Ethics, Government Service and the Federal Reserve

As was discussed in , ethics is designed to provide a philosophic content for living in accordance with the movement towards self-optimization.  Happiness is the designation given to the universal purpose of human life.   The ultimate goal of all of our lives may be to become optimized so we can transform ourselves and realize who we really are.  The principles of knowing, thinking and loving, the commitment to truth, the responsibility of thinking (not being thought) and the act of giving are some of the principles of an ethical life.  All these should be actively present in the spiritual and intellectual organization of each human being in order to achieve true happiness."

Believe it or not, back in 1958, the House and Senate of the United States drafted and unanimously approved a Code Of Ethics that "should" be adhered to by all government employees, including all office holders (all of whom signed this as a pledge). 

CODE OF ETHICS FOR GOVERNMENT SERVICE

Any person in Government service should:

1)  Put loyalty to the highest principals and to country above loyalty to Government  persons, party, or department.

2)  Uphold the Constitution, laws, and legal regulations of the United States and of all governments therein and never be a party to their evasion.

 3)  Give a full day's labor for a full day's pay;  giving to the performance of his duties, his earnest effort and best thought.

 4)  Seek to find and employ more efficient and economical ways to getting tasks completed.

 5)  Never discriminate unfairly by the dispensing of special favors or privileges to anyone, whether for remuneration or not;  and never accept for himself or his family, favors or benefits under circumstances which might be construed by reasonable persons as influencing the performance of his governmental duties.

 6)  Make no private promises of any kind binding upon the duties of office, since a Government employee has no private word which can be binding on public duty.

 7)  Engage in no business with the Government, either directly or indirectly which is inconsistent with the conscientious performance of his governmental duties.

8)  Never use any information coming to him confidentially in the performance of governmental duties as a means for making private profit.

9)  Expose corruption wherever discovered.

10)  Uphold these principles, ever conscious that public office is a  public trust.

(SOURCE:  U.S. HOUSE OF REPRESENTATIVES ETHICS COMMITTEE, 1958)

_________________________

We are all endowed with the potential for thinking, knowing and love (with few exceptions that have medical and mental health issues)  We are able to make a commitment to truth and perform the act of giving through the Law of Balance.  We can create visions of higher possibilities for ourselves and our communities.  We are all capable of living an ethical life, that includes our government and corporate "leaders".  So what are some of the ways that lead to unethical actions, actions that are about to destroy what was once the greatest country in the world ( In my opinion, it still is, but if we don't make some serious changes soon, it won't be)  The biggest problem with ethics in government and big business is, and probably always will be,  the misuse of money.

 I was recently reading a book entitled The Struggle For Your Mind, Conscious Evolution And The Battle To Control How We Think.  Dr. Kingsley Dennis, the author, states "Money is an illusion”.  EXAMPLE:

 "An individual goes to a bank with $1,000 and deposits it into an account.  The person now has a $1,000 asset in storage.  The bank has a $1,000 legal responsibility for custodianship.  The rules of bank accountability allow each bank to loan out a portion of this money that they have on deposit, usually around ninety percent (90%)  Since most banks keep a very small fraction of their actual deposits in reserve (fractional banking) they can now start making lucrative financial deals because they make no money just storing your money, with the exceptions of service charges and interest on debt.  These "deals" operate through merchant and investment banking.  They deal with high level business and private equity firms, and with underwriting and securities.  A more common type of banking is commercial banking.  

So, our initial deposit of $1,000 provides $900 to another borrower.  This $900 is now in circulation and may get passed on to another person as payment for a debt, which may then be deposited in a commercial bank.  This $900 deposit can then be loaned out again for $810.  If the bank receives this $810  from another person it can again loan our $729.  Now the initial $1,000 deposit has turned into $10,000, as an example.  However, only $1,000 is actually held in reserve by the initial bank.  The $10,000 may be held in various accounts and is money "created" out of the original $1,000.  It is very real as far as purchasing power, but it represents $9,000 in debt.  It was all loaned into existence without ever having been created.  This new wealth creation doesn't exist as physical money.  If there were to be a run on the bank it could only repay the original $1,000 and then have to file for bankruptcy.  In reality, each depositor in any bank has access to their money as long as everyone doesn't ask for it at the same time and they don't default on their loans.  Sound familiar?  In addition, interest still has to be paid with each loan.  More money needs to be paid back than originally exists.

 Money growth is a process of debt accumulation, hence, the world debt bubble.  Bank credit is money "loaned into existence."  Thus, a debt upon which further debt (interest) must be paid.  The second type of money creation comes from central banks which have the exclusive authority to lend (print) money which is then exchanged for government debt.  The central bank, for each nation, has the sole monopoly on creating currency as legal tender.  Spending and money in circulation is backed, yet again, by debt.  The majority of central banks in the world are independently and privately owned, beyond political interference.  Money creation, government debt, and private debt are all under the authority of private institutions."  Some may disagree but I feel that this is ethics at its worst.  Now you know why the economy has the potential of collapse.  If you read the book AFTERSHOCK, mentioned in my last blog, you will know why a collapse is imminent unless a BIG rabbit is pulled out of a BIG hat. This did not have to happen if we would have continued on the Gold Standard which gave our currency value.  Creating money our of thin air, in my opinion, does not seem to be the most ethical thing to do.  If those who print it (THE FED) really cared about the citizens that are affected by it they would stop it.  Be prepared for QE3! 

 If you would like to learn more about the Federal Reserve, may I suggest reading the book The Creature From Jekyll Island: A Second Look at The Federal Reserve by Edward Griffin.  The  last time I checked it was out of stock on Amazon (really?).  Apple has a summary of the book available for $9.99, but it has bad reviews.

In conclusion, under the principle of Justice, there is something called the Law of Balance.  It is not only responsible for the operation of our universe, but is especially important when dealing with principles of ethics.  It states that  "Every action is simultaneously balanced by an equal and opposite reaction, and sequentially repeated in reverse polarity."  (Walter Russell)  There is a just consequence to all of our thinking, speaking and actions. Our government and business leaders at all levels need to realize this in order to correct the course our country is on.  I would also, respectfully, urge you to purchase the book The Struggle For Your Mind by Kingsley Dennis.  You will be able to get a good idea of why all the chaos is happening.

 In my next blog I will continue the investigation of the unethical creation of money and its consequences.  The misuse of money by the Federal Reserve and our government officials is leading The United States of America into a potential bankruptcy (Available May 22, 2012) within just a few years.

Thank you for reading and thank you to Yasuhiko Kimura for your words of wisdom that help with the creation of this blog.