Is Time Money ?

Are Malaysians truly gluttons for punishment? 

Reading the latest DOS (Department of Statistic- http://www.statistics.gov.my) figures on Inflationary movements and Consumer Price Index increases reminds me of the analogy of the 5 blind men who were asked to describe the size of an elephant.

Because all of them were lead to touch different parts of the same elephant, all 5 assumed only their version of what an elephant was, was correct- based on the parts of the elephant they were allowed to touch.

Of course, in truth, we all know the real appearance of an elephant was very different.

It was also much bigger.   So, what am I babbling about?

Let’s take the most fundamental issue at hand today (to most Malaysians) in reconciling that above statement.  

Let’s talk about money. Money as an instrument can be issued as income, as debt and as collateral.

Most people think of money as simply a medium of exchange that makes economic transactions more convenient, but the truth is that it is much more than that.  Money is also a form of social control. 

Governments and corporations use money to regulate our daily lives. They use credit ratings to indicate your ''position'' in life through their absolute control of the financial system.

Just think about it.  We spend a great deal of our lives pursuing the almighty ringgit, and there are literally millions of laws, rules and regulations about how we earn our money, about how we spend our money and about how much of our income is taxed by the government. 

So far, so good. Money is not a bad thing in itself.  It helps regulate our lives and gives us hope and ambition. Without money, it would be really hard to have a modern society. 

Unfortunately, our money is also based on debt, and personal debt levels in this country have exploded to absolutely unprecedented levels in recent years.  These are not based just on my remarks but based on Bank Negara reports.

The borrower is the servant of the lender, and if you are like most people, nearly every major purchase that you make in your life is going to involve debt.  Do you want to get a marketable skill / education so that you can get a "good job"?   You are told to get a student loan. 

Do you want a car?  You are encouraged to get an auto loan and to stretch out the payments for as long as possible.   Do you want  to buy a house?  You going to end up with a big fat mortgage. 

The cold, hard truth of the matter is that most Malaysians are debt slaves. 

See the poverty level in between races circa 1999-2009 -@under ''KAUM''

Most of us spend our entire lives trapped in an endless cycle of debt that we never escape until we die, and meanwhile our years of hard labor are greatly enriching those who own our debts.

Another caption that delineates the poverty level disparity between Indians and others in Melaka

What I mean to say is that:

The rules have been changing lately, in case you did not notice it. 

Take the concept of making or working for money, for instance.

Once upon a time, my fore fathers who were south Indian coolies were transported here to Malaya by the British to work in the plantations and farms. In return for their labor, they were accorded the privilege of an estate community, living quarters and toddy, away from the prying eyes of whatever it was these individuals were trying to escape back in their homelands. 

This form of ''supervised living'' resulted in them going into indentured living or debt bondage with the plantation owners. 

Which resulted in generations of people enslaved to the plantation style of living, and being at the whims and fancy of the plantation owners-their owners and bosses.

I see this happening all over again here in Malaysia. Only this time, we are indebted to the Banks, Credit companies and Ah Longs of this new world. (The leasing & finance companies or even those loan providing companies that are licensed by our very own Bank Negara). 

The problem you see is that they all follow the time honored system of using ‘interest charges’ to enslave us.

‘’They’’ are the reality of our present world. The investment firms and insurance companies and their share holders are the elites who own your life, who get every last dollar you make.

This should put the term “slaves to the system” in perspective. This is a new form of indentured living.

A new government endorsed ''KANGANI'' system (supervision system)' if you will.

Everything is owned by a few elite monopolies. What if your bank was a subsidiary of a parent company that owned not only your mortgage-lender, but also your health-insurance company, power-company, water, sanitation and even telecommunications-company, & food-supply distribution companies.  All these are listed companies. You just need money to have controlling share of their boards of governors.

What if they also made a killing out of the import business, selling you all kinds of goods that you don’t need and that took away the jobs that you do?

What if they also owned the news and media that you watch and the entertainment-industry that keeps you distracted from seeing what they’re really doing to you?

