Speak your latent conviction, and it shall be the universal sense; for the inmost in due time becomes the outmost ??and our first thought is rendered back to us by the trumpets of the Last Judgment. Familiar as the voice of the mind is to each, the highest merit we ascribe to Moses, Plato, and Milton is that they set naught at books and traditions, and spoke not what men, but what they thought.
A man should learn to detect and watch that gleam of light which flashes across his mind from within, more than the lustre of the firmament of bards and sages. Yet he dismisses without notice his thought, because it is his. In every work of genius we recognize our own rejected thoughts: they come back to us with a certain alienated majesty.
Great works of art have no more affecting lesson for us than this. They teach us to abide by our own spontaneous impression with good-humored inflexibility then most, when the whole cry of voices is on the other side. Else, tomorrow a stranger will say with masterly good sense precisely what we have thought and felt all the time, and we shall be forced to take with shame our own opinion from another.
Ralph Waldo Emerson
RESPONSE TO CONSTITUTION’S DEFENDERS FOR OBAMA POST
This morning I responded to the following ConstitutionsDefendersForObama post:
Gadzooks! Money Lenders have invaded the Great American Temple of American Democracy! I Say, Let’s Throw the Bums Out Lads!
I’m with you, [previous poster]! Looking at what has happened since Bush and the U.S.. Republican-controlled Congress decided to include The People’s Republic of China in the current abomination of DARWINIAN “FREE TRADE” and “WTO”. Looking at the resulting massive explosion of cheap IMPORTS from China, even giving the Communist Giant “MOST FAVORED NATION” status. Looking at the resulting massive literal EXPLOSION of our TRADE DEFICIT with China..
Looking at the Massive OVERALL Trade Deficit and the Massive exporting of good-paying AMERICAN JOBS, because of the Neo-Con FAITH-BASED belief in “GLOBALIZATION”.
Looking at the Massive increase in BORROWING by both the Federal Gov’t. and the American CONSUMERS, to continue supporting a policy of “LIVING BEYONG OUR MEANS” — i.e. “Eat, Drink, Be Merry” and screw worrying about paying the Piper.
Looking at the Massive increase in borrowing from China & other Foreign Countries that are also investing money from their “SOVEREIGN WEALTH FUNDS” in buying or owning shares of Stock in American companies.
THEN add in the “CRAP SHOOT” on WALL STREET and all the corruption, fraud and MIND BOGGLING stupidity of the BUSH Administration throwing the “MONKEY WRENCH” into everything — screwing up literally everything they touch …
Well, the result of all this is that you and I, ordinary “John & Jane Joe” citizens are S.C.R.E.W.E.D., big-time! Whether NOT having a “Federal Reserve” would have made a DIFFERENCE, I have no idea, unlike HENRY or other “EXPERTS” on the Economy and Financial systems, I majored in FINE ART in College, not Economics!
Putting on my ART CRITIC’s hat, however, I will give my “Expert” Opinion: I look at the current Sub-Prime Mortgage Meltdown and Financial “CRISIS” and I might as well be looking at a Painting by SALVADOR DALI - like the one with the famous “melting clock” — if I were making a Surrealistic Painting of WALL STREET, I would paint the Building to look like it was MELTING, like in a Salvador Dali.
Trying to understand what’s going on is just FRUSTRATING AS HELL! Like trying to underrstand Nuclear Physics or why in the world Republicans are going bat-sh*t crazy over SARAH PALIN!
And “All the Gold in Fort Knox”, for all WE know, is just plain old BRICKS, painted to LOOK they are REAL Gold! That’s MY Theory.
Having asked the questions you have, you are not far from the answer.
You are absolutely right as well that the real nature of the problem is purposely obfuscated. Realize for instance that what is called “economics” is certainly not economic if it produces the effects you point out; and that furthermore, not only is the pretended discipline fraught with internal controversy, it is wholly bereft of formal proof or theorem. That is, unlike any of the true sciences, “economics” doesn’t even have a first precept, giving it the object or purpose of engendering what is “economic.” There is not even a single theorem which establishes the present pseudo science is even sustainable.
While still he sustained himself largely by complying with that pseudo science, John Kenneth Galbraith put it like this:
In economics, the majority are always wrong. [Less protectively, contemporary “economists” lie because the whole, purposed lie of usury and unearned taking is unsustainable in any practical implementation, and because therefore, no intelligent public would ever assent to the dispossession and usurpation which the lies are designed to impose upon them. Thus…] The study of “money,” above all other fields, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.
