On real money, alternatives, pure credit, common wealth, social games, etc.

FYI: Your suggestions for upgrading this page are welcome.

NOTE: The following links take you to text, pictures, animation, and video content that enable realistic thinking, discussion, and assessment of the current problem, the solution, and options (though some links in # 1 are broken or no longer supported).

1. https://fcserver.nvnet.org/~cooper_j/money/resource.html
2. http://www.youtube.com/watch?v=1FiaUpeJxcA (fantastic condensed history of the dollar)
3. http://www.youtube.com/watch?v=swkq2E8mswI (The Secrets of Oz documentary ***** 5 Stars)
4. http://www.youtube.com/watch?v=2MubekP6-TM (the rise & fall of the dollar, re: history & trends)
5. http://www.youtube.com/watch?v=11KzSmXIxDg&feature=related (great explanations: derivatives & currency & instability) ***** !
6. What is Money & Why Does it Matter?  http://www.youtube.com/watch?v=GoF7BizBDRw (maybe the best, quick Big Picture view of the REAL Deal, by Felix Martin ****
7. A great interview on all the related realities:  http://www.youtube.com/watch?v=BAPwEVM-yXY&feature=youtu.be *****
8. http://www.youtube.com/watch?v=Z3YIcksBRhI&feature=related (more great sanity from the amazing Gillian Tett) ***** !
9. The Ascent of Money Wikipedia page & links: href=”http://en.wikipedia.org/wiki/The_Ascent_of_Money”>http://en.wikipedia.org/wiki/The_Ascent_of_Money
10. How to DO a Gifting Culture here NOW: http://www.huffingtonpost.com/2014/02/04/adrian-hoppel-gift-economy_n_4702459.html *****
11. http://mm-greenbook.blogspot.com/p/awareness-value.html

The above link list is a Best of The Web collection of great resources on the reality of alternative currency & credit systems, money, banking, and the modern market economy that make it easier to See the hows & why of our current mess. They also make it easy to grasp the essence & importance of the content at link at link # 11, “Awareness & Value.” Link # 10 is a great overview of the real scope of the problem, a great 1:15 hour interview.

FYI:  The importance, brilliance, and humanity of Gillian Tett’s accomplishments & presentation are impossible to over value. Deepest appreciation & highest kudos to her and her noble, compassionate integrity. I hereby award Ms. Tett Gc.999,999 Green Credit units for her magnificent contributions to humanity, culture, and the quality of life.

PS: Tett’s work confirms the theorem that arrogance & greed breed ignorance & stupidity — to the extent that systemic tunnel vision & denial driven by greed & fear & corruption can & usually does present itself as a massive diabolical conspiracy.

Green Credit Essentials Excerpts from “Awareness & Value:  reen economics and natural values” by Michael Monterey

©2011 – 2014 Michael Lucas Monterey

“Everything must be made as simple as possible, but not simpler.” – Albert Einstein

“Whoever controls the food supply can control the people. Those who control energy can control continents. Those who control money can control the world.” – Henry Kissinger

When asked what he thought of the Federal Reserve system, President Harry Truman answered, “Well, I guess it’s like having foxes run the hen house because they have lots of experience inside.”

Why do so many people trust Federal Reserve debt-dollars? The Fed’s debt “money” is actually not money. It is not convenient for all, only for the few who manipulate it. It is parasitic, immoral, anti-ethical, and anti-green. Only trust enforced by fear and greed keeps the Fed’s debt-dollars circulating. That trust comes with a high price. The Fed’s “dollars” are a kind of toxic derivative, a micro-CDO (collateralized debt obligation), a financial commodity enabling exponential erosion of positive cultural value, with proportional debt and destruction. As they generate ever bigger score for the Big Winners and ever lower score (poverty) for the losers, Fed bucks suppress cultural and economic activity and growth. Debt currency doomed by compound interest and .

