squeak. speak. roar!

. . . on what divides and unites the nation.



Monday Monday.

Hi guys!

I had a fairly eventful weekend. It began with diarrhea on Saturday morning together with a very sore throat and a full blown cold. Not a good start at all. I still had to drag my ass to KL for a seminar for some 50 government public relations officers. I say ‘drag’ purely because I had to, literally. I was physically unfit to go anywhere. I was feeling so crap but I’ve already promised to speak and I really wanted to address government PROs about alternative media and blogs. I wanted to practice what I preached to them - to be open to dialogue and seek ways to understand each other better.

So just quickly on my session that was moderated by Leslie Lau. Heh. I presented on what makes alternative media, alternative and spoke extensively about the company that I’m attached to. After that I presented on blogs and what they are were all about. During question time, interesting issues were raised. Amongst them about how extreme bloggers can get, how Malaysians are traditional minded and we are not used to liberalised free speech. Examples of this from how we can never accept nude beaches to naked chicks on page 3 of newspapers came up as well, much to my amusement. lol. I was also asked whether I thought Najib should’ve sued Tian Chua over the doctored ‘table for three’ photo.

I think whoever feels they have been wronged, should sue. But at what cost? At stifling free speech or at least, building the foundation and educating the public on responsible free speech? How much does a public figures reputation cost? RM10 million as per MGG PIllai vs Vincent Tan’s case that was allegedly written by a lawyer? Can we trust that any of our cases now or laws executed by our so-called independent judiciary and Attorney-General’s Chambers are truly done in the name of rule of law? Does the public have confidence in any institutions anymore? When will Malaysians reach a stage where we can stop sweating over the small stuff and focus on resolving real issues?

I found that the views of some PROs were mildly myopic to say the least, placing a lot of their displeasure and unhappiness over irresponsible bloggers on bloggers themselves. I tend to see things in a bigger picture. The question to me is not about punishing these individuals but understand what drives people to write such things. People are always angry, cynical and upset for a reason. Even when we do things out of sheer spite, there must be a reason, circumstance and history behind it. These are the same reasons why I couldn’t blame the PROs for seeing things this way. They too have their own reasons, circumstances and history for their respective epistemological stance.

:) I may have disagreed with them on several points but I believe the dialogue was wonderfully refreshing. I enjoyed every minute of it. I’d like to think that I gave them food for thought as well and served as an example that as a alternative media representative and a blogger - I am willing listen as much as I am willing to debate :)

Interesting point to note was how Leslie pointed out that in his 15 year career as a journalist, he said he has always reported on the facts and it wasn’t his job to determine whether it was the truth or not. It was all about fair reporting. Um, that’s pretty scary to know there are journalists out there who are not concerned with the truth in the sea of lies that we swim in. Even more so in our political climate where rumours and conspiracies run rife in every Malaysia-Today blog post that you read.

TRUTH is ALL the matters. Reporters don’t report LIES. Facts are not “facts” if their are not true. lol. They become mere assertions subject to factual confirmation aka, TRUTH!!! Okaylah, I got a bit bengang when I head him say it but I felt it was more important to answer questions from PROs more then the moderator. Tee hee. So where else better to put this than in my blog? :)

Anyway, after the seminar, lunch was swift. I was also feeling like crap by them. Tummy was still upset and my sore throat got worst. I had to call in sick for work and ended up resting. Of course the best thing to happen all day on Saturday was Nat’s return to the country! :) He came for the seminar about 3 hours after touchdown, just for me! :) So I slept for the rest of the day. Didn’t feel any better and had an early night soon after. I missed out on Toni’s memorial but I heard it was lovely. I’m glad.

Sunday was alright. I think all the drugs I took the night before helped in reducing my sore throat. The full blown cold was unstoppable and I was leaking like a mucus dispenser. Not pretty. After lunch and chores and nap, I took my family for a Father’s Day dinner. Pictures later since I’m blogging from Nat’s laptop currently instead of my own. Heh. Stayed over at Nat’s after dinner and you won’t believe what happened.

