Author Archive | Michael Horwath

What Is Money, How Is It Created, And What Are The Consequences?

USCurrency_Federal_ReserveWhen money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like: Where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? We have yet to see an election fought on these grounds and as political philosopher John Gray, commented, “We’re not moving to a world in which crises will never happen or will happen less and less. We are in a world in which they happen several times during a given human lifetime and I think that will continue to be the case”

People are waking up to this fact: the Occupy movement and the European indignados have erupted as a response to the current status quo. The media and ‘myth makers’, however, have found it much to easy to pigeonhole these movements into a “spiritual malaise” that provides no meaning or direction for our modern world. This is the response expected from a dominant neo-conservative economical world. This ever-adaptive financial system has been as such for centuries and those who can control it see no reason to steer a course elsewhere. Indeed the economics of emancipation can impart to us an interesting insight to the cyclical and prevailing nature of this economic paradigm…

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