The best reason to think that a community-based, nonprofit credit system will work is because the Federal Reserve system’s destructive debt-dollars are still in use, globally and locally. If we want a lively culture with a lively economy and modest affluence for all, we need a new game that over 80% of us can play successfully. That means having our cultural pie back and not letting anyone steal it or poison it. Instead of a commercial economic system that exists for the sake of competing and winning, working and/or playing and/or cheating with symbolic units of symbolic wealth, we need a cultural economy with a nonprofit credit system that fosters creative cooperation for the sake of healthy value, greater flow (affluence), and cultural richness, for the sake of healthy children, elders, families, and communities.

How can any kind of credit be green? Green means thriving in harmony while fostering the ability of all generations to do so as well. Green economics is what we do with each other to enhance the quality of life.

Plutonomy, the negative economics of plutocracy, is what psychopaths do to each other and us, without compassion, no empathy, no conscience nor consideration of the consequences for all generations.

Green Credit is a modern version of the Gifting Economy our ancient ancestors used long before anyone thought of using symbolic tokens for exchange. Pure giving and receiving are about sharing, caring, relatedness, and positive value, not numbers, units, score, and winning. Green Credit is like the millennial “Suq” system used in town markets of the Middle East and Asia (no fixed “prices”) combined with the nonprofit economics of Star Trek (no for-profit currency, no destructive debt, and no financial manipulation).

In the healthy culture of the future, credit is awarded in appreciation and recognition of valuable contributions to culture and life, i.e., positive, constructive, creative, or beneficial thoughts, words, and deeds. We are creatures of habit and of our paradigm — the matrix of notions, definitions, and assumptions determining our habits and/or distorting our interpretations of experience. An unthinkable alternative missed for 5,000 years may seem impossible, yet a Green Community Credit System (GCCS) will do what no local currency or alternative monetary system can achieve. Locally, regionally, and globally, the GCCS network will support and sustain a cure for the cause and effects of the negative socioeconomic system. But why not trust an existing local currency system instead of a new nonprofit community credit system?

Without counter-balancing and counter-acting the corporate monetary system and its underlying mechanics of for-profit debt, there is no escaping the effects. Unlike local currencies, Fed bucks are accepted and usable almost everywhere. Fed bucks have no positive, intrinsic value, and they destroy the basis of money, stability, and real equity by undermining cultural values and the intrinsic value of natural goods and benefits. So, if Fed bucks (and subsidiary currencies) “work” for personal and commercial exchange, then pure credit will work better.

As the failure of the parasitic debt-based financial system gets worse, green community credit will grow stronger. As the official currency systems of the global financial cartel go on faltering, inflating, deflating, and failing to serve as stable media of fair exchange, local currencies will become more vulnerable. Why?

Making currency a debt-based commodity for gambling (speculative “trading”) destroyed its value, and validity, its stability and the sustainability of the industrial-financial world system. As long as local currencies are linked — directly or indirectly — to the corrupt socioeconomic paradigm of the Fed and Wall Street’s Pump & Dump (“bubble economy”) game, communities will suffer consequences. Even local currencies denominated in units of time still depend on false notions of relative value based on negative economics tied to dominant national debt currencies. Accepting and supporting the Bankster Cartel’s corrupt socioeconomic paradigm, even unwittingly, make’s local currency users vulnerable  to the consequences of major crashes.

In this era of ruthless financialism, the only way to sustain thriving, growing local economies is with an expansive community-based credit network, free of the negative socioeconomic paradigm and the perverted financial system of the corporate plutocracy. Key advantages that make nonprofit community credit superior:

• it is a non-taxable instrument of public benefit
• it is a not-for-profit (nontaxable) community service
• it is interest-free, free of exponential systemic losses
• it is free of inflation, deflation & cyclic disaster
• it grows stronger if the global financial system collapses
• it provides a sustaining alternative to bogus debt-bucks
• it exists for lively culture, not scoring or hoarding
• it is not more important than life, nature, children, etc.
• it is not a commodity, not material, not limited

GCCS Startup Issues

“If at first the idea is not absurd, then there is no hope for it.” – Albert Einstein

Green Credit will give us back our sustainable pie of cultural wealth for all, locally and regionally. Yet, how does a nonprofit credit system work, and how do we start?

