What is truth?

Posts tagged ‘Wealth’

What Is The Value Of Money?

Money we all know is a medium of exchange Buyers and sellers relate to each other through money The question here is – what is the value of money? Few say money is the root of all evil Many say money is the root of prosperity And how valuable is money Almost everything is measured by money People go to work everyday because of money Wealth of individuals is measured by money

All purchases and transactions are made by money Every country has a name for its own money The importance of some countries In based on the value of their money What is the value of money?

The rise and fall of foreign exchange Is used to measure the value of money Success to many is also measured by money Corporate positions are measured by money There are some people who marry for money What is the value of money? To many, money is everything You cannot get many things done without money Many have pondered and contemplated to ask Can human beings live without money?

Then, how shall we determine and decide The prices of individuals and materials Differences between the rich and the poor Are calculated in monetary terms The power bestowed by money Seems bigger than imagined

Julius Babarinsa

something has to change (By David McWilliams)

By David McWilliams

Did you know 47 million Americans live under the poverty line and that figure has risen every year for the past four years? There are more Americans in poverty than at any other time during the past 52 years.

What about the fact there are the same amount of jobs in total in the US economy today as there were in 2000, and yet the population is 38 million larger? These are significant figures because the US economy is not creating jobs and, without jobs, these figures get worse. If they get worse, something will give.

Maybe the rise in US poverty is the reason why extremely rich Americans like Warren Buffett are imploring US President Barack Obama to tax the rich more. Maybe Mr Buffet reckons it is better to give away a bit of wealth now, than all of it in a massive political change later. We see the same thing in France, where the very rich are arguing to be taxed more.

full article at source: http://www.davidmcwilliams.ie/2011/09/21/world-is-on-the-edge-and-something-has-to-change?utm_source=WebsiteSubscribers&utm_campaign=275fecfcfb-Weekly_Roundup_10_August_2011&utm_medium=email

Understanding Social Credit


Chris sent in this excelent article By Wallace Klinch

 Understanding Social Credit:

Social Credit does not regard money as a commodity.  Nor can money create anything.  Only energy applied to material can transform the latter into useful or desired forms.  Money is a mere abstraction in the sense that in its ideal form it is merely a means of accountancy.  Nor does Social Credit regard money in the modern industrial world as primarily a means of “exchange” which definition applied essentially to the primitive economy of hand-to-hand production.  In the modernizing capital (i.e., “tool”) intensive economy “money” should be recognized as essentially and increasingly a means, or mechanism, of distribution as technology replaces human energy as a factor of production.  It is merely a claim “ticket” for wealth pouring out of production facilities employing ever fewer workers.  This is all a matter of accountancy adjustments in an economy based upon financial credit properly reflecting real credit, i.e,. the ability to deliver goods and services as, when and where required or desired.  Nor does Social Credit regard “money” as a “store of value.”  Material wealth spoils, rusts, corrodes, deteriorates, wears, depreciates and obsolesces over time.  If one saves his/her money the use of the wealth by which it was distributed is forgone to fade away as does an image in ripples when a pebble is cast upon the water.  Money is accountancy, i.e., information transfer.  People cannot live on an abstraction.   Humans should have immediate access to the outflow of actual consumer goods from the production line.  For humans there is only one moment of time, i.e., the present instant.  That is the nature and meaning of Life.  Consumer income not spent represents goods unclaimed and production costs unliquidated.  Any saving of income directed to production of new wealth creates additional new financial costs aggravating the inherent accountancy flaw that leaves unliquidated industrial financial costs.  The real (physical) costs of production are fully met as production takes places and completed goods are fully paid for at that time in the physical sense.  Douglas was quite specific in saying that all new production must be financed by new credit and he provided the mechanism by which the inflationary effect of such credit expansion would be nullified.  In a Social Credit dispensation “money” would be issued at the rate of production and cancelled at the rate of consumption.  This is all mere accountancy, an area in which Douglas obviously had much expertise.– which he was exercising when called by the Royal Aircraft Works to sort out the accounting muddle into which that plant had fallen.

That the present unworkable financial system would become exploited and distorted by various fraudulent “Ponzi” schemes, etc. is entirely to be expected.  When financial costs cannot be liquidated and the problem accelerates with every advance in production efficiency all manner of dishonest and unsound activities are almost certainly to arise.  People have an natural survival instinct and when threatened with insecurity it sometimes takes extreme forms.  This all has nothing whatsoever to do with a functioning Social Credit economy and one must guard against allowing oneself to be confused by such schemes and manipulations.  We should not become preoccupied with looking out into this distorted and injured world but rather to looking back to visualize the properly functioning financial economy that Social Credit offers and perfecting our understanding of Douglas’s analysis and proposals.  We need clarity of vision, not corruption and confusion  of our thought processes. The existing system is in my opinion the dispensation of the Anti-christ.  Why would we want to wallow around in it.  Sufficient unto the day is the evil thereof.  Surely we should get our priorities right.

