“We’re going to go bankrupt as a nation,” Biden said.Let it be recorded into history that with these sheepish utterances the vice-president of the United States showed where his true loyalties lie. I'm not thinking irrationally when I say that he just either confessed his lack of knowledge about economics and its relation to government, or, his criminal involvement in bringing the United States closer to the creditor's doorstep. And these are not regular creditors, but robbers who take their own nation hostage.
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”
Imagine a kingdom turning into a madhouse, wouldn't you want to be an escapee? So I understand politicians like Biden selling out their own people. But Biden must be aware that he is treading dangerous ground because it looks like he is slipping information to the public in a secret fashion like a person who slips a date-rape drug in a drink when his victim is not paying attention. Getting the half-truths and truths of the day out of the way is not that straight-forward. Why is the nation bankrupt, as you say it is? I bet he won't mention war funding. In any case, Biden needs more explaining to do, and less telling. That is what gangsters do. Leaders explain. Gangsters tell. The only thing that's telling is his blatant disregard for the American people. After all, it is treason when you use usury to loot from the nation's treasury.
Also, the administration's lack of political astute tells a lot about its priorities. They think it is craftsmanship when you don't prosecute torture and keep it on the hush-hush. If prosecution of former officials is political taboo, then a revolution is called for. And why is the vice-president and not the president delivering the important messages to the nation, and warning of dangers to come? Is the administration afraid that Obama's image will be blemished if he made those statements? And why not present the harsh truths at a press conference? Does Obama share with Bush the belief that Americans are incapable of understanding the severity of the situation? If so, then that is sad. It shows the same lack of confidence in the American people that we observed in the last administration, and makes it clear that the new crop of boys in the White House are not special in the least. But for some reason half of the citizens are confident that the current government will act on their best interests, but as in any relationship, if that confidence is not matched by the other partner then it is all for nothing. Confidence must go both ways in any relationship, whether it is between a man and a woman or citizens and their government.
II.
Why is economic knowledge important? Because without it our culture lags and our society needlessly suffers.
Companies go bankrupt. Families go bankrupt. Nations can not go bankrupt. Neither can California, or any state, city or township in the union. Any political-economic organization that governs a community of people spread over any given territory, regardless of size, can come out of debt by simply recognizing that only they can decide on the value and volume of the money in circulation in their community. Outside financial agents like private central banks and foreign banks, or very wealthy individuals whose power is not institutionalized, can not legitimately decide the destiny of a nation. That is statesmanship 101. Either Biden knows that simple truth and is not acting on it, which makes him a corrupt coward, or, he is ignorant which makes him unfit to govern. Either way, the citizens of America must demand his resignation from high office.
All the financial hoopla and useless worry about the health of the economy zaps our energy that could otherwise be used for more productive projects. Forget the economy, rediscovering political sovereignty comes first. Dealing with the economy is at base about social and political problems, so our intense focus on the 'dismal science' represents our failure to learn the most basic lessons of how to sustain a healthy human society. Anyone who complicates and confuses the populace about the economic realities of nations either supports the agenda of criminal financial agents or is utterly clueless.
Since the dawn of civilization, men of thought have learned and relearned the few laws to govern a just society, of which the economy is a small but essential part. American poet, Ezra Pound, for all his drawbacks, was one of the few intellectual heavyweights of his time. Setting aside his support for Mussolini, which must be understood in context, Pound seemed like a very direct and honest man, and should have been honored prior to WWII by America for his contributions to poetry and knowledge. It was his disdain of the ruling central bank and money aristocracy that compelled him to leave America. He did not, however, forsake her. He rightly recognized the error in Western civilization in claiming money as a god, rather than appreciating it for what it actually is: a means of exchange to purchase good and measure prices, and a means of saving. And he blamed the process of denaturalisation for bringing this false order into being, saying "our money has been given false attributes and powers that it should never have possessed." An exorcism is needed. This time we must not just get rid of the money-lenders in the temple of doom, but the ideology that puts money atop the temple of doom. There is a place for money but to regain our sanity we must first adhere to social justice and the natural order of society and not give money the ascendancy that it does not deserve. In the end, as we are now witnessing, the advancement of political powers is depended on economic advancement, which is very unfortunate because it ignores talent, knowledge, merit, and character. It leaves us socially and culturally poorer as a result. It destroys human potential, whether artistic or any other. Money must be given a balance weight, so it is not equal to itself but to the rule of law, and social justice.
The good news is that economic knowledge is growing, and our fate is not sealed like the back of the dollar bill. Unlike former times, in previous financial crises, there is an inconceivable amount of avenues of thought to communicate abandoned information. Also, ordinary heroes on both sides of the false isle are gaining new esteem. The corruption of Goldman Sachs is making the airwaves on both 'conspiracy' radio and progressive media. Truth is unstoppable. Ordinary people are interested about learning how to manage their finances, realizing the gravity of individual choices. This is incredibly inspiring. But, beyond individual power, we must also seek to solve the problem of the lack of collective political will. It is time that nations rediscover who they represent; their people, not bankers and corporate titans. Some of the new leaders in Latin America understand the responsibility that nations have to their people, and are starting to manage their own economic affairs, forcing out the IMF. Hopefully, the end product of all of this is the realization that the monopoly of money is the first right of nations, and not the territory of private individuals, families and corporations.
Pound made a great point about the responsibility we all share to make sure that money stays legitimate and honest:
No one is such a fool as to let someone else have the run of his own private bank account; yet nations, individuals, industrialists, and businessmen have all been quite prepared - almost eager - leave the control of their national currencies and of international money, in the hands of the most stinking degs of humanity.I don't regard Pound as the ultimate authority on the subject, but his research into economic matters in both ancient and modern civilization is evident, and we should not dismiss his knowledge simply because we disagree with some of his beliefs. His profound insight into the crisis of our civilization that is reaching the tipping point at this time in history is badly needed, and we should not be ungrateful of him or all former men who also eyed the crisis. Jung is another grand master who was tainted with a devilish mark when he was called a Nazi sympathizer. To group such men as Pound and Jung with Mussolini and Hitler is unbelievably stupid and reflects our inability to dissociate historical persons from historical events. Dispensing them to the margins of thought doesn't add to our knowledge and understanding of the psyche or economics, and makes us very childish. Intellectual progression is meaningless if we discount mankind's renegades, in whatever field of knowledge. On a final note, one last lesson we can take from Pound is his assertion that Civilization "depends on local control of purchasing power needed for local purposes."