1. In practice, a regional pure credit network and a local alternative currency are equally convenient, unless you want to travel outside your town or what you want requires something else. Both systems use symbolic units enabling accounting and exchange of goods and services. Both are forms of credit (usable by credit unions or banks), but pure credit needs no link to debt-based currencies. Thus, pure credit suffers no retarding factors, no startup lag or ongoing limitation and suppression of flow due to mainstream financial decline or bad monetary policy.

2.  In most alternative currency startups, users “buy” currency units with “scarce” debt-dollars. “Monetary” scarcity is a degrading negative fiction. Pure green credits are issued into circulation as gifts or grants or rewards or in exchange in direct proportion to real contributions to cultural activity and growth. Issuing Green Credits in proportion to actual value creation and the flow of exchange eliminates inflation and deflation. Freeing credit and exchange from bondage to bogus theory, corrupt government agencies (the US Treasury), and for-profit currency (and compound interest) liberates local economies from the boundless growth of poverty.

3. Merchants, restaurants, service providers, and professionals can start using Green Credits almost as if they were promo premiums or discount coupons, but without loss (like coupons). Green Credits always sustain value for ongoing flow (circulation).

4. Green Credit can be introduced and used by co-ops, associations, musicians, artists, online gamers, Youtube users and activist groups.

5. As ever more businesses use Green Credit and ever more people ask Facebook, Youtube, eBay, Amazon, etc., to support the “Green Award Star” system (instead of or in addition to Like/Unlike “thumbs”), the system will become more useful and convenient, globally.

6. Online transactions with Green Credit units will function much like exchanges with virtual Fed dollars in cyberspace (now accounting for about 90% of all “money” accounted as “existing” in the international Plutonomy game).

7. Like some relatively stable local currencies (Google: “Ithaca Hours” local currency credit union loans), Green Credits can be used to fund business development, construction, etc., and to keep Credit Unions from failing. Checks, receipts, and smart cards can be used to exchange Green Credits for goods and services. Green Credits can be awarded as gifts and grants, or invested via email (or GCCS enabled websites), social networks, and systems like Paypal.

8. Once Green Credits are commonly accepted, any business, government agency, school, hospital, clinic, or NGO can use them for full or partial alternatives to Fed-dollar expenditures. For converting the many virtual e-currencies online, Green Credits will serve as a stable medium of exchange for individuals, businesses — even banks — and governments.

9. Green Credits can be used as a tax-free, bond-free (debt-free) way to “fund” public works and community development projects. 10. The GCCS network will grow organically — from town & city, bioregional, tribal, and state to national level community development associations — via a Global Community Development Alliance (GCDA) network of sponsoring community level NGOs.

Green Math

“One cannot solve a problem with the same level of thinking that created it in the first place.” – Albert Einstein

According to Einstein, anyone who can’t explain something to a six year old doesn’t understand it. The theory of green credit (including the Golden Rule of ethics) can be distilled to that level of simplicity but, to generalize the complexity with real world analogies, we need valid definitions, congruent narratives and logical mathematical statements.

For dealing with government officials, academics, accountants and others who doubt the viability of pure community credit, the following equations provide sustainable backup. Equations 2, 4, 8 & 10 explain the Problem and eq’s. 5, 7, 11 & 12 show the way to real Recovery. A few introductory definitions are provided for easy absorption.

Example A:  P = d^8 and W = g^7 • a^a

Translation:  The “P” is for poverty, the “d^8” stands for debt, deficiency, deprivation, depreciation, dysvalue, disrespect, dormancy, and destruction. “W” means wealth, the “g^7” stands for good, grace, generosity, giving, gratitude, gladness, and greatness. The “a^a” represents appreciative awareness. It can be defined differently but, in reality, wealth without g^7•a^a is biologically, culturally, and spiritually worthless or worse. Naturally, there are other ways to simplify the realities of credit and cultural economy.

