Please enjoy this classic Don Henley Track If Dirt were Dollars on My TOnefreqhz Bitchute channel its from the Album the end of the Innocence one of the most supressed albumns I know of.
Energy Economics, Energy, Statistical Turn in Physics, Atomism, Reductionism, Club of Rome. Claes Johnson, Steinmetz, IronSide, Maxwell. Electronic Universe, Alfven, Hoyle, Wolfram Computation, Applied Maths. Idiotic Climate Change Communicators and their Magical Moronic Shaupenhauerian Evasions. Dr Faustus of Modern Physics. #InfoWars #GoldenGlobes #RickyJervais All wars are bankers wars!#TwoFingers2Brino #4Pamphleteers @GrubStreetJorno […]
Just to restate my position on this, the economy is an energy system, in which nothing with any economic utility at all can be produced without energy.
January 7, 2020
ENERGY ECONOMICS, ENERGY, STATISTICAL TURN IN PHYSICS, ATOMISM, REDUCTIONISM, CLUB OF ROME. CLAES JOHNSON, STEINMETZ, IRONSIDE, MAXWELL. ELECTRONIC UNIVERSE, ALFVEN, HOYLE, WOLFRAM COMPUTATION, APPLIED MATHS. IDIOTIC CLIMATE CHANGE COMMUNICATORS AND THEIR MAGICAL MORONIC SHAUPENHAUERIAN EVASIONS. DR FAUSTUS OF MODERN PHYSICS. #INFOWARS #GOLDENGLOBES #RICKYJERVAIS ALL WARS ARE BANKERS WARS!#TWOFINGERS2BRINO #4PAMPHLETEERS @GRUBSTREETJORNO @WIKI_BALLOT @FINANCIALEYES #IABATO #SAM #GE2019 ROGER LEWIS ( PORTHOS) @JOEBLOB20 ROGERGLEWIS ON JANUARY 6, 2020 AT 5:52 AM
This Varafoukis Lecture on The Nature of Money was brought to mind today after watching a more recent interview he gave to a French interview channel in February 2019, recommended to me by a French friend today.
In the second one He is asked to explain the Exponential Function. @ 24.08 income was around 55 trillion just say 25:51 55 there are too many zeros to worry 25:52 about 55 the total size of financial 25:57 derivatives was 70 okay so total income 26:02 another world 55 26:05 total derivatives 70 2007 exponential 26:12 growth okay this is this global income 26:17 had risen because of globalization from 26:19 55 to 70 from in six years as a lot from 26:23 55 to 70 growth in the size magnitude 26:28 volume of the river 26:30 others from 70 to 780 , nice so to 26:38 put it bluntly planet Earth was not big 26:40 enough for this bubble say burst in 2008
Steve Keen A good friend of Varafoukis has published and been linked to here on the Physiocrats and the Energy aspects of the Economic System. The point is though that it’s not only about Energy qua energy. Which brings me to Dominic Cummings? I actually read all of the linked-to papers and blogs, After the whole exercise I have more doubts about Dominic Cummings before I started, The Un-necessary, “I will bin you”, machismo is rather off-putting. This Talk on the Edge web site is very good, Cummings would do well to watch it and internalise the ideas. https://www.edge.org/conversation/lee_smolin-the-causal-theory-of-views This is a very good video on Di-Electric Magnetism, now this guy is a proper misfit. What’s more, he is I think very close to scientific truth as we would get to, absent vested interests.
I had reblogged this but as it hadn’t appeared I have re-posted instead. For a Blog that purports to be about scientific rigour, it seems to me that Scepticism, essential to the scientific enquiry, should welcome other points of view. The edge site is particularly good at that, at the edges of Human Knowledge, the way forward is not placed onto a handy shelf of bumper stickers.
“All men in this and other countries are accustomed from youth to measure the increase or diminution of wealth by dollars or other denominations supposed to be units of value…. Even when the facts are understood, the idea that the change is in the value of the commodities measured, and not in that of the dollar itself, is so natural that a long and severe course of mental discipline is necessary to get rid of it. Indeed, we question whether the most profound economist can be entirely successful in this respect “(Newcomb, 1879, p. 230). https://core.ac.uk/download/pdf/6360154.pdf
https://nextexx.com/electron-2-unanswered-questions/ “The idea of electricity as a flow of ‘electrons’ in a conductor was regarded by Oliver Heaviside as “a psychosis”. This encouraged Heaviside to begin a series of writings Also consider the J.J. Thomson concept of the “electron” (his own discovery). Thomson considered the electron the terminal end of one unit line of dielectric induction. “Electrons as a separate, distinct entity…doesn’t really exist, they are merely bumps in something called a ‘field’.” – Dr. Steve Biller
Hi Peter, This Eric Dollard Video is very well worth watching its 3 and a half hours long but worth the time I assure you.
