Me: Could not agree more about banning short selling altogether and making banking a public utility.

Steve Keen has recognized that the problem with neo-classical macro-economics is it ignores “money, debt and banks”. The money system under the present paradigm of Debt Only as the sole/monopolistic concept for the creation and distribution of new money is increasingly and inevitably unstable. Direct and Reciprocal Monetary Gifting, strategically integrated into the Debt Only system in a way that benefits every individual agent and that macro-economically slays inflation by implementing beneficial price and asset deflation is the way forward toward ending the insanity of naked shorting and the taming of Finance.

The single policy of a 50% Discount at retail sale, all of which discount is rebated back to the merchant granting it to the consumer by the central bank or other monetary authority mandated to do so, implements the new paradigm concept and its primary benefits into the temporal universe, namely immediately doubling everyone’s purchasing power, thereby greatly increasing the demand for every commercial agent’s goods and services and yet, paradoxically, macro-economically ending inflation forever. Yes, in a not altogether sane or ethical world you’d need to regulate the economy so as to align it with the new paradigm, but what else is new and when all is said and done “Systems were made for man, not Man for systems” …and banning short selling and making banks a public utility would do a lot to stabilize the new paradigm.

EB: I’m all for money printing for infrastructure and development. We should do that! Lincoln had it right. I’ve written a lot on that. But money printing to buy US dollars to buy US assets seems a bit shifty.

Me: Correct. It’s just another way that finance is used to dominate and manipulate. The US does it, and so do the Chinese. The corrupting power to create money is irresistible…unless its creation is guided by a superlative ethic…like grace as in graciousness and grace as in GIFTING. A 50% direct and reciprocal GIFT of price at retail sale graciously implements such ethic.

The applied ideas/concepts behind our systems are most important to understand them…and to guide and ethically enforce them.

The Chinese will eat the West’s lunch until we have the new monetary paradigm, and if the West implements the new paradigm first it will rejuvenate our economy and enable us to re-industrialize in the most efficient and ecologically sane way possible…which will do what? That’s right, greatly reduce the Chinese’ export platform powers and, if they’re smart, which the Chinese are, follow suit and implement the new paradigm into their own domestic economy.

DK: Central banks are a criminal entity, who in the end, like their criminal overseers, the US treasury & US govt will be the last ones standing {by design of course} to provide the rails for the CBDC. A digital gulag based on the Chinese social credit score. It’s coming. It’s inevitable. The fiat ponzi scheme, and its subsidiarys the banks and the current financial sytem is doomed. They know it.

Me: I have no conflict with you regarding the cruel/criminal effects of the current financial institutions. Yet I implore you to consider that austerity is not the answer either. What is required is an integrative thirdness greater onenessof the dueling orthodoxies in the left and right perspective.

Also, a CBDC could be a domineering threat…unless you implement a policy that mathematically eliminates the possibility of it becoming a way to implement social inequality. How is that accomplished? By implementing a policy that, because of its implementation point (retail sale) is universally participated in and so its beneficial monetary and economic effects are experienced by everyone. That policy is a 50% Discount/Rebate at retail sale. That way EVERYONE’S purchasing power is doubled. So it has no negative social/class effects.

It is ironic (if not secretively an unconscious means of slurring) that the Chinese system of social credit happen to be the same words used to describe a world wide movement called Social Credit started by a man named C. H. Douglas between the two world wars. Douglas was ahead of his times because he understood that money is most basically accounting that is equal debits and credits summing to zero. My 50% Discount/Rebate policy is actually an innovation of a policy championed by Douglas’. Douglas was a contemporary of Keynes and Keynesianism actually became the fall back position of private finance after the Great Depression and WW II to Social Credit which again was a burgeoning world wide movement and whose policies utilized monetary gifting.

TV: The USA is a pendejo. Only 10% of Chinese trade is with the USA.

Me: 16.2% to be exact and we are their biggest trade “partner”. Thats economically very significant. And when you throw in all of the domestic benefits of the new paradigm policy program its a complete no brainer…for both individual and commercial agents. What? You don’t like being able to buy a $60k Tesla for $15k (with the two 50% discount/rebate policies at retail sale and at point of loan signing) and a $400k home for $100k??? How about never having to feel pissed off at inflation ever again???

Me: Yes, casino capitalism, its wild financialization and the entire “regulatory” apparatus that actually supports it must go. But reforms will never accomplish this. Paradigms are SINGLE OPERANT APPLIED CONCEPTS that enforce/change the nature and all of the complexities OF ENTIRE PATTERNS. That is historically verifiable. Discovering new paradigms is the actual analytical starting point for REAL PERMANENT change. You want real change…examine the operant idea that enforces the realities of the present anomalous paradigm and invert it (one of the cardinal signatures of all historical paradigm changes)

APPLIED PHILOSOPHY FIRST needs to be our motto.