Saturday, June 6, 2015

MONEY CREATION IS DEPENDENT ON INSTABILITY

Recently,  In my country of New Zealand, in answer to a call for abstracts for an International Indigenous conference being held in Hamilton at the Waikato University in November of this year 2015 I submitted one. The topic I chose was Constructing Indigenous Healing Charts for the Body, Mind and Spirit for the present, the past and the future. There was a panel whose job it was to select 40 out of the over 400 submissions they received. My abstract was one of them. Surprisingly, the organizers should know that most Indigenous people do not have surplus money to spend which my paper addresses in its call for Monetary reform. Sponsorship could have solved this problem and allowed costs to be affordable. The cost of attending is over $700 - money I do not have as I am on a pension. However, I was so delighted at having my paper accepted. The first thing the Colonists took away from my people(Maori) was their land and therefore their economic base. Secondly they took away the means of exchange from barter which my Maori ancestors were extremely good at to money. Pre-Colonization Maori people were extremely wealthy. They shared their wealth with Pakeha settlers. But when their lands were threatened they put up resistance and were no match for the military police which enforced their laws. And so my paper addresses these two main issues: Money and Land Reforms. To my understanding, the two must go hand in hand in order to curb inflation and all NZ owned Banks to create low interest and/or interest free money which the Reserve Bank has the right to do at the Governments request. Yet our Government does not use this mechanism to help their own people. Instead they go cap in hand to Privately Owned Commercial/Trading Banks for loans to raise money to pay for various Government projects. How do you figure that out. It's ridiculous. And this happens not only in my country but in all developed countries. The Banks and the Insurance Companies are run by the same people and they make money out of thin air through offering loans. They depend on loans! Tragedies, Disasters and Wars are favorite hunting grounds for Bankers. They thrive on instability. What concerns me are the few voices like me that fall on deaf ears. Yet we have seen country after country collapse with no money in sight except debt. All developing countries run their budgets on debts which grow exponentially every year. I'd love to hear others thoughts please.