Joe is quite correct and focussed.  The central problem is a clearly discernible fatal error in financial cost accountancy which causes an increasing shortage of cost-liquidating consumer income–which shortage is countered only by increasing obligations against the future, i.e., financial debt.  We can admit that less than admirable motives are extant in our world.  But Douglas was not convinced by a simple ascribing of evil to “original sin.”  He warned against transferring blame from the financial system itself to the mores of the people.  This is the ruse of the Puritan and ensures that no solution is ever attainable for a problem–a thoroughly satisfactory situation for those who have a vested interest in the existing financial order.    If people exhibit negative forms of behaviour because they are increasingly harassed and annoyed, Douglas said that surely this should be good reason for stopping the annoyance.  Social Credit does not seek to change human nature (which we did not create) but to provide to it an environment wherein the best traits rather than the worst are allowed to emerge and flourish.  What is the incentive to super-acquisitiveness of either wealth or power when one is provided absolute economic security –which Douglas said was the basis of the new civilization that Social Credit would engender, the exact evolution of which we cannot predict with certainty but only wait to visualize as it unfolds.

What Is Wealth?

Sent to me today

 Wealth: it is a social/spiritual thing stupid.

According to the monetary theory of E.C. Riegel the true backing for all wealth is active labour operating in real time.

To Buckminster Fuller wealth is controlled time to freely act comprehensively in tune with synergetic Universe.

The classic definition of wealth is based on value and this value is defined and quantified by ability to exchange. However If you are not interested in “classic” economics, you do not care if the values you seek are exchangeable. Thus a mother’s love is highly valuable, but is not exchangeable and therefore is not in the GDP numbers. Yet try living in a society without such love. To a philosopher the supreme value might be the wisdom of truth. But again such truth may have no economic value if folks do not want it in exchange. But try administering a civilization for millennia without such wisdom and you realize how important it is.

This is the crux of the issue with regard to wealth. By wealth most folk mean stuff that will be exchanged but in actual fact some of the most valuable things in life are “free” i.e. health, freedom, air, sun-light, love, environment, ethical values and the rule of Law.

To incorporate “uneconomic” wealth into our zeitgeist as to what “real” wealth is, western society must start changing its economic consciousness. If the “western tradition” does not modify its manner of money “wealth” accounting the world will continue to be trapped in cycles of recession and depression and war. I believe in the importance of assisting in this task.

Why do we need to redefine our concept of money? Money through overt conditioning has become the only acceptable medium of exchange. Old systems of exchange through barter have fallen by the wayside. Unfortunately today we have boundless resources of wealth due to technology and know-how yet this wealth is not being distributed and used due to “shortages” of “purchasing power” which means: money. It is obvious to anyone who is aware that these shortages are “man-made” for monopoly corporate gain and are the source of great inequality and pain.

What is a possible solution to this conundrum?

The only peaceful solution I see is the promotion of self awareness and personal action and initiative. Folks must realise the media conditioning in operation in society, programming them to consume and compete. Folks must wake up to the fact that quality of life does not emanate from junk consumption. It is paramount that people start to learn then understand then communicate the truth about monopoly economics. Association with like minded networks of people will sustain, nurture and nourish “non-monopolistic” wealth values. These associations succeed because they accentuate the theory Y ideals of human nature and eliminate the theory X aspects, as propounded by Douglas McGregor. Theory Y assumes people are good and loving and initiative based. Theory X assumes people are bad and lazy and unreliable. My experience of life has shown me that the environment in which people operate in is crucial. Values and leadership are of prime importance. If the environment is trusting and loving and nurturing people will grow in like mindedness if not they stagnate and become self-centred, negative and pessimistic.

Thus my answer is to lead rather than to follow. This is what “holistic” or “synergetic” living means. It is a life based on an expanded consciousness of “wealth”. Such a philosophy of life integrates rather than disintegrates. It is about elevating not levelling. It expands rather than contracts. It is about quality rather than quantity. In other words if you allow old fashioned ideas about wealth and money condition your mind you will “think” you are “poor” and do nothing. However if you expand your conscious and give “value” to such things as health, happiness, purpose, meaning etc. you will see that this new “balance sheet” accounts you as being very wealthy indeed. This wealth will give you confidence to act and folks the real world is ALL ABOUT ACTION. However, believe it or not, the most important form of action is CONSCIOUSNESS RAISING. This is why religions place such important emphasis on prayer because prayer is spiritual mentality made consciousness.

