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Money, Energy and Markets. Monopoly. The Giant Sucking Sound

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The Giant Sucking Sound , A Sharp intake of Breath, A duel to the death The New United States Republic 1776-2016.

rogerglewis

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November 5, 2016

The Giant Sucking Sound , A Sharp intake of Breath, A duel to the death. The New United States Republic 1776-2016.

In 1729 Benjamin Franklin wrote a pamphlet ´´A modest Enquiry into the nature and the necessity of a paper Currency.”

a modest enquiry,

”There is no Science, the Study of which is more useful and commendable than the Knowledge of the true Interest of one’s Country; and perhaps there is no Kind of Learning more abstruse and intricate, more difficult to acquire in any Degree of Perfection than This, and therefore none more generally neglected. Hence it is, that we every Day find Men in Conversation contending warmly on some Point in Politicks, which, altho’ it may nearly concern them both, neither of them understand any more than they do each other.

Thus much by way of Apology for this present Enquiry into the Nature and Necessity of a Paper Currency. And if any Thing I shall say, may be a Means of fixing a Subject that is now the chief Concern of my Countrymen, in a clearer Light, I shall have the Satisfaction of thinking my Time and Pains well employed.

To proceed, then,

There is a certain proportionate Quantity of Money requisite to carry on the Trade of a Country freely and currently; More than which would be of no Advantage in Trade, and Less, if much less, exceedingly detrimental to it.

This leads us to the following general Considerations.”

http://founders.archives.gov/documents/Franklin/01-01-02-0041

This statement serves as my introduction, When the British Banned Colonial Scrip the first Giant Sucking Sound of the prosperity of the United States Colony being appropriated by the British Ruling Class and the Money Interests, amongst other complaints lead to the Formation of the first United States republic.

Set against the British the new Americans Found an Ally in King Louis XVI of France who Started sending Supplies in 1775, We find Benjamin Franklin in France December 1776 to rally support, the rest is history suffice to say The events of the formation of the First French republic are not un-connected to the large expense of funding foriegn wars.

The first French Republic was founded on 22 September 1792, the evolution of the factions into the Dissolution into the First Empire of 1804 under Napoleon is another story. An apocryphal parallel in the US to the factions vieing for representation and power in the french Republic
is perhaps seen in a Duel Fought between Alexander Hamilton and Aaron Van Buren . On July 11, 1804, the enemies met outside Weehawken, New Jersey, at the same spot where Hamilton’s son had died. Both men fired, and Hamilton was mortally wounded by a shot just above the hip.[50]https://en.wikipedia.org/wiki/Aaron_Burr

figAlexander Hamilton fights his fatal duel with Vice President Aaron Burr.

Aaron Burr was Jeffersons Vice President and Hamilton a Federalist lets look at what they both stood for.

The New Republic: The United States, 1789-1800
Part 1
Copyright © 2005-2020, Henry J. Sage

Important Early Political Figures

• WASHINGTON: Tried to stay “above politics”; was generally sympathetic to Federalists—sided with Hamilton over Jefferson. Probably could be called a Federalist.

• HAMILTON: Had a noted business-financial bias; believed in original sin—the natural depravity of human beings, therefore strong controls called for; he had authoritarian inclinations and an entrepreneurial spirit.

• ADAMS: Adams had an agricultural bias but otherwise thought much like Hamilton. He was a true republican, though accused of monarchical sympathies. Deserved a second term as president.

• JEFFERSON: He had an agricultural bias; he also believed in human perfectibility and was wedded to ideas of reason and science; he therefore mistrusted government because of his belief in human goodness.

• MADISON: Began as Federalist but after the Constitution was adopted he turned more toward Jeffersonian ideals and became Jefferson’s disciple and successor as president. Many historians, myself included, believe that Madison was the most brilliant political thinker of the age.

• John MARSHALL: He was a strong Federalist who carried out much of the Federalist agenda as chief justice—well into the Madison-Monroe-Jackson years, served as chief justice from 1801 to 1835.

http://sageamericanhistory.net/federalperiod/topics/1790spart1.html#HamiltonFin

Hamilton was also notable as the ”Father of American Capitalism.

”Hamilton can truly be called the father of American capitalism. Whether ones approves of the capitalist system or not, it was still a great achievement by that most controversial of the founding fathers. His achievement as first Secretary of the Treasury was to create a stable and sound federal financial system, without which the economic development of America would have been severaly hampered.”

The Developments in France over the next Half Century lead us to the momentousevents of European PoliticalEconomy in 1848, where there were many revolutions. The events in France are analysed by Karl Marx in this Essay. The Eighteenth Brumaire of Louis Bonaparte Written: December 1851-March 1852;

https://www.marxists.org/archive/marx/works/download/pdf/18th-Brumaire.pdf

The preface to the 1869 edition tells us all we need for our purposes here.

”From the above facts it will be seen that the present work took shape under the immediate pressure of events and its historical material does not extend beyond the month of February, 1852. Its republication now is due in part to the demand of the book trade, in part to the urgent requests of my friends in Germany. Of the writings dealing with the same subject at approximately the same time as mine, only two deserve notice: Victor Hugo‘s Napoleon le Petit and Proudhon‘s Coup d‘Etat. Victor Hugo confines himself to bitter and witty invective against the responsible producer of the coup d‘etat. The event itself appears in his work like a bolt from the blue. He sees in it only the violent act of a single individual. He does not notice that he makes this individual great instead of little by ascribing to him a personal power of initiative unparalleled in world history. Proudhon, for his part, seeks to represent the coup d‘etat as the result of an antecedent historical development. Inadvertently, however, his historical construction of the coup d‘etat becomes a historical apologia for its hero. Thus he falls into the error of our so-called objective historians. I, on the contrary, demonstrate how the class struggle in France created circumstances and relationships that made it possible for a grotesque mediocrity to play a hero‘s part. A revision of the present work would have robbed it of its particular coloring. Accordingly, I have confined myself to mere correction of printer‘s errors and to striking out allusions now no longer intelligible. The concluding words of my work: ―But when the imperial mantle finally falls on the shoulders of Louis Bonaparte, the bronze statue of Napoleon will come crashing down from the top of the Vendome Column,‖ have already been fulfilled. Colonel Charras opened the attack on the Napoleon cult in his work on the campaign of 1815. Subsequently, and especially in the past few years, French literature has made an end of the Napoleon legend with the weapons of historical research, criticism, satire, and wit. Outside France, this violent breach with the traditional popular belief, this tremendous mental revolution, has been little noticed and still less understood. Lastly, I hope that my work will contribute toward eliminating the school-taught phrase now current, particularly in Germany, of so-called Caesarism. In this superficial historical analogy the main point is forgotten, namely, that in ancient Rome the class struggle took place only within a privileged minority, between the free rich and the free poor, while the great productive mass of the population, the slaves, formed the purely passive pedestal for these combatants. People forget Sismondi‘s significant saying: The Roman proletariat lived at the expense of society, while modern society lives at the expense of the proletariat. With so complete a difference between the material, economic conditions of the ancient and the modern class struggles, the political figures produced by them can likewise have no more in common with one another than the Archbishop of Canterbury has with the High Priest Samuel.Karl Marx, London, June 25, 1869
(My Italics at the end).

The US fought a Civil War from 1861-1865 with sojourns into the 1st and second world wars and the nixon shock we might find at these points in US history the analogues to the numbered french Republics.

• French First Republic (1792–1804)

• French Second Republic (1848–1852)

• French Third Republic (1870–1940)

• French Fourth Republic (1946–1958)

• French Fifth Republic (1958–Present)

If we fast Forward to the 2016 Presidential Debate and the Al Smith Memorial Dinner. What we see is a GOP candidate who does not represent the GOP Establishment and Democratic Party candidate who does represent both the GOP and Democratic Party Establishment both having become Federalist, in the old sense of the original two party contextualising of what the Republic was to be .
There are two striking factoids about the Al Smith Memorial Dinner and those are that 1948 and 1992 are the only two years in its 67 year history that the respective candidates for president did not address the dinner those years are 1948 and 1992.
In 1948 A democratic Candidate Truman, was on the ticket that had been installed by the establishment against the popular choice Henry A Wallace had lost out to Truman for Vice president in 1944 and in 1948 ran as an independent.

