Rent, profit, savings, interest, monetary inflation and wasted economic activity like redundant weapons systems are all contributors to economic problems….and also all a part of the “gap”. Why? because they all macro-economically reduce the total amount of individual income available at any and all times…to liquidate production as it comes to the market. Hence the economy is not free flowing.

Steven Lesh is quite right when he says technology more and more creates our wealth, not an individual. I know he is concerned about monetary inflation, but what if you simply issued additional vouchers/denominated tickets that were legal tender only for domestic consumption of a concrete good or service and also for the paying of private individual debts? Then say they could not be used for purely financial speculative purposes (they could however be used to invest in traditionally productive enterprises or on speculative research in these areas and in ways to do more with less in same). And of course we’d still need a discount mechanism to equate the other costs above as they will still pool and continue to throw the economy out of equilibrium.

But would this domestic ticketing system allay your concerns about monetary inflation?

All of the  “debate”/reaction to each other by macro-economists results in lots of heat but no light. There are many personal/human reasons for this (agendas/ego/reputation regarding both current orthodoxy [stubbornness] and hesitancy to declare a new paradigm because it might not be right [timidity]. The psycho-dynamics can go on and on….as can the heat without any light…if there isn’t an integration of the relevant and operative data and conclusions…from both the Equilibrium and Disequilibrium theories.

Technology is speeding up economic exchange to the point where the moment to moment reality of A + B is going to become forced into present time continually. This economic “singularity” will expose the flaws in both Austrian (equilibrium-austerity) and Keynesian (claims to sufficiency of indirect stimulus income) theories, and more importantly make apparent to anyone without an agenda that the simultaneous and continuous equality of individual incomes and consumer prices made possible by the Social Credit mechanisms of the Dividend and Discount….IS the true and necessary solution.

Revisiting this, it seems to me that Einstein’s insights on the nature of Space and Time or as he postulated it Space-Time, were incomplete in that they falsely conceptualized Space-Time as a fabric. IMO he was correct that there is a “fabric”, but it is not just Space-Time that actually creates or makes real this “fabric”….but consciousness itself. Consciousness is the element that makes the glue, the fabric, the 3 dimensionality of Space and the “Nowness” of Time….real, fully, consciously real.

Space may be curved, but it is not gravity that curves it, but rather electro-magnetism which is not only many magnitudes the stronger force, but incorporates what is conceived of as the attractive “force” of gravity within that electro-magnetic duality which in the twisting vortices observable in high energy plasma labs can condense matter greatly in what is referred to a z pinch. This is currently unperceived/misperceived by orthodox astronomers and cosmologists due to their mistaken adherence to Einstein’s choosing gravity as the primary force in the universe. Electro-magnetism being so much stronger and having this spiraling, condensing field character is also likely the cause of angular momentum on the atomic level while the high energy and field aspect of electricity may contribute to the increased reality of the conscious experience of Self, Space and Time.

It must be understood that Einstein himself was unsatisfied with his own theories and worked on additional/other areas right up until his death. This is in no way any denigration of Einstein’s mental abilities or certain applications of his thinking, and it undoubtedly will be looked upon by many as mere “New Age” pablum, but that is very probably simply a viewpoint of mere opposition….while the integration of Space, Time and Consciousness…is a viewpoint…of dimension, and a dimensionality that again, makes Space, Time and One’s Self, One’s Conscious Awareness much more real than what it is normally experienced as.

And so we don’t have to worry about having or maintaining it. Oh, the experience itself is helpful and all, but consciously it cannot, at least at this time, be maintained for long and long. What our task is therefore is to bring the policies of monetary grace to the economic and monetary systems, so that Mankind can survive its current crisis and its otherwise inevitable plunge toward war in an era of modern weaponry where no one and no one’s productive capacity is safe. We are many, the forces of power are few. We must awaken to and be the bringers of that truth and the truth of the necessity of monetary grace the free gift…so they will awaken or surrender to the Wisdom of Love, Abundance and Loving survival.

Socialist:  In the article, it says:

“Mr. Draghi, the central bank’s president, told reporters on that early December afternoon that it was ready to deploy new weapons against the eurozone’s dangerously low inflation rate.”

Why is low inflation dangerous?

