Friday, 6 February 2015

9. CONCLUSION. HOW THE DOLLAR AND EURO AND OTHER CURRENCIES SHOULD FUNCTION IN A MORE DEMOCRATIC WAY SO AS NOT TO CREATE DEBT-CRISES

THE WRONGLY NON-DEMOCRATICALLY DESIGNED DOLLAR AND EURO CREATE THE DEBT-CRISES.
HOW THE DOLLAR AND EURO SHOULD FUNCTION.


How the euro should function  (this applies to other currencies too like US Dollar, Canadian Dollar, Australian Dollar, Swedish Corona, Greek Drachma etc)
1) The central agency of issue of the euro (now the ECB, EKT), should  be a non-profit organization  completely controlled by the eurogroup ie by the finance ministers of the nations of euro.,
2) The issued   euro must belong according to population percentages and GDP percentages,  the respective Ministries of Finance of each nation of Euro-zone.
3) The circulation  of newly-issued Euro should be at most by  20% to its totality , through the banking system or through debt. The remaining more than 80% must circulate through salaries, pensions, insurance, minimum subsidy for survival (mimimum income) , grants, social investments, business investment, etc. This measure prevents the periodic occurrence about each 50-80 years of debt-crisis , and creates a  stable economy. With such a measure, the percentage of the liabilities to assets  of the average enterprise will be not 66%, that is now, but less than 33%. Also in  public economics the debt as percentage of the  to GDP will be less than 33%.

In this way the euro will serve the  national interests, of the nations of the eurozone much more than now and it will not violate their constitutions.

Now the Euro
1) Is  issued by a for profit private bank  ( the ECB) , which is not controlled by the Ministries of Finance (Eurogroup).
2) When issuing the money, whether  electronically with the demand for loans from banks or by by special decisions, the newly issued euro belongs to the private ECB!
3) The only circulation of the issued euro  is obligatory through debts and the banking system    ( and that is why the excessive debt is created in the societies). 

In the latter present mode of functioning,  the euro, serves not the national interests of the nations of the Eurozone but the private interests of a tiny financial oligarchy (private owners of the local  central banks ). It also violates many constitutions of many nations of the Eurozone. 
Unfortunately the design error of euro (and many European currencies in the past) was not accidental, was deliberate, and with this it was generated debt-crisis. Then by  by "draconian measures" (=very restrictive and cruel measures) this power of the financial oligarchy and of their associates, is preserved at the cost of the interests of the majority.

Therefore in the current monetary systems of private central banks, there is an art of exercising misanthropic will by presenting it as if of an objective necessity of a phenomenological scarcity of goods and money. 

ENTIRELY SIMILAR THINGS CAN BE STATED FOR ΤHE US DOLLAR. EXCEPT HERE INSTEAD OF NATIONS WE HAVE THE LOCAL STATES

(See also  http://www.positivemoney.org/)


We may summarize the trend of evolution in humanity in the following 3 stages 

Feudalism: A Royal  oligarchy gains it power over the majority my owning the land.
Capitalism: A larger than the Royal oligarchy gains it power over the majority by owning the issuing and circulation of money.
Digitalism: An even larger oligarchy than the large capital of the banks, gains its power over the majority by owning the circulation and distribution of the information inside and outside  the internet.

In all these three stages of evolution , there is the source of will that always a minority will control the majority, and also a source of will that the majority controls the majority with self-responsibility and participative democracy. The battle is constant but the evolution is toward more liberty and equality. 

“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
Money is a new form of slavery, from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.” Leo Tolstoy, Russian writer.

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.Abraham Lincoln


"Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.Theodore Roosevelt

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of  credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most  completely controlled and dominated Governments in the civilized world no longer a  Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.Woodrow  Wilson



"The real truth of the matter is,as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson…Franklin D. Roosevelt (in a letter to Colonel House, dated November 21, 1933)

The power of the private sector enterprises (like the private central banks, and sub-banking system), over the public state, govermnent and economics is  the very definition of fascism, according to Mussolini!


The private central banks like FED, and ECB, are 1) Has made the public economy to be non self-sustained, and autonomous 2) has created overwhelming debt for both the private sector and the public economics 3) has deprived vast amounts of money and wealth from both the the private sector and the public economy 4) Is the major source of economic inequalities in the economies. 

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