I did not sleep until 7am (or 8am, I’m not sure). Must have been all the Chinese herbal tea and Coke Light I had yesterday. It was crazy. I ended up reading Cheryl’s ‘Devil Wears Prada’. It was a bad book. Writing-wise, brilliant. Storyline-wise, a bit lame and unbelievable. lol. Whoops. It was quite funny that at around 6.30am, everybody in the house was up for one reason of another. So I slept and woke up proper around 11am. I really really hope I can sleep tonight.

Anyway, I’ve got to run! It’s spend time with Nat, err, time :) Joy! :)


3 Responses to “ Monday Monday. ”

  1. # 1 Surind Says:

    Cheaper Beer & Cigarettes For A More Emotionally Healthy Malaysia!

    Dear Bloggers, can we start a new campaign? also to request PR to lower the prices if they take over the federal gov.

    Cheers!
    [/img]http://www.mediamagnet.com/images/catalog/comps/5/57b93abb-ca86-41fd-aa70-32901ea4c9c7.jpg[/url]

  2. # 2 nat Says:

    yeay spend time with polytikus time! :D

    i saw her speak, it was awesome - there was some heated debate and even a little bit of harranguement, but pt handled it all with supreme grace under fire :) :)

  3. # 3 collosos Says:

    August 4, 2007

    How Money Is Created As A Debt By Private Banks - The
    Money Castaways

    The story I present to you here today has nothing with
    to do with web 2.0, new media or how to make money
    with your site. Today’s story is all about waking up.
    Realizing that something you have given for good and
    granted since you were born, may actually deserve some
    heavy rethinking ASAP.

    This is the story of how private banks force most of
    us into the vicious, enslaving circle, in which you
    have long been feeling trapped. Working your ass off
    for six days a week only to be able to pay the rent,
    the gas, the bills and very little more. If getting a
    mortgage to buy a house means signing a slavery
    contract for the rest of your life, maybe THERE IS
    something deeply wrong with the economics of our
    system and the way create debt out of money THEY DO
    NOT OWN.

    But you know what fucks us bad?

    Our ignorance.

    Unless you can understand yourself how economy and the
    monetary debt system works, you are bound to be a
    slave of whoever knows more than you.

    This is why I have decided to reserve today
    counter-information slot for something you can’t find
    an article or an opinion piece on any magazine or
    newspaper of the world: a simple story that explains
    to you how money is actually created and how bankers
    manage to sell it to you in exchange for extra money
    (the interest).

    They do not have the right, nor the math, to do
    that…. but unless you see the forest beyond the
    trees, and start showing that the emperor has really
    no clothes, bankers of the world will not stop doing
    what they have mastered so well.

    Thanks to Louis Even and Michael Journal (A journal of
    Catholic patriots for the Social Credit monetary
    reform through the education of the population and not
    through politicial parties), here is a great story and
    an opportunity to understand how money, debt and
    interests are created out of thin air right under your
    eyes.

    Read on

    The Money Myth Exposed

    The financial enigma resolved — A debt-money system

    1. The Shipwrecked Survivors

    An explosion blew their ship apart. Five survivors
    remained huddled on a raft which the waves carried
    along at their will. As for the other victims of the
    disaster, there was no sign of them.

    Hour after long hour their eyes searched the horizon.
    Would a passing ship see them? Would their make-shift
    raft find its way to some friendly shore?

    Suddenly a cry rang out: “Land! Look, over there, in
    the direction the waves are carrying us!”

    And, as the vague silhouette proved to be the outline
    of a shore, the figures on the raft danced with joy.

    They were five. Frank, the carpenter, was big and
    energetic. It was he who had first cried, “Land!”

    Then there was Paul, a farmer. You can see him front
    and left in the picture on his knees, one hand against
    the floor, the other gripping the mast of the raft.

    Next was Jim, an animal breeder. He’s the one in the
    striped pants, kneeling and gazing in the direction of
    land.

    Then there is Harry, an agriculturist who was a little
    on the stout side, seated on a trunk salvaged from the
    wreck.

