Big Think

Gnos Grajab on October 20, 2008, 2:54 PM

I cannot say what is viable in today’s world because of the complexity of our economic systems, globalization, and the rapid changes being brought on by information technologies. I would, however, say that the interdependence of international economies creates a greater need for stability since failures in one country can harm many others. The efficiencies gained from taking advantage of Smith’s ‘natural advantages’ comes at a price, interdependence. I would like to see more of a focus on self sufficient local economies, at the cost of efficiency, than on development of global supply chains. Changes to the structure and organization of our monetary system could encourage this. Unfortunately, I see such changes as unlikely, since they would hinder the consolidation of economic power and the mobility of capital. Small scale alternative monetary systems (even barter) may help local economies weather the storm, but I do not see them supplanting our primary monetary system.

Gnos Grajab on October 20, 2008, 7:48 PM

I think I may have misunderstood your question. By ‘alternatives to our monetary system’ do you mean a move from Chacago school economic ideas (the direction we have been heading) to another set of ideas (Austrian, Kansian)? Are you talking economic theory or the mechanics of our monetary system?

Brad Strong on October 26, 2008, 10:53 PM

Do we have an alternative? Of course we do. First we need to recognize the fraudulent nature of our monetary policy. To save me some typing watch: http://video.google.com/videoplay?docid=-9050474362583451279
This system of money=debt is a fallacy of logic and the failure of all fiat money systems is inevitable. Furthermore, there will only continue to be a transference of wealth from poor to rich through the inflation tax. This is obviously creating an even more pronounced gap between the rich and poor. Since signing in the federal reserve bank in 1913, we have watched the middle class slowly ebb away to be the mere shadow of what it once was. Do we have a choice, yes. The issue is what actions do we take for social reform? I like the French approach personally. Country wide work strike and take to the streets. The goal would be to expose the banking cartel with an absolute boycot of JP Morgan Chase, Citibank, and Bank of America to start. Step 2-Turn off big media, stop watching the news and forget the paper. It is pre-filterd to tell us what they think we should know. 3-Boycott the military. 4-Stop supporting the energy companies and get off the grid, drive a small car. 5-Reject the political system. The difference between D and R is a trivial distraction since they exist not to care for the people, but to keep the system in place. If they wanted change they had a hundred years to prove it. The collapse of our system is due to its fundamental flaws, some of which I have mentioned here. A system that is fundamentally flawed is no system worth saving…

Brad Strong on October 27, 2008, 1:43 PM

roakes,
Don’t get me wrong, I really don’t think that we will learn from this one tiny financial breakdown of every monetary system in the world… What I do believe will happen is that the fraudulent nature of our money system will be exposed ever more quickly, enlightening people to the true nature of corporatocracies, and the destructive nature of fiat money. I don’t think anything will change from this, no. The people who are selected to monitor and guide the FRB and other central banks, as well as those chosen for the staged reality tv show we call elections are there to keep the system going no matter what. They will not just walk away. Don’t get me wrong, I don’t expect us to just wake up. It happens one person at a time.

I’m gonna put this out there again:
http://video.google.com/videoplay?docid=-9050474362583451279
watch and circulate this short video,(about how our money works) like wildfire and maybe we can put an end to this nonsensical economic slavery.

Gnos Grajab on October 28, 2008, 5:42 PM

I’m confused again, sorry it happens so much. :)

Doesn’t our banking system use fractional-reserve banking? Doesn’t this have the affect of limited money creation, dependent on the fraction reserve rate?