Category Archives: Freedom

There once was a river …an allegorical tale

Written and narrated by Thomas H. Greco, Jr.

There once was a river that flowed through an arid land, and though rainfall was scant and infrequent, the river provided an abundance of cool, fresh, sweet water with which the people who lived along its banks were able to irrigate their crops and water their flocks. And the people prospered and lived in peace and harmony; and so it had been for as long as anyone could remember.

But there came a time when the water’s flow began to diminish. At first it was barely noticeable, but as time went on the water level fell ever more rapidly until there was barely enough water to keep their animals alive, much less to irrigate the fields. Day by day, the people grew more alarmed as their crops began to wither. Then the men and women of the valley came together to discuss their plight and what might be done to deal with this calamity.

Now, no one knew where the river began or where it ended. They only knew that throughout their generations, it had always been there and it had always provided a reliable supply of water from which everyone was able to draw freely.

Follow the full transcript and audio here.

The empire vs. journalism and free speech

As Julan Assange continues to languish in the maximum security Belmarsh Prison in London, a movement of journalists and supporters of free speech continues to build. The mainstream media did not report it, but a few days ago “Legendary musician Roger Waters sang “Wish You Were Here” in honor of Julian Assange, at a public concert outside the British Home Office. He was joined by journalist John Pilger and UK MP Chris Williamson in calling for the imprisoned Wikileaks publisher to be freed, and not extradited to the US.” You can read about it in The Grayzone.

In the video below, journalist John Pilger delivers a warning from Julian, “Speak up now,” Pilger said, or face “the silence of a new kind of tyranny.”

You can sign the petition to free Julain Assange at Change.org.

Make America sane again

Now is the time for the American people to stand up and use their power to challenge the political establishment, to oust the war mongers, and to join together in demanding a government that is committed to promoting the common good and peaceful relations with the governments of other countries around the world.   

Tulsi Gabbard is the only Presidential candidate I’ve seen since John and Robert Kennedy who is willing to put her life on the line to lead the people in this battle against the forces of darkness and domination. Tulsi was “being groomed to be the next great Queen of the Democratic Party establishment” but threw it all away when she “refused to sacrifice her soul” and resigned as co-chair of the Democratic National Committee. Watch this video and start informing yourself.

Money, Oil, War and the Global Power Structure

Fascism should more appropriately be called Corporatism because it is a merger of State and corporate power. —Benito Mussolini (1883-1945), Fascist Dictator of Italy

The liberty of a democracy is not safe if the people tolerate the growth of private power to the point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism–ownership of government by an individual, by a group, or any controlling private power. — Franklin D. Roosevelt

The current attack by US and globalist forces against the Venezuelan government is the latest in a long series of regime change actions aimed at keeping or restoring control over essential resources, in this case oil, and preventing any significant departure from corporatization and elite rule. It should be clear by now that according to Mussolini’s definition, the present world order is not democratic, but fascist. Centralized control of money, banking, and finance have allowed the power elite to develop financial weapons that can be deployed to bring independent governments to heel, with military force being deployed if necessary.

In his recent article, Sanctions of Mass Destruction: America’s war on Venezuela,  journalist Garikai Chengu points out that, “American economic sanctions have been the worst crime against humanity since World War Two. America’s economic sanctions have killed more innocent people than all of the nuclear, biological and chemical weapons ever used in the history of mankind,” and highlights the obvious saying, “The fact that for America the issue in Venezuela is oil, not democracy, will surprise only those who watch the news and ignore history. Venezuela has the world’s largest oil reserves on the planet.”

Chengu goes on to say that “From the first moment Hugo Chavez took office, the United States has been trying to overthrow Venezuela’s socialist movement by using sanctions, coup attempts, and funding the opposition parties. …United Nations Human Rights Council Special Rapporteur, Alfred de Zayas, recommended, just a few days ago, that the International Criminal Court investigate economic sanctions against Venezuela as a possible crime against humanity perpetrated by America.”

