Its chock full of accurate historical insight and all it needs is to become fully conscious of the natural philosophical and ethical concept of grace which is:

1. the new applied monetary concept/paradigm and
2. also, the new zeitgeist/ethic of the age/next evolutionary progressive phenomenon for the human species.

Philosophy, the love of ideas and their ethical consideration is the king of human intellectual disciplines (science is the queen) and is synonymous with Wisdom. Grace/graciousness is philosophy’s/Wisdom’s pinnacle concept, humanity’s highest experience, and its philosophical aspects are the key effects of every historical paradigm change and, again, the concept of the new ethic of the age.

For instance the present zeitgeist, which has been in effect since humanity ate from the tree of the knowledge of good and evil/emerged from the rest of the animal kingdom is Power, Profit and Control. The new zeitgeist is Redemptive (aspect of grace) Power, Profit and Control.

The world must embrace the beatific chains of the concept/experience of grace.

Private Finance Capitalism basically has to go and be replaced by a profit-making economic system that encourages innovation, competition and actual ethics as opposed to the mere economic ethic of profit (which of course includes profit).

As the very intellectual process of integrating opposites in order to find thirdness greater onenesses of truth and workability AKA Wisdom, the only way to do this is to formulate a Wisdomics-Gracenomics by first recognizing the core of the core problem (the current monopolistic paradigm of private finance AKA Debt Only) and integrating its opposite concept Monetary Gifting strategically into the economic process.

Libertarians and damned near everyone else these days are so dip shittedly hypnotized by orthodoxy of one stripe or another you’d think there was a church on every door step instead of every block or so. Do I advocate for only science? Hell no, science is almost as afflicted with orthodoxy as anyone and everything else.What about the thirdness of Wisdom and the oneness of its pinnacle concept of grace though? Do I advocate for religion? Oh Jesus no, one obsessively contending duality is no better than any other. But if we contemplated the philosophical concept of grace, some of the aspects of which are the essence of tolerance of other people’s beingness, opinions and culture, a personal mental freedom and a kind and ethical rationality; ….and if applied to our economic system abundance, stability and sustained free flowingness….maybe we’d be a little less asshole opinionated, prosperous and peaceful.

Wisdomics-Gracenomics: The New Integrative Economic Theory

It isn’t the state that will “wither away”, it’s the dominance of Finance. And that is why the natural philosophical concept of grace as in monetary and economic Gifting is the new paradigm necessary to be integrated into the debt based money and digital pricing systems. And of course all of the other aspects of that concept will apply to and will need to be aligned with every other facet of economic theory and regulation thereof….as has always been the case with a paradigm change, i.e. everything adapts to the new paradigm…not the other way around.

To reject Wisdomics-Gracenomics is to have absent or incomplete mental integrations likely on several subjects/bodies of knowledge. Sorry, grace is complete integration and continuous integrating, and the rational consideration of morals, i.e. ethics.

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The “Perennial Philosophy”

The world is beset by pandering to power on the left and on the right, cynicism in the middle and an unconscious religious scientism that overlays the entirety of modernity. The wisdom of the “perennial philosophy” of Love and Grace has always been the answer and is more relevant now than ever before. It is time that this confederation of dunces sits down, shuts up and contemplates that philosophy. Sorry, there IS a rational end to patience.

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You see the problem with macro-economists is they look through a glass darkly. Steve Keen correctly observed several years ago that economists could get their PhDs in economics without so much as taking an elementary course in accounting. I complimented him on that insight and directed him to look at the subset of double entry bookkeeping, cost accounting, and also at the digital natures of the debt, money, and accounting systems, but apparently he neglected to do so. Hence I see that he is still trying to solve the real monetary problem of the economy (scarcity of aggregate individual income) by referencing the velocity of money on his patreon site. Of course the velocity of money is a circuit of money whose relevance to adding aggregate individual income is zero to nil. Why? Because:

1) the classical illustration of the velocity of money is false because it shows businessmen treating business revenue as if it were their individual income which a) it is not b) it is accounting fraud to treat it as such and c) if you do it only a little bit you end up having to stiff your vendors which both wrecks your business and also ultimately bankrupts you.