Wealth and Riegel Monetary Theory: issue your own credit if you can provide value eventually.


In a life spanning over 70 years, one of the greatest students of money, and it’s meaning, was the American E.C. Riegel. In his book “Flight from Inflation”, he identified money as the mathematics of value and argued, that for a democracy to thrive, the money power must be free. He spent his life pointing out that this money power is YOU AND ME. He was amazed that very few knew this life-changing secret.

The freedom of exchange is the foundation of all freedoms, according to Riegel, and the freedom of exchange unencumbered is the truest democratic freedom of mankind. He felt the best way to vote was to vote every day with your actions.

In a free community money is issued by a buyer. Such a money issuer must, in exchange for the goods and services he buys from the market, place other goods or services into the market place. Thus money as a money instrument is evidence of a purchase that is issued by a purchaser to a seller. Therefore, MONEY IS ACTUALLY BACKED BY THE VALUE SURRENDERED BY THE SELLER AND POTENTIALLY BACKED BY THE VALUE IN THE POSSESSION OF THE NEXT SELLER.

Thus, in essence: money is issued by a purchaser, but it must be issued by a purchaser who can, and is, prepared to issue value; it is a tradesman’s agreement to carry on split barter among themselves. From this analysis we can deduce that commercial banks do not “lend” money. They, in fact,

permit the “borrower” to issue money {which everybody should have the personal unencumbered right to do if a free democracy}. Once given “permission”, the borrower now has the “legal” authorization to write cheques to the extent of the loan and tenders them in trade. ONLY UPON THEIR ACCEPTANCE by a seller, who in fact provides value, does new money come into existence.

From this reality of the natural law of money issue, it must be understood, that governments cannot qualify as issuers because they are not in the real situation of personal enterprisers who can provide value.

Thus, in essence, money is a social phenomenon based on mutual respect, co-operation and interest. When this natural contract is broken, through abuse of power, the result is usually inflation. Simply put, inflation is the over issue of money without the required provision of value. Such a situation can be entertained in the short term but in the long term this fraud destroys the social system.

Wealth and the need for Civitas: thinking and acting for the greater good.

Giambattista Vico in his classic book “New Science” pointed out that the greatest achievement of mankind was the growth of civil society out of the terror of barbaric nature. In his view God had created man, but man and man alone had constructed civilization. Thus, for Vico, the greatest investigation man could undertake was to truly understand how this miracle of order and achievement was made manifest through the passage of time.

In the course of his study Giambattista came to comprehend the importance of moral order in the development of societies. This Civitas, or sense of the greater good, formed the bedrock of the social contract that built Alexandria, Sparta, Greece and Rome.

Unfortunately it is all too obvious that this old natural civic sense is dying in modern society and unless we educate our youth about the fragility of society I fear civil order will continue to breakdown. The end result could be an ongoing civil war within “developed” nations that will eventually lead to a new Dark Age of city-states and self-preservation.

In his book “The Evolution of Civilizations” Prof. Carroll Quigley summed up the problem succinctly:

“The third age of conflict of our society began to display the ordinary marks of such a stage about 1890. At that time, in the principal industrial countries, it became clear that the rate of expansion had reversed itself….

All the characteristics of an age of irrationality began to appear on all sides. Increased gambling, increased smoking, the growing use of alcohol and narcotics, a growing obsession with sex and perversions of sex, an increased mania for speed, for nervous tension, and for noise; above all, perhaps, a growing tendency to regard violence as a solution for all problems, be they domestic, social, economic, ideological or international. In fact, violence as a symbol of our growing irrationality has had an increasing role in activity for its own sake, when no possible justification could be made that the activity was seeking to solve a problem.

All the characteristics of any age of conflict are too obvious to require further comment. They arose because the organizational patterns of our culture CEASED TO FUNCTION AS INSTRUMENTS……..Religious organizations no longer linked men to God but adopted diverse mundane purposes. Our intellectual theories no longer explained anything or made us at home in the Universe. Our social patterns no longer satisfied our gregarious needs, even when we fled from the lonely anonymity of the city to the rat-race uniformity of sub-urbanism. Our political organizations increased the burden of their demands on our time, energy and wealth but provided with growing ineffectiveness the justice, public order, education, protection, or incidental amenities we had come to expect from them. And on the military level costs rose at an astronomical rate without being able to catch up with our increased danger.”

Thus, the culture of the west needs to reconnect with its roots. Philosophy, learning, investigation, discipline, self-sacrifice, future orientation all these attributes need to be focused upon and nurtured for our youth. Sport, lotteries, quiz games, celebrity, reality shows, crime, are all very well but if they become the essential core of modern mentality then it bodes a society tending towards narrow self interest and terminal decline. We need to start believing in meaning again and the place to start is to believe in yourself and the power of a human life.


