Introduction - Summarizing Outline 8:26
- Commerce tries to replace two economic laws which already govern the physical universe:
- There are 2 credit-and-debt creeds that block our awareness of these truths yet point to these truths:
- The Creed of Money
- The creed of religion.
This is what I want to demonstrate, that both money and religion are belief systems.
My Personal Experience of Economic Principles
Realizing a Mysticism of Gift Economy
Re-Facing Commercial Economy
Realizing the Giver is the Receiver & the Receiver is the Giver 4:38
What is Credit - What is Debt? 7:03
Justice vs Grace 8:52
Then there's Grace: unmerited favor, forgiveness, and gift economy. Here's where we envision, like in the Christian tradition, the Madonna and child, Mary and Jesus. Grace.
The other party is saying, “We have too much justice. We need more grace.
The Justice faction: trade economy, credit and debt, greater military, greater prison system. “We want more justice because too many people are getting by with too much.
The Reformation was Martin Luther's big Epiphany.
Same thing with Buddhism. The Buddha was reacting to a system of too much justice, too much emphasis on karmic cycles. And we can transcend that. And that was the old Hinduism.
Religious Reformers: Reinstating Grace
Jesus was a reaction against the hardcore legalism of Judaism and he was bringing out the concepts of Grace that were already there.
Now it's almost like Catholicism and protestantism have switch roles again. In evangelical, fundamentalist protestantism there’s a hard emphasis on legalism and hardcore justice, pretty much for everybody else, but for ourselves, grace. That’s the catch.
Everything is Already Paid For: Newton’s Third Law of Physics 13:04
And we're in a society where we believe that payment is delayed. We’ve lost touch with knowing ourselves. But this is called conscience. That's all this. This is our conscience. It's like when I do something and I know that it's not truthful, or it’s harmful, and I do it anyway. I immediately suffer the consequences in my psyche. We all know this but we covered up. And it's a cover-up that's got a whole society playing games.
Delayed Payment: Lending It Forward
The Big Banker in the Sky 17:04
The Sun 17:48
Now look at the sun. The sun is providing all of the energy for this. All of it! The sun is what’s providing the energy to run this computer, in our bodies, in these lights.
The sun, also, is running out like everything else. There's nothing that’s permanent. The sun also follows cycles and on and on, into the galaxies.
Cycles of Life: Instantaneous Repayment + Delayed Repayment
But here is what I realized on the road, accepting charity:
There's an equal and opposite circle going this way [red arrows going counter-clockwise]. See, in our system, we consider it the domesticated, recessive receiver. You'll notice there's an obvious male and female thing going on here. The giver and the receiver. Look at the receptive. In our thinking we tend to look down on the receptive because we see only ourselves as the giver. We don't recognize the equal and opposite gift that’s being given back to us by the receptive.
This is what we see right here. There's something going around in the circle: the hand helps the foot and the hand will eventually receive a reward in the pay-it-forward system; yet, at the same time, both are receiving the same reward exactly simultaneously. It’s one thing!
The gift economy of all the air you breathe.
We don’t stop think about this. The atmosphere is 100% communal, one breath, enabling both the just and the unjust.
now we're going to get into the first law of thermodynamics
The First Law of Thermodynamics 24:00
So, when you look at it this way, nothing is lost in the universe. We're always so worried about loss of energy. But when our consciousness, our mind, is on the whole rather than on just ourselves, we realize that benefit to the Whole is benefit to me. Benefit to me is benefit to the Whole, including my loss of energy to another component in the universe. It’s life and death! It's it's inevitable!
Money is a Creed, Religion is a Creed
Burning the Idol 26:38
“[Without money incentive] You or I could catch all the fish we could ever eat, cut all the trees we could ever use, kill all the animals whose skins we could wear, and we still would not destroy the planet. Or rather, we could kill all that is given to us only so willingly as we give back. What the hell use would it be or me to overfish..? Why would I possibly take every fish? They would rot. It makes more sense to leave them so I can come back next week or next year, or never.
“If none of the...fish could be converted to cash, no sane people would ever want to kill so many, which is itself powerful support for the thesis that our economic system makes us crazy, or at least manifests prior insanity, or both."
--The Derrick, A Language Older Than Words
Every Creed is Based on At Least a Facsimile of Truth
This further demonstrates:
If credit is belief in the head, debt is also a belief in the head. 31:39
Basically, the problems in our society are that we are enslaved or beliefs. And that's what I want to show with this credit and debt system.
Where does the word money come from? I really want to show here, money is a religion.
Our word money comes from the Roman goddess Moneta. Juno Moneta was a Roman goddess, and at the very center of Rome is her Temple. This Temple of Juno Moneta was the mint. Moneta is where words mint and money comes from. Moneta. The goddess Moneta. Money. This was her Temple, and this temple you can see in ruins today. And there's a church also built upon these grounds, the Church of Santa Maria in Araceli in Rome. This is the coin moneta. This is the first money. Well, there were coins before this, but this was the first time it was called money. Monetary. Money. And it was considered sacred, so it was minted right in the temple.
The Facsimile of Truth Behind the Creed of Capitalism
The god called the Invisible Hand of the Free Market 35:25
The Facsimile of Truth behind Free Market Philosophy 36:06
This actually is based on some profound truths, and I’ve just been talking about them: what is self-interest and what's interest of the whole? Like, what is the difference between the self and whole?
