Monetary Reform

I’ve just finished watching Bill Still’s “The Secret of Oz”

and just for good measure I watched his older offering of “The Money Masters”

Close to five an a half hours of documentary watching. These films give an interesting historical timeline to world events and their relationship to availability of money at the time.
I’m not an economist but in a nutshell the film proffers as fact that “He who controls the money supply, controls the world” and that this control is presently held by unelected officials and thus are unaccountable to the people.
Essentially this means there is no such thing as democracy in the world today, just the illusion of it.

To it’s credit these films don’t just dramatically expose the problem but offers a quick and seemingly easy solution. Bill Still, like me, has a plan to “Save the World”. His solution, which incidentally I see merit in, is monetary reform.

The essence of his solution is to firstly hand back control of the money supply to elected officials (Governments) and for them to issue the money debt free backed purely by good faith in the economies they represent. (i.e. Fiat currency) This function becomes a utility for the benefit of citizenry. Secondly, to abolish fractional reserve banking over a two year period by recapitalising the banks by issuing more money until their reserves have a one to one ratio to their outstanding loans. The bank’s business model changes over this period to essentially become brokers bringing together buyers and sellers of debt. They can still make money but nowhere near as much as they can now.

If it weren’t for the fact that in the past assassinations have been financed, wars have been started, and politicians have been bought, in an effort to stop this solution from happening, it would all seem quite simple and logical.

My solution of Kahatika is a little more subtle than this and works to similar ends but from a different angle. It may well be the step that makes Monetary Reform possible and meaningful.