 “Prior to American sanctions, socialism in Venezuela had reduced inequality and poverty whilst pensions expanded. During the same time period in America, it has been the absolute reverse. President Chavez funneled Venezuela’s oil revenues into social spending such as free+6 healthcare, education, subsidized food networks, and housing construction.”

Caitlin Johnstone reports that Psychopathic US Senator Openly Calls For Maduro To Suffer Gaddafi’s Fate.

Johnstone reports that, while the Maduro government has refused this “Trojan Horse” of supposed aid from the United States, he has not been refusing aid from other sources. “In reality, Maduro has been accepting aid from everywhere except from the government that is openly staging a coup in his country in gross violation of its national sovereignty. Just last week Caracas accepted 933 tons of food and medical supplies from China, Cuba, India and Turkey, and Russia has shipped in 300 tons of aid on its own.”

Florida Senator Marco Rubio posted this image in his recent tweet. The implication is clear that Rubio wants Maduro to be tortured, sodomized and murdered just as Gaddafi was in Lybia for defying the demands of the empire.

CNN’s Ana Cabrera reports that Florida Senator Marco Rubio has said that “no matter how long this takes,” the US and the international community are standing with the people of Venezuela, “until freedom is restored in Venezuela.”

Sure, freedom for U.S. corporations to plunder Venezuela’s oil resources, and once again dominate the Venezuelan people. We’ve seen this “ploy” so many times before, in so many different places; can anyone possibly take it seriously? Mr. Rubio, you call yourself (on your Twitter page) “a follower of Christ,” but your behavior is not at all Christ-like. Did Christ ever call for the violent overthrow of governments, or the torture and murder of another human being, or the promulgation of lies intended to justify such actions?  Even the United Nations has acknowledged that this so-called “aid” that you are trying to impose is a political ploy. “Humanitarian action needs to be independent of political, military or other objectives,” U.N. spokesman Stephane Dujarric told reporters in New York.

And it is not only the Trump administration that is beating the drums for this takeover of Venezuela. According to Johnstone, even so-called democrats like Bill and Hillary Clinton, Dianne Feinstein, Bernie Sanders, and Kamala Harris are calling for regime change there.

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My latest article: Confronting the power elite

Confronting the power elite
Thomas H. Greco, Jr.
[PDF version]

The world today is controlled by a small elite group that has been increasingly concentrating power and wealth in their own hands. There are many observable facets to this power structure, including the military security complex that president Eisenhower warned against, the fossil fuel interests, and the neocons that are promoting U.S.  hegemony around the world, but the most powerful and overarching force is “the money power” that controls money, banking, and finance worldwide. It is clear that those who control the creation and allocation of money through the banking system are able to control virtually every other aspect of global society.

Having taken control of the political leadership in North America and western Europe, they are determined to use military force, if necessary, to create a unipolar world order in which the power elite enjoy “full spectrum dominance.” Based on a long established pattern of covert and overt interventions, it is evident that they are willing to employ, either directly or through proxies, a wide range of tactics, including propaganda, bribery, cooptation, deception, assassinations, false-flag attacks and war. Large segments of the media and entertainment industries, education, and the military power have been captured to help manufacture public consent.

Be that as it may, I believe that the natural course of human evolution tends toward a multi-polar world order based on honesty, openness, compassion, cooperation, and fairness, but that requires a well-educated and informed populace and “broad spectrum” participation in the political process. Fortunately, the internet and world wide web have enabled people to be better informed than ever before and to engage with one another directly, bypassing intermediaries that control and limit what people can share. On the other hand, the political machinery has been so thoroughly taken over by the power elite that the will of the people has thus far been of little consequence in deciding the course of world affairs.

So what can be done to turn the tide? How can we the people empower ourselves to effectively assert our desires for a more fair, humane and peaceful world order? Is it possible to influence the behavior of those in power? Or is it possible to install new leaders who will act more responsibly and in accordance with the popular will? Or is necessary, or even possible, to reinvent and deploy political and economic structures by which people can more directly assert themselves?