The 1992 Election had the third candidate Ross Perot and also Bill Clinton came from out of the blue to secure the Democratic Nomination and topple the incumbent George Herbert Walker Bush for the presidency.

The other notable year is 1960 when Kennedy beat Nixon. Kennedy’s address to the Dinner in 1960 is instructive in its reference to the 1928 Election when Smith Lost to the Republicans

http://www.presidency.ucsb.edu/ws/?pid=74114

This is a transcription of this speech made for the convenience of readers and researchers. A copy of the text of this speech exists in the Senate Speech file of the John F. Kennedy Pre-Presidential Papers here at the John F. Kennedy Library.

”Actually the first Presidential candidate to conduct a nation-wide campaign was General Winfield Scott in 1852. But, although he made many speeches, he insisted that his only motive was to find a suitable site for a military hospital. “I do not come here to solicit your votes,” he said, “I come on a mission of great public charity.” I am sure tonight that Mr. DeSapio and the other political leaders gathered here know that I would not dream of coming to solicit their votes – I also come on a mission of great public charity – to aid the Alfred E. Smith Wing of St. Vincent’s Hospital. That great institution has truly been what Cardinal Spellman declared it always would be: “A house of healing wherein the sick and suffering, be they rich or poor, Negro or white, Protestant, Jew or Catholic, may find comfort, cure and refuge from pain and sickness.” No other cause is more worthy of our support.

But we are also here tonight to pay tribute to a great American, Al Smith. I never knew Al Smith. I can claim no association with his career. And so it is difficult for me to know just how to speak of him tonight – what memories to recall to those of you who knew him well – what qualities to bring back for their present day values.

It would not do, I am convinced, to speak of Al Smith only as a Democrat. To be sure, we in the Democratic Party are proud to claim him. And to be sure, he was attacked by his partisan adversaries in the past. But a different generation honors him now. – and he belongs to them as well. The presence here tonight of so many distinguished Republicans reminds us that Al Smith holds a place of affection in their hearts equal to the one he holds in the hearts of the party he served so long and so well – as Assemblyman, Sheriff, President of the Board of Aldermen, Governor of New York and Presidential nominee.

Neither would it be enough, I am convinced, to speak of Al Smith only as a New Yorker. To do only that would also devalue his worth. He was indeed, as his enemies claimed, up from the sidewalks of New York – the Fulton fish Market – and Tammany Hall. He was indeed rejects as strange and alien by many who lived in other parts of the country – who feared or sneered at the New York ways of Al and his Katie – declaring “They’re not our kind of folks.” But a different generation knows better. It knows that he made this state of New York a social laboratory, in which were developed for all America the laws of light which hurled back the dark age of industrial revolution.

Finally, I am convinced that it is not enough to speak tonight of Al Smith only as a Catholic. To be sure, that was his creed, his faith and his strength – and some say his political weakness. And that is how most political columnists refer to him and his campaign today. But to emphasize only this aspect of his life is to ignore the vast range of Al Smith’s intellectual horizons –his uncompromising devotion to America and its Constitutional values – his passionate belief in religious liberty and religious equality – his untiring efforts on behalf of the public schools – and his deep-felt dedication on other issues (including his party, and Prohibition) which were equally responsible for his defeat in 1928. It overlooks the kind of man whose speech to a group of intellectuals at Cambridge, Massachusetts held them fascinated for over an hour – one professor observing later: “How Aristotle would have liked that address!”

Yes – the party, the city and the Church he loved are all important parts of Al Smith’s life. But what is most important for us to recall tonight, it seems to me, is another quality that best sums up Al Smith’s career – and that was his passion for the hard, unvarnished facts, his sometimes brutal and sometimes humorous candor, his insistence throughout the years that the American people just “look at the record.” He was, at all times, a realist, a hard-headed, tough-minded fighter from Oliver Street and the Fulton Fish Market. He knew how to put the facts before the people, how to strip an issue of all pretense and how to unmask hypocrisy, double-talk and visionary schemes for what they really were. Using a phrase picked up from Fulton Sheen, he often said that “the world would be better off if there was more blarney and less baloney.” He could hand out the blarney with the best of them – the dialect jokes, the Irish songs, the stories and the praise – but he had no stomach for political “baloney.”

When farm income fell in the 20’s he criticized those who “promised relief – and gave nothing but three cheers.” When Prohibition became a farce and an evil, he spoke out with contempt for those who dodged this politically hot issue by calling it a “noble experiment.” When religious and racial intolerance was a whispering issue in the National Convention of his party, even before he was its standard-bearer, he brought that issue out into the open. “The Catholics of the country,” he said, “can stand it. The Jews can stand it. But the United States of America cannot stand it.”

Al Smith lived up to the principle first set forth by Carlyle: that the essence of true heroism is true sincerity. In vetoing those bills which rode a crest of popular anti-Socialist hysteria after the First World War, he denounced those who had built this “red scare” up out of all proportion, forgetting, as he said, “the traditional abhorrence of a free people of all kinds of spies and secret police.” When as an Assemblyman in the New York State Legislature, he was asked by the fish canners for an exception under his bill providing for a six-day work-week, he told them: “I have read carefully the commandment, ‘Remember the Sabbath Day, to keep it holy’; but I am unable to find any language in it that says, ‘except for the fish canners’.” And he laid another opponent low with the retort: “If bunk were electricity, that man would be a powerhouse.”

It was perhaps his greatest quality, the old New York Sun said – “his scorn of pompous pretense.” When the managers of his gubernatorial campaign asked him to wear his hat straighter – and less on the back of his head – he told them: “The people of this state don’t care how the outside of my skull looks. They want to know what’s inside it. If I’ve got to change the way I wear my hat, you can get yourselves another candidate.” When he started out on his tour of the nation in 1928, his council of strategy reportedly voted unanimously against his even wearing the brown derby – but he alone voted “aye” – and the brown derby stayed.

When his opponents in that campaign prophesied that the election of Smith would end prosperity to such an extent that grass would grow in the streets, Al replied that he could use a putting-green in Times Square. And earlier, when an engineer whom he wanted to head the Department of Roads said he knew nothing about politics, Governor Smith told him: “That’s one of the reasons I want to appoint you. We have had a good many political superintendents of highways – and now we want one who knows how to build roads.”

He was, in short, truly the “Happy Warrior” – able to ridicule adversity, pomposity, hypocrisy and falsehood – but nevertheless determined to fight them all the way. And Al Smith was a happy warrior because, more perhaps than any other leader of his time, he lived up to these words of Pericles burying the Athenian dead. “The secret of happiness, said Pericles, “is freedom – and the secret of freedom is a brave heart.” Al Smith had a brave heart – and we need more such brave hearts and more such happy warriors today.

For the hour at which we are arrived in American life today is strangely similar to the one in which Al Smith emerged ready to do battle – against sloth and drift and decay, against hypocrisy and pomposity and prejudice. In a surface view, perhaps, life in our time – as in Al Smith’s time – is gay and careless, prosperous and contented. People come and go, more concerned with the good life than with the good society. They live by themselves, with themselves and for themselves alone, with no concern for the hard, rough road that lies ahead.

Pleasure is our goal – leisure is our ideal. Obligations, standards, old-fashioned devotion to “duty, honor and country” – these are all passé, neglected, forgotten. The slow corrosion of luxury – the slow erosion of our courage – are already beginning to show. Our profits may be up – our standard of living may be up – but so is our crime rate. So is the rate of divorce and juvenile delinquency and mental illness. So are the sales of tranquilizers and the number of children dropping out of school.

