The Evolution Of Fiat Money (Part 3): Where Is This All Going? (Spoiler Alert – Nowhere Good!)


17-08-20 08:26:00,

Authored by ‘ICE-9’ via The Burning Platform blog,

Read Part 1 of 3 “Physical Money & The Limits Of War” here…

Read Part 2 of 3 “The Victory Of Fiat Money, Endless Wars, & The Coming Age of Subjugation” here…

Where Is This All Going?

Like any confidence game or Ponzi scheme, endless “growth” using any form of money cannot be sustained indefinitely, and the creditor / political class knows this and are preparing to unleash the inevitable crash that plunges the globe into an economic dark ages from which they shall rule absolutely and where what amenities remain shall be monopolized to themselves.  We see our expectations for the future being managed downwards, promises of opportunity replaced with visions of “safety”, individualism and self-sufficiency publically scorned as “we are all in this together”, and the inchoate beginnings of the ecological peasant religion of “Climate Change”.  Some review of the philosophical history that got us to this point will suffice.

One reason the 19th and early 20th century German state was such an implacable foe to the creditor class and their privately owned central banks was its embrace of the End of History as formulated by Georg Hegel and adopted by the Prussian state and later the German Emperors.  Hegel saw history as a progression of wars with history being the documentation of political struggles between people of different states, and people within states.  Wars and rebellions arose because people existed in states operating without what Hegel termed “objectivity, truth, and ethical life”.  Once the free and noble state emerged and, through its rightful conquest of neighboring states and assimilation of their peoples into this “objectivity, truth, and ethical life”, happiness and human fulfilment would abound, the need for conflict cease, war would no longer be waged, and the documentation of wars and struggles that Hegel defined as history would end, and so the End of History would descend as universal peace and freedom.  Thus Hegel’s version of the End of History placed all societal institutions – including central banks – subsumed to the state, and that precluded a privately owned central bank in a German Empire as this would only serve its owners. 

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