I ran across a fairly good
about something which tells a bit about the economic manipulations we are all subject to...
In his post-Versailles treatise, The Economic Consequences of the Peace, Keynes famously quoted the Bolshevik leader saying, perhaps apocryphally,
that "the best way to destroy the capitalist system is to debauch the currency."
((The reference is to John Maynard Keynes, Companion of the Order of the Bath (who's motto is "Tria Iuncta in Uno ich Dien
... "Three Joined in
One"), Fellow of the British Academy, and renowned prime evangelist of what we now call "Keynesian Economics"(the formal name for supply-side, or
"trickle down" economic principles.))
Telling the audience that nearly worshiped him that Lenin declared to "Debauch the currency" to eliminate capitalism is an interesting thing to
convey.... it's not what I would expect from someone who is held as an exemplary master-teacher of economic principles. I would have preferred a
more academic and measured analysis... which is apparently not what the elite were looking for.
Being one of the more adamant detractors of the farcical Keynesian ideals our leaders placed on supranational economic aggregates, I found it
interesting that even the most honorably hailed Keynes had 'sold' his principles using the perennial technique of mis-characterization of 'the enemy
The articles author, Matthew Brian says:
In other words, incompetent central bankers are a communist's best friend.
To which I say, "BS! - Central bankers know exactly
what they are doing... they purposefully manipulate markets and currency without any hint
of moral concern." (they proclaim the morally correct thing to be "political" and thus not their provenance.)
Mr. Brian seems to stick to the CFR standards when discussing the clearly faith-based practices of today's so-called economic intelligentsia. Even
when the point of the revelation is that Keynes was either ignorantly mistaken, or lying with intent when he bathed the communist philosopher in such
Much to my surprise Mr.Brian reveals that:
Lenin thought hyperinflation was the best way to destroy capitalism after the revolution, because the revolution wouldn't be enough itself. The
profit-motive would survive even if the bourgeois state did not -- and even if the socialist state tried to outlaw it. The only way to kill the
profit-motive was to kill profits. And that meant killing the very concept of money itself.
Hmm..., hyperinflation? Let's see... which private organization holds a monopoly on currency, making them the only one's who can directly cause or
control inflation? The Central Bank.
Sadly, the revelation of the actual record of Lenin's words were utterly overshadowed by Matthews "take" on history - disregarding the factual -
logical; and reverting to the propaganda the banking cartel has fed us since their rise to global power....
The article linked above provides the content in Lenin's own words on how he was attempting to do this.... I will provide my opinion - that you may
tell me if I am wrong, and how badly I may have missed the mark:
- Amass currency notes to the point of diluted worthlessness "...with the deliberate intention of destroying the value of money as a means of
(Why? Because money is only a symbol, one over which capitalists had a monopoly of control, which they employed to consolidate true material wealth
under increasingly fewer 'investors.')
- Flood the country with currency with no backing to root out the evils of capitalism.
(I wonder what he thought about the thing he was 'rooting out,' would I be wrong if I suspected the super-elite hoarders of the ruling
- People will not covet or hoard something that has no value.
(seems fairly straight-forward to me.)
The closing Lenin quote is actually;
Men will cease to covet and hoard [money] so soon as they discover it will not buy anything, and the great illusion of the value and power of
money, on which the capitalist state is based will have been definitely destroyed.
... now I know Lenin is as much an ivory-tower philosopher as the next... so his proclamations deserve scrutiny... but the simplicity of stating "if
money has no value no one can be motivated or oppressed by it's use" seems fairly solid.
Here's Mr. Brian''s response:
Well, maybe. Or maybe the Bolsheviks were printing ruble bills day and night, without rest, because they had to. They needed money to fight their
civil war, but they didn't have any thanks to an economy in free fall and a Western embargo (and military intervention). And that left the printing
press. So there's something of Lenin trying to turn economic lemons into ideological lemonade here.
Is it me, or has our author taken the license to disparage the idea as "lemonade" by saying the reason he printed money was because he needed it?
Could our author truly believe that shipments of tons of money ran across the European landscape to effect trade? I know they didn't - it was done
with promissory notes and bearer bonds... not money. But of course it is in "en vogue" to disavow communism as anything other than a peasant 'get
even' scheme... he shines on...
But there's still something to the idea that destroying money destroys democracy and capitalism like nothing else, right?
Brian proceeds to marry the destruction of democracy with the destruction of capitalism - as if they were connected somehow... it's a "patriot's
bell" he's ringing... and we are to gloss over the connection as if 'natural.'
Happily, he quotes the Minneapolis Fed president Narayana Kocherlakota in 1996 - going do far as to tell us "he's right" (because naturally, we can't
muster an opinion not delivered from him in our place.) Reportedly, Narayana maintains that hyperinflation is "our way of keeping track of who has
what and who owes what. Hyperinflation destroys one set of memories, but we can always use or create others." As is my form, I would like you to
pay attention to the careful grammar of that assertion.
..."our way of keeping track of who has what and who owes what. Hyperinflation destroys one set of memories, but we can always use or create
"Our way"... pronoun use.. exactly of whom is the "our" and who is the "we" in that phrase.
How can hyperinflation destroy? In a mathematical universe... as you economists love to rely upon so often... the only way money is destroyed is if
it is 'replaced' with something else... paradigm standing, that is.
The disconnect is embedded...
The take away message is explicitly given by the esteemed Matthews:
In other words, incompetent central bankers really are a communist's best friend -- but only central bankers who print too little money. So,
would-be revolutionaries, forget about debauching the currency. The best way to destroy the capitalist system is to worry about inflation during a
Gobbledegook... and it is to them... 'common wisdom.'
edit on 28-9-2013 by Maxmars because: (no reason given)
edit on 28-9-2013 by Maxmars because: (no reason given)