Friday, August 5, 2011

The Daily Beast goes to bat for Mammon

And there's no reason this will end any time soon, except by a grim and difficult paying down of collective and individual debt, in the context of a depressed global economy (with China's growth still highly unstable).

Sorry, but elixirs won't change this. We have no money for them. There are things we can do - agree on long-term debt-reduction, reform taxes, cut the defense budget, hope education can help middle and lower middle class Americans compete better on a global stage. But until we get used to this new period of austerity, and accept it, we will bang our heads against walls.

I confidently predict that Americans have so little experience of stasis or relative decline, let alone long-term hardship, that they will continue to take out their woes on various presidents required to govern at a time like this. My fear is that this despond and despair will be exploited by crazies on the populist right, as they have been in history. But culture war won't create jobs. Even a civilizational war, as some on the far right are itching for, won't help. We are not in the era when mass mobilization can be achieved in war or peace.

The best outcome, I suspect, will be a return to American realism, a determination to do the things we can while avoiding the things that will only give us a temporary hit. In this, the president's best hope is continued honesty with the American people, calm, and resilience. In hard times, radicalism appeals. But so too does small-c conservatism. In dark economic times, people sometimes keep a hold of nurse for fear of finding something worse. But all this requires a stoicism at odds with American character and history.

I guess I'm saying that the long great ride seems to be over. The question is simply whether Americans can or will handle it without losing their heads.
Many people believe money is synonymous with Mammon. This is incorrect. Mammon is an Aramaic [and Ahrimanic/Satanic] demonic spirit that was worshipped as a false god by the Philistines. Mammon desires to be worshipped, have influence, and control of peoples' lives to require love and devotion through the use of money. Money is simply the instrument by which mammon seeks to have power.
Any spirit that opposes God seeks to influence people through deception. It wants to gain loyalty and love without you knowing it has done so. THE PRIMARY LIE BEHIND THE SPIRIT OF MAMMON IS THAT MONEY CONTAINS POWER. It encourages people to place disproportionate value on money because of the power it has to influence and control others.

Sullivan is clearly not an economist, but perhaps the sort of bacteria that Prince Philip would like to be in a future life. The gist of his article is that there's no money, but that when we pay our debts with our dead bodies, money will magically become available.

Attempting to pay the bogus debts created by the bankers and fobbed off as real debts will kill us, as intended. We must repudiate bogus debts with Glass-Steagall and honor our real debts, but if we destroy ourselves trying to pay them before rebuilding the economy, they obviously won't be paid. So, the idea is to get the economy going again with LaRouche's approach, and to then start repaying our debts when we can afford to do so. In the meantime, the debt holders would have to settle for what we can afford. They might not have caviar and champagne on a yacht for breakfast, but it's tough all over.

Although the last excerpt above is not based on the teachings of Rudolf Steiner, it is consistent with them, in that Mammon tells us that money has intrinsic power, when in fact money is just a means of exchanging value, which humans must create. (Gold isn't money, strictly speaking, but a commodity which is used as money due to its characteristics. If we limited money to the supply of gold, the economy would be strangled. Furthermore, even the value of gold is dependent on the strength of the economy.) We can simply judiciously create money out of thin air as a means to channel the nation's energies into crucial productive activity, and the resulting economic improvement will give the created money its value.