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Peter's avatar

Rule by the wealthy doesn`t quite cover the money aspect of non-democratic control.

There are those who have been granted the right to control the money-supply, and create and destroy money itself. There is a famous quote from Rothschild in 1815 : "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply."

Maynard Keynes has some interesting comments about Lenin`s appreciation of the effectiveness of debauching a currency, in his book, "The Economic Consequences of the Peace". :

"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose".

Keynes points out that the "profiteers" who get vilified as a result of the consequent inflation are usually the entrepreneurs who are actually contributing to society, another subtle twist to the process.

And a quote from Thomas Jefferson : "The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs." Don`t hold your breath....

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