Imagine that you are designing the first combustion engine:
A prototype finally starts. It sputters; it coughs. It stumbles.
You envisioned smooth delivery of power ??efficient power. Your very initial objective was to achieve full possible power. So is an engine to cough? Is an engine barely to run?
No one would ever have built a decent engine if we exclaimed only how wonderful all the “running” amidst all the first sputtering.
Imposition of a central banking system on true free enterprise runs quite the opposite course. It takes a free running engine and irreversibly multiplies its debt until it can run no more. That it ran in the first place, that it ran for some time, and that it improved its production at times even faster than usury imposed ever greater oppression is no testament to the ostensible merits of usury; nor does it prove the subject commerce can sustain itself against the multiplying costs of debt forever.
In fact commerce is finite; and a system which can only multiply debt in proportion to commerce can only eventually exceed the capacity of finite commerce to support infinite, irreversible multiplication of debt in proportion to a circulation. Indeed, as ever more of such a circulation must be dedicated to servicing the multiplying debt, ever less of the circulation remains to sustain commerce.
The inherent collapse of a central banking system therefore approaches at an ever escalating rate, as the subject commerce struggles against all the malignant consequences of servicing perpetual multiplication of debt in proportion to the potential commerce which can survive to do so.
What should concern us is who stands in the way of solution, and why.
RESPONSE TO KUCINICH, BILBRAY, DODD, KASHKARI, HEARINGS ON ARRESTING FORECLOSURES
Infowars has posted a page with several videos showing Dennis Kucinich (D-OH, Chair) and Elijah Cummings (D-Maryland) of the Oversight Subcommittee on Domestic Policy, grilling Neel Kashkari of the Treasury Department about the handling of purported bailout funds, and the prospect there is going to be any tangible positive benefit of any potential policy changes/improvements. They ask questions about issues such as “negative equity,” which of course are ultimate consequences of price inflation and *intended* escalation of multiplication of debt. But the hearing raises no question which would exact the nature of the problem.
The following link opens the InfoWars page in a separate tab/window (comments I post to InfoWars regularly do not appear on their pages):
This is the page to which my comments respond, but I also embed the YouTube videos:
Elijah Cummings asks Neel Kashkari if he is a chump to AIG, which has given out 503 million dollars in bonuses, while taking 154 billion in taxpayer funds:
General questioning by Kucinich, which after establishing the background, questions what fundamental will solve any of the problems. In fact Kucinich is stating the conditions which require mathematically perfected economy?. He asks Kashkari what they are doing that is going to avoid a Tsunami of further foreclosures? What are they doing about negative equity? (There is nothing they can do; so they aren’t solving *anything*.):
Kucinich asks if the Secretary of the Treasury (Paulson) is even listening to Kashkari. Kashkari begs for an opportunity to give examples of how he is helping home owners, telling us that (if the system had its way) we would suffer even worse. Kucinich corrects Kashkari, who claims the Secretary (Paulson) is passionate about helping home owners, while in fact he has sent a signal to banks to do what they want with the money, and the bailout is virtually not going to help home owners at all:
Brian Bilbray (R-California) testifies that the federal government is very inefficient about managing such assets. Kashkari describes some hair-brained scheme “to attract private” capital to the rescue (which of course means 1) using the same circulation which should be committed to something else; and 2) *further indebtedness*):
Kucinich nails Kashkari, asking who he is really working for:
Kucinich questions preparation of testimony preceded the Treasury Departments subversion of the bailout act. Kashkari responds with ambiguous, unqualified claims of accomplishment and dedication… what he cares about, etc.. Kucinich replies that Paulson appears to have gutted the act and sent signals to banks that the foreclosure crisis isn’t something the bailout is necessarily even concerned about. Kucinich asks, “Hello, are we in a different universe here?” How do you reconcile the policy reversals?:
Senator Chris Dodd (D-Connecticut) questions Kashkari that banks receiving the bailout funds are actually using them to buy other banks:
Senator Chris Dodd (D-Connecticut) questions Kashkari about whatever techniques may be successful at arresting foreclosures. Kashkari responds he is passionate about doing so. But of course, all this could be arrested immediately by transitioning to mathematically perfected economy?. He CLAIMS to be looking for comprehensive solutions. Dodd reminds him every day of delay means another 10,000 foreclosures. Kashkari claims to understand the sense of urgency. But of course, we could stop all the foreclosures if he weren’t *more passionate* about exploitation:
RESPONSE TO INFOWARS PAGE (NOT PUBLISHED BY INFOWARS HOURS AFTER POSTED)
While to his credit, Mr. Kucinich exercises a serious posture, no one here is getting at the meat of the matter.
