WHY NOT NATIONALIZE THE PRIVATE FEDERAL RESERVE?
As we compose our perceptions (as opposed to opinions), what we are concerned with, if we are to succeed, is not to arrive at a mere opinion, but to refine our understanding into veritable engineering. Principles are the building blocks of engineering; and, as we say, real (true, incontrovertible) principles are only abandoned; they cannot be compromised, because that is to destroy the principle itself. This idea is key to wielding the issues before us in a way in which we will succeed.
mike montagne
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Wednesday, November 12, 2008
WHY NOT NATIONALIZE THE PRIVATE FEDERAL RESERVE?
For many years, many people have asked, why not nationalize the so called Federal Reserve?
The principle fault of this notion is that nationalizing the pretended public institution would not eradicate its principal fault. That is, a currency subject to interest will still multiply debt into terminal debt.
Nationalization further carries with it a connotation akin to socialism. Even as the central banks of the world have never produced anything, and therefore have earned no wealth, nationalization (wrongly or rightly) implies confiscation of duly earned wealth, and subsequent ownership of vital processes by the state.
In mathematically perfected economy™, there is no such ownership; there is only the obligation of the state to maintain consistent accounts as is now performed by private banks. No currency is ever owned by the state via mathematically perfected economy™; on the contrary, the circulation is merely retired, and passes out of existence, when the obligations of debtors are fulfilled. Even as it might accumulate reservoirs of taxation (extrinsic to the economy), the state holds the same position as each individual in mathematically perfected economy™; it, like the individual, can only own currency it effectively earns (unless we allow the state to confiscate wealth it does not deserve, which is not a function of the economy).
Effectively, converse to the obfuscated concept of "privatization" of the currency by a private central bank pretending to be a federal institution, mathematically perfected economy™ is a privatization of the currency in which the currency is comprised of the very promises to pay of each debtor. In other words, mathematically perfected economy™ merely replicates the natural situation, in which debtors issue promises to pay to their actual creditors, who are the producers of the subject wealth.
Usury on the other hand is an usurpation of this arrangement, wherein a "central bank" pretends to be the creditor, issuing the promises to pay of all debtors, to the real creditors (producers), at virtually no cost to itself, and yet charging us interest, as if the promises represented earned wealth of the central bank. By this obfuscation that purported risk justifies interest, we are forced in turn to maintain a vital circulation by perpetually re-borrowing principal and interest as subsequent sums of debt, with the sum of debt thus perpetually increased by periodic interest, in proportion to our means, until the sum of debt is terminal.
As none of the meager, actual apparatus of the private Federal Reserve therefore is implemented in an eventual, just economy, there is no need whatever to take over its assets, except to restore to the people what has been taken from them via usurpation, and this means of exploitation.
So this is the only reason to nationalize the private Federal Reserve; and the great danger of the coarse idea of simply nationalizing these many private entities is, that this preserves an inherently terminal process which is only solved by mathematically perfected economy™.
We only need to do two things to solve all the issues of the imposed, pretended monetary systems; and these are 1) to eradicate interest, and 2) to schedule payment of debt by the rate of consumption/depreciation of the related property.
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"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)
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