Monday, 11 May 2015
"In the existing financial system, money creation is monopolized by central banks printing money under the supervision of ‘professional’ economists. Professor of journalism David S. Allen (2005) explains how science has become a methodology that backs up professional legitimacy. Expert knowledge and professionalism rely heavily on the so-called creed of objectivity. This creed is the dominant logic based in a positivist and empiricist epistemology accepted by scientists and experts in many fields. It claims impartiality for researchers, as if they are free from their own agendas and biases, when in reality, as one of founders of sociology Max Weber pointed out, value-free objectivity of researchers is simply impossible.
Under this pretense of objectivity, elite subjective bias and interests bypass democratic consensus and are encoded right into monetary policy. This is a pseudoscience of economics that closes the system off from feedback and till now helped it escape critical examination. It creates math that is divorced from the reality of people’s needs and is used to enact the current Ponzi pyramid scheme of wealth redistribution from the bottom to the top. Digital numbers on computers can become abstractions that tend to divert the flow of real work or stagnate real economic activity. This manipulated ledger deprives the power of ordinary people to work creatively with numbers that represent their true value. These numbers have become weapons of mass deception to enslave people through debt, usury and devaluation through quantitative easing."