A DAILY PAUL FORUM THREAD ASKS, If You Had Rp’s Ear For 2 Minutes Before The Upcoming Debate…

Two minutes is precious little, but here’s my shot…

I would tell him that circulation (”printing money”) is not “bad”; it’s the nature of the money which engenders demise. After all, if money were only representative of prosperity (which is its general intention), is it not the mark of a prosperous society then that it be necessary to issue so much circulation as can sustain their great prosperity?

How are we to sustain commerce with an insufficient circulation?

The problem before us is the nature of the currency. The present circulation is a privatized currency, intended from its very inception to take unearned profit.

The answer to the age-old riddle why we are at the brink of economic failure is simple. It is impossible to maintain a circulation without multiplying debt in proportion to the circulation, because the profit-taking process of the currency requires us to re-borrow whatever we pay against principal and interest obligations. Thus it is mathematically impossible to pay down the sum of debt, because whatever we pay against principal must be re-borrowed as a new debt, equal to the old.

But what we pay against interest therefore is re-borrowed as new debt, and thus the sum of debt perpetually increases so much as periodic interest on an ever greater sum of debt, until ultimately we can no longer afford to service debt.

That day sir, is upon us; and no return to the gold standard can save us from that day, unless we eradicate interest.

There is one and one only prescription to solve inflation, deflation, intrinsic (systemic) manipulation of the value or cost of money or property, and inherent, irreversible multiplication of debt.

That is to loan our money into circulation as a new debt, free of interest, and secured by the property itself. The latter virtue, in conjunction with the other respects, eliminates the ostensible need for a monetary standard, and provides for necessary circulations above and beyond finite monetary reserves (which therefore are redundant).

By paying these debts at the rate of consumption or depreciation of the related asset (which rates are equivalent), we solve inflation and deflation. The money has a consistent value, because the circulation always equals the depreciated remaining value of all related assets. There is no multiplication of debt, because we the people have taken charge of issuing our own evidences of our debts, without cost. There is no multiplication of debt or inevitable collapse under insoluble debt, because we have eliminated interest, which is the process which multiplies debt.

There is no systemic manipulation of the value or cost of money or property, because the relationships between all are constant, and because all of the money can be dedicated to servicing our debts (versus multiplying interest obligations).

How does this work sir?

If you were to buy a $100,000 home with a hundred year lifespan, you would pay your debt off at the overall rate of $1,000 per year or $83.33 per month.

How much homelessness or foreclosure would we be threatened with then, sir?

How do we immediately convert a privatized currency such as has been imposed upon us into mathematically perfected economy?

We refinance all debt without interest and subject to such schedules of payment — freeing approximately 11/12 of the current earnings of all employed people to sustain further commerce. We loan mathematically perfected economy’s circulation to restore our industry. Even college students could immediately afford new homes.

Money is not bad, sir. The money we have been subject to is an irreversibly multiplying liability. That’s its fault; and that fault is an intended one.

But money is not bad sir, if it is the circulation of mathematically perfected economy.

FINAL REMARKS TO FORUM QUESTION

I haven’t put the stop-watch on that, but that’s my 2 minutes’ worth.

BTW, if all of us got behind this issue, mathematically perfected economy would put Ron Paul in the White House. The gold standard cannot save us. Thomas Jefferson knew that. He meant for us to understand that.

Google “parable of perfect economy” to read my further papers on the limitations and liabilities of precious metal monetary standards, Austrian School economics, and so forth. BTW, Austrian School philosophies themselves don’t even pretend to solve the ramifications of interest. In fact they condone interest — and that means our candidate must master this issue in the next few days.

That’s a lot more than two minutes. Who can get this message to him but you, whoever you are?

RELATED MATERIAL

1. If You Had RON PAUL’s Ear For 2 Minutes Before The Upcoming Debate… (DAILY PAUL FORUM)
2. Austrian Economics
   
   Deborah L. Walker, Library of Economics and Liberty, Concise Encyclopedia of Economics
3. Capital and Interest: A Critical History of Economical Theory
   
   B?hm-Bawerk, Eugen von (1851-1914)
   1. The Opposition to Interest in Classical and Medieval Times
   2. The Defence of Interest From the Sixteenth Till the Eighteenth Century
   3. Turgot’s Fructification Theory
   4. Adam Smith and the Development of the Problem
4. Google Austrian School Economics in a separate tab or window
5. PROBABILITY OF WORLD-WIDE ECONOMIC COLLAPSE AS A CONSEQUENCE OF INTEREST
   
   [A PRINCIPAL REASON FOR MPE™; POPULAR PAGE.]
6. WHAT IS Mathematically Perfected Economy™?
   
   [POPULAR PAGE.]
7. WHY AND HOW USURY HAS BEEN IMPOSED ACROSS THE WORLD
8. PARABLE OF PERFECT ECONOMY — HOW USURY COMPELLED THE AMERICAN REVOLUTION
   
   [MOST POPULAR PAGE, MANDATORY READ, AND A GOOD ALTERNATE STARTING POINT BEFORE JUMPING TO TOP.]
9. PURPOSES OF THE DECEPTION THAT INFLATION IS CONTROLLED BY INTEREST (USURY)
   
   [MANDATORY READ.]
10. RELEVANT HISTORIC QUOTES
    
    [POPULAR PAGE; AN EXTENSIVE HISTORIC PATTERN.]
11. THE FALSIFIED ARGUMENT THAT RISK JUSTIFIES INTEREST (USURY)
    
    [MANDATORY READ.]
12. WHAT IS FREE ENTERPRISE?
    
    [MANDATORY READ.]
13. WHAT IS SOUND MONEY? WHY PRECIOUS METAL MONETARY STANDARDS CAN ONLY FAIL
    
    [MANDATORY READ.]
14. WHAT IS USURY?
    
    [MANDATORY READ; EXPLAINS THAT INTEREST CAN ONLY ENGENDER USURIOUS DEBT.]
15. Why Pre-MPE™ Austrian School *Thinking* Can Never Solve Our Issues
16. A FATAL FLAW OF AUSTRIAN SCHOOL ECONOMICS — COMPLETE REJECTION OF MATHEMATICS?
    
    [MANDATORY READ; RELEVANT TO CURRENT ELECTION.]
17. REGARDING INTEREST THEN, DOES AUSTRIAN SCHOOL ECONOMICS NOT HAVE TITLE TO LIBERTY AND RIGHT REVERSED?
    
    [MANDATORY READ; RELEVANT TO CURRENT ELECTION.]

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