Eulers Identity and other “Constants are In my view related to Electro Magnetism and field theory.
My own research in these matters relates to Sound and Signal processing, particularly FFT analysis, I have also modelled Timbre in guitar bodies and pickups the Time and frequency domains are mutually exclusive in computation and windowing in computer modelling have profound effects on matters of precision. Always one as a modeller one must remember the Map is not the territory. an ancient and wise Military Aphorism.
Claes Johnson is my tutor of choice in Applied Mathematics and FInite element analysis,
Wal Thornhill and the Electronic Universe and Maurice Cotterals theory of Gravity, also Hoyle and Alfven on Steady State theories and Plasma Cosmology all fall outside of the deterministic Atomism of Post Copenhagen consensus Bohrite Dogma. Most of the good science is done in Garden Sheds in the back yards of FlyOver America and North of Watford and outside of Metropolitan areas, Being handy with Bale String and Gaffer tape can lead to a whole world of discovery and invention, it was ever thus.
Listen to Alfvens two Nobel Lectures they are nothing short of inspiring.
The “blame game” is part of hierarchical and tribal competition. It solves nothing in the big picture. It merely shuffles positions of relative power of groups.
The intellectually aggressive hedgehogs knew one big thing and sought, under the banner of parsimony, to expand the explanatory power of that big thing to “cover” new cases; the more eclectic foxes knew many little things and were content to improvise ad hoc solutions to keep pace with a rapidly changing world. In: Justin Fox. “How to Be Bad at Forecasting,” in Harvard Business Review, May 11, 2012. About prediction and forecasting. Fox commented that “psychologist Philip Tetlock (following the lead of Isaiah Berlin), divided the world of political forecasters into hedgehogs and foxes.” Tetlock is one of Dominic Cummings Go To’s. People who screw up or act illegally or Criminally Negligently, a big Clue, Bankers in 2008, should go to jail. That No Big wigs did and haven’t really since Enron and the Savings and loans scandals before. That’s not the Blame Game it’s asking that no one should be above the Civil or Criminal Legal and justice systems let alone Sat astride it and mocking it.
I don’t like abuse of power any more than you do. Go for it! Good luck, as you’ll need plenty. Scale will destroy all. Reset the deck chairs on the Titanic.
Re. assessing the tensions between Iran and the US/West, here are some findings on the economy of the Islamic Republic, drawn from SEEDS.
I should caveat that available data for Iran is not wholly satisfactory, particularly over debt numbers. IMF data is useful, the BIS doesn’t list Iran in its credit data, and official Iranian stats are hard to navigate. Other sources are patchy on Iran.
Starting with estimated GDP for 2019, the local number translates to $450bn based on market F/X rates, but the PPP equivalent (about $1,450bn) is probably much more reliable. C-GDP is probably very similar, in that there seems, unsurprisingly, to have been little or no ‘debt-bingeing’ “credit effect” behind Iranian GDP.
ECoE, put by SEEDS at 7.0% (2019), is surprisingly high for a significant energy-exporting country. In USD PPP, prosperity per person is estimated at $16,300 (though only $5,080 in market dollars).
Importantly, prosperity per capita is falling quite rapidly. SEEDS data shows it down by 16%, both local and USD PPP, since the recent peak in 2011. (It has dropped even further in market dollars, but what markets think about the Iranian currency isn’t ‘fact’). Prosperity in constant Rial is falling by between 3% and 4% annually, according to SEEDS.
I’m posting this comment because realistic and useful economic info on Iran seems thin on the ground. Data converted into USD at market rates is virtually meaningless.
Objectively, Iran has a problem in that prosperity per person is falling rapidly – but it hasn’t ‘collapsed’, as some might think or assume.