Gift Economy is the Only Laissez-Faire Economy 36:58
Gift economy is the only laissez-faire economy. Laissez-faire means “Let It Be” in French. This is this is the philosophy of “free market.” But I will dare say there's no such thing as a free market. “Free market” is an oxymoron.
The Irony of who worships the “Free” Market
Privatization is Dictatorship
The Facsimile of Truth of Our Religions 40:11
The Truth Behind “Hallelujah” 40:11
Praise to the hand or praise to the whole?
We Are Animals 43:06
Early Christians were communal, against privatization, renouncing self-credit. 45:17
Other world religions testify to this same principle
And as One Soul
raised to life.
God hears All
and sees All.”
The Universal Religious Principle: Giving Up Possession and Self-Credit
and who gives no favor to anyone
for the sake of reward,
but only craving the face
of his Lord most High;
in the end he shall be well pleased!”
the rewards of action.
The person ignorant of yoga,
selfishly attached to reward,
Doing without taking credit,
Guiding without interfering:
This is the Primal Virtue.”
bestowing whatever they have
without hoping for reward,
without seeking honor,
without coveting material benefits,
but only to rescue and safeguard
all living beings.”
The Golden Rule is Not a Commandment 49:01
Christianity Islam, Judaism, Buddhism, Hinduism, Sikhism, Baha'i, Rastafarianism, and the Greeks sages all denounce charging interest. [See https://sites.google.com/site/livingwithoutmoney/Home/what-the-world-s-religions-philosophers-say-about-the-crime-called-banking].Many ancients considered it a crime worse than murder to charge in interest. Imagine that.
The Facsimile of Truth of Usury
So what's the problem with interest? 51:57
The ancient origins of interest, money, fees, feudalism, slavery. 53:19
Banking, Judaism, Anti-Semitism, and the Bible. 54:51
Judaism Strongly Denounces Interest
He who lives by usury in this world shall not live in the world to come. --(Midrash, Exodus Rabba 31).
Yet, There’s a Loophole
You may charge a foreigner interest, but you must not charge your brother interest” (Deuteronomy 23:19-20)
This is something that I've avoided for years. I didn’t want to touch this. This was a perfect set up in the Middle Ages. Jews were very persecuted they weren't allowed to own property. They lived in ghettos, and the church considered them not worthy of owning property or conducting regular business in society.
Now there's this little loophole here. “Okay, Christians aren't allowed to lend money to each other… but we could go to the Jews.” And the Jews agreed. This is only living they were allowed to make. They were living in poverty. But they were given the handover of money. “You may charge a foreigner interest but you must not charge your brother interest.” This set up a system of paranoia and atrocity in Europe and in the whole world that's going on today. Of course, the Jews became wealthy and Christian Europe became resentful because the increasing power of the Jews who originally were in the ghettos.
Getting to the bottom of this problem in the Hebrew Bible.
To a stranger you cause interest*, but to your brother you are not causing interest*…” (Deuteronomy 23:19-20, literal translation)
Jesus refers to this interest “loophole” in the Torah! 1:00:22
Interest & the Laws of Physics 1:07:47
For two strange bodies, separating by distance, there is unequal exchange, energy loss and energy gain between unfamiliar bodies. (See, there’s that pay-it-forward thing. There’s the usury and loss of energy. You can see where these concepts are coming from).
There is equal exchange between familiars.
There is Interest caused between distant strangers.
The Universal Myth of Falling from Grace: Entering Credit & Debt
The World-wide Myth of Stealing Fire from Heaven 1:02:33
The Genesis Serpent Invading Eden 1:04:17
Debt does not exist in the real universe. 1:05:50
"You reap what you sow" or "You reap what others sow": Which is true? 1:06:04
We see both of these principles: We see the idea that everything is paid for in the moment. And we also see that you reap what you sow, payment comes in the future. But which is true?
The conclusion: Falling & Returning to Grace 1:06:46
Lucifer the Arch-Angel's Fall from Heaven 1:07:53
As soon as you're worried about what the other person is getting or not getting, credit and debt, you go out of balance. See, I have a picture of the Ark of the Covenant here. This is symmetry. See, as long as these two angels, they’re called archangels, keep their focus on the center, not on each other, as long as their focus is on the Whole, they're in balance with each other. But as soon as one looks up and worries about the other, and they become in competition, they fall from grace. This is the idea of the Archangel, Lucifer, falling from Heaven, becoming the devil. Suddenly it dawned on me this is what is going on here.
Chuang Tzu's principle of Tai Chi: the Laissez Faire of Nature. 1:08:37
around the circumference.
The pivot of Tao passes through the center
where all affirmations and denials converge.
He who grasps the pivot is at the still-point
from which all movements and oppositions
can be seen in their right relationship.
Hence he sees the limitless possibilities
of both “Yes” and “No.”
Abandoning all thought of imposing a limit or taking sides,
he rests in direct intuition.
The same physics principles governing our bodies are the very principles governing economics. 1:09:56
What system should we replace the money system with? 1:10:26
Basically, people often ask me, “what kind of system do you suggest for replacing the money system?”