Nearly one out of every two American young men is rejected by Selective Service today as mentally, physically or morally unfit for any kind of military service. Nearly one out of every three American prisoners of war in Korea was guilty of collaborating with the enemy, in either a major of minor way. Nearly one in seven engaged in major offenses, such as broadcasting propaganda or spying on his fellow prisoners. For the first time in history, not one American prisoner escaped. And 38 per cent of our men died in captivity, the highest rate in all our history. And yet, on the other hand, among Turkish and Colombian soldiers taken prisoner – many of them injured and many of them poorly educated – not a single one died – not a single one collaborated in any significant way – and the whole group maintained a remarkable sense of discipline.

And that is why I say today we need Al Smith’s candor and courage, his sense of reality and responsibility. For in his day, also, the nation had seemed to lose perspective and drive. As F.D.R. said in nominating Al Smith in ’28: “The soul of our country, lulled by material prosperity, has passed through eight gray years.” The nation was fat contented to hold on to what it had – to keep out new immigrants and new ideas. It had lost its vision of far horizons. Its outlook was petty and nearsighted, following the words of Omar Khayyam: “Take the cash and let the credit go – nor heed the rumble of a distant drum.”

And then Al Smith emerged to lead the charge, in the best of all wars. It was the war of thought against matter, of reason against slogans, of the public good against private appetites, of responsible leadership against aimless drift, of moral accountability against moral indifference. It was the war to unmask the imposters, to replace the false with the true, to throw the money-changers out of the temple, to raise the inert mass of men to the dignity of an alert, choosing people, consciously and gladly assuming the burdens of advancing mankind.

“A great nation,” said Woodrow Wilson “is not led by a man who simply repeats the talk of the street-corners or the opinions of the newspapers. A (great) nation is led by a man who speaks a new principle for a new age; a man (to whom) the voices of the nation … unite in a single meaning and reveal to him in a single vision, so that he can speak what no (one) else know, the common meaning of the common voice. Such is the man who leads a great, free, democratic nation.”

And such a man was Al Smith – not personally victorious in the end – but a great leader – an unusual man – an outstanding man. As Robert Moses reminded us in a perceptive article last year: “Fate tried to conceal him by calling him Smith; but as the brown derby brushed the stars, the anvils of a thousand Smiths rang out, and a great shout arose ‘Emanuel!’.”

We need that kind of leadership today. We need Al Smith’s kind of candor today – that willingness to tell the people the hard facts that face us. We need to be told that the next decade is not all peace, prosperity and progress – that we cannot take for granted our security, our liberty or even our future. We need his ability to ridicule the diplomatic pomposity that passes as wisdom. We need to recall – when sweet, seductive voices tell us to relax, that the Cold War is ending that no sacrifice is needed, that the future is going to be easier and more secure – that Al Smith would have said: “yes – but let’s look at the record.”

We need to wake up the young men who are born old, cowering in their ruts, afraid of the unknown worlds that lie beyond the map. We need to cut through the shibboleths of contentment and reassurance, and recognize, in John Boyle O’Reilly’s words, that:

“The world is large when its weary leagues two loving hears divide;
But the world is small when your enemy is loose on the other side.”

Al Smith himself warned: “In the height and glory of every nation, men are prone to forget their responsibilities.

We dare no longer forget our responsibilities – to our nation and its heritage, to all the free word, to all the generations yet unborn. We dare no longer neglect the fact, as Charles Malik has put it, that “Communism cannot be met by a mere nay; it requires a mighty yea.” We dare no longer ignore the fact that the world is changing – our cities, our maps, our frontiers and even our adversaries – all are changing. And in this era of change and challenge, we need the hard, tough leadership and the frank, fresh call of Alfred Emanuel Smith.

For legend has it that after the bloody battle of Thermopylae, the victor Xerxes prepared to spread a purple cloak over the body of his vanquished enemy Leonidas, out of admiration for his valor. But as he was about to lower the cloak, a strange voice out of nowhere called out: “No. Take that cloak from me. I will accept no favor from the Persians.” And Xerxes knew that it was Leonidas, speaking to him from the other world. And he called out into space: “But thou art dead, Leonidas. Why hate the Persians even in death?” And, according to the legend, back came the stirring reply: “The passion for freedom dieth not.”

Al Smith’s passion for freedom did not die with him. It is ours to nurture today. May we all be true to that great legacy.”

https://www.jfklibrary.org/Research/Research-Aids/JFK-Speeches/New-York-NY-Al-Smith-Dinner_19591022.aspx

I made this video.

Giant Sucking Sound, Dont Get fooled again. #MAGA

A strong theme emerges from the 1928, the 1960 and the 1992 elections as they do form the stages of the US republic along with the 3 catastrophic US Wars. Governments rule by consent and ignore the plight of the people at their peril. Now is one of those times.

I have struggled with this Broad sweep of historical Narrative, usually when sconfronted with so many interlocking and symbiotic themes , (each of which deserves much study in its own right), I write a Poem in the epic tradition. Time does not allow for such a poem to be wirtten ahead of the US Election so I offer up this inadequate smorgs board of half complete ideas hopefully some coherence will emerge in the minds of readers who can add their own colour and probably better grasp of all the historical facts.

Here are My Notes compiled over the past fortnight which will all go into my final work of poetry. Contected events are cyclical and history acts as a pendulum. A pendulum overcomes momentum at the extreme of its travel and gravity provides action in the opposite direction, has the pedulum swung to its summit and how far and fast events fall to the equilibreum on its travel to the other extreme remains to be seen. We do have the historical record of the ebbs and flows of the US story and the french Stories since the first republics were formed to provide us with some lessons.

Notes. Folder at link.

https://drive.google.com/open?id=0B_sThwX_Vd3pRm51bFFuTm1zMzA

All Of this Inspired this Shorter poem relevant to todays date. Novemenr 5th and the gunpoder plot in the United Kingdom.

November The 5th, Bonfires Flames and Embers ( a poem)

November The 5^th.

Bonfires Flames and Embers

Around the bonfires stand communities

Children Burn Sparklers and Adults Candles

Effigies atop the bonfire fear the flames

At the seat of the Fire Embers Accumulate

Dreaming at Home Communities retire

Slumber hangs over the Town

The Bonfire smolders unobserved

Effigies, Sparklers and Candles All Embers Now

Flames lick the skies spectacular

Sparklers delight and perform fleetingly

Candles support but one fragile flame

Embers , wax and Magnesia

Calliopsis or Magnesia fueled from embers

The Health of the embers combustible flames

Who celebrates the embers endeavors

Who sees the symbiosis of the combustion and the fuel

All fate leads into the embers

All Embers fate to blow as dust

All Flames from the embers driven

Do the flames celebrate the embers for their finery?

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17. tinmanwp2 says:

    October 18, 2019 at 5:38 pm

    Hamilton had it in for guys named Aaron apparently. Or was it Martin’s ploy to get his brother out of the way? Hmmm…

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Thursday, 28 April 2011

I wrote this to A friend but its really a letter to everyone who is interested in just one small Journey through Life

Hi Roy,

I bought quite a few copies of Maverick in a remainder shop in Greenwich and gave them to staff and clients other business associates too.

