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columnist: Walt Thiessen

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Topic: Monetary Policy

Insist On Having A Level, Steady Money Supply


This is the very mundane piece of information that is missing from the spiritualist movement in the world today.
by Walt Thiessen
(libertarian)
Saturday, October 1, 2011

The Secret
The Law of Attraction
The Celestine Prophecy
The prophesies of Edgar Cayce
Esther and Jerry Hicks
Deepak Chopra
The end of the Mayan Calendar

On and on, the list of spiritualist expressions and positions that have gained popularity all point to the same thing. They talk about a world-wide spiritual awakening, a building of personal power using spiritual energy, etc. Common themes include transformation of the personal, spiritual, and material aspects of human life. Many people are attempting to follow their paths, learning to view the world differently, and learning to use the cosmic energy in their own lives. And more and more, they also emphasize how to attract the good into your own life, including the material side.

Themes explored by people in this overall genre include the idea that there is tremendous corruption in the world. The corruption is political, economic, and social. James Redfield in particular talks about this growing sense and awareness of corruption, and how the whole, world-wide society is transitioning to a new kind of economy based on charging 10% less for business services and thereby transforming the economic world from dog-eat-dog to a more centered, personal, helpful, service-oriented economy. This is where I think a key concept is missing, so I want to focus for a moment specifically on the economic side.

I want to focus on the money supply and a very key concept that is overlooked (as far as I can see) by every one of the spiritual experts. That concept is a level, steady money supply and the need to place firm limits on it. By "limits", I don't just mean spiritual limits, or limiting your own personal addiction to a need for money.  I also mean insisting on very real, society-wide limits on the money supply's physical quantity. This seems to many to be contrary and even contradictory to virtually all spiritual teachings, but it's not. It's actually the key to society as a whole taking that next, large, spiritual step.

The teachers of The Secret talk about the abundance of money in the world and about the three step method for attracting that money into your own life. They emphasize that there is more than enough money in the world, and that your share is there for you to attract into your own life because the abundance of it is endless. This is true, but it is also too true, because abundance is not about quantity. Rather, it's about quality.

Just as so much corruption appears in other aspects of the world, the corruption also exists in the world of money. The corruption is not that "money is the root of all evil" or even that "the love of money is the root of all evil". It isn't that money must be avoided or treated as merely "mundane". Rather, the corruption is that there is too much money around, in that it keeps increasing in quantity.

This seems contradictory to most people. How can there be an abundance of money if there is not more of it so that more people in a growing world population can have it in large quantities? The people who ask this question are trapped in the idea that abundance has something to do with quantity. The late Austrian economist, Murray Rothbard, made clear that it doesn't matter whether the supply of money is large or small. What matters is that it must remain constant in size in order for everyone to thrive.

Monetary abundance in the spiritual sense doesn't come from having large amounts of money. Rather, it comes from having access to money sufficient to meet your physical needs and wants. If you think about it, depending on the value of the dollar (or any other monetary unit), it really doesn't matter whether it takes $100 or $1,000 or $1,000,000 to buy something. The number doesn't matter. What matters is the availability and ability to buy that thing within one's own means.

A level, steady money supply is essential to everyone having this ability to acquire what they really need, for a number of reasons. Here is a short list of some of the most important things that a level, steady money supply accomplishes, just by virtue of the fact of being limited:

  • It makes it possible for prices to be a reliable measure of value and honest trade. When prices routinely rise due to money supply increases, this reliability disappears.
  • It creates a reliable "yardstick" that we can easily use to not only budget our needs and wants but also to actually insure that we keep what we earn.
  • It makes it possible for us to actually achieve our financial goals because the "end goal" is not moved perpetually further and further outside our reach.
  • It makes it extremely difficult for the power hungry and the corrupt to increase their power and increase their corruption at the expense of everyone else, because they can no longer leverage money supply expansion.
  • It perpetually reduces the gap between rich and poor by providing the leveling influence that so many, particularly on the left, want to see occur in a world where such great disparities of wealth exist.
  • It eliminates the rat race.
  • Within the course of a single generation, it would produce such dramatic results that it would astonish nearly everyone.

So many people in the spiritual movement ask for the opposite of a level, steady money supply. They want the supply of money to forever increase. From that point onward, they are amazed and appalled by how much corruption there is in life. They don't realize that their desire for an ever-increasing money supply is the root of that corruption. It's not money, or even the love of money, that is the root of all evil. Rather, it is directly manipulated changes in the money supply that is the root of all evil.

