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FOX – stephenstillwell – Medium

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Those charlatans are the refuge of despair, frustration, anger.

They prey on disenfranchisement to deliver their hateful lies, to an audience thirsting for recognition, for an end to pain, for all those things promised by State, intellectuals, and church.

The power of these, likely ignorant, and perhaps sincere, zealots, evaporates with our equal inclusion in a globally standard process of money creation.

Adopting a rule of inclusion to manifest a stable, sustainable, regenerative, inclusive, abundant, global economic system, is impeded primarily by ignorance and deception.

Ignorance of the nature of money, the process of money creation, and how that allows Wealth to control everything.

Deception by those who inequitably usurp the fees earned by each human on the planet.

Money creation is simple enough, State spends it to buy whatever It needs, or Bank loans it into existence.

There is no moral or ethical justification for this.

State spends our labor, but does not own our labor. Money spent by State may claim any human labor available, or any goods produced by human labor.

Citizens are required to honor the debt of State as though it is our personal IOU, by law. State asserts ownership of our labor, and anyone wishing to purchase our goods and labor must get money, by trade or purchase or loan.

This structure, our acceptance of the IOUs, the money, in exchange, makes money valuable so Bank may charge fees to lend money. Those fees, that interest charged, is for our acceptance of the money in exchange, not for the simple accounting done by bank, which is charged separately. Those fees rightfully belong to us human beings, for the service of loaning our goods and labor in exchange for these IOUs, these manufactured options to purchase human labor.

That is the nature of money, an option to purchase human labor. So, money creation is the global human labor futures market, and that is rightfully, equally, owned by each owner of human labor, not State, or Bank.

Now the process gets worse, & more complicated, when State tries to account for all our labor it spent.

State sells bonds, IOUs, to Wealth and pays fees to Wealth for creating money by borrowing it into existence from bank, at a lower rate.

So, State makes two IOUs. One we must accept as our own, and another, to pay our rightful option fees to Wealth, with our tax money. Bank also creates IOU’s we must honor as our own, collecting our fees as interest, and keeping them.

No one seems to notice how fucked up this is, or they create distractions and deceptions to help hide it.

The economist Piketty has written two very long and complex books, supposedly showing how economic inequality is maintained and grows, thousands of pages. But he doesn’t mention this, and this tiny foundational inequity explains the bulk of the problem, while the other, lesser, dependent, inequities rely on this.

There is a simple, ethical correction. The ‘silver bullet’ we are told not to look for, because it ‘doesn’t exist.’

Just pay us our fees

Allow each human to claim an equal Share of the global human labor futures market and become an equal financier of our global economic system. (A major psychological improvement)

It’s getting simpler, not more complicated.

A rule of inclusion for international banking will require local social contracts to be written, and signed, to claim our Share, based on ubiquitous access to affordable, fixed cost, money, for secure investment. So we go to our local deposit bank, claim our Share, and deposit in trust with our local fiduciaries and actuaries.

Now when bank loans money into existence, the money is borrowed from us, and we get the fees.

Now State borrows its money from us, through our trust accounts, and pays us our fees, instead of Wealth.

No more bond market is a major simplification. No more fractional reserve banking, less so, but ends an unethical practice.

In about a decade of making the suggestion, no one has constructed an argument against, or disputed any assertion of fact or inference relative to the current money creation process, or the suggested correction.

The ignorance and deception though, is strong. Without argument against, or moral justification for the current process, economists refuse to even discuss the point. Widerquist dismisses money creation entirely with claims that my questions are incoherent, refusing to acknowledge the inequity he is fully aware of, and has written about. The inequity of loaning more gold certificates than bank held gold is part of the history he uses as distraction. That inequity is currently fractional reserve banking, as he is fully aware.

Now it’s a matter of correcting the inequity and accessing peace and prosperity, force a violent global conflagration, or continue the killing of vital, intelligent human beings, to maintain the enslavement of humanity.

You know the path we’re on, and that’s why everything is getting stupider.

Here is a specific, ethical, demand

Thanks for your kind indulgence

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