Monetary Reform is not a conspiracy theory

As you research this topic further, monetary reform is often presented alongside a full blown conspiracy theory, which claims that the financial system is being shielded from criticism and deliberately employed as a device for keeping people in a state of dependency, so as to advance a high-level political agenda. But this conspiracy theory is far from proven. Certainly, most political figures clearly know nothing of the weakness of conventional economics.

What dominates the world is not a conspiracy, it is a philosophy, a philosophy which tends to be held with unshakeable conviction by those employed in corporate business, high level government and supranational regulatory agencies. The philosophy that economic problems can best be solved, not by the people affected, but by experts.

This is the philosophy by which the personnel at the World Bank have crucified the economies of so many Third World countries by their gross interference. It is the belief that those with power can organise things better than anyone else and when things go wrong, the need is for yet more power. And it is a wholly false philosophy.

What currently dominates world politics is not a true conspiracy; it is a mistake. It is a conspiracy of error. We are witnessing the collective pursuit of an impossible political ideal and an enormous economic paradigm, built on a inadequate, misunderstood and almost unchallenged financial system. To cry conspiracy is easy; the far greater challenge is to tackle the vast numbers who are now convinced of the validity of conventional economics and the merits of more bailouts, more regulations and miss-guided anger, and attempt to persuade them that their economic and political practice is misguided. And for them to realise it is false, they need to be aware of the political alternatives. I remain optimistic with the recent events of the global financial crisis that economists and politicians alike are ready for a new paradigm, new beliefs and an entirely new system altogether. If monetary reform is to come out of the global financial crisis then we are on our way to a more prosperous, fair and sustainable society.

The nature of the economic dictatorship from which we suffer only becomes apparent when the financial system is fully understood and the alternatives are considered. This ignorance doubles the difficulty and makes it far harder to tackle them if there actually were a conscious conspiracy. One first has to convince people, who have achieved positions of power by accepting conventional economic dogmas, of the weaknesses of convectional economics. One then has to convince them that their policy, whether or not they are aware of it, is effectively tyrannical. Next one has to convince them of the vitality and workability of an alternative economic model. Finally one must persuade them to implement policies which are often in principle, the reverse of those they have for so long pursued, and which will involve them in a more subordinate role. This is no easy task, but if one good is to come from the pain caused by the global financial crisis, it is that they will certainly question there old paradigm and I have faith that if this message spreads the public will be able to support them in a new alternative that involves monetary reform for the good of us all in a new paradigm of sustainable economics.