Once again, our Lords and Masters throughout Europe are in a fluster as Germany (correction - the German taxpayer) is forced to hand over €100 Billion to support Spanish banks as the country slides ever closer to bankruptcy and every man, woman and child in Spain is now hocked to a further €2100 debt held in their name by the State - who in turn forced Spanish banks to buy their worthless bonds in the first place. Rumours abound that ten Italian cities can no longer cover their debts and on August 20th, Greece will need to repay the central bank some €3 Billion that it doesn't have the IMF and the Germans have decided they will no longer stump up just to keep a bunch of melon farmers in the style to which they so rapidly became accustomed after lying their way into the great Euro free money club.
So why are we panicking if a few banks hit the wall? Will we lose our homes, our jobs, our lives?
No, we won't.
I'd like to remind everyone that most of the planet still functions perfectly well without a bank account. Just 50 years ago, to even own a bank account put you in a professional class beyond the dreams of most of the population. Back then, you borrowed money to buy a house or you waited until your parents died to inherit theirs. An appointment with the bank manager actually meant he wanted to see you and he expected you to remind him why he should even consider you worthy of lending funds deposited by the other customers he possessed, namely depositors. A bank was merely an agent to bring lender and borrower together for a small fee whilst stuffing real gold into a vault in the cellar for safe keeping - not some provider a zillion financial instruments designed to extract every cent you earned.
What do we have now? A carefully crafted system of deceit and entrapment designed to enslave us all to the money lenders. It may astonish readers to know that I survive entirely without a bank account or a credit card. I made the decision to live without credit or "financial facilities" as an experiment to see whether 50 years of High Street banking had made us any richer or wiser. It hasn't.
Take a look at all the direct debits you pay - a simple system to extract what is owed without recourse to the owner of the account. To pay in cash will now see you punished or shunned - whether it be the State, the Council or any service provider, no bank account access via direct debit and you can't have the shiny lovely things others may have. I recently purchased a property in Bulgaria, only to be informed that the owner had no bank account, yet the law required the transaction to run through a bank account so that the State could ascertain the relevant taxes that were due. It had become illegal to simply hand the money over in cash to a man who wanted to sell me his house for a price we had both agreed. In the background, stood a banker and a politician both smiling knowingly as they both profited from a transaction neither had the slightest business in even monitoring or administrating
And so it is - we have become enslaved by a slick machine that will hand out money from a machine at midnight in a foreign town, seduced by online banking that eradicates any personal level of service and demands to know your blood group even if you owe not a brass farthing. In cahoots with our Politicians, bankers have enabled themselves and the State to spy and pry upon our personal wealth, to redistribute via taxes or subsidies what we lawfully earned. To live without the chains of a current account is live as a threat to the system it has taken them half a century to implement - the complete abolition of gold or precious things in favour of numbers pumped into a fiat system of money that make pyramid selling look saintly by comparison.
It is my prediction that within the lives of our children, we will see the first true banking state - quite literally, a nation owned and run publicly by a banking cartel able to raise taxes via crony politicians, extort funds to cover their gambling losses or satisfy their corporate greed for obscene bonuses. Those who choose not to partake of the banking revolution will be marginalized to the status of unemployable hermits, unable to own property or earn salaries, raise families, travel freely or be represented in any form. My little experiment in shunning the services of the banksters tells me we are well down the road of Corporate fiscal slavery already. Remember, as Goethe so eloquently stated a few centuries ago (shortly before Rothschild stated he cared not for who ruled a country as long as he could ruled their money): "there are none so helplessly enslaved as those who believe they are truly free". Enter your PIN number, please, it's time to fight for those who refuse to give up on cash.