Economics that everyone should know (brought forward)

We’ve had economic discussions on the site over the past week. One of our commentators mentioned that we need a short course. It is not easy. For my two years of university studies in economics, I still jokingly threaten to ask for my student fees back, because it was worthless. I know Colin Maxwell has said similar things through the years. It is true. If one does not start studying independently, a ‘course in economics’ will possibly be time spent for no real knowledge.

For most of us, starting a study in economics makes no sense. What does make sense is to pay much attention to the economist, Richard Werner, that Colin Maxwell and others introduced us to, and also to Michael Hudson. Richard Werner has a skill to describe the economic issues in terms that most, without a basis in formal economic studies, can understand. No, it is not too long or too difficult. With Colin, and to a much smaller extent myself, we can explain concepts and nomenclature. Economics is also a moving target and a developing mileau. Heads stuck in sand won’t do it. For example, I knew most of what is presented in the Richard Werner video but what I did not know, is that there is no theory, nothing at all on macro-economics in the past 200 years. That was an eye-opener and I understood immediately the gaps in economic knowlege existent in the general community.

For us on GlobalSouth.co, not in essence an economics site but in essence a site that chronicles the changes happening today through a move to multipolarity, economics is a critical and essential part of the overall trajectory. If one does not pay attention, one will lose a big part of the whole.

The very question of ‘What can we do as individuals?’ has a disappointing answer. We can do very little on an individual basis. We watched for years people like Catherine Austin Fitts encouraging everyone to use cash. That never made sense to me as cash still undergirds today’s economic and banking system.

Imagine an octopus, with a bunch of smaller octopi growing at the end of the arms. The objective of current western econmics is really nothing less than to deprive you of whatever you are able to earn and to get you to die at the time that they require. In stark contrast money creation in China with Russia fast following, spells out the real objective. In Marxist logic it would be called for the workers but those two countries call it out as for the people. What we can do as individuals, is to understand the current octopus and manage our own affairs without getting too much involved, which is almost impossible now. Everything that is solid and good is cancelled.

I would encourage all to take the time and listen to the video that Colin and others recommended. It is about the shortest overview of the main events in economics in the past 100 years that I know of, and describes very clearly why I say individuals can do very little. These are big movements and most everything falls into the category of macro-economics. As individuals, we fall into the block of micro-economics and the system is such today that we cannot leverage the power in a coherent manner, despite being the biggest force. So we get dragged behind the current ponzi of money, whether we want to or not. Werner’s description of current Central Banks and the Fed and money-creation makes it non-complex to understand.