I was in the property Business I had a Residential and Commercial Estate Agency/consultancy in London Docklands and A group of development companies which I disposed of between 2000 and 2005
I built up my business from 1990 to 2000 and concentrated soley on my development and investment companies from 1997 to 2003. I always kept my teams very small and had a large extended organisation of professional advisors who were employed specific to individual projects my intention was never to create some sort of Business Empire my sole objective was very narrow in that I wanted to soley make Money and get out. I really didn't enjoy the experience It made me very selfish and ultimately very ill although Financially it made me independant. My Business career showed me the worse of human greed in myself and also in my business partners investors and everyone who shared a place at the Trough with me it was truly a terrible experience but one that taught me quite a lot as did being one of the Rich in a world with too much poverty.
When I sold my main company in 2003 my world fell apart My wife and I divorced I became a drug addicted alcoholic i spent 2 years more or less trying to self destruct I attempted suicide and did all I could to self destruct it was a very lonely time and if not for my wealth at that time I think I would have sunk without trace. When I became a father i cleaned up and found a sense of purpose and responsibility I had never felt before and since 2005 when my Daughter was born I have become the person I always was inside and that sense of responsibility has changed my whole world view. Politically I always leaned to the left partly due to my upbringing partly through a sense of Guilt now I don't think in those terms at all I think in terms of a fair and safe and sustainable world where my children can discover who they are on their own terms in their own time and foster a feeling of belonging to a society or at least a community and family that cares about them as individuals.
I have had the luxury of a lot of time to think and heal and to pursue interests such as music to the absolute extent that I could ever wish to, so I count myself very fortunate. That said my financial independence is sorely at risk due to restoring my English Country Estate having borrowed money to do it following my divorce, my ex wife and I split everything 50/50 on which I have no quibble at all although the economic reality of being divorced was something I didn't acknowledge during my break down and I made some pretty dumb decisions, again decisions that would have led me to sink without trace apart from the very advantageous position I started from, ultimately being sold short by my bankers has made a considerable difference to my economic reality but when all is said and done I consider myself much richer now than when I had many Millions of Pounds in Cash sat in an Irish Bank on the Isle of Man. whilst all of that is another story my wish is to live quietly and modestly( by my standards ) in Sweden and help my Children get the best possible education both academically and in life without the differences that would have made life for them in England very difficult, Public School and so on wasn't a world view i really wanted them to grow up with my first instincts when I gave up business were to create a bubble for myself which I realised was a very unhealthy thing to have done now and I didn't want to remain in my gilded cage and subject my children to that level of dysfunctional delusion.

And so to the future and what will be not what was and might have been.

Hopefully that gives you some idea of where my perspective is drawn from, I like Sweden very much but I am essentially something of a recluse these days I have partied enough for three life times and still feel quite alienated from society and Government and very much from business and banking. I'm not sure how much that will change over time I do care very deeply about people but do not feel very well equipped to express how much I care in a wider sense about other people I do see bigger pictures very clearly and I can explain complicated or difficult concepts to others that they may struggle with as with other people there are some things that come very easily to me and understanding complex and diverse systems is one of them. For now I am still trying to fill the role of Father and Partner which I enjoy but which isn't that natural to me and that is really my main ambition in life not to cause any damage to the development of my Children as people. Thats quite a sad part of my own story growing up and which I still struggle with but I think will still take me some time to work past completely. These days I find that I am much more comfortable and content but do still have issues with Bi Polar which I have learned to control, I no longer Drink alcohol or smoke anything and I also try to keep an even routine without over stimulating and seek a balance, balance is difficult due to my manic and obsessive tendencies but I at least try to keep my sleep patterns and rest patterns as regular as possible which moderates my swings. Whilst I recognise some delusional tendencies still I have trained myself not to act immediately on any impulse or beliefs and to slow down and just take time over everything a kind of wake up and smell the roses approach. I guess the parrallels of bi polar in individuals to model one single loop learning are quite striking, they are to me at any rate. I was in therapy privately for over ten years which greatly limited the damage which my bi polar could ultimately have wrought upon my life
the two lost years I actually think were good for me in some ways as having survived them I can draw strength from what I remember of those years.

I subscribed to a new site called e gravatar the other day which allows you to put various profiles into one place I still haven't figured out what its for exactly but heres a link it had my myspaces you tube channel and linked in profile links a link to a blog I started on 5th April, the LPA receivers sold The Mansion at my Estate and all its Land on that date at a considerable undervalue although not much of a shortfall to the mortgage debt, I felt that it was a big mile stone in my economic life so I figured i'd try and document the journey from that point in time. Part of my research on banking is to do with a constitutional approach to the Mortgage contract and the nature of physical security and its valuation and further repayment beyond security and recovery for sale of assets at undervalue. The laws of fixed charge receivership are pretty arcane and are largely drawn from the perspective of the banks for obvious reasons an irony of Common Law and the precedent system and a further failure of the state to protect the individual from vested financial interests. I am working on my approach to the question of my own banking complaints with my London Solicitors Davies Arnold Cooper and have resolved to do what I can if I am able to afford to both in terms of time and mental capacity without depriving my family of both a comfortable standard of living and the large part of my energy to be a present and loving father.
http://en.gravatar.com/rogerglewis

I hope we are able to have a continued discussion regarding a way forward for society and communities Roy, I was going to read some more Schon and Argyris today in between finishing off a recording of a song I have been writing called Let them Eat Cake.

Best Wishes,

Roger

at April 28, 2011

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Friday, 15 April 2011

Collection of Posts in the BBC News Business blog of Robert Peston And Stephanie Flanders

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Do banks use billions in subsidy wisely?07:07am on 14 Apr 2011no 195 Hello Spike. I think that you are in danger of mixing up some apples and pears and oranges here. The Basic system at the end of the day is pretty easy to understand as was its intended purpose when adopted as our means of exchange.
The banks are allowed to issue debt money licensed by the government regulated by the Bank of England with some other watchdogs. The banks engage in two overarching fields Retail and Investment banking. It is their Retail Function that allows them to engage in their Investment Function it is the Retail Function that gives their debt money its value because of the confidence that its customers have in that debt money to buy goods and services. What happens Next is not dis-similar to the concept of Float in the insurance and re insurance business for an excellent explanation of Float go to almost any Warren Buffet letter to Berkshire Hathaway shareholders.
When people Like Lord Rothschild put this down in part to a failure of regulation and management he is of course correct as he is on so many things, what he is incorrect about is that any flexibility in the banking system with respect to Fractional reserves is not sustainable as a model for society as a whole. As a means of exchange it is both expensive and unfair to the banks customers who are after all both the Government and the People ( who are supposed to be the same thing broadly speaking) The banks are creating money from nothing secured against our own wealth and lending it back to us as coin of the realm sounds a bit far fetched?.
What is Investment banking if not the Innovation division of the Fractional Reserve side of the Banking Industry it is there to find ways around the very sensible limits, imposed by regulation ,to the extent to which banks can create Money and Make it disappear literally with a stroke of a pen, most of what is created remains in a loop that never gets into the real Economy quantative easing, the missing Billions look at the loop and connect things like record profits being reported now all coming from investment banking ( what are they investing in exactly) answer in their own merry go round ( some liken it to a roulette wheel ).
Personally putting that power in the hands of a few private organisations run by people clearly motivated by quite extraordinary levels of Greed seems to me to be a rather less appealing choice than The apparatus of the state which whilst unanswerable in so many ways is still constitutionally bound by the law of the land.Where there is separation of the Judiciary and the executive and a system going back to Magna Carta which most people would cherish as the cradle of democracy ( an almost laughable proposition these days, but this is what people believe).

Its definitely time for some fresh thinking on this there is a very real need for rigourous public debate of the fundamental root of the system whilst some people have rather a lot to lose they really should have nothing to hide. Indeed those of us given to poring over report and accounts and so forth kind of know where to look but regulation is both a sword and a shield and human ingenuity will always seek to buck any system and find the loopholes, accounting and reporting is sadly not exempt from this. Investment Banks would not exist without loop holes or indeed without their Retail banks or at least a belief at large that all banks are created equal ( the public have been hoodwinked on the distinctions for too long.)

