Money is about
the threat of poverty. Poverty gives money value. By
threat of poverty, one must work for money, even if that
work is destructive. And money is about power backed up
by arms and prisons. Poverty, power, and prison are money's soul, flesh, and
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If the global economy were broken up into local units, would there be any need for national governments? Would it not make more sense for governments to scale down to the size of the economic units? The decentralization and democratization of the exchange process can only be achieved through traders establishing their own mutual credit clearing circles and independent private and community currencies.
Even if governments did have the will and the power to wrest control of the issuance of credit from the banking cartel, the situation would not be a lot different. The historical record suggests that where governments have come out on top their monopolization of credit has led to militarization, wars, expansion and a weakening of democratic processes.