Tag Archives: reset

June 2022 Newsletter–Reconnecting the Monetary Economy to the Real Economy

I’m a little late in posting this here, but if you didn’t see it when I first sent it out, I think you will find it interesting and useful.

2022 June Newsletter ― Reconnecting the Monetary Economy to the Real Economy

In this issue:

Reconnecting the Monetary Economy to the Real Economy
The Banker’s Last Gasp and the Great Monetary Reset
The Usury Conjecture on the centralized, interest-based, debt-money system
What about China?
Is this a clear picture of the New World Order?
Take responsibility
Food security
Friendly, kind, and generous

If you want keep tabs on what I’m been thinking, feeling, and doing, you can follow me on twitter (tomazgreco), or Facebook (thomas.h.greco), or follow my blog at https://beyondmoney.net/. _____________

Reconnecting the Monetary Economy to the Real Economy

Money is the “hole” that is defined by the “doughnut” of real goods and services; it is the nothing that serves only to account for that which is available in the real economy. When pseudo-money can be created by fiat, apart from anything of real value, confusion and madness ensue. — T. H. Greco, Jr.

I’ve been arguing for more than 40 years that the global system of money, banking, and finance is fatally flawed, and now its condition has become acute. Since 2008 it has been on life support. The connections between the monetary economy and the real economy have long been tenuous, but in recent years have been severed to the point of non-existence. When banks and governments can create quasi-money out of nothing without any real value basis and allocate it selectively to advance political agendas, you know the end is near. The last vestiges of budgetary restraint on federal government spending have been eliminated along with any concern about what people really need and want. The results have been the ever-increasing centralization of power at the federal level, central planning of the economy, worsening price inflation, declining purchasing power of fiat money, increasing corporate ownership of real assets, especially residential real estate, zero or negative returns on people’s savings, and increasing disparities of income and wealth. The only way this system can be perpetuated is by the complete elimination of any semblance of democratic government. As E. C. Riegel observed almost 80 years ago:
“Society is in the twilight of a passing day. The state now undertakes to finance the
economy, and, since a free economy is manifestly impossible where the state assumes the responsibility of supplying the money circulation, the politician is compelled to choose between fascism and communism.”
Private Enterprise Money

— Read the entire newsletter <here>.