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By Tom Dennen, the paranoid historian (Reporter)
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Dead or Dying: Killer Capitalism! Dying from Exploitation, Outsourcing, Retrenchments, Greed, War Profiteering. Growing Up: Creative Capitalism: Progress and Prosperity, Teamwork, Stock Options, Profit Sharing. What Kind of Company Do You Work For?

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by Tom Dennen

That bomb represents 50 million bushels of wheat.

By translating paper money into debt, primarily through war, bankers have accumulated unspeakably vast fortunes, swindling governments and their citizens with high interest rates that have brought debt beyond anyone’s or any country’s ability to repay, ever.

Which means foreclosure or theft of a nation’s assets.

In the US bankruptcy and foreclosure means the loss of all national assets from the Yosemite National Park to the Everglades and all public buildings including the White House although Mr Obama probably won’t be sleeping in his car.

European and American “debt” is nothing more than Usury & with the collusion of European governments since 1650 and American since the 1913 introduction of The Federal Reserve system, that debt means bankruptcy and foreclosure of all national assets is inevitable – and going on right now!

But all this has been said and more – it’s time for solutions and they are already up and running!

What I call Killer Capitalism is finally being killed off after 400 years of structured Greed, labor outsourcing, perpetual wars and a counterfeit National Debt, all of which we were warned about by many people from Tacitus in AD 29 to Arthur Hailey in1975 (“The Money Changers”).

I will get to what is replacing Killer Capitalism after a quote from Hailey below – we have to return to the gold standard of course, but the real replacement of this scourge is something much more exciting, something that’s already happening across the globe, literally on the ground:

Hailey: “Do not believe the glibly touted myth… that there is something complex and elusive, defying easy analysis, about corporate, national or international finance.

All are simply housekeeping – ordinary housekeeping, on a larger scale.

The alleged intricacies, the obfuscations and sinuosities are an imaginary thicket. They do not, in reality, exist, but have been created by vote-buying politicians (which means all politicians), manipulators and Keynesian-diseased ‘economists’.

Together they use their witch-doctor mumbo-jumbo to conceal what they are doing, and have done.

What these bumblers fear most is our simple scrutiny of their activities in the clear and honest light of common sense.”

(Ron Paul’s ‘Audit the FED’ movement is universally feared in Washington – td).

For what they,” Hailey continues – “the politicians mostly – on one hand have created a Himalaya of debt which neither they, we, nor our great-great-great-grandchildren can ever pay. And, on the other hand they have printed, as if producing toilet tissue, a cascade of currency, debasing our good money – especially the honest, gold-backed dollars which Americans once owned.

… It is all simply housekeeping – the most flagrantly incompetent, dishonest housekeeping in human history.

This and this alone, is the basic reason for inflation” – 1975!

Like I said, we’ve known for quite some time.

What Capitalism may evolve into is what I call “Creative Capitalism” hopefully now rising in place of greed – the one with Share Options, Bonus Incentives and General Prosperity as its goal.

And how is that going to happen?

Among many other reforms, a return to the gold standard.

It’s easy to blame the current collapsing system on “Capitalism” aka “Usury” but that’s misleading: it’s only the greedy side of Capitalism. Free Market Capitalism is the Creative side of the coin that takes its users to general prosperity rather than unrepayable debt.

The killer side not only racks up unrepayable debt, but takes the profit-before-people concept to its logical conclusion: Orwell’s 1984 scenario – the mortally expensive Never-Ending War.

Killer Capitalism discards its helping teams as soon as the job is done or can be done cheaper elsewhere; those helpers then become ‘unemployed’ or unemployable’ and any savings or assets they might have collected is also often taken from them, including their home by foreclosure.

Creative Capitalism rewards its teamss with stock options, bonus incentives, a general sharing of the wealth accumulated through the whole company’s efforts – do you work for that sort of company?

If you don’t, look around.

Right now, Creative Capitalism is only practised by a few enlightened ‘smaller’ business people like the South African who sold an encryption program to Verisign for $500 million-dollars, Space Traveller Mark Shuttleworth.

He gave each of his employee a million bucks AND investment advice so they didn’t blow it like some lottery winners do on stock market scams like Tulip Mania, which, I believe was an experiment – the first recorded speculative ‘pump & dump’ bubble four hundred years ago; or what I call the first controlled demolition, and, like the steel girders on the 911 Towers, the removal of innocent speculators’ wealth was conducted by a ‘class’ of people known for thousands of years as inter alia, Usurers.

And because of that practice, they were always removed from every society in which they set up usurious lending – until that history-changing demonstration involving Tulips – when they were finally assimilated into western economies and Fascism became entrenched.

That Usury has been on the outskirts of society for some time is illustrated by this short description of Ancient Roman finances by a journalist called Tacitus, written in AD 29, around the time Jesus threw the Money Lenders out of the Temple:

“Meanwhile a powerful host of accusers fell with sudden fury on the class which systematically increased its wealth by usury in defiance of a law passed by Caesar… defining the terms of lending money and of holding estates in Italy, a law long obsolete because the public good is sacrificed to private interest.

The curse of usury was indeed of old standing in Rome and a most frequent cause of sedition and discord, and it was therefore repressed even in the throes of (governments) of a less corrupt morality.

