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Can we together end artificial money problems in the world?

Message Eric Encina
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Can we together end artificial money problems in the world?

More than a savage cruelty but it's all hell here in the Philippines, where problems with money, subsistence and survival, sustained hunger, bankruptcy and failures, crimes and violence of every kind are mountainous in the east, west, north and south.

Even if the alleged US$2.4 billion to $3 billion annual public graft were not stolen, as it always is by the wealthy, and by corruption in the Philippine government, this money would not still be enough to end poverty. Perhaps, US$14 billion -- the sum total of annual interest payments of the Philippine Government to its domestic and foreign debts might suffice to spend to end poverty in the country. But I strongly suggest that the Government-created, debt-free money creation-scheme of US$5 trillion in the Philippines in Peso value by the country's central bank (BSP) would significantly suffice to eliminate poverty here, with all its attendant evils. This is not inflationary. It is debt finance at interest that is inflationary. It would rather be a miracle for all of us here to be free from financial slavery.

Corruption is one of the bitterest repercussions of the deadliest and most corrupt ex nihilo debt-based money system, with usury, to which I refer as "artificial". Corruption would remain forever, so long as an economy depends upon debt-finance, disaster capitalism and usury.

Even my own poor family members, relatives, friends and colleagues are in the savage cruelties and desperately calling for help, while my solutions, even though out-of-the box, are not implementable - at least not without external help.

The impact and power of the financing of a society are second only to God. For certain it is the lifeblood of the economy, without which the society might totally and immediately collapse, such as occurred in past economic depressions. Monetary crises are fearful and dreadful.

Bad finance, which viciously persists in the world, is destructive and even in some cases auto-destructive to society. By contrast, good finance by a reliable system - perhaps one not involving today's banking corporations - would build a good commerce society and a sustainable nation and civilization.
The collapse of a nation is usually rooted in bad finance. But how does society have the power to choose, in this crux of the matter, between good and bad finance?

Consider the financial and banking system in America. Is this good or bad? Look at the vast disparities of wealth in the US: some live in massive estates and own multiple homes, while about a million adults are either homeless or living in someone else's home without ability to contribute. Such disparity produces horrific suffering for the poor, even when the poor live immediately adjacent to wealth. The powerful few who decide how to set up such failing financial systems must live with their destructive choices.

However, being an idealistic Filipino citizen, I urge a newly reformed finance system that must be organic in its growth of wealth and entirely separate from the extant, ultra-orthodox-based monopoly of money, credit, and debt-finance, with usury. In the context of the extant banking system, is debt-free or interest-free money possible in the world? Can we bring an end to the lack of money without debt and interest to pay?

With deep analysis, consider the questions of what are real charity, a real business, healthy trade and genuine, populist politics? Can these closely and harmoniously be inter-connected so as to serve humanity -particularly the economically disadvantaged peoples of the world? And to serve and save what is left of a nearly destroyed Earth?
It is common understanding and experience that it's not easy to practice charity if a person is involved in business. Charity and commerce have their own respective realms and concerns. Politics is quite unique because it is the structure of possibilities for the good of the society. Most office-holders are business-like rather than populist politicians; politics is also a business, while sometimes posing as a mode of public service. What is good for the politicians who, by way of bribes and threats, are only lackeys and servants of the powerful few? This is the problem common to most politicians, within or without political parties. Charitable politicians occasionally appear, and, until threatened severely, spend most of their time, efforts and personal resources for public service, selflessly for the good of their constituents. Such benevolent politicians, sadly, are now under extinction.

The common questions here in the Philippines are, how can we be charitable to help small-scale, organic food-growing initiatives and restore the healthy ways of integrity of our elders and ancestors, and how can we be at once charitable with regard to money, credit, loans and forgiveness of debts?

It's been proven that charity alone doesn't suffice to ease the poor and needy out their horrific situations. Quite significantly, as urgent as the need for social, economic and monetary justice, and so forth, is charity creatively connected to commerce. The two together create the best impact for the society. Based on the apparent ratio between charity to individuals and charity to commerce, I see disparity and imbalance. Oftentimes givers provide only 2% or 5% in charity to people, while focusing 95-97% on a profit target. There are banking institutions in the Philippines, in America and the rest of the world purportedly doing charity for causes with publicity, often in connection with calamities; but this is only a leaf from the vine, the tiniest drop in the mighty ocean of money profits, a trickle of a mere pittance of crumbs to the society of the poor and the needy.
Most central banks in the world give "bank profit dividends" to their respective state-governments annually; but these monies do not even trickle down to the poor and the needy, they rather remain in the hands of the powerful few. And the powerful few no longer seem even conscious of a noblesse oblige - the natural obligation of the wealthy to help the poor.

