In “Working Girl,” that wonderful film about exploited “little guys” taking back their power, we hear an anecdote that’s relevant to our current financial fix. The story goes that a truck was stuck under an overpass, and none of the authorities called to the scene could figure out a way to get the truck through the tunnel. A little girl in a car that was stalled in line came up with the simple and perfect solution: let some of the air out of the truck’s tires.
Simplicity is usually the place to go for right answers. Our current manipulated financial crisis could actually be solved by a very simple solution. Let the excess air out of the financial system: the air that modern money is mostly made of. Loans that have been generated based on false money (numbers generated on paper checks by banks, money that doesn’t exist) should be considered false loans that need not be paid back.
With this simple new policy, every nation’s national debt would disappear. Personal debt would disappear. Home debt would disappear. We would all be left with what we have, own and use, and it would be legally recognized as ours, not as the property of a bank. National debts would be forgiven because the money given to nations for loans never really existed in the first place.
We would wipe the slate clean and start back at zero. The cash currently in the hands of the public would be the last that is printed. Lending would cease, unless it could be done in cash. Here’s an alternative solution: create bluebacks, a new currency, and make that the new medium of exchange, distributing $10,000 of it as “starter” to every American adult.
We’re told the economy will grind to a halt and a massive depression ensue if the government doesn’t bail out banks so they can keep on lending money. Why? That makes no sense. Why is the ability to lend considered the measure for a healthy economy? Our problem exists because of excess lending. Why is lending necessary to an economy, especially one that’s sick because it’s had way too much of it?
It’s a lie being told us to scare us into thinking we have to accept the scalping they have planned for us with the government bank bailout. Why is human productivity and the exchange of goods and service (the essence of “economy”) dependent on lending? Where is the harm if people produce and trade with the real products they have and can create, instead of trading with the fake “air” money the banks give in loans? The very nonexistent money that has caused our crisis?
How is lending more nonexistent money, or buying up debts of nonexistent money and charging taxpayers for them, going to solve the root of the problem, which is the nonexistent money itself? This “solution” is tantamount to a person who has their bank after them for failure to pay on a loan “solving” their problem by making the delinquent loan payment using a credit card. The banks won’t allow people to do that, because it’s clearly not a solution at all, just a forestalling of the problem. But now on the national level, we’re supposed to accept a similar solution as the panacea that will “save the economy.”
I say, let it fall. Let the false economy fall! Let the loans fall apart, let the big banks fail, let all the sick structure come to pieces. What we’ll be left with is the dollars in our purse or pocket, and the dollars we will earn next week at our jobs. People will pay for things in cash, or by trade or barter – perfectly good systems of exchange that were used for centuries by mankind but that the global elite have conditioned us to regard as impractical or obsolete.
Instead of making the cash in circulation the only official money, we could outdate the current cash and issue a new paper currency — blue dollars instead of green ones. Distribute $10,000 of bluebacks to every American adult ($1,500 for each child) and throw away the old currency, credit cards and debit cards – no longer recognized as money. Only checks and the new cash would be acceptable.
Why would this work? Let’s simplify it to the level of an example. Let’s say Person C needs some writing done and tells me she’ll give me $200 in bluebacks to do it for her. I write up her document, and she gives me her bluebacks. I then turn to you and say I need some hauling done – would you do it for the $200 bluebacks Person C just gave me? You say yes, you do the hauling, and I pay you. You then go to Person C, who knits sweaters, and ask if she will make you one for 200 bluebacks. She says yes, and you get a new sweater. Person C gets 200 bluebacks in exchange – the same 200 bluebacks she gave to me at the start of this example.
What has just transpired? Person C got some writing she needed, I got some hauling I needed, and you got the sweater you needed. We all were able to work, and we all got paid. Money passed around and wound up back where it started, but in the process, three new things were created that helped people: some writing, some hauling and some knitting. This little drama between the three people stimulated production and exchange.
That is the essence of the concept of “economy.” Healthy economy is not lending and creating false money. It’s people working to sustain themselves and to make their lives better, trading services and products they are skilled in for services and products other people are skilled in. That’s what money was all about when it started: it took the place of barter exchange, where I gave you my potatoes in exchange for your eggs.
Money happened because you didn’t need my potatoes but were happy to give me eggs. So instead of potatoes, I gave you a certificate for the equivalent value, and you used it to trade for something you actually needed – milk. The guy you gave my certificate (money) to could later on give it back to me in exchange for my potatoes, or he could give it to someone else in exchange for a different product or service. That’s how money was originally meant to work.
Money, in a sound and safe economy, is always tied to the value of a product or service. It is never created as numbers out of thin air. It is never fake. It always represents the tangible fruits of service and production.
Whether we use our current green cash or institute “bluebacks,” going back to a simple cash system would restore our economy to soundness and sanity. I prefer the idea of bluebacks for one reason: many people, who’ve been living on credit and debit cards, have no cash! How would they live, if cash becomes the only medium of exchange? By contrast, distributing bluebacks, evenly to all people, would be like starting a new Monopoly game: everyone begins equal, with the money they need to continue producing and trading.
In this simple new system, one thing must be outlawed: the creation of fake, fresh-air money. In other words, banks can’t can’t create false money by writing numbers on loan checks representing cash-on-hand that doesn’t exist. Banks, in fact, should not be permitted to write checks again, given the mess the banks and their checks have created. Only individuals should have this right. When a bank wishes to give a loan, they must give it in cold cash. It has the right to charge interest, but cannot lend money it only pretends to have. This will greatly reduce the power of banking institutions, returning them to the simple structures they were in the beginning.
