Economic ideology is one of the only core differences between the so-called left and right of the political spectrum. And the left and right debate and argue a lot about how to best spend ‘the budget’. And they have all sorts of other rifts about finances, tax, welfare and the national debt. But the thing is — money is made up out of thin air.
Sure, economics is complicated and there are all sorts of checks and balances such as inflation and interest rates. But ultimately, money creation is infinite, and money is simply made up out of nothing. It’s not like what’s in supply is backed by gold sitting in a vault somewhere — those days are long gone.
Everything could be adjusted. So, therefore, it doesn’t take a genius to work out; there is no need for tax, no need for national debts and no need for the constant sense of scarcity promulgated by politicians. Much of the political banter about money is utterly pointless. And the concepts of money and debt are tools used for social control.
For example, politicians will go back and forth debating the costs for health services, education facilities and public transportation. And politicians will argue day and night about how to best approach so-called austerity measures. Cuts will often be made, staff will be made redundant, and services will be reduced — all to accommodate a budget that is ultimately irrelevant. It’s all so silly.
And then, if the government decides it wants to upgrade their nuclear submarines, or they decide they want to start another stupid war — trillions of pounds are suddenly easily found. Hardly any debate occurs. And then the bill ends up being footed to the taxpayer and goes onto the national debt.
Tax is theft. And getting people to pay back interest on money created out of thin air, is also theft.
The economic system is essentially a glorified hamster wheel, whereby millions of people work to pay off interest and debt that governments create by ‘borrowing’ money from central banking cartels. But the central banking cartels make the money (debt) out of nothing.
And due to taxation, many people work Monday, Tuesday and part of Wednesday for the government. And then they are offered no choice in what the government decides to spend their tax money on.
But what would happen if people began to look after each other? What if, instead of waiting for seemingly endless political committees to make decisions, the people just got together and did stuff?
The 99% are often stuck waiting for permission from the 1% to actually do anything — yet it is the 99% that have the skills, the labour and the motivation to actually sort stuff out straight away.
Let’s take the example of a new school, and let’s presume the government has said there isn’t the money available for it. But there would normally be architects, builders, surveyors, electricians, plumbers and teachers in the local area. So, all that actually needs to happen is for them to get together and just build the school.
But they’d still need some money, right, for materials and such? Well, yeah, so why can’t they just create it themselves? Why can’t people get together and create their own money? How did the creation of money become the exclusive domain of governments and central banking cartels?
One day, people will wake up to the realisation that the value of money is only ever granted by those who deem it to be valuable. People could very easily just make their own money and assign it value. And this is happening now to some extent via cryptocurrencies and decentralised finance.
Another option would be, people could say to the government, “Hey, you know what, we’re tired of waiting, we’re not paying you any tax for a while, and we’re instead going to build this school.” This may sound revolutionary, but it’s not really. It’s just people in a local community getting together and doing what they believe to be right with their own skills, resources and money.