Can we talk about a concept I raised over on Ellen’s group which is a true trinitarian model for Banking/Finance?
Presently we have a false trinitarian model for Banking/Finance where private banking whose primary and overwhelming motive and intention is profit, power and control. We also have government able to create some financial and economic input and politics as it is today is nothing if not obsessed with power and control. Then we have central banks which are allegedly “independent” in the financial process. As I like to say when someone claims this…Riiiiiight.
Fitting this into what I call the Wisdom/Cosmic Code which generally in terms of financial organizations we’re discussing is expressed thusly:
[ (organization X organization) X organization ]
which consists of an integrated Duality (the two organizations within the parentheses) within a Trinity-Unity (the aligned integration of all three organizations within the brackets) X = integration
A legitimate Duality is two apparently opposing ideas, organizations, intentions etc. whose particles of truth actually can be integrated. A Trinity-Unity is by definition an integrated whole which also has a refined sense of ethics as a fundamental part of its guiding principle.
So what we presently have is this [ (Private Finance X Government Finance) X Central Bank ] But this endogenous “Trinity” is ruled by profit, power and control…not a guiding ethical principle. The latin phrase demon est deus inversus comes to mind. Furthermore none of these three are willingly (or under their present intentions and guiding principles) even possibly able to be integrated resulting in a fragmented mess where the system dominates every other business model and every individual.
What we require is a truly ethically guided exogenous NCO/Truly working in the public interest central bank that computes and distributes the dividend and discount and all credit distributed to the system, a structural Public Interest Banking system which lends to all spheres individual, commercial and governmental and adheres to the ethical dictates of the NCO/True Public central bank and finally Private Banking which is able to aggregate only priorly created profits and savings…but not able to leverage them. This is the proper and authentic Trinity which is guided by an ethic of Grace and its monetary and economically valid equivalent monetary grace the free gift/gifting and that correctly aligns and subjugates the rest of the structural system to what I refer to as “the beatific chains of an ethic of Grace.” The present system of Banking/Finance and particularly private banking has been problematic for over 5000 years as the author David Graeber has researched. In my opinion It’s way past due that it be aligned with Grace and its imminently corruptible intentions of power and control “chained to the bottom of the pit.”
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Ellen,
Do you have any comment regarding this model for the Banking/Financial system? Douglas said that one must consider the philosophical/metaphysical roots of society. I think it does that and it also honestly integrates philosophy and policy in the sense that it proactively (anticipates) the problematic nature of leaving control of the Banking/Financial system to Private Banks. A + B is still the root structural and theoretical problem, but neutering private finance by removing their ability to leverage funds and allowing Public Banking to leverage while still being subject to the mandated policies and Gracious and ethical philosophy of the NCO/True Public Central Banking seems to both realistically align the entire system with the underlying philosophy and also to integrate the theory of Social Credit and the goals of Public Banking.
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In the final analysis I take from this that the economy is disequilibrated for and by both cost and Time….and that disequilibrium is getting worse. The theory of Dynamic Stochastic General Equilibrium (DSGE) is a false one which Douglas noted 90+ years ago and a hand full of economists are just now re-discovering this. Also, considering that we now live in an age of trillionaires , hedge funds, investment banks, wild derivative bets, a globalized individual wage arbitrage race to the bottom, accounting control fraud, an asset bubble and consequent debt overhang still lingering after 8 years and last but not least titanic waste…it’s time to band together, bring a message of hope and grace both emotionally and economically to the individual and to failing businesses and invert the power structure of the rogue keystone of the mess, Finance.
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10/21/2015 Posted to Ellen’s Forum
Yes that is precisely the direction we are headed in, and I would suggest that the only way to effectively take back ethical and effective control of the Banking and Financial systems would be to structurally integrate Private and Public Banking/Finance along the lines of the trinitarian model I’ve posted about both here and on the Social Credit Google group…and then have them both subject to a National Credit Office/Central Bank whose philosophy of Grace is itself an integration of both abundance and all due ethical considerations. Thus it (the NCO/Public Interest Central Bank) inverts the power structure currently ruled by Private Banking/Finance whose disregard for both the individual and any ethic other than profit, power and control and instead operates truly in the interest of both the system and the individual.
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Goldman is the voraciously greedy, hungry and unstable “fox ruling the henhouse” whose former executives in and out of government are crafting policies to cover their asses with bail-ins and so attempt to internationally coalesce Finance’s power.
Can we see clear to instead put a Central Banking institution in charge of the system whose economic philosophy and policies are aligned with a necessary Grace/Gifting and also an integration of the general need for commercial credit traditionally provided by private finance and the ethical intentions of Public Banking? Such would truly be a higher, more integrated and unitary systemic whole.
Can we see clear to instead put a Central Banking institution in charge of the system whose economic philosophy and policies are aligned with a necessary Grace/Gifting and also an integration of the general need for commercial credit traditionally provided by private finance and the ethical intentions of Public Banking? Such would truly be a higher, more integrated and unitary systemic whole.
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Regarding implementing a Postal Bank
That’s really great to here out of Bernie. But it still leaves work to be done because it still leaves Private Banking, especially private investment banking, still in de-stabilizing control of the system with their derivative nonsense and primary control of credit creation….instead of a central bank that makes necessary Gifting as policy and also is the unitary source of credit distributed to the financial/banking system. The present system is an inversion of that stable, sane and ethical model where private banks create credit first and a not independent FED basically merely complies with their problematic wishes.
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Excellent youtube video of British MP’s debating the Banking/Financial system. It is from Positive Money’s website who I think puts forth the same structural kind of system I’m suggesting sans the policies of a universal dividend and retail discount. So we agree about the way the money system should be structured, but Trickle down economics enforced by the conventions of cost accounting will not enable sufficient monetary reach to the individual.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 