I would recommend this video before approaching any economics - http://www.zerohedge.com/news/2015-04-04/only-tv-news-report-economy-youll-ever-need - we are being bulled even more spectacularly than this spoof.
On Sunday, 5 April 2015 19:28:09 UTC+1, archytas wrote: > > The answers were put forward more than a century ago. They come down of > positive money or modern monetary theory, with issues anthropology and real > history throw up on "economic rent" and its foul origins in slavery and > blood debts, Some of the necessary ideas are religious in origin, like > jubilee, and were widely practised. > > Definitions of money rarely hold to scrutiny. In most economics money > comes into being to replace less efficient barter systems - but this > particular thought experiment has the problem that two centuries of > anthropology has not produced a single case of this arising in a society, > Most people think governments create money, but this is not the case - > nearly all money arises as debt from private banks, and paper money has a > remarkable connection with war and gambling. > > That money is a convention, potentially replaced tomorrow has been known > at least since Aristotle. It has been widely treated as a neutral > substance in economics, this being so clearly a lie the whole of the > subject falls. > > I can define positive money for you Molly - indeed short reads of web > pages on this and MMT quickly give the positive gist. This will not help > that much, until you work out what you'd want money to be and lend your > voice to the 'revolution'. And one reason to look at existing systems is > to see how wide the network of the parasite has become. > > I'd start with a thousand of us and blank paper. Though there is a Tea - > Ching to refer to. The future memory leads to money controlled by > government of the people and issued to make projects happen. This is > really simple, though like most simple ideas is actually a simplexity. > This is evident on Molly's questions and Don's (or my) thoughts on what > happens 'after the US military umbrella'. Jesuit priests noted they could > buy a woman with a hairgrip in South America - a form of money and its use, > and no doubt a question on the chastity of Jesuit priests. > > "Your earnings, your savings" is itself moot Molly. We've been had by > loads of ideology before we can speak. Money in this becomes a repository > of value and an advantage to you over those without it. And you have made > money something without thinking much about who has it and does not. Does > the current system work at all for most people? > > I'm going to have a very heathen drink to celebrate Don's Easter bunny > tomorrow. My friendly barkeep, not seen for nine months, will demand cash > for beer 100 times its cost at the factory gate. The detailed reality of > such transactions might help us understand more on money. They are, in > fact, always messing with our tangible assets. And most of the time, they > are trying to seize assets in order to rent them back to us. > > Part of the answer is giving thanks to the ancestors who built a lot of > our environment and yet thinking of private property differently. One can > paint the future dream and we should. We need to remember that current > words and meaning may not let us into the new vision. Out of our thousand, > very few will know that governments don't produce money. I think we should > be starting our arguments in 'admitted ignorance'. > > On Sunday, April 5, 2015 at 1:01:50 PM UTC+1, Molly wrote: >> >> It is fascinating to watch the wheels spinning but it would be much more >> inspiring to know there were alternatives, whether as individuals or >> groups.Living with zero debt stabilizes you in a Ponze economy, but your >> earnings and savings are still cut when things go bust after the boom. It >> keeps the concept of money abstract as long as we use it to exchange. What >> is the alternative to that? No tangible assets seem immune from the market >> manipulations. >> >> On Sunday, April 5, 2015 at 3:01:12 AM UTC-4, archytas wrote: >>> >>> The Chinese have already killed about one in nine Tibetans. Russia's >>> capacity for secret police activity spans either side of the USSR. Islam >>> is a religion of peace - ho, ho ho - various practitioners and Jews having >>> shipped about 2 million white