It seems reasonable to assert that action must be taken on all levels, but I am inclined to believe that the greatest possibility of bringing about the desired changes lies in economic and political innovation and restructuring.

The monopolization of credit

I came to realize many years ago that the primary mechanism by which people can be, and are controlled, is the system of money, banking, and finance. The power elite have long known this and have used it to enrich themselves and consolidate their grip on power. Though we take it for granted, money has become an utter necessity for surviving in the modern world. But unlike water, air, food, and energy, money is not a natural substance—it is a human contrivance, and it has been contrived in such a way as to centralize power and concentrate wealth.

Money today is essentially credit, and the control of our collective credit has been monopolized in the hands of a cartel comprised of huge private banks with the complicity of politicians who control central governments. This collusive arrangement between bankers and politicians disempowers people, businesses, and communities and enables the elite super-class to use the present centralized control mechanisms to their own advantage and purpose. It misallocates credit, making it both scarce and expensive for the productive private sector while enabling central governments to circumvent, by deficit spending, the natural limits imposed by its revenue streams of taxes and fees. Thus, there is virtually no limit to the amounts of resources that are lavished on the machinery of war and domination.[i]

In today’s world, banks get to lend our collective credit back to us and charge interest for it while central governments get to spend more than they earn in overt tax revenues, relying on the banking system to monetize government debts as needed. These two parasitic drains on the economy, interest and inflationary monetization of government debts, create a growth imperative that is destroying the environment, shredding the social fabric, and creating ever greater disparities of income and wealth. At the same time, this scarcity and misallocation of money, which belies the abundance that exists in the real economy, leads to violent conflicts and provides the power elite with the means to pursue policies of domination, even at the risk of global nuclear war.

What most people still fail to recognize is that regardless of the nominal form of their government, their political power has been neutralized and exhausted by the political money and banking system. Democratic government in today’s world is more an illusion and a hope than a reality. As Prof. Carrol Quigley wrote in his book, Tragedy and Hope (1966), “… the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.”[ii]

In the succeeding decades since Quigley’s revelation, their control mechanisms have been refined and extended to include the intelligence services and military power, political think tanks, the media, and virtually every segment of society. The U.S. agenda of regime change over the past several years[iii] is not so much about taking mineral and petroleum resources, that is a side benefit. By examining the pattern of interventions by the U.S. and NATO powers, it is clear that the primary objective is to force every country of the world into a single global interest-based, debt-money regime. No exceptions will be tolerated. Thus, Saddam Hussein had to go, Gaddafi had to go, Assad has to go, and Putin has to go (but deposing Putin will not be so easy). The war against Islam is also related because a significant proportion of Islamists are serious about eliminating riba (usury) which is an essential feature in the creation of all political money throughout the world today. The United States military is the enforcer that is used when threats, bribes, cooptation and covert operations prove insufficient. Thus, the United States, Britain and their NATO allies have become the greatest perpetrators of state-sponsored terror in the post-World war II era.

How can such a power be confronted?

Fortunately, we the people have in our hands the means of our own liberation. It is the power to allocate our credit directly without the use of banks or political money. How to effectively assert that power is the main theme of my most recent book, The End of Money and the Future of Civilization.

Over the years there has been a long parade of “reformers” who wish to take the power to create money away from the banks. This is an admirable objective that I wholeheartedly endorse. But the alternatives that they propose have been either to revert to commodity money, like gold, which has proven to be inadequate, or to transfer the money-issuing power to the central government—what I call the “greenback solution.” The latter harks back to Abraham Lincoln’s scheme for financing the Civil War. That proposal calls for the federal government to bypass the Federal Reserve and the banks by issuing a national currency directly into circulation from the Treasury. At first glance that may seem like a good idea, but there are many flies in that ointment. First of all, the greenback solution does not propose to end the money monopoly but merely to put it under new management. But it is a gross delusion to think that the Treasury is, or might become, independent of the interests that now control the Federal Reserve and the major banks. Consider the fact that most of the recent Treasury secretaries have been former executives of Goldman Sachs, the most powerful financial establishment in the country. It is naïve to expect that they will serve the common good rather than the money power that has spawned them.

