“QUOD ERAT DEMONSTRANDUM”, DOUBLING BACK TO MAKE SENSE OF THE DOUBLING DOWN, DOUBLE SPEAK AND DOUBLE PLUS GOOD, BEWARE THOUGHT CRIME AHEAD!
Sixteen to One , 16:1. Gold Silver Ratio , Good Carbon and Bad Carbon
This famous cartoon shows The Golden Tail ( Store of Value) wagging the Silver ( Means of Exchange Dog ) it is from 1896
THE PAMPHLET ARGUED THAT “THOSE WHO DO NOT HAVE TO WORK HARD WITH THEIR LIMBS, AND THOSE WHO ARE INCLINED TO SIT ABOUT” WILL “STORE UP THEIR PROTEIN FOR PASSION”, MAKING RETIREMENT, FOR EXAMPLE, A PERIOD OF INCREASED PASSION AND MARITAL DISCORD.[14] IT ENDED BY WARNING: “BEWARE OF THE FUN OF INDECENT SUGGESTIONS; OF THE AMUSEMENT FROM THE TITILLATING SCANDAL OF PRIVATE LIVES; OF THE DIVERSION OF THE UNDRESS OF LOW JOURNALISM ETCETERA. THESE THINGS ERODE OUR MORALS AND TWIST YOUNG MINDS.”[15] IN ADDITION TO THE PAMPHLET, GREEN LEFT SEVERAL UNPUBLISHED MANUSCRIPTS, INCLUDING A NOVEL, BEHIND THE VEIL: MORE THAN JUST A TALE; A 67-PAGE TEXT, PASSION AND PROTEIN; AND A 392-PAGE EDITION OF EIGHT PASSION PROTEINS, WHICH, CARTER WRITES, WAS REJECTED BY OXFORD UNIVERSITY PRESS IN 1971.[4]
“NEXT PLUNG’D A FEEBLE, BUT A DESP’RATE PACK,
WITH EACH A SICKLY BROTHER AT HIS BACK:
SONS OF A DAY! JUST BUOYANT ON THE FLOOD,
THEN NUMBER’D WITH THE PUPPIES IN THE MUD.
ASK YE THEIR NAMES? I COULD AS SOON DISCLOSE
THE NAMES OF THESE BLIND PUPPIES AS OF THOSE.”(B 305–310)
Pope The Dunciad.
https://longhairedmusings.wordpress.com/2018/05/24/the-oligarchical-temper-theophrastus/
Doubling Back I often find somewhat more productive than doubling down.
Doubling Down is a form of denial and Doubling Back is a retracing of steps to find where one took a misstep.
I Reblogged this Article John at the time you wrote it and it was included as a link in another post I did yesterday which double-backed and referred to previous Posts from Dr. Tim Morgan.
Whilst the end of the World is not night, the end of the current monetary arrangements are nigh
This is the Dawning of the new Grub Street Aquarius
END OF OWNERSHIP, CIRCULAR ECONOMY PROOF OF BRAIN AND PRIMARY, INTERMEDIARY AND CONSUMPTION ENERGY TOKENS. A FRAMEWORK EVOLVES.
If one just accepts that there is nothing to redeem the existing Finance System getting on with rebasing money to
Either Joules or KWH equivalents in the three categories of Primary Intermediary and ConsumptionAnd noting the Hoarding aspects of energy in long-term capital assets and applying something akin to the single land tax on them, we really can get somewhere near to a sustainable Birth Right economy. Where it gets very interesting is in the Information economy where shared knowledge doubles the knowledge it does not half it. Richard Stallman (GNU) often makes that very point.
