Gold & Silver, STAFF NEWS & ANALYSIS
Let the Elites Have Their Silly Gold and Silver … Use Local Money to Create Sustainable Economies!
By Staff News & Analysis - February 06, 2013

Can local currencies help advance global sustainability? Local financial systems that put people and the environment at their heart are welcome, but can these new models be truly scaled? Local currencies can encourage shoppers to buy local, purchasing their goods at nearby shops and markets … By definition, they can be exchanged for goods only in a limited region. So why participate? The core reason for the uptake of local currencies is their promise to serve the real needs of local people in ways that national monetary and financial systems do not. They represent a possible path to a future that is more socially, financially, and environmentally sustainable. – The Guardian

Dominant Social Theme: Let the elites have their Money Power. Give us sustainable economies supported by barter!

Free-Market Analysis: Elite memes run deep. If the speculative reports are true, the top elites have about US$35 trillion buried in various backwaters, probably a good amount held in gold.

These top elites apparently spend most of their waking hours – and they have a lot of leisure time – figuring out ways to confuse the rest of us.

Can local currencies help advance global sustainability? Local financial systems that put people and the environment at their heart are welcome, but can these new models be truly scaled? Local currencies can encourage shoppers to buy local, purchasing their goods at nearby shops and markets … By definition, they can be exchanged for goods only in a limited region. So why participate? The core reason for the uptake of local currencies is their promise to serve the real needs of local people in ways that national monetary and financial systems do not. They represent a possible path to a future that is more socially, financially, and environmentally sustainable. – The Guardian

Dominant Social Theme: Let the elites have their Money Power. Give us sustainable economies supported by barter!

Free-Market Analysis: Elite memes run deep. If the speculative reports are true, the top elites have about US$35 trillion buried in various backwaters, probably a good amount held in gold.

These top elites apparently spend most of their waking hours – and they have a lot of leisure time – figuring out ways to confuse the rest of us.

As we have pointed out for years, the main methodology is via dominant social themes – scarcity promotions. The top elites – a tiny handful of people and their enablers and associates – wish to frighten people into giving up wealth and power to globalist solutions.

What we call the Internet Reformation has exposed these memes and their manipulative impact. And thus, the elites have been forced to roam farther afield in their manipulative efforts.

They have apparently implemented economic crises, created wars, renewed regulatory authoritarianism and spread confusion via false flags.

Because so many people were beginning to understand the destructive effects of the elites’ main source of wealth – monopoly central banking – a good deal of energy has been apparently expended in creating a suitable alternative.

And by “suitable” we mean one that maintains elite control.

Monetary false flags abound. The Daily Bell has been subject to scurrilous attacks because it has identified some of these false flags and suggested free-market alternatives.

Money should be designed by the marketplace. In fact, that’s how it REALLY works, historically anyway. Both gold and silver became popular because of monetary competition. And gold and silver continue to be seen as money to this day, often in tandem.

The power elite has slyly offered other paradigms. We’ve gradually become aware of them and shared our analysis as best we can. What has occurred to us over time is that many of these systems partake of National Socialism – they are NAZI solutions implemented by Hitler in his day.

Fascism, like socialism, apparently, demands monopoly central banking run by the state. A public central bank, in other words. Elites are attracted to such systems because they can easily control the government that is in turn controlling the money.

Such solutions are internally inconsistent, in our view. We are supposed to believe that monopoly central banking run by, say, India or Brazil, is somehow superior to quasi-private central banking. The state, in other words, by working the will of the people, is better able to provide prosperity. We don’t believe it.

Another apparent false flag is the idea of anti-usury money systems. The state is supposed to make it illegal for people to recognize the time value of money by charging interest. Of course, anyone who has lived under such a system knows well that people create other methodologies to compensate.

Then there are local currency systems (LETS). Those who despise freedom and wish for state control of money often propound these sorts of systems as an alternative to national control of money. But they, too, amount to the same thing.

And that same thing is elite control of money. We’ve tracked this LETS buildup the way we track other elite memes. We noticed right away that it was being conflated with a “green” agenda. Conservationism is another elite meme designed to reduce living standards and provide justification for authoritarian measures.

Now we see that LETS systems – often quasi-barter systems – are being conflated with the elites’ “sustainable” meme. The elites have a great deal of trouble defining what “sustainable” is, but it certainly sounds impressive. And because no one can define it, it provides justification for numerous authoritarian measures. You can see one of our articles on the sustainable meme here: Are Multinationals Good Citizens?

The company in question is trying hard to reduce its emissions of carbon dioxide and has made it a corporate goal. Yet there is no real consensus on global warming much less whether it is manmade.

The company is costing itself and its shareholders quite a bit of money, no doubt, by implementing systems to reduce carbon dioxide generation when humanity’s ENTIRE contribution to the world’s greenhouse effect is infinitesimal, as most is generated by water vapor.

Elites propound such fiction for purposes of control. And that goes for LETS systems, as well.

LETS systems are usually “open book” systems that demand every transaction be accounted for. A person using LETS for his or her professional compensation is revealing every part of his workaday effort to authorities if they choose to check the general ledger.

From an elite standpoint, such transparency is much to be desired, as it makes additional taxes far more easy to implement. Another point is that those who use LETS systems are perhaps not likely to try to put their savings in gold or silver.

Since gold and silver are historically a valuable form of money, the usage of LETS – and similar monetary systems – deprive people of historical savings that can be used in a crisis. Money Power is entirely foregone, leaving the elites to gather more while others are distracted by local barter.

We’ve written about LETS systems and other such monetary systems at length. We have questioned why the UN is such a proponent of such systems and why there is so much effort being made to package these systems with elite nostrums such as “sustainability” and various environmental concerns generally.

You can see some of our articles here:

Paper Money and the UN Perfect Together? More Currency and Credit Exchanges Supported by the UN

Are ‘Green’ Reciprocal Exchange and Credit Systems Part of a Larger Elite Promotion?

And here are some related posts:

Austrian Business Cycle Analysis Explains the Misery of the World

Now Let Us Celebrate Tally Sticks … or Not

In Praise of Gentle Deflation Against Greenbackers and Other Paper Promoters

The top elites are evidently and obviously desperate to blunt the libertarían attacks on monopoly central banking. They are trying to move the conversation to other kinds of state run money that they can control. They also want to disassociate gold and silver from the discussion of money so Money Power is not diluted.

Conclusion: Don’t be confused by monetary propaganda.

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