Money and banks, a typical case of means turning in to goals

Posted: 02/09/2011 in EN, Maatschappij, NL, Society
Tags: , , , ,

Money is a means.

In the “old times” money didn’t exist. People simply exchanged ‘products’ or ‘services’. Eggs for a piece of bread, a meal for helping to sow, etcetera. The main reason for the existance of money was to have a certain standard exchange value for all goods and simplify transport and storage. As such a Euro or a Dollar do not have a more important meaning than any other ways of measure like a kilometer or a liter.

A typical case of a means turning into goal

However, most people nowadays have forgotten this and can’t even imagen their existence without money. They (have been tought to) think of money as a goal. As happens too often the means turned into a goal and now a great deal of society is actually based on this shortsighted, limited and oppressive understanding of life. The botttom line for modern (?) human beings and society has been reduced to “buy low, sell high” in its most extensive meaning with the only aim to obtain PROFIT (wow!).

Is this the legacy of human race of after millions of years of evolution and centuries of developing society?

The siege for PROFIT

Frequently this siege for profit becomes so important and dominant that others’ interest may be crushed by it. Those others can be other people, other (smaller/weaker) companies and even other nations. And one of the ‘better’ ways to achieve profit is speculation. Speculation is done with real estate, raw materials, speculation on countries’ debts and even speculation on money itself and on speculation itself. This creates a never ending spiral of virtual and unrealistic money-making (for some) that consistently worsens the equal distribution of wealth and puts an ever increasing stress on natural resources.

There is a marvelous speech on all of this by the spanish banker Joan Antoni Melé from Triodos Bank (the first ethic bank in Europe) which I hope to translate if ever I get the time for it. I don’t think there is more to be added to what he says except act! It is all about that could/should be done (in spanish).

Then there is a never ending list of references and videos on money and power abuse and the unseen forces behind everything, starting with the Inside Job video (official trailer) . “Inside Job” provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.
This documentary seems to be heavily censored on youtube, dailymotion, bliptv and elsewhere. The full “The Inside Job” video can still be found at and (09/2011).

Then there is a listing at the website exposing economic crisis shocking truths, as they describe.

Another link (selected on headings and fast reading, unfortunately I have only 24hours in a day):

  • World per capita consumption and growth - continuing population growth scenario

    World per capita consumption and growth

    Is the world going bankrupt? – Debt crisis and market turmoil (der Spiegel)
    Europe and the US are hopelessly over-indebted.
    The crisis that started in the US real estate sector in 2007 has devastated state finances on both sides of the Atlantic and is threatening to wreck the euro and trigger a second global downturn. The world lacks the political leadership needed to end the turmoil.
    (additional links again there)



Infinitely more information can be found around the internet (including virtual versions of physical media) with all one and same conclusion:

This (economic) system does not work

Why else would we be in crisis?
Why else would the specialist not have seen it coming?
Why else d0n’t they know how to stop it?

Although… the header is not completely correct it should include “(except for some)”

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