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John Merryman's avatar

What is totally overlooked, are the underlaying dynamics.

The elephant in the room is the secret sauce of capitalism is public debt backing private wealth. The wars are just a burn pit, to make it go away, so more can be borrowed. The military industrial complex is just the trophy wife of the banks.

Government, as the executive and regulatory function, is analogous to the central nervous system, while money and banking mirror blood and the circulation system. While we have evolved to the point of understanding government has to be a public utility, we've yet to reach the same realization about banking. Which has given banking the upper hand, since they are not as subject to the same oversight and don't have to plan around election cycles.

Consequently they have hollowed out government, leaving a bunch of flunkies, sociopaths and prostitutes to fill the roles, whose primary function is to create all that public debt the banks depend on, in order to function.

The reality is that money is a social contract, enabling economies to function, but it is treated as a commodity, to mine from the economy, to save and store. The medium has become the message. Blood is a medium, fat is a store. They are related, but certainly not synonymous.

So to store the asset, sufficient debt has to be generated to back it.

It's not like this is a new problem. Michael Hudson wrote a book, some years ago, called Forgive Them Their Debts. About how the Ancient's political systems and financial systems/oligarchs were in natural conflict, between drawing societies together and using compound interest to suck them dry. So debt jubilees were developed as a circuit breaker. Two thousand years later, we are still stuck in the same rut. Remember, Jesus was all peace, love and turn the other cheek, except when it came to the money changers.

When Pilger and company focus on the effects of this dynamic and ignore the causes, they are doing their own efforts a disservice. Yes, the heavies in the military will stomp your brains out, if you cross them, but if there was an effective, coordinated campaign to explain why society has to move to public banking, then it's only an abstract threat. Think if all the alternative media did a few stories a month on how banking drives so much of this disfunction, developing all the myriad angles of how it has come to control society. What are they going to do? Call it disinformation?

Back in the day, people raised their kids and were taken care of in old age. Now we have retirement accounts, mostly backed by masses of debts that will never be repaid and will eventually only be covered by printed money, while the kids are buried under mountains of debt.

WHY. DOESN'T. ANYONE. CONNECT. THE. DOTS!!!!!!!!!!!!

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Jeffrey Harrison's avatar

John Pilger is a remarkable man. I've often said that there is no right or wrong, only consequences. Typically, right would be associated with good consequences and wrong withe bad consequences, but, of course, not always. It is remarkable to me that Mr. Pilger can keep his equanimity whilst watching the seemingly inexorable advance of the empire....

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