Money and what I make of it.Underlined, Full Stop!
Tomorrow to fresh pastures.
Dear Diary ( Blog, Substack, internal conversation, zeitgeist, universe, God.),
Where is anyones starting point apart from now this moment in time and space.
Looking at a beautiful view, looking at disaster and tragedy or a blank flickering screen. Now is always the beginning of what follows, always onwards, its known as the arrow of time.
The way ahead is though informed if we are lucky by some sort of strategy to navigate the obstacles or Lifes slings and Arrows of outrageous fortune.
Interpretations of those slings and arrows will vary wildly according to ones own life experiences, misfortunes or indeed fortunes.
It is a fact of modern life that what we call money looms large in the room available for manouvere through the slings and arrows impedeing our ideal route towards our own goals and dreams.
Money and what I make of it.
August 8, 2022
WHEN THE CRISIS HIT THE FAN,OR NOW THAT THE GUANO IS HITTING THE VENTAXIA AGAIN.
Yannis’s talk here Yanis Varoufakis On Ancient Greece And The Nature of Money is a good starting point, Carbon credits was the main absence from the discussion
Carbon Credits are the only part of the Climate Change Narratives that the monetary system players are interested in.
See Spash , The Brave New World of Carbon trading as your starter for ten,
February 23, 2019
Nafeez Ahmed #WrongKindofGreen #ConquestofDough
Only ‘collective intelligence’ can help us stave off an uninhabitable planet
Humanity needs new tools to overcome the global crisis of collective insanity
‘Between the Lines’ – Ariana Boussard-Reifel
This is the start of a further journey into Energy Economics, Greta Thunbergs Strike and the Climate rebellion has…longhairedmusings.wordpress.com
https://www.clivespash.org/wp-content/uploads/2015/04/2010_Spash_Brave_New_World_NPE.pdf
my own work on the Carbon Based currency end game ( Quasi Gold Standard ) is what the Central Banks are really working towards. 16:1.
If one observes the long game the dominant Narrative of the past 30 years is Climate Change and CO2 emission being the only thing anyone needs to focus upon. The Carbon footprint narrative is by a long chalk well ahead of the curve even with the relatively short but seemingly endless Pandemic and Vaccine Narratives of the Past two years. Naming names, Larry Fink of Blackrock and Blackrocks Going Direct is considerably more powerful a control lever on what happens next than the efforts of Bill Gates and Dr. Fauci to enrich Big Pharma and themselves, Gates also has a bigger card in the game and that is Digital ID and its relationship to both Near earth Satellite networks and the 5G networks, which coincidentally really were rolling out at the Same Time as the Wuhan Event, also in coincidentally Wuhan.
Yanis’s Talk to the student body of Stanford is also very important to the discussion and was completely left out.
Technofeudalism and Cloud Capital: A Conversation with Yanis Varoufakis
Finally this
MELISSA CUIMMEI – THE IRISH INQUIRY, EXPLAINS THE (“WHY?”) OF EVENT 201 ( Bit Chute , not available in the UK)
Hi Wes,
I think it is a question of semantics and the semantics of the statement
"VALUE is not a "thing", like electricity is the flow of electrons. Rather, value is an abstraction itself. Therefore, that device (#Quanta) which is used to express a quantity of value, must ITSELF be an abstraction" are what I was questioning.
Value as you say is not a thing, it is a conceptual (Convenient Posit. Quine, Two Dogmas)
´´ As an empiricist I continue to think of the conceptual scheme of science as a tool, ultimately, for predicting future experience in the light of past experience. Physical objects are conceptually imported into the situation as convenient intermediaries — not by definition in terms of experience, but simply as irreducible posits18b comparable, epistemologically, to the gods of Homer. Let me interject that for my part I do, qua lay physicist, believe in physical objects and not in Homer’s gods; and I consider it a scientific error to believe otherwise.´´
http://www.ditext.com/quine/quine.html
The process of endowing ideals with corporeal presence is described by Marx as Reification.
https://en.wikipedia.org/wiki/Reification_(Marxism)
"a quantity of value, must ITSELF be an abstraction" I think this is not so in relation to #Quanta as an SI unit. Oscar Wild famously defined a Cynic as someone who knew the price of everything and the Value of nothing.( In Lady Windermere's Fan, Oscar Wilde had Lord Darlington quip that a cynic was 'a man who knows the price of everything and the value of nothing.')
