Land & Wealth vs. Debt & Promises: The End Game
It is fitting that a series of programs aired on the History Channel in the order they appeared. First, there was a 2 hour documentary on the history of currency and it’s dark side, counterfeiting. This was followed by an hour on silver mines. Then, there was an hour on gold mines. That was the perfect background for this series. The statement that, in 1972, Richard Nixon freed the world from the tyranny of gold, is the perfect example of the arrogance and hypocrisy of human nature. History, filled with the evidence of dead civilisations, tells us that all wealth comes from the ground and was created with the foundation of the world. Every attempt to evade the Creator has the seed of it’s own destruction in it. Will the world acknowledge the lesson of history or collapse in failure again?
You would think that after almost 6,000 years, the world would know right from wrong. Certainly, someone should have acquired the wisdom to avoid repeating the same bad choices. About 3 decades ago, the proposal was made to index the price of oil to the prices of manufactured goods. The concept was not a new idea. Parity pricing has always been a stable and beneficial foundation for any economic structure. Even so, that proposal was rejected. Why any responsible and rational mind would reject such a proposal is unthinkable. Under a parity system, every aspect of economic activity improves. Producers of raw materials, manufacturers of finished goods and end users of those goods all prosper in an honest environment of equitable compensation. The only criticism that parity economics has ever faced is that it hinders the opportunity for the issuers of currencies to lie, cheat and steal.
How does this deliberate cycle of enticement, deception and theft translate to today? We have people who watched their savings leak out of their retirement plans. In self defense, they followed the advice they were given, investing in “emerging markets”. There were no markets. They invested in emerging manufacturing bases. Now they wonder what happened to their jobs. We have people who owe more on their homes than they can sell them for. But, refinancing and adjustable rates were good things, weren’t they? Obviously, the truth, the whole truth and consult your financial advisor before being swindled didn’t come into play, here. This is exactly how the harvesting process has always worked. When will people understand that the world is structured to take everything they have and leave them for dead?Now would be a good time to take stock of the present situation. People believe that the circumstances are good if they can buy things and go places. This is madness. The admissions that are made every day clearly refute the public perception. For months and months, we were told that there wasn’t any serious inflation to be concerned about. Now, we are told that inflationary pressures are expected to moderate by the end of the year. I’m sorry. I missed a transition in there, somewhere. Of course, I’ve been hearing for at least a year, that if diesel fuel prices hit $6/Gal., truckers are going to park their trucks and walk away from the loans. The ones that are worried about making their truck payments have nothing to worry about. The banks have a vested interest in keeping their trucks rolling. We haven’t seen anything yet. With commodities shortages and hyperinflation at the doorstep, the world is learning that paper is not gold and silver.