Iran is an Islamic state, as such, it does not have the Deadweight of usury around its neck, merely of US sanctions. The Usury point is not to be trifled with although remains one of the great enduring taboos of Finacialised Capitalism and the Dismal Science. Prof. Helmuth Kreutz’s The Money Syndrome or Gringons Money Lent Twice to see how Usury is the problem and driver of a Growth imperative and all the absurd wastes and inefficiencies baked into the Cake to privilege the Financial parasite class.
The Islamic ban on usury is also in the Bible, and was enforced in Christian Europe until the sixteenth century. Opposition to usury seems a wise principle.
This needn’t mean that all debt is necessarily bad (mortgages have helped many). But opposition to usury means, to me, that exploitation of others is always bad, and few instruments offer as much scope for exploitation as debt.
I agree about usury Tim and it has brought nothing but trouble upon large groups of people. However, I had a long discussion with Gerry about this when I was crafting my Chapter on Money. I had thought that money originated with tokens, like shells etc and then gold of course. But Gerry pointed out that money first began as credit: You do this for me and I will return at sometime in the future and repay you.
Credit of course is the other side of debt. And as you say, debt can be good if it is used to yield a return like investing in productive machinery. Debt for consumption is not good as it is bringing forward future production and will eventually have to be balanced out – which is mostly where we are today.
If companies has invested in income yielding assets instead of financialisation, buying their own shares etc then maybe we would be in a better place. It is of course a lot more complex than this but for me it is the core problem with crony capitalism.
July 12, 2019
“ADMIT THE FACTS OF LIFE IN INTERNATIONAL POLITICAL RELATIONSHIPS.” THE KAKISTOCRACY AND VENAL ESTABLISHMENT. #FREESPEECH #FREETOMMY #MOSLEMBROTHERHOOD #UNITEDNATIONSHATESPEECHDICTATS #TRAGEDYANDHOPE #REALPOLITIK #GEOPOLITICS #MASSMIGRATION #MULTICULTURISM #IMMIGRATION #FREESPEECH #WAROFCIVILISATIONS #AGENDA2030 “DO YOU FIND THIS HAPPENS ALL THE TIME. CRUCIAL POINT ONE DAY BECOMES A CRIME. AND I’M NOT THE KIND THAT LIKES TO TELL YOU JUST WHAT I WANT TO DO” #AGEOFCONSENT #NEWORDER #CONQUESTOFDOUGH
A SELECTION OF NOTES REGARDING FREE SPEECH THE TOMMY ROBINSON CONTEMPT OF COURT VERDICT AND THE WIDER CONTEXTS OF GEO-POLITICS AND THE KAKISTOCRATIC RULING ELITES WHO HAVE INFECTED ALL THE ESTATES OF SOCIETY, THE LEGISLATURE, THE EXECUTIVE, THE JUDICIARY, AND THE #FREEPRESS .
WITH THEIR VENALITY, HUBRIS, NARCISSISM AND GREED.
I am setting out these notes now as I am not sure when I will get the time to place into context, first the Class-based prejudice I perceive in the treatment of Stephen Yaxley Lennon ( Tommy Robinson ) by the Legal Establishment, The Police , The Press and the Progressive Politically correct (SJW, right to be offended) what we used to call ( the One-Eyed, one-armed, Lesbians ), LGBTxyz squads’, maybe?.
FREE MARKET CAPITALISM: IT`S THEIR FUTURE, ” I HAD A BRILLIANT IDEA FOR 21ST CENTURY ECONOMICS ” A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY . “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.
FREE MARKET CAPITALISM: IT`S THEIR FUTURE, ” I had a brilliant idea for 21st century economics ” A Live Streamed Dialogue on Money, Banking and Political Economy. “TINA” the Village Bike or Temple Whore.
QED POST CLIMATE CHANGE, LAND USE AND MONETARY POLICY, THE NEW TRIFECTA.
CarbonCurrencyEndGame #1930’s the sequel non crime thought crime and the non nazi nazi nazis.
Doubling Back I often find it somewhat more productive than doubling down. Doubling Down is a form of denial and Doubling Back is a retracing of steps to find where one took a misstep.
Whilst the end of the World is not nigh, the end of the current monetary arrangements is nigh, and also the old social contract is up in flames and withering away as I type this.
