Monetary sovereignty, the mother of all sovereignties. (… Or what we should expect from #Salvados program.)

The Society of the Spectacle has these things to give us a show about two people who have faced the banking system and the status quo staging it as another episode in the war between different television audiences. Therefore, experts in public must have argued that what interests the masses are the stories of “bank robbers” proud of their mess, beyond the real causes of their actions. And especially they must have concluded that it would be juicy the fact that one of them, myself, be a “fugitive” of the Spanish justice.
It is not the first nor will be the last. And less than a month ago, in checked and edited article to Vice.com we saw Nathan Schneider received from the Head, a title added last time the two ingredients that supposedly need to help the mass interest in reading good; They added “On the lam with the bank robber Enric Duran” as the title of an article that was focused on building cooperative alternatives to the dominant system which first original name  was “Be the bank that you want to see in the world”.
All this would be an anecdotal fact, in the context of the usual logic of mass media, if the main reason for that action in 2008 had not been reporting a fact that still remains critical for understanding the main economic problems the world faces today.
97% of money is created by private banks through loans and that I did not return. This money disappears in the moment when the credits are returned; This makes the system permanently require issuing more and more credits, to provide sufficient circulating currency.
The European Central Bank, like other central banks, manages how it has to be the creation of money based on a hidden political agenda, that wants to go reaching structural reforms that put an end to the welfare state and may impose the same neoliberal agenda that we can see actually with TTIP and all the secrecy that accompanies it.
Now we know clearly what steps are because we are living:
– First expansionary phase of the credit is given. This is lived from 2002 to 2008 and made possible my action. Richard Werner denounced in the documentary “The princess of Yen”, which had orders to expand this credit beyond that could be returned in the countries of southern Europe. (See: https://www.youtube.com/watch?v=p5ac7ap_may&feature=youtu.be&t=1h22m27s )
– Second phase of credit contraction accompanied by austerity policies to weaken the social policies of States and increase their dependence on the creditors. This is the phase that is taking place since 2008 until now.
– Finally, taking advantage of the weakness of states caused in the previous two phases, the third phase is the implementation of plans like TTIP allowing management undersell, privatizing essential services to become new sources of profit and new monopolies by large corporations. Even before we could see how are TTIP privatization policies were becoming a reality in many cases.
So, seven years after that action, the issue of control over money creation by an undemocratic minority not only remains a fact in force, it is also the main explanation that those forces called leftist and new policy , ignore or do not dare to tackle; and thus they renounce in fact to the power to advance a social agenda to free ourselves from the austerity policies.
What we are now seeing in Greece: Anyone can not be successful defending the sovereignty of a country if the struggle is not accompanied by monetary sovereignty tools. A healthy economic system needs to have money creation tools to support the productive economy and that money creation is not accompanied by impossible to pay interests or political conditions attached to neoliberal interests. Greece or any other people who want to release the yoke of austerity needs to create free monetary systems at the service of the common good and urgently needed. … And then is coming what we call Spain.
Without detracting from the courageous attitude to carry out the program, if the program Salvados does not give meaningful weight to the dialogue on this issue between what appears in an interview that lasted three hours, will have been complicit of this silence and unknowns.
And even if leave some answers, the media hardly allow this debate to the depth it deserves.
Still something we can do from the networks; therefore, coinciding with the broadcast, we’ll try to do the trending topic #DinerodelaNada to explain this hidden aspect of the current economic reality, and we will continue working with the aim related the strategic importance of this action is understood in the context of campaigns #OccupyBanking # ReturnWithFreedom.

This post is also available in: Catalan, Spanish

Comments

  1. The link to Princes of the Yen documentary given above is broken because Youtube links are case sensitive. This is the good one:
    https://www.youtube.com/watch?v=p5Ac7ap_MAY&feature=youtu.be&t=1h22m27s

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