2) no matter how much money is circulating/re-circulating within the economy is again by definition business revenue….it doesn’t create any additional individual purchasing power…because increased business revenue doesn’t one for one or even at all translate into the vast majority of labor’s income going up.

So if economists would instead look at the facts/realities in my post above this one, they’d be able to discover policies that indeed WOULD increase aggregate individual incomes directly and business revenue reciprocally….and poof! A large component of macro-economic figure-figure would dissipate and the new paradigm would become apparent to them.

Show of hands…how many times have you gone to Fry’s or Wal Mart or wherever and bought say $100 worth of groceries, paid your tax and when you got home you got a call from the retail grocer and they said, “Sorry we have to have another $40-50 for those groceries you just bought.” No one, right? Why? Because the point of retail sale is the terminal ending point of the entire economic/productive process. It’s where production becomes consumption. And if possession is 90% of the law, I guarantee you consumption is 99.999% of economics, and the above fact demonstrates the economic significance of what I refer to as the triple power point of retail sale.

Virtually all economists are off in three times removed from present time reality, abstract theorizing about the economy. Consequently they have not focused on the day to day operations of commerce and hence have missed some simple but utterly significant truths about the economic process.

I’m here to enlighten you about those overlooked truths and show you how a simple…but not simplistic…and elegantly powerful set of policies accomplishes a paradigm change in finance, money systems and economics.

Lets call this the economy, the economic process. It starts here with ore being taken out of the ground to produce something, or a service business starts. There are all manner of business models on this process or adjacent to it (point around line) which nudge the process along and add their costs and prices to whatever is produced and finally sold here, the point of retail sale.  Now there is a convention in cost accounting which is always enforced and that convention is that all costs must go into price. So that means that retail sale, which is the terminal ending point for every consumer item or service, must also be the terminal summing point for total costs and prices including capital costs, depreciation and profit….for all consumer items and services. By definition of it being the ending point of the entire economic process it must also be the terminal expression point for all forms of inflation. In other words after you purchase an everyday consumer item there can be no more further inflation of its price as I helped you see at the start of this talk. Retail sale is where production becomes consumption. It’s the ending, summing and terminal expression point for all economic factors. That’s why I call it the triple power point of retail sale. It’s an ending, fulcrum and pivoting point from which the entire monetary, financial and economic systems can be moved into and accomplish the new paradigm by the correct policy, and that policy is a 50% discount/rebate at retail sale. Now I’m sure many of you are already saying, “What if the businesses along the entire economic process inflate their prices? Okay, but consider this:

#1 What if that businesses’ competitors are smarter than they are and do not inflate? Rapidly it’s bye-bye market share. Not to mention the sanctions the inflating business will face with the correct and understandable new regulations that the new paradigm and any theory requires…because the world is not an entirely rational or ethical place.

#2 Even if they do inflate, garden variety price inflation must remain in the low single digits because competition thankfully is still a reality within and between business models. Hence the discount/rebate policy will still increase everyone’s purchasing power by a large percentage and also still “miraculously” integrate price deflation beneficially into profit making systems…because the discount/rebate policy is 50%. And by the way, hyperinflations do not occur without specific and disastrous circumstances occurring first like almost total destruction of the means of production by a total war and compliant and unethical central and private banks leveraging up speculators who then attempt to short the currency. The former has not occurred here and can be avoided, and the latter will not be allowed to happen with the regulations of the new paradigm declaring any attempt to do so “null and void”.

Now, along with the discount/rebate policy at retail sale that beneficially integrates price deflation into profit making systems there is another policy that will be implemented, and that is a universal dividend of $1000/mo. from the time one turns 18 and continuing until the end of one’s life.

Businessmen, listen up. The combination of these two policies will enable all transfer taxation for welfare, un-employment insurance and even quite quickly for social security to be eliminated. Why? Because if everyone 18 and older is guaranteed at least $2000/mo., that is $1000 plus at least a 50% discount at retail sale which comes out to $2000/mo. of potential purchasing power…all such transfer taxes immediately become redundant and un-necessary. And of course, individuals who pay these taxes as well will have a very nice raise when they are eliminated.

