British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain, according to The Telegraph, 25th Nov 2011
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
It seems that the economists and politicians are completely unaware of an exit from this road that is leading us to riots, social disorder, poverty, scarcity and the destruction of the value that society has created over the last few hundred years.
They act as if they were completely unaware of the existence of the second road – a road to greater living standards, a more stable economy, and generally a better life for all.
They have been conditioned to believe that the road to general poverty is the only one that is open to them. In many ways, it is beyond their mental powers to imagine that the second road could even exist.
To understand how we take the alternative route, you’ll need to go through a few shifts in mindset. You’ve probably been conditioned into a certain way of thinking about the economy, and you’ll need to see it differently (and more accurately).
The current mindset of scarcity in society is one produced by decades of poor economic thinking. The only real constraints on what we can achieve are labour and natural resources. We have more than enough labour in the vast majority of countries, hence mass unemployment and severe poverty affecting the majority of the world’s population.
Our current method of supplying money to the economy requires that people go into debt to provide the means of exchange. If no-one goes into debt, we have no money, and cannot trade. Government has been duped into handing over the printing press to a small number of privately owned companies, and borrowing the money at an infinitely greater cost.
Not only this, but they have also allowed the banking system to create this money almost exclusively, foresaking £200 billion per year in potential government spending, pushing up taxes and reducing the disposable income of the population.
If this £200bn per year had been created by a public body instead of the banking system, we could have cleared the national debt and paid for incredible improvements in education, health care and all government services.
The possibilities that arise from returning the right to create money back to a public entity are incredibly exciting when we look at countries such as the US and UK, but become revolutionary when we look at poorer countries.
The Solution to Our Current Problems In Short
The solution to our current problem – and the route to greater wealth and prosperity for the entire economy and society – is to:
1. prevent the creation of money by privately owned companies (ie. commercial banks, through the fractional reserve banking system)
2. make the public body (transparent, independent and accountable) the sole organisation that can create new money
3. spend this money into the economy – debt-free