    And finally there was Tom the prospector and a
    mineralogist. He is the merry fellow standing in the
    rear of the picture with his hand on the carpenter’s
    shoulder.

    2. A Providential Island

    Setting foot on land was like returning to life from
    the grave for the five men.

    After they dried and warmed themselves, their first
    impulse was to explore this little island that they
    had been cast on to, far from civilization.

    A quick survey raised their spirit. The island was not
    a barren rock. Despite being the only men on it at the
    moment, judging from the herds of semi-domesticated
    animals they saw, there had been men here at some time
    before them.

    Jim, the animal breeder, was sure he could completely
    domesticate the animals and put them to good use.

    Paul found the island’s soil, for the most part, quite
    suitable for cultivation.

    Harry discovered fruit trees which would give good
    harvests if properly tended.

    Most important were the large forests with a range of
    wood type. Frank, without too much difficulty, would
    be able to build houses for the little community.

    As for Tom, the prospector, the island showed signs of
    rich mineral deposits. Despite lacking the tools, Tom
    still felt his ingenuity and initiative could produce
    metals from the ores.

    Each could serve the common good with his special
    talent. And all agreed to call the place Salvation
    Island, giving thanks to Providence for a reasonably
    happy ending to what could have been stark tragedy.

    3. True Wealth

    Here are the men at work.

    The carpenter built houses and made furniture. At
    first, they found food where they could. But soon the
    fields were tilled and seeded, and the farmer had
    crops.

    As season followed season, this Salvation Island, this
    heritage of the five men became richer.

    Its wealth was not of gold or paper bank notes, but of
    true value - a wealth of food, clothing, shelter and
    all the things to meet human needs.

    Each man worked his own trade. Whatever surpluses he
    might have, he exchanged for the excess products of
    the others.

    Life wasn’t always as smooth and complete as they
    could have wished it to be. They lacked things they
    had been accustomed to in civilization. Yet, it could
    have been far worse. All five had experienced the
    depression in Canada. They still remembered empty
    bellies despite stores being crammed with food.

    However, at least on Salvation Island, they weren’t
    forced to watch food rot before their eyes. And taxes
    were unknown here. Nor did they constantly fear the
    bailiff. They worked hard but could enjoy the fruits
    of their labour.

    So they developed the island, still in possession of
    life and health (those two greatest of blessings),
    thanking God and hoping for the day of reunion with
    their families.

    4. A Serious Inconvenience

    Our men often got together to talk over affairs.

    Under the simple economic system which developed, one
    thing was beginning to bother them more and more: they
    had no form of money.

    Barter, the direct exchange of goods for goods, had
    its drawbacks. The products exchanged were not always
    at hand when a trade was discussed. For example, wood
    delivered to the farmer in winter could not be paid
    for in potatoes until six months later. Sometimes one
    of the men would have a large item that he wished to
    exchange for a number of smaller articles produced by
    different men, at different times.

    All this complicated business and was taxing to their
    memory. However, with a monetary system, each one
    could sell his products to the others for exact
    amounts of money and buy from the others things he
    wanted when he wished, and when they were available.

    It was agreed that a money system would be convenient,
    but none knew how to set up one. They knew how to
    produce true wealth - goods - but producing money (a
    symbol of this wealth) was quite beyond them.

    They had no idea how money originated, and how to
    produce it. (Certainly, many educated men have been in
    the same boat - all our governments experienced the
    same predicament during the ten years prior to the
    war. The only thing the country lacked at that time
    was money, and governments apparently didn’t know how
    to get it.)

    5. A Refugee Arrives

    One evening, when our boys were sitting on the beach
    going over their problem for the hundredth time, they
    saw a small boat approaching with a solitary man at
    the oars.

    He was the only survivor of a wreck, named Oliver.

    Delighted to have a new companion, they provided him
    with the best that they had and they took him on an
    tour of the colony.

    “Even though we’re lost and cut off from the rest of
    the world,” they told him, “we can’t complain too
    much. The earth and forest are good to us. We lack
    only one thing. Money. It would make exchanging our
    products much easier for us.”

