Twisted Titan
8th November 2010, 05:20 AM
http://www.runtogold.com/2010/11/fiat-currency-fractional-reserve-banking-conspiracy/
How To Attack The Fiat Currency Fractional Reserve Banking Conspiracy
Usually when conspiracy and money are mentioned in the same sentence most people’s brains automatically shut off at the thought of talking repitles or cloaked figures in dark rooms. While I do not discount talking reptiles, haven’t you seen Gieco’s talking gekko on television, but this broad, deep and complicated article is for those whose brains have not been devoured or turned to mush by conspiring reptiles and will objectively address the fiat legal tender currency and fractional reserve banking conspiracy.
But this conspiracy is far worse than cloaked figures in dark rooms because this is a conspiracy of economics. But what is exciting is that some of the fundamental tectonic plates of economics have begun shifting and what has appeared to the perceptive is actionable, peaceful and extermely effective strategies to harness the ecnomics in favor of the average person’s freedom.
MONEY, ILLUSIONS AND CURRENCY
Currency is usually the most widely used medium of exchange in economic transactions. Currency can be composed of either money, money substitutes or illusions. The only significant element for money is that it must be a tangible asset and throughout history there has been a wide range of substances that functioned as money ranging from seashells to salt and giant stones to the King and Queen of commodities; gold or silver.
Money substitutes are merely certificates for money and a common form were silver or gold certificates that operated as currency in various countries and formed the foundation for terms like Dollar, Franc, Mark, Pound, etc. that have since been redefined as they have become illusions.
Illusions are figments of people’s imagination that, as long as they are accepted, maintain some amount of purchasing power. Illusions are usually represented as ephemeral entries in databases or can take corporeal form as little colored coupons like the Federal Reserve Note Dollar, Euro, Yen, etc. Illusions have no intrinsic value and can become worthless. Their only value is in the mass delusion of people’s imagination that they represent real value.
The main cause of the 2008 financial crisis was the loss of faith in debt denominated in illusions. The real and inevitable financial and economic crisis, which will make 2008 look like a calm Sunday picnic, will be the evaporation of trust in the prima donna fiat legal tender currency illusion and world reserve currency the Federal Reserve Note Dollar, through hyperinflation.
LEGAL TENDER
Fiat currency is a medium of exchange used in commerce that has no intrinsic value but does receive legal privileges. Legal tender laws are used to force one of the exchange partners to accept a payment for debt in a form that is against their will. The market interference acts like a price control and supports the market value for the legal tender.
This is how an intrinsically worthless illusion that is the figment of someone’s imagination gains economic value. Because more people are willing to own these illusions this results in an inflation of the legally privileged currency because it can be produced and held in larger amounts than would otherwise be possible without the price control.
This type of price control has many deletrious effects such as (1) a higher purchasing power for the legally assisted currency, (2) a decline in purchasing power and price of competing currencies because of the lack of demand for cash balances even if they enjoy legal tender status such as the $50 1 ounce American gold eagle, (3) exacerbations of the business cycle due to inaccurate interest rate signals and (4) costly logistical efforts to reduce currency risk by exchanging one medium of exchange for a more reliable substitute.
With these nefarious economic effects it begs the questions: Why are legal-tender laws so frequently undertaken throughout history by monetary organizations? Only two rational answers are possible: (1) ignorant political leadership or (2) brazen villainy.
Many apoligists for The State support the first defense. But since political leaders are often surrounded by court economists and enjoy the services of knowledgeable counselors it only makes sense that they are engaged in brazen villainy with the intent to reap personal profits, export the undervalued currency and reduce the real economic effect of contracted debts, a subtle form of sovereign default.
Legal tender laws allow illusions to function as currency which should be valued like the common stock of the governments. The main source of revenue for governments is confiscation through inflation which is a form of taxation without representation. Legal tender laws eliminate all technical obstacles to an infinite debasement of coins or currency. The governments throughout the world are engaged in quantatitive easing and are acting like penny-stocks with no sustainable or rational business model so the only way to ensure the next paycheck is through massive dilution.
