Money and the Blame Game

To say fractional reserve banking is bad is like saying that fire is bad - it's kind of silly for its simplistic assumption.

 The relevant question is: what are you using it for? Morally, who has committed the greater offense: the farmer who uses loan money to purchase toxic pesticides to spray over his land and workers, or the banker who gives that 'chemical junkie' a loan? What about the consumer who purchases cage-tortured chicken from Safeway, or the bank who gives that 'zombie' a credit card to buy whatever his heart desires? Or what about the investor who purchases $1,000,000 in Treasury securities, or the Federal Reserve Banking system that turns those securities into $10,000,000 cash for future loans to sustain the American empire?

When everybody (including you and me) working within the banking system is destructive to some degree, where is the morality in taking sides within that system? Does America possess enough intellectual and moral currency to pursue a redirected plan of action entirely? Literally, can we present formal plans today to reboot the entire system: Civil Action Network? Americans Elect?

If we Americans over the last 100 years had primarily used our available credit (empowered by the fractional reserve banking system) for organic living in daily affairs, our world would theoretically be very different today - filled with high-quality goods, services, arts, inventions, homes, cities. You might say Americans could have used fire responsibly to warm the world, and used the water of debt forgiveness to keep the flames in check


Article copy from

http://knol.google.com/k/alaa-boghdady/money-and-the-blame-game/1civm2w7diirf/5#

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