Showing posts with label public fiat. Show all posts
Showing posts with label public fiat. Show all posts

Sunday, August 16, 2015

"Balanced Fiat?" Translation: People With The MOST Financial Savings Want YOUR Financial Savings "Payed Back" First.

   (Commentary posted by Roger Erickson)

It finally occurred to me what the heck "balanced fiat" actually means.

It's just another divide & conquer technique.

As many have noted, for centuries, there is no such thing as aggregate debt to self.
Individuals can always pay personal debt to self, with more PERSONAL INITIATIVE.

Similarly, aggregates can always pay aggregate debt to aggregate self, with more PUBLIC INITIATIVE, which we call fiat.
In fact, you can say that we denominate Public Initiative with fiat currency.

In purely accounting terms, we have fiat transaction units which we as a nation create and distribute for use in any and all transaction chains, no matter how innovative. In purely accounting jargon that currency creation requires a matching, negative number on some double-entry accounting ledger - which accountants call a deficit. Accountants also call the growing currency supply needed by a growing population - you guessed it - yearly accounting "deficits," and the accumulating public "deficits" a "public debt."

Oooh! Tempests in teapots, you say. Any fool can grasp, when asked, that private financial savings (currency in circulation) has to be equal to public currency creation, minus any currency clawed-back and destroyed via various forms of taxes or penalties by the currency issuer.

And yes, it's pure semantics to insist that nominal accounting terms are something real, and are real yearly deficits and are real, accumulating debt to pay back. They're not.

The only way to pay the nominal (imaginary, purely semantic) national debt is to liquidate all private financial savings.




























So does anyone in their right mind actually want that? Of course not. Yet some people want you to THINK that they do. Why? Simply so that YOU will agree to start liquidating YOUR personal financial savings.

The trick in any game strategy is to get people to START doing something you want them to do, since it will impact them, while never letting it progress to the point of impacting you as well, or at least not as much as it will impact them.

Ever notice that frauds continuously campaign to pay back our nominal debt to ourselves, by "balancing fiat," but we've never quite done it? (Except in 1929 & 1999, triggering serious depressions, for obvious reasons.)

Halting growth of currency supply for even one year - zero public "deficit" - is disastrous. No country I've heard of has ever liquidated all the currency they ever created. Countries disappear from history before they ever get that far. Even banksters don't want to kill our entire nation, since they'd go down with it. They just want to see everyone else suffer, so they can take advantage of the average person. It's truly sick behavior, and downright traitorous.

It's amazing that this many people have been bamboozled for this long!

Ask who campaigns the most for "balanced fiat?" Rich people, that's who. And, of course, their mesmerized lackeys, or hired liars.

Why? So that they - just coincidentally, of course - have added buying power for the transaction units they retain, no matter how briefly, and can therefore trigger forced liquidation of real property at deflated prices.

That's the classic strategy of controlling the money supply, and using that control to cause periodic shortages of "currency."

Why would a rich person want to deplete ALL private savings? They don't, obviously. They only want everyone else to START depleting their private savings. Rich people actually have no intention of ever letting it go so far as depleting their own financial savings. They just want to bankrupt you and your fellow serfs, so that you'll have to give them everything you've got, for pennies on the dollar, just to buy a loaf of bread for your starving baby.

If the root cause of the fear of running out of public fiat is that simple ... how do they get away with it? Divide and conquer is obviously one class of methods. Yet there are obviously 1001 ways or more, and an active war is ongoing, between sociopathic throwbacks, and our emerging aggregate.

However it's executed though, the root desire to hoard fiat while depleting the savings of others is so simple that, like the jitterbug, it plumb abates some sociopaths.

The manufactured Fear of Fiat Deficit takes advantage of an indirect form of personal hoarding behavior, a remnant personal behavior retained from archaic times. That old form of hoarding reflex is slowly being replaced by aggregate selection pressure, resulting in an ongoing transition in hoarding patterns, where we re-purpose personal hoarding instincts, from hoarding of commodity goods (e.g., snails), to hoarding of coordination skills (e.g., army ants).

The result is what we call the evolution of Social Species.

And, of course, the pinnacle of that evolutionary spectrum of social species is Homo Sapiens, the most cooperative species known. Excepting, of course, throwbacks like the Koch Brothers, who will champion any cause whatsoever, if it can later be perverted to their selective advantage. Such people suffer from a type of tic, a Cultural Tourettes Syndrome.

