The Three Incredible Things My Abundant “Retail Product” Discount Does

1. It immediately increases every individual’s and every enterprise’s purchasing power by 40+%

2. It integrates what up to this moment has been considered impossible, that is, the beneficial integration of price deflation into profit making systems.

3. And most importantly it both eliminates the necessity for borrowing to keep the economy stable and substantially reduces the market size of Finance as a whole thus resolving its deepest problems that is scarcity of individual and commercial purchasing power and the inherent cost inflationary nature of modern economies.

Again, these last two factors are the deepest problems of the economy as C.H. Douglas initially identified the cost inflationary nature of the economy in part because the enforced monopoly paradigms of Finance of Only Debt in the form of loans and Only for Production, and Steve Keen recognized the continual necessity to borrow as the only way to stave off recession and yet as soon as the acceleration of credit slows recession occurs as well. In other words modern economies are “stuck between a rock and a hard place” ….and my innovative policy extensions of Douglas, extension of Keen’s  disequilibrium theory and my own integrated understandings of the world’s wisdom traditions, the scientific insights inherent in quantum mechanics, the knowledge and nature of Time and the nature of the temporal universe itself, namely the abundant “retail product” discount, frees every agent in the economy from those seeming conundrums.

Douglas and his followers were way ahead of everyone else, but they were hampered somewhat by their allegiance to mere statistical equilibrium and a not fully fleshed out concept behind the concept of the new paradigm, direct and reciprocal monetary grace as in gifting. My Wisdomics-Gracenomics and its extended philosophy and policies  deals with these gaps.

No Theory In And Of Itself…

…can prevent certain human other intentioned and/or anti-social actions from wrecking it. This is why there will always be the need to anticipate such actions and deal with them as:

  1. precisely that (anti-social),
  2. regulate them out of either likelihood or legal existence or
  3. craft policy which is capable of inverting/transforming the problem (finance’s enforced monopolistic paradigms of Debt, Loan and For Production Only and hence their ability to unstably enforce debt and, if their monopoly is endangered, wildly increase debt) into a solution (saturating the economy with monetary gifting for everyone and all participating enterprises via an abundant universal dividend and a high percentage discount at point of sale which is so good for them that the policy “is an offer they cannot refuse”)

Finally, a dominant power like Finance could also rather easily foment war by antagonizing an enemy, demagoging the domestic population or  creating “false flag” events.  This is why any monetary reform/paradigm change movement must be aware of these possibilities and have a scrupulously anti-war policy unless or until an actual invasion is geographically imminent.

Posted To Steve Keen’s Patreon Page

Me:  There is a third way and its description is a technologically advanced abundant profit making system of direct and reciprocal monetary distributism. The very process of what is referred to as Wisdom is the thorough integration of the truths, and only the truths, of apparently opposing perspectives. That puts the attention and intention on truths, synthesis-thirdness and progress….as opposed to orthodoxy, the obsessive contention-resistance to progress that theorists and activists on both the left and right are so prone to and which pols more concerned with power than progress can demagogue forever and a day.
Man:  That doesn’t sound like something that could be implemented given a system of universal suffrage.
Me:  You mean universal suffrage as in per capita, or what?

Man:  Universal suffrage like we currently have. People are prone to demagogues in times of stress.
Me:  Okay. But I’m convinced that a large majority of individuals and of small to medium sized businessmen would recognize that policies that costlessly increased aggregate individual demand and beneficially integrated price deflation into the economy….were in their self interests.
RJ:  Beneficially integrating price deflation into the economy; sounds good, but with high levels of debt; might require CPI linkage to all debt principals … might reduce the influence of currency speculators; if CPI and the debts are expressed in the same currency! – All existing debts? Wow, new crypto currency or anything?! … Would that be feduciary socialism? “Thirdness” sounds good; so long as it’s not a “gender-thing”.
Me:  “but with high levels of debt; might require CPI linkage to all debt principals” Yes, that is why “a modern debt jubilee” is such a good idea. However, that’s just a one-off, what about the unfortunate ongoing reality of modern economies curiously dependent upon continuous borrowing in a vain attempt to avoid recession/depression? We have to be smarter than the ancients….not just as smart…or dumber in the case of austerions. Hint: Look at the moment to moment operations of commerce and figure out where and when to best implement monetary policy.

Personal Paraphrased Quote

Power in and of only itself  is darkness and cannot drive its darkness out, only love in its active form Grace/graciousness can drive out darkness.

Paraphrase of MLK Jr.