FRACTIONAL RESERVE BANKING
Fractional reserve banking is the practice of accepting demand deposits, deposits that can be demanded at anytime by the depositor, while at the same time lending a fraction of those deposits where the loan repayment cannot be demanded at anytime. Usually depositors become genreal unsecured creditors of the bank.
The result is a mismatch of time horizon between the bank’s assets and liabilities which renders the bank de facto insolvent. Because the bank has deliberately and with specific intent engaged in conduct knowing that it cannot meet its outstanding liabilities therefore it has commited fraud by engaging in the practice of a fractional reserve banking conspiracy.
The reserve ratio is the ratio between demands held by the bank divided by total demand deposits. For example, if deposits are $100 and loans are $85 and there is $15 at the bank then the reserve ratio would be 15%. For a bank to not be engaged in fraud it would have a 100% reserve ratio.
This practice of having a reserve ratio less than one also has an inflationary effect because there usually more total demand deposits and loans than underlying currency. In as much as the debt functions as currency, like Auction Rate Securities, Commercial Paper or Money Market Funds, this has an effect of increasing the currency supply. In aggregate, the liquidity pyramid is increased.
THE FIAT LEGAL TENDER CURRENCY FRACTIONAL RESERVE BANKING CONSPIRACY
One likes to think that one man equals one vote. But if that is the case then why do banks receives trillions of dollars in bailouts while millions of people get evicted from their homes on the basis of fraudulent mortgage documents used in sham forclosure proceedings?
Well, as Eric Schmidt, CEO of Google remarked, “Laws are written by the lobbyists.” The lobbyist industry has grown because as a whole it generates a positive return on investment.
Frank Fetter in the 1904 version of The Principles of Economics made two great insights: (1) “The market is a democracy where every penny gives a right to vote.” (page 395) and (2) “So each is measuring the services of all others, and all are valuing each. It is the democracy of valuation.” (410).
When viewing access to lobbyists and political influence through the lens of economics it becomes apparent that the effect of fractional reserve banking conspiracy and legal tender laws has is to create votes out of nothing which dilutes existing voting power.
Thus fraudulent actors engaged in a fractional reserve banking conspiracy are able to use ill acquired gains from criminal activity of the fractional reserve banking conspiracy to fund lobbying efforts that ex post facto legalize their immoral behavior. This vote inflation through merger of bank and state apportions to bankers many more votes than they would otherwise have in a free society or a society where one man equaled one vote.
The usurer has lent his money to one who takes it of his own free will, and can then enjoy the use of it and relieve his own necessity with it, and what he repays in excess of the principal is determined by free contract between the parties. But a prince, by unnecessary change in the coinage, plainly takes the money of his subjects against their will, because he forbids the older money to pass current, though it is better, and anyone would prefer it to the bad; and then unnecessarily and without any possible advantage to his subjects, he will give them back worse money …. In so farthen as he receives more money than he gives, against and beyond the natural use of money, such gain is equivalent to usury; but is worse than usury because it is less voluntary and more against the will of his subjects, incapable of profiting them, and utterly unnecessary. And since the usurer’s interest is not so excessive, or so generally injurious to the many, as this impost, levied tyrannically and fraudulently, against the interest and against the will of the whole community, I doubt whether it should not rather be termed robbery with violence or fraudulent extortion.
As I quote in chapter three of The Great Credit Contraction Thomas Jefferson wrote:
The [Bank of the United States] is one of the most deadly hostility existing against the principles and form of our Constitution. The nation is, at this time, so strong & united in its sentiments that it cannot be shaken at this moment. But suppose a series of untoward events should occur sufficient to bring into doubt the competency of a republican government to meet a crisis of great danger, or to unhinge the confidence of the people in the public functionaries; an institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation or its regular functionaries.
Because of the unfair, immoral and dangerous consequences vote inflation poses to a free society or system of government the Founding Fathers enacted into law restrictions on legal tender such as Article 1 Section 10 of the United States Constitution that reads ‘No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts’.