Second, central planning of complex economic factors has been shown to be unworkable. That is especially true with regard to money. Neither the Fed nor the treasury is qualified to decide what kind of money and how much of it is necessary for the economy to function smoothly. The issuance and control of credit money should be decentralized in the hands of producers of needed and desired goods and services. Thus the supply of money (credit) must automatically rise and fall in accordance with the quantity of goods and services that are available to be bought and sold. If private currencies and credit clearing exchanges are allowed to develop and grow without interference from the vested interests in political money, their superiority will quickly become apparent.

Third, the greenback solution does nothing to eliminate deficit spending and inflation which are enabled by legal tender laws. As long as political currencies are legally forced to circulate at face value, the abusive issuance of money, the debasement of national currency value, and the centralization of power will continue. All government programs, including social programs and the military budget, ought to be funded by legitimate government revenues, not by the underhanded means of monetary debasement. Centralized control of credit money and the imposition of legal tender laws enable the hidden tax that is called inflation. Salmon P. Chase, who as Lincoln’s Treasury Secretary presided over the issuance of greenbacks, argued later as Chief Justice of the Supreme Court that the issuance of greenback currency was unconstitutional and exceeded the powers of the federal government. He said, “the legal tender quality is only valuable for the purposes of dishonesty.” Finally, the political process has been so thoroughly corrupted and taken over by the power elite that political approaches to solving the money problem have virtually no chance of passage anyway.

Toward effective means of empowerment

Business people, farmers, professionals, and others who are engaged in productive enterprise are clamoring to gain access to credit, credit which they fail to recognize is already in their collective hands. Under the present arrangements, we give our credit to the banks, then beg them to lend some of it back to us, and pay them interest for the “privilege.” But there is no good reason for credit to be monopolized. Business routinely offer credit to one another when they deliver goods and services then allow some period of time for payment to be made. This practice can be extended and organized on a multilateral basis.

The real solution to the problem lies in creating new structures for allocating credit based on the legitimate needs and the resources of businesses, workers, and state and local governments. Competition in currency can transcend the dysfunctions that are inherent in the present centralized system and ensure that there will be sufficient amounts of exchange media to enable all desirable trades. Competing currencies will also ensure that political currencies (like the dollar, euro, pound, etc.) cannot be abused without losing patronage in the market. Rather than establishing the state as the money power, we need to promote the separation of money and state by deploying exchange mechanisms that decentralize and democratize the control of credit.

Money is first and foremost a medium for facilitating the exchange of goods and services and other forms of real value, but the exchange function can be effectively and efficiently provided outside the banking system and without the use of conventional political money.[iv] This is already being done through credit clearing exchanges and through the issuance of private currencies or vouchers by businesses that produce real valuable goods and services. Both approaches have the capacity to provide exchange media that can be also be used by general public to mediate all manner of transactions.

Is there any practical possibility of organizing producers on a sufficiently large scale to achieve this? I strongly maintain that there is. This approach, based on private initiative, is far more practical and empowering than any political approach to reform of money and banking that is currently on offer. Improvement in the human condition have always stemmed from the creativity, industriousness, and goodwill of people. A cooperative, compassionate, society can emerge from the creation of exchange alternatives based on voluntary, free-market, and community-based initiatives that enable people to transcend the money monopoly and the “war machine.”[v]

This is begun at the local level by utilizing the credit of local producers to mediate the exchange of goods and services that are locally produced or sold. There are many historical examples of successful private currencies that have been circulated in various times and places. Call them vouchers, scrip, credits, certificates, or coupons—sound private and community currencies can be SPENT (issued) into circulation by any trusted producer or reseller who is ready, willing, and able to reciprocate by accepting it back (redeem it) as payment for real value, i.e., the goods or services that are their normal stock in trade and are in regular demand. There is nothing mysterious or complicated about this process.[vi]

