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The State's Banking Monopoly: Marx's Blueprint for Economic Destruction

The Marxists have never hidden their intentions. Right there in their revolutionary manifesto, Marx and Engels explicitly called for "Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly." This was no mere footnote, but a central pillar in their plan to destroy the free market and impose economic totalitarianism.

By centralizing banking, the state gains the power to manipulate the very lifeblood of the market economy - money itself. Every expansion of the money supply amounts to a hidden tax, stealing purchasing power from productive citizens and transferring it to the state and its cronies who receive the new money first. This is no accident - it is precisely what the architects of state banking intended.

Consider the pernicious effects: When the central bank expands credit, it sets in motion an artificial boom. Entrepreneurs are misled by false interest rate signals to invest in projects that cannot be sustained by real savings. When reality eventually reasserts itself, we get the inevitable bust - but rather than allowing the necessary liquidation of malinvestments, the central bank doubles down with more credit expansion, perpetuating the destructive cycle.

This is exactly what Marx and his followers wanted - to destabilize the market economy through monetary manipulation. By monopolizing banking, the state gains the power to generate the boom-bust cycles that Marxists then disingenuously blame on capitalism itself. The central bank serves as their primary weapon for undermining sound money and economic calculation.

The Federal Reserve and its global counterparts represent the realization of Marx's vision. Through their monopoly on money creation, they enable the endless growth of state power, fund the welfare-warfare state, and steadily destroy the purchasing power of the common man's savings. Every new round of quantitative easing and interest rate manipulation takes us one step closer to the Marxist goal of abolishing private property and free markets.

The solution is clear - we must end the state's banking monopoly and restore sound money based on voluntary market choices. The free market, not bureaucratic central planners, should determine interest rates and the money supply. Until we eliminate this engine of statism, we remain trapped in a monetary system designed by our enemies to bring about our economic destruction.

#communism #socialism #wef #eu #fed #ecb #inflation #freemarket #mises #bitcoin

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Discussion

₿rendan Lambe 1y ago

I like your ₿itcoin manifesto, now let us put it too the fucking testo.

1 ₿itcoin kills the ability to create money out of thin air, money which others have to work for.

2 ₿itcoin is not for everybody, but it is for everyone. Including your enemies.

3 You can't change ₿itcoin but ₿itcoin can change you.

4 ₿itcoin can make the central bank obsolete.

5 ₿itcoin banks the unbankable and secures property rights.

6 ₿itcoin is constantly evolving, like a living organisam

7 Time for time pound for pound, ₿itcoin is growing faster the the Internet.

8 ₿itcoin has true sacristy. 21 million hard cap. Secured by code and the most powerful competing network in human existence.

9 ₿itcoin is community. Bringing people from all races creeds together with unity.

10 The action's and writing's Karl Marx could lead one the belive the man's spirit was possessed. 👹The action's and writing's of Satoshi Nakamoto could lead one to believe his spirit was enlightened. 😇

₿itcoin is freedom. ₿itcoin is hope. ₿itcoin is dope. 🫡✌️ If you can't cope, get some soap, to wash away the fiat joke.

Cykros 1y ago

It prevents the creation of BASE money from thin air, but not credit (aka broad money).

Imagining nobody would extend loans simply because we have a bitcoin standard is probably wishful thinking. That said, it'd be done with more discipline than ever, as even gold's supply is a little flexible. But, as we've seen with the Eurodollar system, not having base collateral doesn't actually prevent banks from settling by the cancellation of mutual liabilities (which can arrive from all manner of money market movement, most well known being the repo market).

If enough people insist on self custody this isn't a huge threat as prudent risk management will not allow private banks to get too far from being able to be sure they can honor BTC denominated liabilities in the case of a bank run. But to the extent people are willing to let banks or other credit facilities hold their coins, we still have the dangers of fractional reserve and credit expansion.

The only real thing preventing this is that Bitcoin is a LOT easier to self custody and transact in than physical hold was. But on the other hand, people have gotten a LOT lazier...and less well read.

Ghost of Truth 1y ago

Yeah, nice. Thank You