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Monday, 17 November 2014 23:54

Social Credit Perspectives: What is Wrong with the Economy?

Written by Liam Allone
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The following was submitted by Liam Allone of http://www.economiccures.com/

I can demonstrate the fundamental gap or “shortage of money” that is built into the money system the entire world – without exception – is using at both a macro and micro level so that it becomes obvious that the analysis is correct.

Macro proof: If you consider the US, its GDP is presently about $14T/year. This is the PRICE that was ACTUALLY achieved for the purchase of all the goods and services produced by the US for the stated year. The Bureau of Labor Statistics reports that the total wages, earnings and dividends reported to the IRS comes to $8T. $14T - $8T = $6T GAP or shortage of purchasing power. Divide the number of American men, women and children into that and it comes to about a $16K per capita SHORTAGE OF MONEY.

Micro proof: Consider any good or service and ask yourself: "Is there anything offered whose price is only comprised of wages, earnings and/or dividends?" The conclusion is always no. Now ask yourself: "Is there any good or service that has no price component consisting of wages, earnings or dividends? Again the obvious answer is no.

The inevitable conclusion is that wages, earnings and dividends cannot possibly pay for the goods the earners have worked to produce. So the skeptic then asks, “Well then how could the price of $14T have been paid for in full? ” The answer is the secret the banksters don’t want you to realize. The money needed to make up for the deficiency in purchasing power IS BORROWED! AT INTEREST! FOR THEIR EXCLUSIVE BENEFIT! How so? Government bonds, taxation (the extraction of interest mechanism), corporate lines of credit, venture capital, home loans, car loans, credit cards, personal lines of credit. All these serve to fill the gap in purchasing power. All we are doing is continuously kicking the can of debt down the road with the inevitable and relentless result that public, private, and corporate debt is ever expanding and prices (i.e., cost-push inflation) are ever rising. We are all debt slaves and the master is the banksters.

How do they keep sucking us into this trap? We have all bought into the lie that we need to WORK FOR THE MEANS OF OUR BREAD. This is salvation by work. We need salvation by grace – the free gift of excess capacity that technology has won humanity as a whole so that we – humanity - have, in fact, already EARNED a certain amount of rest from work! In other words, we need the gap to be filled by an adequate volume of debt-free money that is freely distributed to consumers.

Last modified on Sunday, 11 February 2018 00:01

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1 comment

  • Comment Link LINDSAY TEMPLE Monday, 04 March 2019 07:07 posted by LINDSAY TEMPLE

    THOUGHT GOOD

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