GUEST COLUMN: Finance, Community Creation, Citizenship – Calexico Chronicle

Recently, while browsing YouTube as usual (wonky word; love it!), I couldn’t help but click on another interesting interview with economist, professor Michael Hudson.

The man’s wisdom and breadth of knowledge in all things economic seem to have few peers. He has written, in the end, 18 books, not to mention finance, geopolitics, macro economics, economic history and banking, etc.

I started reading a few in order to gain a deeper understanding of economics and politics, both fascinating topics, not to mention important issues if one wishes to navigate the modern world and understand American policy. abroad and at home.

In a recent interview, a good professor explained the theory of the origin of countries and how they came into being because of the bankers’ plans.

In ancient times, kings and princes used to borrow money to fight. Wars, soldiers and supplies cost a lot of money. The analysis of the headlines of how much the US “lends” to Ukraine in the US proxy war against Russia should scare the average citizen. Billions to kill Russians and Ukrainians, but little, if any, to shelter or feed the homeless in the US. Or even the college teaches our youth. So much for national priorities.

But I’m wrong.

Back in the 15th century, the Pope encouraged bankers to lend money to European kings so that these kings could fight wars on behalf of the Church against other churches in Christendom. The bankers expected to be reimbursed from the rents of the confiscated lands, not to mention the treasures taken from the defeated kings.

The problem would be when the princes were able to pay their debts or refused, due to the fact that as individuals they did not have much land that served as collateral.

Following his warning from Italy’s city-states, whose citizens voted in favor of lending to the bankers and pledging their limited land and low wages, the Pope urged the city-states to merge with other city-states, grow and merge into large geographical areas. Together they become “financial conditions,” nations.

Thus, with many farms and fields and the incomes of hundreds of thousands of “citizens” – there, real collateral – to pay debts, “nations” came into existence. Square kilometers of fertile land, taxes taken from hundreds of thousands of citizens could now be held as collateral by the king and the “representative” parliament. What a victory for the king, not to mention the benefits of the banking group!

What’s not to love about an “expanded” nation state, its wealth ready to be siphoned off for whatever reason the crown and the elites and their banking cronies wished?!

What’s not to like about the “new and improved” information brainwashed into the minds of millions of confused, confused, identity-seeking people?!

See again

You are no longer a Munichite, a Berliner, a Bavarian. You are now “German!” You are no longer a Virginian, a Texan, a Californian. You they “America.” You are no longer a Brawleyite, a Calexican, a Holtvillite; you are a “citizen of the US” and you will payment Those loans “made in your name,” used for who-knows-what risky project against your will because you never took part in such decisions…

And is full participation in decision-making a sign of equality, a sign of democracy? The real meaning of freedom?

That’s right.

Live well.

Carlos Acuña of El Centro is a lawyer.