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Wednesday, 08 October 2008

Back in a coupla weeks

It's going to be a little quiet around here over the next couple of weeks. I'm hitting the road on a work trip that will probably see me MIA online until I return. Mackay QLD is one of the destinations and no doubt somewhere along the way I'll catch up with Carl (Astro). If I can drag him back from his off-shore adventuring in his new Adventure Island, that is. Surely I'll manage to fit some fishing into the schedule of course and will post some reports soon after I return.

Carl 'Astro' Holland on his Hobie Outback (which I think is now for sale)

In the meantime, here's something to riddle your brain with. If anyone can give me a heads up, let me know. I'm wondering if it's at all possible in this modern society to exist without a bank account (and just hide whatever riches you may have instead). Can I just take a wage in a cheque (and cash it in), or even just cash and stuff it away in a coffee jar instead? Making arrangements like that with most employers wouldn't be terribly difficult, but I think functioning in todays society probably might. So many facets of todays social infrastructure is somehow linked to the banks. It seems to be almost, if not impossible to not be so yourself. I've lost a lot of confidence in the banking system and it's something that's been eroding over time. Never so rapidly as since the Fanny Mae/Freddie Mac affair, however, (which seemed to be a fairly obvious omen that the US economy was on very rocky territory) and now especially after the Wall st collapse.

Last night my overall understanding of the situation deepened significantly, as did my lack of confidence in the global banking system and the fractional reserve banking system that oversees it. To explain this would take up more space on this page than I'm willing to commit to the topic. Suffice to say that if you're interested, watch this video clip below. And after watching that, sit back and watch this longer video on the same topic. The youtube clip below focuses on the federal reserve bank created document: Modern Money Mechanics, breaking it down in a way that will make your head spin. The second, much longer clip goes quite a bit further, way back into the history of the creation of money and how the system developed as to how it is today.

I watched the longer google video after watching the shorter clip. Admittedly, I found this to be somewhat alarming and it struck me that people probably need to know about this. This information, coupled with the wall st 'put 700 billion in the bag and no one gets hurt' bailout, left me feeling very much at the mercy of the banks, of whom appear to operate under a system I no longer trust. Privatising profits and socialising losses is not a concept I'm terribly fond of.

I don't expect things to improve in a hurry and if the system doesn't change, perhaps even longer... if ever. Good thing I can fish and know how to grow veges because I don't like the sound of what all this means for the cost of living in the future. Now if only I knew a way to live without actually needing a bank account...

Click here if video fails to play

Update: I asked US President George Bush about the ability to live without a bank account, and here's what he had to say:

Click here if video fails to play

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Comments (1)

10-10-2008 07:40

casting the net on the other side

Dear Sensei Josh
It's called the sustainable eco-everything lifestyle - I guess it is very possible if not necessary, if the world sinks into global depression and more and more ppl fall out of "employment" - thanks to raw greed and blatant mismanagement on the St & everywhere. Could farming or... FISHING kibbutzes be the way of the future - this way you eat more varieties of vegies (& fishes!) ???