The Price of Everything and the Value of Nothing.
There is an old Saying, so goes the title of this blog, I have googled to find its origin. Here's a text from the context ( I haven’t googled it yet } First a word on Price and a word on Value.
Are Price and Value the same thing and if not which one is worth more, is worth a measure of Price or a measure of Value or is worth another name for a measure. How circular is this argument in the lexicon of What's in it for me?
Let's introduce another word, Market, the opposite of the word Market is actually Free Market. I found that surprising but as with Talebs Fragility analogy Anti Fragility so it is with Market the free Market is a sort of Anti Market a market where the artificial boundaries of the Market which suggests order are removed and the Anti Market is the one we all feel a Market Price level will be found.
Is there a difference between the Market Price and the Price of something? Is there an Anti Price, this is the trouble with Concepts or Constructs when you start off down this road.
1.
estimate the monetary worth of.
"his estate was valued at £45,000"
synonyms:
evaluate, assess, estimate, appraise, assay, rate, price,
noun
1.
the regard that something is held to deserve; the importance, worth, or usefulness of something.
"your support is of great value"
synonyms:
merit, worth, usefulness, use, utility, practicality, advantage, desirability, benefit, gain, profit, good, service, help, helpfulness, assistance, effectiveness, efficacy, avail, importance, significance, point, sense;
informal mileage
In modern economies, prices are generally expressed in units of some form of currency. (For commodities, they are expressed as currency per unit weight of the commodity, e.g. euros per kilogram or Rands per KG.) Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen.
“Price” sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called the transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.
Value can not have a quantity; it is a perception or notion, even a convention.
"What's the good of Mercator's North Poles and Equators,
Tropics, Zones, and Meridian Lines?"
So the Bellman would cry: and the crew would reply
"They are merely conventional signs!
https://www.poetryfoundation.org/poems/43909/the-hunting-of-the-snark
Convention Lewis.
https://www.princeton.edu/~harman/Courses/PHI534-2012-13/Nov26/lewis-convention1.pdf
(10) A medium of exchange--say, coin of the.realm--has its special
status by a convention among tradesmen to take it without question
in return for goods and services. Some conventional media are better
than others: bulky or perishable ones are bad; ones that would retain
some use if the convention collapsed are good--but the inconvenience
of accepting a bad medium of exchange is less than the inconvenience
of refusing it when others take it, or of taking What one can neither
use nor spend. Again, as in (4), there is the complication of legal
sanctions, Refusal to accept legal tender makes a debt legally unenforceable. But again, such sanctions are superfluous if they agree with
convention, are outweighed if they go against it, are not decisive either
way, and therefore do not make our regularity any less conventional.
I suppose we may safely define a medium of exchange as any good
SAMPLE CONVENTIONS I 49
that is conventionally accepted in some population in return for goods
and services. This definition raises an annoying question: is it right
to say that we have a convention to accept our media of exchange
in return for goods and services? It is false to say that our convention
is that we accept our media of exchange in return for goods and
services. For what follows "that" does not state any convention
because it is true, by definition, of any population. On the other hand,
it is true to say of our media of exchange that our convention is that
We accept them in return for goods and services. My question was
ambiguous. It can be read opaquely or transparently.6 It is like the
question whether Hegel knew that the number of planets is greater
than seven. He did not know that the number of planets is greater
than seven. But he did know, of the number of planets--namely
nine--that it is greater than seven
Pricing of Opportunity Cost?
