We are told repeatedly in various ways that "no one knows' the causes of the economic meltdown, or what measures it will take to correct it. So first the Bush administration, and now the incoming Obama economic team, point us to the deficit spending tactics of the "New Deal" past as solutions. They are not. Financial Bailouts and economic stimulus packages will not work, except as a most short-term band-aid. Such short-sighted proposals only highlight the failure to comprehend the true nature of the problem. Or perhaps the truth is too overwhelming to face. Or perhaps the decades and centuries of myths, misinformation and deception about certain economic and monetary realities have blunted our ability to comprehend the plain truth. Or maybe some combination is at work.
Only a few of the hundreds or thousands of prominent books and articles proposed as solutions even come close to apprehending the real underlying cause of the world's financial and monetary disease, and for the most part the ones that are revealing the truth are unpopular, banned or blacklisted by mainstream media and publishers, widely debunked and ridiculed.
What is this widely scorned truth of the basic cause of our money and financial problems?
There really is a kind of "conspiracy" for a small group of wealthy and powerful men and women to rule the world for the benefit of this small group of controlling power elites, and to do so through the control of the world's money and banking systems.
It is at this revelation that the vast majority of minds rebel, and the onslaught of denial, ridicule and accusations begins. This truth is so shocking and laden with negative implications that it is usually rejected out of hand, and without further examination. So nothing approaching serious consideration or public debate of the issue is ever reached. Derision and ridicule are so much easier than serious thought. The entire issue is ignored by the mainstream media of all genre.
And so our disastrous financial and monetary problems continue, as they surely must until serious thinking, discussion and debate replace ridicule as our way of dealing with (or of avoiding dealing with) this most serious of all the problems humanity has ever faced. It could lead to our destruction as a civilization or even of our extinction as a species.
The problems underlying our financial system are that severe. Moreover, the consequences of decades and centuries of abuse of monetary policy are imminent. We will either solve the problem or reap the harvest of our failure to solve it. That harvest will not be a pleasing one, for us or for generations to follow.
So... what needs to be done?
We have to completely overhaul and transform our dying financial system into one that is vital and sustainable. This means creating a monetary system that serves the public good, instead of the good of the few who now monopolize the monetary system for their own benefit. The power to create and regulate the value of money must be taken out of private hands and returned to the public domain.
"Qui bono" is always the key question to get to the root of all social, political and economic problems. "Who benefits?" The flip side of the coin is "who suffers", or "who pays?" Another key is to "follow the money". That is especially true when talking about money problems, or those of monetary policy within a society or a government.
We all know the "rich get richer and the poor get poorer," but do we all understand how and why? I submit that few people really do, or how a few fundamental shifts in consciousness (paradigm shifts) could level the playing field considerably, saving millions and even billions from poverty and deprivation, even death.
Now I will attempt to state the problem another way, so that hopefully, it is easier to understand. I intend to be blunt.