The theme discussed in articles this week – ranging from the philosophical lessons of the US election, to gun control, section 18 C and many other topics –is that “the system is rigged,” to take a meme from the present Trump debates. The idea here is that the “system” – economic, political, and cultural – has fundamental elements of corruption and deception built into it. Social creditors would not be surprised to be told this because they have been aware since at least Major Douglas’ first writings about our flawed financial/economic system, with faults ranging from the lack of purchasing power to the “black magic” creation of credit by banks out of nothing and the debt creation on financial instabilities produced by that.
However, apart from the “big picture” corruption, relating to the fundamental contradictions of the system, we continue to find every week “micro corruptions” in the economic, political and cultural systems. To name a few from economics: there is the “discovery” of a global gold price collusion, where the world’s major banks rigged the price of gold for over a decade: The Australian, October 14, 2016; A Caminschi and R. Heaney, “Fixing a Leaky Fixing: Short-Term Market Reactions to the London PM Gold Price Fixing,” The Journal of Future Markets, vol. 34, no. 11, 2014, pp. 1003–1039.
There is also the failure of politicians across the world to address the seriousness of the exploding debt crisis. While the media falls all over Hillary Clinton, bowing to her globalism, US national debt is now a crushing $US 20 trillion, as Collapse News, October 21, 2016 reports. It would take 18 months, using the entire US GDP – which is obviously impossible – to pay this debt off No-one asks: who is the debt to, and how could a nation become essentially bankrupt? Who lurks in the shadows pulling the strings?