First, the Twelve Tables prohibited anyone from exacting more than 10 percent, when, previously, the rate had depended on the caprice of the wealthy.

Subsequently, by a bill brought in by the tribunes, interest was reduced to half that amount, and finally compound interest was wholly forbidden…”

A check too was put by several enactments of the people on evasions, which, though continually put down, still, through strange artifices, reappeared… and the the matter was referred to the Senate.

In their dismay the senators, not one of whom was free from similar guilt, threw themselves on the emperor’s indulgence.

He yielded, and a year and six months were granted, within which everyone was to settle his private accounts…
”Hence followed a scarcity of money, a great shock being given to all credit… (this) in consequence of the conviction of so many persons and the sale of their property, being locked up in the imperial treasury or the public exchequer.

To meet this, the Senate had directed that every creditor should have two-thirds his capital secured on estates in Italy… at first, there were clamorous meetings and importunate entreaties; then noisy applications to the praetor’s court, and the very device intended as a remedy – the sale and purchase of estates – proved the contrary, as the usurers had hoarded up all their money for buying land.

The facilities for selling were followed by a fall of prices, and the deeper a man was in debt, the more reluctantly did he part with his property, and many were utterly ruined.

The destruction of private wealth precipitated the fall of rank and reputation, till at last the emperor interposed his aid by distributing throughout the banks a hundred million sesterces, and allowing freedom to borrow without interest for three years, provided the borrower gave security to the State in land to double the amount.

Credit was thus restored, and gradually private lenders were found…”

Okay, that was two thousand years ago and it’s happening again today and a return to the gold standard will take some time.

But what’s really going on today, what is different from the centuries-long economic amnesia is a return to the idea of The Commons (and why the Preppers are right), a return to the soil as a self-sustainable source of wealth, a return to food sovereignty.

Food is one of the most powerful political weapons known: if you depend on a gas-driven truck and supermarket distribution system you will starve if it breaks down or the truckers go on strike or another Katrina wipes out your local infrastructure…

“Rain” by Thomas Kinkade…

The little town of Todmorden has been going like this since 2008 with its incredible edible project: Welcome to todmorden and the future…

We might owe our Souls to the company bank – and it took ‘em 400 Years, but it can be fixed in one generation!

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    Total 4 comments
    • ben

      (1/2) I agree that the circumstances of the Roman financial crisis sound very similar to what has happened the last few years here in the US, but I have to disagree that the example provides support for a return to the Gold Standard. The reason I say this is the source of the immediate crisis was a loss of confidence in the banking system resulting in a Bank Run. It sounds like there were a number of elements (over investment in illiquid assets such as land and over borrowing as well as others) which combined to cause there to be too little cash circulating in the economy. The action that the emperor/government took which averted the crisis was injecting 100,000,000(Roman money units) into the banking system (this is almost an exact description of the “B” word; yep a Bailout saved the day). The addition of enough money into the banking system calmed people down enough as that they regained confidence that when they went to get money out of the bank it would be there. So in summary; people have a total X amount of money in the bank, the bank has or is thought to have immediate access to >X money, all of a sudden everyone wants their money, if some intervention doesn’t happen the bank will run out of money and the people who hadn’t withdrawn their money yet gets hosed, luckily the Government intervenes with big bailout and ends the panic. The key point is that the panic came from people worried the bank would run out of money, not that the money they had would become worthless. The purpose of the Gold Standard was that for each $1 in currency there is in circulation there was $1 worth of Gold in the Treasury (cont.)

    • ben

      (2/2) The main benefit that the US got when we went off of the Gold Standard and went to Fractional reserve banking was that doing so increases the amount of currency in the economy. The worst Bank Run in US history was right after the 1929 Stock Market Crash and the Gold Standard did not seem to help much. Even beyond all that, if as a Country the US only has as many $’s in circulation as we have in reserve in Gold, then any changes in the GDP have to either be immediately matched by buying gold (if GDP goes up there is more currency in the economy) or selling gold (if GDP goes down there is less), if this isn’t done soon enough the difference in value between the Gold Reserve and total currency will self correct causing inflation or deflation.
      I hope this makes it clearer that while there are pros to the Gold Standards the cons outweigh them.


      • Tom Dennen, the paranoid historian

        Thanks Ben,

        The point is that paper currency needs to be backed by some kind of tangible asset like gold or silver – even national treasures, including labor (Lincoln’s Greenbacks).
        If it isn’t, then it only has the initial value it had when issued as the base amount of money in circulation – print any more and you inflate the existing currency:
        At one state Rome issued a gold coin worth, say, a bushel of wheat or one goat. It was later debased by making half of it pewter. It didn’t take the wheat and goat merchants long to demand two of the debased coins so they’d get the full gold value for their products.

        • ben

          A fiat currency (not backed by something of tangible value) changes in value when its purchasing power in terms of the percentage of the total that can be purchased changes. Which sounds like a really fancy way of saying what you just said, and you are absolutely right that if without changing anything you increase the amount of money in circulation inflation will occur and each unit will be worth less, but the money supply has to be changed if the amount available to buy changes. So a Fiat money supply can adjusted with the GDP so that inflationary and deflationary forces can be mitigated, on a gold standard the only way to have a change in GDP without in/deflation is if there is exactly ratio of change in the gold supply. The other thing that could happen is any significant change in the price of gold would impact the value of the dollar.

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