Excellent historical article, but remember the “montes” all went bankrupt until they incorporated interest and profit into the system. Right along with state public banking (and the additional elevation of that concept to a public central bank operating in the true interests of the individual) we and the system require a supplementary gift of individual income to remedy the moment to moment actually available scarcity…thereof.

Do you see how the integration of an expanded concept of Public Banking and the Social Credit insight is both a structural balancing of the system and the evolutionary and paradigmatic/ideational balancing of it….and so the full solution that is required?

Grace as in Gifting is required to solve the system’s nonfunctioning. Another aspect of Grace is continuousness as in flow, that is, one of the aspects of Grace is its “verbishness”, its action and effects…within and through Time. Grace is THE ONLY concept that integrates and IS, BOTH an idea AND action….at the same time! You as a body and an awareness are a human individual system existing and flowing through time. The economy and monetary systems are human systems….doing the same thing. They are aligned with each other in this sense. One of the aspects of Grace. as previously posted here, is its alignment/alighningness (idea and action) Understanding and applying the aspects of Grace is both the personal psychological answer and the economic and monetary one as well.

One can of course identify with the outraged sentiments toward the financial powers that be, but when we see statements like, “there is no alternative” you can be assured that this comes from either an amnesia/ignorance of political history or from talking points drawn up around a vector analysis board somewhere that is designed to snatch continued covert financial dominance from the mouth of freedom by presenting the false dualism of capitalism versus socialism…neither of which has ever freed the individual, but rather has always slumped us back into the mud of elite tyranny.

There is a third way! And we must burn that conscious freeing truth into our minds and never forget it or allow it to be compromised. Fight monopolistic financial ideas and mindsets with competing and balancing ones of equal or greater power! Fight elitist political philosophies with the intention that the individual be served by both immanent economic freedom and the concept and ethic of decentralization/subsidiarity! We can finally get it right if we chose the balance, equilibrium, flow and freedom of systems based on the natural and psychologically powerful aspects of Grace…not power. All agendas can rally beneath and be included within this all encompassing idea and intention. For the sake of ourselves and our posterity let us have the strength and the Wisdom to chose that greater aim!

Patrick Collins:  That’s why I tend to doubt Syriza’s intentions:  they could have
already introduced a local within-Greece-only currency, which would
have been a great starting-point for a first level of “subsidiarity” –
national vs international.
And hopefully that would lead on to state and local/city currencies
&/or at least banks like BND.

Me:  You know I don’t doubt Syriza’a intentions, it’s just that even with good intentions political and financial systems based more on power than on individual freedom….will inevitably result in elite tyranny. Ironically, if you ACTUALLY place the individual’s freedom first by implementing economic and financial freedom to them via a dividend and a retail discount and making it clear that Grace is the zeitgeist of the age….power and control can still be utilized, but they will be tempered if not redeemed by that ethic….because Grace is real and indeed it IS redemptive.

A supplementary income is necessary both to balance the glaring monopoly paradigm of Debt enjoyed by the private Banks and to actually solve the excess costs aspect of the gap caused by the additional and necessary replacement costs of capital equipment and other business expenses and which consequently makes the system unstable and non-functional.

You have to actually look at and confront the empirical evidence as described and then just do the calculus. If you don’t actually look at it…it doesn’t compute for you. If you don’t look at both of the mechanisms of Social Credit or you only look at the dividend part, you don’t see how they create and maintain equilibrium. On a scale of knowledge, that is a scale of knowing how to know, Looking is right below the absolute highest way to truly and totally know something which is….simply knowing it. Looking, observing, observation in the temporal universe is the ethic of true science. It is also the way that zen monks attain and develop the focus to consciously maintain satori in each successive moment of time and which is description of and just another word for Grace.Looking leads to recognition of the truthfulness or falsehood of data and if the former cognition of how it fits as a solution to a problem. The empirical data, their full implications and the calculus of those implications severely need to be actually looked at…because they actually resolve the economic and monetary system’s deepest problems.

By the way here is a funny and validative video of Lee Camp regarding Basic Income:

davidvvv:  It’s not that mysterious, they can couch it in whatever terms they choose, at the end it is just that want other people to pay more taxes so they can get money for not doing anything. Pretty much mankind’s eternal search.

Me:  That is funny. An adult long gift of money, a dividend created ex nihilo just like Debt/loans are, would immediately make unemployment, welfare and quite quickly even social security taxes…completely redundant and unnecessary. And not only would that increase individual purchasing power from the elimination of unnecessary taxation…it would also make the economy much more stable and efficient. People who cannot seem to get their heads around the concept of Distributism…I’m sorry, have actually been made mentally challenged by their cultural habituation to false economic and financial dogmas.

The Greeks should just say F you to the troika…and completely ignore/outlaw any suits anyone tries in order to claw money back from them. Hire an expert witness like Steve Keen to show how the troika pursued a completely unethical bullying campaign against them and furthermore show how the system itself is inherently unstable, unworkable and ultimately enslaving to the vast majority. It’s time the world awakened to the fact that the actual, deepest and primary purpose of economics is not and cannot be profit, power and control, and that the only way you can make profit, power and control in any way ethically satisfactory is to make the correct and deepest purpose of economics, namely the most efficient consumption of what is produced….the system’s primary purpose.

Yes, rent is an aspect of “the gap”, and currently an increasing aspect. I’m all for both monetary compensation for rent with the dividend and discount, and for its rational regulation with a combination of normal taxation and/or something like a philanthropic option being available where taxation can be lessened if rent extracted were to be earmarked for research on resource efficiency, public infrastructure etc. of a community benefiting nature. Vices are vices. They should be discouraged in both concrete and philosophical ways. And the most encompassing way to combat the tendency to collect rent would be the creation and affirmation of an ethic of Grace as in giving/giving back…instead of extraction/taking away/hoarding. Ideas and ethics are always the most powerful things in life and in living.

The gap consists of both extractions/diminutions of money from the circular flow of the economy like rent, and also excess creations and carrying over of costs into current and proceeding cycles of production without an additional creation of individual incomes to balance those costs like the costs of replacing capital equipment which the business will have to pay for and will pass on to the consumer in prices it must recoup, but again, no additional individual income is created with which to liquidate those costs in consumer prices.

Both diminutions of money and excess creation of costs occur in the normal and unfettered operation of commerce/the economy, that is, they are inherent to the system ITSELF. What this inherent excess cost aspect of the gap as a result means is…..that the more production, i.e. excess production that is not consumed…the wider and larger the gap is…because again, in the normal operation of the economy the rate of flow of total costs/prices exceeds the rate of flow of individual incomes. Waste as in excess, both obvious and subtle,…is probably the largest and most unperceived contributor to the gap. Profit making systems do tend to be inherently wasteful because of the all too human and flawed tendency to greed, but the correct response to this fact is not to overreact to it as did Marx, but rather to implement both gracious policies that encourage and enable the efficiencies of competition, and when and where necessary, proper and effective regulation/taxation that also serves to transform and/or direct flaws toward an aspect of grace. Another of the natural psychological aspects of Grace is that it is redemptive.