What should concern us is who stands in the way of solution, and why. mike montagne

RESPONSE TO ICH ??THE PROBLEM IS NOT DEBT!

The following article responds to comments on the Information Clearing House, Naomi Klein article, “Wall Street’s Bailout is a Trillion-Dollar Crime Scene.” You will see in the comments that I made several other responses. This response is to the following quote:

“The solutions to all our problems of debt could be solved with one clear edict… Impose a permanent moratorium on all debt concerning home ownership, supply each human being who has no home with a home, and wars will end, no mortgages will be necessary, and we will live our lives trying to make the Earth a better place for all, including all other species that share life along our own.

Jean-Louis Robert”

[end, anonymously posted quote]

The problem is not debt.

There’s a huge faction on the web who now hold to this flawed idea. Many of them descend directly or indirectly from the so called Debt Virus theory, which was stolen from my work by an “author” (Jaikaran) who doesn’t even understand the process so much as to associate blame with cause, versus consequence.

The first page of “Jaikaran’s” book borrows my “Parable of Perfect Economy,” not even understanding it is not actual history (in its entirety), and only obfuscating it so much as to try not to appear to plagiarize. Evidently, he leaves his readers so confused that they assume too that debt is the issue. As a consequence, many further false authorities associate the present specter of insoluble debt with fractional reserve policy, or the fact money is debt. Neither Jaikaran or his readers solved the problem; and even as he so obviously studied the solution in my work, Jaikaran so misunderstood the fact of a singular solution that he could not even sufficiently convey it to his readers.

The answer is not socialism (as suggested by the quote), and the fault of the monetary system is not debt.

We must ascertain the fault if we are to rectify the system. Many people assert it is impossible to perfect a monetary system. Why, or why not?

I spent practically 15 years at this question, at first realizing that obviously we can perfect certain aspects, and ultimately realizing that in fact any historical monetary system has but few powers to subvert the natural laws we would abide by if it were not that such systems are *always* imposed upon us for the purpose of exploitation, exercised through 3 classes of categoric faults: 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.

All iniquities of these historic systems of exploitation belong to these three classes of categoric faults, because the only powers these systems have are to bastardize the circulation upward or downward ([1] inflation/deflation), and to obligate us to maintain a circulation by re-borrowing principal and interest as subsequent sums of debt, which therefore are perpetually increased so much as periodic interest on an ever increasing sum of debt, until such a sum of debt exists that we can no longer afford to service it ([3] inherent, irreversible, terminal multiplication of debt by interest).

As systemic manipulation of the cost or value of money or property is imposed by any possible *combination* of the first and third faults then, a monetary system can be perfected by simply solving inflation and deflation, and inherent, irreversible, terminal multiplication of debt by interest.

So then, mathematically perfected economy is simply the solution of inflation and deflation, and eradication of interest.

Adversaries of solution (or the confused) immediately mutter, well then, who is going to loan money into circulation if it is not subject to interest?

No one, because no one needs to borrow money into circulation *from someone else*; and this is what my Parable of Perfect Economy was about (see our pages).

In nature, the person who buys a $100,000 home with a hundred-year lifespan ??who does not have the money to do so ??may enter into an arrangement with its producer (who, in all cases is the true creditor). The producer thus may *elect* to accept their promise to pay (”note”).

What you have in the so called Federal Reserve System, World Bank, IMF, or any central bank of the world, is a system where a third party which produces nothing *and is not the real creditor at all* intervenes unnaturally upon the same transaction, simply saying in effect that no promise to pay is any good unless it is issued on their paper.

This “money changer” or usurer thus simply issues the promise to pay *at no cost to itself*, but charges us interest *as if* there were earned wealth or risk at stake. No such risk exists of course, because as soon as the money changer recoups the costs of the paper (if any), there is no possibility of loss. Uniformly then, they multiply their unearned profit many times *in the very first payment against a debt, which, from its very beginning is multiplied above the related property.

We can readily know this is an intended obfuscation then from the very structure of the “central banking” system itself. Why/how?

The word, “central” is the principal clue: by surrounding a “central” bank with satellite banks which act in fact as middlemen, the central bank creates the facade that earned wealth is at risk: the middlemen have in fact borrowed “money” (which is assumed wrongly to represent *earned* [risked] wealth *in all cases*) from the central bank… and therefore *are at risk* if the obligation cannot be repaid.

But this is not the *actual* risk of the so called “financial” system; and so we see these facts manifested *today* in the failure of the middlemen, and inherent survival of the so-called central bank ??which in fact are two very different things, even as we refer to them as banks.

So the solution of our problem(s) hinges on just two things: eradication of interest; and solution of inflation and deflation (which are impossible to solve, without eradication of interest, because interest requires that we pay out of the circulation, more than the value of the related property).

How do we solve inflation and deflation?

Simple: both together are solved by a singular prescription/schedule of payment, which, at all times and in all cases, maintains a circulation which is equal to the remaining value of the related wealth.

So a $100,000 home with a hundred-year lifespan for instance is paid off at the overall rate of $1,000 per year or $83.33 per month.

Now, if you read my yesterday’s blog, you’d see in the videos that Dennis Kucinich and others are interrogating Neel Kashkari of the Treasury Department, who pledges that the Treasury (in administering the bailout funds) is passionate about applying the real solution to the real problem.

Those who are reading these pages will immediately intuit this to be a lie. But why *explicitly* is it a lie?

It is *explicitly* a lie because even Mr. Kucinich has received *many* propositions of mathematically perfected economy; and thus because the powers that be are only *evading* culpability by this facade of interrogation.

How many of the 10,000 homes a day going into foreclosure would be lost if we eliminated these usurpers from representative government, that we could pay debts free of perpetually multiplied unearned profit, to each other?

None of course; and in fact, we would *immediately* have approximately/overall, something like 12x the spendable income we do now ??with no other change whatever.

So I show how to do this in one day in our page, “If I Were President…” (which is a *singular* process of absolute solution, which I worked out in the mid 1970s).

The problem then, is that the imposed currency inherently, irreversibly multiplies debt into terminal debt ??further making the one solution to both circulatory and price inflation/deflation impossible.

What inherently drives up the cost of all things?

Artificial multiplication of debt on the subject industry, which is obligated to service the artificial multiplication of debt.

RELATED MATERIAL

1. “Wall Street’s Bailout is a Trillion-Dollar Crime Scene.”
2. SYNOPSIS ??MATHEMATICALLY PERFECTED ECONOMY? REDUCED TO ITS BAREST THREAD
3. [?KEY?]??IF I WERE PRESIDENT ??HOW TO ARREST WORLD WIDE MONETARY COLLAPSE IN A DAY
4. PROBABILITY AND TIMELINE FOR WORLD-WIDE ECONOMIC COLLAPSE AS A CONSEQUENCE OF INTEREST
5. 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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This entry was posted on Monday, November 17th, 2008 at 11:59 am and is filed under AUSTRIAN SCHOOL, Barack Obama, CENTRAL BANKS, WORLD BANKS, DENNIS KUCINICH, FEDERAL RESERVE, INITIATIVES, INTERNATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, Mathematically Perfected Economy, NATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, POWER, ABUSED, RELIGION AND USURY, RON PAUL, UNASSENTED GLOBALISM, WAR, PEACE and USURY, events and politics, theory and implementation, usury. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.