Commercial bankers rake up profits by the billions, while producing only debts, interest, poverty and crisis bondage for the people. Perhaps there are exceptions with other banks. If a proposed ethical banking or other financial operation beginning in one location becomes global, or at least capable of replication, then it will be good for humanity to await such a real financial system, one that will ease survival and ultimately attain sustainable living without debts, interest, poverty and crisis.

While it is true there is no single bullet-solution to strike with certain precision to correct current economic inequality and crisis, there are many supportive solutions being offered as multi-dimensional approaches. If such approaches are synergized, then they are helpful; but where they are quite disconnected or isolated, fragmented or compartmentalized, their applications produce inadequate results. Take a look at the many different economic-solution schemes, some purely theoretical and some more practicable, and some more experimental with varying degrees of success and failure. Sometimes the said solutions turn out to produce additional problems, for example, the disaster of the imposition of tax hikes to certain goods and services such as through expanded value tax and or GST or Government Service Tax(es).

In terms of banking and finance systems, what is the best solution? Do financial literacy courses really help the people, particularly the poor, and lead them to financial freedom and prosperity? Simple, common questions every day include: "Why is there a lack of money in this age of global plenty? and "What, then, is the solution?" For these questions, such courses provide the people no answer.

With due respect, the present banking system particularly based on "orthodox creation of money" via "ex nihilo" by the commercial banking system and interest scheme can never be a method of charitable giving.
Can there be a bank or other financial system that will prove an exception on the edge between the two worlds of banking and finance with charity? Such would be a delicate balance, one that could cause ire of other bankers.
Banking systems are business-money-making, literally gambling. Distinct from the common forms of gambling by individuals, these systems are far worse by way of the voluminous amounts gambled, gained, and lost. Funded by reserves coming from original bank deposits and depositors' money, they use and abuse depositors' funds for purposes mostly harmful to depositors, including, for example, destructive environmental practices. Any bank can be teetering on a potential bank-run, but it is usually protected generously by bail-out money that it forces out of governments, this provided by the taxes and hard work of the people.

Leveraging is lending money at interest, which is risky to both parties involved -- the banking/lending institution and the borrower.

Small banks have been merging and monopolizing due to banking competition. The entrance of the foreign banks into the Philippines by law produces yet another hurdle for the local Philippine banks to overcome, making it nearly impossibility for them to thrive in such a manner as to benefit the local community. In the financial markets, bankers are a brotherhood. Merging community banks, be they "private" or "public" banks, is proposed as a solution to serve the communities better and to complete with the businesses of the global mega-banks. But do mergers really serve communities? The only real solutions are debt-free money creation and usury-free money lending.
The credit card is one of the most insidious, major profit-making schemes of the commercial banks in the Philippines and all over the world. Unfortunately many lives have been broken and shattered or crushed by the wrong use of credit cards. I have never experienced in my life using any credit card, and I won't in the future.

Systemic problems in the present banking system patterns are inevitable by design and entrenched, but must be tackled head-on to help and save the general public: the financial consumers are in crisis. Though many groups and individuals internationally have tackled these systemic banking problems, such problems have so far been exceptionally difficult to solve.

Food production is remotely possible without banking finance, but only in isolated cases, such as for farmers in far-flung mountainous villages away from the civilized world.

Can we ever produce food, which is our very subsistence, without money, without banking finance capital?
Realistically, it is also nearly impossible to commit to food production without bank finance facilities and technologies. Bank-financed food production is also risky to both parties involved.

Once food is produced by way of bank finance at interest, its marketing becomes eventually costly and thus becomes expensive to common consumers. Similarly, when food is produced by way of dependence upon chemical and big agricultural corporations and their products, food production costs are driven up for the farmer and the purchaser alike.

Where food production is costly, food prices are likewise high. Food has become impossibly expensive to the poor, with money moreover losing its value on top of the rising prices of the most basic food needs. The most common and brutal problem here in the Philippines, this occurs also in the Western world and elsewhere.
To make change for the betterment of Filipinos, Americans, and for all humanity, there must be more creative, open-minded, and reformed-oriented individuals and organizations in the world to correct the financial system and its choke-hold on food and all life.

Americans, Britons, Europeans, Canadians, Australians and others have led various finance reform efforts, and should continue to lead them for real change. I believe this is all possible, so that American taxpayers' money and other Western peoples' monies will not be continually wasted on life-killing wars, population control programs, or on environment-destroying and orchestrated calamity events, which horrific phenomena are draining Americans through manipulations of the world's largest, international banking systems.

(Article changed on May 14, 2016 at 20:35)

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I am 45 year old Filipino guy, married, a freelance writer, a local newspaper columnist, author, an organic farming campaigner, a campaigner for life, family, justice and reforms, with love and compassion and justice for all humanity, working (more...)

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