In addition they enacted extremely draconian penalties for engaging in activities like treason or quantitative easing which is the debasement of the currency. For example, Section 19 of the 1792 Coinage Act reads:
SEC. 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.
Under Section 3 of the United States Constitution it should be noted that “The Congress shall have power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.” This means that should a person be convicted of treason and executed then Congress may confiscate the property of traitors but that property must be inheritable at the death of the person convicted.
Therefore, the Founding Fathers used gold and silver not as mere commodities but as essential checks and balances in the political machinery. Additionally, they felt so strongly that tampering with these essential checks and balances posed such a threat to the peace and safety of society and government that they prescribed capital punishment as a strong deterrent to engage in these morally hazardous activities. Thus we see that if bankers were receiving the death penalty instead of bailouts then there would be a quick economic recovery and increased standard of living because moral hazard would be greatly reduced and malinvestments quickly liquidated.
INDUSTRIAL AGE VERSUS INFORMATION AGE ECONOMICS OF VIOLENCE
During the Industrial Age the return on investment from engaging in violence was extremely high. For example, a factory, mine, railroad or skyscraper required tremendous amounts of capital for their construction and the barrier to exit was extremely high. This allowed governments or labor to organize and extort the holders of capital through strikes, collective bargaining agreements and other coercisive tactics.
Additionally, the barrier to exit geographically was likewise extremely high. How easy is it to move a mine, factory or skyscraper? This allowed governments or labor, which derive jurisdiction based on geography, to extort holders of capital through regulations, taxes and other legal tender laws. After all, politics is force and force is violence.
But in the Information Age the return on investment from engaging in violence is falling tremendously and in most cases going negative. While some economists would attribute the decline in violent crime to the legalization of abortion, implying that low-income crime destined babies are the majority being aborted, instead I would attribute it to the fact that engaging in violent crime profitably is getting increasingly difficult.
One reason is the cost of protection in the Information Age is so much lower. For example, if someone were to rob you how much valuable stuff will they get and what is the probability that they will be caught? Even nefarious criminals, whether strutting around in costumes or not, perform mental calculations of value to determine whether their behavior will be profitable. One example for why robberies have declined is like that so much less cash is carried while credit or debit cards can be quickly canceled leading to lower expected returns from the behavior.
Another example that illustrates the extreme disparities between protection costs and violence returns is a pure Information Age technology: encryption. TrueCrypt is free and it takes about 10 or 20 seconds to mount and close a volume which then protects your information against snoops, identity thieves or other nefarious individuals. TrueCrypt and Dropbox make a particularly potent duo. What are the costs to access the information against the will of the encryptor?
Sure, even strong encryption like 256-bit AES or Swordfish which meets Department of Defense standards and is used by TrueCrypt can be broken but it requires thousands of dollars worth of resources and lots of time. This creates an expontially expensive curve for the extortionar in terms of both time and money as you can create 100 encrypted volumes for free in less than 10 minutes for every volume that contains actionable useful information and then if someone were to try and access that information without your consent it would cost hundreds of thousands of dollars. Thus, the cost benefit analysis begins to weigh heavily in favor of the individual using encryption. And the more people who use encryption to protect their information against criminals the more likely it is that criminals will look for easier targets.
One result of the high return on investment from violence in the Industrial Age was the greater use of violence. The transition from the Agricutural Age to the Industrial Age, which took about 500 years, led to the rise of tremendously large nation-states that exercised tremendous amounts of violence because it was profitable and the elites needed their capital assets protected.
An unfortunate side-effect of these economics was that during the 20th century the leading non-natural cause of death was governments; Mao, Polpot, Stalin, Lenin, Hitler, Hiroshima, Nagasaki, Vietnam and etc. What do you expect when violence is so profitable?
But there is a new order of the ages that is rising like the sun and requiring the vampire squids that rely on violence to retreat into the increasingly scarce shadows. And unlike the 500 year transition into the Industrial Age we are already 15 years into a 40-50 year transition into the Information Age because of the rapid relentless advance of technology.
