Me:
John David,
Have I ever said that making changes to the economy and money system would not entail a political fight? Of course not. That doesn’t have anything to do with determining what are the complete and effective policies that will actually wrest control from the current operators…which is what I’ve been talking about. As for being politically effective my suggestion that an outreach to the small to medium sized businessman is as good a grass roots political constituency builder there is because their interests dovetail with the efficiencies of Banking in the public interest and with the individual having a dividend and they receiving a rebate of their discounts to consumers. So again, I’m not unaware of the necessity of a political fight, and I’ve suggested what I think is an excellently marketable plan to create a constituency for that fight.
Bob,
You never answered how you would prevent inflation from occurring if you simply made it government policy to gift people with free education, housing, medical care etc. These things have economic costs and their manufacturers/providers WILL inflate the price of them unless you have an effective means of doing so that they will buy into. Any other policies will either be rejected by them because it will cause them additional expense (like additional taxation of businesses) or not work at all because as I pointed out the system IS monetary in nature and hence there is no way to control it effectively unless you do reduce prices where the whole process ends…at retail sale.
As for taking control of the creation of money, that is exactly what my tri-level banking system does. Presently the FED is actually the handmaiden of the big Banks who create whatever money they see fit to and to whom they so chose. With my tri-level system NO Bank gets to create money willy nilly and then go to the FED and coerce them with financial disaster. They can underwrite a loan…but it has to pass muster for underwriting, stability (as in no derivative/casino capitalism loans)and ethical standards regarding the who and what for of the loan….before the central Bank approves it.
Now THAT is ACTUAL and ETHICAL control of the system.
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In response to a poster:
Me: Well I’m sorry but that is an amalgam of wishful thinking, not well founded supposition and unpalatable taxation policies for both the individual and the businessman and so unworkable and undoubtedly politically undoable as a result.
On the other hand the elegant simplicity and effective placing of the dividend and discount along with a sovereign central bank and the structural efficiencies of the banking system as Ellen proposes resolve both the income scarcity and the domineering rule of the private Banks.
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Liam: But she can’t sell that to the state Treasurer. Crawl, walk, run. She’s working on crawl. I agree with you Steve, but she can’t sell that.
Me: Oh yes, I understand that. I’m just reminding that it’s important to understand that philosophy is always a priori/before and necessary for clarity and completeness, so that policy which is always a posteriori/afterward can be reflectively and precisely aligned with it.
Ellen’s article is an excellent and persuasive one regarding the efficiencies of a banking system that operates truly in the public interest. It’s just that we must not lose sight of the fact that in order to truly be in control of the both the economy and the money system we must account/compensate for all costs in the economy, not just the financial ones. Ellen seems to be more open minded and accepting of this than some here who get caught up in considering only the latter or thinking that eliminating the latter will in some vague way make the additional economic costs disappear.
Me: Thanks for your post Roger. I could not agree more that money has been an instrument of power even more so than one of exchange. There could be a sort of synchronicity at work as the last two entries on my wisdomicsblog.com site are entitled:
Grace/Gracenomics: The Loving Embrace of Uncertainty and the End of the Obsession With Power and Control and
Grace As In Inherently Worthy and Deserving of Love Due To Beingness Itself
My use of the word Grace is not solely within a Christian concept as I consider the state of Grace to be the experience that all of Man’s wisdom traditions point at. I will say that the emergence of the concept of Grace along with its integration with the concept of Trinity-Unity is probably the reason why Christianity and the West more so than the contemplative East with its Hindu, Buddhist and Judaic primary focus on unity, became the focus of “progress” and economic dynamism. Then, along with Science, it became a Trinity which is trying to find its way back to Unity. Grace and Trinity are extremely interesting concepts…and even more interesting and wonderful experiences.
Hopefully we can all help the world find a way forward from the pretentious Trinity-Disunity of mere Power, Knowledge and Control. I assert that this can and should be done by contemplating the many aspects of the concept and experience of Grace…and then formulating and applying economic and monetary policies precisely reflecting same.
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Me: Well I’m sorry but that is an amalgam of wishful thinking, not well founded supposition and unpalatable taxation policies for both the individual and the businessman and so unworkable and undoubtedly politically undoable as a result.
On the other hand the elegant simplicity and effective placing of the dividend and discount along with a sovereign central bank and the structural efficiencies of the banking system as Ellen proposes resolve both the income scarcity and the domineering rule of the private Banks.
JD: Bob,
I like what Steve called your “amalgam of wishful thinking, not well founded supposition.”
You consider good points like ending the profiteering on war, healthcare, and education.
Me: JD, I said that because those things won’t automatically occur POLITICALLY just because a public Bank is set up. Again, the political fight must be to implement a dividend, the discount AND a Banking system that acts truly in the interests of the public. But freeing the individual and enabling the system to actually be free flowing MUST BE THE FIRST AND PRIMARY GOAL. Why? Because the freedom from coercion regarding employment for one’s survival….especially as there is less and less employment rationally available…AUTOMATICALLY FREES THE INDIVIDUAL AND TRANSFORMS THE SYSTEM FOR BOTH THE INDIVIDUAL AND THE SMALL TO MEDIUM SIZED BUSINESS COMMUNITY.
AFTER THAT, the efficiencies of a Banking system operating in the public interest will be a routine economic consideration.
FREEDOM is the object….not mere reform.
JD: Steve,
I hear you. As to which must happen first is really
a tough call, perhaps since they appear together
they must be vanquished together.
Me: 90+ years ago when Social Credit was a growing world wide movement WW II “occurred”, and afterward the REFORM of Keynesianism became the Cartel’s fall back position. If Social Credit would have been implemented instead, hundreds of millions of lives would have been saved and the history of the remaining 20th century might have been entirely different.
Structural reforms are trumped by new ideas and paradigms….every time. Ideas and paradigms go to the source. They change individuals and systems. Reforms are merely laws, merely outward change.
Transformation first and necessarily! Regulations and reforms…right along with it.
JD: Steve,
OK, so how do we go about transformation as you see it?
Educate a sufficient number of people about SC and PB?
Me: We market it intelligently. The first rule of successful marketing is to show someone how your product is in their interest. Everyone (even the most “principled” libertarian after their wives see everyone else buying things with their dividend payments) has an interest in having more money. The small to medium sized businessman has an interest in there being more available money in everyone’s hands to purchase his products/services, and he also has an obvious interest in selling his product at a price well below his actual costs which is what the discount will enable him to do….because he gets all of his discounts back….to the penny. Hence Project Money, Wisdom and Grace which is the grass roots movement necessary to herd the entirety of the political apparatus toward the policies that will effect transformation, and which I called The New Powell/Hummel Memo when I posted about it a couple of times a while back.
I see PB has started a new outreach program called What Wall Street Costs America. ……Good idea. Project Money, Wisdom and Grace is an even better idea because it hits people and businesses right where they are feeling it…right now…and always, and again….it’s something they already want…it’s just that they don’t know it is actually possible, so its both a learning and an awakening experience for them…at the same time.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 