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How do you engineer the system of debtism to take over from true capitalism and ensure that billions of men and women continue to support a system that guarantees their equity and wealth is stolen while they remain at best slaves? The answer is you have to create a pseudo science that twists theft into gifts, debts into assets, debtism into capitalism and slavery into freedom. |
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The emergence of economics |
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Contrary to revisionist history, there was no “science” of economics or bands of economists running around prior to that fateful year 1933 when the system of Debtism was first introduced. |
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That is because the higher philosophy of money, trade and finance was integrated into other broader social sciences, whiles the dark arts of banking were carefully hidden and guarded for centuries. |
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Economics was considered part of the broader philosophy of good governance and planning. It was never about justifying, supporting and perpetuating a world of debt. |
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It was the Sarmatian refugees from Sarmara (misquoted as Samaria) that founded Venice and turned it into one of the greatest trading powers the world has ever seen who first came up with the accounting trick of double entry bookkeeping and turning an “asset” into a “debt” just by the way it was entered- an old banking trick that still exists today. |
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Yet for Debtism to succeed, much of this dark art needed to be somehow brought out into the public view, yet deliberately misconstrued so that such concepts as debt would be seen as a virtue and not a curse and that interest would be seen as a public good and not a most ancient sin for millennia. |
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It is very important not to be diverted from any comment on the psuedo-science of debt-based economics and the people who are its "high priests". In all probability the vast majority are good honest people, seeking to make a positive difference in the world and the pursuit of academic excellence. Therefore, any comment on debtism economics must be permitted without implying any negativity to those who proudly stand as economists. |
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The dark art of debt-based economics |
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Turn on the TV, view the web, or read the paper-there is almost no media source today that does not also contain vast amounts of facts, comments and "expert" opinions from economists. |
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In spite of the fact that less than 0.000001% of economists in the world and 0% of the world’s leading economic experts predicted the global financial crisis, in spite of the fact that over 3,000 of the 4,000 core terms, theories and “laws” of economics are at best unproven, hyperbole and just plain wrong, debtism economists have never been more powerful than today. |
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There is not a single government that make any decision without first consulting economists and economists are directly responsible for some of the very worst social, environmental and planning disasters for the past thirty years—yet remain “untouchable” and unaccountable. Why? |
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Because without the willing support of the pseudo-science of debtism economics, the imposter system of Debtism –masquerading as capitalism –would not have survived beyond the 1950’s. Debtism needs economics to survive and economists increasingly are dependent on the survival of debtism to stay in power and influence. |
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Next > The Great Illusion |
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The Kidnap of Economics to "Debtism Economics" 
