Grace is both an integrated Duality and/within an integrative Trinity-Unity.

Grace/graciousness is the willingness to understand and relate benevolently to others despite the fact that they may have different opinions, culture, religious beliefs, are of a different color or different level of income.  Tolerance of course is a two way street, but grace is what is necessary for both or either side to navigate differences without getting hung up in them and consequently irritated to the point of ungraciousness.

Grace is the universal solvent.

The following is true, and because Public Banking, Disequilibrium Theory, Georgism and Sovereign Money all have aspects of Grace-Consciousness as the bedrock of their policies, and because inclusion of truths is also an aspect of Grace-Consciousness…aspects of their policies can be incorporated into the general and specific policies necessary for a true solution to our monetary and economic system.

And any thought that it can be entrusted to any other lesser philosophy and policies is either naive, a mistaken faith or a secret agenda for power by men desiring power…and so a false hope and a non-progression.

https://weapedagogy.wordpress.com/2016/06/30/the-u-s-supremacy-in-the-age-of-high-finance-expansion-and-crisis/#respond

The problematic glue that holds the current system together is power much more so than even profit. Because taxation/re-distribution does not resolve an inherent macro-economic tendency toward scarcity of individual income, and because forcing the basic and legitimate intention of businesses to profit to cooperate in making its already difficult ability to do so because of the inherent scarcity of individual income will naturally prevent the cooperation that will enable the integration that creates a third and much more unified system…socialism is hence not the solution. Of course, oligopolistic and dominating global corporatism is not legitimate, but rather a reactionary force born of greed and the necessity to become big in order to survive that the above basic scarcity holds in force.

As the concept of Grace is a more satisfying integration of two separatenesses to the point of simultaneous thirdness and oneness-completeness and major aspects of Grace are Gifting, Giving back as in the taking of power in order to give it back to the individual and Transformation-Ethical Redemption as in a true and conscious inner change AND REFLECTIVE OUTER CHANGE OF POLICY…..Grace is the necessary new economic and monetary paradigm required for the resolution of our current crisis.

Does this mean that Sunday School was right all along? Well yes and no. Yes in that philosophy is always the place to start if you want to have and maintain intellectual honesty and clarity, and no if you want to be ONLY an exclusionary pre-scientific religionist about it.

So be smart enough and conscientious enough to fully flesh out the necessary concept, and don’t fall into dualistic religiosity….or cynical, stupid and all too modern reaction against the same.

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The proof of this is the fact that if the US or Britain or any other major nation were forced into war any thought of not financing it would be derided as idiotic if not unpatriotic.

We are actually setting ourselves up for a major war with the lingering economic stagnation we see everywhere. What we need to do is not only recognize this, but also recognize that war is not the answer to our economic woes, especially in an era of smart and devastatingly destructive weaponry. In fact the way to not only prevent war but also to prevent its tendency is to realize that actually free and prosperous people are not nearly as inclined to be manipulated by powers that benefit from war…and so imminent individual economic freedom and continuing systemic economic free flowingness are the real goals economists must advocate, and a universal dividend sufficient to enable an adult individual a near middle class level of lifestyle coupled with a proactively price deflationary discount at retail sale by merchants that is in turn rebated back to participating merchants by a monetary authority….are the specific policies immediately necessary.

Economists need to brush past such considerations as gradualism, worries about idleness and terminally habitual, obsessive and short sighted “solutions” like employment.

Gradualism is the disguise that enslaving forces use to live another day. As Martin Luther King, Jr. said, “This is no time to engage in the luxury of cooling off or to take the tranquilizing drug of gradualism.” The world evermore surely hurtles toward increasing conflict and war. The rhyming of long term economic down turn and/or stagnation with humanity’s history of conflict is too obvious and too unimaginably destructive today for us to fall for the idea of half measures or lengthy step by step by backward step reform. The time to act is now, and the actions to be taken are the specific policies that will effect individual freedom and systemic free flowingness!

