that paper money can lead to a long-lasting and sustainable prosperity. There is no magic in our money. It is nothing but duplicable paper. The great intelligence behind our money lies only in the fact that there are some people who were smart enough to propel the myth that it would be a good idea to give one entity the power to make it. It is with claims of “stability” and promises of never-ending “growth” that this strangeness has been accepted.
Money will be money only as long as it is commonly accepted in exchange for other things of value. The problem with duplicable paper as money is that it has an especially short life. The temptation to make more money in those few who have the ability to create the money is understandably strong. The nature of man leads him to the things which, according to his interpretation of his situation, are likely to benefit him to the greatest degree foreseeable. It cannot be plausibly denied that the people who manipulate and create the money benefit from doing so. The reasons for making more money are plentiful and unceasing if one considers the opinions of the “experts” who are in a position to allocate it. It is the nature of humanity, not a conspiracy, that will lead us to a point at which the money is in such great abundance that it will become meaningless to those who have it. When it is meaningless to those who have it, no one will want it--our tool of trade is at risk and, therefore, so is trade itself.
There have been paper monies throughout history and they have all failed. The U.S. dollar is a special case of paper money because it is used in transactions across our globe to an extent which has been unrealized by any other paper money in history. Our dollar has given us our prosperity because it is almost universally accepted--it can buy anything--everyone wants it. This cannot remain the case in perpetuity. There is a debt which looms and the size of it is almost beyond reasonable comprehension. Debt is a thing which is owed so it is important to realize the way by which it can be paid. The productivity of the citizens of the United States is the collateral to the debt of the United States. It is not politically or practically possible, though, to tax the citizens to great enough of an extent to pay the debt. (The share of each taxpayer is approximately $135,000). The way by which the debt will be paid is through the creation of more money by the Federal Reserve and the consequence is the devaluation of the money (as there becomes more of a thing, the value of each part becomes less). Stated differently, value will be extracted from our money itself in order to pay for the debt. This is an ongoing process; it goes by clever names such as “easing” and if it is carried out to a fuller extent we are doomed to a catastrophic failure. The end of the U.S. Dollar is a certainty; questions regarding its demise should lead with “when” and “how”, not “if”.
It is important to know what makes us prosperous. The division of labor and the specialization of labor, when combined with the resources of Earth, gives us our great abundance. In other words, I do what I do, and you do what you do, and then we trade what we have created. The trade of our productivity gives us what we have because we are unable to produce all things we want through an individual effort. We trade our productivity by using something which has a common value to us all--money. Money naturally replaced barter in human history because it allowed for a measure which would be common to all goods. Money enabled easy exchange. However, money will lose its ability to function if the quantity of it rises to the point at which it becomes so abundant that possession of it is near meaningless. If it becomes meaningless we will be at a temporary but painful loss for something to use when it comes to valuing what we would like to trade.
Money is a tool used for measurement; as a measuring device is altered it becomes less useful in serving its purpose. This is the present danger. I will not want to offer my productivity in exchange for worthless dollars and neither will anyone else (the dollar will no longer be money). And so the catastrophe ensues because we are at a loss to find something of common value with which we are able to trade. Thus, if our money continues on the path of rampant devaluation in order to pay the extraordinary debt we will be less able to use that money to continue to obtain the things of value which have contributed to our wealthy existence and material abundance. We will be unable to get the things we want until a new common medium of exchange comes about. The time between monies is one of desperation--it will be difficult to obtain goods if the means to get them continues to suffer mutilation and manipulation for the benefit of a narrow group. It must be recognized that new money is not dispersed evenly and concurrently amongst its users. Those who get first use of the money benefit from new money, while those who get it last must endure higher prices. The poor are made poorer and the rich are made richer.
It is not necessary, though, to go through such a catastrophe. The things which have caused the debt can be stopped and the printing of bad money can be halted and replaced with a money which is sound and lasting and natural. But the debt-creating wars must end and so must our Federal Reserve (those who now monopolize the market for our money). There is only one mainstream politician who understands the gravity of what is important--Ron Paul. He is the only one with an astute realization of the problem. Obama is not extraordinary, he is only a continuation of the past. The Republicans who’d like to defeat him, with the exception of Ron Paul, have no understanding of the issues which could doom our fruitful lives.
There is a great deal of hope because there is such an enormous and growing contingent of Americans who are beginning to understand the most pressing problems facing our civilization--they share the view that force and violence are not means to a prosperous world and they will shape the future with their extraordinary care. Had the rights and liberty of individuals been upheld and the violent force of imposition and interventionism defeated, then we wouldn’t be in this precarious situation. The common realization of what is just and right and moral is hopefully underway