Ayn Rand said,
“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection, and the base of a moral existence.”
You are an artist, and you would prefer not to have to understand all the false dogma the mainstream media feeds us; and of course you hardly have to understand it all.
But because we are a republic, if we are going to solve our problems, we do have to understand the core problem, that we can fix it above a government so corrupt as to be co-perpetrators of what amounts to a monumental crime against us. After all, we readily understand that in nature, we prosper however much our willingness and capability incorporate available resources into production. Without exhausting resources then, the very idea that the whole of the world’s “economies” (a lie from its beginning) should fail itself paints a portrait of a wholly unnecessary and artificial failure. That a renegade government refuses to rectify the problem when we can (and have) prescribed exactly how to do so, furthermore establishes a testament that the problem is intentionally imposed, for a purpose ? and that obvious purpose is the vast unearned taking from us, by artificial multiplication of debt.
If you and I were doing business together… perhaps I want to buy a painting from you… and I can’t pay you immediately, you might accept my promise to pay, particularly if it is based on certain conditions which absolutely guarantee that you will be paid.
Under the central banking systems which have been imposed upon the world, a third party, who produces nothing, intervenes on our arrangement. They say, “No, no, no, no, no… you cannot issue your own promises to pay each other: *only* promises to pay issued by the central bank have integrity, because they cost you *further* ? they are subject to interest.”
Now you, being the producer of the subject property, are the real creditor. In the first case, you accepted my promise to pay, which was guaranteed by conditions I have not yet stated but will get to in a few more sentences. In the second case, you accept my promise to pay, issued by a banker; and, while *we* might define money differently (and particularly, as an inert, indestructible, redeemable token of value), and while this particular form of money costs the central banker virtually nothing whatsoever to publish, yet we presume there is some risk involved to the false issuer of the promise, which justifies my paying *them* several paintings to acquire your one.
Obviously, you and I are going to engage in less “economic” activity as a consequence of this substantial further cost.
But there is a further problem with introduced by this imposed form of “money,” which is all you have to understand to get at the crux of the present monetary failure.
That is, this imposed form of “money” inherently and irreversibly multiplies debt in proportion to a circulation, so that ultimately the whole system collapses under a sum of debt it can no longer afford to service.
How does this happen?
Under this imposed system (it was never approved by an election; and in fact the prevailing side of the 1912 election voted *against* the creation of “a central bank”), the principal is introduced to circulation as a debt subject to interest. Because the resultant obligation is to pay both the principal (circulation) *plus* the interest (which exists beyond the sum of the circulation), therefore our payments against this monetary obligation of principal and interest perpetually deflate the circulation. That is, we are constantly paying principal *and* interest out of the general circulation, which exists only insofar as a remaining sum of principal. We are therefore perpetually depleting (”deflating”) the circulation moreso than what principal exists.
Furthermore, to continue servicing these monetary obligations, we must maintain a vital circulation.
Of course, because the money only comes from “the central bank,” and because we can only borrow this altered, purposed, artificial form of “money” into circulation, therefore we must borrow back into circulation the principal and interest we pay out of the circulation.
What does this mean?
First of all, it means that to whatever degree we must re-borrow principal, it is mathematically impossible to pay down the sum of debt: The principal we pay down must be re-borrowed, therefore as new debt, equal to the former debt. This aspect of our obligatory replenishing of the perpetual deflation of the system thus always retains the former sum of debt, however much we pay against it.
Secondly however, it means that interest payments too must be borrowed back into circulation; and therefore, because interest payments counted none at all toward the previous sum of debt, thus because we can only borrow them back as new debt… *therefore the sum of debt perpetually increases so much as we have to re-borrow interest back into the general circulation, to maintain a vital circulation*.
Finally then, therefore the sum of debt perpetually increases at inherently escalating rates, so much as the periodic interest on an ever greater sum of debt.
Read it slowly, and you will understand it.
Thomas Jefferson, arguing against the creation of “our” first “national bank” (which Hamilton attempted to create *after* the Constitution was finalized [without a central bank], by *circumventing* the constitutional processes and regulations)… Jefferson put it this way:
If the American people ever allow banks to issue their currency, first by inflation and then by deflation [by having to maintain a vital circulation by perpetually re-borrowing principal and interest as subsequent sums of debt, increased perpetually so much as periodic interest], the banks and [bank owned] corporations which will grow up around them will deprive the people of all property, until their children wake homeless on the continent their fathers conquered.
Of course, that day has come.
