We've become captives of our own guard dogs? Here's another example.
April 29-30, 2013 | International Finance Corporation | Washington, D.C.
Fascinating conference. So why on earth is it hosted by the International Finance Corporation? Why, instead, isn't the IFC a cheap office in the basement of some farmhouse? Why are fiat currency financiers present on so many of the panels? The fiat counters are directing the sources of fiat? It makes my head spin. Isn't that perverting the very definition of fiat?
Ok, here's my question, again: Why does an industry that is more trouble than it's worth, have so much parasitic, constraining influence over all the real industries????
Just how backwards do we have EVERYTHING? 180 degrees?
Yes.
A retired GOP Senator recently let slip a remarkably simple truth, at a not-for-attribution DC meeting. When asked how we'd square national security needs with the need to balance the national budget he blurted out: "The [national] budget debate is a cop-out."
He then went on to say that we'd do things the way we'd always done things. "We [in Congress] listen, and then decide what needs to be done. Then we Appropriate the funding to do it. End of story."
Amazingly, there wasn't a word of response said in the conference. No one asked any further budget questions, and so the topic was just ignored ... waiting for the next Deficit Terrorist to bring it up again, at a personally profitable time.
You rarely hear this discussed in the press, but regardless of the BS spewed during political campaigns, the experienced Congresspeople sitting on Appropriations Committees know how things actually work. They just go on deciding what needs to be done, and generating national currency as an automatic consequence, where the currency is just one bit of the data thrown off by the real activities taking place. Try imagining fiat currency as the "heat signature" of reality. It's an incidental consequence, not the initiating causality.
Our electorate and press - and seemingly half our politicians - don't seem to bother defining the very words they themselves use. It's no wonder that so much non-sense comes out of their mouths. Let's go back to basics. A "fiat" currency is one that is automatically generated to denominate the outcomes of any and all group decisions, NOT the opposite.
Our electorate and press - and seemingly half our politicians - don't seem to bother defining the very words they themselves use. It's no wonder that so much non-sense comes out of their mouths. Let's go back to basics. A "fiat" currency is one that is automatically generated to denominate the outcomes of any and all group decisions, NOT the opposite.
The whole point of a fiat currency is to NEVER let economic tactics or policy be constrained by a lack of liquidity. If a given transaction type is allowed by consensus to occur, then liquidity is guaranteed by the full faith and will of the electorate. That's what a fiat currency does. Summarized, it vastly improves national agility. The simple reality is that every part and parcel of the "Finance Industry" is simply an ex post accounting service, that is created and constantly enlarged by our distributed and aggregate REAL activities.
It's as though the finance industry were photographers which we have assigned to document and assemble accurate records of our own, adaptive actions. They are there as messenger-boys, to carry feedback, not to own the people generating the feedback. We own our own feedback, and it must be visible to all, so that all can assist in directing increasingly distributed coordination.
When does a documentary crew transition into owners and directors of an unused movie set? When the real electorate followed by the cameras gets drunk and are found passed out on the curb? Forgetting to generate their own goals, the hapless real people are - temporarily? - "replaced" by "actors" who then act out fantasies - directed by the cameramen - unconnected to the real operations that used to unfold on the ground! The entire Finance Industry is all form, waiting for national function to wake out of it's stupor!
Left unchecked, photography crews in such settings eventually think that THEY dictate reality, instead of them dutifully documenting civic fiat. What's wrong with that kind of motion picture? It soon stops moving in any adaptive direction, since it is directed by random fantasy that is Unnatural rather than being grounded in Natural Selection.
It's your set, America. Start acting like an owner again. Impose your fiat on the financial guard dogs. Start with a muzzle. And downsize the dog house to be smaller than your house.
Better yet, automate the Automatic Fiat accounting functions to a mobile phone app. Then we won't need acting crooks reversing the causality of "God's work," only the occasional electronic bug. Can you imagine a day when a virtual text message is sent to Congress, warning that if unlimited amounts of fiat currency aren't ceded to a cell-phone app, that the entire edifice of human culture will come to an end? Where would the cellphones store all that fiat, and what would they do with it? Mock themselves with addictive, Angry Turds games? And why?
Hopefully, Congress in such an instance wouldn't even blink, and instead would respond to the irritation by simply uploading a replacement operating system for their phones, or maybe just an upgraded app. [Say, why haven't WE just replaced ALL of Wall St.?]
Seriously. The entire Federal Reserve - not to mention Wall St., can be reduced to a Fiat App - tomorrow - and no one but a few megalomaniacs in accounting offices would notice. The rest of us would stumble out of a depressing movie and feel free to direct our own imagination towards speedily solving real national challenges. Then, of course, we could also instantly have full-employment, and get on with our entire nation doing the real work that will make our dreams come true.
Reality. It's more appropriate than acting out random economic delusions.
Reality. It's more appropriate than acting out random economic delusions.