To satisfy the need for Status in the Social Animal humankind ( see Pigou Dalton Principle for a Theoretical framework for Taxation boundary conditions. ) Anyhow it is in the space of non-monetised social interactions where the second sort of discretionary token can be created on a blockchain providing the necessary ornament and display trinkets that determine the mating game? I will not elaborate here but Forres / Lagom the community system I have been working on has the idea that it is Mineable or winnable or giftable, The Distributed computing platform Steemit has something called proof of Brain which is a species of the sort of online social success measure which can easily be monetised to provide a competitive element to the Production of both the Birth Right token and the Discretionary speculative mating game side of the sustainable circular economy.
https://twitter.com/PMotels/status/1150990539162116098
https://t.co/wTkFFDrwOv #Eleven10t0thetwoOne for the skeptics’ Nothing to fear but fear itself the economy as an energy transformation machine. #Nafta #RossPerot #WrongkindofGreen #EnergyEconomic #8thwaytothink #ConquestofDough #ObjectiveKhunts #GrubStreetJournal #OIP #Alexanadria pic.twitter.com/0yKap9EJXj— RogerGLewis (@PMotels) July 16, 2019 https://platform.twitter.com/widgets.js
WE SHOULD BE CAREFULLY LOOKING AT WHERE WE ARE INVESTING OUR MONEY. (1)
(1)ED. THIS IS THE KEY MISUNDERSTANDING, THE WHOLE BASIS OF THIS ANALYSIS SHOULD LOOK AT NET ENERGY SURPLUS OVER COST OF ENERGY EXTRACTION, THEN IN A REAL SENSE THE SENTANCE , “WE SHOULD BE CAREFULLY LOOKING AT WHERE WE ARE INVESTING OUR ENERGY ( QUA, ENERGY )”, WOULD HAVE AN ENERGY-BASED MONETARY UNIT TAKING THE PLACE OF THE DEBT-BASED MONETARY UNIT AS A REFERENT, THE DEBT-BASED MONETARY UNIT AS A REFERENT RENDERS THE STATEMENT MEANINGLESS A PER PRO-ENERGY CAPITAL ALLOCATION DECISIONS.
123
POSSIBILIST PERSPECTIVE ON POST GROWTH, SUSTAINABLE MONEY AND SUSTAINABLE ENERGY. WHO’S REALITY.
rogerglewis Uncategorized February 26, 2018 3 Minutes
https://surplusenergyeconomics.wordpress.com/2018/02/23/120-the-need-for-new-ideas/
Hello Tim,
I have not commented for a while, I almost did on a recent blog in which you said that Electric Cars were no panacea, which of course they are not.
I know that that blog and this are looking for discussion and in this spirit offer this VPRO documentary which is in Dutch, subtitles are available in English.
http://letthemconfectsweeterlies.blogspot.se/2018/02/the-distributed-web-energy-based.html
https://longhairedmusings.wordpress.com/?s=Distributed+Web
I came across another interesting proposal for money creation the other day.
https://medium.com/@stephenstillwell/why-should-we-not-include-each-in-money-creation-b581c7dedeef
These questions of Circular Economy, Materials Passports, re-defining prosperity, Status questions, Distributive and re-distributive political economy all feedback into a question of *Whoś Reality’ are we seeking to cater for in our political Economy.
That is a fundamental question Who’s Reality?
Your perspective is grounded in abstracting reality to a balance sheet view albeit a balance sheet based on SEEDS energy metrics. My own perspectives are drawn from technological perspectives and these Cornucopian views of Cornucopian possibilities derived from circular manufacturing concepts lead me to be optimistic as a possibilist technologically speaking. The obstacles are and will remain political and geopolitical and here the Pigou Dalton principle regarding status and managing expectations becomes paramount.
https://en.wikipedia.org/wiki/Pigou%E2%80%93Dalton_principle
I would be very interested to hear what you think of Thomas Rau’s ideas I find them compelling.
Best Wishes and A belated happy new year.
https://medium.com/@stephenstillwell/why-should-we-not-include-each-in-money-creation-b581c7dedeef
Why should we not include each in money creation?
All sovereign debt shall be financed with Shares of global fiat credit, that may be claimed by each adult human on the planet, held in trust with local deposit banks, administered by local fiduciaries and actuaries exclusively for secure sovereign investment at a fixed and sustainable rate, as part of an actual social contract
This is a great idea, getting the conversation started is quite a problem even with those with a long history of supporting Universal Basic Income. Stating a proposal this boldly is an excellent initiative as it invites people to sign up unless they have a sound objection. I see no objection and would happily sign up to this to get the show on the road.