Social wealth and the growing open-source movement: giving so that you may receive.

The essence of the myth of the Western tradition is the ideal of an independent life lived in liberty and dignity through family and community. This liberty and independence promotes enterprise and action. Such a myth engendered the human initiative which gave birth to such epoch-changing developments as paper money, financial credit, steam power, the combustion engine, steel hull shipping, electricity, wireless communication, television, air flight, nuclear power, the micro chip and the Internet.

The Western tradition is hopeful, future oriented, ordered and based on action, reflection and compromise. In the event of “either /or” the West will opt for both, if possible. Its successful evolution is based on an ever evolving dialectic, never totally true, but always moving toward a more comprehensive understanding of truth. In this manner the natural outlook of the West is not just material or spiritual. It is a synthesis of both: – the body and the soul matter equally.

One of the great mysteries of Western civilization, currently centred in Washington, and which now dominates the World, is the fact that the West has re-invented itself three times. This rebirth came about through the process of circumvention and reform of old inefficient institutions and mind-sets. This process of rebirth resulted in new dynamic engines of growth being designed, developed and applied. The dates the three phases of Western expansion as follows:

            1.          970 – 1270

            2.        1420 – 1650

            3          1730 – 1929

In each case the instruments of expansion were respectively:

            1.        Feudalism

            2.        Commercial Capitalism

            3.        The Industrial Revolution

If the West is to transcend our age of conflict and enter a new age of expansion the only way forward is through human initiative, enterprise and action. The open-source movement, which is an effort to circumvent a failed economic model based on “price”, is just such an epoch changing initiative. But this creativity will only blossom in an environment of true liberty and dignified freedom. Repression, on the other hand, would stifle any such initiative and would spell the end of Western society. Hopes could be dashed. Civil conflict could ensue. The current post-socialist model called “pluralism” does not appear to have at its disposal a new instrument of expansion. Its guiding philosophy seems to be one of atrophy. The modus operandi of contemporary political power evidences a group of “vested interests” holding on to money rather than motivating and organizing the creation of new wealth.

Reformation and change can come about through outright reform or circumvention and this latter method I believe is beginning to operate and should be fostered by enlightened leadership. This is a solution in which everybody can play a part.

In essence, co-operative action is circumventing frustration. Eventually this movement, if fostered, will give the current atrophied structure much needed time and options. And options are crucial. Circumvention will work, but it must be understood by power groups that it is essential and thus should not be destroyed. Such insight is what is imperative from our political masters today. This circumvention must redevelop energy systems, monetary theory, financial practice, political structure, media distribution, excellence in education, etc. At the end of the day, however, the goal has to be the conceptualization, development and application of a new instrument of wealth creation and distribution. Open-source initiatives have the potential to do this particularly with the continued growth of broadband systems.  

The open-source movement has shown how difficult, complex problems can be solved in community, outside the control of official economic “price” doctrine. The rules are being rewritten and can be interpreted by those who understand what is happening. The explosion of the Internet is but one example of this developing paradigm in successful operation. Through liberty positive change could come about and this may lead the West toward a fourth period of expansion resulting in a new phase of development for the world.


Wealth is a social possession not a purely private one. Learn. Understand. Communicate.

Your consciousness, beliefs, actions and functioning social networks create true wealth. Monopolistic accounting rules conditions you to think yourself into actual poverty.

Money is a medium of exchange. It is not “valuable” unless it is believed in (i. e. possessing “credere”). Monopolistic banking manipulates the medium of exchange and grants those in control unacceptable benefits through inside knowledge of timing of planned expansions and contractions of this medium.

A sound and stable society needs a stable “steady  state” money supply. Achieving this state of balance should be a prime objective of government. This goal can be brought about through full reserve banking. Thus fractal reserve banking should be abolished.

There is a social revolution taking place in America. It is changing the face of economics as we know it. It is currently called the open source movement(OPM).  The most powerful thing anybody possesses is the ability to act. Action begets results. People believe what they see. OPM is changing the word. It is challenging Microsoft (Linux). It is depth charging monopoly journalism (Wikileaks). It is transforming learning (Wikipedia). It is reinventing barter (Facebook Swap Groups). This is only the beginning. Monopolistic wealth is dying. It is dying because it is killing the society that nurtured it in good faith. Social wealth is being reborn. Those societies that nurture this wealth will thrive and transcend. Communistic and monopoly capitalistic systems that fail to transform are doomed to go the way of East Berlin when it tried to stop change through a wall. However walls cannot contain spirit and they will not constrain the inevitable continued development of the western tradition which is now on the cusp of its forth period of expansion.



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