Written By Abdun Nur
When rules are imposed centrally, everyone outsources judgment to the central authority, losing the skill, experience and safety-in-diversity that arises from individuals exercising instinctive judgment, learning from small individual mistakes rather than big collective ones.
If ‘fence theory’ sounds theoretical and contrived, the effects are anything but. It may even explain the 2008 financial crash, the absurdly high prices of domestic housing and the grotesque bubble in higher education. When rules on what you can borrow or risk are set centrally, the default behaviour is to sail as close to the wind as regulation allows.
So every bank took on equal amounts of risk, meaning they all collapsed simultaneously. Every housebuyer borrowed as much as they were allowed, meaning house prices soared; and now that the maximum tuition fee loan is £9,250 a year, every degree course takes three years and costs £27,750. If fence theory isn’t true, that’s an astonishing coincidence, isn’t it?
The imposed economic system views each soul it dominates as a peon, someone working in an unfree labor system (known as peonage), through debt bondage and/or indentured (agreement to work for a middleman, taking your labours and selling them forward) servitude.
A more common term for peonage is “Economic Slavery”. Every employer acts as a middle man, taking the labours of the employee and brokering them forward, for this service the middleman takes as large a proportion of the value of those labours as possible.
This is imposed by “restricting access to resources” to the point the slaves are forced to seek/beg employment, to gain a fraction of the fruits of their labours, earning just enough to exist at or exist just above poverty, forcing perpetual drudgery.
This is further facilitated by the govern mental systems of the owners that control the slaves, extorting the vast majority of the fruits of the labours of the slaves, under the fantasy of protecting them, this has five basic false tenets, of welfare protection, military protection, infrastructure, education and medical protection.
The reality of these control systems is the State Corporation has no duty of care for the slaves, proven again and again in their courts. Link: Inherent Power
Militaries exist not for protection, but for control, the feudal model requires the danger of conflict to aid in giving justification for its existence. Link: The Monopoly on Violence
Infrastructure is created through the corporate State at a massive increased cost, many examples of this inflated cost can be considered, these government fraud are everywhere and can be easily exposed for anyone looking, an example: “In the six “Safe Sleeping Villages” set up by the city of San Francisco during the pandemic, the cost of maintaining a single tent-camping spot is $5,000 per month, or $61,000 per year — more than it would cost to put each of these people in a market-rate apartment.” Link
People are not educated they are programmed to conformity, with a belief system that allows the (tri-ba’al) corporation to dominate, truth is not important with this model of education, and to reason is consider heresy. Link: Edification of Child Need Bond
The Rockefeller Medical model monopoly, is a global medical mafia system that encourages disease and mask symptoms. Link: The Nature of the Hospital System
The study of Economics is the study of fraud, and the biggest fraud in economics, is economics itself. Most economists are fools or charlatans. The charlatan wants to get prestigious jobs and Nobel prizes by offering crackpot advice. The fools think it will work.
Keynesian economics now dominates the political puppet show; these Statist mouthpieces of the money monopoly have cultivated and promoted the myth that government was responsible for economic success, especially the idea that more government means more success.
Legislation of imposed regulation upon the population is designed to maintain and increase money monopoly, economics is used to justify this reality, and the expansion of usury is the basis of economic doctrine.
Governments always use the same justification, of “protecting the economy”, in clear schemes of wholesale theft, they squander trillions worth of resources globally, when logic alone would dictate the whole point of production is to allow the population to create and retain wealth, not to drain the wealth to the super wealthy.
“Government is like the rooster who believed his crowing caused the sun to rise. More accurately, the propaganda-conditioned voters see government as this rooster.” Monty Pelerin
Economics is a word originating from Greek meaning ‘house management’, so ‘rules of the house’ and is the pseudoscience of wealth within a corporate system. Just as players are bound by the rules of the house of a casino, the State ‘legislates’ the rules of the corporate house which allows corporation to extort the population.
Ponzi Economics of Endless Cancerous Growth
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
The global banking Ponzi system similarly requires existing debt to be paid by an increased future debt. As every fiat note created is interest bearing, in order to pay the fees and interest, you must on average double the amount of debt in the system every decade, if you did not, all the debt would return to the bank to pay the principle loan, and the Ponzi scheme would be exposed.
For this reason economics is founded on the idea that ‘things’ should provide an increase, if you hold land then you should gain an increase, if you hold capital you should gain an increase, if you hold infrastructure you should gain an increase etc. Economics is a culture of fraud as its foundation is usury; no inanimate thing increases anything except through an investment of physical labour, economists intentionally ignores labour and champion capital.