Here is a Dialogue I had with Clive Lord Joint founder of the UK Green Party, I wish Clive could see the money creation question as clearly as you state it here Stephen.
http://letthemconfectsweeterlies.blogspot.se/2016/08/neo-liberalism-billy-no-mates-or-just.html
Go to the profile of Clive Lord
Clive Lord
Feb 25
‘Fiat’ money MUST be tied to eco-considerations, so must entail redistribution, and with a Basic Income taxes can reflect what is, or is not sustainable.
Go to the profile of Roger Glyndwr Lewis
Roger Glyndwr Lewis
Feb 26
Hello Clive,
I am really happy you have joined this discussion I think that Stephens’s distillation of the problem to his simple rule provides a very good starting point to understanding what money is and what it can be.
The problem of Re-distribution instead of Distribution is one of the politics of Status. The Pigou Dalton principle nailed this very well in the 1920’s https://en.wikipedia.org/wiki/Pigou%E2%80%93Dalton_principle
Regarding sustainability, I think that Energy-based metrics for money values is essential this is nothing to do with redistribution and everything to do with being cognisant of what stuff there is and where that stuff is. Dr. Tim Morgan has done some excellent work on the question recently on his Blog.
http://letthemconfectsweeterlies.blogspot.se/2017/09/money-does-not-initiate-economic.html
http://letthemconfectsweeterlies.blogspot.se/2017/09/energy-economics-miixing-debt-apples.html
Tim Morgan in the last blöog of his I read a few weeks ago appeared to be getting frustrated and drawn into frustration and doubt as to the extent to which new energy technologies can really sustain the Human Family Hans Rausing used to call himself a possibilist and I think that’s a great positive view to have regarding Stephens simple rule I think we can all speak to our inner possibilist and see that he is on to something here.
WHAT TO LOOK FOR IN A DISTRIBUTED VALUE AND VOTING SYSTEM. WHERE IS THE EMBEDDED POWER? IS IT TRULY DISTRIBUTED, DEMOCRATIC AND CONSENSUS-BASED?
The answer depends on what the ultimate aim is for the questioner.
The issues are, Centralisation versus decentralisation Issues revolve then around the production of money and distribution of money In the Crypto world, the euphemism for centrally created is Pre Mined, of course, it is not pre-mined at all in the case of Stellar, Cardano, Ripple and of Course Tether. The next layer of the money creation question then comes to Real Pre mining which is to do with allowing an exclusive group usually the development community to mine for a period at the genesis block to a further period which effectively reserves a big chunk of the first money created to rest in the hands of a powerful group, this question is often discussed in initial coin offerings. The most famous pre miner is, of course, Satoshi ( him/Her self ) The Genesis blocks and the keys to the first bitcoin blocks are in the hands of the mysterious Satoshi and amount to 10% of all bitcoin in existence the video I sent yesterday of Heart and Verr discussing Bitcoin and Bitcoin cash has a large section when this is discussed other videos I sent have included discussions of the Monero Crippled Miner and also the Genesis mining of Dash and Ethans fast one regarding who got the lions share and hence control of a supposedly distributed and decentralised value system. Ethereum tackled all of these questions and was and is very transparent there is still a high concentration of power as represented by concentration of token control at the top but not as bad as say Ripple and Tether- The next question you get is, is it open source and how truly open-source and accessible is the decision-making process ? this is the much-vaunted Consensus algorithm stuff. The Byzantine General and all of that, At this point you get to the Hard Forks soft forks and Discussion regarding Bitcoin Gold/Cash/core etc. Craig Wright (I Think he is Satoshi or Half of Satoshi who I believe were he and his US friend who died of cancer a few years back now ( details are important) I.e Satoshi never was just one person the initial effort was a group effort including Nick Szabo and some other notable Cypher Punks, you also have to factor in people like Julian Assange and WikiLeaks which is all part of the same movement that Bitcoin emerged out of. So that takes us back to who are the good guys and bad guys the answer to which is you pays your money and makes your choice or in my case you Build your miner and choose your Currency/pool. I mine EThereum but will in due course be mining ETHER ( for as long as I can I:E Proof of Stake) Ethereum Classic, the debate between Ethereum and Ethereum Classic, dates back to the DAO hard Fork and the DAO Hack. This is the bit about Rolling back the BlockChain. Heart is against it in the Heart Verr interview, I think he’s wrong to be absolutist about it, I agree with Ethereum Classic in many ways but think they were wrong to say that the Dao Hacker should have been let off the hook. I Like Ethereum, Dash, Monero Bitcoin Gold/ Ethereum Classic Bitcoin Bitcoin Cash SIA Coin IBIQ and BISQ as an exchange Finally, I like Gold and Silver and Lanthanides ( rare earth Metals ) Lietears Terra made into a Crypto would be the ultimate good Guy the work I did a year or two back on currencies in this space tackles all these questions http://www.lietaer.com/2010/01/terra/
ENERGY RETURNED ON ENERGY INVESTED, SURPLUS ENERGY ECONOMICS DATA BASE ( SEEDS) EMBODIED ENERGY CIRCULAR ECONOMY.