In the case of Koch Industries, they plead guilty to environmental crime in Texas, and then started campaigning for milder sentencing laws. When Koch Industries was caught wilfully poisoning an area with benzene, they
"... admitted that its employees engaged in an orchestrated scheme to conceal the benzene violations from state regulators and the Corpus Christi community.”

“Their advocacy for less draconian drug laws could prove to be a stalking horse for their long-standing efforts to protect corporate criminals and roll back environmental, health and safety laws.”
...

In a plea agreement, the charges were dropped against the four employees.
In Charles Koch’s opinion, the federal case was unjust.
“We had four innocent employees indicted,” he said. “Okay, the company can handle it. Okay, we pay a fine and so on. What’s so upsetting is seeing what it did to them personally and their families.”
You might well ask why nothing was done to Charles Koch & his family. If the guilty employees were "innocent," then he's implying that they were just doing what they were encouraged, or told, to do?

Notice how carefully & casually Koch deflects guilt away from himself and the Control Frauds running upper management, who obviously set the expectations for the behavior of those four employees. Maybe Koch personally ordered the actions taken? That wasn't even examined in the lawsuit.

In this case the same person, Charles Koch has been for excessive prison terms for others, but against them if it might ever get to his own Control Frauds, or himself.

That kind of mind is exactly the kind of mind that can campaign for "balanced fiat."

Calls for "balanced fiat" come from unbalanced minds.

Rational minds won't indict you for realizing that.

We could be doing far more with the capabilities we have. Why waste so much time fooling one another? Our only real goal is operational agility.


Wednesday, April 16, 2014

Do Democrats Usually Get Credit For GOP "Deficits?" While Neither Notes That Co-selection Produces More Than The Sum Of All Their Parts?

   (Commentary posted by Roger Erickson.)

An admittedly zealous Democrat promotes his party and skewers the GOP.




They're Not Even Close? The Democratic vs. Republican Economic Records, 1910-2010

His many graphs sure seem to support his claim ..... except that his thesis founders on this sentence:

"Democrats Reduce, Republicans Increase, Government Deficits [= Public Fiat = Public Initiative]"

(My additions, in brackets.)

:) Makes you wonder whether Dems always get credit for GOP "deficits!"

And vice versa, whether GOP gets blamed for DNP austerity? :) LOL!

While neither group knows "Whiskey, Tango, Foxtrot" is really going on? :(

Two moronic processes captured in each other's orbit, neither noticing that the sum of their orbital interactions produces sparks of group intelligence?

They need outside observers to even see the sum of themselves. No wonder oligarchs usually wield the keys to every Democracy. It's usually a basic matter of perspectives in gridlock, & therefore easy prey for transistor-like "control" signals, no matter how weak in & of themselves?

Any discussion of conservatism ought to include questions about what, exactly, it is that they're trying to conserve.

If it's adaptive rate, then there's no fight between conservatives & progressives. The latter generate diversity, and the former help select additions from it, continuously.

Co-selection produces more than the sum of both parts?

(Thanks to Prof. Brad Lewis of Union College, for excellent discussion, leading to this train of thought.)


Monday, March 24, 2014

Currency Is Simply NOT That Complicated, That We Must Pay A Small # Of People Enormous Tribute Just To Keep Everyone Else From Denominating All Waiting Transactions

 (Commentary posted by Roger Erickson)



Take OpenSource Software, ..... please!

Here's just one of many examples.
Countries Save $149 Million with OpenSourse HR Software
(hat tip Peter Groen)
Do babus know about this? :)

The Taliban are probably already using it :( Not to mention the Comrades behind the Noodle Curtain.

Some may immediately ask what the connection is between OpenSource Software and public fiat currency. Go ahead and struggle. Someday you'll understand. For the good of mankind, let's hope that that day comes sooner rather than later.

This is so repetitively boring, to see so many people struggle this much over things this trivial. It's as though no one except physics students ever learns the slightest implication of thermodynamics. Then those dullards call physicists arrogant! Go figure.

You want to see dull arrogance? Watch Comrades & Capitalists argue over whose Public Initiative exchange rate is held "artificially low." Might as well bring back the Tsar & King Louie to discuss the relative value of Russian & French serfs.

