Monetary Control

Achieving direct control over the monetary system is a gargantuan task that requires a consistent undertaking by several succeeding generations of powerful and dedicated planners. Every aspect of the system would have to be centralized to enable control by a single group. The authority of the currency itself would have to outweigh any external measurement or standard by which it is judged. For example, in the case of US currency, a gold standard would have to be abolished so that the ultimate value of the currency became a total and consistent reflection of decisions made by the controllers without regard to external influence. In other words, the value of the currency would be determined solely by the wants and intentions of the controllers through use of inflationary or deflationary measures.

The practice of control

Control of the monetary system would enable the controllers to determine the cost of goods and services - allowing them to manipulate the public’s access to them. Still, this would be done indirectly. For example, rather than pass a law, to be enforced by brutal tactics, stating that 99% of the population could no longer own homes, the controllers could instead raise the cost of buying a home to one billion dollars – a price that few could afford. Likewise rather than risk offense, by passing a law stating that 25% of the population must starve themselves into extinction at once, the controllers could raise the cost of food staples to prices that some could not afford. The results are indistinguishable.
The controllers could accomplish this by flooding the market with money and cheap credit (to raise prices and indebtedness) and then raising interest rates and cutting off the money supply (to gather up the money). The result would be less money and more indebtedness. The populace would be stuck paying for yesterday’s high prices with today’s scarcity of funds at a rate of interest that made financial recovery nearly impossible.
Of course, if this were done overnight, mass riots would ensue. This is a process that may only be achieved with a slow and steady hand carried forward across several generations.
In the final stages, when the financial sleight of hand becomes apparent and the populace becomes incensed, the police state must be functioning at an optimum level to ensure that mass retribution is rendered impotent.
What we are talking about is the gradual lowering of the standard of living until death is achieved for a majority. This may be accomplished by raising prices, lowering incomes, and increasing indebtedness. A continuous combination of these three tactics is preferable to any dramatic rise in one category, for obvious reasons.