Everyone agrees that the traditional banking industry is dying.
What was once "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money," is now a withered husk.1 It appears that the vampire squid of traditional banking has made a fatal mistake. It stuck its blood funnel into so many aspects of civilisation that it is now feasting on its own body. Like a kidney dialysis machine with its output pipe fed directly back into its input pipe. Soon everything will explode.
Two very recent events strike me as significant in portending the imminent death of what we once knew as banks.
The first is India's public demonstration that its government was able to abolish 86 percent of cash in circulation in the country on a whim. This made something clear to anyone who was uncertain about things: All paper money (fiat currency) is owned by governments; not by the citizens who appear to hold the banknotes.
Suddenly, all over India, the 500 and 1,000 rupee notes were abolished in a process the government called (sarcastically, perhaps) 'demonetization'.
The second interesting event portending the end of traditional banking was the recent freezing of multiple Bitcoin exchanges in China.
As the French philosopher Jean Baudrillard observed in The Agony of Power, "A wall is always suicidal: As soon as communism raised the Berlin Wall, it was virtually lost. It could only crumble in the end like the wall that it erected against itself". In other words, China's constructions of defensive walls against Bitcoin is evidence of the imminent collapse of the thing that is being defended: Fiat currency and The Banks.
These events, both of them instigated by governments under the auspices of preventing 'fraud', are just two examples among hundreds that history will reflect on as the tiny cracks in the dam before it burst. There is now an accelerated understanding growing across our planet. We are beginning to understand that the corrupt financial industries are the life-blood of the corrupt power systems. In short: Money feeds the vampire squid. And the vampire squid feeds the corrupt and 'powerful'.
So, how do we accelerate the vampire squid's death? How do we exit the blood-funnel cycle on a personal level?
On one level, we don't have to exit. The system is exiting us. It's on the edge of total collapse.
But, if we want to accelerate this change, or avoid being dragged down with the squid in its death throes, then first we must recognise that fiat currencies are actually debt-vouchers dispensed by the vampire squid and its masters.
So, we can choose to stop using debt-vouchers with the vampire squid's logo on it.
Slowly, people are beginning to realise that public protest, political debate, and voting systems are all distractions. All relatively hopeless sideshow stalls designed to lead us on a pathway to self-exhaustion. Now, many eyes are turning to probe the true vulnerability of abusive power-structures: Monetary systems.
Many eyes now are looking curiously at the big power-cable that runs from the neon fairground of what we call "Mainstream Media", looping down into the vampire squid's feeding chambers, and then down into the towns and villages. This power cable appears to have a logo printed along its plastic sheath.
Let's take a look at what the logo is. My god, it's the Dollar! And the Pound! And the Euro!
And so, in the spirit of many things I've done this year, I personally can no longer support this vampire squid. I'm leaving the banks and their perverse debt-creation systems.
I claimed to be for gender-equality, the well-being of spaceship Earth, the rights of the disadvantaged, and the welfare of children. But all this time I was pouring fresh fluid into the blood-funnel of the vampire squid. Well, no fucking more. I quit the banks and I'm moving almost entirely into cryptocurrencies like Bitcoin.
I can no longer protest power with one hand while endorsing it with the other.
For me, to use a traditional bank is to support the circulatory system of everything I object to in the world. So, I'm unplugging myself from this horrible machine just before it explodes.
1 Rolling Stone magazine's famous description of Goldman Sachs. http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405