If Value is not a thing then a quantity of a not thing is still not a thing
"a quantity of value, must ITSELF be an abstraction"
Quanta as a unit of Account is in fact grounded in a measure as follows, The Quanta and a Quanta is defined as the energy used to burn 100 light bulbs for 1 hour. This is not a Value or something open to interpretation , gradable or questionable it is a measure by which other things can be weighed, appraised, assayed etc.
Leitaers Terra,
https://www.scribd.com/document/31636027/The-Terra-TRC-White-Paper-2004#fullscreen&from_embed
Robust International Standard of Value
The Terra would provide a robust international standard of value, something that has been missing for decades. Since it is fully backed by a physical inventory of not one, but a dozen or so of the world’s most important commodities, including gold, the Terra would be a very robust and credible payment unit that offsets volatility and currency risks.This robust standard of value benefits commerce as follows:
•
Lowers costs by reducing the need for expensive hedging countermeasures;
•
Enables greater opportunities (including investments in developing countries) by providing stable alternative mechanisms by which to conduct commerce;
•
Offers a dependable, cost-effective reference mechanism for global trade
It IS INTERESTING THAT Lietaer DEIGNED THE ecu.
https://archive.org/details/IA.TheABCOfEconomics.410240/page/n93
http://www.tfmetalsreport.com/forum/debunking-money-series-damon-vrabel-6-part-series/498
I made this reading list for Prof. Richard Murphys Blog, before he banned me for arguing against his position on the Positive Money proposals which he was misrepresenting even though there is a direct dialogue between him and Ben Dyson the founder of Positive money extant on the web in several places.
Tomlinson’s Honest Money
https://www.amazon.com/Honest-Money-Challenge-John-Tomlinson/dp/1898271380
and future money by James Robertson
http://www.jamesrobertson.com/futuremoney.htm
http://bibocurrency.com/index.php/downloads-2/14-english-root/101-book-page
Gauvin The Money Psyop and Bibo
Bernard Leitaer The future of money bernard Leitaer pdf download
https://library.uniteddiversity.coop/Money_and_Economics/The_Future_of_Money-Bernard_Lietaer.pdf
Helmuth Kreutz the Money Syndrome.
http://www.themoneysyndrome.org/index.php/links/
I find Wrays writing much easier to digest than Mitchells this Paper he did for the Levy Institute is excellent.
http://www.levyinstitute.org/pubs/wp_717.pdf
full list for wray on Levy Institute web site
http://www.levyinstitute.org/publications/l-randall-wray
Zarlenga ( Lost Science of Money )
https://archive.org/details/StephenZarlengaTheLostScienceOfMoneyScan44Mb/mode/2up
Ellen Brown
Alexander Del Mar
https://archive.org/stream/AlexanderDelMar/AlexanderDelMar-TheScienceOfMoney1896#page/n7/mode/2up
This is an excellent video Series from Mike Maloney
Cullen Roache for a critique of MMT
What I have found in the ten-plus years I have been studying this seriously is that the questions have become sharper I started really with Tomlinson and the Michael Journal
https://www.michaeljournal.org/
There are some great documentary films as well I have embedded many of them on this web page.
http://theconquestofdough.weebly.com/some-documentary-films.html
May 8 2018 at 2:05 pm
https://www.patreon.com/posts/mosler-keen-4pm-18467116
Neil Wilson is for me the best Blogger on MMT his analysis and critical thought is peerless in the field.
https://web.archive.org/web/20180215150511/https://medium.com/@aldursys
https://medium.com/@aldursys
https://web.archive.org/web/20180215150511/https://medium.com/@aldursys
#ConquestofDough
Cullen Roache’s website is an excellent critique of MMT, a critique is a subtle analysis of questions arising from a body of knowledge, information, or a book. It is not a counterproof or proof against the claims made necessarily but always helps in sharpening questions and defining boundary conditions
This is a massive subject John no one school of thought has all of the answers for all of the use cases, defining the Unit of account in itself is what DelMar is getting at in chapter 2 of the linked book.
The last word for Alexander Delmar.
”
VALUE IS A NUMERICAL RELATION.