slaves in a century or two around the Black >>> Sea. There are no real nice people in history as they never survive to >>> write it. >>> >>> Some think the use of the USD is worth about $30 billion annually to the >>> US. This sounds a lot, but is about 0.2% of GDP. I think money is more >>> deeply criminal than is generally admitted. Given how bent the Chinese and >>> Russians are I have difficulties thinking they can forge a new reserve. >>> The problem is the US is no longer a democracy and neither is Europe. The >>> actual reserve currencies are the USD, Euro and (marginally) the pound >>> sterling. To understand what is going on we need to look at Japan and >>> wider issues in Ponzi economics. >>> >>> The answer is about taking money and assets from the rich and freeing >>> ourselves from paying for work already done. Don may be right on top dog >>> being inevitable, but money, whether Chinese, US or Russian is under the >>> control of an allocation class and everywhere they end up with it clinging >>> to their fingers. >>> >>> The currency wars are fairly well described at Zerohedge and Keiser >>> Report. The real problem is that we have no real USD or pound sterling - >>> money is created as debt by private banks. >>> >>> On Sunday, April 5, 2015 at 5:23:13 AM UTC+1, Don Johnson wrote: >>>> >>>> I thought I'd find reams of information on this new development at the >>>> wsj.com. Barely a blip on the radar. I don't think it matters much. >>>> The US is already marginalized politically and militarily and only time >>>> will tell what effect this will have on the rest of the world. The short >>>> game is ME chaos. I fear for my Zionist brothers and sisters. There will >>>> be >>>> another power presiding over world hegemony in the coming years. It will >>>> be >>>> interesting to see how well Russia, China and Iran treat those under their >>>> thumb. I'm sure they will treat 3rd world countries with the respect they >>>> deserve and never abuse them like the English, French and Americans have. >>>> They're just better human beings then us I'm sure. <-----sarcasm >>>> >>>> Those of you who think there won't be a big cheese are kidding >>>> yourselves. There's always a big cheese. Now we will see just how stinky >>>> the next flavor will be. >>>> >>>> dj >>>> >>>> On Mon, Mar 30, 2015 at 11:34 AM, Chris Jenkins < >>>> [email protected]> wrote: >>>> >>>>> "For years I have regarded that strange subject called "economics" as >>>>> being somewhere on a par with that other strange subject known as >>>>> "theology," and tend to see economists as belonging to the same general >>>>> group as bishops, witch-doctors, mullahs and snake-oil salesmen" >>>>> >>>>> I was exceedingly disappointed when I discovered this was likely the >>>>> case. >>>>> >>>>> On Sun, Mar 29, 2015 at 6:51 PM, frantheman <[email protected]> >>>>> wrote: >>>>> >>>>>> For years I have regarded that strange subject called "economics" as >>>>>> being somewhere on a par with that other strange subject known as >>>>>> "theology," and tend to see economists as belonging to the same general >>>>>> group as bishops, witch-doctors, mullahs and snake-oil salesmen. In >>>>>> their >>>>>> areas of so-called expertise, they regularly get things wrong - and then >>>>>> go >>>>>> on to earn vast amounts as talking heads, retrospectively explaining >>>>>> what >>>>>> they failed to see coming. Carnival fortune-tellers probably have a >>>>>> better >>>>>> record of accuracy. >>>>>> >>>>>> The ghastly thing is that these high priests of mumbo-jumbo have such >>>>>> power and influence. >>>>>> >>>>>> I have some (a very small amount) of sympathy for the Chinese >>>>>> leadership elite - they're riding a very powerful, unpredictable, and >>>>>> very >>>>>> dangerous tiger; trying to modernise and stabilize a population four >>>>>> times >>>>>> the size of the USA, most of whom are still leading a pre-modern peasant >>>>>> existence, the rest of whom are trying to gallop into a materialistic >>>>>> hyper-capitalism as fast as they can. The whole country seems to be >>>>>> living >>>>>> in a state of perpetual high tension. Whether they will succeed without >>>>>> the >>>>>> whole thing exploding around their ears remains an open question. Let's >>>>>> hope they do, for the alternative - China unravelling - would lead to >>>>>> the >>>>>> kind of geo-political instability which would make the Middle East look >>>>>> like a kindergarten squabble. >>>>>> >>>>>> I see the latest moves as part of a long, ongoing process leading to >>>>>> full convertability of the yuan/renminbi. Within the current (lunatic) >>>>>> models which economists and economic commentators use, this can only be >>>>>> seen globally as something positive. While it may have been very >>>>>> convenient >>>>>> for the US to have the dollar as *the *global reserve currency, this >>>>>> has not necessarily been good for the rest of the world. China owns a >>>>>> massive amount of US debt (owing the the trade imbalance between both >>>>>> countries) and are thus terribly vulnerable to changes in US fiscal >>>>>> policy. >>>>>> For the world generally, a basket of around half a dozen reserve >>>>>> currencies >>>>>> (dollar, euro, yuan, Swiss franc, pound sterling, yen) is a much more >>>>>> stable proposition. It would force the major powers to cooperate at a >>>>>> deeper level than they currently do. It would also reduce US hegemony >>>>>> globally, which might just help provide a reality check for the US >>>>>> political elites (particularly those on the right) - though I'm not >>>>>> holding >>>>>> my breath about that. >>>>>> >>>>>> Am Sonntag, 29. März 2015 15:28:24 UTC+2 schrieb Molly: >>>>>>> >>>>>>> The new Chinese bank established with a gold standard is gaining >>>>>>> momentum on the international stage. How will this effect the world >>>>>>> economy? These quotes from Bloomberg: >>>>>>> >>>>>>> *China’s clout has been expanding for decades, as its rapid growth >>>>>>> allowed it to snap up a rising share of the world’s resources, its >>>>>>> exports >>>>>>> penetrated global markets, and its bulging financial assets gave it >>>>>>> power >>>>>>> to make big individual loans and purchases. Now, the creation of >>>>>>> international lending institutions is leveraging that economic >>>>>>> influence >>>>>>> closer to the political and diplomatic arenas, as U.S. allies defy >>>>>>> America >>>>>>> to back China’s initiative.* >>>>>>> >>>>>>> >>>>>>> >>>>>>> *“This is the beginning of a bigger role for China in global >>>>>>> affairs,” said Jim O’Neill, U.K.-based former chief economist at >>>>>>> Goldman >>>>>>> Sachs Group Inc., who coined the term BRICs in 2001 to highlight the >>>>>>> rising >>>>>>> economic power of Brazil, Russia, India and China…* >>>>>>> >>>>>>> >>>>>>> >>>>>>> *Chinese President Xi Jinping’s vision of achieving the same >>>>>>> great-power status enjoyed by the U.S. received a major boost this >>>>>>> month >>>>>>> when the U.K., Germany, France and Italy signed on to the Asian >>>>>>> Infrastructure Investment Bank. The AIIB will have authorized capital >>>>>>> of >>>>>>> $100 billion and starting funds of about $50 billion.* >>>>>>> >>>>>>> >>>>>>> >>>>>>> *Canada is considering joining, which would leave the U.S. and Japan >>>>>>> as the only Group of Seven holdouts as they question the institution’s >>>>>>> governance and environmental standards.* >>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> *China, flush with the world’s biggest foreign-exchange reserves and >>>>>>> anxious to convert them into “soft power”, is building an alternative >>>>>>> architecture. It has proposed not just the AIIB, but a New Development >>>>>>> Bank >>>>>>> with its “BRICS” partners—Brazil, Russia, India and South Africa—and a >>>>>>> Silk >>>>>>> Road development fund to boost “connectivity” with its Central Asian >>>>>>> neighbours…* >>>>>>> >>>>>>> >>>>>>> >>>>>> -- >>>>>> >>>>>> --- >>>>>> You received this message because you are subscribed to the Google >>>>>> Groups ""Minds Eye"" group. >>>>>> To unsubscribe from this group and stop receiving emails from it, >>>>>> send an email to [email protected]. >>>>>> For more options, visit https://groups.google.com/d/optout. >>>>>> >>>>> >>>>> -- >>>>> >>>>> --- >>>>> You received this message because you are subscribed to the Google >>>>> Groups ""Minds Eye"" group. >>>>> To unsubscribe from this group and stop receiving emails from it, send >>>>> an email to [email protected]. >>>>> For more options, visit https://groups.google.com/d/optout. >>>>> >>>> >>>> -- --- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. 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