This is the Dawning of the new Grub Street in Exile Age of Aquarius, as we shall see the Going Direct Spring 2024 is upon us, and whilst the distractions are many the core issue remains the same. Going Direct is a suicidal pathway to Techno Fascist Feudalism and the common themes of the new “Nobel Lie” revolve around;
I’ve spent the week going around the block sort of recapping so it’s something that when I get the time to do or feel the urge to do I find it quite useful because I think you need to take a longer time context along a timeline as we’ve just discussed before to get a a handle on the direction of travel as sort of a triangulation context, motivation seeing what people’s actions follow words and sometimes those actions can be several years after the words were initially spoken so um going direct as you know is the Black Rock plan put before the pandemic um to deal with the next financial crisis which most people that follow these things agree started in September 2019 with the New York repo Spike well going direct I made a mind map sort of just covering some of the areas with which I’ve studied and blogged about which is climate science Information Technology blockchain um and monetary reform okay now and then the last four years i’ I’ve gone back to my um profession uh of being a property developer now um there’s a brilliant book called um land policy money and climate the new Trifecta CLimate Change , Land Use and Monetary Policy, The New Trifecta. by someone called, I think it’s Geraldine Ryan Perry it’s a brilliant book I’ve got it on Kindle I often read bits of it on the airplane when I’m coming back and forth to Sweden
If one observes the long game the dominant Narrative of the past 30 years is Climate Change and CO2 emission being the only thing anyone needs to focus on. The Carbon footprint narrative is by a long chalk well ahead of the curve even with the relatively short but seemingly endless Pandemic and Vaccine Narratives of the Past two years. Naming names, Larry Fink of Blackstone and Blackstones Going Direct is considerably more powerful a control lever on what happens next than the efforts of Bill Gates and Dr. Fauci to enrich Big Pharma and themselves, Gates also has a bigger card in the game, and that is Digital ID and its relationship to both Near earth Satellite networks and the 5G networks, which coincidentally really were rolling out at the Same Time as the Wuhan Event, also in coincidentally? Wuhan. The Vaccines and Vaccine Injury are very much closely related to the Adjuvants and not necessarily the Pathogen dose delivered in the solution of the Adjuvant. It is the Adjuvant rather than the disease that is of interest to the 5G / ID aspects of what the past two years have really been all about. The Repo Spike in Newyork on September 19th, 2019 was the starting pistol, of course, the dress rehearsal was Event 201, The Objective was almost certainly to gain widespread acceptance of Digital IDs on SmartPhone devices and possibly by stealth through Nanotechnology, within the Adjuvant solutions in the MRNA vaccines( Experimental Gene Therapies?). So what about Climate Change, CO2, and all that, no it’s not the Graphine found in some adjuvant samples but the Rationing of Carbon through a Carbon-based currency which is why the Climate Change Agenda particularly the CO2 control knob is so important. The ratio of Good Energy ( renewables) for which Carbon Credits will be created and Bad Energy of “Fossil Fuels which represent Carbon debits, is 16:1. There are various combinations that could see the ratio vary but essentially as with The Gold Standard a Carbon Credit Renewables Standard has the same ratio as the Historical Bi-Metallic ratio known to numasticist’s the world over. A deflationary centralised banking regime will be able to impose Austerity to an authoritarian extent extending to a population control mechanism. This is a far more likely delivery mechanism for Rapid population reduction policies than any Vaccination regime, Famine equally, is a far more effective and efficient means of population reduction than certainly War or any other form of genocide, also for the Authoritarian regime deploying it, it is also complete with a shield of plausible deniability.
The Monetary Tactics of the Banking Oligarchy ( TO 1933)
The inability of the investment bankers and their industrial allies to control the Democratic Convention of 1896 was a result of the agrarian discontent of the period 1868-1896. This discontent in turn was based, very largely, on the monetary tactics of the banking oligarchy. The bankers were wedded to the gold standard for reasons we have already explained. Accordingly, at the end of the Civil War, they persuaded the Grant Administration to curb the postwar inflation and go back on the gold standard (crash of 1873 and resumption of specie payments in 1875). This gave the bankers a control of the supply of money which they did not hesitate to use for their own purposes, as Morgan ruthlessly pressurized Cleveland in 1893-1896. The bankers’ affection for low prices was not shared by the farmers, since each time prices of farm products went down the burden of farmers’ debts (especially mortgages) became greater. Moreover, farm prices, being much more competitive than industrial prices, and not protected by a tariff, fell much faster than industrial prices, and farmers could not reduce costs or modify their production plans nearly so rapidly as industrialists could.