    “Well, you can thank Providence,” replied Oliver,
    “because I am a banker and, in no time at all, I’ll
    set up a money system guaranteed to satisfy you. Then
    you’ll have everything people in civilization have.”

    A banker! A BANKER! An angel come down from the clouds
    couldn’t have inspired more reverence and respect in
    our men. For after all, are we not accustomed, we
    civilized people, to genuflect before bankers and
    those men who control the lifeblood of finance?

    6. Civilisation’s God

    “Mr Oliver, as our banker, your only occupation on
    this island will be to look after our money; no manual
    labour for you.”

    “I shall, like every other banker, carry out to
    complete satisfaction my task of forging the
    community’s prosperity.”

    “Mr. Oliver, we will build you a house in keeping with
    your dignity as a banker. But meanwhile, do you mind
    if we lodge you in the building that we use for our
    get-togethers?”

    “That will suit me, my friends. But first of all,
    unload the boat. There’s paper and a printing press,
    complete with ink and type, and a little barrel which
    I advise you to treat with the greatest care.”

    They unloaded everything. The small barrel aroused
    intense curiosity in our good fellows.

    “This barrel,” Oliver said, “contains a treasure
    beyond dreams. It is full of… gold!”

    Full of gold! The five all but swooned. The god of
    civilization here on Salvation Island! The yellow god,
    always hidden yet terrible in its power, whose
    presence, absence or slightest caprice could decide
    the fate of all civilized nations!

    “Gold! Mr Oliver, you are indeed a great banker! Oh
    honorable Oliver! Great high priest of the god, Gold!
    Accept our humble homage, and receive our oaths of
    fidelity!”

    “Yes, my friends, gold enough for a continent. But
    gold is not for circulation. Gold must be hidden. Gold
    is the soul of healthy money, and the soul is always
    invisible. But I’ll explain all that when you receive
    your first supply of money.”

    7. The Secret Burial

    Before they went their separate ways for the night,
    Oliver asked them one last question: “How much money
    will you need to begin with in order to facilitate
    trading?”

    They looked at one another, then deferentially towards
    the banker. After a bit of calculation, and with the
    advice of the kindly financier, they decided that $200
    each would do fine.

    The men parted, exchanging enthusiastic comments. And,
    in spite of the late hour, they spent most of the
    night lying awake, their imaginations excited by the
    picture of gold. It was morning before they slept.

    As for Oliver, he wasted not a moment. Fatigue was
    forgotten in the interests of his future as a banker.
    By dawn’s first light, he dug a pit into which he
    rolled the barrel. He then filled it in, transplanting
    a small shrub to the spot about which he carefully
    arranged sod. It was well hidden.

    Then he went to work with his little press to turn out
    a thousand $1 bills. Watching the clean new banknotes
    come from his press, the refugee turned banker thought
    to himself: “My! How simple it is to make money. All
    its value comes from the products it will buy.

    Without produce, these bills are worthless. My five
    naive customers don’t realize that.

    They actually think that this new money derives its
    value from gold!

    Their ignorance makes me their master.”

    And as evening drew on, the five ran to Oliver.

    8. Who Owns the Money

    Five bundles of new banknotes were sitting on the
    table.

    “Before distributing the money,” said the banker, “I
    would like your attention.

    The basis of all money is gold. And the gold stored
    away in the vault of my bank is mine. Consequently,
    the money is also my money. Oh! Don’t look so
    discouraged. I’m going to lend you this money, and
    you’re going to use it as you see fit.

    However, you’ll have to pay interest.

    Considering that money is scarce here, I don’t think
    8% is unreasonable.”

    “Oh, that’s quite reasonable, Mr Oliver.”

    “One last point, my friends. Business is business,
    even between pals. Before you get the money, each of
    you is going to sign a paper. It you will bind you to
    pay both interest and capital under penalty of
    confiscation of property by me. A mere formality -
    your property is of no interest to me. I’m satisfied
    with money. And I feel sure that I’ll get my money,
    and that you’ll keep your property.”

