Something Wicked This Way Comes

I think I should let my readers know something. Things are about to get worse, they are going to get a lot worse. On Friday, the 13th by the way lol, nine European countries had their credit ratings downgraded. That may not mean much to you; but, let me put it in personal terms. Imagine that your credit rating went from 750 to 650, you would have to pay higher interest rates for anything you bought on credit, same thing here.

As Europe's currencies crash and burn, it takes ours with them. Remember where I wrote about how we had approved massive "loans" of dollars in exchange for European currencies. Remember how the Federal Reserve lent Billions and Billions to European central banks. The currencies are all knotted together.

So what happens when the currencies are no longer valued? Well, a number of years ago the Mexican peso collapsed and they came out with a new peso valued at like 100 to 1 of the prior peso. In other words, they deflated the value of their old currency and paid off their debt with their new currency. Basically it is like paying off your debt at 10% of your promise. It is a form of hyperinflation that only effects foreign debt. This might sound like a good idea; but, it is meaningless when all of the currencies are interwoven.

We are going to be poorer, that is the bottom line. The United States has been globalized. So what solution will be offered, the same one that was given to Europe, we will be taxed more and given less. In Europe they call it austerity. While I agree with much of what Ron Paul believes, I disagree with austerity as proposed. There is a foolishness in this country that confuses capitalism with democracy. They are not the same.

Democracy is where the majority make laws. Aristotle believed there were only six types of government. Government run by one person for either the benefit of others or the ruler. Then you have government run by the few for the benefit of others or themselves and finally government by the majority for the benefit of the majority or all. Aristotle believed all eventually came to benefit their own group. He believed that democracy was best because it benefited the most, it at least benefited the majority.

We don't live in a democracy, the government is being run for the benefit of a few, not for the benefit of the majority. Once we get past the type of government we have you have to consider the type of economy you have. You can have a king and still have capitalism or communism or many different isms. I would like to think that we had capitalism; but, we do not. We have a highly regulated economy. Your business is regulated in many ways including the fact that you don't have the right to do business with whoever you want. Put up a sign on your restaurant that says no blacks or gays or whatever, you will get in trouble.

The truth is that the United States has ceased being capitalistic and democratic. Once you understand that, you can begin to understand what will happen after the currencies collapse. Austerity. Austerity is where the majority get less and the laws only favor a few. We call that an oligarchy, the use of government to benefit the few ruling elite.

We don't have much to look forward to in the way of politicians. We have a series of wealthy people who openly state that they are dictatorial and don't care about people who are not rich. Then we have Ron Paul who would make the poor pay for the mistakes of the wealthy. None of the candidates actually cares about how we distribute wealth equitably. They are more concerned about "capitalism" then they are with Democracy. When a nations economic system does not benefit the majority, then you have no democracy, you have an oligarchy.

The solution, there must be a solution. There is, it is a cashless society. There was an article last week about a German woman who hasn't used cash in 16 years. You won't have cash, just debt, in the end that is all cash is, a promise to give materials or labor in exchange for the materials or labor of another. That is currency, that is the dollar, that is money.

Please read the linked article and watch the video, it is what IBM intends to benefit from in the next five years. Peace and love.

Beyond the Cashless Society: IBM’s Vision for the Future