It is increasingly clear that the old paradigm of money and greed has led us to the brink of World Financial Failure. There is no escaping the daily drumbeat of bad news concerning foreclosures, layoffs, bankruptcies, health care problems, educational inadequacies, and a host of other failing systems. As I am writing this article, these headlines appeared: “World stock markets plunged Friday on news that a multi-billion dollar deal to bail out Detroit car manufacturers had failed. The Bush White House is now considering using the $700 billion for the financial industry to assist US automakers.” Well, we are saving companies like AIG who have 10 billion dollars in “derivatives” debt, which is akin to gambling, yet we aren’t willing to save millions of jobs for hard-working Americans? The priorities of the last half-century have been totally skewed towards the moneymakers; big business and the military industrial complex. In addition, terrorism has become a household fear across the nation and the planet. There is no turning back the clock to happier, less complicated times. We MUST develop a new strategy, a new paradigm, to continue life on this Earth.
How do we accomplish such a feat? The United States has elected its best hope, in my opinion, for this next-to-impossible task. As President-Elect Barack Obama admits, he is not perfect and will make mistakes, but he is dedicated to seeking out the best people to help guide him in making the most efficient and reliable changes to our economy, infrastructure and social-political systems. Indeed his announcements for crucial cabinet positions include some of the brightest and most successful leaders in their fields. All of them have shown the ability to “think outside the box” and formulate “new” ways to approach our massive problems. What is striking is the collection of “rivals” Team Obama has assembled. Clearly he intends to have vigorous discussions about all areas of government and governing before making decisions. What is not clear is if he truly understands the deep-seated reasons for the World’s woes.
The developed World has been operating in the Love of Power mode since the beginning of time. Everything nations have done since recorded history has been to further monetary systems that benefit the rich and powerful and ignore the poor and helpless. Our capitalistic “free market” system has produced societies totally reliant on profits and growth. When no growth occurs, as is our current situation, then profits cease also. When this is compounded by our “fractional reserve banking system” where banks are only required to keep 10% of their reserves in cash, and regulation of these banks and lending practices is minimal, we experience downturns, or recessions, as the Federal Reserve Bank likes to call them. Regulation has been so poor, and over speculation so high in the real estate markets, derivatives and so forth, that we now are seeing a domino effect of crumbling and bankrupt banking institutions and corporations on a global level.
In my opinion, there is no way out of this World catastrophe unless we shake up our consciousness and open our eyes to the destructive nature of Power for Power’s sake. Baron Acton (1834-1902), the historian and moralist, who was otherwise known simply as Lord Acton, expressed this opinion in a letter to Bishop Mandell Creighton in 1887:
“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
The Powers that Be are saturated in a long history of a few families controlling the finances of Nations. These would be the Rothchilds, Carnegies, Rockefellers, Vanderbilts, Warburgs, the Royal Family, etc. For over three hundred years these families have held the reins of money and power – pushing for the Federal Reserve Bank Act in this country, the National Bank of England, and similar privately-held “National” banks around the World.
Thomas Jefferson wrote:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs…. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.”
James Madison said:
“History records that the moneychangers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
These quotes are taken from a very informative site called The Money Masters. This concerned citizen has spoken of it before, and will again, until enough people wake up to the truth of our situation.
We need a Change in Consciousness, to the Power of Love, not the Love of Power. Until humans can embrace all life as precious, and can develop compassion, tolerance, respect for the environment, and a deep commitment to World Peace, I’m afraid the Earth’s inhabitants will continue suffering at massive levels, and our technology will not be used to benefit the whole of society instead of just the wealthy few. We have the technology and resources to change our future – but do we have the will? I say we are seeing a Big Shift in thinking, and are getting closer to this idealistic and necessary philosophy. “The Times they are a Changin’,” that is certain. May we all recognize our plight, get informed, help others, get rid of the controlling families and systems and begin a new era of hope and restructuring. It is a huge undertaking, but like the saying goes, “A journey of a thousand miles begins with a single step.” Lao-Tzu.