Today we present the fresh release of the trailer for our recent book, Why What We Use as Money Matters, a reflection on current systems of finance and governance and how they may be throwing the earth wildly out of balance.
Could it be that it is not how, but what we use as money matters when searching for the root cause of Climate Change and other Global Problems? These nine volumes are a thought provoking exploration of modern financial and political systems and their effects on both people and the land.
What kind of book is this? It is largely up to the reader to decide. For us, it is the fruit of two years of wrestling with some of life’s deeper questions with regards to Economics, Politics, and Philosophy. It has answered many of them and, in turn, has raised other issues, for in our exploration, as you will see, the current state of affairs is laid bare for all to examine, and our recommended courses of action may be unpalatable for many.
Nevertheless, there it is, altogether thick and challenging, yet refreshingly simple, the key to reversing the effects of climate change.
In a sense, it culminates the first phase of what we set out to do here at The Mint. There will be more to come, but for the time being, we leave you to ponder the following brief excerpt:
“The natural world strives daily to achieve a perfect state of balance. Events and occurrences that, taken by themselves, appear chaotic and devoid of meaning are together part of a constant rebalancing of the earth’s delicate state. Each event is a splash of color across an oppressive gray sky that hints at a rainbow that will soon appear. “
Here at The Mint, we have learned to embrace the anarchy in which we live as an ultimate given. Anarchy is the primary state of being for all humans, whether we recognize it or not. The sooner one realizes that they live in a state of Anarchy, the better able they will be to operate within it.
We also recognize that centralized control, when exercised without consent, is bad. Fortunately, anarchic systems have a way of dealing with centralized control by forcing the disbandment of any form of control that is not obtained by assent. Not by assent of the majority, as democratic thought would have us believe, but assent by each individual. As such, if one is involuntarily subject to a form of centralized control, there is an easy escape for those who are not physically detained. The escape hatch is in the mind, as all centralized control mechanisms can be escaped by changing one’s mind about the power it wields over them.
As both anarchy and its antithesis, centralized control, coexist to some extent all around us in various forms of ultimately voluntary capitalist and socialist systems which are constantly interacting with each other, it is often difficult, if not impossible, to understand why Anarchy is superior to centralized control.
We recently came across a post on Zerohedge.com, Why Centralization Leads to Collapse, which articulates what we believe to be the primary reason the for the superiority of Anarchy:
Dissent is information
The author of the post, in a concise, well written fashion, recognizes that centralized control, which is an natural outgrowth of the desire for efficiency, leads to the rejection and ultimate termination of viewpoints that do not agree with the ideology or methods of the central authority. Dissent is ignored, hindered, or terminated.
However, is terminating dissent, the centralized authority has removed perhaps the most important means by which a system can transmit information from the margins.
This information is important as well as the activities that dissenters carry out, for the diverse and seemingly contrary activities serve to make the entire system in which people live “anti-fragile.” This means, for practical purposes, that an anarchic system is better prepared to deal with changes in data and the natural environment because it is constantly dealing with it by default, while a centralized system labors under the delusion that’s contingency plans are adequate to stave off any event that would threaten the supposedly superior system.
The rejection of dissent, then, ensures the collapse of the centralized system, while the toleration of the Anarchic system ensures its resilience. It may be said that the chief virtue of Anarchy, then, is that it prevents centralized control by definition.
God recognized this and intervened famously on the Tower of Babel to ensure the earth which had rejected Him would remain resilient. Mankind is dangerously close to constructing any number of similar towers today.
Natural Law and the Theory of Economic System Fluidity provides the theoretical basis for allowing the strengths of each economic system to peacefully work together to achieve this end and examines both the natural laws which govern economics as well as the moral basis for the existence of the nation state.
It is volume VI of the Why what we use as Money Matters series, and perhaps the most important, for it forms the philosophical core of our thesis.
We are pleased to offer it in PDF format for free here to our fellow taxpayers at The Mint, just click on the following link:
Additionally, it can be had for a mere $0.99 over at Amazon’s Kindle store and for free in a myriad of other eBook formats over and at Smashwords.com for the next month. Be sure to use coupon code: WF75E at checkout to receive the discount. The offer is good until May 25th, 2013.
As the financial world continues to turn in an ever inflated manner, we have been diligently working to complete the latest volume of the Why what we use as Money Matters series before the joyous distractions of summer in the Northwest call us away.
It is increasingly important that mankind take adequate time to pause and reflect as to what ideology is being tacitly or actively pursued as a guide for his daily toils. As the collective efforts of mankind reach an effectiveness that was unimaginable a generation ago, the throws of human action are having a profound impact not only on an increasingly interconnected global economy, but on the very earth which mankind has been entrusted with.
