Banks

the rule over others, almost always went wrong

(wrong = egoism & (lobby-induced) corruption & mismanagement lead to hunger and uprisings)

so maybe its time for America to reinvent itself?

so maybe its time for everyone to rule themselves?

should not the state educate people how to survive, in balance with nature, by their own hands? (give em a piece of land and the equipment to survive there, there is enough land between the east and the west coast)

rule over others = slavery = exploitation is so damn devilish profitable

the biggest problem is:

  • the “pile of shit problems”, that were created over decades of erosion grew so big, it can not be ignored anymore (it’s like a ship who’s mast has a lot of cracks, but nobody bothers to build a new more sustainable ship)
  • “western” democracy in it’s current form has proven many times to be unable to solve problems in a competent way, so “the world” is in a state of turmoil, lack of orientation and uncertainty, because of a in-competent decision making process plus: the decision making process is so “abstract” that “the masses” lost track, who is actually to blame for what.
  • rule over others = slavery = exploitation is so damn devilish profitable, but the planet belongs to everyone
  • “western” democracy accepted itself as perfect,  did not actively (funding!) search for alternatives to itself (arrogance)
  • thus “western” democracy “forgot” to look for alternatives (can be other forms of democracy)
  • thus did not do any experiment with alternative forms of government
    • (except Chinese communism experimented very “successfully” (more money, more pollution plus all the negative side effects that a money-centric lifestyle brings about) with neoliberal capitalism)
  • “going back” to dictatorship/monarchy can hardly be considered a step forward

US-America needs to reinvent itself

I wish them a lot of success! 🙂

There are (still despite all the cuts to education budget) creative and clever people there!

i just hope there are enough innovative and clever people there that also have a moral compass and i wish them to succeed in their efforts

“As Walter Williams reminds us, capitalism is a wonderful system in part because people can only become rich by providing value to others.”

WRONG. But go on.

“That means investment, entrepreneurship, innovation, competition and other behaviors that make the rest of us better off—even if we never become millionaires ourselves.”

“Remember, the normal state of humanity is grinding poverty and material deprivation.”

(source: https://fee.org)

In theory – this is what capitalism SHOULD be – but is it?

To the naive believers maybe still.

But it is not.

Capitalism ought to guarantee  a vibrant creative economy with 100% employment aka “wealth for everybody” and creative long lasting sustainably produced products that get better by the day.

It does not.

It might be true for small and medium sized businesses (SMB) that have a very very hard time getting ANY loans from ANY bank are the most creative and actually create jobs.

But it’s not true for multinational companies.

“It’s only in the past few hundred years that many of us have escaped that fate—thanks to a system of free enterprise that channeled human greed in a productive direction.”

(source: https://fee.org)

Maybe it was the people who fought for basic human rights and good working conditions (against owners of the factories/the capitalists and their banks) that managed to make things better for the average working citizen?

Bismarck actually introduced a state health care system, not because he wanted to do good for society, but because he wanted to have fit and not sick soldiers.

This state health care system survived him, so basically he Bismarck did good to society “by accident”. (USA health care system is for the rich only and up to this date, US-citizens lack any proper health care system that actually works for them, because short sighted capitalists do not care about health, they cares about money as income and turnover, not health)

But is this really the way forward?

Hoping that capitalists will produce “by accident” positive outcomes for society?

This is just madness and right now it does not look like help won’t come by law any time soon?

Unless a massive crisis completely obliterates and destroys “the system” and people actively formulate how they want to live.

COVID19 could be that crisis.

Maybe in the 1960s it used to be that way, but nowadays is not only “my guts” but also statistics that shows the highest GDP IN THE WORLD OF LUXEMBOURG IS NOT DUE TO CREATING VALUE, THEY CREATE FINANCIAL CRIME BY HELPING FOREIGN COMPANIES AVOID TAXES (means: stealing from the rest of the world, the average citizens ought to pay 50% and more taxes on income, but not the Top100 companies, noooo that would be unfair?).

Most famously Apple pays $50 for every $1.000.000 (one million) in income, thanks to another tax haven, Ireland.

“The company was said to be paying tax in Ireland at a rate of under 1% for two decades – just 0.005% in one year.” (souce: TheGuardian)

Okay it is REALLY no wonder, that a court in Luxembourg ruled that way.

Luxembourg itself since decades is a tax avoiding crime scene.

Wonder if people still live in Luxembourg, or if it’s only fake companies and fake offices with 10000x post boxes and computers that manage the stealing of wealth.

An internet lock down would hurt Luxembourg way more than any trade embargo.

Walter E. Williams is either blind, stupid or ignorant (blind on purpose, because it pays well).

