“Reality is an illusion, albeit a persistent one.”
(Albert Einstein)
Money, in a fiat economy, is nothing more than a shared illusion.
Money is created by the Federal Reserve or any similar central bank in other countries out of thin air whenever it buys an asset, usually a note issued by the U.S. Treasury, although more recently the toxic mortgage bonds issued before the crash of 2006-2008. As this money goes into circulation it is multiplied by the magic of fractional reserve lending. You deposit $1,000 into your bank. Now the bank is normally allowed to lend 90% of that money to its customers. Let’s say that $900 is used to buy a new car. The car dealer deposits the $900 in the bank allowing the bank to loan out another $810 and so the process continues from bank to bank and customer to customer until something on the order of $10,000 is created out of the initial $1,000 that was created out of nothing, a castle of debt built on a foundation of thin air.
Money does not become wealth until you borrow it from the bank, get a job and pay back the loan with interest. You have created the wealth of this nation. The bank did not create any wealth. You made yourself a willing indentured servant of the bank for the term of the loan in order to enjoy something you needed or wanted most often a house, but also things like a college degree or a car.
When you take out a loan, you are giving your working life to a bank. If you understand this fact and have made a conscious rational decision that such a loan is in your self interest, so be it. However, the banks and the Government do not want you to make conscious rational decisions in your own self interest. They want to control your mind and your life. Of course there are others who hope that you are making decisions on autopilot. That is what marketing in a consumer based economy is all about. Every corporation and yes, even commercial religions selling you products, hope that you will remain docile, asleep, and enslaved.
As you walk through life, dealing with money, or anything else for that matter, ask yourself. Is this making me more awake? Is it increasing my understanding of the true nature of reality? Ask yourself, is this proposal or product making me free or is it asking me to exchange my freedom for security. Or worse, am I exchanging my freedom for a substance induced illusion of happiness?
The Gospel of John Chapter 8:
[31] Then said Jesus to those Jews which believed on him, If ye continue in my word, then are ye my disciples indeed;
[32] And ye shall know the truth, and the truth shall make you free.
[33] They answered him, We be Abraham's seed, and were never in bondage to any man: how sayest thou, Ye shall be made free?
[34] Jesus answered them, Verily, verily, I say unto you, Whosoever committeth sin is the servant of sin.
[35] And the servant abideth not in the house for ever: but the Son abideth ever.
[36] If the Son therefore shall make you free, ye shall be free indeed.
Saturday, July 28, 2012
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