The exchange of goods and services is also enabled on a moneyless basis by using a process of direct credit clearing among buyers and sellers. This is already being done by the scores of commercial trade exchanges (sometimes called “barter” exchanges) that have been operating successfully around the world for more than 40 years. These commercial credit circles, comprised of thousands of businesses of all kinds, presently mediate an estimated 20 to 30 billion dollars’ worth of trades annually, and these numbers continue to grow. As operational improvements are made and credit management procedures become standardized, these exchanges will be networked together to more fully realize the vast potential of moneyless credit clearing arrangements.[vii] In this emerging worldwide web of exchange, members of each local circle or node are known to one another and allocate credit to one another based on their reputation and ability to provide valuable goods and services. Thus we can eventually have an independent system of non-monetary payment in which credit is locally controlled but globally useful.

In conclusion, I maintain that it is essential and entirely feasible that we reduce our dependence upon the banking system and conventional political monies. Through the deployment of innovative mechanisms of exchange, like private currencies and credit clearing networks, individuals, businesses and communities can empower themselves economically and politically to build a society that is free, fair, prosperous and peaceful.  The way forward is clear. The blueprints have been drawn. What remains is for entrepreneurs, business leaders, and community activists to act boldly to implement these exchange mechanisms in ways that are sound, credible, effective, and scalable.

Thomas H. Greco, Jr. is an educator, author, and consultant dedicated to economic equity, social justice, and community empowerment. He specializes in the design and implementation of private and community currencies and mutual credit clearing networks. His latest book is The End of Money and the Future of Civilization. His main website is https://beyondmoney.net/. He can be reached at thgreco@mindspring.com.
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[i] As E.C. Riegel put it in his book, A New Approach to Freedom, “…as long as our governments are vast counterfeiting machines, Mars can laugh at peace projects.”

[ii] This and other works of Carroll Quigley can be downloaded at the Quigley website, http://www.carrollquigley.net/ .

[iii] View General Wesley Clark’s two minute revelation at https://youtu.be/9RC1Mepk_Sw.

[iv] An animated video that makes clear the credit nature of money and its sound basis is The Essence of Money, https://youtu.be/uO7uwCpcau8.

[v] My 15 minute video, Disruptive Technologies Making Money Obsolete, https://youtu.be/ty7APADAa8g, describes how communities and businesses can escape the debt trap and become more resilient and self-reliant.

[vi] These arguments are more fully developed in my book, The End of Money and the Future of Civilization. My Solar Dollar white paper at https://beyondmoney.net/2016/08/26/solar-dollars-a-private-currency-with-multiple-benefits/ provides the basic framework for the design and issuance of a private currency.

[vii] Some details on how to do this are outlined in chapter 15 of my book, an excerpt of which can be found at https://beyondmoney.net/excerpts/limiting-factors-in-the-operation-of-commercial-trade-exchanges/.

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Why the Brits voted to leave the European Union

No, it’s not xenophobia, as the elite propaganda machine would like us to believe. It’s the same phenomenon we’re seeing in American. Quite simply, people in Britain, America, and elsewhere are finally getting wise to the neo-liberal agenda which seeks to disempower people and their elected governments and place power in the hands of the unelected, undemocratic, global banking and corporate elite. As I said in an earlier post (What do Trump supporters and Sanders supporters have in common?), people are sick and tired of:

  • Politicians who promise one thing but deliver another.
  • “Political correctness” that interferes with our ability to debate the deeper issues and concerns.
  • The rich getting richer and ever more powerful while the middle class is being destroyed.
  • Big banks that are “too big to fail” yet refuse to provide adequate financing to small local businesses.
  • Legislation that favors big corporations over small and medium-sized enterprises.
  • Fiscal policies that reduce taxes on corporations and the rich while forcing states and municipal governments to assume ever greater burdens.
  • Trade agreements that cede power from sovereign governments to transnational corporations thus undermining democratic government, the rights of labor, and environmental protections.
  • A disastrous foreign policy of interference in countries around the world that kills thousands of innocent people and stirs up hornet’s nests of resentment that manifest as massive displacements of people and acts of terror against the U.S. and its European NATO allies.