I believe all this news about countries and banks going broke is an illusion. It is an attempt to incite more troubles across nations so the shysters can come in later to control and ‘liberate’ the marginalized and the poor. Problems that they created and caused.

Let me explain.

The concept of time backed by labor / effort is money is correct.

But '' interest ''charged backed by the ticking of a clock isn't.

It’s usury (riba) and creates money out of thin air.

For example, should you take out a 30-year $100,000 mortgage at 4-percent interest this month, then in the first year, the mortgagee pays approximately $1760 toward the principal-real amount and gives $3968 to usury-time.

This hardly seems fair, but they've convinced us this is how business works, in this “one for you and two for me” scheme.

In reality, this thing they call time based interest steals money, because the interest-clock ticks away every second of every day. The catch phrase “time is money” is a great way for ruthless, “entitled-to-your-money” people to sleep at night.

It’s a mantra for the financially insane, who think they deserve the wealth, because they one upped you. Who really deserves that $3968 interest installment?

‘’The Financial Institutions because they took the risk of borrowing to you’’ they say.

They are now using risk as a factor to bluff you.  Risk is only a factor when you think on an individual level …not on a societal level. 

We are a society of men and not just individuals.

You may think, “That’s just the way the banks operate and they've got to make money.” 

Well, they do take money. 

If you put $100 in your savings account, they loan out $90 of it with their “fractional reserve” hocus-pocus-fraud in a “now you have it, now you don’t” scheme, because banks make engineered bad investments. 

They know where the money goes, just like the magicians know where the rabbit goes. .. you do not.  

Remove time based usury (perpetual interest charging) as a factor and the debt can be managed. 

Your loan charges from the banks and financial Institutions are a cheating game.

These banks are fine being filthy rich, along with their thug politicians supporters, while fraudulently bankrupting entire countries and impoverishing millions in a “time is money” interest scheme, using their policy-enforcers, aka the Financial System, to enforce their insane policies.

They are getting away with crimes against humanity, as millions become homeless and evicted, while an entire generation of people suffer.  If you do not understand what I’m expounding here, you’re still going to hold onto the idea that banks need to charge interest to make money, because that’s all you know, or have been told.

Perhaps you think you need to earn interest on your money to keep up with inflation, when the reality is that the interest causes the inflation and you can never catch up, because the system owners take their cut, meaning that the interest will never equal the inflation.

From my personal observations, many Malaysian Indian families are suffering without realizing the reason for their low income, high despair life. Dig a little deeper into their generational under achievements and lack of educational propensity and you discover some stark facts:

·               High level of poverty is because there’s only a single earner in a family,  (normally a women doing menial job);

·               Lack of savings and a clear lack of ability to save;

·               Their debt equals a quarter of their income in monthly  repayments;

·               43% of income goes on essentials - transport, food, rental, etc

Having no interest/usury means stable prices and that your savings will buy the same in 50 years as the day you saved it.

Banks create money and plug digital numbers as journal entries. There is no security or labor backing to the interest-component of this computerized system.

I ask you to ponder on this, my friends. Why can’t financial and trend experts develop a plan for the benefit of all? Instead of being a peacock in front of a camera, explaining or interpreting the insanity, they could use their intellect to help reset the system, instead of supporting it with their mind-boggling analysis.

They've orchestrated all this misery on purpose to do just that.

They have never saved the day.

By the way, the world isn't in Debt, because time isn't money.

It’s time to remind everyone that usury is against God’s Law, and it was forbidden, and still is.

It absolutely goes against the Commandments of “Love Thy Neighbor” and “Do Not Steal”.

God knew the injustice of this system & forbade it, and warned against it: If thou lend money to [any of] My people [that is] poor compared to thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury (Exodus 22:25).

There are many references in the Bible and Quran about how usury (interest) is against the Law.

This market-money beast system is a time bomb. If you don’t think it’s coming to an end, you are dead wrong.

But think what good we could do by diffusing it, instead of letting it explode, by changing it for EVERYONE. Will we do it?

Time will tell.