There's and old adage out there that's been around for years that has it that modern central bank-issued paper money - Federal Reserve notes, Bank of England pounds, euros, yen, etc - are nothing but "monopoly money," the worthless scrip that is used to play the famous board game. Well, in a certain sense, the adage is truer than most people using it are aware: our money is indeed loaned into  circulation (not issued, there's a difference) by what is effectively a "money monopoly". It is a command and centralized economic system in one very important respect: money itself is not responsive to market demands and forces.

Once again, I think there is an important article at the Daily Bell to draw your attention to:

S&P's 'Wall of Debt' Warning is Phony as They Come

Here, for me, are the salient points:

"You see how it all comes back to banking, dear reader? The point is being made that banks are "overstrained" and their lending capacities are diminished.

"But who would really care about this if we had a free-market money system available? If we had a free-market system of money instead of a monopoly/government/mercantilist one, then the market itself would take care of the money necessary.

"That is not what the powers-that-be want you to think. They want you to be frightened and thus use their dominant social themes like this one (the world is running out of money) to make you feel hopeless and powerless.

"These themes are almost always scarcity-based. At the end they propose globalist solutions (run by the power elite) to provide the necessary antidote to market failure."

Already we have seen a growing response to this system in the form of local currencies, most recently with the "nanto" in Nantes, France.  The problem with local currencies is, of course, that they're local, while the trade of the world is increasingly conducted globally. Consider: many of you have bought this author's books either off his website or from amazon, probably paid for it in electronic blips from Paypal or a credit or debit card, denominated in your country's currency.

Now let us recall another dominant social meme that has been promoted by the globalist elite, namely, the obsolescence (in their view) of the modern nation state. From the constellation of these two ideas, it is easy to predict what their next move might potentially be (and indeed they have already implemented some aspects of what I am about to suggest). Suppose a large global company like amazon were to issue its own corporate currency, taking, say, Ithaca Hours as its model. We'll call this currency "amazons". It could then negotiate with other companies to exchange goods and services in amazons, grocery chains, etc. People could opt to be paid electronically in a whole basket of such "currencies" depending on their spending habits and needs. The "value" of such currency itself would be determined by the corporation(s) in question...

Well, you get the point I am sure...before too long, with enough corporations driving the innovation, soon the national currencies, and indeed, much of the mechanisms of the nation state, would be obsolete....corporations would increasingly come to occupy the institutions and functions of government. Consider only the moves toward "privatization" of "security" and military functions, or even the move by some corporations to hire chaplains or (for those of you out there with MBAs), their calls for "whole person management". In short, not only is a transference of government functions to corporations occurring, but a transference of religious ones is as well.

That, of course, is to a certain extent a return to where we began: to the Middle Ages and the rise of the doctrine of the corporate person. Of course, that doctrine as understood by the mediaeval jurists carried with it some implications - corporate guilt among them - that modern corporatists have forgotten. We had best remember that lesson of history as well, for in the modern period, some nations were founded upon, and others gradually came to recognize, the that human beings had certain inalienable rights that were not a grant by kings or governments or any entity other than God, or the universe, or Chaos, whatever one wished to call it. Corporations, let it be noted, have not in the modern period been compelled to recognize, formally and as a component of their corporate charters, these rights. Perhaps, as part of the debate during this age of cultural transition, this too, should be added to the list of things that need thorough, open, and public discussion. What would be the consequences of compelling them to do so? Is such a measure really needed? And so on....

See you on the flip side.

Posted in

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. Patrick on May 18, 2012 at 5:25 am

    They have already done this, they’re bills of exchange. Same thing, they have a name on them from the company backing the bill. These were predominant before central banks became prevalent 🙂

    Companies issue bills against each other and trade them among each other other discounting them based on perceived risk etc. People would even be paid in them and use to buy goods etc. Naturally the discounting based on risk is the issue.

    Frankly I’m looking forward to when mass consciousness comes to realize that money is the People backing it. We don’t need money…we just need to follow our passions and do what we wish in service to both Selves. Money distorts decision making hardly different than Spirits aka liquor. The difference is one is felt in the body while the former is elusively rooted in the Mind.

    • HAL838 on May 18, 2012 at 6:44 am

      Hey Patrick
      Now THAT needed to be said
      and I have been too much of a coward
      starring DOWN at all that overloaded testastorone !

      Three cheers and five stars furya

  2. romanmel on May 17, 2012 at 8:18 pm

    The evolution of “money” in the USA must be examined to see what has happened to make our system so vulnerable. At the establishment of our nation the continental (paper) currency issued by the individual states during the revolution was redeemed and a national mint was established in Philadelphia to issue gold and silver coinage. The US paper currency did not come into being till the Civil War when a shortage of silver forced the government to print fractional currency in place of coins.

    Over the next 70 years paper money was produced as silver or gold certificates, representing precious metal on deposit with the mint and available upon demand. Eventually the government stopped printing gold and silver certificates and began just printing paper money backed by nothing.

    The problem with paper based money is that paper is plentiful. Being plentiful, it can and has been be used for all sorts of nefarious causes. There is nothing sacred about gold and silver but it does offer restraint on governments in creating money from nothing.