Because, it a capitalist monetary system, where money (the value created by labor) has been commoditized by interest, the only time that interest charged on the capital in circulation can be paid (without a deluge of joblessness, bankruptcies, and foreclosures) is when the money supply is expanding, so that the principal on new loans can pay the interest on the previous loans.

For the EU economy to expand again, the inflationary part of the so-called “business cycle” must be ratcheted up.

Such is the gobbledygook of capitalism.

Me:  Precisely…but not of the profit making system of Distributism….which integrates a policy (and hopefully also the philosophy…but not necessarily a religion…aligned with Grace) with monetary grace the free gift.

Trinity/Electricity is the better/best template for Ultimate reality, and also the basis for the acknowledgement of the Primariness of Spirituality. Why? Because they are a  + and a  –  charge/concepts/experiences interacting to elicit/bring into being/acknowledge as simply/actually/continually/primarily being Trinities. This is reflective of the triune nature of Man (Body, Mind and Spirit/Consciousness). Now one can emphasize/believe in one side of the duality of + or -, but one cannot deny the third state/reality of their interaction/integration without becoming a novitiate of that side of the duality…and being in danger of all of the historical arrogance and folly that has resulted from such allegiance to part of the duality. If one focuses, contemplates and embraces the third state (of the integration of both Trinity/Spirit and Electricity/Physical Nature) you again not only ascend to a third state, but also must embrace the reality and necessity of both aspects of that duality. This gracious acknowledgement and embrace enables the integration of both power and ethics within oneself, and as others/the Otherness of Physical nature (Self, Other human beings and the Physical Universe being another Trinity) are essentially/spiritually the same as oneself…the respectful acceptance of that sameness.

Ongoing Perpetual Bothness of course can describe the same reality…if one wants to emphasize a slightly more scientific perspective on…again, the same reality.

And the economic theories of Dynamic Stochastic General Equilibrium (DSGE)  and Steve Keen’s Dynamic Mathematical General Disequilibrium (DMGD)  can be looked at as flip sides of the same coin, although I think Keen’s theory of Disequilibrium is closer to Douglas’s viewpoint on the economy except Keen simply hasn’t garnered enough intellectual courage, confidence in Wisdom and/or engineering practicality to recommend policy prescriptions to equilibrate such a system such as Douglas did…and that is indeed why he is a nascent social crediter.

The tie-in with electricity as a  trinity is apt as a description of the basic force in the physical universe where gravity is actually incorporated into electro-magnetism as an attractive effect of the twisting vortices of plasma in an electric universe.

The Electric Universe paradigm which I have followed for several years has been gaining some steam with its predictions lately, particularly regarding Comet theory and the Rosetta mission to comet 67P. Its major urls are:

http://www.thunderbolts.info/wp/

https://www.youtube.com/user/ThunderboltsProject?feature=watch

https://www.facebook.com/thunderboltsproject

P.S. The Electric Universe ironically tends to emphasize the scientific perspective thereby ignoring the qualitative thirdness of electricity itself and missing the all important unity aspect of Trinity.

Preface: As the Catholic Church has already declared that there is no conflict between Social Credit theory and its body of Social teaching and already has at least one of its apostolic movements dedicated to Social Credit policies this is not to be construed as a critique of same, or of any other particular religious organization for that matter. It is to show how seamlessly and complete are the reflections and alignments of Social Credit economic policies with major known historical moments of reform.

Directness of the Dividend to the individual is analogous to the major theme of Luther’s reform saying there need not be an arbitrary intermediating priesthood/elite between God and Man, but that Man was in fact fully empowered to seek a direct relationship with God. Directness also brings the possibility of virtual simultaneity of equity between total individual incomes and total prices which indirect methods are incapable of doing because with them the element of Time is introduced and except under the most extreme, unethical and/or in actual fact wasteful circumstances must inevitably rebound back on the temporal system of the economy in negative fashion.

The Rebate aspect of the Discount mechanism is analogous to reform of the Indulgence system of the Church making those rebates based more on merit and willing participation in an ethical program instead of largely to those who have the wealth to lobby and coerce the political apparatus into such subsidies. The Discount/Rebate is a general indulgence granted to individuals via lower prices and businesses, again based on their ethical pledge to serve the individual and is a way for businesses to possibly secure more profit more easily without meddling in either their price discovery or inhibiting competition. It also has the added effect of reducing the power over businesses by Finance, and in all likelihood their lessened dependence upon as much need for financing from that historically problematic business model.

