Consequences of Games, and Credit
In life, there’s many games that can be played. The career game, the success game, the money game, the status game, the power game, and, the spiritual game, to name a few. We investigate the games, and their reliance upon credit, and the damage they do.
Games like the Career, Success, Status and Money, appear to do well for the economy, generating expenditure and revenue, cycling money through industries. The players of these games, develop into life-styles of throw away culture, just in time development, cost-not-quality, and build-to-expire goods. The results of this are erosion of the environment, toxic chemicals/pollution, and labour/sweat shops for starters. They Centralize, looking to exploit whatever they can now, with off-shoring, and mass-media conglomerates(something like >60%* of what is read in papers, or seen on TV world wide is owned by a small hand full of people, who make decisions based on their values, often which are highly politically driven.) and being modern pressing example. The focus in these life-games damage local economies, eventually draining and devaluing the local currency, causing once booming cities to become ghost towns.
We don’t yet live in ghost towns, so how is it that cities are staying afloat? To keep the value of money government sell currency to ‘foreign investors’, which sustains it’s value and the economy from crashing. Another way this works is through importing, but not paying. This is called the Foreign Deficit. For example, in 2007 Australia’s current Foreign Deficit is around $3.6Billion, and growing.
Currency in most major nations is driven not by government or reserve banks, rather a group of investors in the currency, or the creditors who allow us to import without paying. He who controls the money controls the power. Not only does government get squashed by corporations who wave a bit of money to the government, and whatever tax breaks, or laws they wish are magically granted. Government’s hands are also tied on the other side, as a result of being in huge debt, which the investors and creditors happily keep applying interest onto, which our tax dollars go to pay off.
Mildred Loomis looks at the American situation stating
“the inescapable point is that America is too losing her independence to foreign bankers. The hard-earned taxes of US working people are being transferred to foreigners in order to pay the interest and principal on the national debt which foreigners own. We are transferring an even larger part of this total debt itself to foreign creditors. We are mortgaging the Republic to strangers and governments over whom we have no control, and whose loyalty we can never be sure. The pervasive and irresponsible momentum of the federal government expenditures is to make the US Republic an increasingly insolvent and illogical debtor.”.
Don’t forget here that government was developed to serve the people, not to serve itself, corporations, or it’s investors.
The alternative games aren’t new, I imagine they began at the same time, they just aren’t ’seen’ as attractive from the view of society in general. We are brought up with media, marketing, and advertising shoving the idea of money, success, and the corporate job as the highest pinnacle of society. There is no other way, no other game as far as they will have you believe. Their income relies upon you believing their message, their board of directors and shareholders don’t care how skewed their message is from reality, as long as it sells, and keeps them floating. They too, to a certain degree are trapped in a world of their own creation. They must keep making profits.
The recent advent of the last 30 years in marketing is the Brand, no longer a product but the intangable. To market the brand, a lot of money is spent investing in synergestic products, sponsoring people, events, lines of clothing, cd’s, concerts, even human rights issues are getting branded by big business as a ‘new vertical’ to be exploited. “appealing to the sentiment of the public”. Branding is expensive, it’s the fuzzy intangble stuff. They borrow heavily from creditors, pointing to their charts showing “growing markets” with the growth of the brand. Somehow they keep managing to get more money as long as it’s seen that their audience is purchasing more.
Turing profit for these guys is a 10+ year plan, and in the mean time? Credit, lots and lots of Credit. There’s no real money or value, just the mirrage that at some point there will be value. If things don’t work out? Right it off, literally 100’s of millions a year are written off, like the money never existed sunk into ventures that failed. This deflates the value of the currency, as what was printed is no longer in circulation, the assests are intangable, there’s no recoup. The result? Inflation and interest rate rises. This is OK, balancing a budget is not a concern of the guys who control the money, just keeping the system ticking over.
In summary, government has little control, as it’s bankrupt, with investors and creditors on one side, and corporations on the other. Instead of facing the issue of a currency correction they took loans, for the good of the people in the short term, but not the long term. Corporations are hurting the public. By causing inflation and interest rate rises through over extended credit, real people are able to buy less with their money than before the it began. Credit is evil.
*(Figure to be confirmed)
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