Do not have two differing weights in your bag-one heavy, one light. (Deut 25:13-16). POWER (ECONOMIC & GEOPOLITICAL) COMES OUT OF BARREL OF OIL. Tides of the Petrodollar moon.
A planet to its Star must look The planet no less needs its moon. As the Sun is the store of energy, New. The moon drives and regulates currents, of the tides, time and the nature of things. That Golden Orb gives all That silvery Moon regulates all Both work together even as the other Seemingly sleeps and yet currents of the tides, Time and the nature of things pass. On the nature of Man-made things On a standard of gold which Jennings would not be crucified upon, That cross Of Gold-alone hard food of Midas. No tides to complement the Orb For Silver was its currency, the Silvery moon to that crosses Golden Sun which means of exchange fed the common man The Silver Moon drives and regulates Currencies of the tides, Time and the nature of things. Time passed and Man forsakes the Golden Orb and its silvery moon. No credit he gave to drivers of Tides, Time and the nature of things Fiat of imperial rule enforces debts, new tides in political Economy. FIAT dictates the new tides of Commerce. Ephors of debt above and astride the law. No silvery moon, complementary to the Golden Orb. There are no tides by means of which the common man may be fed. Hard food of Midas alone- Starvation. King Kanute Like those ephors wave bidding the advancing tide backwards Still, they advance tides in a tsunami of debt Tides of a Dollar moon by fiat Hegemonic Tides of the Dollar Moon.
“Talk about centralisation! The credit system, which has its focus in the so-called national banks and the big money-lenders and usurers surrounding them, constitutes enormous centralisation, and gives this class of parasites the fabulous power, not only to periodically despoil industrial capitalists, but also to interfere in actual production in a most dangerous manner— and this gang knows nothing about production and has nothing to do with it.” [1]
“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.”(2a)
“Money and Goods are different, most confusion in economic thinking arises from a failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”(2b)
“A “powerful apparatus”! The “powerful apparatus”= transferring from one state pocket into another such remarkable “real values” as Soviet rubles…. Current accounts expressed in gold rubles (and even that falsely, not at the real parity) 2.8–7.9–10.3 million rubles (on Dec. 16, Jan. 16, and Feb. 1). Ha-ha! And how are they made up? 90–98 per cent are revenues from our state trusts, i.e., the same official bits of paper from the same bureaucrats! At present the State Bank=a bureaucratic paper game. There is the truth for you, if you want to hear not the sweet communist-official lies (with which everyone feeds you as a high mandarin), but the truth.”(3)
“discussions — of ‘value,’ of fluctuating prices, of the gold standard, of changing interest rates, of items of pecuniary wealth which are at the same time items of debt — are merely discussions looking toward a readjustment of the factors which prevent them .The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and like any good technologist, scientist or metrologist will tell you a unit of measurement has to be clearly defined and fixed. The dollar. He notes that it is a variable. Why anyone should attempt, on this earth, to use a variable as a measuring rod is so utterly absurd that he dismisses any serious consideration of its use in his study of what should be done”.
“He also considers ‘price’ and ‘value’ and the fine-spun theories of philosophers and economists who have attempted to surround these terms with the semblance of meaning. These terms, like the monetary unit, may have had meaning to men in the past but they mean nothing whatsoever to the modern technologist. The standard of measurement is not relevant to the things measured; and the measuring rod and the things, measured as if they were stable, are all variables.” (4)
”The monetary and financial system of an economy are part of the socio-politico-economic control mechanism used by every state to connect the economy with the polity and society. This neural network provides the administrative means to collect taxes, direct investment, provide public goods, trade. The money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of commercial law and financial regulation are the basis for economic evaluation and the measurement of trust and fiduciary responsibility among the economic agents. A central feature of a control mechanism is that it is designed to influence process. Dynamics is its natural domain. Equilibrium is not the prime concern, the ability to control the direction of motion is what counts. 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 (5)
“Do not have two differing weights in your bag-one heavy, one light. Do not have two differing measures in your house-one large, one small. You must have accurate and honest weights and measures, so that you may live long in the land the LORD your God is giving you. For the LORD your God detests anyone who does these things, anyone who deals dishonestly” (Deut 25:13-16).
