The world is awash in orthodoxies of all kinds, religious, economic and monetary,and even the hard sciences are afflicted by it to a much greater degree than most people are aware of. An orthodoxy doesn’t have to be completely wrong, and generally isn’t but has particles of truth and untruth embedded within it,  but if one is not willing to accept that it is not completely right….then it’s just an orthodoxy and the advocate of it traps himself within it.

Wisdom, part of which is the process of the complete and thorough examination of problems and their solutions with the intention of increased freedom for everyone and everything is always the best and most complete policy. The very best thing we can do is consciously and committedly drop every opinion we have and honestly give things another look. That’s look as in literally looking first at the empirical evidence and secondly, the theory that follows from the evidence. We need to ask ourselves very basic questions about what would benefit all parties involved in the subject under discussion. Economically speaking this means asking ourselves questions like: “What is the the most basic thing that would benefit the individual and the business community?” “Who are the powers of the present system that are preventing such benefit, and how can we best change that?” and “Are there any systemic economic realities we are missing?”

Again, economically speaking, all other basic factors remaining the same, what would make exchange better between business and the individual? The answer to that is a continuous flow of actually available money in the hands of individuals to purchase production. That is the most basic need (a steady flow of money) and the end purpose (consumption of production) of economics. And as to who are the powers that are preventing this from becoming reality? ….that would have to be the Banks and Banking system who create our money and who restrict such free flow either by denial of money at all and/or by restriction on the type and vehicle for its distribution, like for instance for production only and as loan only.

Finally, is there any systemic reality we’re missing? Yes, businesses have other costs than the original financing they almost all have and continue to have throughout their existence. Hence the rate of flow of total costs and so prices will always tend to exceed the rate of flow of total individual incomes actually available to purchase production from moment to moment. Hence a supplemental income direct to the individual that is not associated with employment/the productive/economic system itself is necessary to equate total individual incomes available and total costs/prices to create a free flowing economic system,  and a discount to retail prices which is where all costs for any item or service are totally and terminally summed must also be implemented at a rate sufficient to not only reduce the cost inflationary nature of the system, but at a rate that substantially produces price deflation  and so an increasing monetary freedom for the individual and liquid free flowingness to the system.

A couple of observations here. First John is right nationalization of the credit system is doomed to end up being tyrannical….unless the central bank’s policies are the definition and epitome of individual economic freedom and systemic free flowingness itself, and that means a present moment numerically satisfactory middle class lifestyle guaranteed to the individual even if they do not work with the combination of the Dividend and Discount policies. This will then enable the re-distributive taxation and governmental apparatus to be economically reduced. An adjunct to welfare, chintzy $4-500/mo. Dividend and 3% Discount will simply “free” the ever increasing hordes of AI and innovation unemployed into second class economic citizenship and the taxation that already oppresses the small to medium sized business will continue and undoubtedly increase. That would be neither a workable nor an individually or commercially satisfactory system, and would not have a vector toward more freedom but rather increased and increasing conflict.

Second while in certain ways I admire Bernie Sanders and the intentions of Socialism (I am a child of the 60’s and 70’s, my major was Political Science and I come out of a progressive “conflict”/Marxist perspective.) ….and yet socialism is not the ultimate answer, but rather the thorough integration of the best aspects of both capitalism and socialism. I DO NOT ADVOCATE Capitalism, but Socialism will NEVER fly in the business community. To push it as a solution is mistaken and ignores the overwhelming contention it will engender. A higher, more workable and more freeing third and unifying solution is the way out and the way home to the freedom we all seek.

Grace by its definition is a wholistic, completing and hence is not only satisfaction for a moment, but satisfying from one moment to the next. In other words it is continually satisfying, not in a sated and debauched or even an exhausted sense, but a flow of satisfaction that simultaneously enables virtually every variety of normal and healthy experience for the individual to participate in and/or to occur to them and yet still to be integrated within them in a positive and constructive way.

Grace is satisfying, continual satisfaction.

