May 12, 2012
The Terrorism of the Financiers

It’s fascinating and instructive to watch the people of Greece searching for effective methods of combatting the terrorism of the finance industry.

Anxiety in Athens is palpable. In an increasingly electric atmosphere dominated in equal part by fear and loathing — of EU ejection and EU-dictated austerity — many worry that Greece is not only heading for the euro exit door, and with it years of desperation and poverty, but tumult of a kind not seen since the restoration of democracy in 1974.

True enough. After all, “With Greece deeply divided after an election that effectively demolished the country’s political landscape the stakes could not be higher.” Either the Greeks buckle and accept years of grinding austerity in return for making the rich richer, or they can expect desperation and poverty caused by the rich folks they spurned. Why don’t they just submit? Because that’s not what people do when they understand the situation. Submission was something one might expect from the masses in the past, when information could be more strictly controlled. But nowadays, when anybody with a mobile phone can find out what’s going on in the world, it’s no longer possible to ensure that the public remains uninformed. Witness the Egyptian uprising.

The whole mess reminds me once again of Robert Anton Wilson’s wonderful essay The Spaghetti Theory of Conspiracy.

It is characteristic of the primitive conditions on this backward planet that virtually nobody knows any of the basic facts about how the human race is actually governed. For instance:

1. Governments are not nearly as important as most people think. Since we live in a post-barter economy — a money economy — those who control the money supply effectively control the planet. Governments gave up all attempt to coin or control money in the 19th Century, mostly because they did not trust one another, i.e. no nation had faith that the coinage or currency of another nation was really worth what it claimed to be worth. The great International Banks stepped into this vacuum and, by demonstrating more fiscal rectitude than governments had in the past, became the creators of money in the modern world.

After the banks had control, they no longer needed to be quite so prim in their fiscal rectitude. Nobody could challenge them.

This means that governments cannot do anything — good or ill, wise or foolish — unless the banks first lend them the money for the project. The power is in the banks. The governments survive on the permission of the banks. If the banks cut off their credit, governments die. Any government that resists has its credit cut off and dies.

But this couldn’t happen here. Oh no. We wouldn’t put up with it.

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Posted by Chuck Dupree at May 12, 2012 05:58 PM
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