The Paramount Importance of A Paradigm Change

A paradigm change is a moment of deep temporal-structural progress, and even more importantly a general, fundamental, beneficial and enlightening change in human consciousness as well.

And this why all of the reforms that point in the direction of the paradigm change must integrate with it and affirm its insights and potency. Otherwise those reforms/reformers will get “picked off”  by the dominating force behind the present paradigm and the unethical result will be that reform, read a palliative, might be applied, instead of the deep and actually transformative solution that is the paradigm change.

Posted To Steve Keen’s Patreon Page

Me:  There is a third way and its description is a technologically advanced abundant profit making system of direct and reciprocal monetary distributism. The very process of what is referred to as Wisdom is the thorough integration of the truths, and only the truths, of apparently opposing perspectives. That puts the attention and intention on truths, synthesis-thirdness and progress….as opposed to orthodoxy, the obsessive contention-resistance to progress that theorists and activists on both the left and right are so prone to and which pols more concerned with power than progress can demagogue forever and a day.
Man:  That doesn’t sound like something that could be implemented given a system of universal suffrage.

Me:  You mean universal suffrage as in per capita, or what?

Man:  Universal suffrage like we currently have. People are prone to demagogues in times of stress.
Me:  Okay. But I’m convinced that a large majority of individuals and of small to medium sized businessmen would recognize that policies that costlessly increased aggregate individual demand and beneficially integrated price deflation into the economy….were in their self interests.
RJ:  Beneficially integrating price deflation into the economy; sounds good, but with high levels of debt; might require CPI linkage to all debt principals … might reduce the influence of currency speculators; if CPI and the debts are expressed in the same currency! – All existing debts? Wow, new crypto currency or anything?! … Would that be feduciary socialism? “Thirdness” sounds good; so long as it’s not a “gender-thing”.
Me:  “but with high levels of debt; might require CPI linkage to all debt principals” Yes, that is why “a modern debt jubilee” is such a good idea. However, that’s just a one-off, what about the unfortunate ongoing reality of modern economies curiously dependent upon continuous borrowing in a vain attempt to avoid recession/depression? We have to be smarter than the ancients….not just as smart…or dumber in the case of austerions. Hint: Look at the moment to moment operations of commerce and figure out where and when to best implement monetary policy.

Posted To The Social Credit Google Group 10/09/2017

Steve Keen has re-discovered the social credit insight via the opposite perspective of macro-economics in his realization that whenever borrowing stops increasing the economy slumps. What he apparently hasn’t realized is that this proves Social Credit’s A + B insight, as even at 0% interest the continual build up of private debt overwhelms the ability to service that debt. So you’re stuck between a rock (continual borrowing) and a hard place (recession/depression if you stop borrowing). Douglas originally discovered it via the micro-economic cost accounting perspective and then doing the calculus on the relationship between total individual incomes and total costs and so total prices.

However, the even more subtle insight is that a mere stochastic (statistical) equilibrium of costs and prices is not the answer as the temporal universe is not characterized by and abhors equilibrium. Consequently, and in order to overcome the scarcity ratio of Social Credit and integrate with the actual nature of the temporal universe (continual free flowing process), both of the policies of Social Credit must be genuinely abundant so as to invert the above ratio…..which also mirrors the signature of paradigm change which is inversion of position and primacy of the old and new paradigm (helio-centric inversion of the position of the earth and sun/inversion of scarcity ratio making it an abundance ratio of individual incomes to costs/prices).

IMO all of Public Banking, MMT, Keen’s Disequilibrium theories and Michael Hudson’s and David Graeber’s focus on the problematic nature of the business model of Finance want to move together in the correct direction. They just need a full and clear philosophical vision in order to do so.
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Yes Kyunkyun, because there are inherent and inevitable costs like depreciation, the withdrawal of profits and savings and the re-investment of same into subsequent productive cycles and the freedom and general tendency to raise prices in profit making systems that cannot be effectively compensated for…except via a sufficient monetary and price gift with the dual policies of Social Credit. If we could cost cut our way out of the problem then the Austrian obsession with deflation would work, but it won’t because we’d run out of income and 100% of businesses would go bankrupt way before an equilibrium could be attained. And just injecting money into the economy via enterprise only re-initiates the gap. Even a large direct dividend ALONE would not do it, it requires the costless and cost reducing policy of the discount.
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Also the diminution of money via the flow of taxes and additional costs of government bureaucracies. And time itself and its lagging effects on purchasing power contributes to the gap. The word “eventually” in macro-economics and money systems where any gap exists has no meaning, only the moment to moment ratio of total costs/prices and total INDIVIDUAL income.