His Majesty Albert II, King of the Belgians, is calling for a more ethical economy in his annual National Day speech. (1)

Yes, the unexamined life is not worth living, said Socrates.

The present crisis is due to irredeemable, at least unbacked, paper money and fractional-reserve banking. (2)

These questions are in urgent need of examination.

As His Majesty said, especially in the (unofficial, I think) German translation, ethics is failing.

The present system is fraudulent
and “fraus omnia corrumpit” (fraud negates everything).
If even lawyers accept this principle, ethics must also accept it.

Of course, there are no more standards defining what is money,
nor standards saying how much money central and not-central banks can criminally create out of thin air.

The unexamined life is not worth living.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Belgian King Albert calls for more ethical economy
Associated Press
2009-07-20 10:09 PM    
http://www.etaiwannews.com/etn/news_content.php?id=1008605&lang=eng_news
King Albert II is calling for an end to greedy speculation and a return to family values in his annual National Day speech.
Albert wants lessons to be learned from the economic crisis. He called on his government and other international organizations to reform controls on financial markets and bolster education and training to create more jobs.
The king suggested citizens should “raise questions over the increasing materialism” in society. He called on Belgians to “put more importance on family values, solidarity and respect for others.”
The monarch addressed the country in his traditional eve of National Day celebrations Monday. A military parade, concerts and fireworks are planned Tuesday to mark Belgium’s independence from the Netherlands in 1830.

(2)
irredeemable digital liquidity & fractional-reserve banking are fraudulent – Let the system collapse now!
http://bphouse.com/honest_money/worthless-digital-liquidity-and-fractional-reserve-banking-are-fraudulent-%e2%80%93-let-the-system-collapse-now/

TEXT OF THE ADDRESS

GERMAN
http://brf.be/nachrichten/top/koenig-albert-plaediert-fuer-ethik-im-finanzsektor
SNIP
Das erste Gebiet, auf dem wir reagieren müssen, ist die Ethik. Die Krise ist größtenteils der fehlenden Ethik zuzuschreiben.

FRENCH
http://www.lalibre.be/actu/belgique/article/517512/discours-de-sa-majeste-le-roi-a-l-occasion-de-la-fete-nationale.html
SNIP
Il me semble qu’un premier domaine où nous devons réagir est celui de l’éthique. La crise a été en bonne partie causée par l’absence d’éthique.

DUTCH
http://www.standaard.be/Artikel/Detail.aspx?artikelId=DMF20090720_016
SNIP
Het komt me voor dat de ethiek een eerste gebied is waar we actie moeten voeren. De crisis is grotendeels toe te schrijven aan het gebrek aan ethiek.