Jefferson also said:
“The system of banking is a blot [defect] left in [unsolved by, and unfortunately tolerated by] all our Constitutions [state and federal], which if not covered [eventually solved and revoked] will end in their destruction. I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity is but swindling futurity [on the greatest possible scale].”
“The end of democracy and defeat of the American Revolution will occur when government falls into the hands of the lending institutions and [their] moneyed incorporations.”
Some casually laugh at the idea we can perfect “an economy.” But as Kennedy said, as our [few simple] problems are man made, therefore we can [readily] solve them.
In the case of the present facade of “economy,” we have only two very basic issues to solve; multiplication of debt by interest, and inflation/deflation (how much money to circulate).
The first we can only solve by eradicating interest; and the second too, we can only solve by eradicating interest, because interest requires us to pay out of the general circulation, more than exists.
So, how do we solve inflation and deflation?
That problem is elementary: Because each are defined respectively as increases or decreases in circulation per the wealth the circulation is intended to represent, thus the *only* solution for inflation and deflation is to maintain a circulation which at all times is equal to the remaining value of the wealth it is intended to represent.
The only way to do that is to pay off debts which are not subject to interest (ever multiplying unearned profit, taken at no cost whatsoever, by a process which perpetually undermines the integrity of the currency, and ultimately engenders terminal sums of debt)… at the rate of consumption/depreciation of the related assets.
Thus the one and only solution is simple:
In the case of a $100,000 home with a hundred year lifespan, we pay off the home at an overall rate equal to its 100-year consumption or depreciation, which of course comprises an overall rate of $1,000 per year, or $83.33 per month.
Obviously, quite contrary to Mr. McCain’s bogus assertion that we need our house prices to come up (which, under the present system, results instead in our paying to “the central banking system,” lifetime after lifetime for the product of a few months of our own production), what we really need to do is to re-finance all debt immediately, under mathematically perfected economy?.
Here is my prescription for exactly how to do so ? how to arrest inherent, inevitable monetary failure under the present system in less than a day:
I also promised to explain how the artificial, imposed “money” of the central “banking” system inherently undermines the ability to pay off the resultant debts. Perhaps you already understand from my previous explanation, but of course, as the sum of debt is inherently and irreversibly multiplied in proportion to the vital circulation, ever more of the vital circulation is inherently and irreversibly dedicated to servicing an ever greater sum of debt. This of course leaves ever less of the circulation to sustain the surviving industry which is obligated to do so. Thus it is ever less possible to do so all the while of the inherently finite lifespan of every such system; and ultimately it is impossible to do so, because ultimately and inevitably, the entire circulation would be devoted to servicing debt.
Of course, however much further unearned taking is imposed upon us by further parasitic processes (by further entities which produce nothing or take unearned profit by extortion, coercion, subversion, usurpation…), it is the proximity of that final day of inherent, further multiplication of a terminal sum of debt which explains our present circumstance.
Of course, as [previous poster] says, the mainstream media isn’t about to proliferate the truth, because of course the mainstream media is owned by the very perpetrators of this crime against humanity.
As to the constitutionality of it, you should I would hope take some interest in the following evaluation of Jefferson’s Opinion on the Constitutionality of a National Bank, which he wrote for President Washington in response to Hamilton’s (successful) efforts to circumvent the new Constitution to create an entity the founders *purposely* themselves refrained from creating:
I will close then with one final quote from Jefferson:
Only lay down true principles, and adhere to them inflexibly. Do not be frightened into their surrender by the alarms of the timid or the croakings of the wealthy against the ascendancy of the people. The true foundation of republican government is the equal right of every citizen in his person and property, and in their management.
In other words, no private “federal” central bank can be endowed with a power above us to publish ultimately irredeemable promises to pay, particularly to take involuntary servitude from us, based on the unqualifiable proposition that the promises, which are our promises, and which the unassented “central bank” produces for nothing, constitute some ostensible risk to the unassented, intervening entity.
Yes, industry prospers particularly well on circulations which can sustain all conscientious development; but under usury, as Jefferson, Adams, Franklin, Jackson, Lincoln, McFadden, and many others told us… all that prosperity is soon swallowed up by the facade of justified “interest.”
- IF I WERE PRESIDENT ??HOW TO ARREST WORLD WIDE MONETARY COLLAPSE IN A DAY
- EVALUATION OF JEFFERSON’S OPINION ON THE CONSTITUTIONALITY OF A NATIONAL BANK
“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 2008, by mike montagne and PEOPLE For Mathematically Perfected Economy?.
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