Who are the world's lite? They are an amorphous number of individuals from around the world. They are the people who have influence and the power to affect the operations of leading institutions. They are the people who are invited to Bilderberg meetings, to World Economic Forum meetings in Davos, Switzerland. They are the people of the Trilateral Commission, the members of the CFR. They compose the Brotherhood of Central Bankers around the world. They head the great world-spanning corporations. Typically, the lite are the world's top bankers and politicians. What they have in common is the desire to perpetuate their wealth, influence and power, which means that they quite naturally agree (without even having to acknowledge their agreement) to bar any discussion of questions of the greatest transcendence, because the greater the transcendence, the greater the number of the lite who would be adversely affected by any change. It would be quite improper, for instance, to bring up the subject of a return to the Gold Standard at any meeting of the lite. This explains why no journalist under the influence of the lite, publishing his articles in The Wall Street Journal or in the Financial Times, may include in his analysis of the present financial breakdown of the world any mention of the central cause of that breakdown: fiat money.
The only money that is considered in the Media, accredited institutions of learning and all other institutions of any weight across the world is fiat money imaginary money. Fiat money is to be considered as the only possible money and the best of all possible moneys: gold and silver are trashed as antiquated and failed currencies. In some circles, the idea that money should be gold or silver, or both, is regarded as ridiculous if not scandalous.
The other side of the control over access to Knowledge exercised by the lite through the centuries is the deliberate spreading of falsehoods, fictions, fairy-tales or memes which serve to consolidate the rule of the lite. Examples too numerous to mention abound: 9-11 is but one example.
Humanity could forget everything that has been learned about the Universe and be none the worse for it, but forgetting about what money is and must be is of vital importance to humans, because true money is the life-blood of any human society living under the division of labor.
Since 1971, all money all over the world is nothing but numeric money; money which consists of numbers and which has no substance. The contrast with our culture is striking: we are supposed to be living in an Age of Materialism, and yet the world's money has no material existence it is purely symbolic or imaginary. Paper money, previously a derivative of underlying metal, no longer derives value from any underlying referent. Digital money is an even more vacuous complement of paper money.
The lite has created for itself the power to run the world; how is this power to be retained? How is the lite to run the world in such a way that it remains in power? Take into account that there are now over 7 billion humans vying for all the things that are required to maintain human life, plus iPads, cellphones and other stuff.
First of all, as a member of the lite one must understand that it is impossible to reason with 7 billion humans: in fact, it's almost impossible to reason with anyone who is dissatisfied with his economic situation, let alone 7 billion.
This is why Bismarck, the Iron Chancellor of Germany, invented the Welfare State back around 1890. He had a number of unhappy Germans listening to Socialist agitation, and to distract them he promised them State aid in case of unemployment, medical assistance in case of illness or injury, and a pension upon retirement. In effect, he stole the thunder from the Socialist agitators who were stirring up resentment. Bismarck invented "Socialism lite".
The lite around the world since Bismarck's time have agreed to implement Democracy and have implemented and expanded his Welfare State. A lovely dream for the masses! They get to vote and the majority rules hard to complain about that. Elections pose no problem for the lite: when have votes ever changed anything of transcendence? And then, the masses have the Welfare State to be their nanny and take care of all their problems.
Perhaps some government, applying Prussian discipline, might in theory be able to pay for "Socialism lite" out of tax receipts without running deficits, but in practice not a single government in the world has in fact been able to do so; Welfare Benefits have overthrown all fiscal balance in the nations of the world. There has been only one way to fund the Welfare State, and that way has required another lie: fiat money. This is the inexhaustible well from which funds are pulled up to pay for the Welfare State. Real money would never do; its supply would soon be exhausted; the drain of silver and gold would crush productive activity, supposing such volume of taxation could be collected at all in real money.
One must understand that it is no small thing to retain control over billions of humans. It takes lies, but from the point of view of the lite, the lies are useful and indeed, indispensable.
Will the fiat money well never run dry? Not really; for if the numbers required to fund the Welfare State become too large and unwieldy, the thing to do is lop off some zeros from the money in use and from prices, and the game goes on. Argentina has shown the way: since the 1930's, the governments of Argentina have lopped off 22 zeros from the Argentine peso, and still, life goes on in Argentina.
