The Revenge Of Jesus

The "haunted, frightened tree of complete ignorance" in whose hollow lives sonia gandhi is entirely funded by metaphysical money. And this funny money monopoly is taught to the flower of our youth as "macroeconomics." But paper is NOT money, as the "promise to pay" printed on it and signed by the Governor of the Reserve Bank of India indicates. The paper is just a "money substitute." The Governor is thus engaged in "violation of contract." This funny money is depreciating in value with each passing day - thereby eroding the Capital of the poor. If they save, the worth of their savings is eroded by inflationism, which is "deliberate policy." The funny money monopolists are destroying the Capital of the poor. And civilisation can only advance if capital is accumulated.

Capital is cities and towns - and their roads and streets. Capital is houses - and shops. The people of India do not have these. Instead, the haunted, frightened tree of complete ignorance is hell bent of "welfarism" - which is entirely "capital consumption." It is "criminally insane" to engage in welfarism funded by inlfationism.

The immediate solution is the "de-nationalisation of money."

Money must be something hard, something tangible, like the cowries being sold in Puri, with different values for cowries of different sizes. People must be free to exchange their goods and services for monies of their choice. Gold, silver, cowries... whatever.

The question then arises about the legal rules by which commercial banking will be carried out. These should be the preserve of "private law" - that is, the Law of Contract. Depositors can then make two kinds of contracts with their bankers - either a "term deposit" or a "demand deposit." The banker must keep a 100 percent reserve against all demand deposits. He can only loan out his term deposits - and credit creation as a method of inflation will be ended. Thus, all paper notes will be redeemable on demand; further, all depositors will be secure - in private law, without any central bank.

Sound money and free banking do not need "international agreements" - no IMF-World Bank-G20 bullshit. In the good old days, the Municipal Bank of Amsterdam kept a 100-percent reserve; and the burghers of the City personally audited the gold stock every year. Prudent private bankers are the overseers of the market economy - and they are kept honest and prudent by their wise customers, who know what money is. It is NOT paper. And it is certainly not government paper.

The poor people of India would prosper with sound money. Their Capital would be preserved - and capital is the life-blood of Capitalism. Individuals possess Capital - with which they speculate depending on their own fancies. The "national economy" which supposedly grows at some "growth rate" that chacha manmohan and montek are carefully measuring is metaphysical nonsense. Fiction. In truth, these criminally insane money monopolists are destroying civilisation itself. In a country with so much extreme poverty, their insanity is even more criminal.

Also, these money monopolists know nothing about what "economic stimulus" means. They think printing more paper notes  and issuing them stimulates economic activity. Nonsense. Demand is generated and wealth is produced when goods and services are produced and exchanged - not money. When the paan-wallah sells his paan, he is possessed of resources to demand all other goods in the market, except paan, which he will not buy. In a nutshell, Jean Baptiste Say's "Law of Markets" says the sale of X gives rise to the demand for all non-X, or all "non-competing goods." But our poor people do not even possess the freedom to produce and sell goods and services peacefully amongst each other, from alcohol and ganja to music and dance. All "demand" is being destroyed by State Restrictions. This, while what they call "stimulus" is entirely inflationary, and a means of capital consumption. Criminally insane. Money must be de-nationalised immediately.


(You can read my brief column explaining Say's Law of Markets here.)

Of course, it might happen that our The State refuses to give up its money and banking monopoly. In which case a war must be waged against them - a "civil war." A war between good and evil. Between Capitalism, which is Good, because we produce goods, and Socialism, which is Evil and Anti-Social, and produces Bads. Like Bad Money.

True capitalism is all about sound money, a "medium of exchange" that people accept voluntarily. This money monopoly of The State is another instance of the "misuse of force." It must be ended forthwith.

The statue outside the gates of the Reserve Bank of India headquarters in Nude Elly is that of Yama, the God of Death. Interesting, what?

These detestable banksters ought to be nailed on crosses of gold - which is why I titled this post "the revenge of Jesus." But I was not referring to the metaphysical Christian God; rather, I was referring to the very physical Professor Jesus Huerta de Soto, whose books on money and banking have enlightened me considerably, showing me the way. His approach is theoretical, historical and legal - and, in the historical context, he tells of a King of Spain who executed a banker who failed to redeem his paper notes on demand; the fucker had his head cut off right outside his bank.

I say: Crucify them on crosses of Gold.

Private money.