Posted To Mish Shedlock’s Blog 12/28/2015

It’s really sad that this blog and the posters here cannot raise above the mere orthodoxies of Austrianism and libertarianism and look at the integrative policies of Social Credit which would enable the continued and more prosperous existence of profit making systems, replace the unworkable re-distributive mistakes of socialism, recognize that innovation and AI are disruptively threatening the functionality of profit making systems, and honestly evaluate Social Credit, whose policies will enable a true synthesis of the interests of business and the individual.

The economic world and its situations and conditions change. Theory must change in order to integrate and constructively and ethically adapt to those changes.

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First of all he might get shot by some minion of the Banks for destroying their profits. Second it still wouldn’t resolve the most basic problem of the economy because businesses always have more costs than they produce and distribute in individual incomes and thus doing the calculus on that reality the economy is in a continual state of cost inflation. Thus it requires a supplement to individual incomes in addition to what is earned via employment. Combine that policy with a discount to consumers by participating businesses which discount amounts are completely refunded back to those merchants and you have a macro economy that functions and that in fact rages along continually….and also has price deflation as the discount can be 40 maybe even 50% as it is at the terminal end of the economic/productive cycle and rebated back to business thus harming absolutely no one while bringing increased freedom to individuals and businesses.

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The Banks and financial authorities have the same super slo-motion “boiled in oil” strategy in mind for the US and every where else….and they’ll succeed or just finance the next regional or world war if things get out of their control. This unless we stand up on our own hind legs and break up their monopoly powers with a debt jubilee, a universal dividend and a retail discount policy trio that will enable profit making systems to evolve along with technology and artificial intelligence.

It is supremely ironic that orthodox austrian and libertarian theorists are actually standing in the way of such evolution and thus paving the way for either war or a vulgar and tyrannical socialism in reaction to the long term stress of non-functioning economies. But then to paraphrase, those whom the gods would destroy they first make mad and/or irrationally unwilling to integrate in order to find a better solution.

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The FED is most definitely the tool of the TBTF Banks, and it is using inaccurate and unworkable policy tools to boot. The problem is the business model of Finance dominates every other business model in the economy and nearly everyone as a result. That plus the reigning macro-economic theory has morphed Keynesianism into what is called the neo-classical synthesis, i.e. DSGE  Dynamic Stochastic General Equilibrium. Not that Keynesianism was any great shakes or any kind of an actual solution, but it was the fall back position for Finance after the Great Depression and was implemented to basically thwart Social Credit which was a world wide movement before the war. Libertarians and Austrians latched onto General Equilibrium theory with a fierce irrationality which is typical of thinking in powerful subjects, and they’re not about to change their minds regarding its validity even if you put a gun to their heads let alone trying to influence their minds with mere words or even empirical evidence.  None of this changes the fact that the economy is actually in a radical and continual systemic state of scarcity of total individual income in ratio to total costs/prices and is hence cost inflationary by nature.  Throw in the added costs to business of high technology and the increasingly disruptive destruction of aggregate individual incomes by artificial intelligence and the only actual solution is a direct supplementary income in addition to what individuals make via employment and a rebated back to retail merchants price discount to consumers.

That’s right, you’re all potential or nascent Social Crediters.

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The FED and the financial authorities are using the slo-mo train wreck/consumer slowly boiled in oil strategy as I have posted here before. Why? Because they can….because they remain in “control”. What logically follows from that from a free human beings perspective? Action, gracious as in clear, focused and ethical action to remove the enslavers and implement a system whose policies are graciously as in sovereignly powerful, ethically liberating as in individually free and systemically free flowing and abundant which accurately reflects both the nature of the concept of grace and our productive capabilities and that fit seamlessly within profit making systems as in the entrepreneur and laborer both being worthy of their risk and their hire. 

Don’t fall for the incompleteness, mereness, austerity and authoritarian mindsets of either the progressive/socialist or the libertarian/Austrian theories who both have particles of truth and untruth in them. Insist on a theory that integrates the truths of both sides and attains a complete, inclusive, abundant and graciously powerful and freeing unity to the system. 

The concept of grace, as it turns out, is much more powerful and ethically controlled than mere power and control themselves. So should we understand and apply it to our power mad and out of control monetary and economic systems. Not recognizing the importance of that understanding may well eventually be the difference between survival of oneself, one’s family and one’s productive capabilities.

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Governments have to eventually take back their correct and rightful duties of sovereign control. This is both Wisdom and necessity. And the only way to safely navigate that also problematic course is to consider the pinnacle concept of Wisdom which is grace/graciousness in all of its aspects and policies that align with it. That IS the correct and most relevant concept. That would be policies like telling the parties to the derivatives cluster f***k to equitably unwind it between themselves without involving the rest of us. It would be the wisdom of a modern debt jubilee in order to avoid the chaos and war that excessive debt and long economic downturns have shown are historically rhyming. It would include grace as in a universal gift of individual income, and a retail discount which is a form of reciprocal gifting back and forth between businesses, the individual and government that created more individual freedom and more systemic free flowingness. Wisdom is integration of truths, workabilities and applicabilities which also results in a higher ethical good and unity. You have to have an open mind toward your opposition and about the possibility that they might also actually have some truth to integrate with your own for an actual integration to occur., but that is the mental Strength of Wisdom as opposed to mere reactionary, authoritarian and orthodox “thinking”. Isn’t that a small price to pay for the safety of yourself, your family and our productive capabilities in an age of modern weaponry?

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