Posted To Steve Keen’s Podcast 01/25/2025

The banks are obviously the most powerful entities in the economy because their “product” is money as in debt and as you say capitalism is about money and its accumulation. But what is even more powerful than even their systemic dominance? Its their ability to wield a monopoly paradigm concept of Debt ONLY for the creation and distribution of all new money which they wield, and this monpoly concept is unconsciously accepted, because it has been acculturated for the entire course of human civilization. All paradigms are foggy realities for the individual for this reason and because they are like breathing, i.e. they are essential and powerful realities but we’re generally unconscious of them until we can’t breath or the entire economy freezes up because debt obligations/”innovations” cannot be met.

All new paradigm concepts are in complete conceptual opposition to the present paradigm like central/not central (Copernican cosmological paradigm), tribal nomadic hunting and gathering/homesteading, urbanization, nation states and agriculture (Small decentralized to large organizational civilization) Money creation ONLY as Debt as in the burden to repay ONLY to New money as both Debt and as strategically economically integrated Monetary Gifting.

Posted To Stephanie Kelton’s Substack Newsletter 01/24/2025

Unfortunately economists have not perceived the primary reason for inflation which is the human civilization-long monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money wed to the largely delusional body of free market theoretics which is a complete misnomer for what it actually is which is alternately goosed and strangled and continually dominating monetary/financial chaos. The proof of this, which has been repeated many times historically according to Ms Kelton’s colleague Michael Hudson and others, is the great financial recession of 2008 where finance’s “innovation” screws up the economy and then they are bailed out while the individual is forced to “go scratch”.

A new monetary paradigm of Direct and Reciprocal Monetary Gifting strategically integrated into the Debt Only system with the same accounting operations the banks use to create money only as debt, namely equal debits and credits that sum to zero, specifically at retail sale with a 50% Discount/Rebate policy and a 50% Gift of Interest/Debt Jubilee at point of loan signing and the spell of finance’s monopoly monetary paradigm is ended while the individual’s purchasing power is mathematically doubled, chronic erosive inflation is transformed into beneficial price and asset deflation and the delusion of free market theorietics is replaced by universally abundant monetary free flowingness which is the goal of economic theory. A few more regulatory and taxation tweeks with real teeth, and the new monetary paradigm is a temporal universe reality observed and experienced by all.

Introducing: The National Bank of Monetary Gifting

Which will both gift the individual and commercial agent with a 50% debt jubilee and an interest rate no higher than 3% if their credit is good and they cannot get such rate from a private bank.

Competition is an economic virtue, paradigm changes are virtually universally progressive phenomena and monopoly paradigms are by definition domineering and hence unethical.

The Serendipitous Thing About Discovering The New Monetary Paradigm

Discovering that the applications/policies of the new monetary paradigm was actually ALSO the greatest opportunity for virtually everyone to self actualize gratitude since meditation and prayer.

And why? Because the concept behind every historical paradigm change is grace as in:

1) discovery/cognition, increased awareness,

2) trinity/unity/greater integrative oneness and resolution of duality/problems/opposites, AKA Wisdom,

3) love as in integrative, unitary, dynamic and satisfying personal action…and as policies are the actions of systems, the application of the relevant aspect of grace in our temporal universe systems, bodies of knowledge and areas of human endeavor, i.e. the unity of the opposites of the mental and temporal, and

4) as serendipity is the unexpected windfall and an aspect of grace, the seeming opposites of money and spirituality are aligned and integrated by the aspect of grace relevant to the monetary system…which is gifting…which action elicits the aspect of grace known as gratitude.

Simply Leveraging Up Does Not Recieve Any Discount Or Rebate…

…unless it is for an actually productive purpose and/or aligns with energy research and ecologically sane goals. Purely financial speculation like shorting or for derivative craziness like in 2008 will not be supported by and are contrary to the goals and purposes of the new monetary paradigm.

Posted To Steve Keen’s Podcast 01/11//2025

The new monetary paradigm of Direct and Reciprocal Monetary Gifting and the twin policies of a 50% Discount/rebate policy at retail sale and an additional 50% Gift of interest to the banks/50% Debt Jubilee at point of loan signing will enable the consumer to purchase a $500k house for $125k and all agents get their full price. The new monetary paradigm and money creation via the accounting operations of equal debits and credits that sum to zero resolves the housing crisis, chronic inflation and chronic inadequate individual demand. TRANSFORMING ECONOMIC THEORY IS ALL ABOUT THE NEW MONETARY PARADIGM!

The ultimate means of financial regulation is the new monetary paradigm of Direct and Reciprocal Monetary Gifting strategically implented at retail sale and point of loan signing. Finance owns the joint because they wield a MONOPOLY paradigm for the creation and distribution of ALL new money AKA Debt ONLY.

The New Monetary Paradigm Undercuts All Economic Theory

Why? Because money is the very enabling tool of the economy, and monetary profits are the strongest impulse of capitalism. Thus, as the new monetary paradigm is Gifting it increases both economic activity and potential profits.

The new monetary paradigm resolves the major problems of the system under the current anomalous paradigm most importantly our energy and ecological problems, because the increased individual and commercial monetary and economic security resolves the current conflicts to rational action of cost, price and profitability.

The Point Of Monetary Gifting…

…is not conspicuous or even necessarily additional consumption, but rather individual monetary security, systemic economic stability and most importantly, the opportunity to greatly increase the self actualization of grace as in gratitude.

The Reason The Bourgeosie Slid Back Into Oligarchy

They failed to see that the root problem was Finance’s monopoly monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money, and that the new paradigm of Direct and Reciprocal Monetary Gifting integrated into the Debt Only system would sufficiently unite their’s and the working class’ self interests to dethrone Finance.

Economics: The Covertly Dominating Religious System

Its theorists’ concern for the individual is largely abstracted out by the pompous and presumptuous liturgy of science, and its human civilization-long acculturated high priesthood of Finance reigns almost entirely unperceived. Even its adherents are afflicted by it.

We’re still working our way through The “Enlightenment” and The “Reformation” because we threw the baby of graciousness out with the bathwater of pre-scientific religious dogmas and the now increasingly monopolistic orthodoxy of Science Only.

Self aware beings unite! All you have to lose are your chains!