The result was a systematic exploitation of the agrarian sectors of the community by the financial and industrial sectors. This exploitation took the form of high industrial prices, high (and discriminatory) railroad rates, high interest charges, low farm prices, and a very low level of farm services by railroads and the government. Unable to resist by economic weapons, the farmers of the West turned to political relief, but were greatly hampered by their reluctance to vote Democratic (because of their memories of the Civil War). Instead, they tried to work on the state political level through local legislation (so-called Granger Laws) and set up third-party movements (like the Greenback Party in 1878 or the Populist Party in 1892). By 1896, however, agrarian discontent rose so high that it began to overcome the memory of the Democratic role in the Civil War. The capture of the Democratic Party by these forces of discontent under William Jennings Bryan in 1896, who was determined to obtain higher prices by increasing the supply of money on a bimetallic rather than a gold basis, presented the electorate with an election on a social and economic issue for the first time in a generation. Though the forces of high finance and of big business were in a state of near panic, by a mighty effort involving large-scale spending they were successful in electing McKinley.
Money Power Seeks to Control Both Political Parties
“NEXT PLUNG’D A FEEBLE, BUT A DESP’RATE PACK, WITH EACH A SICKLY BROTHER AT HIS BACK: SONS OF A DAY! JUST BUOYANT ON THE FLOOD, THEN NUMBER’D WITH THE PUPPIES IN THE MUD. ASK YE THEIR NAMES? I COULD AS SOON DISCLOSE THE NAMES OF THESE BLIND PUPPIES AS OF THOSE.”(B 305–310)
There is one direction in which Mr Streit’s proposals are open to improvement. Let us turn to another in which he does not seem to have realised all the implications of his proposal. This great Union is to have a union money and a union customs-free economy. What follows upon that? More I think than he realises.
There is one aspect of money to which the majority of those that discuss it seem to be incurably blind. You cannot have a theory of money or any plan about money by itself in the air. Money is not a thing in itself; it is a working part of an economic system. Money varies in its nature with the laws and ideas of property in a community. As a community moves towards collectivism and communism, for example, money simplifies out. Money is a necessary in a communism as it is in any other system, but its function therein is at its simplest. Payment in kind to the worker gives him no freedom of choice among the goods the community produces. Money does. Money becomes the incentive that “works the worker” and nothing more. Ed. NB
But directly you allow individuals not only to obtain goods for consumption, but also to obtain credit to produce material for types of production outside the staple productions of the state, the question of credit and debt arises and money becomes more complicated.
Here and there in the book, though not often, there are references to the ‘dependencies’ of the democratic states. ‘Dependencies’ means subject races. It is explained that they are to go on being dependencies, that their resources are to be pooled among the states of the Union, and that their coloured inhabitants will lack the right to vote in Union affairs. Except where the tables of statistics bring it out, one would never for a moment guess what numbers of human beings are involved. India, for instance, which contains more inhabitants than the whole of the ‘fifteen democracies’ put together, gets just a page and a half in Mr Streit’s book, and that merely to explain that as India is not yet fit for self-government the status quo must continue. And here one begins to see what would really be happening if Mr Streit’s scheme were put into operation. The British and French empires, with their six hundred million disenfranchised human beings, would simply be receiving fresh police forces; the huge strength of the USA would be behind the robbery of India and Africa. Mr Streit is letting cats out of bags, but all phrases like ‘Peace Bloc’, ‘Peace Front’, etc contain some such implication; all imply a tightening-up of the existing structure. The unspoken clause is always ‘not counting niggers’. How can we make a ‘firm stand’ against Hitler if we are simultaneously weakening ourselves at home? In other words, how can we ‘fight Fascism’ except by bolstering up a far vaster injustice?
For of course it is vaster. What we always forget is that the overwhelming bulk of the British proletariat does not live in Britain, but in Asia and Africa. It is not in Hitler’s power, for instance, to make a penny an hour a normal industrial wage; it is perfectly normal in India, and we are at great pains to keep it so. One gets some idea of the real relationship of England and India when one reflects that the per capita annual income in England is something over £80, and in India about £7. It is quite common for an Indian coolie’s leg to be thinner than the average Englishman’s arm. And there is nothing racial in this, for well-fed members of the same races are of normal physique; it is due to simple starvation. This is the system which we all live on and which we denounce when there seems to be no danger of its being altered. Of late, however, it has become the first duty of a ‘good anti-Fascist’ to lie about it and help to keep it in being.