  3. marcos anthony toledo on May 17, 2012 at 5:37 pm

    This has been from the beginning a merchantlist society not a capitolist society the two have been delibertly confused to hide the truth.

  4. Robert Barricklow on May 17, 2012 at 9:29 am

    Napoleon said: “When a government is dependent for money upon the banker, they and not the leaders of the government control the situation, since the hand that gives is above the nand that takes”.

  5. Jedi on May 17, 2012 at 7:02 am

    they like the milk and honey but cant stand the fact they are dependent.

    Entropy is a bubble that can be burst.

  6. paul degagne on May 17, 2012 at 6:57 am

    …that amazon reference I found reasonable but one would have to have regulations (checks and balances) or the same old same old would happen.

    MBAs as chaplins in the choir singing the phrases of industriousness! (once upon a time)

    Personnel Departments or even worst — Human RESOURCES. (You know what happens to “human” Resources — the same thing that happens to Redwood Forests in the Northwest if they aren’t CONSERVED. (take a walk about a quarter a mile off the road from all those lovely trees along Highway 101 and see it…?)

    It is my belief the government now functions First as a tax-collection agency for Corporations and Secondly, as some Penal or Disciplinary agent! i bought Foucault’s book “BIOPOLITICS” but didn’t like it. I just scanned it — a waste of money.

    I like where your going with this middle-ages stuff. As a theologian I imagine you have a unique twist or slant you are capable of presenting to us that others in different fields might not know or share.

    The ‘Doctrine of the Corporate Person = very interesting for I am also interested in this recent re-arising of this concept of Sovereignty if that is the same as a Corp-person? (I don’t know — but in a way it creeps me out too much to go further for I rather “being’ than “having” and I am guessing Sovereignty is a Property term — thus ownership! ( I don’t really own my body —Nature (whatever you like to call it does?)

    I do know that in ‘tribes’ or in Anthropological Literature some think certain tribes did not have a religion because they did not ‘classify or kubby- hole religion as something special that stood ‘outside’ everything else or have an ‘economy” (same thing no division) that distinguished itself from the rest of the society? For example Prestege being of more value than material goods wasted in barn-fires as a display what???????

    Farrell — what do you think of Satanists hanging out around your Cyberspace backdoor? Probably nothing but to me it reminds me of a now-defunct Institution near Portland, Oregon that Ken Kesley made Famous, ha, ha!

    I don’t know — seems like just fun, playing cops-and-robbers or magicians or whatever. I once was almost willing to spend 253 dollars in 1989 for a weekend seminar over at Brandais University to hear James Hilman and that other Iron man poet (forgot his name) give lectures.

    But then a picture of MEN dressed or costumed up as Indians and Shamans on the ground and in the tree branches giving the viewer ‘eyeballs! I decided not worth the money. ( Langian GYP which ends up paying for their Summer Cottages!)

    I spent fifty dollars ( I don’t know if you got a piece of it) on four of your books and i am waiting to spend more for some book you might produce in the future —- I wish it was your last because sometimes last books are quite revealing but I am never going to live that long.

    I still think your theological works transformed/translated by Imagination would or will make for interesting reading.

    Stick with the myths and the history!


    • SSNaga on May 17, 2012 at 7:12 am

      Myth Holds REALity; Her/his-story are Bones & Stones/dust (cosmic). … Howz that chair? Its not “there.” (BLINK)

    • paul degagne on May 17, 2012 at 7:14 am

      On the other hand a genuine Satanist or some other ‘deranged’ character would, I think, prefer to remain anonymous. (Why waste the element of Surprise? Makes no sense to me?)

      Who mike douglas glorifies on wall st is what I call a dangerous person and it’s all quite ‘fit and proper” and legitimate to boot!!!

      We need to change some of our previous misconceptions to fit the 21st Century?

      • SSNaga on May 17, 2012 at 8:29 am

        Sorry for the (MB) quote; I see it got your (simple-minded) goat.

        • paul de gagne on May 19, 2012 at 11:17 am

          To NAGA,

          I may have?

          Thanks for the compliment for things are complicated enough — without adding to the folly? KISS Principle?

          (not really for I know what you mean but I like twisting language around til it fits the occasion?

          More like Bah-bah-black-sheep if you ask me? Ha, ha!

  7. SSNaga on May 17, 2012 at 6:34 am

    The GenI in the Clear-Living-Bottle speaks! Talk-talk! … Astounding insight, ‘reading’ (& reporting) the Block-letters On the Wall. Sorry, that’s old hat. Didn’t “anybody” Tell you, you have no governmental head? The Producer is the Seducer, and the (your) Master of (your) Disaster. Get up, Look A-Round. Stop yelling “FORWARD” from The Rear. Step Up, like some others, Brave & Bold. … Who’s “stupid’ kNow? Pics & Reports; move Along… *Time*.

    • HAL838 on May 17, 2012 at 1:46 pm

      Oh, BLATHER !!

      • SSNaga on May 17, 2012 at 2:01 pm

        Dear AI – I was just thinking, if you ran for president, I’d “get out & vote” for you. You got “balls,” & just enuff brains. The tough stuff, well, what to expect from the hairless ape “clan?” Not much.

        • HAL838 on May 18, 2012 at 4:47 am

          are a perfect example of why things are about to change

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