Once you have passed over into Social Credit theory you will have forever abandoned any further allegiance to economic orthodoxy. In fact you will have passed over into allegiance to Wisdom, and the game of Wisdom is both a broader game itself and a broader understanding and ability to apply that wisdom to Life and Living.          Steve Hummel 10/01/2015

Challenge. All other things remaining the same, as retail sale to an individual is the terminal end of both the productive process itself and also the sum of all costs for any item or service….how could a discount to prices at that point , especially if it was fully rebated back to the retail merchant, possibly do any harm to any enterprise?….and why is it not part of the answer to not only the chronic inflation that dogs advanced economies, but also an opportunity for leaders and economic policy makers to seamlessly create beneficial price deflation even within profit making economies?

wisdomicsblog.com

Stuart,

Please understand where I’m coming from. I’m basically in complete agreement about the forces in play that you describe. I’m asking for only two things:

1) Recognize the correct idea/paradigm that will solve the actual problem
2) Take that idea/philosophy and the valid policies aligned with it and start a mass movement with it.

In other words ACT. If you have the right ideas you cannot be distracted, fooled or deterred. We would be better off to basically ignore the economists, the pols, the naysayers, the bought and the clueless and disinterested. Declare the idea, explain the policies, give people hope, they’ll relate to that. Give them indignance with a heaping dose of peace/conscientious objection and help them visualize and demand a more prosperous and beautiful future for themselves and their families….and then just keep on acting, keep on communicating that.

So I’m not asking anyone to put on any rose colored glasses, but rather their reading glasses to more clearly see the actual solutions to the actual problems, to better see the integrations necessary in the economic, monetary and political systems so they cannot be picked off, cannot be divided and conquered, do not get bribed and/or become a compromiser with the powers that be, when we’ve already won the populace over and so the wealthy and powerful must give in to the masses.

Public Banking and Social Credit are the right combo, the right integration for that mass movement. Their mutual truths, applicabilities and workabilities are the basic answer. Push that, ignore the uproar, and help the general populace visualize hope and Grace which is Love IN ACTION, concern for one’s self and family IN ACTION. Look, understand and ACT. Cynicism must fall by the wayside. It is a stumbling block to ACTION. Without a vision the people perish. Believe me, I’m on your side, and basically, if not completely, everyone else here as well.   We just need to pull together and ACT.

An integration consists of only full truth(s), applicabilities and workabilities. It is not compromise which is a prescription for continual Dualistic conflict, instability, reactionary “thinking” and “progression” no where or backward. An integration has a full and essential ethical component to it as nothing in human affairs/human systems can effectively be truly conscious without such consideration of the Other. It is not a palliative, it is not an omission of facts or as per above, of ethics. It is an actual solution to actual problems deciphered and perceived by the supremely discerning discipline of Wisdom…which is the integrative process itself described herein. An integration enables authority without authoritarianism, correctness without puritanism and truth without absolutism and dogmatism. Sufficient integration(s) ultimately lead to the concept and experience of Grace which is the pinnacle concept and experience of Wisdom, and the trinitarian-unitarian integration of the mereness and incompleteness of dualisms. Integration is a Trinity-Unity as expressed in the first sentence of this definition. Trinity-Unity is replete in physical nature and in human nature as well, if one chooses to look at them. The cycle of action of the physical universe is Start, Change and Stop. + and – charges interacting/integrating is electricity. A tree is a unitary composite of  its trunk, branches and the roots from which it arose. A human being is a composite of body, mind and self awareness/consciousness. The state of Grace is the natural and complete integration of Space, Time and Self Awareness/Consciousness. All relevant realities are real, some realities are more primary, essential and a priori than others. Integration-Wisdom, Trinity-Unity and Grace-Balance, Equilibrium and Flow are primary, essential a priori realities.

Beauty resonates because it is a harmonic of Love. The natural experience of grace is love in action and the pinnacle of human wisdom and hence is a kind of ultimate beautiful experience as well. Excellent and insightful talk.

And yes, ethics and aesthetics are an integral aspect of being human. Ethics is a beatific chain and aesthetics its thankful reward.