rogerglewis Uncategorized March 10, 2018 28 Minutes
” A question was put to the former chief of the Executive Board of the Deutsche Bank, Hilmar Kopper in an interview in a TV network in the spring of 1991: “What is it that gives money its actual value?” One might have expected Kopper to refer to the performance of the political economy that provides the cover for our money. But the reply of the banker was short and to the point: “The time factor means that it (money) increases through interest”, and to the inquiry of the astounded interviewer: “Money without time is then nothing?”, he confirmed the same in more detail: “Money without time means nothing, of course, it can be spent right away. But that does not multiply money, money is then turned into something else.” This definition of a former banking expert is significant. According to him, our money is not primarily for the purpose of mediating an exchange of goods and services in the economic system, but more for self-propagation!”
Interest as a Means of Redistribution / 8 Excerpt from Helmut Creutz The Money Syndrome Towards a Market Economy Free from Crises
https://realcurrencies.files.wordpress.com/2012/01/monsyndrome_ch-7-18-21-22-1.pdf
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This famous cartoon shows The Golden Tail ( Store of Value) wagging the Silver ( Means of Exchange Dog ) it is from 1896 at the time of the famous William Jennings Bryant Cross of Gold Speech. One point which cannot go unconsidered is the point that Atom bank make but don’t back up as far as I can gather, and that is that Blockchain technology gives parties who wish to contract to exchange the opportunity to bypass banking intermediation or any other intermediation, effectively every transaction potentially has its own private bank as a special purpose vehicle. If this negates traditional bank intermediation services and Bankings monopoly to Originate money through credit, is also gone. Are we looking at the famous African Blue Bank, is it deceased, has it ceased to be and gone to meet its maker?
THE DISTRIBUTED WEB, ENERGY BASED ECONOMICS , TRUSTLESS VALUE TRANSFER SYSTEMS.
rogerglewis Uncategorized February 10, 2018 2 Minutes
Periodically, usually every 12-18 months I find that my reading and research loop back to a common point, All roads lead back to a central direction or a common vector. This past 3 months I have been immersed in the Hardware side of computing looking at and implementing my own Mining operation for Crypto Currencies
QED
16:1
THE SIX WAYS ON SUNDAY, CARBON CURRENCY END GAME 16 TO 1 ON, WHAT ARE THE ODDS OF THAT?. R &R DISCUS
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 Blackstone and Blackstones Going Direct is considerably more powerful a control lever on what happens next than the efforts of Bill Gates and Dr. Fauci to enrich Big Pharma and themselves, Gates also has a bigger card in the game and that is Digital ID and its relationship to both Near earth Satellite networks and the 5G networks, which coincidentally really were rolling out at the Same Time as the Wuhan Event, also in coincidentally Wuhan.
The Vaccines and Vaccine Injury is very much closely related to the Adjuvants and not necessarily the Pathogen dose delivered in the solution of the Adjuvant. It is the Adjuvant rather than the disease which is of interest to the 5G / ID aspects of what the past two years have really been all about.