It is no longer a safe assumption that the natural world can perpetually work to correct the mistakes in favor of mankind. A deep examination of our motives in light of the Golden Rule is desperately needed to ensure a prosperous future for many. The key to material prosperity is allowing mankind to tacitly coordinate his varied productive efforts by promoting the ideals of true capitalism in large scale dealings, for it is the ideology which best allows mankind to respond to the incessant demands of natural law. Continue reading Marx and Rand together in perfect harmony set for release!→
The world keeps turning and has become quite unpredictable. Check that, it has always been unpredictable, the realization of one’s inability to predict what will happen comes with age.
On one hand, money supply measures around the globe are going through the roof, as is indebtedness. On the other had, the underlying economy, which had barely picked itself off of the canvas, appears to be up again, ready to be pile driven once again. What is one to make of it?
The Bitcoin is once again racing ahead in USD terms, while Gold and Silver peel themselves off of the pavement after encountering a steamroller in their path (as an aside, it will be interesting just how much $1,350 gold and $23.50 silver can be delivered, our guess is, not much.)
Our upcoming eBook, Natural Law and Economic System Fluidity – Marx and Rand together in perfect harmony, wrestles with unexplained economic phenomena such as the seeming impossibly of Capitalism and Socialism coexisting in harmony with one another, which are rapidly becoming important.
The following is a brief excerpt of our latest offering, scheduled to release late this month. Enjoy!
A Tale of Two Responses to Anarchy
In the current economic debate that rages between the productive virtues of what is referred to as Capitalism and the humanistic virtues of the Socialist ideal, it has become fashionable to assume that the virtues of one system, were its guiding principles put into action at once by all of the members of society, would eventually bring about the virtues promised by the other system in a peaceful manner.
This narrow, apologetic view taken by Capitalists and Socialists alike ignores the fact that the systems are wholly incompatible. It also ignores the fact that mankind is in a constant struggle to bring order to surroundings that are inherently anarchic in nature. The only laws that must be adhered to are natural laws, which are explored in section II of this volume.
For purists on either side of the ideological fence, compromise on any point is a slippery slope, and in the sense that the two systems are wholly incompatible, the view is technically correct. However, most economists miss the fact that it is perfectly normal and beneficial for each system to operate side by side. In fact, it is the only way in which mankind can reap the benefits of both systems at once.
All humans live and operate in both systems to some extent. The Capitalistic system is best equipped to organize resources on a grand scale and provide material goods for the greatest number of people, the Socialist system is the system that offers refuge from the rigid and unrelenting demands of the Capitalistic system’s incessant response to anarchy and the demands of natural law.
This refuge is commonly referred to as the family, and it can be observed operating the world over in all shapes and sizes.
The inescapable fact that Capitalism and Socialism are at once incompatible and completely reliant upon one another is the basis for the Theory of Economic System Fluidity.
More to come as we hack and slash our way through the draft.
In our recent open letter to Evo Morales, we brought up three principles which must operate together in a society for the greatest amount of material good to come to the greatest possible amount of people. While most assume that the principles, Liberty, Private Property, and Equality before the law, can only operate via the apparatus of government, we argue that the exact opposite is the case. By necessity, the operations of government, an ultimate sovereign, would necessarily hinder the operation of these essential principles.
The reasoning is this: These principles are so important that they must be learned and respected by every member of society. At the same time, they are so basic to human nature that they are most effectively learned by simply living amongst one’s fellow human beings. As such, the more a person is exposed to the anarchic environment in which we all ultimately live, the more quickly they will master these essentials.
The apparatus of Government can only retard the most effective teacher: Hands on experience.
The recognition of the vacuum of power called Anarchy, which all systems great and small operate under, is extremely important when trying to understand the world as we know it. However, it is not the focus of today’s Mint.
Today’s Mint is focused on Free banking. Within our three great principles, Free banking generally fits under the principle of Liberty. However, as banking and currency circulation, circa 2012 is perhaps the least free area of enterprise, it deserves special consideration as we examine what true freedom consists of.
Important as it is, the concept of Free banking may seem foreign to you, fellow taxpayer, as it is to nearly every other person, great and small, on our beloved earth.
However, the concept of Free Banking is perhaps the most important thing that men today can dedicate themselves to, for it is the lack of Freedom when it comes to currency and credit which has lead to stripping of the earth’s resources and the resulting environmental problems which a number of developing nations suffer from in a disproportionate manner.
Specifically, the suppression of Free Banking has caused the activities of man to create what is an unsustainable imbalance with the demands of the earth’s natural systems.
