What should concern us is who stands in the way of solution, and why.
WHAT *IS* TO BE DONE ??RESPONSE TO INFORMATION CLEARING HOUSE
This article responds to the Information Clearing House article, “What is to be Done?” by Michael Hudson and Jeffrey Sommers, December 13, 2008.
I appreciate the digging for the truth, but this is still a step short.
The “markets” (subjects) are not “correcting” some anomalous behavior to its proper result. In fact, that ostensible result is neither defined nor then agreed upon; and certainly, it isn’t even possible under the imposed system to rectify commerce to the usual concept of the subjects ??that they should be able to trade their production for whatever they deem to be equal measures of the production of others.
The stupefied concept of “correction” therefore cannot even be said to return to such a goal, because as a system which inherently and irreversibly multiplies debt into terminal debt remains subject to ever greater proportional indebtedness, any eventual state of what you wrongly call a “correction” leaves ever greater unearned taking *from* the pool of wealth to the mere publishers of *our* promises to pay each other.
Likewise, neither then are we restrained from “correction” by some ostensible regulation, for on the contrary, what restrains us from a bona fide correction to the desirable state where we can trade our production for the equivalent production of others is the very system itself, which in the very form of the obfuscated currency, compels us to service ever greater debt, all to the ever greater and ultimately terminal unearned taking of the mere issuers of our promises to pay each other.
All you have here then is the inevitable result of allowing a pretended creditor to usurp the role of the real creditor, imposing upon real creditor and debtor, a form of currency which can only multiply debt in proportion to the circulation, until we succumb to a terminal sum of debt. You remark loosely about the consequences, and lament the failure to correct, when the real cause is so simple and rectifiable, if it weren’t for those who intend to preserve the iniquities of the system so that they can take from it.
The real problem isn’t that we can’t identify this cause or solve it, because I did so thirty years ago. I also provided the first term of the Reagan Administration with computer models which projected that implemented rates of interest and growth would multiply debt in proportion to the circulation until we suffered a terminal sum of debt at approximately 2010 AD.
That was 25 years ago; and those models (which you can still download from our pages and run the same numbers to render the same projections) have accurately projected the accumulation of debt since, merely by replicating the very process the unassenting subjects of the system are required to meet, merely to maintain a vital circulation. That is, to maintain a vital circulation, the models simply borrow back principal and interest paid out of the general circulation, as subsequent sums of debt which of course perpetually increase by ever greater increments of periodic interest on an ever greater sum of debt, until the costs of servicing an eventual, terminal sum of debt exceed the entire circulation. The reason this sum of debt is terminal of course, is that the previous sum of debt already requires all it is possible to pay, and the resultant, terminal sum of debt requires even more ??a cost of servicing debt which is impossible to meet.
Perhaps this sounds familiar. Perhaps in your unique obfuscations of “corrections” and the like, which obviously are not natural phenomena, but imposed, man made consequences of all the unearned taking… perhaps instead you fall among those who intend somehow to perpetuate this purportedly noble crime. If there weren’t so many of the latter obviously, we would have resolved these simple issues thirty years ago, that none of us would have cause to make these remarks.
The real end of an era then is only so certain as the rest of us are ready to account for the obvious. We have but few issues here, and specifically/categorically, those issues are 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 circulation.
As to the latter issue, which of course is the principal cause the present terminal conditions (and irreversible furtherance of those conditions to the worse), what we have to realize is that the producer is the real creditor, because they are forced to take a promise to pay (note) from the debtor. Ordinarily, in a system where the promise can be guaranteed (as in mathematically perfected economy?), the debtor issues their promise, because after all, it *is* *their* promise.
What we have effectively is a third party which intervenes upon this natural relationship, obstructing the debtor from issuing their promise to pay on their paper. This extrinsic party, which produces nothing and yet will eventually and quite injuriously acquire title to all property merely for the resultant obfuscation, merely publishes the promise of the debtor at virtually no cost to the extrinsic party, claiming all the while that the costless promise is equivalent then as it might later be, if we give scope to it, to the wealth we attempt to trade as that form of currency multiplies indebtedness until we succumb to a terminal sum of debt.
The present exercise then is hardly intellectual, because it carefully avoids recognizing these simple facts and their inevitable ramifications.
From the very beginning, the problem was the facades, corruption,, and escalating injustice of the very system which was imposed upon us despite political promises to the contrary. Now we attempt to perpetuate those arguments in favor of preserving the system, hoping for “corrections,” or justice against a stronger tide, sweeping justice away at an inherently escalating rate?
There’s no chance of succeeding there; but of course you can try for “your share” of unearned taking if you promote any of the obvious forms of exploitation without of course declaring that goal. But you’ll still be a wee fish in a tank with an alpha predator which can only grow.
For the rest of us however, the only possible solution is mathematically perfected economy?, because it’s the singular possible 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 circulation ??and because we can transform the present system to mathematically perfected economy? immediately, and without cost.
The only thing which actually stands in the way then, is all the material such as this, which focuses us elsewhere.
Visit http://www.change.gov/page/s/yourvision to pressure the Obama Transition Team to adopt mathematically perfected economy?. I’m aware the president-elect is hiring all the wrong people; but the fact you demanded representation when you could draws the line between the bad guys ??and the rest.
- “What is to be Done?” by Michael Hudson and Jeffrey Sommers, December 13, 2008 (INFORMATION CLEARING HOUSE)
- [?KEY?]??THE PROBLEM IS NOT DEBT!
- [?KEY?]??IF I WERE PRESIDENT ??HOW TO ARREST WORLD WIDE MONETARY COLLAPSE IN A DAY
- SYNOPSIS ??MATHEMATICALLY PERFECTED ECONOMY? REDUCED TO ITS BAREST THREAD
- 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
- WHY DON’T THE DEMOCRATS REVERSE WILSON’S ERROR, AND REPEAL THE FEDERAL RESERVE ACT?
“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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