Good News: The Credit Era Is Coming To An End!
The work, spend and reproduce Mantra is now broken.
PART1: THE TOXICITY OF COMPETITION
When we saw this headline today, we didn’t need to read the article, even though it is for subscribers. The Financial Times' advice is baloney once one becomes aware of the arcane of money and the ills of inflation. Modern-day debt-based economies are nothing more than the perfection of millennia of servitude. Since its inception, money has always meant debt.
As long as the theory of profit exists, humans will look for ways to maximize their income and create poverty. That’s how it goes.
Let’s summarize what is happening as quickly as possible:
After WW2, credit cards were pitched to the crowds and did wonders. Buy now, pay later allowed many to indulge as if there were no tomorrow. But, living on credit also became an incentive to work even more to enjoy higher living standards. As the economy was roaring, a trend of workaholics began to take off. Very few were paying attention that this never-ending boom was too good to be true. Filthy years later, as inflation had already worked its way through insidiously, the currency became a lot weaker, and many realized that they would never reach their goals. Workaholics were caught in another never-ending Rat Race that is faltering today. Such a trend was entirely foreseeable because that is how all Rat Races end with financial exhaustion and self-defeating behaviors.
Due to rising inflation, people are cash-strapped and struggling with much higher living costs. Many end up having fewer children because they cannot afford it. The actual value of the dollar is less than two cents. Wealth cannot be created; it just transfers hands, and inflation achieves that. The rich get richer, the poor get poorer, and the middle class shrinks.
The moral of the story is simple: in the end, chickens get all back home to roost. This is called the Law of Cause and Effect. Unfortunately, most people do not understand the malevolent side effects of inflation... but the good news is “RIP Rat Race”... and competition for nothing. The goal of economic competition is to eliminate all competition; always remember that. The Law of Rhythm (what goes up must go down) will teach us a lesson: let's all go back to square one and give the Gift Economy a chance. The system has not changed for 5,000 years. It is now time to throw in the towel for good.It is painful to read lines like this one. Can you picture yourself working twice as much to keep your lifestyle afloat? For most people, this lifestyle is unfulfilling.
Many of the world’s richest economies will need to at least double productivity growth to maintain historical improvements in living standards, a McKinsey report has found.. (FTIMES)
It is laughable that the FT article uses the term “richest countries” when we are on the edge of a cliff. We have just become richer in debt since WW2. Debt is an illusion of wealth. That is why debt eventually destroys. No if but when.
Several issues cannot be ignored about money. It is a "competition accelerator" because everybody expects a reward at the end of the day. However, working for money is also an invitation to trample others, and collusion eliminates competition. Economic competition is lethal. That’s the scenario we have ahead of us. If we keep the same framework, a vast majority will suffer. Then also, money induces this fantasy that wealth can be harvested freely and that the sky is the limit.
The real conundrum is that every dollar hoarded that does not circulate contributes to poverty. Because Nature gives continually, money MUST circulate nonstop to have a positive outcome, but since Greed rules over the pyramid of hyperconsumption, we are inevitably approaching a brick wall.
Most people also ignore how money was invented. First, to pay for standing armies, finance the war, serve the purpose of control via taxation, and make the loser pay for the cost of war and obtain justice when feuds erupted. The bloody history of money undoubtedly tells us we cannot fix this paradigm unless we quit hoarding it. And that means that nobody can amass wealth… or else.
But then the alternative remains the Gift Economy.
By the way, Germany finished paying $400 billion in war reparation in 2010 (Christian Monitor)
Back to our FTIme’s headline, it is easy to guess that after the upcoming world crash, corporations will reign supreme and that 15-minute cities (designed by the WEF) will become the new economic model. As soon as profit is the target, corruption is unavoidable because everybody is coerced into going along to survive, in other words, competing, which is a silent trauma that we describe in our blog “The Toxicity of Competition”.
Money's dark magic relies on the competition model. Without competition, money is worth nothing because people would then work/cooperate for their immediate needs first instead of being forced into a spend-or-die mode. Work in the Rat Race or lose your job. 80% of the jobs are affected by "this mind virus"
Plato once said that justice will be useful when money will be useless.
Then, finally, economic competition will be looked upon for what it is worth, malevolent.
There is nothing wrong with competing with oneself, and it is even strongly encouraged when playing with others. However, competing for money is why we are staring into the abyss today. Spend work or die is traumatic.
If we look closer, money is a competition accelerator, which the Rat Race needs to get ahead. But that will be soon over, too. Today, we have enough knowledge to avoid the Rat Race. Let's see what happens when the $315 trillion global debt generated by the Rat Race implodes...
One thing worth noticing is that if you go to the website of the Federation of American Scientists, patents' secrecy is at an all-time high.
The fact is that Economic Competition delays the implementation of better knowledge because some who make tons of money on products do not want to lose their cash cows. New knowledge can disrupt and/or eradicate many businesses, so monopolies are against that. It’s all about special interests—one more reason why debts can bring abrupt downturns or worse. Hidden knowledge often, if not always, falls in the hands of the Industrial Military Complex.
All new knowledge is released when old systems and consensuses falter because it tends to reduce profit. Wealth accumulation and competition hold us back significantly.
A radical change will not come from the top down but from the bottom up, from people accepting to see the system for what it is.
Because power is continually threatened with obsolescence, the top cannot change. The pyramid must be reversed, the tip upside down representing the individual.
Everything is dual; there always are exceptions, and we need to look at the aggregate. And now eighty percent follow money like automatons because they are engaged in a dead-end survival mode.
Our investigation into monetary history shows that money has always been centralized. The Tulip Mania caused one of the biggest crashes under the gold standard in 1634. Several centuries before that, another crash wiped out nearly 50% of the European population. Just google: "How Venice Rigged the First and Worst Global Financial Crash in 1345."
Money As God written by academics, is a book we strongly recommend. China invented paper money, in fact, in 900 AD, and hyperinflation destroyed its economy many times. Chinese people seem to have forgotten that.
The world has dealt with currency debasement for 5,000 years. Without this aspect, the concept of monetarism cannot thrive. Decentralization coupled with the deincentivization of money would make everything local, and the economy instead would look like a flat line. The wealth effect would vanish.
The public at large and wallstreet investors love booming economic cycles because wealth can be harvested quickly. That is why most people do not see the whole picture; they wait for the boom and good times to come back, and the pain of the recessions and bust cycles is quickly forgotten ... but what goes up must go down—the Law of Rhythm.
It is again the monetization of knowledge that turned “Darwin's laws of the fittest” theory into a cruel dogma. Economic competition does not work that well at all for humans because the more we know, the more monetized competition causes scarcity.
There is no money involved between animals/kids playing/competing.
Humans cannot compete for resources and must learn how to share them, especially since the Industrial Revolution, which increased the pace of extraction. Before that, we didn't have the tech to inflict large-scale damage to the planet. Our tech has reversed the meaning of competition for us as humans. It suddenly also separated us from the animal kingdom.
It is time to let go of and start cooperating. And that means that we got it wrong for thousands of years.
All spiritualists who claim the virtues of compassion and love are correct, and we now have the math to prove it. What helped our ancestors does not help us anymore. Competition for animals—and cavemen—works fine because their environmental knowledge has stayed practically the same for thousands of years.
Farwell, Darwin!
Associating wealth with happiness and freedom was and is indeed foolish. Our current paradigm must be buried for good.