China, Digital Coin and the Formerly Foreign Few

Even the most prestigious journals, purporting a global perspective, continue to ask such ludicrous questions as "What can the West offer Chinese Banks"?. They worry that with the current state of western finance, Chinese banks will stick to their domestic market for now rather than use their huge cash reserves to bail out western currencies.

How much longer will the press persist in this silly narrative based on national boundaries and vertical expressions of sovereignty as if they were still a useful framework for understanding human financial affairs.

In this day and age, almost any use of the word 'domestic' when discussing world trends should be challenged.

Take the so-called Arabian Spring for example. It epitomizes the transition away from vertical towards horizontal perceptions of loyalty.

With every passing month, more people are applying this new perspective to the realms of banking and finance and, with it, their awareness of how the current use of money is sucking all the world's wealth upwards into an inverted funnel towards fewer and fewer communities of obscene wealth and privilege.

I would be interested in hearing from any readers of this blog on whether you have already converted some of your personal capital into Bitcoins or some other form of digital currency outside the control of the current banking and insurance conglomerates.

Given the technical proficiency needed to host and administer this emerging alternative, it seems likely that China and other massively productive economies might be the ones to adopt and push digital coin towards critical mass. There is no better way to parley the Arabian Spring into a truly Global Economic Awakening?

Any economy that produces and grows real goods and services, as opposed to he fraudulent virtual derivatives typical of western banking, will have all it needs to begin using digital coin in a disciplined way to value and exchange those same real goods services.

With the vision and nerve to be early adopters, emerging economies could forever step outside the vicious mantra of IMF extortion: "Trap them with compound interest, milk them until endemic default, then transfer ownership to a few ('foreign') friends."

Tahrir Square - Phase 2 - The Wikileaks Narrative

Within days of the start of the so-called Arabian Spring last February, I placed the Tunisian and Egyptian uprisings in the tradition of the Magna Carta, the French Revolution and the earliest stirrings of the 1960s psychedelic awakening.

Other historic clashes have occurred horizontally between clans or nations or alliances, with loyalty expressed vertically in hierarchies of national authority.

During more significant changes in human society, however, including the Arabian Spring of 2011, these vectors are reversed. They expose the propaganda and vested interests of vertical hierarchies and lead to new loyalties running horizontally across borders towards peers and neighbours who share the new insights.

This time, I am fascinated by the reaction of the western press who are themselves subservient to corporate financial hierarchies.

Desperate for a context that edifies their hierarchical masters, they have shamefully appropriated much of the credit for Arabia's awakening by claiming it is almost entirely a consequence of Internet technology and social media software. To hear them talk, the globe has evolved thanks to the tools of horizontal, one-to-one and one-to-many communications that are now undermining the vertical propaganda machines of sovereign political tyrannies.

While seemingly plausible on its face, this view ignores the fact this new horizontal alliance has introduced a unifying theme, an overarching dialectic with which the emerging community identifies and spurs itself into action.

The underlying dialectic of the Arabian Spring is spreading wildly, "going viral" to use the recent jargon, and will soon prove to be global.

The conceptual foder provided by progressives from the Arabian crescent is churning up humanity's self-defining narrative like no other in history.

Our Muslim peers have arrived on the scene bearing a keystone. After centuries of world-wide human conflict across tribal and ethnic boundaries, reinforced with a play-by-play narrative supplied by highly Euro-centric interests, this Arabic-speaking and predominantly Muslim cluster of societies is defying all sovereign hierarchies, including our own, and reaching out horizontally to all who share a ground swell of progressive aspiration.

Embedded in every report emanating from Benghazi and flowing to Beijing, Athens and Washington is an irresistable crescendo of demand for an end to political and journalistic fraud, to be replaced by an establishment of free debate and dignified work. This millenial awakening is exposing the raw core of global financial compounding and its hoarding of humanitiy's resources by a self-serving corporate few.

The new regicide will focus on the industries of global banking and insurance far more than on pharmaceuticals, agriculture, or petroleum.

Which brings us back to the astonishing and inspiring leadership being shown by our Muslim contemporaries in the Arabian crescent.

Of all the major religious orthodoxies, including their most secular heirs, contemporary Islam alone retains a modicum of real admonition against Usury. Neither modern Judaism, Christianity, Buddhism, nor Hinduism, whether secular or religious, focuses on Usury at the core of its analysis and dialectic.