    “That makes sense, Mr Oliver. We’re going to work
    harder than ever in order to pay you back.”

    “That’s the spirit. And any time you have a problem,
    you come to see me. Your banker is your best friend.
    Now, here’s two hundred dollars for each one of you.”

    And our five brave fellows went away, their hands full
    of dollar bills, their heads swimming with the ecstasy
    of having money.

    9. A Problem in Arithmetic

    And so Oliver’s money went into circulation on the
    island.

    Trade, simplified by money, doubled. Everybody was
    happy.

    The banker was always greeted with unfailing respect
    and gratitude.

    But now, let’s see… Why does Tom, the prospector,
    look so grave as he sits busily figuring with a pencil
    and paper?

    Tom, like the others, signed the agreement to repay
    Oliver in one year’s time $200, plus $16 interest. But
    as the date of payment drew near, Tom had only a few
    dollars in his pocket.

    For a long time he had wrestled with this problem from
    his own point of view, without success. Finally, he
    viewed it from the perspective of the little community
    as a whole. “Taking into consideration everyone on the
    island,” he mused, “are we capable of meeting our
    obligations?

    Oliver turned out a total of $1000. He’s asking for
    $1080 in return. But even if we bring him every dollar
    bill on the island, we’ll still be $80 short. Nobody
    made the extra $80. We turn out produce, not dollar
    bills. So Oliver can take over the entire island,
    since all the inhabitants together can’t pay him back
    the total amount of the capital and interest.

    Even if a few (without any thought for the others)
    were able to, the others would fail. And the turn of
    the first spared would come eventually. The banker
    will take everything. We’d better hold a meeting right
    away and decide what to do about it.”

    Tom, with his figures in his hand, had no difficulty
    in explaining the situation. All agreed that they had
    been duped by the kindly banker.

    They decided upon a meeting at Oliver’s.

    10. The Benevolent Banker

    Oliver guessed what was on their minds, but he put on
    his best front. While he listened, the impetuous Frank
    stated the case for the group.

    “How can we pay you $1080 when there is only $1000 on
    the entire island?”

    “That’s the interest, my friends. Has not your rate of
    production increased?”

    “Sure, but the money hasn’t. And it’s money you’re
    asking for, not our products. You are the only one who
    can make money. You’ve made only $1000, and yet you
    ask $1080. An impossible task!”

    “Now listen, fellows. Bankers, for the greater good of
    the community, always adapt themselves to the
    conditions of the times. I’m going to require only the
    interest. Only $80. You will go on holding the
    capital.”

    “Bless you, Mr Oliver! Are you going to cancel the
    $200 each of us owes you?”

    “Oh no! I’m sorry, a banker never cancels a debt. You
    still owe me the money you borrowed. But you’ll pay
    me, each year, only the interest. If you meet the
    interest payments faithfully each year, I won’t push
    you for the capital.

    Maybe some won’t be able to repay even the interest
    because of the money changing hands among you. Well,
    organize yourselves like a nation. Set up a system of
    money contributions, what we call taxes.

    Those who have more money will be taxed more; the poor
    will pay less. See to it that you bring me, in one
    lump sum, the total of the amount of interest, and
    I’ll be satisfied. And your little nation will
    thrive.”

    So our boys left, pacified, but still dubious.

    11. Oliver Exalts

    Oliver is alone. He is in deep reflection.

    His thoughts run thus: Business is good. These boys
    are good workers, but stupid. Their ignorance and
    naivety is my strength. They ask for money, and I give
    them the chains of bondage. They give me flowers, and
    I pick their pockets.

    True enough, they could mutiny and throw me into the
    sea. But pshaw! I have their signatures. They’re
    honest. They’ll honor their pledges.

    Honest, hardworking people were put into this world to
    serve the Financiers.

    Oh great Mammon! I feel your banking genius coursing
    through my entire being! Oh, illustrious master! How
    right you were when you said: “Give me control of a
    nation’s money, and I won’t mind who makes its laws.”
    I am the master of Salvation Island because I control
    its money.