Man is a purpose driven animal, and leisure is not idleness, but rather self determined and attentive activity. Today, even in an increasingly onerous economic system better than 90% of us manage to find sufficient positive and constructive purpose to avoid incarceration.  Instead of people being required to do something the great majority of which they didn’t actually want to do, and that because of innovation and artificial intelligence was in the very near future disruptively even less and less available to them, if individuals were themselves able to determine what they wanted to do as work for pay or simply as several of the myriad other worthwhile purposes other than employment…..how much more free and joyous and creative could such a society be! Employment is not the only, or now even the most available purpose of economics and economic theory, let alone of Life. Economists and the other leaders within nations must work together to help acculturate individuals to their true freedom of choice of life’s purposes which will broaden their energy of hope, compassion and creativity instead of squashing same into a failed experiment like homo economicus.

c copyright

Steve Hummel

06/29/2016

Robert:  “What’s more interesting to me is the cartel’s ability to misdirect so many along the entire political spectrum.”

Me:  That’s because the vast majority are conditioned to austerity, scarcity, egotism and the resultant fear, anger and apathy. These individual (mostly unconscious) postulates cut across party lines and whatever other allegiances people have. As a Man thinketh, so is he. And there is no enslavement like the enslavement created by oneself….and held in place by the will and the strongest intention in the cosmos….the intention to be right, especially in one’s own mind.

Me:  When the next 2008 crisis occurs the president should simply do an executive decree declaring a modern debt jubilee of up to maybe $100k for every debtor 18 years of age or older, declare dual dividend and discount policies and also a state banking system along the lines of North Dakota.

There would be a hue and cry like no one has ever heard before from the Banks, but the obvious benefits to the macro-economy, all other business models and the vast majority of individuals would make it nearly politically impossible to undue and would become a fait accompli. Such a man or woman would be remembered as the greatest and most benevolent president the country ever had.

Freedom From Financial Tyranny, and Freedom To Be, To Do and To Grow In A Humane Leisure Society!

Jim:  Debtors to whom and for what?  There are debts and there are debts. Just to the banks?  Remember that the banks own your deposits.  You have lent them to the banks. That’s why deposits are liabilities.  Hmmm

Me:  All manner of private debt. Mortgage Debts run up during the asset inflation prior to 2008, inflated student debts run up during and after that time. Steve Keen recognizes that it is private, not nearly so much public debt that is the problem, and came up with the idea of “a modern debt jubilee” where anyone with debt (nearly everyone) must put their jubilee payment toward retiring their own debt first, and anyone who didn’t have debt would receive the payment as a gift. If they paid all their debts before their $100k jubilee the remainder would be a gift in cash. I actually proposed something very similar to this in my first book (https://www.amazon.com/Money-Wisdom-Giving-Immediately-Necessary-ebook/dp/B009QGFX6U#nav-subnav) after posting it to Keen’s Debt Watch site before he came out with “a modern debt jubilee.

And if you are someone who has bonds that other people are paying off….why you get paid back. At which time you are free to put your money back in bonds or probably some other investment that actually produces something and is likely going to pay you more than a bond nowadays because after a jubilee etc. the investing climate will be light years better than it is now.

JR:  Carl, this could happen only if the State Bank was established as a central bank, issuing reserves rather than needing them to function.  I do not believe this is allowable under your constitution  and legislation.

Let’s be clear on this.  Commercial banks (which present State banks are) do not need reserves to lend.  But they do need them to follow deposits of their money into competing banks.  If they outstripped other banks in their activity, they would quickly lose all their reserves and be wiped out.

If you doubt this, I could forward you a paper I have done on bank functions.  It has been checked by the brilliant convener of Economic Reform Australia.

Me:  As I said before the Bank of North Dakota might be able to simply issue credit as a gift along with any money they distribute as debt via loans. The truth is, as Steve Keen has shown that all Banks issue credit FIRST….and look for reserves later…and if part of the credit they issue is simply a gift….there isn’t any counter party anyway…so why would it present a reserves problem???

