Corrupt Banking & Business Systems

This video series (be sure to watch them all) is an apt explanation of my conceit that most ‘profit’ is false.

In making money from debt, and not value, we disregard what is actually done with the money and account only for the debts incurred by its use (“How can I use this money to coerce others into believing they owe me more than this amount of money?). This leaves no room for what has truly occurred, and externalizes debts created by the use of the money to others.

For example, if a person opens a mine, they “profit” by the extraction and sale of ore, while leaving an incredible amount of pollution on the land. With debt-money, you are indebted for costs of opening the mine and its operations, and credited for the ore that you produce. Typically the money you make selling the ore outweighs the costs of the mining operation.

But! This disregards what has actually occurred, which is a great deal of pollution and environmental disruption. This cannot merely be left alone as-is, or else eventually all the Earth is polluted and worthless. The surrounding inhabitants, or even the national government (and thereby all the citizens) are forced to foot the bill for cleanup, or suffer the existence of the pollution.

When we compare what the owner of the mine has ‘profited’ from the mine against the cost of the cleanup and the environmental damage, we will find a much smaller profit than the ‘profit’ made by the owner. The owner’s profit is the false profit, the ‘profit’ minus the cost of cleanup is the true profit. In externalizing the environmental costs to another party, he has increased his own profit at the detriment of others. In essence, he has taken money from them by leaving them a problem to clean up while absconding with the cash. This is in essence usurious behavior – he has bilked someone, probably the local residents or central government, out of their time and resources to clean up his mess.

Thus we see ‘profit’ in most business cases is not actually profit but usury – the exploitation of someone else’s time for your gain. Honesty and fairness say that a person’s time should only be used for their own gain, not yours or mine.

Often you will see me decry profits as false, and more often than I complain about it, they are in fact false. You cannot make a true profit, an honest gain, by exploiting another person. Only when everyone involved, all the stakeholders, if you will, receive a gain that is equal to their investment, does anyone profit. True prosperity is made when schemes can be designed that leaves everyone in a better position, and not just an individual ingenious enough to engineer an externalization system that is slick and sneaky enough that they get away with huge sums of money and leave others to foot the bill.

If America, and the world, are ever to truly prosper, it will be through fairness and honesty in all business dealing. Business is not inherently evil, but turned to evil purposes by evil men who see an ability in it to do great misdeeds and shelter themselves from the results of their actions. In seeing these false profits, and the size of them, other men, not understanding the nature nor structure of the situation, are coerced into doing the same, however good they may be, without realizing the deep harm and even evil they have done. “Well, he did it, and it worked for him, so I’ll do it to”. So it goes, until everyone is so convinced that this is not only the proper way but the only way, and the entire Earth is left barren.