Legał use of the words “ unit of value ”—Their importance—They are not defined in the law—Unit a synonym for measure—Evolution of the word “ value ”—Its classical meaning related to the power of numbers— During the Dark Ages it became associated with labour—In the Renaissance it acquired the meaning of an attribute of matter— Fallacy of this last view—The correct naturę of value rediscovered by Montesquieu and Bastiat—Yalue shown to be a numerical ratio between all exchanged things—Yalue measurable by the whole numbers of money —The existing mint laws practically make the whole numbers of money (or the unit or measure of value) to consist of an indefinite sum, whose only limits fluctuate between illimitable demand and uncertain supply.
The laws of certain States ordain that either one of several different coins weighing so many grains, or of pieces of paper of such a size, each called a pound, a dollar or franc, shall be “ the unit of value Important as they are, neither of these words, “ unit,” or “ value,” is defined in the law. Reasoning from its use in analogous cases, “ unit ” is a synonym for measure; but the meaning of “ value ” is not to be determined by analogy, for there is no analogous use of it in the statutes.
When it is remembered that the ablest logicians of all countries, from Aristotle to Mili, have vainly endeavoured to give it form, it will begin to be seen how complex and obscure the naturę of value must be, and therefore in what great uncertainty the statutes have involved all commercial relations, by using, without defining, this intricate term.”
Value in modern monetary Accounting.
0:59
“well that stuff’s worth something only
on the point passes from me to you”
Going direct Paradigm Mind Map
An Integral View on Money and Financial Crashes By Bernard Lietaer October 2005
There are many ways to approach as complex a topic as money or a financial crash. An integral view would require it to be approached from both the inner and the outer viewpoints. Such inner and outer dimensions of reality are synthetically summarized in Ken Wilber’s classical four quadrant analysis.1 All fields of knowledge are classified by distinguishing between the Interior (the domains where the aim is the interpretation of meaning) vs. the Exterior dimensions (where the purpose is description of behavior). This approach is completed by distinguishing between the Individual vs. the Collective aspects (see Figure 1).
February 19, 2019
‘Between the Lines’ – Ariana Boussard-Reifel
This is the start of a further journey into Energy Economics, Greta Thunbergs Strike and the Climate rebellion has opened up a Pandora’s box which offers the opportunity to climb aboard of the Shoulders of Past Dissenters who did not quail and did not remain quiet in the face of Censorship and false narratives.
ON CLIMATE HERESIES, WITCHHUNTS AND CIVIL DISCOURSE.
“A FIRE, A FIRE IS BURNING! I HEAR THE BOOT OF LUCIFER, I SEE HIS FILTHY FACE! AND IT IS MY FACE, AND YOURS, DANFORTH! FOR THEM THAT QUAIL TO BRING MEN OUT OF IGNORANCE, AS I HAVE QUAILED, AND AS YOU QUAIL NOW WHEN YOU KNOW IN ALL YOUR BLACK HEARTS THAT THIS BE FRAUD – GOD DAMNS OUR KIND ESPECIALLY, AND WE WILL BURN, WE WILL BURN TOGETHER!”
― ARTHUR MILLER, THE CRUCIBLE
September 27, 2019
A Thin Line Between Love and Hate.On Bail Outs Brexit and Exorbitant Privilege. Eschatology, when the shit hits the fan?
rogerglewison September 27, 2019 at 7:53 am
Your comment is awaiting moderation.
The main points, in my mind:
*Population is critical and must decline to about one billion by the end of the century
Don, you are suggesting that some sort of genocide is required. I think you are A little overexcited and should consider other sides to this question.
The quality of debate on this forum has declined markedly as the in-group has asserted itself, You have made ad hominem attacks on me for making alternative and perfectly reasoned arguments based upon data from um impeachable sources.
The World does not have a resource problem it has a distribution management problem. The source of the problem is the Financialised nature of the highly centralised monetary system.