All relevant realities are valid, and must be expressed for the full expression, proper functioning and complete understanding of Life and Living.

The perceived signature of Nature is Duality. The signature of Grace/Self Awareness/Consciousness and actual nature of Nature is Trinity-Unity.

The concept and/or the experience of Grace is a NATURAL integrated Trinity of Self Awareness/Consciousness and the Duality of Space and Time.

Human systems to be complete and actually conscious must have consciousness as a component part of their philosophy, and to be integral have their policies reflect that philosophy…and the conscious component part of it as well.

Banking has become a monopolistic tyranny and false, structurally incomplete Duality and equally false reflection of Unity. To be complete and reflective of the actually trinitarian-unitarian nature of reality both structurally Dual and trinitarian components must be established, expressed and their essential purposes understood.

Private Banking must be prevented dominating the economy by claiming its present right to a monopoly on credit creation, and its equally dominating claim to ownership of the credit it creates out of nothing. (Such nothingness, again, being a false reflection of the nothingness of consciousness itself.) Thus Private Banking must be restricted to aggregating and using only priorly created profits and savings.

Public Interest Banking must have a countervailing structural expression in all three spheres of life, governmental, commercial and individual, and a third trinitarian-unitarian central banking expression must create and distribute any additional monies guided by and based upon an ethic, the philosophy and economic policies of Grace as in gifting. Grace, again, is a trinity itself, and gifting is the applicable conscious trinitarian-unitarian aspect of Grace and the actual solution to the generally unperceived but empirically and mathematically observable fact of the commercial/productive system being inherently cost inflationary, and thus requiring gifting as policy mechanisms and as the only ACTUAL solution…all other policies being mere palliatives of the inherent disequilibrium of the economy and the present monopolistic claims of Private Banking.

Having such a trinitarian-unitarian expression of Banking brings consciousness to Banking.

As David Graeber has shown us Finance has been a problematic, that is automatically a problem, business model for over 5000 years. It’s way past time to deal with it terminatedly.

Hence we should make private finance only 100% reserve Banking, that is only able to use prior savings and profits and so not able to leverage those funds X10 or X35 like the TBTF Banks did before the 2007 crisis occurred, and all other financing, whether governmental, commercial or consumer, a disciplined public utility that charges a 1-1.5% rate of interest to pay employees and rebates any profit back to the government for things like defense thus lowering taxes on everyone.

Then distribute a universal dividend equal to a satisfactory middle class lifestyle to fill the gap in individual incomes created by the empirically decipherable fact of commerce itself being cost inflationary, and discount any other incidental excess prices or diminutions of money (profit, savings, re-investments) from the circular flow of the economy back to the individual at a percentage that causes actual price deflation within a profit making system, and we can all progress toward a system where money becomes a ticket for the distribution of our abundant capabilities to produce.  With these gracious and enlightened policies, other gracious but effective regulations as guides and an emphasis on man’s higher mental capabilities we’ll have a Wisdomics and a Gracenomics that will enable a new age of Wisdom and Grace to take hold, evolve human systems and enable humanity to pursue their then prosperous and self determined dreams in peace, purposeful activity and joyous discovery. No system will ever be perfect and neither will individuals, but enabling individuals to be economically free to self determinedly create their own utopian ideal scene in a Distributist economy is the expression of individual freedom itself, not a one size fits all top down mistaken historical template for  tyranny like Finance Capitalism or an equally hierarchical Socialism. Removing the largest and most time consuming barrier and burden to that expression of individual freedom combined with a rational and spiritually resonant ethic of grace/graciousness is the way out of the enslavement of homo economicus and the way home to the greater expression of our complete nature.

If this is the “next leg down” for the economy and the stock market there must not be any bail out of the Banks, but a modern debt jubilee that resets the economy and a universal dividend that makes up for both the loss of pensions that a massive stock market fall would destroy and also for the long term erosion of individual purchasing power due to the cost inflationary nature of modern technologically advanced commerce itself; and then a discount mechanism which progressively lowers prices toward the goal of making money a ticket for the distribution of our tremendous ability to produce.