How To Attack The Fiat Currency Fractional Reserve Banking Conspiracy
Usually when conspiracy and money are mentioned in the same sentence most people’s brains automatically shut off at the thought of talking repitles or cloaked figures in dark rooms. While I do not discount talking reptiles, haven’t you seen Gieco’s talking gekko on television, but this broad, deep and complicated article is for those whose brains have not been devoured or turned to mush by conspiring reptiles and will objectively address the fiat legal tender currency and fractional reserve banking conspiracy.
But this conspiracy is far worse than cloaked figures in dark rooms because this is a conspiracy of economics. But what is exciting is that some of the fundamental tectonic plates of economics have begun shifting and what has appeared to the perceptive is actionable, peaceful and extermely effective strategies to harness the ecnomics in favor of the average person’s freedom.
MONEY, ILLUSIONS AND CURRENCY
Currency is usually the most widely used medium of exchange in economic transactions. Currency can be composed of either money, money substitutes or illusions. The only significant element for money is that it must be a tangible asset and throughout history there has been a wide range of substances that functioned as money ranging from seashells to salt and giant stones to the King and Queen of commodities; gold or silver.
Money substitutes are merely certificates for money and a common form were silver or gold certificates that operated as currency in various countries and formed the foundation for terms like Dollar, Franc, Mark, Pound, etc. that have since been redefined as they have become illusions.
Illusions are figments of people’s imagination that, as long as they are accepted, maintain some amount of purchasing power. Illusions are usually represented as ephemeral entries in databases or can take corporeal form as little colored coupons like the Federal Reserve Note Dollar, Euro, Yen, etc. Illusions have no intrinsic value and can become worthless. Their only value is in the mass delusion of people’s imagination that they represent real value.
The main cause of the 2008 financial crisis was the loss of faith in debt denominated in illusions. The real and inevitable financial and economic crisis, which will make 2008 look like a calm Sunday picnic, will be the evaporation of trust in the prima donna fiat legal tender currency illusion and world reserve currency the Federal Reserve Note Dollar, through hyperinflation.
LEGAL TENDER
Fiat currency is a medium of exchange used in commerce that has no intrinsic value but does receive legal privileges. Legal tender laws are used to force one of the exchange partners to accept a payment for debt in a form that is against their will. The market interference acts like a price control and supports the market value for the legal tender.
This is how an intrinsically worthless illusion that is the figment of someone’s imagination gains economic value. Because more people are willing to own these illusions this results in an inflation of the legally privileged currency because it can be produced and held in larger amounts than would otherwise be possible without the price control.
This type of price control has many deletrious effects such as (1) a higher purchasing power for the legally assisted currency, (2) a decline in purchasing power and price of competing currencies because of the lack of demand for cash balances even if they enjoy legal tender status such as the $50 1 ounce American gold eagle, (3) exacerbations of the business cycle due to inaccurate interest rate signals and (4) costly logistical efforts to reduce currency risk by exchanging one medium of exchange for a more reliable substitute.
With these nefarious economic effects it begs the questions: Why are legal-tender laws so frequently undertaken throughout history by monetary organizations? Only two rational answers are possible: (1) ignorant political leadership or (2) brazen villainy.
Many apoligists for The State support the first defense. But since political leaders are often surrounded by court economists and enjoy the services of knowledgeable counselors it only makes sense that they are engaged in brazen villainy with the intent to reap personal profits, export the undervalued currency and reduce the real economic effect of contracted debts, a subtle form of sovereign default.
Legal tender laws allow illusions to function as currency which should be valued like the common stock of the governments. The main source of revenue for governments is confiscation through inflation which is a form of taxation without representation. Legal tender laws eliminate all technical obstacles to an infinite debasement of coins or currency. The governments throughout the world are engaged in quantatitive easing and are acting like penny-stocks with no sustainable or rational business model so the only way to ensure the next paycheck is through massive dilution.
