I’m absolutely all in for public banking although I would prefer a national banking system, and yes, having a true central bank in actual control of the creation of all new credit/money is essential. Hierarchy is wisdom so long as it is guided and aligned with a new paradigm like monetary gifting, which is the monetary and economically relevant aspect of the unimpeachable concept behind every paradigm change that is, grace (or whatever other word for the pinnacle concept from the world’s major wisdom traditions hang on it) as in love in action/policy.
I would only ask everyone here to consider the significance of summing, ending and fulcrum/turning points. Show of hands, who here has ever gone to Safeway or Wal Mart etc. and bought say $100 of groceries, and when they got home the grocer called and said, “Sorry, we have to have another $50 for those groceries.” ? Never, right? And that’s because retail sale is where production becomes consumption and is what I refer to as the triple powerpoint of the economy. It’s the terminal ending point of the entire economic process, the terminal summing point where all costs including profit, depreciation and capital costs and so total price for every consumer item or service and again, as it is the ending point of the economic process must also be the terminal expression point for any and all inflation. And that is why a high percentage monetary policy at retail sale is paradigm changing. It inverts the present realities of individual income scarcity and systemic austerity into abundance. It inverts chronic erosive and painful price inflation into painless and beneficial price deflation. It’s the same as the inversion of the positions of the earth and the sun, the inversion of monopoly control of the sacraments via the church to the direct personal relationship with god of The Reformation, the inversion of the primacy of hand production to machine/technological production of the Gutenberg press, the inversion from nomadism to homesteading-agriculture.
Finally, it’s the inversion of lobbying politicians to taking the message of Public Banking and the new paradigm directly to the individual and the self interested constituencies that will move the politicians
EP: Well, I like the idea, can you include the costs not represented by price, such as effects of poison or environmental impact of the product? It would be important to note that the triple PowerPoint leaves the purchaser in too many instances still owing 50 bucks or more? How to bundle this into your thesis, can do?
Me: Emily, Externalities ARE significant even if they are not relevant to the economic PROCESS itself, as you point out. I would say that first of all doubling individual incomes does not necessarily translate to doubling of economic through put. And secondly, as important as ecological sanity is, the biggest current obstacle to that goal is the current paradigm of Debt/Burden/Additional Cost which makes the stupendously expensive mega research, innovation and financing for projects to accomplish sustainability “too expensive.”
When you take control of the triple power point of retail sale you can pour as much money as necessary into such research and innovation without fear of inflation or expense. And finally, besides abundance four of the major aspects of the concept and experience of grace are hope, clarity, freedom and good will. Would the general populace be more likely to embrace the rationality of sustainability with those self actualized or the continual stress of austerity and scarcity?
EP: “How do you propose to “take over’ the triple power point retail sale?”
Me: Simply by implementing the 33-50% discount/rebate policy at that particular point in time in the economic/productive process.
EP: “…could there be an approach as well that creates a legal premise to identify the boundaries of wholesome wealth gain and avarice, or greed?”
Me: The boundaries of wealth, gain and avarice, or greed, like pornography are generally self evident to the wise, however, IMO yes, it is legally establishable that private finance is by definition a completely parasitical and hence illegitimate economic business model.
Consider that accept for the smallest of enterprises, in order to begin, it is necessary to borrow/create a cost pre-production, in an economic system inherently scarce of individual aggregate demand, systemically, it is necessary to continually borrow and finally for “big ticket” items like houses, autos, furnishings etc. it is necessary to incur the additional cost of a note with interest…post retail sale which again, is the current end of the legitimate economy/actually productive process. So the parasitism of private finance is the reality pre-production, concurrent with it and post retail sale.
The movement that is necessary is a direct to the huge constituency of everyone 18 and older, of students and of the normally conservative small to medium sized business community that shows them how the new paradigm and its policies, regulations and structural changes are in their interests. It’s an idea and mass movement whose time has come.
EP: Thank you, Ok, So I have bought with my partners a container load of building materials that will ultimately prove the old stuff, pink insulation, plywood etc outdated and poor choices to build with.