it is their right, it is their duty...
PEOPLE For Mathematically Perfected Economy™ (PFMPE™) : mathematically perfected economy™ (MPE™) is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economy™ is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it.
Friedman Never Solved the Cause of the First Great Depression
day, month date, 2009
THIS NEW PAGE UNDER CONSTRUCTION.
Friedman Never Solved the Cause of the First Great Depression
"You’re right. We did it. We’re very sorry. But thanks to you, we won’t do it again."
This will be a famous white lie, because Friedman never ascertained the cause of the first Great Depression, nor did Bernanke (or any "Fed" Chairman after him) recognize such a cause, or rectify it.
Many years ago (there are still links to it), I had a page, "Mathematic PROOF the So Called Federal Reserve CAUSED the First Great Depression." It was one of the most stolen and emulated documents on the early internet. The point of the paper, despite the detail of its story, was that the so called Federal Reserve System inherently and inevitably caused the First Great Depression, and that of course it can only cause another.
That is, after a given lifespan of that iniquitous system expires, it leaves permanently damaged credit-worthiness which can only be restored ultimately by disavowing the rules and resultant conditions of the system. Only then can it be granted, by tolerance, apathy, and ignorance, a subsequent lifespan, which can only lead to the same inevitable failure.
If Friedman had identified the cause of the First Great Depression then, he would have advocated the singular solution to that cause, because to understand the cause is inherently to understand the solution — they're the very mirror images of each other. Friedman therefore would have advocated mathematically perfected economy™.
Likewise, Bernanke lies when he claims he won't do it again. Every moment the system exists, it is "doing it." That is, it is inherently and irreversibly multiplying debt in proportion to a vital circulation, as we are forced to maintain a vital circulation by perpetually re-borrowing principal and interest paid out of the general circulation, as subsequent debts, perpetually increased so much as periodic interest on an ever greater sum of debt. The system inherently and inevitably fails again and again, and can only be started again and again, by utter criminals, so long as it exists.
Those who remember my original paper, as well as those who stole from it, will recall that it told a story how the supported practice of buying stocks on margin made it impractical to save, and how the sudden withdrawal of the availability of this unwarranted "credit" spelled immediate doom to the subject "free markets." Free, my hind quarters.
Of course, with the whole country customarily buying stocks on margin, the people had their money tied up in 10% of a short term debt, for a purported asset which could only be bought down the road likewise by someone else being able to procure further credit. The speculator sold their $1,000 of stocks, which they had $100 tied up in (and a $900 debt) for maybe $1,100 in 2 weeks, paying back their $900 15-day promissory note, and doubling their money.
So one dark, devious day, when the so called Federal Reserve (which is neither federal nor a reserve of anything [my words, to those who think others wrote or said them])... when the purposed deception called the Federal Reserve declared it would no longer issue us our promises to pay each other, of course Ron Paul's "free market" (Ron wants banks and interest, too) could only fold. They might have thought over the weekend how they were going to sell their $1,000 "of securities" to a market which only had $100 in circulation — this not even being in their possession — and which could not "borrow" (get their friend, the Fed, to issue them their promise to pay...) so much "credit" as would perpetuate the graft. Of course, when the market fell, title fell to who?
Not a scheme? Right; and we can never understand it as such — which of course explains Bernanke's claim they're not going to do it again.
What do you think? Has Ben Bernanke never heard of mathematically perfected economy™? Can he disprove it? Or does he go on, intentionally preserving the system of exploitation with false, shallow claims which he never qualifies... on purpose?
Is that not why Obama's "Economic Policy Team" returned my *requested* package, upon identifying its sender? You tell me... but I'm telling you that many people have written Ben Bernanke about mathematically perfected economy™; and just "somehow," neither he nor a predecessor or successor have ever responded.
Why? Because there's a conclusive argument?
It's an outright lie when Bernanke says he won't do it again.
Won't do it?
It isn't necessary to call the loans in or withdraw further availability of credit; the system collapses itself when it finally, inevitably produces a terminal sum of debt.
How in fact far away is the day which proves Bernanke won't do it again?
If years of ten thousand homes a day going into foreclosure, millions of jobs already gone, and only the biggest and the worst having a hope of a pathetic pretended rescue only meant to preserve a system of exploitation which can only multiply debt into terminal debt don't tell you that you're already living in it... nothing will wake your sorry excuse for your own demise up.
