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Will Positive Thinking Save the Economy?

By Tracy R. Twyman / Source: Quintessential Publications

So Barack Obama has apparently been reading a book called Animal Spirits by Robert Shiller, about how human psychology affects economics. And according to a propaganda piece from the Financial Times, this book has inspired Obama to approach the economic issues wholly psychologically.

Just as The Secret teaches that you can create personal wealth and success just by thinking positively, Obama is going to try to do the same thing on a macroeconomic scale.

Of course, as I wrote in my book Solomon’s Treasure, the value of money, and thus the health of an economy, does indeed rest solely on people’s belief in it. This is true even more so now that our money is pure fiat currency, with no precious metal backing it, and no direct relationship to the value of gold.

I compared the modern fiat monetary system with the process of alchemy. Turning lead into gold is like turning paper into money, and the Universal Agent or Philosopher’s Stone that makes that transformation possible is human belief. It works both in the economy as a whole, and in one’s personal finances as well, as The Secret purports.

But anyone who has ever tried to utilize The Secret in their personal life will tell you that it’s not so simple. Positive thinking helps power the actions you take to solve your economic problems, and improves your likelihood of success.

But just sitting around meditating on wealth does not manifest it out of thin air, and it is suicidal to ignore major economic problems in your life, hoping that they will go away if you pretend they aren’t there.

The same holds true for our economy as a whole. The President, Bernake, and Geithner are trying to reinflate the bubble that this fake economy has been riding on for decades, with the belief that, if we can just get the consumer confidence index up, people will buy more stuff, and everything can get going again. People will start buying cars and homes and going on vacation and everything else, if he can just inspire them to feel good about the economy. So Obama, Bernake and Geither have now decided to just "declare", by fiat, that the economic recovery has begun. As the FT article states:

Since mid-March President Barack Obama and his team have mounted a sophisticated effort to brighten those “ideas and feelings”, reassuring the nation with “glimmers of hope across the economy” and the assertion that “we’re starting to see progress”.

And of course, Bernake told Congress a couple of days that the economy had “reached the bottom.” I guess he would know, since he’s the one pulling the strings.

Even the Financial Times itself seems to be doing a psyop on its readers in this article, trying to convince us that Barack Obama’s positive thinking campaign is actually working to fix the economy. Their evidence for this? Google search results.

Since then Americans have been hearing a decidedly more optimistic vibe from Washington. It has seemed to work. A Google search for the term “economic recovery” turned up 6,991 references to the term in January and 7,831 in February. In the first week of May the phrase occurred 24,443 times.

So because the term “economic recovery” is used in an increasing number of blog posts, that means there actually is an economic recovery? I’ve used the the term several times in this article, but that doesn’t mean I’ve drunk the Kool-Aid on this. And of course the longer a term stays in use, the more it is going to be repeated on various websites, including websites that are just automatic clones of other websites made by robots. The science of counting Google searches is also partially what led to prediction that this swine flu outbreak would wipe out civilization, when it has so far only killed a couple dozen people.

In reality, the millions of people without income who have lost their jobs are not going to be able to buy houses and cars, no matter how upbeat their attitude is. And the millions of people who have had their credit ruined by this economy aren’t going to be able to buy them either, unless the prices of houses and cars are allowed to fall to the point where people can actually afford to pay for them outright instead of taking out a loan. I believe that the “real” price of these things, underneath the fake bubble, would indeed drop to something affordable if the government would stop propping these industries up.

But that’s not the kind of economic recovery Our Masters want. Because it’s not so important that we actually have houses and cars. They couldn’t care less about that, which is why the government is financing programs to buy up and destroy used cars, so that people are forced to buy new ones, and to bulldoze foreclosed homes, to increase the value of other housing overall. It’s not about the house or the car. It’s about getting us to take out loans for houses and cars.

The banks, who are in control of this government and this fake “economic recovery,” don’t care if we can actually afford to buy these things. What matters is making loans, because every loan is the creation of money (debt) out of nothing, which they can then resell to other financial institutions, who will in turn make more money out of nothing by selling derivatives and insurance based on that loan.

And if you can’t afford to pay your loan off, so much the better. Then they can repossess your house or car, sell it to someone else, and start the process all over again. You’re out all the money you paid into the loan, and you have no house or car, and now your credit’s ruined, so you can never have a house or a car again, and you can’t even rent an apartment most places, and you will be discriminated against when you apply for a job. But they got what they wanted, so they’re happy.

Positive thinking CAN help save this economy, but only in conjunction with positive actions. We need monetary reform. I’m not suggesting the total rigidity of a purely gold-backed system, or the total end to fractional reserve lending. But we do need to increase the banks’ reserve ratios dramatically in my opinion, More importantly, we need for there to be some relationship between the money we use and the value of gold.

Since the creation of the Federal Reserve in 1913, the dollar has declined in value to be worth roughly 1 percent of what it was at that time. A big blow to the value of the dollar occurred in the 30s when during the Roosevelt administration the dollar was taken off of the gold standard, so that he could expand the money supply to pay for spending programs to try to stimulate the depressed economy.

Yet there was still an implicit relationship between the dollar and gold, called the “gold window,” which allowed banks holding American dollars throughout the world to exchange those dollars for gold at any time. But during the Nixon administration the gold window was closed. It was after this devastating move that the majority of the dollar’s value has been lost.

In my opinion, the only way to bolster our money would be to bring it back into a relationship with gold. Just a little bit of gold backing could go a long way. Once again, I come back to the metaphor of alchemy. According to many of the alchemists of the past, a tiny “mustard seed” of real gold is used, which is multiplied through the alchemical process, like Christ multiplying the loaves and fishes. As Masonic scholar Albert Pike wrote on the topic of alchemy in his book Morals and Dogma:

…to make gold, we must first have gold. Nothing is made out of nothing; we do not absolutely create wealth; we increase and multiply it.

I believe that with a tiny mustard seed of gold backing, we could begin to stabilize the value of our money. That is the FIRST STEP of any economic recovery. Then we can look into further reform of monetary policy and banking regulations, and also work towards bringing back our manufacturing base. But before we even bother trying to “create or save” jobs, we have to make sure that money those workers are paid is actually worth something.

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