The Problems are not related to “Fossil Fuels” and any of their by-products per se, all of those questions are manageable, Think Un – Leaded Petrol:
Access to Resources is endorsed by the monetary hegemony of the PetroDollar, “It’s our currency but your problem”, John Connally. Shenanigans in Syria, Ukraine, Mynamar, Iran presently and previously in Libya, Iraq, Egypt, Turkey.
are all part of this Access to and not supply of petrochemical feedstocks.
What Seeds analysis provides is a metric for distribution decisions and investment planning it does not portend to some sort of Doomsday eschatological green messiah prophecy replete with plagues of Locusts and Deluges.
The human Family has all the tools it needs what it lacks is the cooperative models of Bi-Lateral Government diplomacy to facilitate the efficient un coerced operation of trade and exchange. Hegemonic geopolitical intrigue is the problem we face and not resource restraints or indeed basic failings in human nature.
Essentially it boils down the question of World view and the balance of Love or Hate. Mars or Venus, Good and Evil. Free will or Determinism.
Love Roger.
Exorbitant Privilege: “The Dollar Is Our Currency But Your Problem”
by Tyler Durden
Sat, 09/05/2015 – 10:00
http://letthemconfectsweeterlies.blogspot.se/2017/08/renewableseroi-why-money-doesnt-cut-it.html
Introduction to Technocracy – 1933
https://archive.org/details/introductiontotec00tech
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 as 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.
This comparison of different energy solution uses ERIO
https://festkoerper-kernphysik.de/Weissbach_EROI_preprint.pdf
Abstract
The Energy Returned on Invested, EROI, has been evaluated for typical power plants representing wind
energy, photovoltaics, solar thermal, hydro, natural gas, biogas, coal and nuclear power. The strict exergy
concept with no ”primary energy weighting”, updated material databases, and updated technical procedures
make it possible to directly compare the overall efficiency of those power plants on a uniform mathematical
and physical basis. Pump storage systems, needed for solar and wind energy, have been included in the
EROI so that the efficiency can be compared with an ”unbuffered” scenario. The results show that nuclear,
hydro, coal, and natural gas power systems (in this order) are one order of magnitude more effective than
photovoltaics and wind power.
http://letthemconfectsweeterlies.blogspot.se/2017/09/money-does-not-initiate-economic.html
Click the Link Below and please read this book, written by a Physicist, Engineer and sadly now departed all round good egg Prof. Sir David MacKay. https://en.wikipedia.org/wiki/David_J._C._MacKay
Sustainable Energy – without the hot air
by David MacKay
So I can get back to my own number crunching I have made my blogging task easier by leaving what I find pertinent links to the question at the Surplus Energy Economics Blog of Dr Tim Morgan, ( Sorry Tim) Here are the two Blogs and Attachments concerned:
https://surplusenergyeconomics.wordpress.com/2018/03/06/121-interpreting-the-post-growth-economy/
rogerglewis on March 6, 2018 at 5:27 pm
That is a very useful summary and introduction to Surplus Energy Economics Tim.
There is an online book here,
http://www.withouthotair.com/Contents.htmlBy the late Prof David MacKay
He talks about the book here at Harvard,
The Book is an easy read and the examples are very intuitive as they break back to the idea of how many 40 watt light bulbs different energy solutions break down as in per capita energy resources.
http://www.withouthotair.com/cL/page_370.shtml
There are some very good Sites which have well-embedded energy databases particularly in the Construction industry which uses 48% of global energy annually building and running domestic and commercial property.
http://symposium.arch.tamu.edu/2017/ Project Summary: Buildings consume approximately 48% of global energy each year in their construction and operation alone adding proportionally to global carbon emission.
The problems in Political Economy as it stands presently and the question of future Political Economy based upon future Energy realities are I think helpfully separated which is something Prof. David MacKay is very successful with, in his presentation of the question.
The Problems are only weakly related with respect to future solutions and breaking the process into 3 parts is useful rather than lumping them all together. It is clear that the existing Form of Market economy and political economy is not able to solve the problem at stage 3 ( I.E Post 2050 post-Oil Economy)
Stage 1 requires a reform of the existing paradigm which involves facing up to the broken debt-based money system. Pension provision, the sovereign debt crisis and Public debt crisis are all addressable and will see improvements even within the deteriorating Cost of energy inputs as a share of output. We could call this stage lets fix what we know is not working.