The Repo Spike in Newyork on September the 19th was the starting pistol, of course, the dress rehearsal was Event 201, The Objective was almost certainly to gain widespread acceptance of Digital ID's on SmartPhone devices and possibly by stealth through Nanotechnology, within the Adjuvant solutions in the MRNA vaccines( Experimental Gene Therapies?).
So what about Climate Change, CO2, and all that, no its not the Graphine found in some adjuvant samples but the Rationing of Carbon through a Carbon-based currency which is why the Climate Change Agenda particularly the CO2 control knob is so important.
The ratio of Good Energy ( renewables) for which Carbon Credits will be created and Bad Energy of "Fossil Fuels which represent Carbon debits, is 16:1. There are various combinations which could see the ratio vary but essentially as with The Gold Standard a Carbon Credit Renewables Standard has the same ratio as the Historical Bi-Metallic ratio known to numasticist's the world over. A deflationary centralised banking regime will be able to impose Austerity to an authoritarian extent extending to a population control mechanism. This is a far more likely delivery mechanism for Rapid population reduction policies than any Vaccination regime, Famine equally, is a far more effective and efficient means of population reduction than certainly War or any other form of genocide, also for the Authoritarian regime deploying it, it is also complete with a shield of plausible deniability.
https://www.bitchute.com/video/BTqQ2FyU8Uzc/
https://priceofoil.org/content/uploads/2011/01/DrillingIntoDebt.pdf
AN INVESTIGATION INTO THE RELATIONSHIP BETWEEN DEBT AND OIL
The report “Drilling into Debt” presents a comprehensive analysis of the relationship between oil and debt, drawing on data from 161 countries over a significant time span. The key findings highlight the strong correlation between oil production, exports, and increasing debt burdens. It is evident that countries with higher oil production and export dependence tend to accumulate more debt, while also experiencing improved capacity to service existing debts. Additionally, the report sheds light on the detrimental impact of World Bank programs aimed at promoting oil production in developing countries, which have contributed to exacerbating debt levels. The interplay of structural incentives, fiscal policies, and oil market volatility emerges as a significant factor driving the relationship between debt and oil. Furthermore, the report underscores the disproportionate benefits reaped by Northern consumers and governments in contrast to the adverse effects on poverty alleviation, development, and global climate stability. Overall, the findings present a compelling case for reevaluating the dynamics of the global oil economy to better align with broader societal interests.
The control of oil : Blair, John M. (John Malcolm), 1914- : Free Download, Borrow, and Streaming : Internet Archive
https://archive.org/details/controlofoil0000blai
via @internetarchive
An exhaustive and generally balanced account of why the US and other industrial powers became dangerously dependent on foreign oil. A college professor who served thirteen years as chief economist of the Senate Subcommittee on Antitrust and Monopoly, Blair chronicles how seven major international petroleum producers–integrated from well to gas pump–began operating in restraint of trade with the usually eager complicity of Mideast rulers around the turn of the century “to avoid the rigors of price rivalry.” Even as control of concessions passes to host nations through nationalization or pre-emptive participation agreements, he maintains, Big Oil retains its hold. Although crude quotas have quadrupled since 1973, OPEC still dances to the majors’ tune in fear that oversupply could break prices in the West’s volume markets. Having documented both the causes and consequences of monopolistic control of oil resources, Blair suggests several remedies, chiefly utility-style federal regulation of large crude suppliers and vigorous enforcement of antitrust statutes. The book touches on petroleum alternatives as well as supplements (synthetics, electric cars, fuel cells). While Blair’s style must be characterized as academic-graceless, he provides damning detail for the upcoming debate on the extent to which oil-industry concentration represents an abuse of economic power overdue for redress. His work is as important and valuable as it is disturbing
https://rumble.com/vmyx1n-monopoly-who-owns-the-world-documentary-by-tim-gielen.html
Understanding the Ratio
The Appendix to This Book is the most concise I have found on the question of Money.
mixt money trifecta