Why rely upon a system that can and will be gamed, that ignores the fact that there are additional flows of costs in the economy over and above interest and that not only isn’t “into” pain and obsessive moralism, but can integrate both individual monetary abundance and price deflation at the same time?

**************************************

Old Guy:   Can the Private Sector in any country hire everyone of its citizens? I will leave it at that unless someone replies to the question including you Mish.

Me:   Of course they can’t. Engineers, innovation and AI have been trying to free mankind from employment…..and Bankers who refuse to give up their monopoly paradigm of loan ONLY, and economists who refuse to look at the flow of additional costs that continually raises the flow of minimal prices….have missed those facts. Full time employment participation rates and aggregate incomes prove this and again, with innovation and AI have no where to go but down.

Sorry, you’re all nascent social crediters.

Old Guy:  Well chdwr thanks for the reply my point is the government will always hire people contrary to what Lucas thinks government must have people to function. Yet people think the country will run itself and all the infrastructure and ports, and various departments must have people. They are not slackers or bad for being a civil servant.

We will never agree on everything and you and I know that well do we not hehe. There will come a time when your social credit or a basic income will come to all in the future. I will grant you that and have in the past. I have also posted many times about debt forgiveness. But it will not happen for citizen debtors in this period of history.

Me:   Thanks for the acknowledgement of the inevitability of Social Credit. But it doesn’t take a long time to make such changes…only the awakening to the fact that the present system is completely unethical…..without them.

As for government employment, not only do I acknowledge that there’s an awful lot of it that is unnecessary and only exists to (vainly) attempt to fill Social Credit’s “Gap”, but you could wildly increase it and it still would not stabilize or equilibrate the economy….because the government money is injected into the economy via the enterprise of government or some private enterprise…..AND HENCE RE-INITIATES THE INHERENTLY COST INFLATIONARY NATURE OF A HIGH TECH CAPITAL INTENSIVE ECONOMY.

The Great Earthly God of Finance decreed that there must be no understanding of the additional costs of depreciation, nor of the monetary concepts of Grace as in the free gift, or that of the Directness of such a gift from the keeper of the individual’s trust… government with mandated policies aligned with individual monetary freedom and systemic economic free flowingness.

Cursed be he who enables the populace to eat of the fruit of the tree of economic empirical observation and freedom.

An important fact and definition:

Depreciation/Depreciation Allowances to Businesses: A “stay of execution of costs”, NOT a forgiveness of same.

Hence, by cost accounting convention that all costs must go into price, and even in the completely unfettered operation of the economy, the flow of total costs/prices will always tend to exceed the flow of total individual incomes distributed with which to liquidate said costs/prices.

This includes even monies distributed by government that actually go into the economy via some enterprise and only thereafter become individual incomes because these monies are then subject to incurring the ADDITIONAL SYSTEMIC costs like depreciation etc.

The only actually ethical solution to this systemic economic dis-equilibration is a direct supplementary gift of money to the individual via a universal dividend and/or a gift of price discount to the individual at retail sale. And even if the system can be “kicked down the road” for long periods of time before/despite eventual collapse it is unethical because it makes the individual serve the system the entire time instead of the system serving Mankind generally.

Paradoxically, Man is only free when he is conscious of and actively overcoming known obstacles toward self chosen goals,  and also in accepting of the beatific chains of ethics as a necessary condition for his humanity.

You can choose to live an increasingly austere lifestyle amidst tremendous productive capability by not borrowing, but if you borrow 95-98% of us will become debt slaves.

****************************************

Debt slavery is NOT an option for 95-98% of the population who wants a middle class lifestyle. And if you choose to live an austere life without borrowing….it will become increasingly austere. That is the edict of the cost accounting convention that ALL costs must go into price coupled with the the monopoly paradigms that debt is the only vehicle for monetary distribution, and ONLY distribution into the economy first instead of directly to the individual.

The essence of Grace (whether personal or monetary) is that it is a gift with no irrelevant or self interested strings attached.

If you want to fight against war, debt slavery and their inevitability fight the idea that money can only be distributed as debt via a loan. Cultivating personal graciousness is the responsibility of everyone, and monetary grace as in the free gift to the inheritors of our culture of tremendous productive capability is the only valid economic way to create economic stability in a micro-economy governed by the cost accounting convention that all costs must go into price, a high tech world where innovation and artificial intelligence is disruptively destroying aggregate individual income and scarcity is no longer the primary reality.

Draft Lottery number: 336 Even volunteer armies become onerous when unethical foreign policy and equally unethical monetary, financial and economic stupidities and absurdities have gone on for as long as they have now. Wisdom, Grace and Peace!

Grace is consciousness. One can argue whether it is the Grace of God, or simply Grace as consciousness itself, that is an entirely different question, but the experience of Grace is a state of consciousness, a non ordinary state of consciousness. As a conscious being Man cannot get away from himself. As the zen saying goes: “Wherever you go….there you are.” He can deny himself, neglect or invalidate himself or even distract himself from himself to the point of forgetfulness of his self hood as way too many modern individuals have done, but he still remains conscious.

Grace/Consciousness is ever present/omni-present and is always concerned with the ethical effects of one’s actions/systemic policies, and as Grace/Consciousness is also the superlative that means that Grace/Consciousness is always concerned with having the very best ethical effects of one’s actions/systemic policies….and so should be the Banking system. Ellen Brown’s call for a Public Banking system as in operating truly in the interest of the Public.

Grace/Consciousness is forgiving as in forgiving of Debt, particularly coerced and/or undue Debt….as is a call for a Debt Jubilee. Steve Keen’s call for a “modern debt jubilee”.

Grace/Consciousness is sovereignty as in sovereign grace, sovereign power to act/enact as in gracious national sovereign control of the money system. Positive Money/Sovereign Money

Grace/Consciousness is the highest state of Wisdom and the concept upon which the theory of Social Credit is based.

Wisdomics/Gracenomics is the conscious philosophical and natural metaphysical study, alignment with and application of Grace to the economic and monetary systems and Social Credit’s policies. It proclaims the fact that all of the leading reforms and cutting edge theories have as their basis one or more of the aspects of Grace/Consciousness, and that their integration, as Wisdomics/Gracenomics, is the necessary combination of those economic and monetary reforms and theories.