No more palliatives. No more rigged against the individual basically unstable systems. No more libertarian worshiping of markets and no more reactionary socialist “solutions”. Let us have a true Distributist alternative system that monetarily integrates ONLY the truths, workabilities and applicabilities of a dynamic capitalism and the democratic intentions of socialism. Complete and whole reality is always an integrated Duality that reveals/results in a Trinity-Unity.

Finance has always been a problematic business model as David Graeber has shown. Saturating the entire economy with overt gracious giving and giving back and forth between parties within it can both make the economy truly efficient and reflective of its abundance at the same time.

Poster: “Ideas usually don’t matter all that much in the history of the world — except at those points of protracted crisis where old systems have stopped working and new systems begin to take their place. At those key moments in history, ideas — and the moral vision that animates them — become capable of sparking far-ranging transformative change.”

Me:   I agree back, but I would put it this way:

Ideas always matter, most especially a current paradigm, it’s just that difficult times and crises tend to push people into present time sufficiently to consciously become aware of the necessity of changing old, unworkable and inadequate ideas/paradigms for new, more relevant and adequate ones that would free both the individual and the system.

……That is extended to all businesses, not just retail. Offering to pay their overheads and profits down to the point of eliminating all costs over and above original financial costs. They are also relieved of the necessity to pay any welfare, unemployment, pension and eventually even social security taxes by the universal dividend and thus can increase their net profits accordingly. In exchange for additional profits coming to them from the elimination of those costs they agree to discount their prices to the businesses next in line toward retail, and also not to raise their prices for any reasons other than absolute necessities. The discounts are awarded/rebated back throughout the entire productive process.

A truly public central bank could issue all new credit whether it be governmental, productive or consumer at 0% being careful that credit was not issued without a rigorously researched business plan, was for a worthwhile public pursuit of government (infrastructure, Defense) that was also voted for via referendum first and in the case of consumer credit that the individual was securely creditable. Reasonable regulation of consumer borrowing. like an upper limit of 10-15% of one’s average monthly dividend in additional debt service, could also be made a part of the system.

The dividend would eliminate any scarcity of individual income, insure a satisfactorily middle class lifestyle whether employed or not and a truly abundant one if employed. The discount at retail sale to an individual could catch any additional or incidental costs at the very end of the productive process. Banking would truly become a public utility. Private Investment banks could utilize savings and profits, and be regulated to pursue only ethical pursuits that edified, worked toward producing more with less actual resource usage and looked to pursue goals that integrated both profit and the common good from a future oriented perspective, and we could all progress toward making the economy and the money a still profitable yet naturalized ticket for the distribution of production instead of a mad, insensitive, rigged, frenetic and self destructive pursuit of power, profit and control.

Finance has always been a problematic business model as David Graeber has shown. Saturating the entire economy with overt gracious giving and giving back and forth between parties within it can both make the economy truly efficient and reflective of its abundance at the same time.

Again, Corbynomics is superior to the idiocies and tyrannies of austerity, but its not a complete or actually workable solution.

Inflation will occur. Why? Because it can, and because there are no mechanisms implemented at the correct place and Time that can not only compensate for that inflation….but create price deflation…and yet preserve profit making entities and systems as well.

Hyperinflation will likely not occur because it requires a compliant central bank in league with speculators, but 4-5% inflation which for the individual is probably actually double that is a prescription for the rapid erosion of purchasing power and profits that will have businesses squawking, angry constituencies blaming liberals and regressive forces taking advantage and saying “I told you so.”

Corbynomics/MMT is Social Credit for government. It’s not QE for the people, or raining money on Main Street. Its raining money on 10 Downing Street and Parliament. It is disingenuous. It has half @ssed reach and half @ssed monetary and economic mechanisms.

Kill the messenger and revile the fool on the hill, but we need to do the adult, responsible, freeing, comprehensive and wise thing.

Poster: But the government can use the credit to do a national dividend.

Me:  Yes they can. And a discount mechanism as well. But with the short term uptick in the economy that long term wisdom is likely to be invalidated as unnecessary and further inflationary…..so NOW is the time to begin the process of integrating Public Banking and Social Credit in a mass movement to create the truly workable, free, comprehensive and actual solution.