“There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.” Ludwig Von Mises
Economics is a doctrine that advocates ‘things’ are valued above, natural beauty, ecosystems, even life itself, that the ‘accumulation of things’ or more accurately the accumulation of bank issued credit, is valued over an equitable distribution of resources, and that ownership stands as a monopoly above any need, these are its foundations.
The reason economics is a pseudoscience, is because only logical fallacies are used as weak justifications to its theories of finance; theories that do not stand up to the application of logic, or reason. These nonsensical ‘economic theories’ do not determine the true nature of production, distribution, and consumption of goods and services, or the material welfare of mankind, as is claimed, but instead promote usury based laden models.
The Five Forms of Usury
Usury is not trade. Trade is a reciprocal exchange of the fruits of your labour.
Usury is a one-sided extraction of the fruits of the labours of another.
Profit is a form of usury – the interest demanded on the use of capital.
Rental is a form of usury – the interest demanded on the use of infrastructure.
Taxation is a form of usury – the interest demanded on the use of labour.
Debt is a form of usury – the interest demanded on the use of money.
Ownership is a form of usury – the interest demanded on the use of the land through “Eminent Domain”.
A Free Market
The pseudoscience of economics defines a free market as prices being determined by unrestricted competition between privately owned businesses.
Reality defines a “free market” as, one free of usury, monopoly and middlemen, which then allows prices to be determine through freely agreed reciprocal exchange.
“Underlying most arguments against the free market is a lack of belief in freedom itself.” Milton Friedman
The natural state of a free market is founded upon the following premise; individuals produce so that they can either consume what they have manufactured or sell their output so that they can buy someone else’s output. This rests upon the assumption that if a surplus of goods or services exists, they would naturally fall in price to the point where they would be consumed.
The term profit is often confused with earnings, but profit is not earned, it is added. Profit is the amount added to the cost of production “after” all costs of production have been satisfied, including the amount “earned” for the labour invested in that production. Profit is the interest demanded for the use of capital.
The foundations of ‘economics’, is profit, this is the engine of their philosophy, yet they also contradict this idea by claiming they also support a ‘free market’ system, these two ideas are mutually exclusive, if you have one it is impossible to have the other.
If there is a truly free market it is a perfectly competitive market; which means that whatever you have to sell in that market, is in free competition with what everyone else is selling; which means prices are driven down to their base value; which means no profit can exist. In fact what exists in a free market is the true cost of production, a labour based system, so you are paid for the value of the labour in the exchange, free of resource monopoly increase, known as profit.
Taxation further inflates the cost, draining wealth from production, taxation is the interest demanded for the use of your labour, taxation is pervasive, it’s taken from production, labour, trade, movement and use.
Gross profit, taxation, and banking charges added to production, are not the only added cost, all corporation is in fact a marketer, they like any con man with a mark need to invest in the con, so marketing can add a substantial added cost to production, depending on the product this can be the most dominant added cost, in the film industry for example marketing can be over half the budget of production.
Economics students learn in microeconomics (small scale) to understand the behaviour of individuals and groups in situations that can be exploited for capital advantage; reading human nature to take advantage of its ignorance, gullibility, and greed; the application of the usury concept being a central pillar of study.
And in macroeconomics (large scale) they learn growth is the single factor of a good economy, so protecting the cancerous growth is the main objective.
“Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.” – Ayn Rand
Naturally, no corporation could exist in a competitive market; corporation can only exist in a Statist system, based on Corporate State granted monopoly, which gives protection to monopoly through invented legislation. The State itself is founded on the fraud of ownership, which obscures the allodium, this originated through the invented simple ‘trust’ of the feudal system. In the UK for example, the crown claims to be the owner (legal possessor) of all land, and that corporation requires a share of the gain from that title, which is there (legal) en‘title’ment. This further drains wealth from those producing it.
Corporations will, in fact, do almost anything to avoid head-to-head competition, this is why corporations use strategies like copyright protection, to maintain their granted monopoly, or product differentiation, for example car manufactures making a unique part fitting so you can only use their product, not a universal fitting which would allow competition, or software platforms where only software built for that platform, like PS4, Windows, Mac etc. will work.
Branding and advertising are vital to corporation, as the business of all corporation is marketing; quality, usefulness, innovation, longevity, good design have absolutely no relevance in such a model, while deception, fraud, manipulations are fundamental in promoting and so selling their production.
