ECONOMIC BOUNDARY CONDITIONS

Copyright © 2003 Victor Shane, All Rights Reserved

“You can’t fix something that’s broke on the basis of the same set of assumptions that made it broke in the first place¾you will just keep bouncing off the same walls and end up right back where you started.”

The love of money is the root of all manner of evil.

1 Timothy 6:10

It was thought with a great deal of certainty that organized error had been dealt a death blow in the course of the American Revolution, and indeed it was a great blow that America’s Founders were able to deliver into the ribcage of the derivative Beast.

Unfortunately what could not have been foreseen by them was the degree to which the ancient conflict would soon shift itself from the domain of religion to that of economics. They did not and could not have foreseen the extent of the industrial changes in the offing, and the degree to which the economy would emerge as a measure of human order and well being. They could not have foreseen the degree in which the devil of Debt would begin to compete against the labor of Man and seek to deprive him of the dignity of his origins in God. (Though Jefferson did issue a warning here and there.)

Whereas the religious disguises of the ancient Beast are now footnotes to history, there is yet another disguise that has to be exposed before the monster can be laid to rest for a thousand years, and this last disguise has to do with the world’s system of money creation. For too long the subject of money creation has been left ill defined and unresolved, to this day regarded an occult science hidden behind a cloud of mystery and technical jargon. Otherwise intelligent and thinking Americans do not know how their money is being created, or by whom, or at what cost. They have no idea why the nation is facing bankruptcy, saddled with astronomical public and private debts that are augmenting themselves by geometric progression. They are at a loss as to why disorders such as debt, poverty, disease, want and crime should be found in such proportions in the most abundant land on earth, or why such things as “recessions” should ever have to occur here in the first place. This is a deplorable condition for any people to be in, let alone those who claim to be the freest on earth.

The wealthiest nation on earth is now facing the greatest debt crisis in her 200-year history, a crisis that would have made the very bowels of her Founders grate in horror and astonishment. The national debt of the United States has now surpassed the six trillion dollar mark, a figure that is altogether incomprehensible. It is said that six trillion $1 bills placed end to end would pave a four-lane highway all the way to the sun and back…

Meanwhile there has been a 90% decline in the purchasing power of the dollar since the passage of the Federal Reserve Act in 1913. Even with massive subsidies, the average farmer can barely keep his head above water. On the heels of every hope, the threat of default and mortgage foreclosure. The plow is left in mid-furrow, the plant is shut down, the workers are laid off, the schoolhouse is empty, all for the want of something called “money.” Twenty million Americans are said to be living below the poverty line as Congress makes hypocritical apologies, raising the ceiling on the national debt to keep itself afloat for one more week, one more month…

In the wealthiest nation on earth people are faced with poverty of soul, living from hand to mouth, robbing from Peter to pay Paul. Salaries are slashed, pension plans are looted, budgets are cut, and veterans programs are scrapped. The poor and the needy are driven out into the streets. The sick cannot afford physicians. The laborer can no longer put aside a ransom for old age. The dream of the golden years has been replaced by a nightmare of poverty and the gloom of the geriatric ward. Money has become the stumbling block of living itself.

Meanwhile Third World debt is exacting a ransom of life and limb from millions of poor and struggling peoples elsewhere. One needs to put flesh and blood on Third World debt figures to see the human cost of economic entropy. In many cases the interest payments that Third World nations are making to the IMF and World Bank are depleting the life-support equity of millions of young children, thousands of them dying of starvation daily…

What exactly are the boundary conditions of economic disorder around the world? What fundamental system needs to be changed before the world can enter an age of sustained prosperity? Book of Life brings an indictment, not against the American system of Free Enterprise, or even Capitalism, but against an antiquated system of money creation that has nothing to do with Free Enterprise or Capitalism, much less Liberty, motherhood and apple pie.

The world’s system of money creation, specifically central banking, is still that of the old 17^th century scaffolding work! It is a 300-year old Malthusian monstrosity based on the unnecessary creation and increase of public debt. This crumbling scaffolding cannot be reformed. It is a debt-creating, debt-compounding juggernaut with a built-in “catch-22” that precludes the possibility of reform. Bandaids and structural adjustment shell games won’t fix things. Here also we are up against classical boundary conditions…

Book of Life exposes the real cause of global economic disorder and provides specific blueprints and constitutional amendments to create and safeguard an edifice of Millennial Economics—a Debt-Free System of Money Creation that is inflation-free, self-limiting and self-stabilizing.

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