You don’t need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.
1. Turn everything into a commodity that can be traded on the global market: land, leases on land, options to purchase land, houses, buildings, rooms in slums, labor, tools, robots, water, water rights, mineral rights, rights to air routes, ships, aircraft, political power, shares in corporations, government bonds, municipal bonds, corporate bonds, student loans that have been bundled into debt-based instruments, the income from city parking meters, electricity, software, advertising, marketing, media, social media, food, energy, insurance, gold, metals, credit, interest-rate swaps and last but not least, financial instruments that control and/or pyramid all the real-world goods and assets that have been commoditized (i.e. almost everything).
World Domination–it has a nice ring, doesn’t it? Here’s how to achieve it in 5 steps:
Why is this the essential first step in World Domination? Once something has been commoditized, it can be bought and sold in the global marketplace in fiat currencies–currencies that are not backed by any real-world asset and that can be created out of thin air by central and private banks.
You see the dynamic, right? Create credit-currency out of thin air, and then use this “free money” to buy up the real world. Quite a trick, isn’t it? Get a means of exchange for essentially nothing (i.e. money at near-zero interest rates) and then trade this for assets that produce goods and services everyone else needs or wants.
Now we understand steps 2 and 3:
2. Enable private banks to create money out of thin air via fractional reserve banking. You know the drill: banks can issue $15 in new loans for every $1 in cash they hold in reserve. (Depending on the current regulations, it might as little as $10 or as much as $35 that can be created and lent out for every $1 held in cash reserve.)
In the current zero-interest rate environment, this new money can be borrowed for near-zero carrying costs by corporations and financiers.
3. Establish a central bank with essentially unlimited ability to bring money into existence and use it to backstop the private banking sector. If the private banks get in trouble, no problem, the central bank is there to bail them out with unlimited lines of credit and an unlimited ability to create new money.
4. Undermine/destroy local economies’ ability to organize production and consumption without using credit and fiat currencies (i.e. money controlled and issued by central and private banks). Trading goods on barter? Get rid of that. Using social ties rather than cash or bank credit to organize production and consumption? Eliminate that capability. Locally issued currencies? That’s against the law. Using cash? bad, very bad–everyone must use banks and bank credit instead.
Once these four steps are in place, the 5th step is easy:
5. Buy up all the productive assets and income streams of the world with nearly free credit-money. No saver can compete with corporations and financiers with access to billions of dollars in nearly-free credit-money.
It doesn’t matter if you earn $1,000 or $100,000 a year–you will be outbid.
Once everything can be bought on the global marketplace, and you have nearly unlimited access to super-cheap credit, you don’t need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.
Now you understand why I say: if we don’t change the way we create and distribute money, we’ve changed nothing.
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Contributed by Charles Hugh Smith of Of Two Minds.