halalmoney on Nostr: ‘If we… can focus on this core subject, monetary monopoly vs. monetary freedom, ...

‘If we… can focus on this core subject, monetary monopoly vs. monetary freedom, instead of just talking about the symptoms… I believe it will be easier to win over more people in our fight against the political elite.’

quoting
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My journey in understanding monetary policy:

In the beginning my focus was on the abuse of the monetary system by inflating the money supply that caught my attention. It drew my gaze to the Cantillon effect, which I probably spent too much time on mansplaining to others.

Second, it was the abuse by deflating the money supply that stole my focus, especially the incredibly harmful parity policy of several European governments in the 1920s, and the way the banking elite of the UK and the US exploited this in a highly elaborate scheme carried out by Benjamin Strong and Montagu Norman.

Third, I realized how many ways a monetary monopoly enabled channelization of newly created money to various favoured players. It really enables both targeted amd full-scale corruption of society.

The fourth step was understanding the significance of someone being in a position to profit from creating money that the rest of us must work for. When you look deeply into this simple fact, you really see that the Cantillon effect is of secondary importance.

And finally, fifth, after having understood better the motives for the killing of Jesus (see attached post,) I realized it was the monopolization of the monetary system itself that was the most important thing to focus the most on, because it opens up so many opportunities for the ruler to control people's behavior and extract wealth from them.

Looking back, it feels like I have been wrestling with an onion, but I see more clearly now, that the main focus has to be on the simple question of monetary monopoly vs. monetary freedom, something which luckily is reflected in all of my books on money.

If we in the public debate can focus on this core subject, monetary monopoly vs. monetary freedom, instead of just talking about the symptoms, such as for instance price increases, I believe it will be easier to win over more people in our fight against the political elite.

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