“Do not have two differing weights in your bag-one heavy, one light. Do not have two differing measures in your house-one large, one small. You must have accurate and honest weights and measures, so that you may live long in the land the LORD your God is giving you. For the LORD your God detests anyone who does these things, anyone who deals dishonestly ” (Deut 25:13-16).
Do not have two differing weights in your bag-one heavy, one light. Do not have two differing measures in your house-one large, one small. You must have accurate and honest weights and measures, so that you may live long in the land the LORD your God is giving you. For the LORD your God detests anyone who does these things, anyone who deals dishonestly (Deut 25:13-16).
This command was given in a context where coins were not available for trade. Payments for purchases and sales were made by weighing out gold or silver. A clever way to defraud people was to use scales that weighed light when making payments and a different set of scales that weighed heavy when getting paid.
The command applies to everyone who is selling goods or services. They must represent the stuff that they are selling. Selling flawed goods as if they are good quality is wrong, because “God detests anyone who deals dishonestly”. There should be no “rip-offs” among God’s people. They should be known as honest traders.
We are not entitled to take whatever price we can get, even if it is greater than we think that the goods are worth. Nor are we entitled to pay the lowest price possible, if less than we think the good is worth. We cannot buy goods from China and just ignore the fact that the people who made them were paid a pittance.
Two comments are common in business:
Let the buyer beware.
What the market will bear.
They have no place amongst God’s people.
This command has a broader application. It means that bank policies that inflate the currency are immoral. In biblical times, kings devalued their coins by mixing silver into gold coins and other cheaper metals into silver coins. The coin appears to have the same value, so people still use it, but the king has stolen some of their gold or silver. This is immoral. In modern times, currencies are deflated by central bank policy, but the consequences are the same. People holding the currency are robbed of some of their wealth. Inflation is always immoral, regardless of means used.
The person with the scales has the power. Most people dealing with them would have to trust their honesty, because they would not be able to afford their own scales. God gets really upset when people with power use it dishonestly.
Kings and central banks have power. God detests counterfeiting coins and he detests central bank money creation because they are the same economic transaction in a different form.
“Talk about centralisation! The credit system, which has its focus in the so-called national banks and the big money-lenders and usurers surrounding them, constitutes enormous centralisation, and gives this class of parasites the fabulous power, not only to periodically despoil industrial capitalists, but also to interfere in actual production in a most dangerous manner— and this gang knows nothing about production and has nothing to do with it.” [1]
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.”
It is remarkable that the discourse in the 2017 Election is still essentially illiterate on Financial matters and the axiomatic relationship of debt to money, two sides to an Accounting identity. Debt is an Asset to the bank, the more the Government or the Citizens are in debt the Richer the bank and the less debt then the lower the assets of the Bank and the poorer or more properly less liquid, they are, that is there is less money available for bank customers to exchange their goods or to pay interest on loans or taxes, in any event. Carol Quiggle stated it thus in Tragedy and Hope,
Money and Goods Are Different
”Thus, clearly, money and goods are not the same thing but are, on the contrary, exactly opposite things. Most confusion in economic thinking arises from a failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”
If Debt is not being created when the money supply goes down and when there is less money it is harder for people to settle accounts with each other for trade.´´
The answer is to make sure that sufficient money is circulating and available in the economy for productive exchanges to take place and so that the necessaries of life and some of the luxuries can be circulated amongst communities. There are no shortages of excellent websites now that have set out clearly how the current system works and its inherent weaknesses and vulnerabilities. The number of solutions relates to political choices and there is less agreement about those ideas.
The diagnosis of the present problems with the Banking system is what is important in this Election as where the problem is not properly diagnosed then the suggested remedies will be a shot in the dark.