So you have a more than doubling of incomes, a potential of more than a doubling of business revenue plus the cost savings from the elimination of transfer/re-distributive taxes.

Now I want to give you some numbers that show exactly how beneficial these policies will be for all agents individual and commercial.

Individually everyone 18 and old will have at least $2000/mo. of potential purchasing power or $24,000/yr. guaranteed. That immediately ends poverty AND the need for almost the entirety of the welfare bureaucracy. A two adult household will make $48,000/yr. If both adults have only part time jobs making $20,000/yr. that is $40,000 plus with the 50% discount at retail sale is $80,000 from employment and $48,000 from the dividend or $128,000/yr. of potential purchasing power. Not bad huh? With full time jobs of course that final number goes up considerably more.

Students? You get $24,000/yr while you’re going to school. Get a part time job of 16 hrs./week at $8/hr. and you’ll have another $1016/mo. of income and so another $2032 potential purchasing power or $4032/mo. That would enable you to go to all but the most expensive schools, make a monthly payment for tuition (and remember tuition will be discounted at least 50%) rent an apartment, and support yourself and not have 50-$75,000 of student debt hanging around your neck for the next 10-15 years before you can get on with your lives. These policies are all upside.

Businessmen? When was the last time any economist or politician was able to more than double the available business revenue for your goods or services…with a single policy? Who ever totally eliminated your transfer taxes and greatly reduced your redistributive income tax costs with only two policies?

The third major aspect of Wisdomics-Gracenomics is creating a publicly administered national banking system that enables loans at 0% interest and a central bank that creates all new money. Finally, the point of note signing becomes the new terminal ending point of the economic process for home mortgages, autos, especially battery powered and hybrid vehicles, furnishings, battery and solar energy systems and other “big ticket” green purchases and thus a 50% discount/rebate can reduce such purchases even further. For instance a $400K house reduced by 50% at retail sale to $200K is reduced another 50% to $100K at note signing. Wisdomics-Gracenomics frees us from the money system’s enslaving paradigm and makes it serve humanity.

Rebuttals to mistaken/irrelevant critiques

Everybody Will Become Lazy

#1 Don’t let those who profit greatly from the monopolistic power to create money snow you…money itself isn’t going to make you either happy or unhappy. Happiness is ENTIRELY A SEPARATE PROCESS THAT IS YOUR RESPONSIBILITY NO MATTER HOW MUCH MONEY YOU MAKE OR DO NOT MAKE.

The real question you need to ask yourself is: Would I rather have a secure level of income and the time to work on being a good and happy individual, or would I rather be continually stressed largely because I didn’t have that secure level of income…and still have to make myself a good and happy individual?

There are a lot of unhappy wealthy people and way too many unhappy unwealthy people. So don’t be stupid and not make your self happy…..and whatever you do don’t fall for the self interested nonsense of the financial elite that more money will make you unhappy. MONEY HAS NOTHING WHATSOEVER TO DO WITH YOUR UNHAPPINESS….ONLY YOU DO. 

So instead be wise, embrace guaranteed relative wealth with Wisdomics-Gracenomics that will enable you to fill your expanded leisure time with positive and constructive purposes….which is the key to both personal virtue and personal happiness.

You’re Just Changing From Private To Public Problems

#2 Yes, public control of money creating power is also corruptible….unless that money system and economy is guided and regulated by an unimpeachable ethical concept like grace as in benevolence and gifting. And with that guiding concept it is simply Occam’s Razor to have a single national monetary agent to deal with rather than a herd of conflicted private enterprises with a monopoly on credit creation and a paradigm of Debt/Additional Cost/Burden to Repay ONLY.

It’s inflationary

#3 It cannot be inflationary because the policy is only implemented at the very end of the economic process and only when a sale actually takes place.  Also, garden variety inflation is forced to be a smallish single digit percentage by competition and the high costs of modern economies, and hyper-inflation can only happen under certain drastic circumstances like the destruction of productive ability by war and an unethical central bank that allows currency speculators to leverage up and short the currency, and both of those can be avoided by good planning and diplomacy and common sense ethical regulation.