There are some very helpful explanations of all of this over at the MENSA web site. Here is the link should you be interested on a more cerebral analysis of the concepts and systems in play here

http://www.economania.co.uk/

• Do banks use billions in subsidy wisely?10:44pm on 13 Apr 2011189 Hi Spike,
  That's an interesting stance, why would that be? At least we agree that the banks have failed spectacularly, personally I wouldn't give them a second bite at the cherry.
  I'd fire them straight off the bat. I'd have a different organisation going forward it would be more efficient and cheaper and offer better value to the customers who also happen to be the UK tax payers. There could still be private banking for profit just not a state endorsed one way bet with a heads I win tails I still win but you pay twice deal.
  My chosen area of study in my retirement is actually music not economics and finance but the most beautiful Music has a simple elegance that when we hear we instinctively understand and it makes sense things that are not instinctively understood or difficult to explain are generally in my experience flawed.
  Does anyone remember Nick Leeson and Barings, these guys are above learning lessons that would send most of us to prison Mr Leeson served his time he is a baby compared to the scale of this lot. Time to take our ball back I'd say by all means lets have another system but one that makes sense and we know what it is costing us.

• Do banks use billions in subsidy wisely?10:02pm on 13 Apr 2011Spike I don't think it is true to say the banks make anything cheaper I am afraid I sit firmly in the camp that they are not useful in their current form and have pushed their luck way beyond the point of no return.
  I understand Debt Money and Credit money distinctions all to well, I am a retired property developer that now lives in Sweden I retired in 2003. I am a capitalist but believe in the idea of businesses producing something useful. As a means of providing a system of exchange the banking system has become divorced from what is useful to society they have priced themselves out of the Market Put them to the Sword I say.
  The government is the people and the people the government most people are familiar with the concept of cutting out the middle man why the provision of the means of exchange was outsourced in the first place is a mystery to me it seems I am not alone in wondering why the hell it ever happened in the first place.

• Do banks use billions in subsidy wisely?9:31pm on 13 Apr 2011Well done Robert.
  Now we are getting somewhere. Some excellent points in the foregoing comments the only constructive comment I can add is to urge all of those of you who are sufficiently interested to try and foster an interest in this matter amongst all of those people you know and come into contact with day to day. The British people have been condescended too and taken for granted for too long given all the facts they would not be supportive of huge subsidies to Banks that have served them so badly. The whole fractional reserve debate deserves to be thrown open to the floor the coalition Government wasn't elected on a lets give the banks big subsidies ticket most people think its the treasury that controls the money supply Lets have the debate, it is long over due if there is to be austerity( which there is clearly going to be ) lets know all the facts and all the alternatives and let the electorate decide.
  These are questions that even we the plebiscite should have a say on they are fundamental to the nature of universal suffrage.

• Banking Commission: retail banking must be ring-fenced10:15am on 12 Apr 2011Have you considered that ultimately so called Investment Banking relies on the concept, and a concept is what it is, of Debt Money.
  
  That is a money supply based in a system of IOU's that are accepted by FIAT( not the Italian Car Giant) as currency. We as the general population accept this Debt Money and it is the fact that we can exchange it for food and shelter that we accept it in payment for our work.
  At the most fundamental level investment banking needs retail Banking and the Debt money fractional reserve system that is licensed by those who Govern Us , it has been this way more or less from the time of George 1.
  
  There is a rather overblown and pompous tail (Investment Banking) wagging a once proud and loyal Dog( Just about everyone else including the extinct breed of wonderful hardworking executive Branch bank managers)In business my first Bank manager was Called Bill Turner he worked for Nat West in the Westferry Road Branch in the East End of London.( He was pensioned of in the mid Nineties ).
  
  Now although considered cruel in some circles you really want to Doc, the Tail of your Gun Dog.
  Time to Doc the Tail of the banking system. Without docing the tail the dog will be destroyed having been driven half mad.In this case it may well be that this Dog has to be destroyed and we will have to train another one.

• Banking Commission wants firewall around retail banking07:59am on 12 Apr 2011124. At 08:32am 11th Apr 2011, Robin Joy wrote:
  
  I find your comment interesting. Have you considered that ultimately so called Investment Banking relies on the concept, and a concept is what it is, of Debt Money.
  
  That is a money supply based in a system of IOU's that are accepted by FIAT( not the Italian Car Giant) as currency. We as the general population accept this Debt Money and it is the fact that we can exchange it for food and shelter that we accept it in payment for our work.
  At the most fundamental level investment banking needs retail Banking and the Debt money fractional reserve system that is licensed by those who Govern Us , it has been this way more or less from the time of George 1.
  
  There is a rather overblown and pompous tail (Investment Banking) wagging a once proud and loyal Dog( Just about everyone else including the extinct breed of wonderful hardworking executive Branch bank managers)In business my first Bank manager was Called Bill Turner he worked for Nat West in the Westferry Road Branch in the East End of London.( He was pensioned of in the mid Nineties ).
  
  Now although considered cruel in some circles you really want to Doc, the Tail of your Gun Dog.
  Time to Doc the Tail of the banking system. Without docing the tail the dog will be destroyed having been driven half mad.In this case it may well be that this Dog has to be destroyed and we will have to train another one.

• Banking Commission: retail banking must be ring-fenced07:21am on 12 Apr 2011Hi Robert,
  
  I thought it would be a good idea to read the report in full, thank you for posting the link, It is also a time consuming but necessary job to read the other contributions of your other readers.
  The commissions recommendations whilst welcome in that the banks are being placed under scrutiny does fall short of a comprehensive analysis of the problem.
  The tone of the report seems to be "what can we do to keep as close to business as usual" as opposed to " there has been a catastrophic failure here what is structurally amiss".
  
  Douglas Carswell tabled a private members bill in Parliament in September its second reading I think has been delayed I am trying to find out what happened to it. Mr Carswell I do feel is asking the right questions and would have been an excellent member for the Commission. Here is footage of his Bill being voted on under the ten minute rule.
  

• 
  
  There is a lot of reading to do here and so much going on elsewhere in the world and peoples daily lives and yet this is perhaps one of the most important issues of our time with profound effects on what all of our futures will bring. I can't help but think that all those of you still living in the UK and who have an MP should ask them to speak with Mr Carswell and offer him some support. Mr Carswell the MP for Clacton is a Conservative ember of parliament, not my own stripe admittedly but it does seem to me that his question is important to democracy and to a fair and even playing field. The system as it currently stands does not represent that.
  My view is that the present system is past its sell by date those running it would have forfeited their right to continue with the trust of the Government long before 2007 ( their continued arrogance since should be all the evidence anyone needs), there is a very big public service element of Fractional reserve Banking, it is licensed it is institutionalised, supposedly for the greater good. The bail outs are not serving the greater good and the Bankers have taken their privileged position granted to them when they were being useful for granted for to long.
  
  The price we are being asked to pay for a System that does have an alternative ( a Credit not Debt Based Money Supply system) Is far to high. Let them leave if they don't like the Ratios, The Bank of England isn't going anywhere and Neither are Llyods or RBS. Heres a populist suggestion Fully Nationalise Lloyds and RBS Merge them and put Alan Sugar in charge with a board of directors made up of Leaders from our Manufacturing and innovation sectors Like James Dyson.
  
  Sadly I agree with this readers analysis of what the purpose of the commission is.
  24. At 09:22am 11th Apr 2011, nautonier wrote:

• Banking Commission wants firewall around retail banking4:46pm on 10 Apr 2011Hi Robert, How about some background on this Private Members Bill, What's this all about?
  
  Douglas Carswell MP announced a bill that would end fractional reserve banking. It’s produced below in full (directly from Hansard), but I’ve added some explanatory comments in [brackets]. The bolding is mine. The bill passed to a second reading, which will be held on Friday 19th November 2010.
  
  

• Explanation time for the Bank10:11am on 17 Feb 2011Correction Mr Paines comment is at 27.

• Explanation time for the Bank09:14am on 17 Feb 2011I agree with Thomas Paine and his comment at no28.
  
  Ordinary Savers and ordinary Mortgage holders are equally badly served by the Banking System and the astonishingly narrow minded de-regulation of the same. The objectives of policy should be to safeguard Savers, Pensions and Work . Pandering to the international money markets seemingly pays very little regard to interests of the wider population of the UK and their average daily experiences and needs.
  
