Well Mish, you have made my point that we are enslaved by a tyrannical and monopolistic Banking and financial system quite well. However, it actually goes even deeper than that. We are hypnotized by the IDEA of Debt, the PARADIGM of Debt ONLY.  It is a monopoly idea that must have competition in order to have economic and monetary balance, equilibrium and flow. The major meanings and descriptions of the word/concept of Grace are….balance, equilibrium and flow. Think through that linguistic alignment and reality for a second and you’ll see what systemic idea is necessary to balance the system and resolve this crisis. And no, bankruptcy is not systemic Grace. It is an individual and individual business option that would still be a part of the system, but the SYSTEMIC idea that will bring balance, equilibrium and flow TO THE ENTIRE SYSTEM is monetary grace the free gift. Those that have eyes to see and ears to hear…let them see and hear.

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Not if they incorporated the idea of monetary grace the free gift into their economy via the policies of a universal dividend and a retail discount. Steve Keen’s IDEA website advocates “a complementary currency” in other words a social credit to balance the Greek economy. And he is correct. He, like every other economist is a nascent social crediter…they just haven’t realized it yet. Everything Keen has brilliantly and iconoclastically discovered since the beginning of the crisis….is actually a re-discovery of most of what Douglas said 90+ years ago.  Disequilibrium, check. The relevance of money, debt and Banks, check. The necessity of a new economic  philosophy and paradigm, check. The concept of monetary grace the free gift and the policies of a universal dividend and a retail discount to implement that new philosophy and paradigm…..not yet.

trading:  Nonsense again.

Me:  Logic is nonsense then. Thank you for illuminating your ability to deny logic and thus reality by resorting to the blinding effect of orthodoxy.

trading:  You are completely indoctrinated. Your posts are full of ideological nonsense. It may seem like logic to you, but it’s about as logical as the claims of creationists and less coherent than the babbling of an average cult promoter.

Me:  You mistakenly think I am some sort of religionist when I am a complete agnostic.  You, on the other hand, are a denier of the importance and necessity of logic, linguistics and philosophy. And no amount of bluster from you changes that, and that is obvious to everyone who actually looks at what I actually said,

Billy Bonobo: I freed a thousand slaves, I could have freed a thousand more if they only knew they were slaves….HARRIET TUBMAN

Me: Correct. Once you have embraced slavery, whether bodily or mentally/paradigmatically….slavery can appear to be freedom.