Consider this absurd scenario. You’re swimming in the ocean with a large group of people miles from any land and it looks like you’re all going to drown unless help arrives. Magically someone (we'll call him the banker.) comes and offers everyone a life preserver. These life preservers come in 100 easily assembled pieces. The only catch is that at the end of each day all life preservers must be returned to the banker with an additional 5% of another life preserver. The banker has also agreed that you can instantly re-borrow all 100 pieces of your life preserver as long as you submit the additional 5%. As every life depends on these life preservers you all agree to this arrangement.
Now, since everyone knows they have to return an additional 5 pieces on top of their own 100 pieces they spend the day trying to wangle, borrow or steal the additional pieces from some other person. At the end of the day the banker returns and requests the return of his life preservers plus 5% of another one. Those who have managed to accumulate the additional pieces are thus able to rent another 100 pieces for another day. Because the others have not been able to return the total amount due to the life preserver banker he confiscates whatever they have left. These few are now left on their own and in time will surely drown.
As this scenario continues more and more people find themselves without support while fewer and fewer have the necessary support to ensure survival without struggle.
As stated above, this is an absurd situation. Because we can see the inevitable result of becoming indebted to this banker no one would agree to the conditions he offers. But this is exactly the conditions offered by the central banks throughout the world. Anytime more of something must be returned than was originally created a lack or a debt must be the result. The people of the world compete for the finite number of dollars in existence. The winners thrive and the losers starve.
And today in this wonderful world of abundance tens of thousands of human beings will starve to death so that the rest of us remain buoyant. It is time to stop this insane process.
Comments to the author are welcomed.
david.ealing@gmail.com
Now, since everyone knows they have to return an additional 5 pieces on top of their own 100 pieces they spend the day trying to wangle, borrow or steal the additional pieces from some other person. At the end of the day the banker returns and requests the return of his life preservers plus 5% of another one. Those who have managed to accumulate the additional pieces are thus able to rent another 100 pieces for another day. Because the others have not been able to return the total amount due to the life preserver banker he confiscates whatever they have left. These few are now left on their own and in time will surely drown.
As this scenario continues more and more people find themselves without support while fewer and fewer have the necessary support to ensure survival without struggle.
As stated above, this is an absurd situation. Because we can see the inevitable result of becoming indebted to this banker no one would agree to the conditions he offers. But this is exactly the conditions offered by the central banks throughout the world. Anytime more of something must be returned than was originally created a lack or a debt must be the result. The people of the world compete for the finite number of dollars in existence. The winners thrive and the losers starve.
And today in this wonderful world of abundance tens of thousands of human beings will starve to death so that the rest of us remain buoyant. It is time to stop this insane process.
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Comments to the author are welcomed.
david.ealing@gmail.com