  The problem is that we are all being referred to the wrong page by the narrow interests at the top which ignore the needs of the many.
  
  1. Savers
  
  For Savers why don't the government introduce a Savings Bond for all , with a reasonable rate of interest paid this can surely be done at a lower cost to the government than what it pays to raise its borrowing through the Markets , the current system is a syphon of the hard earned wealth of ordinary people into the Global Banking Bonus pot.
  
  2. Work. ( most people need to work to pay their Mortgage)
  
  On the Mortgage market part of the reason interest rates are such a good control of demand is that home ownership has become the aspiration for most since the 80's, there is already a nationalised Mortgage Bank, Northern Rock and another candidate in RBS. Why not just be honest rename them the National British first time buyers mortgage bank set them sensible lending guide lines and prevent the current position whereby another whole groups savings, represented by their investment in home ownership, are written off. Presently we have a system that has no reference point in the wider needs of the society it should be serving. The current system has us all held hostage to the fortunes of International Robber Barons, some one comments above that of course the traders love it, but I question how much it benefits the vast majority of us.
  
  3. Savers , Pensions and Work.
  
  There needs to be a change in priorities for those who lead our country away from Globalism and to considerations of sustainability at a national policy level. We all simply have to include measures appropriate to where we are and the direction in which we want to go not measures forced upon us designed to promote the short term paper profits of a system that simply does not take into account what as a society most agree is more important. Comparing us to China or India and their rates of growth is just not relevant. Stephanie mentions the international terms of Trade in her article the truth is international markets compare apples with oranges all the time as they are following narrow key indicators( for them) that only matter over very short term horizons( again only to them).
  
  Perhaps Mr King is taking some wider considerations into account and is what could be termed more of the Old School on which he would have my vote on the Monetary Policy Committee every time. Maybe Mr King feels it is time for the tail to stop wagging the dog.
  
  
  

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Guitar as Therapy. Mine saves me from the greedy Bank

I have been studying guitar seriously now for a year since I moved to Sweden from the Uk. I took it up in 2003 and played casually and with increased interest as the time has passed since then.

In conjunction with my increased interest in the guitar, I have also become more interested in Guitar Technology both analogue and digital and my interests have climaxed in an obsession now with Hexaphonic pickups, Guitar Modelling, Amp modelling and DSP.

My conversion to a total commitment to learning guitar properly came by way of the epiphany of seeing Howerd morgen play chord melodies which awoke a slumbering interest I had always had in the direction of jazz the richness of the harmonies and melodic lines Howerd was demonstrating fixed for me the idea of where my musical journey needed to head.

My partner is a classically trained composer and clarinetist this has been a great leveller in terms of a real appreciation of my musical knowledge and aptitude in relation to a real life exemplar of a truly talented and educated musician, whilst not have any ambitions in a performing direction or even writing or doing anything on a purely musical level professionally I had kind of resolved that should I ever be in the position that I wanted another career then I would look in the direction of something guitar related. Learning to play and actually playing makes me very happy and I find the technological aspects fascinating as well.

Well being in Sweden Now and with our interests in the UK being severely ravaged by the economic mess we laughingly call the British economy it seems that I will be looking for some way to make a living here in Sweden. An old drama teacher at my school in England once gave a lesson about getting into the world of theatre and film his advice was to get a practical skill that can be applied back stage or behind the camera, treading the board she explained was a precarious old business even in the best of times for the majority of those drawn to the thespian muse so a practical skill is what I am looking at and the technological aspects of guitar playing and the field of DSP and all things rig related and recording related across the Analogue to digital spectrum is where my mind is taking me.

Life is good here in Sweden I have two wonderful Children Rhiannon 5 and Rasmus 18 months a lovely Swedish Partner and an area of study that offers so much interest and so many challenges.

I have to apply myself to Swedish Language studies as well I made a good start but have had to concentrate the last six months on our interests back in the UK strangely I found my guitar and music studies were therapeutic in respect of completely allowing me to focus on something I enjoyed away from the really very stressful matter of dealing with an intransigent aggressive and ultimately greedy beyond words bank and their appointed henchmen known politely as LPA receivers.

The worse of the distractions of my greedy bankers may be yet to come, it would be foolhardy to expect them to begin acting anything like reasonably based on my experiences with them since the crash in 2007. One good thing that has come from it though is a growing interest in the alternatives to the broken western/global economic system the debt money global Monetocracy, the last UK election took place shortly after we move to Sweden I watched in horror at the unbecoming spectacle of the sitting Prime Minister seeking to cling to power and the equally unedifying spectacle of the other contenders scurrying around to get their angle at the trough. I don't want to appear bitter or ungrateful, my business career in the UK was successful by almost any ones standards and the route by which the economic system has conspired to confiscate and ultimately squander my assets was not brought about by any particularly over reckless decisions taken on my part. Like so many others I have been caught up in a set of circumstances way beyond my control having essentially retired, all be it very early in 2003.I did have a few years of wild decadent abandon, even if I had avoided that, I would have ended up at the same place in 2007, and nothing I could have done before the day that Lehman brothers came crashing down could have avoided the circumstances playing out now.

I am very happy and very content but I am also pretty appalled at the mess the world is in and I know that the current system has done a lot worse and continues to do worse to almost anyone else I could ever meet, when I think what is happening and has happened in my own business life in the past 5 years I can only begin to imagine how angry so many other people must be feeling, how helpless and without hope. If I am grateful for nothing else I am grateful for the political re awakening and realisation that I really do want my kids to grow up in a fairer world not just the fairer society that Sweden already represents but a fairer world where freedom really isn't as in the words of the old song " Just another Word for nothing else to lose"

Mind you in a Buddhist sense I guess freedom is nothing to lose in a material sense and you know what In my view freedom in that sense is winning.

Update 20 march 2017. These first few posts on this blog were the starting point of the catharsis of confusion anger and desperation, It has worked for me. The saying goes The Truth will set you free but first it will piss you off. Here are some of the songs and a poem I wrote at the time this Blog was started. Let Them Eat Cake

Democracy 2011

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at April 15, 2011

https://web.archive.org/web/20180817232310/http://letthemconfectsweeterlies.blogspot.com/

Friday, 10 August 2018

MMT Billy and Murph' mutual Fluff fest and the Usury Elephant in the room. A Twitter Discourse on Money,Debt and Interest #LabourAnti-Semitism

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1. Roger Glyndwr Lewis‏ @RogerGLewis 20h20 hours ago
   

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   Roger Glyndwr Lewis Retweeted Bill Mitchell

   letthemconfectsweeterlies.blogspot.com/2018/05/why-ri… A Marriage made in Ivory Towers Avenue letthemconfectsweeterlies.blogspot.com/2018/05/mmt-ar… @jbhearn @ProfSteveKeen @scientificecon @ProfessorWerner

   Roger Glyndwr Lewis added,

   Bill Mitchell @billy_blog

   Thursday's blog (09/08) is now posted (18:48 EAST) - MMT is just plain old bad economics - Part 1 - bilbo.economicoutlook.net/blog/?p=40035

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3. John Hearn‏ @jbhearn 20h20 hours ago
   

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   Guessed it would not be long before the Labour Party embraced MMT.

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5. Roger Glyndwr Lewis‏ @RogerGLewis 20h20 hours ago
   

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   Thats just it John they have not and Murphy in his new role as chief Fluffer for Mitchel and the MMT Priesthood does not like it.

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7. John Hearn‏ @jbhearn 20h20 hours ago
   

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   The Labour Party need someone to explain how they can spend lots of money without raising taxes so MMT or Positive Money are the obvious candidates to supply some false gravitas.

