Grillo is the closest to Social Credit of any pol in the northern hemisphere, actually the world with his basic income/dividend policy. Unfortunately he’s still captured by socialist dogma in his taxation policies and in the way he would finance the BIG. (It must be a directly distributed financing not via taxation) Also, he doesn’t appear to understand the second and key Social Credit policy of a retail discount that will completely eliminate any chance of inflation and can actually integrate deflation into profit making economic systems if it is a large enough percentage of discount.

If he implemented such policies the Italian economy would sing like a grand opera. Then he’d probably have to deal with intentional sabotage by the financial PTB. The financial elite would move heaven and earth to make him out to be the world’s worst @sshole. History rhymes after all. But Grillo isn’t a homicidal maniac like Hitler so maybe sanity would finally bloom for the world to see.

Old Guy:   chdwr I believe the Swiss were the first to actually propose and vote for social credit. It went down in flames by the way.

Me:  Yes it did. Nobody ever said the Swiss weren’t swayed by conservative thinking. Maybe when 40% of the current jobs are gone in 10-15 years they’ll be a little smarter and more realistic. Or when Europe is over run by pitch fork carrying masses due to hunger and frustration maybe the Swiss will think their secretive tax haven Banking system wasn’t such a good idea. That plus….there won’t be any being neutral in the next war with smart and devastating weaponry. You sow the wind, you reap the whirl wind.

DM:  How do we now address that fear as well as growing disillusionment with the political establishment, while refusing to give in to xenophobia and nationalism?

Me:  I’ll address that personally and economically. Personally you contemplate the concept and experience of Grace. If you’re religious do it within your religious faith, if not religious or atheist simply do the same within the natural psychological and linguistic definition of it. Personal graciousness and flow are the secrets to healthiness and happiness no matter what occurs in Life.

Economically and monetarily, fully flesh out the concept and aspects of Grace and make sure that you fight to align systemic policies with that same concept and you will have systemic economic and monetary free flowingness. It’s really that simple.

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The only time a doctrinaire socialist like Wolf and a doctrinaire Austrian like Mish can agree is when the time for a paradigm change and integration of ONLY the valid and true aspects of apparently opposing ideologies like socialism and Austrianism…are becoming so obvious that even the doctrinaire can see it.

Wisdomics/Gracenomics

wisdomicsblog.com

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Billy Mitchell has the same opinion of Italian Banks and EU Financial elites as Mish Shedlock. When opposites begin to agree paradigm change/integration is the obvious solution and merely requires completeness instead of denial or palliation….even if leaders are completely unconscious idiots.

http://bilbo.economicoutlook.net/blog/?p=33947&cpage=1#comment-45311