give every family in every land enough of the earth to live on

[Tony Gosling]

Money that serves rather than rules should simply be a means to 
facilitate exchange, and there's something unwholesome about how 
we've become so utterly dependent on it. We all seem to have lost 
sight of the fact that it would be relatively simple to give every 
family in every land enough of the earth to live on, work on and grow 
some food and keep a few chickens on without having to pay anybody 
anything for the privilege of doing so.


Biting the economic bullet
http://rt.com/op-edge/170432-west-delusions-right-forget/

It has been so much easier for our politicians to go along with the 
lie of an 'economic recovery' bubble than to spill the beans about 
all this printed 'QE' money just artificially 'puffing up' the 
figures. Neither do they like to mention the inexorable rise in the 
national debt, now around 1.3 trillion pounds ($2.23 trillion) which 
will clearly never stop growing let alone be paid off. Certainly QE 
is helping stocks, shares and asset prices as well as keeping the 
pension funds happy but at some time in the future those valuations 
will have to come down to earth, most likely with a bang. And a crash.

When they do you can be sure the power elite financiers will make a 
killing buying up distressed assets which are being sold off cheap 
but there will also be the sort of turmoil that goes with any 
collapse in confidence. The financial services industry sells 
confidence but when the bubble bursts and that confidence breaks it 
will smash across the real economy like a tsunami.

Imagine the 2001 Argentinian financial crisis but on a 
transcontinental scale. Savings wiped out for hundreds of millions of 
people. Millions made jobless overnight. Suddenly everything we ever 
thought we knew we could rely on, the very life blood of a capitalist 
society, collapses. What takes over rather quickly is the need to 
secure water, food and shelter for us and our families. Without money 
for these basics societies quickly atomize into a fight, even amongst 
neighbors, for physical control of territory and provisions. Out come 
the handguns, then the AK47s and inevitable invoking of the most 
draconian government powers in martial law.

View of the Buenos Aires Stock Exchange building, March 7, 2001

View of the Buenos Aires Stock Exchange building, March 7, 2001

View of the Buenos Aires Stock Exchange building, March 7, 2001. (Reuters)

It's times like this that anarchists and other romantics might get 
the chance to show what they're made of but for the rest of us 
policies and priorities to avoid this law of the urban jungle must 
center around responsible state intervention and planning but it's 
difficult to see any government across the West that would be up to 
the job. Their plan of action to turn things round quickly should 
mean nationalization, arresting auditors and bankers, spending 
debt-free money from central banks directly into the economy, a 
guaranteed citizen's income for everyone, exchange controls to stop 
predatory capital flight for starters but how many would be up to the job?

Money that serves rather than rules should simply be a means to 
facilitate exchange, and there's something unwholesome about how 
we've become so utterly dependent on it. We all seem to have lost 
sight of the fact that it would be relatively simple to give every 
family in every land enough of the earth to live on, work on and grow 
some food and keep a few chickens on without having to pay anybody 
anything for the privilege of doing so.

But what would that do to GDP? Perhaps the quest for ever greater GDP 
is just killing us and the planet and it has to go, the sooner the 
better? In that case a crash might be the opportunity for a 'great 
reset'. What in the Old Testament they used to call the Jubilee? 
Sharing out the land again to everyone, yes everyone.
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