And as I concluded in another recent post, “Since the debt crisis of 2008, Americans of all classes and ideologies have finally begun to wake up to the facts that the game is rigged against them and that they have been manipulated and exploited by the Wall Street-Washington nexus. The next American revolution will happen when liberals and conservatives, Republicans and Democrats, Americans of all religions and races, stop being seduced by “hot-button” rhetoric and come to realize what their common interests are and are able to work in harmony toward the common good.”

In the following video, British filmmaker John Pilger expresses similar thoughts with regard to Brexit:

https://youtu.be/anht7KXQHBM

Russia being squeezed by the New World Order

On my way back to the U.S. from Kuala Lumpur, I picked up a copy of the Financial Times (March 7 edition) in Tokyo while waiting for my connecting flight. As expected, I found numerous articles relating to the Ukraine situation, but one stood out amongst the rest. It was titled “Putin loyalist points finger at ‘global financial oligarchy.’”

I was surprised but also pleased to see this affirmation of my long-held view that the present geopolitical turmoil is not so much a contest among nations, but a global class war being waged by an elite oligarchy bent on creating a New World Order in which they hold the  reins of power. Oddly, when I later tried to locate the article on the FT website, it was nowhere to be found, but I did find an article from the previous day’s edition which quoted the same “loyalist,” Vladimir Yakunin, making the same arguments. That article is titled, US accused of ‘trying to destroy Russia.’

Yakunin is described as a “former senior diplomat” who now heads the Russian state railways. He has accused the US and a “global financial oligarchy” of organizing the violent overthrow of the government in Ukraine, and of trying to “destroy Russia as a geopolitical opponent.”

Both articles are based on the same interview and quote Yakunin as saying, “A CIA analysis . . . described three possible scenarios for the development of the geopolitical situation. The most acceptable scenario was considered to be one in which a certain world government is created – and the realisation of this project is in line with the concept of global domination that is being carried out by the US. We saw this in Iraq, we saw it in Afghanistan, we saw it in Yugoslavia and in North Africa. Today, the borders of carrying out this doctrine have moved to Ukraine.”

That article goes on to say, “Mr Yakunin said the west had consistently reneged on its assurances to Moscow since 1991 that it had no intention of encircling it by expanding NATO to include countries on Russia’s borders. Since the collapse of the Soviet Union, the three Baltic states have joined the alliance as well as eastern European countries – including Poland, Bulgaria, Hungary and Romania – most of which were once in the Warsaw Pact.”

“’If you look at things objectively, [the former German chancellor Helmut] Kohl swore to [Soviet leader Mikhail] Gorbachev that the exit of Soviet troops from Germany would not lead to NATO’s approach towards Russia’s borders. But in reality everything that has happened is the exact opposite.’”

If one is willing to look at the record of history, especially monetary and banking history, he can easily see that Mr. Yakunin’s charges are entirely valid.

Carroll Quigley, historian and advisor to Presidents, told us long ago that the would-be rulers of the world have a plan:  “The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…” (Tragedy and Hope, 1966).

That is the essence of the New World Order that has been touted for decades by American political leaders, notably the first President Bush.

Now, the annexation of Crimea seems a natural step for Russia to have taken to not only protect its military installations there, but also to resist the advancing NWO. While the western propaganda machine gave it short shrift in its attempt to paint Putin as the “bad guy,” Putin’s speech is well worth considering. You can find the full text here.

And lest we be seduced into thinking that the Russian reaction is a simple act of aggression, read this background and analysis by Chris Kanthan: Ukraine: A Candid, In-depth Discussion.

Even a casual observer of recent geopolitical history can see the pattern of encirclement, neutralization, and domination that has characterized western policies over the past several decades. It is clear that the consolidation of power and the imposition of the global fascist New World Order is all but complete and that all remaining obstacles must be removed, one way or another.

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