How do you know it’s a new paradigm?

#4 A paradigm change progresses and transforms everything, but at the same time fits seamlessly within all but obviously destructive or conflicting present structures in the area within which the paradigm takes place.

Show how it accomplishes the signatures of paradigm change.

The Banks and Monied Interests will never let it happen.

That’s just dramatizing the great Japanese military strategist’s most insightful observation: Convince the enemy (you) that they cannot possibly win….and you’ll never have to go to war.

My Wisdomics-Gracenomics integrates and completes the cutting edge heterodox reseach and theories of Steve Keen, Michael Hudson, MMT and Social Credit. It accomplishes the new paradigm with its policies, structural changes and regulations. It greatly benefits all agents individual and commercial. It IS the answer, finally, in the economy and money system.

Please join with me in the mass movement to create this new paradigm. Tell others about this good news, make this video go viral and please go to my ebook site for plain language explanations and illustrations of these policies, and please also go to my Patreon and Substack sites and pledge a dollar or ten to enable me to give these free talks and make this incredibly beneficial new paradigm a reality for us all.

Thank you.

Present Time, the Place Spirituality Has Always Said….

where God/enlightenment exists is never actually attained by the orthodox who regurgitating only what some “authority” said and/or their belief therein….either never actually look at, at all or only look at “through a glass darkly.”

So it is with economics.

Likewise you’ll likely never get to a theoretical Valhalla merely by dint of iconoclasm because objective truth and full consciousness free of bias and orthodoxy….can only be discerned by being in present time.

This is why way back in 2012 with my first book Money and Wisdom: The Way Out, The Way Home when I referred to my theory as Monetary and Economic Spiritual Synthesis Theory (MESST) ….I was spot on. Now I refer to it as Wisdomics-Gracenomics mostly because I thought it was a little more “catchy” and slightly less likely to be rejected by the modern religion of scientific orthodoxy and economic pretensions to same. Not much better though.

Man is increasingly less in present time, and that is why he does not know wisdom, switches from one incomplete reactionary orthodoxy to the other without resolving anything and also cannot extricate himself from his own dilemma.

Present Time Spirituality….the thing Man has always required, both personally and systemically, and declares he most desires, but rarely gets around to until its too late.

Me: Taxation of Income and to fund government is Hand Written Communication Only before the invention of Guttenberg Moveable Printing.

When you realize that we are a monetarily sovereign government, that the new monetary paradigm is Gifting instead of Debt Only and that a 50% Discount/Rebate policy at retail sale (and several other innovative and stabilizing policies) end inflation forever…then there will basically be only one necessary reason to tax at all and that is to inhibit/put out of business anti-social a$$holes who cannot recognize the beatific chains of ethics and of the new monetary paradigm.

Employment is fine as a purpose, but there are many, many, many more positive and constructive purposes other than employment…and many more options for employment when we reduce the costs of the parasitical and illegitimate business model of private finance.

AI will just be another problematic anomaly in a long list of same that we will puzzle over…until we recognize the most underlying solution to our monetary, financial and economic problems, namely the new monetary paradigm of Gifting.

TC:

I am a software contractor with 30+ years of experience in high tech. I was so impressed by ChatGPT’s coding skills when I first tried it that I billed my company 120 hours testing the envelope of its capabilities. Mind you, this is the first public release and I think it has doubled my productivity. Because I have invested the time I can tell you what few others are saying right now: ChatGPT interfacing is a learned skill, much like working with a petulant genius child. It is an interactive process and the more you know about programming the faster you can spot BS and, importantly, properly instruct the child how to change its behavior.

