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| EARTH + RAIN + SUNLIGHT + WORK MAKES WEALTH. MONEY DOES INDEED GROW ON TREES. |
Delivering a head prefect’s
put-down to his colleague Vince Cable, an experienced and skilled economist, who
was arguing last week for more investment by government (Keynesian economics)
into UK
jobs – Trust Fund babe, posh public schoolboy and Prime Minister, David Cameron
said “Some people seem to think there is a magic money tree. Well, let me tell
you – there isn’t”
Thus he demonstrated yet again
that head prefects may be the richest but are not always the brightest kids on
the block.
He fails to understand that money
does indeed, and only, grows on trees – or on similar God given growing plants.
He fails to understand that “The Mountains of Debt” that give him nightmares,
are owed to the savers in his own country. We borrow back our own money –
mostly from our Pension Funds. Government is hired to keep it all in balance
and in healthy circulation.
JAIL BAD BANKERS AND WITHHOLD BONUSES FOR TEN YEARS - SANITY AT LAST
JAIL BAD BANKERS AND WITHHOLD BONUSES FOR TEN YEARS - SANITY AT LAST
Money is simply and only bookkeeping
– whether the money is made of paper or gold or diamonds; or cowry shells or
knots on a string. It is ONLY a means of keeping count of assets – of good
things that we want and value. Money is a sophisticated step up from swapping
things, such as bushels of wheat, braces of pheasants, roofing tiles, carts,
cars, houses, cattle and wives and daughters. Instead of paying a restaurant
bill with a BMW front wheel complete with locking nuts, we hand over $250
printed on paper; because it is more convenient and more rapidly greases the
wheels of commerce.
The value behind money,
underwriting money, and the reasons for trusting the value of money – are that
80% of the real-economy value comes from God – it does grow on trees, or sits
in the ground. If it is edible – it almost certainly grew to be edible by
absorbing sunlight and rain – on a tree, bush, shrub or stalk. If it is useful
for making cars or pocket computers – it almost certainly came out of the
ground as metals or rare earths; where God or the Universe left them for our
convenience. God provides 80% of the real value.
The other 20% of the real value in
the real-economy is human ingenuity, human sweat, human toil and human
relationships, cooperation and integrity. Some lowly humble person, maybe Vince
Cable, picks the crops or digs the metal – invents new and enticing things;
renders them cleverly into shiny cell-phones or irresistible restaurant
platters – or yummy chocolates – and offers them to his fellow humans.
From the contributions of
sunlight, the planet Earth, some unimaginably complex weather systems – and
Vince Cable’s ceaseless toil – we get nice things; God is in His (or Her)
Heaven and all is right with the World. Our wealth does indeed grow on trees.
Then we get the plagues of bent
bookkeepers. These are the people who prey on and pervert the processes of us
converting the real-economy, with all its nice but unwieldy things that are
difficult to swap without the intervention of “money”. Now we get the bankers, the politicians, the
gangs of Party loyalists, the lawyers, the bent accountants and auditors, the
bribed bookkeepers – and hordes of their neophytes, familiars, vampires and
leeches. They sit in the money circulation major arteries and suck the
real-economy host dry – almost to the point of death. In some cases they do
kill the host – and crawl away to infest another.
These bean counters are vital and
valuable if they are honest and reliable. When they become dishonest and unreliable
and incredible – the money they offer as an intermediary swap for real things
becomes valueless. At that stage the paper-money people, the crooks, have to be
culled and eliminated. All their warped records of our real-transactions become
null and void. They all have to be disposed of – and the real-economy starts
again. New money is created and new ethical rules are introduced – and the
World is peaceful, busy and wealthy for a new era – until the bookkeepers
become corrupt again. The Information Society may be bringing these tedious
fifty year cycles of petty crime and fiddling the books, stretching back over
5,000 years, to an end; then we can get on and become a consistently wealthy
world.
Money is printed by governments
to account for and represent the real things in the real economy. We hire the
governors and bookkeepers to do this honestly and accurately. They become
corrupt. We dispose of them – and start afresh.
The Sun continues to pour
infinite energy on an almost limitless Earth and the majority of people happily
add to the common-wealth and consume only a fair share. But, when society has
too many takers and hoarders and not enough makers and sharers – we get bloody
and destructive revolutions. Don’t get Even – get Mad!
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