    My soul is drunk with enthusiasm and ambition - I
    could rule the universe.

    What I, Oliver, have done here, I can do throughout
    the entire world. Oh! If only I could get off this
    island, I know how I could govern the world without
    wearing a crown.

    My supreme delight would be to instill my philosophy
    in the minds of those who lead society: bankers,
    industrialists, politicians, reformers, teachers,
    journalists - all would be my servants.

    The masses are content to live in slavery when the
    elite among them are overseers.

    12. The Cost of Living Unbearable

    Things went from bad to worse on Salvation Island.
    Production was up, although bartering dropped to a
    minimum.

    Oliver collected his interest regularly. The others
    had to think of setting money aside for him. Thus,
    money tended to clot instead of circulating freely.

    Those who paid the most in taxes complained against
    those who paid less. They raised the prices of their
    goods to compensate for this loss.

    The unfortunate poor who paid no taxes lamented the
    high cost of living, and bought less.

    If one took a salaried job with another, he was
    continually demanding increases in salary in order to
    meet the mounting cost of living.

    Morale was low.

    The joy went out of living.

    No one took an interest in his work. Why should he?
    Produce sold poorly. When they would make a sale, they
    had to pay taxes to Oliver. They went without things.
    It was a real crisis. And they accused one another of
    wanting in charity, and of being the cause of the high
    cost of living.

    One day, Harry, sitting in his orchard, pondered over
    the situation.

    He finally arrived at the conclusion that this
    “progress”, born of a refugee’s monetary system, had
    spoiled everything on the island. Unquestionably, all
    five had their faults, but Oliver’s system seemed to
    have been specifically designed to bring out the worst
    in human nature.

    Harry decided to demonstrate this to his friends and
    to unite them for action.

    He started with Jim, who was not hard to convince.
    “I’m no genius,” he said, “but for a long time now
    there’s been a bad smell about this banker’s system.”

    One by one they came to the same conclusion, and they
    ended up by deciding to have another conference with
    Oliver.

    13. Enslaved by Oliver

    A veritable tempest burst about the ears of the
    banker.

    “Money’s scarce on the island, fellow, because you
    take it away from us! We pay you and pay you, and
    still we owe you as much as at the beginning. We work
    our heads off! We’ve the finest land possible, and yet
    we’re worse off than before the day of your arrival.
    Debts! Debts! Up to our necks in debts!”

    “Oh! Now boys, be reasonable! Your affairs are
    booming, and it’s thanks to me. A good banking system
    is a country’s best asset. But if it is to work
    beneficially, you must have faith in the banker. Come
    to me as you would to a father… Is it more money
    that you want? Very well. My barrel of gold is good
    for many thousands of dollars more. See, I’m going to
    mortgage your latest acquisitions, and lend you
    another thousand dollars right now.”

    “So! Now our debt goes up to $2000! We are going to
    have twice as much interest to pay for the rest of our
    lives!”

    “Well, yes — but I’ll lend you more whenever the value
    of your property increases. And you’ll never pay
    anything but the interest. You’ll lump all your debts
    into one — what we call a consolidated debt. And you
    can add to the debt, year after year.”

    “And raise the taxes, year after year?”

    “Obviously. But your revenues also increase every
    year.”

    “So then, the more the country develops each year
    because of our labor, the more the public debt
    increases!”

    “Why, of course! Just as in your country – or in any
    other part of the civilized world for that matter. The
    degree of a country’s civilization is always gauged by
    the size of its debt to the bankers.”

    14. The Wolf Devours the Lamb

    “And that’s a healthy monetary system, Mr. Oliver?”

    “Gentlemen, all sound money is based on gold, and it
    comes from the banks in the form of debts. The
    national debt is a good thing. It keeps men from
    becoming too satisfied. It subjugates governments to
    the supreme and ultimate wisdom, that which is
    incarnate in bankers. As a banker, I am the torch of
    civilization here on your little island. I will
    dictate your politics and regulate your standard of
    living.”

