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.
'MPE™ 103' — HOW MUCH MONEY TO CIRCULATE 'OUT OF THIN AIR'?
In the final analysis, Reagan had doggedly moved ahead with a plan that couldn't possibly work. Despite my appeals, he left an imposed process to destroy the house by further irreversible multiplication of debt to the eventual terminal state. In that, he may be no more guilty than any and every president since the 1912 campaign. But too, these events certify we require a higher genre of leadership — at least capable of resolving the intellectual challenges of identifying, presenting, and prevailing in solution.
Sunday, April 6, 2008
'MPE™ 103' — HOW MUCH MONEY TO CIRCULATE 'OUT OF THIN AIR'?
Talk is circulating that "creating money out of thin air" has caused the falling dollar... rising prices... the long term disappearance of our once remarkable industry... insoluble public, private, and foreign debt... the "sub-prime mortgage crisis" (case of the most artificially marginalized debtors)... and a far broader multiplying indebtedness, manifesting in a far broader and deeper failure just ahead.
The saying ascertains nothing which answers for the effects attributed to it; for again, what injury could a costless currency inflict, if it merely represented wealth in a monetary system which ensured its currency is always interchangeable with that wealth?
As costlessness is non-injurious, we must look further than the saying for useful explanation, because in fact it is impossible the expression identifies the crime against us.
Typical utterances of the saying imply that malpractice of one kind or another engenders an anomalous circulation. If we are to understand this is the case, then we must first ascertain a proper circulation and how to maintain it.
Because consistent value and perpetual interchangeability are virtues of a currency against which lack thereof the sayers rightly complain... let us suppose that "money" is *just* an interchangeable, consistent representation of wealth in such a monetary system as ensures we can always exchange it for the respective wealth.
How much currency then should we circulate?
SUMMARY OF CASES
All but the last case are anomalous circulations, and, rather than shouting "creating money out of thin air" is the problem, or any problem whatever, we can rightly draw only two overall conclusions related to that proposition from the whole of the cases:
WHAT THEN IS THE CAUSE OF THE INJURIES TO WHICH THE EXPRESSION "CREATING MONEY OUT OF THIN AIR" COMPLAINS?
All of the consequences to which the expression "creating money out of thin air" complains therefore are instead ramifications of interest (usury), because interest inherently dedicates ever more of every dollar to servicing debt, as we are forced to maintain a circulation subject to interest by re-borrowing whatever we pay against principal and interest obligations. This intrinsic and wholly unavoidable ramification of interest of course systematically, perpetually, and irreversibly ("if" we maintain a circulation) multiplies the sum of debt in proportion to the circulation (or the commerce which can be sustained by the circulation), as subsequent sums of debt equal the previous sums of debt plus so much as periodic interest.
This inherent, irreversible, perpetual multiplication of debt at inherently escalating rates (of ever greater increments of periodic interest on an ever greater sum of debt) therefore inherently destroys the purchasing power and thus the very integrity of "the dollar" not only to an ever greater degree, but at an ever escalating rate, not only until the dollar is soon enough destroyed altogether... but until the whole of the system caves in under the weight of a sum of debt it can no longer afford to service.
After all, in inherently multiplying debt, ever more of the circulation is dedicated to servicing debt, and ever less of the circulation *can* be dedicated to sustaining the commerce which is obligated to servicing the multiplying sum of debt.
Because it is impossible to maintain a circulation subject to interest without re-borrowing payments against principal and interest as subsequent sums of debt increased so much as periodic interest, *interest* then is the cause of the injuries to which the expression "creating money out of thin air" complains.
It is the interest and improprieties of the schedule of payment which are the cause of all the issues — not the conducive cost of the currency, or an excessive circulation which does not even exist.
The sky is not falling "because we created money out of thin air."
The sky is falling because 1) when you hold in your hand "a dollar," it actually represents a *dynamically* *multiplying* obligation to pay... and because 2) that *eventually impossible* obligation to pay is *already* so incredibly far much greater than the wealth most of us hope that false dollar could otherwise represent.
The purported "confidence" in "the dollar" therefore ultimately tumbles because there was no real basis for "confidence" in the first place.
The lie of the false dollar was always a deception; and it was never the inexpensiveness of the lie which hurt us. The sky is falling instead because of the inevitable ramifications of a purposed process, which in fact was the original, principal intended object of a privatized currency.
From the very beginning, the issue — and the only distinguishing process even — was "interest."
RELATED PRIMARY ARTICLES
"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)
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.
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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.
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