RELATED REFUTATIONS/REVIEWS OF CONTROVERSIAL MONETARY PROPOSITIONS
"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)
© COPYRIGHT 2009, by mike montagne and PEOPLE For Mathematically Perfected Economy™.
Except for profit making ventures or entities otherwise granted explicit permission to publish this copyright material, this article may be distributed or reprinted in whole only, from and including any quotes preceding its title, through and inclusive of the following permalink(s), by email or otherwise. Visitors may also download our entire directory of regular/main site articles from our downloads page: http://perfecteconomy.com/pg-free-pfmpe-downloads.html. If you want to save your country, we encourage personal distribution of this material to all conducive recipients of your personal address books. Of course, you may also send only the following permalink:
DISCUSS THIS ARTICLE IN THE PFMPE™ FORUM:
REFUTATION OF CONTROVERSIAL MONETARY PROPOSITIONS, REVIEW OF OTHER MATERIAL
REVERSE CHRONOLOGICAL ORDER
pfmpe[ at ]perfecteconomy[ dot ]com
Gross National Public Debt Clock
"National debt," perhaps better said to be "federal debt," refers only to public debt accumulated by the federal government. National debt does not include the even greater sum of private debt, or further public debt accumulated by state and local governments.
PER CAPITA, THE CURRENT FEDERAL PUBLIC DEBT COMES TO APPROXIMATELY THIRTY-THOUSAND DOLLARS.
FIGURED AT THE ROUGH SCALE USED BELOW TO DETERMINE RESPONSIBILITY FOR PRIVATE DEBT, THE AVERAGE FEDERAL DEBT WOULD BE ROUGHLY $93,750 PER ELDER ADULT MOST RESPONSIBLE FOR THE ACCUMULATION OF FEDERAL DEBT. BUT LIKE PRIVATE DEBT, THE UNDUE BURDENS OF THIS SHARE WILL SIMPLY BE SADDLED UPON YOUNGER GENERATIONS.
PER CAPITA U.S. PUBLIC AND PRIVATE DEBT
Estimates of the sum of private and public U.S. debt together, accounting for potential Social Security and Medicare liabilities as of November, 2007, run as much as more than $96 trillion; or $320,000 per capita even for infants; OR AN AVERAGE OF ROUGHLY HALF A MILLION DOLLARS PER ADULT.
THIS EQUATES TO ROUGHLY $1 MILLION PER ELDER ADULT, MOST RESPONSIBLE FOR ENGENDERING THIS DEBT.
TO ADD THIS PAGE TO YOUR BOOKMARKS OR FAVORITES...
BOOKMARKS > BOOKMARK THIS PAGE
TO MAKE THIS PAGE YOUR BROWSER'S HOME PAGE...
TOOLS > OPTIONS...
SPREAD THE WORD!
PEOPLE MAY NEVER COME HERE UNLESS YOU RECOMMEND THIS MATERIAL!
TO SEND THIS PAGE AS A LINK OR PAGE...
FILE > SEND...
CLICK THE COPY-TO-CLIPBOARD TOOLS TO...
COPY THE URL TO THIS PAGE:
COPY THE HTML CODE FOR AN ANCHOR TO THIS PAGE:
COPY THE HTML CODE FOR AN ANCHOR TO OUR HOME PAGE:
PLEASE SUPPORT PEOPLE For Mathematically Perfected Economy™!
PEOPLE For Mathematically Perfected Economy™ is the original and only bona fide solution to the world's imposed, falsified economic systems. On November 7, 1998, tens of thousands of voters designated PEOPLE For Mathematically Perfected Economy™ a Starting Point HOT SITE. Since the early 1990s, even while subject to extensive imitation and plagiarism, we have served up to hundreds of thousands of visitors per month, from all parts of the world.
DONATIONS FROM JANUARY 1979 TO APRIL 2008, $0.00!!! My great appreciation to Max Demarzi and I Young, who have since donated $100 and $50 respectively. You know, $1, $2, $3 is cool. If everybody did that, we wouldn't have any trouble at all maintaining this effort !
While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.
There is no other solution. Regulation can only temper an inherently terminal process.
If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.
Copyright 1979-2008 by mike montagne and PEOPLE For Mathematically Perfected Economy™. ALL RIGHTS RESERVED.
SEARCH PEOPLE For Mathematically Perfected Economy™