    “Mr. Oliver, we’re simply uneducated folks, but we
    don’t want that kind of civilization here. We’ll not
    borrow another cent off of you. Sound money or not, we
    don’t want any further transactions with you.”

    “Gentlemen, I deeply regret this very ill-advised
    decision of yours. But if you break with me, remember,
    I have your signatures. Repay me everything at once —
    capital and interest.”

    “But that’s impossible, sir. Even if we give you all
    the money on the island, we still won’t be square with
    you.”

    “I can’t help that. Did you or did you not sign? Yes?
    Very well.”

    “By virtue of the sanctity of contracts, I hereby
    seize your mortgaged property which was what you
    agreed to at the time you were so happy to have my
    help. If you don’t want to serve willingly the supreme
    authority of money, then you’ll obey by force. You’ll
    continue to exploit the island, but in my interests
    and under my conditions. Now, get out! You’ll get your
    orders from me tomorrow.”

    15. Control of the Press

    Oliver knew that whoever controlled the nation’s
    money, controlled the nation.

    But he knew also that to maintain that control, it was
    necessary to keep the people in a state of ignorance,
    and to distract them by a variety of means.

    Oliver had observed that of the five islanders, two
    were conservatives and three were liberals. That much
    had evolved from their evening conversations,
    especially after they had fallen into slavery. And
    between the conservatives and those who were liberals,
    there was a constant friction.

    On occasions, Harry, the most neutral of the five,
    considering that all had the same needs and
    aspirations, had suggested the union of the people to
    put pressure on the authorities. Such a union, Oliver
    could not tolerate; it would mean the end of his rule.
    No dictator, financial or otherwise, could stand
    before a people united and educated.

    Consequently, Oliver set himself to foment, as much as
    possible, political strife between them.

    The refugee put his press to work, turning out two
    weekly newspapers, “The Sun”, for the Liberals, and
    “The Star”, for the Conservatives.

    The general tenor of “The Sun” was: “If you are no
    longer master, it is because of those traitorous
    Conservatives who have sold out to big business.”

    That of “The Star”: “The ruinous state of business and
    the national debt can be traced directly to the
    political responsibility of those unmentionable
    Liberals.”

    16. A Priceless Bit of Flotsam

    One day, Tom, the prospector, found on a small beach,
    hidden by tall grass at one end of the island, a
    lifeboat, empty except for a trunk in good condition
    lying in the bottom of it.

    He opened the trunk. Among the articles within, a sort
    of album caught his eye: “The First Year of Social
    Credit”.

    Curious, Tom sat down and began to read the volume.
    His interest grew; his face lit up.

    “Well, just look at this!” he cried out loud. “This is
    something we should have known a long time ago.”

    “Money gets its value, not from gold, but from the
    products which that money buys.”

    “Simply put, money should be a sort of accountancy,
    credits passing from one account to another according
    to purchases and sales. The sum total of money will
    depend upon the sum total of production.”

    “Each time production increases, there is a
    corresponding increase in the amount of money. Never
    at any time should interest be paid on new money.
    Progress is marked, not by an increase in the public
    debt, but by the issuance of an equal dividend to each
    individual… Prices are adjusted to the general
    purchasing power by a coefficient of prices. Social
    Credit…”

    But Tom could no longer contain himself. He got up and
    set off at a run, the book in his hands, to share this
    glorious discovery with his four comrades.

    17. Money - Elementary Accounting

    So Tom became the teacher. He taught the others what
    he had learned from that God-sent Social Credit
    publication.

    “This,” he said, “is what we can do without waiting
    for a banker and his keg of gold, nor without
    underwriting a debt.”

    “I open an account in the name of each one of you. In
    the right hand column are the credits which increase
    your account; to the left are the debits which
    subtract from your account.”

    “Each wants $200 to begin with. Very well. We write
    $200 to the credit of each. Each immediately has
    $200.”

    “Frank buys some goods from Paul for $10. I deduct $10
    from Frank, leaving him $190. I add $10 to Paul, and
    he now has $210.”

    “Jim buys from Paul to the amount of $8. I deduct from
    Jim $8, leaving him $192. Paul now has $218.”