Maybe there was this “responsible to society” capitalist of the 60s that believes in democracy, the rule of law and actually cared about it’s employees and society (not so much about nature unless forced to by laws) – in which Americans still believe and still believe they (especially Trump) could turn back time to that “golden times” – when wages basically increased and the employee did not even have to beg for it.

And there is this radical exploitational and tax avoiding “whatever sells” (especially weapons and drugs) capitalism of the 2000s, that constantly

  • lowers wages
  • does not care about employees or creating jobs at all very much the contrast.
  • CEOs openly say, it is NOT their responsibility to create jobs, the state ought care about citizens, not private companies
  • also wages “cost money” so almost every company  avoid ’em like hell, constantly strive to either cut wages, destroy unions, make people work more for less
  • or: lay off as much people as possible, transfer production to automation or China and so on and so on.
  • The list of negative side-effects of this modern capitalism is ENDLESS.

It is also highly unsustainable and as COVID19 crisis shows, it is highly instable and thus can not deal with crisis – not even small crisis – AT ALL (folds like house of cards at slightest breeze).

It is like – making your life dependent on Windows 95.

If it crashes – your children will starve.

If that is okay with you – go about business as usual – if not – massively invest every Dollar every Euro every Yen in YOUR INDEPENDENCE from the monetary system – by creating your own fresh water (well) food (farming) and energy (solar and wind).

If a state does not support it’s citizens in this strive for independence – it is the right of the citizens to demand the state’s support – because the state acts against their interest.

Politicians are mere puppets to the super multinational conglomerates – so politicians – 90% of the time – unless pressured massively by the public on all channels – won’t act in the interest of citizens or sustainable survival of mankind and nature.

So capitalism is on the way to not only destroy itself – but all basis on which life can exist on this planet (Shell and others knew decades (in the 1980s, probably earlier) ago, by their own research, their business model was causing climate change (to the worse) not climate stability.

To be fair: there are probably two kinds of climate change (global warming and weather extremes known as climate change)

  • natural changes (the dust of the meteor that caused the ice age and made dinosaurs extinct has luckily settled)
  • mankind’s CO2 (heating, transportation) and methane (cows/meat)

everything lives of a balance – mankind needs to learn how to increase the stability of that balance – by everyday life – instead of adding to instability.

Maybe Mars is the only true hope for mankind.

But it is a major gamble – but Americans love gambling – so it completely fits their culture.

Bet the future of mankind on one card.

Very very risky and as said in the Shell produced video: “waiting for final proof” (that man made climate change is real) “would be irresponsible”

So would be ignorance of and gambling with the future of mankind.

David Graeber is an Intelligent human being – an activist – active in occupy wallstreet and so on.

His book – debt the first 5000 years – is a scientific very detailed 534 pages book – but what he misses – what is wrong with debt?

let me tell you what is wrong – with the interest on debt monetary system:

repaying debt is not so easy, not only because of the interest-on-interest effect but also – the money to pay the interest – IS NEVER CREATED in the first place – the game is rigged. (see another great book: Bernard Lietaer “rethinking money”)

Here comes the (simplified but still true) example:

imagine a world where there is only one bank and two shoe companies:

  • company A shoes
  • company B shoes

Bank X is given a loan from the central bank of $100.000 in cash (the central bank is the only bank allowed to issue cash).

The $100.000 Bank X keeps as reserves (10% in reality this would be only 1%).

This allows Bank X to lend out 100% of the $100.000 meaning $1.000.000 or one million in “book money” (money that only exists in the books or in computers).

So Bank X can gives company A and company B a loan of $450.000 to start their business and wants every year a modest rate of 3% interest.

The problem: the 3% interest ($13.500 in the first year) ARE NEVER GENERATED and thus one of the loans HAS to fail.

So after the first year – already $27.000 of interest would need to be paid to Bank X – but because this money was never created in the first place it can not be paid unless…

Company A needs to “extract” money/steal from company B in order to repay their debt or face bankruptcy.

Eventually one of the companies will have to close down – people lose their jobs – and the other company then has a monopoly on shoes – the prices for shoes skyrocket X-D

Because the interest-money is never created, it is not in the game, one of the competitors has to fail so the other competitor can repay the loan.

This is evil.

It is evil because sets people against each other in very very aggressive and evil way and calls it “normal”.

This will create a society of thieves and robbers and this is exactly what we have today.

did you know the “privatization” comes from the the latin word “privare” which literately means to steal? (deprive, rob)

The Goldman Sachs saying: “it is not enough that you win – others have to lose”

is not exactly correctly, more correct would be:

“in order to win – others will have to lose”

because those are the (current rules) of this catastrophic debt based game.

Here is another piece of wisdom: NEVER lend money to family or friends or you will lose both.

instead: if a friend or family member is in need ask them what they need and buy it for them. (help with material not with money directly)

or: give the money as a gift.

never the less Graeber keep up the good work.

Lietaer has unfortunately passed away.