World Monetary Reform: The Times They Are A Changing.

English: Inland marshes of Jekyll Island, Geor...
English: Inland marshes of Jekyll Island, Georgia. Taken in the Spring 2001. (Photo credit: Wikipedia)

Posted December 27, 2013

by Jerry Alatalo

After viewing as powerful a documentary as I’ve ever come across – “Four Horsemen” – it was only the next logical step to find the men and women who appeared, to learn more of the messages they are conveying. The first person from the film that I sought out was Satish Kumar, who I learned is 77 years old, born in India and a current resident of forty years in England. His life’s focus has been ecology, environment, indigenous rights, and a more holistic, spiritual, natural basis for living.

Then I decided to see what else Mr. Tarek el Diwany has to share. He became identified in the film as a person who was heavily involved in the world of finance, with an expertise in derivatives, of which Warren Buffett said, “weapons of financial mass destruction”. So, I heard him speak at a recent gathering in Turkey, the “International Forum on Financial Systems”. Mr. el Diwany spoke about creative, new methods of financing which are more in the interests of the people, as opposed to benefitting the select few.

He touched on the problems associated with regulations and rules which attempt to enforce the cleanups of corrupt actions, that are almost certainly destined to fail because of their inability to keep in line managers who have never received training in morals and ethics. His talk included his views on monetary matters from a philosophical standpoint, contrasting business schools’ teaching of profit maximization as motivation #1, to ethical and moral motivations which include the well-being of society.

He gives examples of problematic issues like monopolization, where a handful of corporations come to dominate entire market segments, often giving different names to stores, while actually the stores are owned by the same people. He asks if this monopolistic system is where we as a people want to continue, with owner managed businesses moving toward extinction.

He finally speaks out for establishing public banks, the greatest chance for decentralization of financial power. I was hoping he would speak about derivatives, but he didn’t mention them. I will need to do more research to get Tarek el Diwany’s views on complex financial instruments. He notes that he has been in the financial industry for over twenty years, surely making him a man worthy of more consideration as a source of insider information.

Upon finding Mr. el Diwany’s speech, I happily noticed that a man I have come to admire, Bill Still, was also speaking in Turkey at the same forum. Mr. Still started out as a journalist, then became a documentary filmmaker, most well-known for “The Money Masters“, “The Secret of Oz“, and “Jekyll Island”. This is just my opinion, but I believe Bill Still’s “whistleblower” status exceeds Chelsea/Bradley Manning, Edward Snowden, or Daniel Ellsburg. In other words the monetary issues he has engaged in as a reporter and filmmaker are issues that are more important – directly affect a larger segment of the human race – than the others.

This view is not meant to diminish in any way the courageous actions taken by all truth-tellers, as they are all worthy of support and admiration. The following analogy is intentionally exaggerated to make the point. Certain truth-tellers have received more notoriety than Bill Still for blowing the whistle on government waste of tens of millions of dollars of taxpayer money. Bill Still has told the truth about the world’s financial systems, exposing multi-trillions of dollars of corruption and debt slavery for billions of human beings.

My simple observation is that the message Bill Still has worked to get out for decades is essentially about total human freedom – the quantity of freedom which equals humanity’s greatest potential.

In Mr. Still’s speech at the International Forum on Financial Systems in Turkey, he delivers a very accurate description of current situations faced by all nations today. He talks about humanity’s 2,500 year march toward freedom, the over-consolidation of economic and financial power, the problem of sovereign national debt, and the power of money creation in centralized groups of people – with virtually all citizens out of the picture.

He speaks of effective self-government illustrated by the Greek statesman Solon centuries before the birth of Christ, and the rule of law/equal justice. He points out that certain organizations of governments have come to suppress the people instead of protecting them, and failed to allow the people to “buy-in” with implementation of a state of affairs equaling true, participatory democracy – leaving many citizens frustrated and cynical.

Bill Still gives the attendees a quote by a Nobel Prize winner from the 1930’s, “…before the birth of Christ, the people of Greece recognized one of the most vital prerogatives of the state was the sole right to issue money”.

Essentially Mr. Still is advocating government “in the public interest” and not “plutocracy” – tyranny.

“Historic responsibility has to make up for the want of legal responsibility. Power tends to corrupt, and absolute power corrupts absolutely”.

– Lord Acton (1834-1902)

At any rate, Bill Still conveys that private central banks will never operate in the public interest. He calls for an end to fractional reserve banking, no more government borrowing, the nationalization of money (not a nationalizing of banks), and thoughtful monetary reforms that are – simply – in the public’s interest.

****

(Thank you Bill Still @ YouTube)

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2 thoughts on “World Monetary Reform: The Times They Are A Changing.

  1. Great share. I also really admire Bill Still. However I’m a bit wary of his views on Bitcoins and Quarks. Besides the speculative bubble that has enveloped all crypto-currencies, any money you invest in them will vanish if the grid and Internet go down.

    Like

    1. Stuart,
      I share your view on bitcoins – seems like a very fringe phenomenon which offers nothing substantial. Without knowing what Still’s stance is, my guess is he favors anything that decentralizes power, without advocating its (bitcoins) case as any kind of real solution. It was interesting his saying that Turkey is considering bold monetary reform moves.
      Thanks,
      Jerry

      Like

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