Pyramid Comment

This journal takes an alternative view on current affairs and other subjects. The approach is likely to be contentious and is arguably speculative. The content of any article is also a reminder of the status of those affairs at that date. All comments have been disabled. Any and all unsolicited or unauthorised links are absolutely disavowed.

Sunday, June 28, 2009


Financial Illusion

The illusion of increasing wealth is crudely disguised by debt. The earlier poorly off appear to be getting richer. Pure illusion. The rich are simply getting richer and the separation between the two actually widens. The purchasing power of any currency is much worse today than just several years ago. Inflation sees to that based on debt. Without debt, money is not 'made'. A debt-based monetary system relies on interest for its growth. Another illusion: growth means success. Growth is reflected in share price and apparent worth. Meaningless other than for suggesting that success is a reality. The illusion is that without growth the wealth of everybody cannot increase, but inflation increases the price of everything. The sliding door effect. Take your eye off the trailing edge and the leading edge increasingly moves across the wealth divide.

Keynesian Monetary Theory - a 'tricky' and very slippery concept

At the end of life, an individual may have amassed (not 'made' or created) a great deal of wealth, but learned nothing except how to manipulate the redistribution game. A financially not so well off individual may have learned a great deal and is so a lot wealthier (and freer) than the individual held down by his material trappings. Incarcerated within the prison of 'wealth'. It's one interpretation of:

" is easier for a camel to go through the

eye of a needle than for

a rich man to enter the kingdom of God"

  • Let in the poor, but exclude the rich. They represent competition - DA

Many financial systems work along the same principle. They are all debt based and the illusion of creating money is just that. The principle involves a very simple idea: parting an individual from his money creates a loser in the same way that a winner is created by acquiring that money. No actual monetary change has to occur, just the change of ownership.

Increased Debt

Those who possess great wealth are not so easily influenced by the greed for more money although this is inevitable. Any 'need' for greater wealth demonstrates an insecurity as the fear of having none perpetuates this 'need'.