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Forum Post: End Game (Possible economic changes ahead)

Posted 8 years ago on Nov. 3, 2011, 1:36 a.m. EST by genanmer (822)
This content is user submitted and not an official statement

Many in this movement are protesting for the removal of corrupt economic practices within our government however few are looking deeply at the repercussions of such reforms.

Situation A)

If Occupy is successful in getting the government to forgive fraudulent forms of debt (e.g. usury, speculative trading, quantitative easing, fractional reserve banking) we would essentially be wiping our national debt clean in favor of alternative mode(s) of trade. For this to occur smoothly foreign countries would have to also forgive our debts. This is because of globalization and the fact that our currency is the primary world reserve currency. We have an international economy. If they forgive debts then the state of the global economy would be wiped clean. If they don't forgive debts then they would likely demand we repay our debts to them.

In that case we are looking at the possibility of major conflicts emerging. Even if a few forgive debts there exists another issue... An international central bank is already in the works which would offer to essentially 'bail out' all the nations and create a new international fiat currency (and possibly a new international government). Regardless of whether America accepts the bailout or not, many foreign nations may willingly join the central bank. This in turn would create a brand new reserve currency more powerful than America's for international trade. That stronger currency would then weaken our status and economy. So, other countries would then have a stronger position to pressure us into joining the central bank through international trade restrictions.

The alternative to the above scenario is to begin larger international conversations (through occupy) spreading awareness against an international central bank before any debts are forgiven locally.

Situation B)

Nothing is done to reform the monetary system. Reforms to government are made which simply outlaw lobbying, separate money from politics (as much as possible), and possibly create a handful of new jobs. However the 700+ trillion dollar derivative bubble, the fraudulent national debt, usury, and fractional reserve lending are ignored.

The accumulated fraudulent debt eventually grows so ridiculously large that it is no longer possible for the government to pay the interest rates. Hyperinflation begins, triggering a much more severe scenario than in Situation A because many are caught off guard. Infrastructure is then destroyed as many struggle to hoard necessary supplies and abandon their work. Finally, the government steps in utilizing militant force to control the people and/or communities begin utilizing alternative (non-fiat) forms of trade. And once again the international central bank offers our country a bail out to alleviate the economy.

Since no significant economic reforms have occurred in this situation, it is unlikely we would have had any significant conversations internationally. This would once again places our country in an unprepared situation in response to an international central bank.

Situation C)

Both situations above automatically force our country into new economic models. And as mentioned reacting to problems rather than being proactive will have negative consequences.

The alternative to the two situations above is to develop a new economic model before any significant changes occur and to openly communicate this model at an international level while warning all against joining an international central bank/government.

Debt forgiveness is the only way to correct this system and since money itself 'is' debt I suggest people begin taking a hard look at a Resource Based Economy.

http://www.thevenusproject.com/en/the-venus-project/resource-based-economy

Regardless of what many think of a RBE we need some sort of steady state economy. Otherwise, we face not only a potential financial collapse, but an ecological collapse as well.

TLDR: We need a sustainable economy on an international level which means more international discussions are necessary.

18 Comments

18 Comments


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[-] 2 points by Calypsophia (74) 8 years ago

Agreed, wholeheartedly.

[-] 2 points by RedJazz43 (2757) 8 years ago

Much of the rhetoric of OWS is not at all reformist but rather expiicitly revolutionary. If that rhetoric is more than just hyperbole it is hard to imagine that section of OWS, which is really its intellectual leadership, being satisfied with any reform coming from what they perceive of as a corporate dominated state.

[Removed]

[-] 2 points by AFarewellToKings (1486) 8 years ago

Cleaning up our own house would inspire others to do the same. The global 99% would demand it if they see it going on in the USA. And YES, people should watch Zeitgeist: Moving Forward. "I've Seen All Good People..."

A roadmap to beginning the process? see these two Declarations:

http://thedeclarationofdesperation.wordpress.com/ https://sites.google.com/site/the99percentdeclaration/

[-] 2 points by AFarewellToKings (1486) 8 years ago

I've been following TVP for a few years thanks to Peter Joseph. Seems to me it's the livable form of "Anarchy"

[-] 2 points by jgrace (20) 8 years ago

Sustainability is key. Sound money, resource based economy, or a plethora of other ideas. The only thing that matters at this point is awareness of the monetary model and its fraudulent ways. International discussion is also key and I wish more people read this insight. This discussion is the only one that matters, the time has come....

[-] 1 points by karenpoore (902) 8 years ago

I am afraid that it is not "potential financial collapse" but a financial collapse which is already in motion. Prepare as best you can by becoming more self sustainable and fast!

[-] 1 points by nickhowdy (1104) 8 years ago

Karen, you are right on target...All the people becoming awake...May be a bit too late...Better late then never though!

[-] 1 points by genanmer (822) 8 years ago

Yes, I believe you are right.

For those already self sustaining, prepare to help your community become more self-sustainable.

[-] 0 points by karenpoore (902) 8 years ago

This is one thing I hope OWS achieves is everyone coming together in community which, of course, the 1% will not like and fight against because they have used racism, class etc. to keep us divided for control and dependence on them.

[-] 1 points by genanmer (822) 8 years ago

Opinions?

[-] 1 points by globengo (19) 8 years ago

pls send one ngo male-female couple to india in bombay at my home dr kamran khan cell 00919890414448 to boost this public cause from india i shall bear their all expenses in india and will provide them all facilities and security etc

[-] 1 points by jgrace (20) 8 years ago

Really?!

[-] 0 points by VladimirMayakovsky (796) 8 years ago

This post made no sense. The poster doesn't understand the monetary system at all, we need to teach this in US schools.

[-] 1 points by genanmer (822) 8 years ago

Please elaborate on what doesn't make sense to you.

[-] 0 points by VladimirMayakovsky (796) 8 years ago

I lost the author at speculative trading being a form of debt.

[-] 1 points by genanmer (822) 8 years ago

Money and credit 'are' debt.

If some entity doesn't owe a debt to another, money/credit holds no value.

Speculative trading (especially derivatives) exaggerates this debt. Plus it's not a zero-sum game. If you can easily prove it is great.