The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and like any good technologist, scientist and metrologist will tell you a unit of measurement has to be clearly defined and fixed.
discussions — of ‘value,’ of fluctuating prices, of the gold standard, of changing interest rates, of items of pecuniary wealth which are at the same time items of debt — are merely discussions looking toward a readjustment of the factors which prevent them
The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and like any good technologist, scientist or metrologist will tell you a unit of measurement has to be clearly defined and fixed. The dollar. He notes that it is a variable. Why anyone should attempt, on this earth, to use a variable as a measuring rod is so utterly absurd that he dismisses any serious consideration of its use in his study of what should be done. He also considers ‘price’ and ‘value’ and the fine-spun theories of philosophers and economists who have attempted to surround these terms with the semblance of meaning. These terms, like the monetary unit, may have had meaning to men in the past but they
mean nothing whatsoever to the modern technologist. The standard of measurement is not relevant to the things measured; and the measuring rod and the things, measured as if they were stable, are all variables.
and Quiggley money and goods are different. Bears repeating!
Carol Quiggley stated it thus in Tragedy and Hope,
Money and Goods Are Different ”Thus, clearly, money and goods are not the same thing but are, on the contrary, exactly opposite things. Most confusion in economic thinking arises from a failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”
My own focus is actually looking at energy supply problems and what looks like a pretty shoddy effort to address future world energy demands. Screwing up the energy needs of the world economy will kill many more people than even a deliberately sketchy vaccine. If there is some sort of population control agenda i think the delivery mechanism will be through increasing energy poverty. Monitoring CO2 footprints is very close to rationing energy to bear survival levels, as the energy crunch seems to be playing out with most popular critical thinking pointed at the vaccines, my own instincts are suspecting that the vaccines are serving a usefull distraction from what amount to genocidal energy policy built around the global warming religion.
I have been doing a fair bit of research on the energy markets as I am convinced they are the best idicator of policy constraints for monetary and fiscal policy. Obviously that feeds back into the real estate market quite apart from the more well known dynamics.
I have been getting my head further around The Energy Market and how it effects the money supply
I think the priority variables are
1. Electricity Base Load production, Coal and Natural Gas, and LPG products?
2. Crude Oil Production and Refinery capacities, Volumes of production are more important than the price per barrel
3. Swing Production from Shale or Capped and ready to go existing discoveries, Very important to who has upper hand on Marginal pricing on swing production, Texas Rail Road, OPEC, US Shale production?
4. Gas Production and Coal production are probably equal with 3 or interchangeable with
5. Venezuelan and Iranian supply disruption through Sanctions is a political bottleneck to an otherwise trivial supply problem in the Oil Market.
6. Geo-Political and Green New Deal political economy choices vis Gas Pipe Lines are again self inflicted pwn goals? Why?
7. Money Velocity and Money Supply related to energy use growth are being severely impacted by levels of Consumer, Corporate and Sovereign debt.
— Real-Estate Land Development Limited (@RealEstateLand3) March 30, 2023
If we had something other than money and something other than the Neo-Liberal ( Classical Liberal ) Notion of the free Market perhaps money could be neutral but when one Knows the process of money creation intimately and has been exposed to some Hyman Minsky one wonders how the notion of money´ neutrality could remain in place. This is Steve Keen’s introduction lecture entitled The Alternative to Neo-Liberalism
If we continue to use money based metrics with usury being the price of money we will continue to falsely compare economic and socio-economic choices against a false metric. The Price of Natural electrical energies, for instance, is judged against notions of Internal rate of returns and Net Present Values which use interest rates as the basis of its discounting future monetary streams into present values. The Interest component for Public housing projects is something like 77%
”The capital share in garbage collection amounts to 12 % because here the share of capital costs is relatively low and the share of physical labour is particu- larly high. This changes in the provision of drinking water, where capital costs amount to 38 %, and even more so in social housing, where they add up to 77 %. On an aver- age we pay about 50% capital costs in the prices of our goods and services.” from http://userpage.fu-berlin.de/~roehrigw/kennedy/english/chap1.htm In this Video Margeret Kennedy and others talk about the influence of Helmuth Kreutz on their own work.
Democracy and devolution of power to communities, complementary currencies promoting localisation as Schumacher famously said Small is Beautiful. It really is the Interest (Usury), Compound interest and notions of exponential growth have decoupled people from the Balance and synergies of our Natural environment but also from the potential of modern production.
