The False hope of a long rope

The false hope of a long rope

By: Nafeh AbuNab
3/18/09
In my daily conversations with ordinary people, I’ve discovered that many don’t know how much is a billion, or a trillion, and it means the same thing to them as a gazillion! So they don’t begin to understand the stimulus package that is promising to inject 789 billion into the economy, and what kind of impact it is supposed to have.

So to simplify the Obama administration’s stimulus package in practical terms we can explain the current debt-based economy like a noose that is chocking the people, and the current theory assumes that if you lengthen the rope then they will land on their feet before they hang. For that to work you have to know how deep the fall is, and all their experts admit they are clueless to where the bottom is.

Just like in the noose, the knot is the problem, not the length of the rope, the problem of the world wide economy is that it is debt based, not equity based. So the question is how do we untie the knot and turn the rope into a lifeline, to pull us out of the current situation.

The answer surprisingly came out of a statement that Alan Greenspan, the former fed chairman, made in London last month that didn’t even grab a headline in the news. He said that it is time to nationalize the banks in the free world. He is finally learning to speak the truth at his old age.

The problem with the current economic system is that it has been trying to defy logic and mathematics for the past 94 years since the formation of the Federal Reserve Bank in 1914. You cannot create paper money out of nothing and expect to get more than what was printed. The Feds have lowered its prime lending rate to 0.25%, but that won’t work.

To solve the problem with the current structure we must turn the bankers into distribution channels for money. The first step is by nationalizing the feds, and having the country issue its own money, like president Kennedy did in 1963, and lend it to the bankers at a discount like 80 cents on the dollar, and banks lend it to people at like 85 cents on the dollar. Then tying the lending to practical needs and ideas, and not against real estate or credit scores. So as simple as the solution is what are the obstacles to its implementation?

The obstacle is that the mega rich owners of the feds, are the same owners of most of the fortune 500 companies and have been so integrated with the global economy, and are so invested in the old interest system of financial slavery that they keep flexing their muscles and show how they can lay off millions of people and bring the world wide economy to its knees. They can care less if people are getting divorced over finances, and families are broken and their homes stolen routinely through foreclosures.

So let us get down to the truth about our dire economic state. The truth is that we’ve been duped. They have created a false material world, where we are led to believe that the more we hoard of the worthless paper we call money, that they print out of nothing, but ink and paper, the better off we are. So everybody’s goal is to get rich, by any means. We’re selling drugs to each other, running financial schemes, swindling each other robbing each other, suing each other, killing each other… Yet no matter how much we hoard of that worthless paper we never feel secure. It doesn’t guarantee us against old age or sickness or mudslides, or earthquakes or hurricanes or tornadoes or losing it all. And it has an insatiable appetite; the more we have the more we want. We spend our lives chasing it, worrying about it, losing sleep over it, and at the end we depart and take nothing with of it with us.

While the true riches are those which we already posses and we need to learn how to spend them, and they’re totally opposite the material world. In the material world the more you give the less you have. While in the true treasures the more you give the more you have and it cost us nothing to give. So what are they? Love, kindness, friendship, happiness, loyalty, dignity, integrity, mercy, forgiveness, hope, liberty, freedom, honesty, knowledge, wisdom and all the values that make life worth living, and life is not worth a hill of beans without them.

It is apparent that the debt based economy has been leading us to the abyss, destroying our lives and robbing us of our humanity and sanity, and we need to turn it 180 degrees, and turn money to be a tool to serve humanity, that facilitates the exchange of goods from the manufacturers to the consumers, while helping us restore the ecological balance on our globe that has been destroyed because of it. Who has decided that a tree is worth more dead, as a piece of wood, than alive, producing oxygen?

Our system of values has been totally turned around, where the worthless has become the most valuable, while the most valuable has become the worthless. A worthless piece of useless antique is selling for millions, while millions of people are losing their homes, and lives over pennies. Oxygen is the number one thing we need to survive, yet because of the greed we’re spewing all types of contaminates and carcinogens that breathing air has become more hazardous to our health than smoking, and non-smokers are getting lung cancer at a higher rate than smokers!

It is time to ask the hardcore questions. How did we get here, and is there a peaceful way out? The end of economic inequality and injustice has historically come through violent ends and revolutions, because those who are invested and benefiting from the old system don’t, and won’t give up the power peacefully.

Though our current world wide economic failure can be blamed on few controlling families that belong to secret societies, and believe that the rest of us are worthless hopeless unemployed waiting for their handouts in unemployment benefits or worthless jobs below slavery wages…the truth is that they exist and subsist on our blood and sweat. The truth is small business is the real backbone of this country’s economy and they’re the only ones creating value and jobs that can’t be exported. Small business accounted for more than 90% of the new job creations, yet they’re getting the least attention. The Obama administration threw them a bone of 15 billion in SBA loan guarantees, but that it way below the scope of what is needed.

While their expert predecessors advised us to eat cake when bread was not available, their current experts are trying to feed us their bullshit, and tell us that the failure of the economy is not due to the debt system, but due to us living beyond our means! That we all should be living in shacks around their plantations, and sacrificing to keep them wealthy, because they worked hard scheming and passing slavery laws while we have been frolicking in the sun, tilling their fields. And their experts like Dr. Phil tell us to look at the bright side to unemployment, while we had no time for our children, now we have all the time in the world, playing camping in our homeless shelters!

The whole premise that we must save the banking industry by putting the people under higher debt that can never be repaid, is an oxymoron that doesn’t pass the basic principles of logic or practicality. It is that banking sector that has grown rich beyond imagination, and has become the problem that is destroying people’s lives, buying the factories and moving them out of the country, systematically destroying the industrial infrastructure that is the backbone of this country. It is like telling a sick person that they must strenghten the parasites so he gets better!

There is no doubt that our innate instincts of survival are stronger than our fear of any system out there, and that we always find innovative ways to get out of our predicaments, and that laws can’t stop mudslides, or tornadoes or earthquakes, nor can they stop global warming, nor the damn from breaking. The only question is are they going to be able to do it peacefully to stem a total breakdown, and transition into an equity based economy that benefits everybody, or are they going to be stubborn and stupid enough to push people to brink of no return? How can you convince the parasites to leave the body to heal?