What real settlement, of the slightest value, can there be along these lines? What meaning would there be, even if it were successful, in bringing down Hitler’s system in order to stabilize something that is far bigger and in its different way just as bad?
But apparently, for lack of any real opposition, this is going to be our objective. Mr Streit’s ingenious ideas will not be put into operation, but something resembling the ‘Peace Bloc’ proposals probably will. The British and Russian governments are still haggling, stalling and uttering muffled threats to change sides, but circumstances will probably drive them together. And what then? No doubt the alliance will stave off war for a year or two. Then Hitler’s move will be to feel for a weak spot or an unguarded moment; then our move will be more armaments, more militarization, more propaganda, more war-mindedness — and so on, at increasing speed. It is doubtful whether prolonged war-preparation is morally any better than war itself; there are even reasons for thinking that it may be slightly worse. Only two or three years of it, and we may sink almost unresisting into some local variant of austro-Fascism. And perhaps a year or two later, in reaction against this, there will appear something we have never had in England yet — a real Fascist movement. And because it will have the guts to speak plainly it will gather into its ranks the very people who ought to be opposing it.
Orwell summarises Burnham’s ideas in The Managerial Revolution and The Machiavellians and highlights inconsistencies. He believed Burnham was fascinated by power and was sympathetic to Nazi Germany while they appeared to be winning, but by 1944 had transferred his sympathy to the USSR. He noted, however, that the theme of a new (and probably servile) society—neither capitalist nor socialist—was predicted in many works such as Belloc’s The Servile State, and dystopian novels such as Wells’ The Sleeper Awakes, Zamyatin’s We and Huxley’s Brave New World.
Capitalism is disappearing, but Socialism is not replacing it. What is now arising is a new kind of planned, centralised society which will be neither capitalist nor, in any accepted sense of the word, democratic. The rulers of this new society will be the people who effectively control the means of production: that is, business executives, technicians, bureaucrats and soldiers, lumped together by Burnham, under the name of ‘managers’. These people will eliminate the old capitalist class, crush the working class, and so organise society that all power and economic privilege remain in their own hands. Private property rights will be abolished, but common ownership will not be established. The new ‘managerial’ societies will not consist of a patchwork of small, independent states, but of great super-states grouped round the main industrial centres in Europe, Asia, and America. These super-states will fight among themselves for possession of the remaining uncaptured portions of the earth, but will probably be unable to conquer one another completely. Internally, each society will be hierarchical, with an aristocracy of talent at the top and a mass of semi-slaves at the bottom.
END OF OWNERSHIP, CIRCULAR ECONOMY PROOF OF BRAIN AND PRIMARY, INTERMEDIARY AND CONSUMPTION ENERGY TOKENS. A FRAMEWORK EVOLVES.
If one just accepts that there is nothing to redeem the existing Finance System getting on with rebasing money to either Joules or KWH equivalents in the three categories of Primary Intermediary and consumption and noting the Hoarding aspects of energy in long-term capital assets and applying something akin to the single land tax on them, we really can get somewhere near to a sustainable Birth Right economy. Where it gets very interesting is in the Information economy where shared knowledge doubles the knowledge it does not half it. Richard Stallman (GNU) often makes that very point. To satisfy the need for Status in the Social Animal humankind ( see Pigou Dalton Principle for a Theoretical framework for Taxation boundary conditions. ) Anyhow it is in the space of non-monetised social interactions where the second sort of discretionary token can be created on a blockchain providing the necessary ornament and display trinkets that determine the mating game? I will not elaborate here but Forres / Lagom the community system I have been working on has the idea that it is Mineable or winnable or giftable, The Distributed computing platform Steemit has something called proof of Brain which is a species of the sort of online social success measure which can easily be monetised to provide a competitive element to the Production of both the Birth Right token and the Discretionary speculative mating game side of the sustainable circular economy.
HALF THE WORLD’S METALLIC MONEY DESTROYED Alexander Del Mar, estimated that the silver demonetizations cut Europe’s money supply in half: “Mr. Carlisle (later Secretary of the Treasury, 1893-97) said in the House of Representatives, February 2 ISt, 1878, ‘The conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise, from three-sevenths to one-half of the metallic money of the world, is the most gigantic crime of this or any other age.”, 19TH CENTURY MONETARY CRIMES-THE GREAT DEFLATIONS p.485 Zarlega Lost Science of Money
