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Sound Money and sound minds

I woke up this morning with an idea I thought I would share, that has little to do directly with me: what is the relationship between monetary inflation–which is to say, making of savings and financial prudence fiscal sins which are punished–and sense of self?

Clearly, we have a massive problem with people knowing who they are.  This is the root cause of people so desperately using sexual selves, or ethnic selves, or class selves, to define themselves.  What is the inherent benefit of defining oneself as homosexual?  Or black?  Or “disadvantaged”?  We are all unique, mutable, hopefully growing people, who may well be someone else entirely a year from now.  This is the healthy approach.

But if you are drowning, you grasp at straws, and clearly many people benefit politically–benefit in their own moral decay, hopelessness, and helplessness, as they seek power to counter-balance these unwanted emotions–from throwing straws.

Many, many things contribute to atomize people and deliver their daily quotient of anomie, but here is an idea which is new to me: what if the instability of money contributes to unstable senses of self?  There is something satisfying in controlling your own destiny by paying cash for everything, and owning what you own.  Most Americans, even though they had far less, were actually wealthier a generation or two ago, because their objects were not purchased on credit.  Those cars you see on the road: credit.  The houses you see: credit.  Most businesses depend on a line of credit.  Most Christmas shopping has considerable help from credit cards.  Whenever I go to Target it asks me if I want the whole purchase on one credit card.  It is apparently so common to use two, that every transaction offers it as an option.

Is there not a fundamental sense of who you are in the world when you own your house and car outright, and have cash in a coffee can to meet unexpected expenses, and enough money in the bank so that you don’t worry?  Is there not a different sense when you are a debtor, and exist in a web of people to whom you owe money, and likely will all or almost all of your life?

Here is an interesting article which argues that Gaddafi’s plan to reintroduce the idea of sound currency into the global marketplace was the real reason he was overthrown and killed (which made Hillary so unpleasantly and inappropriately happy): http://www.hangthebankers.com/hillary-emails-us-nato-libya-gold-backed-currency/

the great fear reported is that Libya might lead North Africa into a high degree of economic independence with a new pan-African currency. 

French intelligence “discovered” a Libyan initiative to freely compete with European currency through a local alternative, and this had to be subverted through military aggression.

I have been a voice in the wilderness with my ideas on monetary policy, and its quiet subversion of and destruction of private wealth in the United States and elsewhere.  I will post my piece again.  It is imperfect.  It has manifest flaws, and I need to change some ideas, but since few read it anyway, it is difficult to justify allocating that time.  Still, today is another try: http://www.goodnessmovement.com/Page23.html

Simply existing in the modern world means everything you have and worked for will decline steadily in value, very, very quickly, relative to historical standards.  All this money goes to banks, governments, and elites.

I continue to wonder why the Left is so fucking stupid that they can’t grasp this, since this is the sort of thing their anger is well suited for.  I wonder less about the Right, because they have their hands full simply protecting the free markets which allow the creation of wealth in the first place.  If we lose both sound currency AND free markets, we go the route of Zimbabwe and Venezuela.