The few who manipulate the money supply to their own advantage and that of their buddies do so at the expense of everyone else. This drives people into fear, and as the spiritual experts know, when you're in fear, you can't tap into cosmic energy. When the money supply expands, it does so at the expense of everyone except the wealthy. It is the direct cause of long-term monetary devaluation, which undermines savings and fixed incomes. It drives prices forever higher, rather than lower as should happen if our markets were free, thus making all of us chase after that elusive carrot that never seems to get closer no matter how fast we run.

Over the past three years since the financial crisis hit in 2008, the Federal Reserve in combination with the U.S. Treasury have increased the monetary base by three and a half times. That means that the money supply is now three and a half times bigger than it was three years ago. That's a set-up for the dollar losing 70% of its value in coming years, in addition to the value it has already lost due to prior interventions over the years. In other words, it's the secret, hidden way that the Fed is making all of us pay for the banks' failures. Despite the fact that they claim to be paying all the money back. That should tell you something. It should tell you that monetary expansion isn't only about saving the banks. It's about manipulating the economy for the benefit of the wealthiest people, who have no problems getting out of the dollar by buying up commodities and other things of value.

The net result of a level, stable money supply, on the other hand, is prosperity. It causes a more reasonable distribution of wealth. It reduces and eventually eliminates the need to chase the dollar, enabling people to focus more on spiritual goals and less on mundane, physical goals. In short, a level, steady money supply is the friend of the modern spiritual movement and the vanquisher of corruption.

So if you're a "new ager" and into the ideas of the spiritual awakening, you might want to reconsider your ideas about money. Join the growing chorus demanding a level, steady money supply.

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©2011 Walt Thiessen, all rights reserved. You must have written permission from the author in order to republish this work.
Published: Saturday, October 1, 2011
Last modified: Saturday, October 1, 2011

The views expressed in this article are those of Walt Thiessen only and do not represent the views of Nolan Chart, LLC or its affiliates. Walt Thiessen is solely responsible for the contents of this article and is not an employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.

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Posted By: Bentree
Date: October 1, 2011   03:20:53 PM

Walt,
It seems to me that capitalism depends and thrives on stability, individual rights, money supply, rules and sensible regulations, social structure, education, government and the law. It was these things that the founding fathers attempted to give us. These things create confidence in our surroundings realitively speaking, because things do change and with these things, hopefully for the better.
Socialism thrives on chaos, chaos manufactured to drive the timid toward totalitarianism. People are being driven to think that socialism/communism is in their own best interest. Of course there is the pure greed element. I made the statement to a friend that I have no pity for anyone that voted for Obama, they are just hoping that someone will make socialism work, so they can get their fair share. His response was "yeah! and I want mine" It is this pervasiveness of individual greed that feeds current events.

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Posted By: Walt
Date: October 3, 2011   03:17:10 AM

Walt,
It seems to me that capitalism depends and thrives on stability, individual rights, money supply, rules and sensible regulations, social structure, education, government and the law. It was these things that the founding fathers attempted to give us. These things create confidence in our surroundings realitively speaking, because things do change and with these things, hopefully for the better.
Socialism thrives on chaos, chaos manufactured to drive the timid toward totalitarianism. People are being driven to think that socialism/communism is in their own best interest. Of course there is the pure greed element. I made the statement to a friend that I have no pity for anyone that voted for Obama, they are just hoping that someone will make socialism work, so they can get their fair share. His response was "yeah! and I want mine" It is this pervasiveness of individual greed that feeds current events.

I think you missed the point of my article.

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Posted By: Bentree
Date: October 3, 2011   06:15:17 AM

Walt said,
"Monetary abundance in the spiritual sense doesn't come from having large amounts of money. Rather, it comes from having access to money sufficient to meet your physical needs and wants. If you think about it, depending on the value of the dollar (or any other monetary unit), it really doesn't matter whether it takes $100 or $1,000 or $1,000,000 to buy something. The number doesn't matter. What matters is the availability and ability to buy that thing within one's own means".

Quality vs quantity:Stability as opposed to inflationary or deflationary, full faith and credit: confidence in, empowerment of the individual, comfort level. Faith, the ties that bind us as a society, all under attack. Market and financial chaos, destruction of net worth, forced dependence on governmental services, forced acquiescence to government regulations that empower the tyrants and create dependence, extention of unemployment, as an example: first create the need then fulfill it.
Actually Walt I think you have put your finger on the most powerful tool now being used to subvert our society, financial security, they are going after our bags of stuff and when you lose faith that the government will let you keep your stuff alone, chaos ensues.

Walt, I am a builder by inclination and profession, as a builder I understand the need for a good foundation. I understand also that to destroy a building in a clandestine manner you have to destroy the underpinings of that foundation. If that destruction commences at the top it becomes apparent to all. Bottom up then top down. They are telling us all exactly what they are doing all the while keeping most us concentrating on conserving our stuff.

Well, that was the resonance created.

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