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NEWSFLASH: Tyrants remain remorseless

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Itā€™s the same rhyme and rhythm we find throughout history: Tyrants always and everywhere feel no guilt for, engage in no reflection on, their very bad behavior. Lockdown governor Gretchen Whitmer doesnā€™t care about what she did to the people of her state. Just look at her demeanor, always on the verge of eye-rolling any concerns or questions regarding her behavior during the Great Panic of 2020. Is her behavior drug-induced? Is this a Xanax-fueled inability to feel guilt or remorse, or is it something moreĀ human?Ā Meaning, is this an inescapable aspect of the human animal in power? We must confront what we are, and thereā€™s no better starting point than our behavior amid crisis.

It should worry us that banking services are ā€œfreeā€

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Here we are again, at the beginning of another banking crisis, and again we dimly wonder why it happens. Or we accept banking crises as an inevitability, like the weather, because we accept banksĀ as an inevitability. But should we?Ā From an early age weā€™re taught to get our money in a banking account as quickly as possible, set up direct deposit, download our bankā€™s app, et cetera. We partner with this institution for our entire lives, a business which knows and tracks every purchase we make. They know everything about us, so why do we use them at all? Naturally, because a checking account is free, or at least it seems so to us, and also, our entire modern world revolves around them. Banks make it very convenient to navigate a world which revolves around banking, and very inconvenient to forgo their ā€œservicesā€. It seems weā€™ve allowed ourselves to be painted into a corner with this institution. In the battle against banking, weā€™ve lost our Queen, our King, our Rooks, and now weā€™re stuck in a corner with only a solitary pawn, and so we feel that the game is over, and so we accept our fate. Weā€™ve built civilization around banking, but no one stops to ponder whether itā€™s a good thing or not. Very few people stop to think whether we need banks or not. Do we? What do they really do for us? Investment, but that could be handled by other financial institutions. The ā€œfreeā€ service is what should raise eyebrows. In what situation would any business offer anything free to its customers? In almost all instances, because YOU are the product. Or, your money is. You deposit $10, giving the bank the power to lend out $90, just like magic. This is new money, magic money, money that simultaneously doesnā€™t exist and yet does. But this incorporeal sum fundsĀ realĀ economic activity, leading to aĀ realĀ rate of return for the investment. You think your money is safe in your account. You log in to your account. You see that itā€™s there. Surely it is? Itā€™s not. Itā€™s being used in what amounts to financial witchcraft. Some money is in the bank, some of the time, and enough is there at all times to make depositors believe that itā€™s there. But instead, an inverted pyramid of debt is being built upon it, money that the bank doesnā€™t have is being lent out to fund real business decisions. This is a deeply unnatural state of affairs, one that guarantees never-ending bank crises, until the mother of all panics spreads through all banks, all at once, and the depositorsĀ en masseĀ lose faith in their bank, and withdraw their money. The real money is what is taken out, causing the vaporous bank-created debt-money to disappear into thin air. This would cause the mother of fall economic crashes, the end of modern civilization. Which is built upon the inexistent debt-money pyramid scheme that banks have been practicing for over a century now. Those ā€œfreeā€ checking deposits we all love so much come with the highest of prices. Ironic that weā€™d gamble the world for something so small. But hey, ā€œfreeā€! Is there anything that modern America wouldnā€™t sacrifice at its altar?

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