    “Paul buys wood from Frank for $15. I deduct $15 from
    Paul, leaving $203. I add $15 to Frank’s account, and
    it goes back to $205.”

    “And so we continue; from one account to another, in
    the same fashion that paper banknotes go from one
    man’s pocket to another’s.”

    “If someone needs money to expand production, we issue
    him the necessary amount of new credit. Once he has
    sold his products, he repays the sum to the credit
    fund. The same with public works; paid for by new
    credits.”

    “Likewise, each one’s account is periodically
    increased, but without taking credits from anyone, in
    order that all may benefit from the progress society
    makes. That’s the national dividend. In this fashion,
    money becomes an instrument of service.”

    18. The Banker Despair

    Everyone understood.

    All of the members of this little island community
    became Social Crediters.

    The following day, Oliver, the banker, received a
    letter signed by the five:

    “Dear sir! Without the slightest necessity you have
    plunged us into debt and exploited us.

    We don’t need you anymore to run our money system.

    From now on, we’ll have all the money we need without
    gold, debts, nor thieves.

    We are establishing, at once, the system of Social
    Credit on the island. The national dividend is going
    to replace the national debt.

    If you insist on being repaid, we can repay you all
    the money you gave us.

    But not a cent more.

    You cannot lay claim to that which you have not made.”

    Oliver was in despair. His empire was crumbling. His
    dreams shattered.

    What could he do?

    Arguments would be futile. The five were now Social
    Creditors: money and credit were now not more
    mysterious to them than they were to Oliver.

    “Oh!” said Oliver. “These men have been won to Social
    Credit! Their doctrine will spread far more quickly
    than mine. Should I beg forgiveness? Become one of
    them? I, a financier and a banker? Never! Rather, I
    shall try and put as much distance between them and me
    as I can!”

    19. The Fraud Unmasked

    To protect themselves against any future claim by
    Oliver, our five men decided to make him sign a
    document attesting that he again possessed all he had
    when he first arrived on the island.

    An inventory was taken; the boat, the oars, the little
    press, and the famous barrel of gold.

    Oliver had to reveal where he had hidden the gold. Our
    boys hoisted it from the hole with considerably less
    respect than the day they had unloaded it from the
    boat. Social Credit had taught them to despise gold.

    The prospector, who was helping to lift the barrel,
    found it surprisingly heavy for gold. If the barrel
    was full, he told the others, there was something in
    it besides gold.

    The impetuous Frank didn’t waste a moment; a blow of
    the axe, and the contents of the barrel was exposed.

    Gold? Not so much as a grain of it! Just rocks —
    plain, worthless rocks! Our men couldn’t get over the
    shock.

    “Don’t tell us that he could bamboozle us to this
    extent!”

    “Were we such muttonheads as to go into raptures over
    the mere mention of gold?”

    “Did we mortgage all of our possessions for a few
    pieces of paper based on a few pounds of rocks? It’s a
    robbery, compounded with lies!”

    “To think that we sulked and almost hated one another
    all because of such a fraud! That devil!”

    Furious, Frank raised his axe while, in great haste,
    the banker takes sudden flight towards the near-by
    forest.

    20. Farewell to Salvation Island

    After the opening of the barrel, and the revelation of
    his duplicity, nothing further was heard of Oliver.

    Shortly after, a ship, cruising off the normal
    navigation route, noticed signs of life on this
    uncharted island, and decides to cast anchor a short
    distance offshore.

    The men on the island learned that the ship was en
    route to America. So they decided to take with them
    what they could carry, and return to the United
    States.

    Above all, they made sure to take back with them the
    album, “The First Year of Social Credit”, which had
    proven to be their salvation from the hands of the
    financier, Oliver, and which had illumined their minds
    with an inextinguishable light.

    All five solemnly promised to get in touch with the
    management of this paper, once back in America, and to
    become devoted and zealous apostles of the Cause of
    Social Credit in their country.

    Originally written by Louis Even and entitled “The
    Money Myth Exposed

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