The sectoral Balances approach to aggregate demand is a tautological accounting identity Explication of the Magic Money tree is my simple aim. I have written Longer poems on political economy and about energy based calibrations of the unit of account and value Usury hells Fuel Mans oppressor, Tides of the Dollar Moon and Bourgoise resolution and Globalisation unentangled all explore these areas. I have also written a Novel #ConquestofDough
Money Credit and Debt in quotes from some well known names.
“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.” Marx[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.”
“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.” Carol Quiggley(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.” Lenin (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.”
”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)
“The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For 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. Wherefore of all modes of getting wealth this is the most unnatural.” Aristotle(6)
“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”
“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. (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.
“Money does not initiate Economic activity, in all cases, it is an intermediary token or rain check which has profound effects on social relations and commerce between individuals and nations, but money is a mere Idea and can be anything we imagine it to be”.
![[COPY] 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.](https://substackcdn.com/image/youtube/w_728,c_limit/boNIL1owRAI)
