Money And Ethics And Greenspan And Bernanke.

Those who are responsible have to take responsibility! Of course these two men have merely been spokespersons for an institution that never has been and never will be ethical. The Federal Reserve is purely a political instrument.

How did Alan Greenspan handle the ethical dilemma of creating money to manipulate the economy? He did it by mastering the art of deception. He spoke in a language of nuances with an air of humility and detachment. That was the art of deception. The nuances of language were deliberately vague and elusive. The humility and detachment were all a part of the persona for that era of the Fed. Once upon a time Alan Greenspan knew and wrote about the virtues of the gold standard but later chose to be duplicitious for whatever reasons.

How will Ben Bernanke handle the ethical dilemma of creating money to manipulate the economy? It appears that the underlying hypocrisy at the highest level of the Fed is gone since the current Chairman does not see any merits in a gold standard. But the question remains: Is the behavior (creating money to manipulate the economy) ethical simply because the decision-makers are ignorant of the ethics involved?

The degree of secrecy about what is really being done (the details about the steps being taken) is a testimony of the realization across-the-board within the Federal Reserve that it is unethical to create money and distribute the newly created money to those who are favored politically.

Money and Ethics on August 10th, 2007!

On August 9th what wasn't in existence came into existence and that was $24 billion dollars and then on August 10th another non-existent cache of money sprung into existence, this time to the tune of 38 billion dollars!

This is the news reported on August 11th in the New York Times:

• 'Hoping to provide some comfort that there is ample cash available, the Federal Reserve made its largest intervention since the markets reopened Sept. 19, 2001, in the wake of the terrorist attacks. The central bank injected $38 billion into the financial system on top of the $24 billion it put in on Thursday.'

There is nothing ethical about creating money out of thin air.

Notice the word used in the report - 'intervention.' At least the word selection is straightforward yet only because they (the financial media, academia, and the politicians) are ignorant of the divine economy theory do they not realize how damning the use of that word is.

In broad strokes it is unethical to steal and to lie and to act in an untrustworthy manner. Where can the interventionists hide except behind the veils of government bureacracy?

Technically, democracy makes the politicans accountable and so the people have the right to remove the veils, thereby exposing the interventionists.

Launching of the Money and Ethics Blog!

It may appear that this blog is politically motivated, but really it is apolitically motivated! To explain the distinction I refer you to the divine economy theory. In reality there is no political role in the economy - which I realize is a jolt to contemporary thinking - and that is because every act of intervention is a source of disruption, an extention of corruption into the economy, and a cause of a cascading series of injustices.

This blog is also apolitical in the sense that it is not partisan. All parties are seen as intent on intervening for their own sake. All intervention - all acts of political involvement in the economy - are seen as unethical.

One of the keys to prosperity, stolen by the thieves and used repeatedly and surreptitiously, is money! Control of the money system enables the politically motivated to intervene in the economy.

Consider the implication of the following sequence:

• Financing a war is only possible when the money supply can be expanded; combined with any and all propaganda to convince people that the enemy is vile. Even when public opinion turns sour the war can still continue because the money supply can be expanded.
• However, a day of reckoning is on the horizon, as a consequence of the counterfeiting by the ego-driven interventionists, but the goal of the interventionist is to shift the blame politically, with total disregard for the pervasive impoverishing of the nation.
• Now an unforeseen problem appears: a bridge on a major thoroughfare collapses and the structural soundness of bridges all over the nation become suspect. The only recourse to the interventionists is to throw money at the problem and to do that it is necessary to crank up the printing presses and print more money. This politically sanctioned counterfeiting operation can take no repose, which means that it becomes more difficult to hide itself from scrutiny plus the time horizon for the subsequent disasterous effects on prosperity becomes much abbreviated.

This blog will sometimes show the natural relationship between money and ethics but most of the time it will point out the detrimental effects of artificial money - more frankly, of corrupt fiat currency - and the ethical consequences.