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9. Roger Glyndwr Lewis‏ @RogerGLewis 20h20 hours ago
   

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   its a simple matter of Distributism instead of Debt Money should be paid into existence for useful work and basic human needs. In an energy-based economics, the monetary unit would be sensibly based upon Kilowatt hour and Calorie values for Embodied energy. letthemconfectsweeterlies.blogspot.com/2018/07/redefi…

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3. John Hearn‏ @jbhearn 20h20 hours ago
   

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   All too complicated Roger and assumes the controller of debt money knows what is meant by “useful work” and can decide what are “basic human needs”. Reverse income tax can solve this in a much simpler way and governments can balance their budgets as well

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5. Roger Glyndwr Lewis‏ @RogerGLewis 20h20 hours ago
   

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   Hi, John quite possibly correct.MMT does not allow for the possibility that a differing political stance can be both sincere and correct if not one's own personal choice. On energy Basis for money, it will, of course, seem alien #shockofnew letthemconfectsweeterlies.blogspot.com/2018/06/embodi…

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7. John Hearn‏ @jbhearn 20h20 hours ago
   

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   Money is not very important, as long as there are enough units out there to measure trade and incomes without depreciating either’s value, then we do not need an energy or a gold standard.

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9. Roger Glyndwr Lewis‏ @RogerGLewis 19h19 hours ago
   

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   John, Define Value? Define the Value of a Unit of Money? At first principles what is the basis of your Economic System? not your Economic or Political Faith.

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11. John Hearn‏ @jbhearn 18h18 hours ago
    

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    Money is valued by what it can buy. So if £1 buys a coke then the value of one unit of money is one coke. My economic system is a regulated capitalist system delivered by a classical liberal laissez-faire political party. Not a faith, but perhaps a dream!

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13. Roger Glyndwr Lewis‏ @RogerGLewis 18h18 hours ago
    

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    Hi John , If I can buy ten Cokes for 5 pounds what is the value of money then? Pretty soon the system you describe becomes unworkable, certainly non-sensical

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15. John Hearn‏ @jbhearn 18h18 hours ago
    

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    You are thinking too far out the box Roger.If, in your example, 1 unit of money is £1 then its value is 2 cokes.The value of fiat money is always what it buys. It has value in exchange. Gold money had value in use as it could be used to make jewellery as well as value in exchange

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17. Roger Glyndwr Lewis‏

1. @RogerGLewis 16h16 hours ago
   

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3. John Hearn‏

1. @jbhearn 12h12 hours ago
   

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   The rule government should observe regarding debt is imagine you were going to live forever how would you manage a sustainable debt. You then have all the answers you will ever need about debt. I wonder how many economists have thought about that!

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3. Roger Glyndwr Lewis‏

1. @RogerGLewis 11h11 hours ago
   

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   John, Debt only exists as a mental construct in Human minds, it is a controlling and vindictive idea which causes a lot of hardship. Governments with the interests of citizens in mind should ban debt. Usury is the proper term for debt contracts on money. whenthecrisishitthefan.wordpress.com/2012/01/24/the…

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3. John Hearn‏

1. @jbhearn 11h11 hours ago
   

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   I had to pay an unexpected amount of money and my mother lent it to me and then I paid her back and bought her a present in place of interest. Both of us were happy.

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3. Roger Glyndwr Lewis‏

1. @RogerGLewis 3h3 hours ago
   

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   Money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. ......(1)

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3. John Hearn‏

1. @jbhearn 1h1 hour ago
   

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   Money is what we need to complete an efficient exchange. There was never enough gold around and the process of lending actually expanded the money supply with gold stabilising its growth. Central Banks have now taken over that role of management but not doing it particularly well

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3. Roger Glyndwr Lewis‏

1. @RogerGLewis 14m14 minutes ago
   

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   Actually what one needs to do that is a Ledger and that's what money is it is a series of integers in a Ledger which was once known as Books of Account of the Bank or the Exchequer. Now Money is merely a Voucher, a special case of Voucher is FIAT Money, That which is Decreed to

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3. Roger Glyndwr Lewis‏

1. @RogerGLewis 11m11 minutes ago
   

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   Be necessary to pay dues ( Taxes) to the Guy with the biggest Gun, Monopoly on Violence, ( The State, Corporate or otherwise, Neighbourhood Drugs Hood, that sort of thing) It happens John That one of my main Bags is Disintermediated, Distributed Autonomous Organisations. (DAO's)

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3. John Hearn‏

1. @jbhearn 9m9 minutes ago
   

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   Keep up the good work Roger we need more thinkers and less doers in money markets.

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3. Roger Glyndwr Lewis‏

1. @RogerGLewis 6m6 minutes ago
   

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   John, I am a practical entrepreneur a doer with his eyes open. Having been Stung for several Mil by a fraudulent Aussie Bank I determined to figure the system out, I have and my response is to have developed My generally applicable demurrage self-credit system Lagom,

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Roger Glyndwr Lewis‏

@RogerGLewis

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If you look at my Git Hub forks you will see my ingredients, Particularly if you can understand the Voucher systems for discounting and promotions and make the connection between those and the Self Credit Vouchers

9:37 AM - 10 Aug 2018

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1. Roger Glyndwr Lewis‏

1. @RogerGLewis 6s6 seconds ago
   

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   and then understand Lagom puts the Voucher programability client side into the Currency. of choice, Complementary, Local, Club or even Fiat or supra National. This is the webinair I did for our dev team 2 years ago.

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123

1. • Roger Glyndwr Lewis‏

1. • @RogerGLewis 19m19 minutes ago
     

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     If you look at the Bastiat discussion you will note that Proudhon basically says Credit can be done another way, thats what

1. • @ProfessorWerner says too and

1. • @ProfSteveKeen is I think the furthest along with showing how things currently work

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   • Roger Glyndwr Lewis‏

1. • @RogerGLewis 18m18 minutes ago
     

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     with his Brilliant Minsky.

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   • Steve Keen‏

1. • @ProfSteveKeen 13m13 minutes ago
     

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     Minsky is now much improved after funding from

1. • @KingstonUni & my

1. • @Patreon campaign patreon.com/ProfSteveKeen. Better Godley Tables, faster performance, Bookmarks to organise 100,000x100,000 pixel canvas. If only I had time to write a manual...

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   • Roger Glyndwr Lewis‏

1. • @RogerGLewis 1m1 minute ago
     

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     Misnky is amazing Steve, have marvelled at it since you brought it onto the scene.

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   End of conversation

2. Roger Glyndwr Lewis‏

1. @RogerGLewis 3h3 hours ago
   

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   (2) Wherefore of all modes of getting wealth this is the most unnatural Book I, 1258b.4 letthemconfectsweeterlies.blogspot.com/2017/09/money-…

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   • Roger Glyndwr Lewis‏

1. • @RogerGLewis 3h3 hours ago
     

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1. • @jbhearn

1. • @ProfSteveKeen and 2 others

     Have you read Benthams In defence of Usury, the Bogus treatise upon which the Usury mistake was institutionalised into modern political economy, it is based upon an un-requited correspondence Bentham tried to have with Adam Smith which he then published. econlib.org/library/Bentha…

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   • John Hearn‏

1. • @jbhearn 1h1 hour ago
     

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     Interest is the price of efficiently lending to those who need from those with a surplus.

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   • Richard Werner‏

1. • @scientificecon 1h1 hour ago
     

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     Interesting that you are implicitly assuming, like most economists, that banks don't exist.

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   • John Hearn‏

1. • @jbhearn 1h1 hour ago
     

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     and are you implicitly assuming intermediation does not exist?

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   • Richard Werner‏

1. • @ProfessorWerner 9m9 minutes ago
     

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     I don't make assumptions. I try to describe reality. Banks are dominant features of our economies. They are ot intermediaries.

