posted on May, 14 2010 @ 01:41 PM
Here is my view and opinion of how the elite and others are bringing down Capitalism.
How do you destroy it? It is actually quite simple.
Capitalism is based on free markets. The first thing you must do is remove the free markets. Regulate it to such an extreme, there is no free
First basis for a capitalist society is a STABLE currency based on a commodity base money supply. So the first thing necessary is to remove the
commodity based currency. 1913 in steps the federal reserve. The beginning of a fractional reserve banking system. For each unit of currency, you can
create say 9 units of debt based currency. Now, this causes a problem with the commodity based currency. Manipulation of the commodity is hard to do.
It causes all kinds of problems because when you create the debt currency from the original unit of currency, there really is nothing backing the new
fractional currency. Markets fluctuate wildly. Instead of the natural progression of the price of that commodity going up slowly as more assets in the
market are created, the value can go through the roof.
Step two, remove the commodity as a link to the currency. Now you must ask yourself something. How can a currency not be based on anything? It is
based on something, perception. As long as you can keep some type of stable value of the currency, people will not really question the validity of a
perception based currency.
Step three, control the value of the currency by manipulating the quantity of currency by setting the value by inflation. Use the interest rate for
lending the currency (nothing) at a rate that creates the decrease in the value at a going rate of say 3-10% inflationary rate. This way the value of
what you are borrowing (nothing) always decreases.
Step four, create massive amounts of debt (nothing) out of nothing.
Now, ask yourself a question. How many banks are there? How many banks are necessary to create this system. I mean really, how many bank would it take
to create this type of system. It could be done with only one. It could be done with an infinite amount also.
Now, that I have asked that question. What is the reasoning of having a limited amount of banks. Is there a reason? Of course there is. Because the
banks are going to make all the money in this type system. For every unit of currency, they are going to reap all the benefits and none of the
Let me ask you, if every person was a bank, could this work? Sneaky little question there. Let us say you wanted to lend yourself money? You could
take your unit of currency and lend yourself, at the same rate as the banks do, 9 more units of currency. Why would this not work? Is this giving you
some questions of your own to ask.
Now that I have gone over the currency problem. Let us go onto the other things necessary to destroy capitalism.
Let us say as a society you require your citizens to invest in a "supposed" investment like say Socialist Security. You require people to pay into
the system at a certain rate of their labor (property) and you pay them back in currency (nothing) devalued over time. First off, the labor at the
time they created it, was at one unit. When you paid them back it was at a lower value because of the value of the currency (nothing) decreased over
time due to inflation.
Now, with an ever expanding society of people, this system could work. BUT, let us say you get to a point that your ever expanding society begins to
level out. Your population gets to a point where they feel that ever increasing population would be a burden to their society so they begin to have
fewer children. The problem begins to show that the Socialist system of the children paying for the older components of society are not going to be
able to keep up with the ever expanding system of socialist payments. What do you do?
You could hold it off for awhile by allowing unfettered immigration. Sound familiar? You could also continue by increasing taxation of the individual.
You could also do it by increasingly create fiat money. Sound familiar?
Next component to destroy capitalism. Increase regulations on all businesses. This includes all types of taxation, licensing, fees, control, etc etc
You get to a point where there is no chance of saving, the "supposed" capitalism that is "ruining" the economics of said society.
What is the cure to this "supposed" capitalist society?
Now ask yourself one very important question. Who is going to run this next system? Do you think the BANKS will have anything to do with it?
Edit to add.
I did not get into private ownership of property because that does not exist.
I will explain why now thanks to a poster.
To have the ownership of property, you must be able to use it for what you want. It is yours. Labor is property. Land is property. Life is property.
Liberty is property. If a government is allowed to tax your property or seize it, without you agreeing, there is no private ownership of property.
Yes, this was the first step down the road to socialism and communism. If you do not even own the very labor you create, or the land you own, or the
life you lead, or the liberty you crave, you are no longer even in a capitalist free market society.
Thanks poster for bringing that up.
[edit on 5/14/2010 by endisnighe]