American Clarity Essays political, philosophical, and theological from an American romantic.

Waking up in the middle of the night with a revelation isn’t always a fun thing. Sometimes, it happens on a night when you were counting on making up for the sleep you lost during the last few nights, and sometimes you wish you could forget about whatever it is, and go back to dreaming about multicolored and magical Shamwows with beards and beautiful voices (!).

Fortunately for us, revelation wasn’t something yours truly could shake off, and I wanted to bring it to you so that you could prepare yourselves for what’s coming: massive disappointment in Republican AND Democratic leadership on two major issues, and potentially the collapse of our entire economic system. Those two issues are immigration for Republicans and the green movement for Democrats, both reforms being economically impossible under our current banking system. I’d like to tell you why, through the lens of a man named Chris Martenson. (more…)

Last month the International Monetary Fund (IMF) released a statement that they didn’t have enough funds to properly invest in failing countries around the globe, and that they were going to have to “print” money to keep entire sections of the world afloat (1)). Since the world decided that a collective shrug would be a valid response, we can safely assume one of two options:

1)the majority of the western populace is ignorant and apathetic
or
2)western media outlets have decided to downplay the philosophical significance of the event

So why’s this such a problem?

To give a little background, the IMF was created in 1944 to facilitate global economic development, acting as a central bank to the world (2). A central bank’s main function is to provide relief to failing banks, acting as a last source of credit, and within a fiat currency system having the ability to basically “print” money into existence (9). The IMF is a little different, though, because it’s an international organization that focuses on lending money to failing countries instead of banks, giving a list of changes that the recipients have to make, known as the “Washington Consensus(3).” When countries receive money, they then have to agree to implement the changes deemed necessary to stimulate their economies and ensure a return on the IMF’s investment (privatization and reduction of trade barriers are common requests).

Now, the problem with our current situation is that the IMF, an international body of officials you didn’t vote for, has decided to print money, which acts as a form of taxation because it will reduce buying power and the value of savings, all through inflation of the currency it prints. After all, when more money is available within a system, people will have to pay more for the things they want. Some advocates of the proposal have suggested this may be a good thing, since it can be said that the same inflationary function that reduces savings also reduces debts, and both American society and government are insolvently in debt (4)(5)(6). Philosophically and economically, though, this is incredibly backward. (more…)