Today’s Contemplation: Collapse Cometh XXXII
Today’s missive was motivated by a former student’s (and eventual colleague) question regarding a Facebook Post I made regarding COP-26.
Here’s what I posted:
COP-26. Be aware…
These elite confabs are not about climate, except to leverage the fear factor over it to meet the primary concern of the ruling class: control/expansion of the wealth-generating systems that provide their revenue streams. It’s additionally a marketing expo for ‘green’ energy products; a mechanism for helping to steer the mainstream narratives; and a justification for further enrichment of the elite via massive expansion of fake fiat currency.
It is not about saving the planet.
And here is the comment I am responding to:
The greenwashing of society is ridiculous. People continuing to buy useless things they don’t need that will not help the environment and now feeling good about draining their own pockets. The elite lining their pockets and masterminding it all. Curious, what do you mean by fake flat currency?
My response to Michelle:
Thanks for the question. It has motivated me to write a rather lengthy response that I have ‘published’ with my ongoing ‘series’ on Medium. You can find it below:
Basically, the currency we use is supposed to carry with it a number of ‘qualities’: use as a medium of exchange; a measure of ‘wealth’; and, a store of ‘value’. As with virtually everything the ruling class touches, our ‘fiat’ currency has become a tool of control and wealth extraction through its creation and distribution mechanisms (just another in a long line of examples that have lead me to believe that the primary motivation of our ruling class is the control/expansion of the wealth-generating systems that provide their revenue streams; everything they do seems to serve this purpose in one way or another).
Our ‘money’ has always been problematic in the ability to be manipulated, but became even more exploitive in nature once removed from its tie to physical commodities, such as gold and silver, that served to constrain somewhat the level of abuse — thanks Richard Nixon and fellow politicians of the time. Since then, money (with the aid of the monetary policies of our central banks) has been able to be created from thin air in staggering amounts. This exponential growth in currency destroys it as a store of ‘value’ — the quality that most significantly impacts the ‘average’ user.
The term inflation actually refers to this growth in currency but has been twisted (as language often is by the-powers-that-be, think about the notion of ‘clean/green’ energy and the greenwashing that has and is occurring) to represent something ‘beneficial’ when it is for the ‘average’ person actually quite detrimental (classic Orwellian doublespeak). When the term inflation is now used it usually refers to the increase in the price of consumer products, and those running the fiat currency system market this price increase as beneficial to the economy and pursue it believing they can control it and its consequences (the belief that one can control/predict a complex system is perhaps one of humanity’s greatest shortcomings).
In reality, this currency expansion is primarily beneficial to the creators and distributors of money, and those first in line to receive this newly ‘minted’ money — usually governments and wealthy elite who can more or less avoid the impact of price inflation by getting access early, thus the lack of resistance by governments and large businesses to reign it in; to say little about the banking system that creates the currency and then charges interest on its product made from nothing. Once this flood of currency filters down to the ‘average’ person, its ‘value’ has decreased significantly because of consumer price inflation (what we witness as a loss of purchasing power — which of course is drastically underreported by the government institutions that ‘measure’ it; primarily because of the way they manipulate the statistics with the actual price increases people experience multiple times higher than the value reported and broadly regurgitated by the uncritical establishment media).
The issue is far more complex and convoluted than I could summarise in a few paragraphs, and I am sharing my ever-changing view based on relatively limited reading and experience. There are a myriad of books written about the subject.
And I haven’t even touched on the ‘narrative managers’ (academics, private economists, government bureaucrats, journalists, etc.) that steer the public perceptions of this gargantuan scam for that is what our monetary/financial systems have become (and thus our entire economic system): they have morphed into the largest Ponzi scheme ever created. In fact, we have entered a time where without constant growth (thus exponential in nature) the entire scheme collapses — the classic definition of a Ponzi scheme, one in which we are all embroiled.
For a long time, the growth needed to ‘fuel’ our economic system was provided by our exploitation of the planet and its relatively preserved and seemingly limitless resources. That changed, however, as we began encountering diminishing returns on our investments. For the past 50 years or so this growth has been predicated upon the expansion of debt/credit (i.e., fiat currency creation) and has, unfortunately, entered a very dangerous territory where debt repayments are exceeding people’s ability to even pay for their interest, let alone principal. To say little about the fact that debt/credit is in essence stealing from the future in the form of claims on future resources (especially energy) that are not only increasingly difficult to procure but in many cases don’t or won’t exist in the future because we live on a finite planet.
Our ‘prosperity/wealth/growth’, therefore, is in a sense all ‘fake’. A Potemkin village if you will. It appears solid and real on the surface but behind the façade is nothing but the ‘promises’ of our feckless ‘leaders’ — and we should, by now, know how much integrity these class of people have and how much of the ‘truth’ they spew. Zero, except perhaps some kernel of it that can be manipulated and leveraged to their advantage.
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