What do you suppose it would take to have an OpenSource REAL WorldBank?

Say, a WFTAF - "World Franc Talk About publicFiat" - agency? :) Anyone want to start one?

And an IMIF too? (International Monetary Infinite publicFiat)

Bitcoins you say? The most laughable thing about BitCoins is that the dullards trying to design the early versions have immediately complicated transaction denomination with a "stable store of value." Classic mistake by those too slow to think. As usual, someone immediately "steals all the fiat." Doh! Why not just let any & all domestic merchants/accountants/consumers link triple-entry credits to all products and services? Why, that would be just like a real fiat currency! Wotta thought.

Currency is simply NOT that complicated, that we must continuously pay a small # of people an overwhelmingly dominant tribute just to keep everyone else from denominating all waiting transactions!

Just how slow witted, meek & submissive ARE the bulk of non-physics/mathematics/systems slow-thinkers, that they cannot more quickly grasp the difference between dynamic and static systems? And why are we beating ONLY static-value concepts into the heads of all students and citizens, while beating out any natural appreciation for dynamic-value.

And, all while complaining that we no longer have agile policy?

You have to stare in slack-jawed wonder at the distributed ignorance! Especially among all those who got PhD's in orthodox economics!!! There's no explaining it.

OpenSource Thinking. Is there a rate-limiting tax on that too?


Friday, December 20, 2013

Everything Must Go? Including Students, Population ... and Sovereign Future?

   (Commentary posted by Roger Erickson)



Portugal vows quick budget action after court block

This reminds me of the Bill Black Conundrum.

Every country's Fx rate will be above average,
..Every country will be a net exporter,
Everyone's fiat will be "balanced" ...
.... and now ..... everyone's S&P Rating will be below average!


Just be sure to add students, pesky electorates and national futures to the list of exports. :( Then sit back and enjoy the mosquitos in Swamp WeBeGoners.

If our current mentality keeps up, the same will happen here, voluntarily!

It's either austerity or sovereign culture.

Which will go? Neither, without a fight, it seems. A war between "international creditor" parasites and local populations. Which of them, in every nation, will win the battle to own that nation, and it's citizens?

This excerpt [re Portugal] says it all.
Portugal's prime minister vowed on Friday to find alternatives "as quickly as possible" to a key austerity measure in its 2014 budget that was blocked he previous day by the country's top court. 
Pedro Passos Coelho told reporters on the sidelines of a European leaders' summit in Brussels that they would scramble to find a "new, durable and efficient measure" that would "satisfy the objectives fixed by the international creditors" of the country. 
Can't some of Portugal's objectives be FIXED by their own citizens? Must they stoop to selling citizens to pay international banksters just to denominate their own, internal fiat? The semantic tricks involved in this are insane.
"I will do everything possible to end the climate of uncertainty created by this situation,"
That's what he said at a news conference.

Exactly which uncertainty is he talking about?

The uncertainty as to whether Portugal will retain any semblance of sovereign independence? 

Or the uncertainty as to exactly when the banksters can exercise ownership to Portugal itself, through a hostile take over .. er, outright theft?
The court case was a major blow to the bailed-out country and came just three days after international auditors from the European Commission, International Monetary Fund and European Central Bank had given Lisbon the all-clear on the terms of its 78-billion-euro ($104-billion) aid package.
Apparently, no one told the Portuguese court that public fiat was supposed to go to Portuguese citizens, not to foreign banksters.
The cuts were a key plank of the government's target of bringing the public deficit down to 4.0 percent of output next year and the government must now find the savings elsewhere.
Must? Who's threatening them? The dreaded TINA? They still have the option of deposing Empress TINA and nationalizing their own liquidity units. And they'll pay for an escalating tax on output by REDUCING output? Can somebody find a semblance of sanity in this?

Or, they could at least give the ECB & Euro Parliament an ultimatum. Scrap the arbitrary local budgetary caps, and let all currency creation return to sovereign management of national fiat. Or, how about something equally mundane, but at least democratic: insist on a Universal Employment Guarantee for all citizens in every EMU member country, with the same Minimum Living Standards for all. 

If they want their nations to survive as credible contributors to their favorite toy, NATO, then something more sane than gutting Portugal seems like the simplest, rational step. If we in the USA don't speak out now, this roll-up strategy will reach our doors too, by hook or by crooks.