Me: The video is commodity money deception. Banks DO NOT loan your deposits. Money is endogenously created by Banks ex nihilo FIRST. Reserves…often in the form of re-hypothecated collateral and not someone’s actual deposits is sought for afterwards. This is the folly of the shadow banking system and DSGE theory, and the failure to perceive the economy as inherently in a state of disequilibrium that can only be equated by monetary gifting directly to the individual. Steve Keen has RE-discovered all of the above except the macro-economic policy of monetary gifting which is the resolution of modern technologically advanced economy’s increasing instability. That’s why he is a nascent social crediter.

Ellen: Ok.  I wasn’t presenting the video as monetary policy, just the idea that Malaysia was being punished, which I  think is quite likely.  How do you mean collateral is rehypothecated for the reserves?

Me:  Yes, I understand that, and do not wish to mean that you did. Apologies if anyone had that impression. And you are also correct that the law and the operation of banking was different before the central banking system we now have. But of course we must deal with the system we now have which was the real point of my post.

Me:  Yes, it’s basically the MMT (Modern Monetary Theory) approach to the problem. Problem is if you simply keep pouring additional money into the economy, especially if they are bonds that exact an additional cost to the economy…you’re going to get monetary inflation. Not that monetary inflation is THE problem, it isn’t. The more underlying problem is the PRICE inflationary nature of all of commerce itself (the social credit insight)…but monetary inflation IS a subsequent reality of merely pumping more and more money into the economy VIA a loan to businesses OR via the government to businesses…both of which are NOT DIRECT…and so exact an additional cost. Heaven forbid that we simply directly distribute a dividend which more effectively and efficiently fixes the problem they’re all running around in circles trying…and failing to fix….namely a lack of available money in the hands of the individual…to purchase production and so attain an equilibrium!!!!!!!!! And of course if we also implemented a retail discount based on statistics and the simple mathematical tool of ratio…we could also maintain that equilibrium despite the fact that even with a dividend the economy is going to tend toward disequilibrium (because again, that’s its nature, as the nascent social crediter and Disequilibrium theorist Steve Keen has so iconoclastically shown) A dividend and discount? Horrors! Social Credit and the de-throning and de-toothing of Finance…so that it can take its proper smaller and yet still profitable place in the overall economy. We can’t have that…can we?

Just to add here. The Social Credit concept of a National Credit Office serves the same financial purpose that a Central Bank/MMT issuance of bonds does…except it is mandated to distribute interest free credit directly to the individual….as a supplemental gift. The commercial financial paradigm can still remain loan only, but when you simply mandate a completely and utterly concrete policy of gifting to the consumer financial paradigm…..it enables the economy to be truly free for the individual and systemically free flowing as well. Nothing mystical about that policy…except perhaps that it finally brings a continuing simultaneity (a temporal universe aspect/effect of mysticism) of the equality of individual incomes and consumer prices.  *****************************************

Bob:  Which scenario is right? I don’t believe we have enough evidence to say. Let’s see what happens when the Saudi’s agreement to drop prices has reached its’ expiration (say three or four months from now).

Me:  It’s all just action/reaction…and never an actual solution to the underlying problem. It’s an old, old and very tiresome story. This is not to say that wringing cost and/or profits out of the system isn’t a good thing for the economy and for the consumer…but as you say Bob, after the smoke clears it’s right back to the status quo higher prices and elite control/domination. Let’s try an actual solution…for a change.

Ann: The right reaction could be….?

Me:  The right “reaction” would be an integration of all relevant economic theories AND the correct assessment that the economy/commerce itself tends not toward equilibrium, but rather toward disequilibrium…as Steve Keen has RE-discovered…WITH the policies that reflect and effect the pinnacle concept of Wisdom, namely grace the free gift. That solves the actual deepest problem.

That integration actually needs to be done by BOTH the Russians AND the Western economies, but one side or the other doing it is still the best and most thorough course for either regardless of whether both do it or not.