|
Universal bankruptcy.The simple problem is that one cannot take out of an economy what is not being produced, no matter how clever the schemes may be that are devised. Ironically, this is exactly what the current world-financial system is designed to do, and it doesn't work. The near universal bankruptcy of literally all nations on the planet, proves that the system doesn't work, that it is fundamentally defective, that it is build on axioms that are totally contrary to the principles of economy. If the bankruptcy syndrome was isolated to a specific country, one might accuse a specific minister of incompetence. Except, this is not the case. The bankruptcy is global. Under the present system, no nation on the planet has sufficient financial resources to maintain itself, much less to assure its. The world is drowning in debt, and this debt is killing people. Nor is the funding available, under the present system, for mankind to carry out the educational, scientific, and technological advances that are totally necessary for mankind's survival on the planet. The clever money artist is a parasite, who likes to glory about his supposed profits, yet has produced nothing to advance society to have earned the profits he takes out of the system, unless he has actually provided financing for development ventures which is a rare thing today. Actual economic development and productive trade is so extremely rare at the present time that it amounts to no more than one half of a percent of the financial market's activities. Any other form of so-called profit that the 'market' drains out of the economy is effectively 'stolen.' Mankind's present performance in terms of providing for its physical existence is shameful, considering the potential that exists. Any student in school who operates with this vast difference between performance and potential would never make the passing grade, but be stuck in grade one. We, as a society, are hypocrites, in that we demand of our children infinitely more (which can certainly be achieved) than we practice ourselves. Throughout many of the postwar years, when the economies of the still somewhat functioning industrial nations produced a massive surplus, so that the relatively modest 'stealing' by the oligarchy generated few problems. Except both factors have changed. The oligarchy, which has fundamentally no right to maintain its unearned (looting) demands, has became too greedy. And so, through accelerated looting, the parasite has destroyed its host. The collapse is a natural consequence of the game that is played, and it is a game, because it is totally unrelated to the fundamental principles of economics. It is a global game with global devastation of the human society. The game, certainly has the potential to bring the house down over mankind, as it may have been designed to do by the originators of the game. Humanity should pay heed that the originators of the financial game that is strangling mankind today, are also demanding dramatic global population reductions for still another game, more sinister in nature, which is likewise totally unrelated to reality. In very real terms, the current world-financial system is a civic institution that is destroying humanity, and may have been designed or been modified, towards this end. In order to protect the system (from being corrected) its underlying axiomatic defects are carefully hidden with pseudo-scientific lies. For instance, it has been said that the effect of today's gambling fever in the 'liberated' money markets is of no consequence to a nation's economy. Mankind is told, that although the stakes are astronomically high, the gambling is ultimately a zero sum game where there are as many winners as there are losers. This lie is self-exposed in the above example of the U.S. manufacturing sector that has grown thirteen fold in dollar value over a period of time, but has become a beggar in spite of the nation's best efforts. The loser from the gambling fever is the nation. The gambling fever has changed the global focus from the production of physical support structures for human living, including educational, scientific, and technological development, to a platform that by design produces nothing at its most ideal circumstance, but produces vastly destructive dislocation of resources in real terms. || - page index - || - chapter index - || - Exit - ||
|