Again.
“Talk about centralisation! The credit system, which has its focus in the so-called national banks and the big money-lenders and usurers surrounding them, constitutes enormous centralisation, and gives this class of parasites the fabulous power, not only to periodically despoil industrial capitalists, but also to interfere in actual production in a most dangerous manner— and this gang knows nothing about production and has nothing to do with it.” [1]
“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.” ( 2a)
“Money and Goods are different, most confusion in economic thinking arises from a failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”(2b)
“A “powerful apparatus”! The “powerful apparatus”= transferring from one state pocket into another such remarkable “real values” as Soviet rubles…. Current accounts expressed in gold rubles (and even that falsely, not at the real parity) 2.8–7.9–10.3 million rubles (on Dec. 16, Jan. 16, and Feb. 1). Ha-ha! And how are they made up? 90–98 per cent are revenues from our state trusts, i.e., the same official bits of paper from the same bureaucrats! At present the State Bank=a bureaucratic paper game. There is the truth for you, if you want to hear not the sweet communist-official lies (with which everyone feeds you as a high mandarin), but the truth.”(3)
“discussions — of ‘value,’ of fluctuating prices, of the gold standard, of changing interest rates, of items of pecuniary wealth which are at the same time items of debt — are merely discussions looking toward a readjustment of the factors which prevent them .The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and like any good technologist, scientist or metrologist will tell you a unit of measurement has to be clearly defined and fixed. The dollar. He notes that it is a variable. Why anyone should attempt, on this earth, to use a variable as a measuring rod is so utterly absurd that he dismisses any serious consideration of its use in his study of what should be done”. (4)
“He also considers ‘price’ and ‘value’ and the fine-spun theories of philosophers and economists who have attempted to surround these terms with the semblance of meaning. These terms, like the monetary unit, may have had meaning to men in the past but they
mean nothing whatsoever to the modern technologist. The standard of measurement is not relevant to the things measured; and the measuring rod and the things, measured as if they were stable, are all variables.” (4)
”The monetary and financial system of an economy are part of the socio-politico-economic control mechanism used by every state to connect the economy with the polity and society. This neural network provides the administrative means to collect taxes, direct investment, provide public goods, trade. The money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of commercial law and financial regulation are the basis for economic evaluation and the measurement of trust and fiduciary responsibility among the economic agents. A central feature of a control mechanism is that it is designed to influence process. Dynamics is its natural domain. Equilibrium is not the prime concern, the ability to control the direction of motion is what counts. 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 (5)
“Do not have two differing weights in your bag-one heavy, one light. Do not have two differing measures in your house-one large, one small. You must have accurate and honest weights and measures, so that you may live long in the land the LORD your God is giving you. For the LORD your God detests anyone who does these things, anyone who deals dishonestly” (Deut 25:13-16).
In this age of geopolitical tension, it's worth revisiting this post from 2020. In it, I chart the rise and fall of American Empire, as it's written in energy use.
— Real-Estate Land Development Limited (@RealEstateLand3) March 30, 2023
We must now take precautions to prevent you from being embarrassed by something in which the ignorant majority is at fault for lack of proper consideration, and so from supposing with them, that man has not been created truly good simply because he is able to do evil. … If you reconsider this matter carefully and force your mind to apply a more acute understanding to it, it will be revealed to you that man’s status is better and higher for the very reason for which it is thought to be inferior: it is on this choice between two ways, on this freedom to choose either alternative, that the glory of the rational mind is based, it is in this that the whole honor of our nature consists, it is from this that its dignity is derived. Pelagius Pelagius (c. 390-418) was an Irish or British ascetic moralist, who became well known throughout the Roman Empire in Late Antiquity. He was declared a heretic by the Council of Carthage. His doctrine became known as Pelagianism.
Added 31 April.
I didn’t include the Section of The revolution betrayed by Trotsky, the Title of the chapter money, and plan.