The reason there is a “crisis” is the imposed system inherently multiplies debt by ever escalating increments of ever greater periodic interest on an ever greater sum of debt. The crisis therefore is comprises of *inevitable* conditions, produce by a system which from its inception was intended to exploit the people as much as possible. While of course that process serves the people in no way whatsoever (because we who produce our production are the real creditors [being as we accept paper/whatever] can issue our own promises to pay without cost to extrinsic parties who produce nothing [the privatized “monetary” system]), its fault is that the underlying process, so long as it exists, is both irreversible and inevitably terminal.
So long as we maintain a circulation subject to this intended “privatization” of the people’s debts to each other (which merely imposes an extrinsic party as if they are the creditor), whatever we pay to the usurpers in the way of principal and interest must be re-borrowed as subsequent sums of debt, perpetually increased so much as periodic interest. So long as we maintain a circulation then, this process is irreversible; and, characteristically then, the inherent, irreversible multiplication indeed escalates by ever greater increments of ever greater sums of periodic interest on an ever greater sum of debt.
So, what are the questions we need to be asking?
What is the present *credit* crisis comprised of?
The crisis is the ultimate and inevitable culmination of a process which inherently and irreversibly multiplies debt in proportion to the circulation, until we can no longer afford to service the resultant sum of debt, and the system collapses. It is *an inherently terminal* system; and the only way to avoid its inevitable termination is to eliminate the *artificial* multiplication of debt.
Why aren’t the banks lending?
The banks *can’t* lend any more *because the system itself destroys credit-worthiness*; it destroys credit-worthiness to an ever greater degree across its limited lifespan; and ultimately, at the end of its life cycle, credit-worthiness is completely destroyed by a sum of indebtedness which we can no longer afford to service. In other words, the fact the banks are not lending itself is a testament of the critical fault of their system of exploitation. It is not justified in the least degree, because they are not the real creditors; but it is certainly one of the greatest crimes in history that *twice* we have allowed this illegitimate system to terminate “the world’s” “economies.”
Is this juncture not inevitable unless we perfect the system of inherent multiplication of debt?
Absolutely this juncture is inevitable. I provided computer models to the Reagan Administration in 1983 which calculated the maximum possible lifespan of any such system, and which projected that the terminal accumulation of debt would occur at approximately 2010 AD.
What is the consequence of the present destruction of *credit worthiness*?
So the system itself has destroyed credit-worthiness… and the present hearings are no more than a side show, unless they address the meat of the matter, which is this process of inherent multiplication of debt. But the consequence of arrested lending itself is the potential death knell of the system, because to maintain a *vital* circulation, we *absolutely must* not only be able to borrow perpetually, but at a perpetually escalating rate. To deny us this sole means of replenishing the circulation therefore means that surviving industry will absolutely be deprived of the circulation which is vital to sustaining itself against its obligation to service the sum of debt.
Denied that sole means of replenishing the circulation, the curtain will fall. Quite possibly before Obama takes office (not that he’s planning anything fundamentally different, and capable of saving us).
BUT THERE IS a solution; and I provided it to the Reagan Administration as well. On our page, “If I Were President…” I lay out exactly how to arrest the monetary in a day, and how to establish mathematically perfected economy in no more time than required to adopt existing infrastructures to manage the accounts of the people under mathematically perfected economy.
I will take on all naysayers here or elsewhere. Why Alex hasn’t had me on the show I don’t know, but I do know many people have asked him. Maybe Alex can disprove there is one and one only solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible, terminal multiplication of debt by interest.
These of course *are* all our problems. I published the solution in 1979. It’s available to Mr. Obama right now, and if I were anyone here who is truly concerned with rectification, I’d be visiting our pages at least, and putting the pressure on the president-elect to adopt mathematically perfected economy immediately.
As for Mr. Kashkari, he is as phony as phony gets. I wish I could answer each of these questions with its solution from the chair next to him. Mr. Kucinich, when are you going to have me testify in Washington?
- SYNOPSIS ??MATHEMATICALLY PERFECTED ECONOMY? REDUCED TO ITS BAREST THREAD
- [?KEY?]??IF I WERE PRESIDENT ??HOW TO ARREST WORLD WIDE MONETARY COLLAPSE IN A DAY
- PROBABILITY AND TIMELINE FOR WORLD-WIDE ECONOMIC COLLAPSE AS A CONSEQUENCE OF INTEREST
- 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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