1. • @scientificecon

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   • John Hearn‏

1. • @jbhearn 3m3 minutes ago
     

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     As you should know Richard I am very strong on Banks and their failings & Central Banks & our misplaced trust in them. I presume you meant”not intermediaries” in which case you are denying their main function as you focus on a minor outcome of this process which is money creation

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2. Roger Glyndwr Lewis‏

1. @RogerGLewis 3h3 hours ago
   

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1. @jbhearn

1. @ProfSteveKeen and 2 others

   It is clear from a thorough reading of Bentham that he did not distinguish between money someone had earned and money lent into being from nothing (big difference) Bastiat and Proudhon discussed the matter fully see here... letthemconfectsweeterlies.blogspot.com/2017/05/the-ba…

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2. Roger Glyndwr Lewis‏

1. @RogerGLewis 3h3 hours ago
   

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   letthemconfectsweeterlies.blogspot.com/2016/08/neo-li…

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2. Roger Glyndwr Lewis‏

1. @RogerGLewis 3h3 hours ago
   

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   youtube.com/watch?v=Hmnct6… Research notes to this poem here letthemconfectsweeterlies.blogspot.com/2016/02/usury-…

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at August 10, 2018 Links to this post

LIVE STREAM Agenda/questions DIALOGUE WITH JOHN HEARNE. A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY. “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.

Author:rogerglewis Published Date:March 21, 2019 8 Commentson LIVE STREAM Agenda/questions DIALOGUE WITH JOHN HEARNE. A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY. “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.

LIVE STREAM DIALOGUE WITH JOHN HEARNE. A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY. “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.

Running Order.

1. John Bio Introduction. John is the Economics expert and it is His Brilliant Idea. What are his Ism ’s, Ist’s and Ologies? Are you a Monetarist? And what is that?Roger, intro brief.

Ex Property Developer, Chartered Surveyor turned Hippy Anarchist.

2. Tag Crowds in the Running Order after first Video Introduction.

1. Economy, Economics

2. Money.

Johns Tag Crowd Top 5.

3. 1. Economy, Economics, Economists. (19)

2. Government’s 12

3. Income. 9

4. private (9)

5. Management

The word Tag shows words repeated 3 times or more, Bank does not appear as it appears only Twice in the short article.

“Both Times in the context of The Bank of England, and Central Bank as a function of Government or Public Sector.

“As we have removed fiscal policy from macroeconomic management of the economy the only macroeconomic requirement will be for the Bank of England to maintain a 2% inflation rate without manipulating interest rates. This will require quantity on money management on their behalf.”

How do we keep track of the components , resources, Money, Labour and widgets and their interactions?

6. No Banks and No Money? Aggregates?

7. SMALL GOVERNMENT CLEARLY FOCUSED ON:
1. BUYING THE PUBLIC GOOD,

2. SUPPORTING THE MERIT GOOD,

2. SUPPORTING THE MERIT GOOD,

8. Spash Indulgences. Buying the public good and taxing the bad.

Free Will or Determinism?
Long Quote to discuss comment on , will not read out?
Ethics of voluntary offsets

Goodin (1994) has likened pollution permits to indulgences sold by the medieval

Catholic Church. These medieval moral sin offsets created a market whereby the

rich could pay professional pilgrims, prayers and penitents. This allowed relief

of the rich person’s conscience and less time in purgatory, without the need to

personally undertake arduous tasks or indeed stop sinning. The system replaced

personal action to address wrongdoing with a monetary transaction allowing

immoral actions to be justified. Sin would perversely increase because, for the

wealthy, indulgences provided a lower cost alternative to lengthy penances

(Ekelund et al. 1992). The analogy has also been applied to carbon offsets

(Monbiot 2006; Economist 2006). If regarded in the same way as indulgences then

GHG permits are a means of paying to undertake a wrongful act. Just as God was

the ultimate arbiter in the next life so the validity and effectiveness of GHG credits

is left for future generations to determine when they confront the impacts of

climate change and the originators of the harm have long since passed away.

If we assume that offsets are genuine and of a high standard (socially and

environmentally) and perfectly physically equivalent to emissions reduction (all

of which has been questioned and contested) then why should there be any objec-

tions? There appear to be two main concerns. First is whether GHG emissions

should be regarded as wrongful in a moral sense like sin. On aggregate and at

current levels they can, for example, certainly be regarded as harmful of the

innocent, but at low levels could be benign. So releasing GHGs is not in itself

wrong, but rather wilfully risking harm of the innocent is wrong. The problem

for economics is then its failure to distinguish between undertaking harm and

creating good – that is, incommensurability (Spash 1994, 2002).

https://www.clivespash.org/wp-content/uploads/2015/04/2010_Spash_Brave_New_World_NPE.pdf

9.A CENTRAL BANK.

the only target it can achieve which is 2% inflation

10. A TREASURY ( PART OF SMALL GOVERNMENT)

Treasury that balances the government`s budget

11. (PRIVATE ENTERPRISE), FIRMS?

private enterprise to ensure that the economy grows at a fast and sustainable rate

12 CONSUMERS AND WORKERS

employment levels are high a

long term stability in the domestic economy

13. FOREIGN TRADE?

a balance of payments close to a zero balance on current account

(long term stability in the domestic economy )

and in its currency on foreign exchange markets.

14. “WHAT IT WAS THAT WORKED IN THE PAST AND, RATHER THAN LOSE IT, THINK HOW IT CAN BE IMPROVED UPON FOR THE FUTURE.”

If it ain’t broke don’t fix it.

15. “CAPITALISM IS THE ONLY TRIED AND TESTED ECONOMIC MODEL THAT HAS BEEN SUCCESSFUL IN PROMOTING ECONOMIC GROWTH, RAISING LIVING STANDARDS AND BRINGING ABOUT GREATER EQUALITY OF INCOME AND WEALTH”.

which period of time and what is Capitalism?

Greek, Roman, Chinese, Persian, Civilisation. Hanseatic League?

What have the Romans ever done for us?.

16. Democracy? Are we Citizens SUBJECTS OR MERE CONSUMERS?

We are Accorded Elections, Who Votes on what issues?

Terms of office, Accounting Period, Where is the money coming from?

ALL ADULTS OVER THE AGE OF 18 A YEARLY INCOME OF £10,000. THIS WILL REPLACE ALMOST ALL WELFARE BENEFITS, HELP FINANCE CONTINUING EDUCATION, SUPPORT THE WELFARE SERVICE AND GIVE THE UNEMPLOYED AN INCENTIVE TO WORK

17. Universal Basic Income, or the Job Guarantee. AI, Robotics,

18. Taxation and Private property?

How did the US Federal Government raise its budget before the introduction of an income tax coinciding with the Federal Reserve in 1913? Is Income Tax constitutional in the US, in The UK.

Single Land Tax, Capital Gains Tax. Taxation on unearned income, Seniorage.
Where is the Money Token coming from?

19. Brexit? Lexit, Flexit, euSSR, euRASIA OR Oceania?

We BOTH HAVE A pro-Brexit mindset but for different reasons is my Enemies Enemy my friend?

INTERNATIONAL LAWS AND AN INTERNATIONAL COURT WHOSE RULINGS ARE ENFORCEABLE ACROSS ALL INTERNATIONAL BOUNDARIES.

Is this one world Government? New Word Order, Rules-Based International Order, NAFTA, TTIP, CETA, EU Enlargement The EURO?

20. Money, Money Money, its a Gas.
ECONOMISTS ARGUE ABOUT THEORIES THREE

COMMODITY,

chartalist

CREDIT THEORY

21. CAPITALISM. PICK A FLAVOUR ANY FLAVOUR?

22 GLOBALIZATION

23.Big Bang and Financialisation?

Money and financial institutions provide the command and control system of a modern society. The study of the mechanism, how they are formed, how they are controlled and manipulated and how their influence is measured in terms of social, political, and economic purpose pose questions, not in pure economics, not even in a narrow political economy, but in the broad compass of a political economy set in the context of society. ”
Martin Shubik

24. Minimum Wage yes or no?

24. Elitism or Populism? Dictatorship or Democracy, Debt or Credit?

26. MONEY AS A MEASURE of ENERGY BASED ECONOMICS.

Money, Energy and Markets