Credit and Money

It is trade t that add value to production and service offerings. The volume of this trade is a measure of human activity. But the result of these activities may be zero, positive, or negative. These activities may have created nothing or contributed to the improvement of human life; they may even have contributed to the destruction of life, freedoms, and accumulated wealth.

Barter considerably limited exchanges which could only develop with the creation of a practical means of payment. An ephemeral means of payment in the form of a credit seems to me to be appropriate. Ephemeral because regularly, every year for example, the accounts should be cleared. People with positive balances should then be paid with real currency that they can eventually save in complete confidence. Others with a negative balance should give some. The credit instruments, the "promissory notes," used to facilitate these exchanges should then be destroyed. The conclusion of these exchanges should never be postponed indefinitely and under no circumstances should they be transferred to future generations to prevent the volume of credit from growing indefinitely.

The volume of credit expressed in value of real money can be a multiple of the total value of existing money because it must meet to the needs of the activity that reigns there. Its insufficiency can lead to a recession or even a depression and its excess can cause inflation. Inflation raises the temperature and the system becomes feverish, generating bulimia and pollution. Clear the accounts regularly, has the effect of a purge. The sick elements are forced to consume their capital to pay for their abuses. When they no longer have it, they find themselves excluded from exchanges, their temperature drops and they must again contribute to the system in order to consume. The frequency of these purges avoids In general, the fever becomes chronic and the disease becomes fatal.

Real money must be a tool to account for the balance of these activities, to be able to save sustainably and to facilitate the transfer of durable goods. One of the roles of the State is to ensure quality and not to create it. It is also that of promoting circulation, avoiding hoarding and by allowing the use of savings at a reasonable rate with little risk. When the state degrades currency or claims to create it, it steals from citizens and often for criminal purposes.

The volume of credit in a country should not be linked to the volume of money but to the value of the country's GDP, which should not include the cost of the state, which produces nothing. The cost of credit should be the cost of managing this credit, plus enough to encourage savers to lend their money. The list of those who are in default and who should therefore no longer benefit from credit should be made public.

A free man saves to ensure his future and that of his children. An investment can justify recourse to borrowing but resort to it out of laziness, carelessness or cowardice, is the attitude of a man ready to sell himself as a slave or even worse to sell his children.

Today, we no longer have currency, but a fiat currency created by the state, the volume of which in circulation represents only the state's debt. As the state always lives beyond its means, that is, beyond what it has extorted from the unfortunate tax payers, the debt grows eternally and is the primary cause of pollution. It is the triumph of quantity over quality that drives unbridled consumption and generates an obese, dependent, venal, and irresponsible population. This dependence is particularly visible with the growth in health care spending, the effect of which is similar to that of opium on the Chinese population that the English, armed with weapons, sold it to China. Moreover, This permanent increase in debt requires maintaining a lower borrowing rate than inflation, thus destroying the value of this fiat currency, making it futile to save to invest in the future or to survive through lean times and old age.

Appropriation of wealth

The appropriation of wealth is a function independent of work, which for a long time was carried out by slaves, then by workers paid little by little.. 

The primary means of appropriating wealth has always been violence and plunder. Closely related to these barbarians is the church, whose role is to make the people accept the violence of power. Then come the cunning ones who provide the powerful with everything they need to satisfy even their most unspeakable desires, and who, through their intrigues, incite them to conflicts from which they know they will greatly profit. Now extremely wealthy, these gentlemen have overthrown the powerful and pull the strings of the puppets they have had elected in our democracies. There are also entrepreneurs who have been able to create, manufacture, and sell useful products. Finally, there are the courtiers who know how to please the rich.

Excessive concentration of wealth is as inefficient a system for creating wealth as a system where wealth is evenly distributed. These are both demotivating systems because in the first, the ruler wants to control everything to prevent anyone from challenging their power, and in the second, the state steals the fruits of your labor, only to redistribute some of it to the community. The creation of wealth requires peace, freedom, and the opportunity to benefit from the fruits of one's labor.

Humanity is divided into classes:

1. The destitute : a mixture of the destitute, the slaves, the poor and the excluded, there are around eight billion of them, who share a fortune of one hundred thousand billion $, so on average $12,500 per head.
2. The bourgeois : There are approximately eighty million of them, who share a fortune of $25,000,000; the petty bourgeois, 90% of this population with on average $173,600 per head and the bourgeois 10% with an average of $1.56 million per head.
3. The big bourgeois : There are around eight hundred thousand of them, who share a fortune of twenty-five thousand billion $, so on average $31.25 million per head.
4. The princes: There are around eight thousand of them, who share a fortune of twenty-five thousand billion $, so on average $3.125 billion per head.
5. The sovereigns : There are around eighty of them, who share a fortune of twenty-five thousand billion $, so on average $312.5 billion per head.

Thus, the egalitarian notion is as false as that of a just and good God. The gap between the bourgeois and the poor is weaker than that between the big bourgeois and the bourgeois. The great: bourgeois, princes and sovereigns commonly use the indigent against the bourgeois, who generally have enough education to perceive the lies, perversion and madness of men and in particular, those of the dominant classes the effects of which can be devastating for humanity. These dominant classes naturally behave like slavers.