FRACTIONAL RESERVE BANKING
Fractional reserve banking is the practice of accepting demand deposits, deposits that can be demanded at anytime by the depositor, while at the same time lending a fraction of those deposits where the loan repayment cannot be demanded at anytime. Usually depositors become genreal unsecured creditors of the bank.
The result is a mismatch of time horizon between the bank’s assets and liabilities which renders the bank de facto insolvent. Because the bank has deliberately and with specific intent engaged in conduct knowing that it cannot meet its outstanding liabilities therefore it has commited fraud by engaging in the practice of a fractional reserve banking conspiracy.
The reserve ratio is the ratio between demands held by the bank divided by total demand deposits. For example, if deposits are $100 and loans are $85 and there is $15 at the bank then the reserve ratio would be 15%. For a bank to not be engaged in fraud it would have a 100% reserve ratio.
This practice of having a reserve ratio less than one also has an inflationary effect because there usually more total demand deposits and loans than underlying currency. In as much as the debt functions as currency, like Auction Rate Securities, Commercial Paper or Money Market Funds, this has an effect of increasing the currency supply. In aggregate, the liquidity pyramid is increased.
THE FIAT LEGAL TENDER CURRENCY FRACTIONAL RESERVE BANKING CONSPIRACY
One likes to think that one man equals one vote. But if that is the case then why do banks receives trillions of dollars in bailouts while millions of people get evicted from their homes on the basis of fraudulent mortgage documents used in sham forclosure proceedings?
Well, as Eric Schmidt, CEO of Google remarked, “Laws are written by the lobbyists.” The lobbyist industry has grown because as a whole it generates a positive return on investment.
Frank Fetter in the 1904 version of The Principles of Economics made two great insights: (1) “The market is a democracy where every penny gives a right to vote.” (page 395) and (2) “So each is measuring the services of all others, and all are valuing each. It is the democracy of valuation.” (410).
When viewing access to lobbyists and political influence through the lens of economics it becomes apparent that the effect of fractional reserve banking conspiracy and legal tender laws has is to create votes out of nothing which dilutes existing voting power.
Thus fraudulent actors engaged in a fractional reserve banking conspiracy are able to use ill acquired gains from criminal activity of the fractional reserve banking conspiracy to fund lobbying efforts that ex post facto legalize their immoral behavior. This vote inflation through merger of bank and state apportions to bankers many more votes than they would otherwise have in a free society or a society where one man equaled one vote.
The usurer has lent his money to one who takes it of his own free will, and can then enjoy the use of it and relieve his own necessity with it, and what he repays in excess of the principal is determined by free contract between the parties. But a prince, by unnecessary change in the coinage, plainly takes the money of his subjects against their will, because he forbids the older money to pass current, though it is better, and anyone would prefer it to the bad; and then unnecessarily and without any possible advantage to his subjects, he will give them back worse money …. In so farthen as he receives more money than he gives, against and beyond the natural use of money, such gain is equivalent to usury; but is worse than usury because it is less voluntary and more against the will of his subjects, incapable of profiting them, and utterly unnecessary. And since the usurer’s interest is not so excessive, or so generally injurious to the many, as this impost, levied tyrannically and fraudulently, against the interest and against the will of the whole community, I doubt whether it should not rather be termed robbery with violence or fraudulent extortion.
As I quote in chapter three of The Great Credit Contraction Thomas Jefferson wrote:
The [Bank of the United States] is one of the most deadly hostility existing against the principles and form of our Constitution. The nation is, at this time, so strong & united in its sentiments that it cannot be shaken at this moment. But suppose a series of untoward events should occur sufficient to bring into doubt the competency of a republican government to meet a crisis of great danger, or to unhinge the confidence of the people in the public functionaries; an institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation or its regular functionaries.
Because of the unfair, immoral and dangerous consequences vote inflation poses to a free society or system of government the Founding Fathers enacted into law restrictions on legal tender such as Article 1 Section 10 of the United States Constitution that reads ‘No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts’.
