Posted 8 years ago on Nov. 3, 2011, 1:36 a.m. EST by genanmer
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.
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.
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.
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.
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.