Changing How Money Works

UN-PRESIDENT’S DAY: UNTIL YOU CHANGE HOW MONEY WORKS, YOU CHANGE NOTHING
By Carolyn Baker

Economics is the study of our optimization (creation, management, allocation and destruction) of our resources. To optimize something is to make the most of it. Our spiritual and intellectual resources are infinite. That means there is more of it than we could ever use up. Our resources in the material world —such as air, water and land—- are finite. Most of us believe that we have a responsibility to take care of the land, to take care of each other, and to take care of ourselves. Economics is a body of knowledge that helps us do that.

Catherine Austin Fitts, “Economics 101: A Curriculum” (which may be read at her Solari website)

All-too frequently I encounter activists who don’t like to talk about money. While they crusade loudly for “economic justice”, they resist talking about their own relationship with money as if it were somehow an X-rated topic on par with sexuality or bathroom habits. In other words, these well-meaning individuals have little or no financial literacy. For this reason I wrote a 2005 article “Activists And Accountants: Absolute Allies” in which I emphasized that economic IN-justice only happens when people sacrifice sustainability for profit and that whenever we attend to our own sustainability and that of our community, we are practicing economic justice, but we cannot do so without acquiring financial literacy.

My experience has confirmed this for me so profoundly in recent years that I have come to agree wholeheartedly with Catherine Austin Fitts that until we change the way money works in our personal lives, our communities, and our world, we will change nothing. I know of no one else on earth who has so clearly articulated the way sustainable and unsustainable economic systems work as Catherine has. For this reason, I place little emphasis on the role of presidents as I teach history to college students or in my thinking and discourse on the government of the United States and how it functions.

“Tapeworm” is the name Fitts applies to the economic system of the U.S. which seeks to feed upon both its inhabitants and its neighbors, near and far, and at the same time, ingest them with toxins which cause them to crave the very elements which feed the Tapeworm, thereby establishing a perpetual search-and-destroy economic system. Inherent in Tapeworm economics is the primacy of centralized financial systems such as the Federal Reserve, national and worldwide banking networks, a complex global economic apparatus, reliance on agribusiness for food supply and distribution, and the privatization of resources—all without financial transparency or accountability.

Conversely, a sustainable economy is de-centralized and locally-focused, relying on small, well-managed local banks; food supplies which are grown, financed, and distributed locally; community ownership of land and resources; local commerce and industry; and above all, financial transparency.

Read the rest here.

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