Corporations consolidate and consolidate, until they hold a powerful monopoly position, for example in America over 90% of all media is controlled by just six corporations, ‘The Walt Disney Company’ is the largest media conglomerate in the US, followed by ‘News Corporation’, ‘Time Warner’, ‘Viacom’, ‘Compaq’ and ‘CBS’ . This has the effect of controlling what news is presented and what news is ignored, what type of movies are created, TV shows, dramas, radio, what sort of books, magazines and newspapers are published, etc., allowing little to no free competition to expose any propaganda or outright lies these corporations express or promote, this dominance is now being challenged by the evolution of the internet, a threat which the corporations are working towards removing by establishing legislation to reduce or remove free expression, or free access, through their market dominance.
Corporate consolidation can ultimately establish total market dominance; this is very common but not always obvious, as the range of brands is not altered when one corporation is consumed by another, so often behind a hundred brands is a single corporate monopoly. As an example the American eyeglass frame industry is now dominated by the conglomerate ‘Luxottica’, so if another manufacturer of frames tries to break into the market they find themselves shut out of a Luxottica-controlled distribution system. And retailers are afraid to receive distribution from anyone else, lest they be cut off from their main supplier, which is why frames are so expensive.
“Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.” – Ludwig von Mises
Four huge conglomerates now control around 96% of all corporations globally.
How Banking Monopoly is Used to Consolidate Corporate Monopolies
If fiat debt is reduced, then there is less fiat money in circulation which leads to unemployment and foreclosures, so in turn reduced revenue for the State Corporation, which in turn increases it borrowing, which increases taxation, which drains more fiat money from circulation.
This is known as a banking bust, when they restrict the issuing of loans, the economy is stagnated, even a booming business will suffer if the medium of exchange is removed from the process of trade. This allows monopoly consolidation of the banking controlled corporations.
A banking boom, is created when loans are very easy to obtain from the bankers, this is used to generate assets that can be stolen with the future planned bust. This is known as the boom and bust banking model.
How Central Banks Work
State Corporations indebt their subjugated population by ‘borrowing’ trillions of dollars, pounds, and euros etc. worth of resources just to “protect the economy”, this protection is achieved by gifting these resources to the super wealthy, but you may ask borrowed from where?
It is proven that if the government simply generate money by printing it interest free, as Hitler did when he expelled the bankers in 1933 onwards, it has less negative effect on the money supply then the interest bearing bonding system, presently globally imposed by the bankers.
The shared effect is, it dilutes the fiat currency reducing its value proportionately to it volume. This effectively steals the value from savings, by diluting the currency the value is reduced and so savings have around half their value in purchasing power stolen every decade. The added effect of the bonding fraud is it increases taxation in order to pay the interest on the loans, which in turn demands more bonds to cover the short fall generated by the need to pay interest, which in turn increases the taxation which in turn requires more borrowing and so on.
The central bankers sell bonds to generate new fiat, these bonds are interest bearing with an average yield of 4%, the corporate bankers generate money from nothing to buy bonds in exactly the same way they do when loaning money to companies or individuals.
Or the other governments that have a surplus of another governments fiat currency, like the dollar which has a monopoly in exchange of oil globally, buy bonds to get rid of these foreign fiats, if they cannot use them in trade.
The first central bank was the Bank of England, this originally was a private corporation, that was owned in equal thirds by the Vatican, the Royal family and as shares for the lords of England.
The Rothschild’s defrauded the lords of their shares at the end of the Napoleonic war.
When the banking fraud of the central bank was exposed over time, the corporation was transformed, it could no longer openly rob the population, so the bonding fraud was invented in order to continue to steal while giving the illusion of the government somehow controlling the theft.
Once perfected this fraud was exported globally. The FED was planned but blocked by the Czar of Russia, in response the Rothschild family swore they’d remove every member of that bloodline, which they did. The next attempt was organised, and all the politicians standing against the creation of the FED were invited on the maiden voyage of the Titanic, a ship owned by the Rothschild’s, this was rammed into an iceberg and explosives used to blow the side of the ship, with most of the lifeboats removed the problem was drown and the FED corporation was born.
The Ponzi banking model is, like every Ponzi scheme, built to crash, however the bankers do not want to be exposed, and a global banking crash is imminent. So they invent a justification for the global crash that is nothing to do with them, the scamdemic of Covid 19, this is the tool of that global crash.
Presently they are indebting the nations of the world, shutting down production, stagnating populations, while they force vaccination of a chemical cocktail of DNA editing toxins that are designed to generate pathogenic disease within the victim within a few short years, with a global cull masked as a new fictional virus, they can crash the global economy and reset it with a new world order.
People Should Do the Things They Love, and They’d Never Work a Day in Their Lives