In addition they enacted extremely draconian penalties for engaging in activities like treason or quantitative easing which is the debasement of the currency. For example, Section 19 of the 1792 Coinage Act reads:
SEC. 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.
Under Section 3 of the United States Constitution it should be noted that “The Congress shall have power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.” This means that should a person be convicted of treason and executed then Congress may confiscate the property of traitors but that property must be inheritable at the death of the person convicted.
Therefore, the Founding Fathers used gold and silver not as mere commodities but as essential checks and balances in the political machinery. Additionally, they felt so strongly that tampering with these essential checks and balances posed such a threat to the peace and safety of society and government that they prescribed capital punishment as a strong deterrent to engage in these morally hazardous activities. Thus we see that if bankers were receiving the death penalty instead of bailouts then there would be a quick economic recovery and increased standard of living because moral hazard would be greatly reduced and malinvestments quickly liquidated.
INDUSTRIAL AGE VERSUS INFORMATION AGE ECONOMICS OF VIOLENCE
During the Industrial Age the return on investment from engaging in violence was extremely high. For example, a factory, mine, railroad or skyscraper required tremendous amounts of capital for their construction and the barrier to exit was extremely high. This allowed governments or labor to organize and extort the holders of capital through strikes, collective bargaining agreements and other coercisive tactics.
Additionally, the barrier to exit geographically was likewise extremely high. How easy is it to move a mine, factory or skyscraper? This allowed governments or labor, which derive jurisdiction based on geography, to extort holders of capital through regulations, taxes and other legal tender laws. After all, politics is force and force is violence.
But in the Information Age the return on investment from engaging in violence is falling tremendously and in most cases going negative. While some economists would attribute the decline in violent crime to the legalization of abortion, implying that low-income crime destined babies are the majority being aborted, instead I would attribute it to the fact that engaging in violent crime profitably is getting increasingly difficult.
One reason is the cost of protection in the Information Age is so much lower. For example, if someone were to rob you how much valuable stuff will they get and what is the probability that they will be caught? Even nefarious criminals, whether strutting around in costumes or not, perform mental calculations of value to determine whether their behavior will be profitable. One example for why robberies have declined is like that so much less cash is carried while credit or debit cards can be quickly canceled leading to lower expected returns from the behavior.
Another example that illustrates the extreme disparities between protection costs and violence returns is a pure Information Age technology: encryption. TrueCrypt is free and it takes about 10 or 20 seconds to mount and close a volume which then protects your information against snoops, identity thieves or other nefarious individuals. TrueCrypt and Dropbox make a particularly potent duo. What are the costs to access the information against the will of the encryptor?
Sure, even strong encryption like 256-bit AES or Swordfish which meets Department of Defense standards and is used by TrueCrypt can be broken but it requires thousands of dollars worth of resources and lots of time. This creates an expontially expensive curve for the extortionar in terms of both time and money as you can create 100 encrypted volumes for free in less than 10 minutes for every volume that contains actionable useful information and then if someone were to try and access that information without your consent it would cost hundreds of thousands of dollars. Thus, the cost benefit analysis begins to weigh heavily in favor of the individual using encryption. And the more people who use encryption to protect their information against criminals the more likely it is that criminals will look for easier targets.
One result of the high return on investment from violence in the Industrial Age was the greater use of violence. The transition from the Agricutural Age to the Industrial Age, which took about 500 years, led to the rise of tremendously large nation-states that exercised tremendous amounts of violence because it was profitable and the elites needed their capital assets protected.
An unfortunate side-effect of these economics was that during the 20th century the leading non-natural cause of death was governments; Mao, Polpot, Stalin, Lenin, Hitler, Hiroshima, Nagasaki, Vietnam and etc. What do you expect when violence is so profitable?
But there is a new order of the ages that is rising like the sun and requiring the vampire squids that rely on violence to retreat into the increasingly scarce shadows. And unlike the 500 year transition into the Industrial Age we are already 15 years into a 40-50 year transition into the Information Age because of the rapid relentless advance of technology.