The economy moves when people are moving and working. When they are producing, and sharing the good products of their labor. That’s a strong economy. It’s also called “living.” Creating and enjoying things, and supporting themselves, are spontaneous activities for humans. In our natural state, these things happen unimpeded. In our unimpeded state, “the economy” is strong.
Right now, bankers and governments threaten to impede the simple practice of economy to the point of stopping it. They have actually been impeding it for centuries, through outrageous taxation and in the past decades through outrageous mortgages. People work most of their lives just to pay two things: mortgage and taxes. In Amish societies, a home is a built in a day with the help of neighbors, and it’s yours. No mortgage, no big deal.
Everyone has the right to a home that is theirs, not the property of bankers. Why can the Amish find a way to own a home in a day, while the rest of us take 30 years of mortgage-paying to do it? Why do the bankers own us? Why have we let this situation develop? We are slaves to the moneyed aristocracy, tied to them by loans of fake money that never existed, numbers they wrote on a check to get ownership of our homes.
Bankers have impeded our economy and controlled us for a very long time, but now they threaten to stop our ability to trade entirely (i.e., crash our economy) if legislators don’t bend to their demands that the government swallow up their toxic debts and pass the sickness on to the American people, who already are taxed to the point of bare survival. The intent is to cause another depression, but before that happens, to give the government total control of the economy so the big bank moguls in bed with the government have no competition from smaller banks and credit unions that attempt to truly serve the people.
When the moguls/government leaders have accomplished both total financial control and another great depression, they will offer the solution to the suffering they have caused: their own new currency in the form of a national debit card. They will issue new money, but it won’t be bluebacks that you can exchange freely, that are tied to the tangibles of service and production. Their new money will be numbers on a computer, numbers they can alter to suit their purposes whenever and however they wish. Your money will be whatever it shows on the international computer as your holdings. If they don’t like your politics, they can delete your account. They will monitor everything you buy and spend through your national debit card.
And after you’ve used it a year or so, after they’ve saturated their mainstream media with PR about the wonderful security of having a beneath-the-skin microchip, they will tell you that all debit cards will be worn as microchips in that fashion, to stave off fraud, terrorism and identity thieves. You’ll be told you can store your medical records on the chip, your address (in case you get kidnapped) and other essential personal information.
Voila: we become cyber people, monitored and controlled by the global computer, which of course can send electrical impulses to the chip as easily as it can read one. With this final move by the power elite, we will be owned lock, stock and barrel, down to the level of our bodies. It’s tantamount to the chains they once put on slaves. Only our chains will be worn inside our flesh.
So what are we going to do, Americans? Sit back and let the government stick us with a trillion dollars in debt and tax us to starvation and homelessness? Let them create a depression, and the “solution” in the form of a national I.D./debit card, our only legal means of exchange? And if we allow all that, how will we resist their inserting those I.D.s into our arms whenever they want to? If you don’t permit it, they’ll simply cancel your money account and take your home.
Of course they’ll have all sorts of reasons why the I.D. under your skin is to help you. Just as this government takeover of the American economy is being touted as an act to protect the interests of the people on “Main Street.”
We have to look for the simple solution. We have to simplify, because in simplicity the essentials of anything exist and thrive. We need to ask what a healthy economy truly looks like, not let the moguls define that for us. Then we need to take simple actions to get ourselves back to that.
We will stop borrowing and stop spending beyond our means. Banks and corporations will fail that have been doing those things, and justly so. People who worked for those institutions will start over with enough bluebacks to carry them until they find sustainable jobs, jobs not dependent on the vultures. We’ll return to buying within our community. The toys we lived for that are propped up by the surveillance economy will drop away, and we’ll get back in touch with simple, important things.
Families will have time for each other instead of having to work two jobs and spending all their at-home time just trying to keep up with chores and child-chauffering. Marriages will start to prosper, freed from the stress of the modern insane lifestyle. Kids will start to find fun at home and play with their parents and neighbor kids. People will buy and trade locally, at small independent stores, from small independent farmers and tradespeople. We will learn new skills to replace our lives in the office cubicle/debacle.
Crafted products will return, and pride in a job well done. We’ll have homecooked food (with time to prepare it). Electronic products won’t break in a year and get tossed onto the ocean cesspools. Things will be made to last, and leisure time will develop, as mortgages and outrageous taxes, along with all the corporations that only served their own interests, bite the dust. We’ll have time to explore philosophy and think about higher things, explore potentials of being human we haven’t been able to think about in the exhaustive struggle just to survive. We will enter a new era for mankind.
It will not happen if we roll over and let the bankers and main government leaders (they’re actually the same, if you look at who’s standing in the shadows) bail out the banks at our expense and march us down the road to another depression, along with all its ensuing agenda. We will only see the dawn of a new age if we stand together against the insane, self-serving policies and demand a viable alternative. Bluebacks to save the economy? Why not? It only takes enough people calling for it to make it happen.
The 5% can’t rule the 95% if the 95% stop allowing it. If we get mad enough, and loud enough, and number enough, the insanity will stop and the insane will be ejected from positions of control. One way to start this is to tell our legislators to let the banks tumble, and to institute new money. Can you think of a more crucial or strategic time to take back our power?
© Bronte Baxter 2008
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