Integration/Wisdom: Full Definitions, necessary conditions, distinction from compromise,

Grace/Trinity-Unity:  Aspects, Nature, Reality and Examples of as in [Self, (Space and Time)],  in Physical Universe micro and macrocosm, Mental Ascendency of Data, Concept and Self Knowledge, Progression of Logic of Dialectic/Cosmic Code

Socio-Economic, Monetary, Political, Systemic and Personal Applications

Gifting doubly blesses both giver and receiver. So much so that gifting has the power to immediately raise the emotional tone of all but the most emotionally repressed. A continuing national gift of supplementary income could totally transform and raise to very healthy levels the emotional tone and attitude of everyone.

Most of the time when first engaging in conversation with another the first question is: “What do you do?” as in what do you do as work.  This is fine of course, but as innovation and AI increasingly eliminate work as we know it, it would be better and more apt for us to ask: “What is your purpose in Life?”  This is a much deeper and more reflective question to ask and ultimately more important and satisfying as well. Let us prepare for the future by making sure that we have a positive and satisfying response to that question.

It’s the intersection of a cost accounting economic reality and a Banking and Financial Monopoly.

Excess costs like depreciation etc., diminutions of money from the circular flow and reduction of individual income due to innovation and AI meet the self interested refusal by the Banking system to create any vehicle of distribution of money save a loan which of course adds to the costs of the system, continually builds up debt and hence prevents the actual resolution to the problem which is a supplemental gift of income to the individual and a means of halting and reversing the cost inflationary nature of the system.

I agree with both Dean and John here. It’s important to understand the mechanics of the money system and yet it’s even more important to see the whole system, history and the forces that guide and dominate it. Finally, it’s most important to understand the ideas underpinning the present system and how an alternative idea…would prevent the present powers from exercising their will via distraction, confusion and half truths/lies. That is, that when the self serving system of the Banks collapses the individuals of the nation are liable and responsible for its effects….and the only way out of it is the coalescence of an international financial system….rather than independent nations guided by the deepest and most ethical idea in the cosmos Grace. Grace as in the free monetary gift, as in abundance, as in individual freedom,  as in systemic free flowingness and as in subsidiarity of power, profit and control to the Wisdom and necessity of ethics.

JH: Thus, defaults on both Treasury bonds and on demand deposits will not be allowed to happen.  It would be economic and political suicide for any administration foolish enough to allow it to happen.

Me:  The threat of implosion alone would be enough to herd the non-comprehenders in economics and government toward a consolidation of the powers of Finance. Fear and ignorance have been used by the powerful repeatedly throughout history. We need alliances amongst ourselves and with the the largest constituencies whose interests it is to have more individual monetary abundance and a less onerous and price efficient economy, namely the consumer (everyone) and the small to medium sized business community (the vast majority of enterprises) .

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I completely agree with all of that. Except that despite the fact that deposits are a liability to the Banks….they won’t treat them that way when the SHTF, and as Ellen has pointed out current legislation will lawfully enable them to do so. Power does as it wishes assisted by politicians and economists…and their various orthodoxies. All the more reason to have the philosophy of Grace of Social Credit and its aligned policies implemented in the economic, monetary and political systems in as well thought out a fashion as possible and proactively trying to deal with both the moves of the powers that would oppose it  and also toward the goals that Douglas envisioned where money increasingly becomes a ticketing system for distribution of production. This is why I believe the Dividend must immediately be sufficient to free the individual from coercion by the Banks, by government or by the business community. A virtual equilibrium can be attained at multiple levels of income especially with a Discount mechanism that sufficiently reduces prices to consumers (say by an arbitrary percentage of 40+% or more) which sufficiently reduces the rate of premature cancellation of individual purchasing power and changes the entire vector of the economy toward what Douglas envisioned it would become. The Dividend and Discount mechanisms being true macro-economic tools can be used to accomplish this. They are themselves the anatomy and component parts of equilibrium and again, also the means of “getting us home” from the current system and any of its subtle orthodoxies. None of this means there couldn’t or shouldn’t also be rational and ethical regulations (aligned with a philosophy of grace as much as possible) But let us have immanent transformation….and regulation right along with it.