IF you are looking for a Buck Rogers Dr. Theopolis, ChatGPT is not it. Not today. But that will come far sooner than most people think. The rate of improvement will far surpass Moore’s law which was a doubling of transistor density every 18 months. Whatever significant metric of goodness that you want to track, it will double every 8 months. If that doesn’t impress you, nothing will. I wrote this in 2011:

http://economati.blogspot.com/2011/02/modern-day-john-henry-tale.html

Me: You’re right. However, AI will still be hamstrung even by instruction if it is not instruction in the superlative intellectual discipline AKA Wisdom which is the willingness and ability to ethically integrate seeming opposites into thirdness greater onenesses and which contains the entire set of the intellectual discipline of science.

Furthermore, AI needs to be programmed to consider the highest human ethic and experience, namely grace as in love in personal action, and as policies are the actions of systems, systemic policy.

AI, if it is programmed to consider ethics, might tell us to wake up and die right by throwing off the domination and economic sabotage of the parasitical, illegitimate and non-economic/productive business model of private finance.

Depth of thought and understanding is much more valuable than mere content.

You’re getting closer to realizing that finacialization and private banking has to basically end in favor of a publcly administered non-profit banking system. Even the problem of necessary de-growth is solved by the new paradigm of gifting if you implement a sliding scale percentage of required investment of gifted money into eco-bonds at 5% that will simultaneously curb consumption and add to the already liberated ability of the government to create money inflation free (with the 50% Discount/Rebate policy and a non-profit banking system) in order to rationally fund the mega-projects necessary to research and apply planetary and extra-terrestrial energy production.

In essence we’d have ASD (Abundant and Secure De-Growth) which would win the minds and allegiance of the general populace away from the current paradigm of Debt Only, private finance and greedy enslavement and lunatic financialization (GELF). And its even a decent Adam Douglas acromyn/usage.

All the more reason to broadcast the new monetary paradigm of Gifting to the masses in order to insure the victory of politicians who want to avoid economic collapse via its virtually universal benefits. Even libertarians will not be able to personally resist its benefits and, if they’re philosophically honest, they’ll have to agree that a monopoly paradigm that private banks enjoy…cannot be defended.

Indeed humanity’s grasping proclivity for belief/orthodoxy is at the root of its inability/unwillingness to change its mind. All the more reason to contemplate the appropriate aspect of the natural philosophical concept not only behind the new monetary paradigm, grace as in monetary gifting, but also grace as in dynamic, integrative mental or physical free flowingness.

Pick a problem, mental or temporal, and the solution is always applying the appropriate aspect of grace. Why is that? Because

1) grace is the new zeitgeist which is the only level of analysis above that of the paradigmatic

2) grace as in the integration of opposites to the point/realization of thirdness greater oneness is the most fundamental reality of the cosmos, even of quanta of which we are made of, but grace as in consciousness itself is actually the thirdness greater oneness nature of quanta

3) Trinity/Unity/Oneness/Process, all of which are aspects of the natural philosophical concept of grace is the solution, below that you have inevitable problematic duality and all of its idiocies. If you meet Buddha/Jesus/Allah on the road to enlightenment shoot them, but contemplate grace and you’ll understand what they were all talking about.

Economics IS both complex and boring. All the more reason to appeal to self interest and the peak experiences of hope, joy and abundance all of which are the emotional component parts of grace…in order to foment a mass movement for the new monetary paradigm.

Religion is a bane. Wisdom/spirituality is always the solution.

Why? Because, historically, they are the single most significant applied idea that keeps a present anomalous paradigm’s problems in continual effect, and with new paradigms beneficially reolves those problems and changes the realities of the entire pattern under analysis.

In other words they ARE the WISDOM, MENTAL AND TEMPORAL PHENOMENON and ANSWER THAT EVERYONE ANALYZING, ON THE PARADIGMATIC LEVEL OR NOT IS ATTEMPTING TO RESOLVE.

Paradoxically, (paradigms are replete with paradoxes) new paradigms/operant applied concepts rapidly become the most powerful but most mundane thing in everyone’s life…because they again become unconscious. The real point of life is to become more conscious.

Wisdom, which encompasses the entire set of science, is the very process of increasing consciousness, and paradigm concepts, being the ultimate integrative insight of an entire pattern are synonymous with wisdom insights. Hence paradigm perception is the tool and process of wisdom.