Stage 2 covers the Post Financialised ( Big Bang Experiment) period to the oil running out in 2050.
This requires a much more long-term investment horizon and complicating the energy mix by overstating the ”Climate Change question** seems to be counterproductive, again I like the way Prof David Mackay dealt with the question including stating the necessities of **Clean Coal and Nuclear”. In this stage, we will be implementing ideas previously barred due to the denial inherent in clinging to a failing system.Stage 3 Post 2050, This part is much easier than Stage 2 and stage 1, in my opinion, the myth-busting and levelling out inherent in solving the political problems at stage 1 and the challenge to vested interests in stage 2 are by far and away the largest obstacles to getting down to Brass tacks in my opinion.
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.”
Benjamin franklin(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.” 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.”Technocracy Pamphlet 1933 (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)“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”
The Old testament(Deut 25:13-16).
The Magic Money Tree and Private Banks , misunderstood and kind to small children and animals?or Just another Fix of Crony Capitalists
August 1, 2016
Tides of the Dollar Moon (A Poem)
Tides of the Dollar 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. Roger G Lewis (2016)
It Don’t mean a thing if it ain’t got that Swing . Tides of the Petrodollar Moon.
rogerglewis December 12, 2021 12 Comments
Posts
…OPOLITICAL) COMES OUT OF BARREL OF OIL. Tides of the Petrodollar moon.
…OPOLITICAL) COMES OUT OF BARREL OF OIL. Tides of the Petrodollar moon.
…OPOLITICAL) COMES OUT OF BARREL OF OIL. Tides of the Petrodollar moon.
Marx , Franklin,Quiggley, Lenin, Technocracy (1933), Shubick, Aristotle and the Word of God.
Peak Bullshit. Shits fucked up and bullshit. “Don’t Look Up” (Irony)
…n drives and regulates currents, of the tides, time and the nature of things.
This post is again a place-holder whilst I reflect on the current push towards a Quasi Gold standard around the carbon currency end game and the going direct paradigm.
Artifical Scarcity of the monetary unit is substituted by a mythology of artificial scarcity of Energy and Resources. The Monetary unit is arbitrary in the Fiat Money system even one predicated on Gold or indeed carbon , unless that is that a fixed measure of the unit of account is established to measure a real energy value rather than an arbitrary manipulated “Market Price”
Thats what this post is for when I read the paper making up the main part of this post in 2017 it offered a window on the real wealth transfers taking place with a Lens of Energy value proxys for international trade.
233,119 views 2 Jun 2017
Shoe shiner and future President of the USA Donald Trump meets the one and only J.R Ewing.
Assasination attempts and a second Bite at the Cherry, Who’s side is President Trump batting for. Is it the people, is it big oil , is the Central Banks or is it the Mega International “Global Banks”
Money does not initiate Economic activity, in all cases, it is an intermediary token or rain check
“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”.
“None of the manuals on Economics puts a question of how a state gets wealthy; they focus on the art of getting rich within a single corporation, a single bank, or give a piece of advice to individual wealth. Nevertheless, in real life, the corporate effect proves to be achieved at the expense of some damage done to the state and society. The Russian economy has been purposely demonetized to hit one of the bottom positions in the world rating. This ‘blood’ loss was behind the collapse of all the parts of the industrial sector, and the intentionally created ruble vacuum was designed to be filled with US dollars and other monetary substitutes. There is no need at all to talk about the banking sector�? ‘development’ if we are aiming at the establishment of the financial atmosphere that would facilitate real production. Banking could ‘develop’ for the account of finance pumped out of the industry by means of the interest rate. We need to restore the functionally appropriate relation of ‘money supply to GDP’ by a ‘one-shot blood transfusion’ Etimov. prof.
#Money