Joe Kelley
Administrator
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http://www.informationclearinghouse.info/article25650.htm
Note the reference about interest rates. The blame, or the power source, that is responsible for bad things is “low interest rates” – please note that message, know it, and don’t allow it to merely pass without notice into your subconscious.
The thinking there is based upon an idea that must involve the State capitalist rule of power whereby the commodity of money, the medium of exchange device, tool, or power to transfer power (money), is one and only one form, a monopoly form, a “legal” form of one; where one power supplies this one legal form of money.
If that monopoly control isn’t enforced by a State capitalist power rule, or regime, then the many suppliers of money, the many suppliers of the medium of exchange tool, the many suppliers of that which can transfer purchasing power, will be competing for market share, the many suppliers will be competing for market share instead of the one supplier having the power alone, and then, once the many suppliers are competing for market share the winner with the most market share will be the one who supplies the best money at the lowest cost.
What is “the lowest cost of money’?
That “cost of money” is also called “the interest rate’?
If the interest rate is “high”, as the message on the video reports, then it is important for understanding the truth, the accurate facts, to answer that last question from two viewpoints – so as not to confuse, so as to separate that which confuses.
1. What is the cause of high interest rates when money is legally forced into a monopoly power?
2. What is the cause of high interest rates when money is not legally forced into a monopoly power?
For the accurate answer to number 1 on the list there is a requirement to ask the people who supply the money for their reasoning as they set the interest rate they choose, or, without such honesty from such people, the question can be guessed, or logically theorized, as to why those people made those decisions. Or, the facts could be seen for what they are, and the motives left undiscovered. The fact is, that the interest rate is set by the people who have the legal license to set the interest rate because those people also have the legal power to produce the supply of legal money. They set the interest rate by fiat, at their discretion, as they please, for whatever reason they imagine, or discover, or employ, as they alone see fit. Along with the power to produce the monopoly money, the legal money, those people having that power also have the power to set the interest rate.
They can add digits or decimal places at will, such is their power, and that is factual.
The answer to the second question on the list involves a power that is a collective power that could be called “market forces”; but such labels do not convey accurate meaning if the perceiver isn’t familiar with the perception in view.
Suffice to illustrate what happens with an example, and see if the reader can see clearly?
I’m going to use the number 10 as a possible number of money suppliers that are allowed to compete in a money market such as that which would be in force in the case of the number 2 question where there is no force that empowers a legal money monopoly.
Here is a possible list of possible money suppliers, familiar names, and the idea here is merely to illustrate that which can (or does) happen in free markets (free, meaning, absent a power that forces a monopoly, or single supplier):
1. Euro Money Supplier
2. Yaun Money Supplier
3. Google Money Supplier
4. Microsoft Money Supplier
5. Yen Money Supplier
6. General Motors Money Supplier
7. Exxon/Mobile Money Supplier
8. CIA Money Supplier
9. General Electric Money Supplier
10. Hugo Chavez Money Supplier
Suppose, now, that you are Joe worker A and you now have this choice to be paid with any of the top 10 money suppliers supply of money from your boss, or, you are Joe merchant and you now want to limit the money you accept as payment for your things for sale, or you are Joe employer and you want to limit the choices you offer to your workers that you pay. You, whoever you are, choose which money you use in either case, any case whatsoever. Which do you pick and why do you pick that money? What force is involved in your choice of money now that you are not being forced into using the legal money supplied by the one legal supplier?
The force will be:
1. Does the money accomplish the task it is meant to accomplish effectively?
2. How much does the money cost?
If the money is on the list, then the money accomplishes the task.
If the money cost more, do you still chose it?
If the money cost more, then it is money that carries with it a high interest rate.
If the money carries a high interest rate, then many people are sending their hard earned power to purchase to the money suppliers.
Why do you think interest rates ever get high, and why do you think someone will be “supporting” a money monopoly?
The answer is very clear to me. Why would the answer ever be confusing to anyone – ever?
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