So what is Free banking? As the name may suggest to many in the developed world, it is not a lack of monthly charges on a bank account, rather, it is the freedom for banks to compete as issuers of credit and safe keepers of currency in any form.
The current slave banking system’s fatal flaw is that it is obligated to issue credit and accept deposits in currencies which are nothing more than debt issued by a Central Bank. This constraint causes the currency created by the Central Bank to be the basis of all of man’s activities out of a necessity to pay a tax to the government in said currency.
To compound this fatal flaw, the issuing Central Banks actively manipulate the interest rates, which affect the price of the flawed currency and credit, making the value of both the credit and savings of everyone completely subject to the whims of the Central Bank.
If the currency which everyone was working for had been created legitimately by the labor of another man and its price, via the interest rate mechanism, allowed to respond to real supply and demand signals, a natural balance would be struck between credit and savings in society. This balance would express itself as conservation and eventual increase of the earth’s resources.
However, the currency which everyone is working for is nothing more than a piece of data created by a computer and printed onto a piece of paper and, via the active suppression of the interest rate mechanism, is not allowed to be properly discounted. As such, all of the labors of man are set towards destroying the earth, turning it into more pieces of paper, and depositing them into a bank in order to close out the credit account created by the computer.
We observed the zeal with which Evo Morales and other revolutionary leaders have implemented reforms by closing down a majority of the ministries of the government almost immediately upon gaining the power to do so. It is a swift move in which they attempt to consolidate their power. However, as one studies these cases, they will see that often there was one notable exception that was allowed to continue operating: The Central Bank.
The Central Bank is often seen as a sacred cow, even by those who vehemently opposite it, on the grounds that the currency and interest rates are too important to day to day life to be to the incapable hands of the people, which is what the concept of Free banking is all about.
However, it is for this very reason, the indispensible role of currency and credit in society, that currency and interest rates CANNOT be left in the hands of any one entity, no matter how much clairvoyance is attributed to them.
No one would argue that grains and fuel are important to everyday life in nearly all the earth. However, even hard core Marxists would be hard pressed to admit that all peoples would be better off were only one entity given the ability to produce and set the price for either. As such, it has been proven over and over again that the expansion of the ability to produce such indispensible items not only provides them in sufficient quantities to satisfy demand, it will do so at a price that is more or less tolerable for all (this argument, of course, is null if the price is controlled by a single entity).
While free market proponents are quick to recognize the benefits of the freedom to produce grains, fuels, and healthcare, for example, they become hardcore Marxists when it comes to currency and credit. What those who fall into this trap fail to realize is that all of the virtues of free markets are worthless if the most basic economic common denominators of currency and credit are not allowed to operate in as nature intended.
Free banking would allow free markets to solve all the problem of scarcity in currency and credit in the most efficient way possible. Why, then, is Free banking seen as the ultimate boogeyman by those in authority? It is for one reason and one reason only:
Control of currency and credit represents the ultimate authority in the material world.
While free market reforms can go a long way towards liberating the peoples of the world, the task and to close down the Central Bank and allow both the banks and the people to choose in what currency they will issue credit and maintain their savings. Far from leading to anarchic chaos, the basic need for exchange and the issuance of credit amongst humans would cause all of society who wished to trade with one another to arrive at a tacit decision as to what is best suited to serve as currency.
While in most cases, this tacit decision has arrived on Gold and Silver, the British and American empires, the most recent examples of empire, grew so wealthy that lesser metals, such as copper, were thrust into use as currency.
The Lakota people declared their freedom from the sovereignty from the Government of the United States government in 2007. As an important part of this process, they knew that it would be necessary to establish their own monetary system. Further, they recognized that to simply choose another currency would again make them slaves to the creators of that currency.
To solve this problem, they opened the Free Lakota Bank and adopted what is known as the American Open Currency Standard, which is attempt to return to a balanced system of metallic weights and measures to use as currency which is recognized and traded internationally.
While this may seem now like an impossible step to take, the Peoples of the earth must enjoy free banking if they are to enjoy Liberty, Private Property, and Equality before the law in any meaningful way. For the lack of options in currencies in favor of the Central Bank’s monopoly on the issue of credit will keep the Peoples of the earth and their governments in the bonds of financial slavery until the Freedom of Banking is restored.
Free banking, by its very nature, does not obligate a people to adopt a currency standard, as the native Lakota people have. While the most likely outcome of the liberation of the currency and credit markets is for all involved to quickly settle on a new currency standard, it is necessary to guarantee that all Peoples the right to choose which currency they want to hold and to bank in. This is the only way that man can live in harmony with one another and with the natural world. This freedom is the spirit of the principle of Free Banking.