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Welcome to USAGOLD's "Gilded Opinion" pages. We invite you to browse our index of outstanding gold-based commentary.
Back to Basics Again!
by Professor von Braun
May 26th, 2008
Is there such a thing as a code
of society? How does a society value values? What happens when
no value is placed on values? Is it a bit like a quality product?
Does the quality of a society reflect the quality of their values?
And if there are no values, what happens then? Does society break
down?
Quality and integrity go together, so what happens when both integrity
and quality decline. What is left? What happens when consumption
exceeds production? Normally one would answer famine, shortages,
rising prices, riots, a redistribution of wealth and a decay in
values as each tries to support his own situation. That's what's
happening now!
People today are not taught to be productive, nor do they understand
and appreciate a quality product -- which may well be why Wal-Mart
and McDonalds are so successful. Instead, people are taught to
consume, to obtain "things" that are not supportive
of productivity, but instead support and maintain the habit of
consumption.
At the core of the issue of over consumption is the banking system
and the fact that it contributes no real value to society; rather
the banking system as it is today needs and encourages consumption
to produce "profits" -- by putting people in debt.
It's the beggar-thy-neighbor approach, coupled with the often
promoted idea that the banking system is in control. But where
is the value? Great societies are built upon honest money and
the underlying absence of greed, coupled with a balance between
productivity and consumption.
To talk about people being hard working and prudent with their
earnings seems to be a thing of the past. We are exhorted to consume,
to buy more, eat more, watch more TV, to be anything but productive.
But where is the value in that?
This collection of consumers that passes for a society is a sorry
mass that has lost its way. The presence of quality has been trampled
over and replaced by the bankers ongoing, seemingly never ending
need for the ever-expansion of debt, in part because the banking
industry, as it is currently structured, can not settle their
transactions.
An essential aspect of a quality society is the ability of its
members to settle their transactions and pay their bills when
and as needed. To do this, honest and impartial money is required,
which we do not have. Now this is not entirely true, as honest
money is present but it is not recognized by the majority for
what it is, nor is it favored or promoted within the current banking
system.
So how long can the game of consumption go on? Are we seeing the
first serious signs of decay with rising commodity prices beginning
to eat into the average consumers ability to consume and repay,
coupled with diminishing productivity.
Could it not be that falling house prices and rising commodity
prices are connected? The fraudulent money has to go somewhere
and it is not going into real estate, not any more.
What does that mean? Is there a shift taking place into productive
assets, away from unproductive ones? Could there be a scramble
for ownership of the basic necessities of life taking place now
that the pseudo "ownership" of the contaminated campsites
is out of favor?
We hear the word "resources" bandied about on the
money stations, but do people understand what resources
actually are? Resources are a form of unused energy,
something that should be used wisely to support the ongoing endeavors
of productive people. They are not something that should be used
to promote and publicize the one-way street called consumption.
The banking system is, essentially in the business of stealing
resources from both their customers and their clients, predominately
to maintain the life styles of the bankers themselves who are
of course the least productive people on the planet.
Unfortunately society as a whole has imitated them, buying into
the idea of wealth being created by the debasement of honest money,
via its replacement with paper promises that can never be honored
and commitments made that can never be met.
Consumption is the foundation upon which the fiat banking system
is built and this involves credit expansion, which requires people
to service the debts, slaves to till the banker's fields, while
the bankers enjoy the fruits of these labors.
But who settles the banker's liabilities when things go wrong?
Currently it's the Central Bankers who have taken on this role.
But how long can they keep up this unnatural activity? How long
can they continue to create "debt" when there is no
recognizable means of repayment? You can only shear a dead sheep
once!
The bankers have been feeding their servants with toxic waste
and now they wonder why they are sick. The Central Bankers are
now feeding these bankers with the same toxic waste expecting
them to recover from the effects of their redistribution of their
own toxic waste to the unproductive consumers, the very same consumers
that, along with the bankers, ate the fruits of 200 years of productivity,
which the Central Bankers allowed to happen.
The acceleration of this nefarious activity began the day President
Nixon closed the gold window on August 15, 1971 and has multiplied
to the degree that it is now no longer viable as an ongoing activity.
It's not that the value of productive assets is going up, rather
it's the recognition that the paper currency is worth less, less
than the actual value of the productive assets, especially now
that unproductive assets are being repriced by the marketplace
to reflect their unproductive qualities.
How long can the Central Bankers continue to hold hands while
their respective economies deflate? Have they not recognized that
their respective balloons are all leaking the same necessary substance
that keeps them afloat?
Will they finally wake up to the fact that bigger is not better?
What is that foul odor that permeates the corridors of the headquarters
of these practitioners of monetary imprisonment? Where will they
find new consumers, ones who have some ability to take on liabilities
by way of new debts, new mortgages, new credit cards and new student
loans? Where is the capital required to continue this credit/debit
game?
How long can the fiat monetary system avoid the inherent issue
of settlement by replacing its member's debt with its own worthless
debt? Debt which can never be redeemed?
One thing is for sure and that is that we all are about to find
out what happens when a non-redeemable currency meets a real demand
for redeemability.
The Prof can be contacted by email at profvonb2@aol.com
Copyright by Professor von Braun. All Rights Reserved. Reprinted at USAGOLD by permission.
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