And if the FED or the Banks want to fight it out with us…take it to court where their obvious selfish self interests can be broadcast as diametrically opposed to the interests of both business entities and the individual. Come to think of it, it’s probably an excellent way to get publicity for public banking, monetary Gifting as the new paradigm, the dual and necessarily balancing nature of dividend and discount policies and the wisdom of the concept of subsidiarity/states rights. Pfffh! It’s a great way to awaken the
vocal Trumpist right to REAL monetary and economic reforms.

wisdomicsblog.com

JR:  Steve, I have explained why this would present a problem.

The bank could be taken over by others.

Yes, it could get reserves from, the Fed., thus going into debt to it.  Do you really think an orthodox Fed., under the control of the major banks, would continue to fund this process?

Me:  Do you understand that the credit component of a gift does not require additional reserves….because the gifted amount actually serves as reserves/fulfills the function of reserves itself and that there is no counter party to the one way nature of a gift?

I don’t care if someone tries to take over the bank, or the FED self interestedly refuses to back such monetary policy, as I said that would be an excellent opportunity for a states rights/monetary policy educational law suit.

Before the Federal Reserve Act there was an era known as “Free Banking” where private Banks simply issued money to borrowers. Some on the right still think this is what we should return to, but as Steven Zarlenga correctly showed in his book the Free banking period was the most unstable and corrupt era of our Banking history and was a major impetus, justification and enabling of the Federal Reserve Act.

What I’m saying is we had that historical precedent, and that if State and even private Banks were able to do such again, BUT WERE ALSO REQUIRED TO DISTRIBUTE A DIVIDEND AND THEY ALSO (OR PERHAPS A FEDERAL MONETARY AUTHORITY) PRONOUNCED AND DISTRIBUTED THE REBATED DEFLATIONARY DISCOUNT PERCENTAGE….there wouldn’t be any instability, but instead a great stabilization.

So put that down, right next to my Project Wisdom and Grace, as another suggestion by me to find a way to advertise, publicize, market and raise consciousness about integrative monetary and economic policies.

Kevin:  An explanation of how low cost high value distributed loans will evolve the financial system without major disruption.

Me:  Financial cost cutting is fine, but if the rest of the economy other than Finance inherently, that is naturally, produces a greater flow of costs than it simultaneously creates a flow of individual incomes….the system will remain unstable.

Kevin:  Steve,

Me:  Kevin,

(caps only for emphasis)

I never said YOU were advocating increasing costs. I said that you were cutting FINANCIAL costs, which is fine, but if costs still exceed individual incomes as a flow IN THE ENTIRETY OF THE REST OF THE ECONOMY OTHER THAN FINANCE AND WE DON’T ACCURATELY ACCOUNT/COMPENSATE FOR THEM….we’ve ignored, missed and left unresolved a more subtle and deeper problem. And even if one doesn’t want to believe that this lack of accounting is the problem, futurists predict that artificial intelligence will eliminate nearly 40% of our present jobs making the problem identified by Social Credit almost 100 years ago true by another means….and its policies necessary….unless we want to become some absurd socialist work state where you have to chew gum for 8 hours a day in order to “make a living”….rather than accept our freedom and leisure and find some satisfactory SELF DETERMINED activities to enrich our lives because the policies of Social Credit are intelligent and gracious enough to save us from such idiotic homo economicus non-thinking.

Kevin:  We both have no idea what will happen when we cut the costs of the financial system. Your statements may or may not be true.  We will only know what happens when we do it.

Me:  Well, until we find some way to eliminate the effects of wear and obsolescence by the physical universe and the force of competition, which my best guess is never, the necessity for the dual policies of
Social Credit/Wisdomics/Gracenomics will remain and become ever more urgent as capital in the form of buildings and other productive means continues to grow.

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The derivatives insanity simply must be unwound in some civil and sane fashion which means the Banks cannot be allowed to either steal the public’s savings or disrupt and/or collapse the entire system. Whoever is president must have the balls or the chutzpah to stand up to such naked domination by Finance.

wisdomicsblog.com