Attention to this single issue of financial vested interest – exacerbated by the massive effects of banking and insurance industry compounding, will soon provide the central dialectic and rallying point of a truly global human revolution.

Exposing the Global Financial Cabal is the only alternate and shared human narrative with enough 'oomph' to overthrow the current tyranny of pharmaceutical, agricultural and petroleum lobbies with their ruthless and subversive military and propaganda instruments.

In a relentless sequence of steps, Venezuela and Cuba will continue to explore a direct exchange of oil-for-doctors that bypasses the currencies of international settlement; the neo-Bolivarian regions of Latin America will continue attempts to hoe a financial and economic row more faithful to the social values of their aboriginal roots and apart from the hegemony of global empire; and someone like the governor of the Central Bank of Nigeria, a modern scholar of Sharia Law, will continue to surprise us by winning the prestigious annual 'Best Banker' award from the Financial Times of London despite his remarkable tendency to tell the truth.

If you care to venture beyond these populist musings of mine into a far more literate equivalent between two of this era's intellectual titans, I recommend you take time to understand the nuances in today's posting from DemocracyNow.org.

Fed up with 'America'.

. They have become a straightjacket on humanity. Not their geography. Not the people. Just the words: 'America' and 'American'.

They are all the more restrictive coming from such a frequently thought-provoking journalist as Fareed Zakaria. I realize he has chosen to work within their borders, but last night he used them as often as the word 'innovation', in a program about, well ... Innovation!

'America' has lost the lead on Innovation to Asia. 'America' has lost the lead in Education to India. 'America' has lost the lead in manufacturing to China. The 'American' dollar will cease to be the world's settlement currency. 'America' is fostering anti-Americanism with its war on terror. 'America' perpetuates organized crime by criminalizing soft drugs. 'America' isn't preparing for global warming. 'America' doesn't get Hugo Chavez's jokes.

I hadn't realized how nauseous this mindset made me feel until I heard George W. Bush stand at ground zero mere hours after 9-11, amidst the legacy of three thousand human beings from all over the globe, and speak to the planet about an attack on 'America'.

What a travesty. What a lost opportunity for humanity to look at ourselves as a community, for a change. Ten years later, the so-called Arabian Spring has come along to awaken us all to those overdue sentiments.

Against all odds, I'm glad to say I saw it coming. Highly unusual for Nahonky. (A North American of undiluted Caucasoid genealogical ancestry.)

Two years ago I discovered Al Jazeera English. I devoured its new look and feel, its bold invitation to view news and information from a global perspective. The relief from relentlessly Eurocentric, northern and western hegemania (sic) was overwhelming. I actually cried sometimes watching Witness, Listening Post, People & Power and Empire. Such an oasis in the media desert we otherwise face in North America.

No more Lou Dobbs! A break in the Blitzer-krieg. A refuge from the shrill staccato of embedded propaganda and pharma-petro-dollar advertising.

By contrast, Al Jazeera deliberately highlighted their low-key tone and matter-of-fact delivery with devastating content and unprecedented honesty. Outright daring. Their deeper intent became obvious when, amidst exclusive broadcasts of the earliest Bin Laden tapes, Al Jazeera's most senior editor was threatened with death for broadcasting the simple question, "How can we possibly aspire to democracy when we aren't even allowed to argue with our own fathers?"

The stage was set. Those who had ears, heard.

That ground breaking thrust in the global public narrative came from the Arabic-speaking crescent of our planet. After more than a century of Euro-centric obsession with national boundaries, ethnic loyalties and inter-ethnic conflict, an arabic-speaking and predominantly Muslim cluster of societies defied all sovereign hierarchies and reached out universally, horizontally, to neighbouring contemporaries who shared this ground swell of aspiration.

I beg of you, Al Jazeera, do not surrender the tone, nor the accent, on which your remarkable trust is based. Do not succumb to the temptation to CNN-ize your presentation during the North American segment of the global broadcast day.

We in North America need to know, viscerally, that we are hearing of the world through Doha, Kuala Lumpur and Lima. Not through London, and not through Laurel. (Maryland)

It is simply too soon for the overly affable 'American' likes of Tony Harris.