It is thought that Orwell Based the fictional work, Goldsteins
with a planned THE STRUGGLE FOR PRODUCTIVITY Of LABOR 71
economy inflation is not to be feared. This means approximately that if you possess a compass there is no danger in a leaking ship. In reality, currency inflation, inevitably producing a credit inflation, entails a substitution of fictitious for real magnitudes, and corrodes the planned economy from within. It is needless to say that inflation meant a dreadful tax upon the toiling masses. As for the advantages to socialism achieved with its help, they are more than dubious. Industry, to be sure, continued its rapid growth, but the economic efficiency of the grandiose construction was estimated statistically and not economically. Taking command of the ruble-giving it, that is, various arbitrary purchasing powers in different strata of the population and sectors of the economy-the bureaucracy deprived itself of the necessary instrument for objectively measuring its own successes and failures. The absence of correct accounting, disguised on paper by means of combinations with the “conventional ruble”, led in reality to a decline of personal interest, to a low productivity, and to a still lower quality of goods. In the course of the first five-year plan, this evil assumed threatening proportions. In July 1931, Stalin came out with his famous “six conditions”, whose chief aim was to lower the production cost of industrial goods. These “conditions” (payment according to individual productivity of labor, production-cost accounting, etc.) contained nothing new. The “norms of bourgeois right” had been advanced at the dawn of the NEP, and developed at the 12th Congress of the party at the beginning of 1923. Stalin happened upon them only in 1931, under the influence of the declining efficiency of capital investments. During the following two years hardly an article appeared in the 72 THE REVOLUTION BETRAYED
Soviet press without references to the salvation power of these “conditions.” Meanwhile, with inflation continuing, the diseases caused by it were naturally not getting cured. Severe measures of repression against wreckers and sabotagers did as little to help things forward. The fact seems almost unbelievable now that in opening a struggle against “impersonality” and “equalization”which means anonymous “average” labor and similar “average” pay for all the bureaucracy was at the same time sending “to the devil” the NEP, which means the money evaluation of all goods, including labor power. Restoring “bourgeois norms” with one hand, they were destroying with the other the sole implement of any use under them. With the substitution of “closed distributors” for commerce, and with complete chaos in prices, all correspondence between individual labor and individual wages necessarily disappeared, and therewith disappeared the personal interestedness of the worker.
4 thoughts on “Do not have two differing weights in your bag-one heavy, one light. (Deut 25:13-16). POWER (ECONOMIC & GEOPOLITICAL) COMES OUT OF BARREL OF OIL. Tides of the Petrodollar moon.”
Losing Control of the Narrative.London Live, Owned by George Osbournes Boss. Own Goals and other Limitations of inbox Process driven Globalists. #BrendanCox #PeaJackets #5GKillGrid #CovidPurpose
April 15, 2018
Syria A Guide for the Perplexed. OPINION TURNING AGAINST MAY…WAIT TO SEE PARLIAMENTS REACTION TOMORROW
Mike and I discuss the present perplexing scene, A sort of Guide for the perplexed.
News feeds in the corporate media have become esoteric these days and consulting Maimonides is not such a bad idea.
https://longhairedmusings.wordpress.com/2018/04/15/syria-a-guide-for-the-perplexed-opinion-turning-against-may-wait-to-see-parliaments-reaction-tomorrow/
February 23, 2019
Syria A Guide for the Perplexed. OPINION TURNING AGAINST MAY…WAIT TO SEE PARLIAMENTS REACTION TOMORROW
https://longhairedmusings.wordpress.com/2019/02/23/syria-a-guide-for-the-perplexed-opinion-turning-against-may-wait-to-see-parliaments-reaction-tomorrow-2/
April 9, 2020
Losing Control of the Narrative.London Live, Owned by George Osbournes Boss. Own Goals and other Limitations of inbox Process driven Globalists. #BrendanCox #PeaJackets #5GKillGrid #CovidPurpose
https://longhairedmusings.wordpress.com/2020/04/09/losing-control-of-the-narrative-london-live-owned-by-george-osbournes-boss-own-goals-and-other-limitations-of-inbox-process-driven-globalists-brendancox-peajackets-5gkillgrid-covidpurpose-peas/