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One such apparently free choice, is an acceptance of financial free-trade.
Financial free-trade appears to be an investor's right. Should not an investor have the freedom to chose which country to invest in, or which industry and company to fund? Indeed, this right is sacred, but in a system of feudalism this translates itself into an international competition for investment funds. The assumption is, that investors go where they get the biggest bang for the almighty buck; and they do. Thus, interest rates are rigged high, and higher, in order to maximize the country's ability to attract capital, regardless of the ability of the receiving economy to carry the cost. Under this system the nation is subjected to the whim and wisdom of its central bank, which is a private institution and has its own priorities. Under this free-trade system, the nation, itself, literally has no choice but to play along in the game, and to pay the costs that are tied to the necessary promises of high interest rates. So, nothing really has changed since the days of the 14th century.
In the 14th century the Venetians had driven the international financial game to such extremes, as it is today, that they demanded 40% profits from the economies that they dealt with, which yielded barely 2-4%. Of course the Venetians got their profit. They had ways of collecting it. As the result, the economic base of Europe collapsed to the point that the entire financial structure disintegrated with a corresponding collapse in population levels. The effected populations, themselves, had no choice in the matter, so it appeared at the time. This choice was developed later, during the Renaissance, and became implemented under the nation-state that owned its own financial credits.
The same is still true today. Investors move into a country, flood the market, then drain it dry and move elsewhere. In the mean time the currency becomes devalued, but so what! Nevertheless, the choice remains, for the so targeted nation to adopt the infinite system of economy and create its own credits.
In other words, the private international credit system is fundamentally not a development tool for the advance of nations and the realization of the human potential, but is a tool for looting humanity on a global scale. Today, private credit, by all indication, is still as destructive as it was from its very beginning.
Within the infinite model, however, no such condition exists that creates a competition for leveraged-up investment funds. Here, whatever is needed is created to maximize the society's self-realization of it's inherent strength. In this dynamically unfolding economy more investment opportunities arise than there may be funds in private hands to fill them, and this with opportunities for real earnings that are certain to be many times greater than the leveraged profits that are presently gauged out of the world-economic system by way of interest rate competition for attracting investment funds. Furthermore, the productively created profits will be real, as they are the fruits of increased productivity instead of escalating illusions.
Naturally, the current free-trade in international 'investment' is as destructive as any other form of free-trade. The free-trade process in physical goods is destructive in that it lowers the pricing of goods, globally, to the lowest denominator in the world, which sets a standard that usually represents slave labor type of productions, thereby forcing the global economy down into slave labor conditions which are destructive to every nation involved. The experience with this type of system has been, that whichever nation participates in such a game, soon drowns in debt as the race towards a slave-wage oriented economy destroys the tax base of that nation.
This is what the free-trade game was invented for. It was invented as a method for bankrupting the newly founded United States of America, and to bankrupt France as well, that had supported the U.S.A. in its war for independence from the British Empire's colonial rule.
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Stories about
War
from novels by Rolf A. F. Witzsche
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