Equation 1:  V = Bi • a(s + o)

Economics, as in the equation above, starts with the principle of value (“V’), which is a result of the interaction of intrinsic benefit (“Bi”) and appreciation (“a”), realized as subject (“s”) united with object (“o”). In other words, value is a product of the enjoyment of awareness and presence, or being, experienced as life, the original benefit. Failure to appreciate life and real value is ultimate poverty.

Eq. 2: Hpg P N/t > 0/t • Iat P N/t = U^2/t

Where human population growth (“Hpg”) is equal to or greater than “N/t” (actual number per year) greater than zero per year (“0/t”), multiplied by implementations of automation technology (“Iat”) equaling or greater than N/t (greater than “0/t”), human unemployment increases as the  squared product per year (“U^2/t”), for exponential job loss. With all other causes and factors left unchanged (status quo), that equation reflects the core of the Plutocratic Structural Formula for Geometric Decline: global socioeconomic disaster.

Eq. 3.a:  C^i = V + ts where B + (cv)E or A + D – VB – C(cts) – E = P^i

Infinite credit equals value plus sustainable trust, where benefit plus viable currency times equity equals affluence; and debt minus value times benefit minus credit, currency, trust, and sustainability, and minus equity, equals infinite poverty, i.e., total collapse of an economy and/or its monetary system. Therefore…

Eq. 3.b:  C, credit, does not equal D, debt; or V(A + cm) – Es = P …

Value is not affluence and manipulated currency (corrupted “money”) minus sustainable equity for all (equitable sustainability). To recap, credit equals value plus sustainable trust and substantial benefit (not debt). Value is not affluence plus manipulated currency (corrupted money) minus equitable sustainability. Eliminating beneficial value and sustainable equity creates disvalue and infinite poverty, inevitably; and so…

Eq. 4.a: P^i = A + Dm – Ev(ts)VB and, thus… Eq. 4.b: –V + A – C(cm + D) – E = P

Infinite poverty equals affluence and manipulated (mandatory) debt, minus viable equity, sustainable trust, and valuable benefit. Infinite poverty and monetary affluence coexist because mandatory debt erodes equity and sustainable trust, destroying valuable benefit. Value and affluence are nullified as credit is subverted by currency manipulation, as destructive debt eliminates equity (fair shares & fair exchange). Value and affluence are unsustainable when credit is subverted to pervert the economy with for-profit currency and interest bearing loans for a corrupt banking system.

Eq. 5: CV + c – (mD) = Wgs Credit (C) empowered by value (V), plus currency (c), minus mandated manipulation (m) of debt (D), provides sustainable growth of wealth (Wgs).

Eq. 6.a: C^i = V + ts where B + (vc)E = A and eq. 6.b: D – VB – C(cts) – E = P^i

Infinite credit equals value plus sustainable trust, where benefit plus viable currency times equity equals affluence; and debt minus value times benefit minus credit times currency, trust, and sustainability, without equity, equals infinite poverty.

Eq. 7:  VE + BC – (DP + mc) = A^i(vt + s)

“V” (value) of “E” (equity), plus “B” (benefit) times “C” (credit), minus “D” (debt) times “P” (poverty) and “m” (manipulation) of “c” (currency) equals “A^i” (infinite affluence) times “v” (viability), times “t” (trust) plus “s” (sustainability). Equation 7 is the core of the formula for socioeconomic recovery and success that lasts as long as we sustain equity, benefit, and nonprofit credit.

Eq. 8:  C^c + (–E–V) – Bg = P^i C^c

Concentration of credit + the disequity of dysvalue – Bg (general benefit), creates infinite poverty, increasingly, proportionally, structurally. When the unlimited spiritual poverty (and lack of ethical integrity) of a minority undermines fairness and intrinsic value to deprive the majority of benefit, a lose-lose result is assured. Nature guarantees the yin-yang relativity of spiritual poverty and “material” poverty. Letting evil rule society is a a bad bet on a no win scenario.

Eq. 9: QoL^i = BV^i + A(Ev + s) = W

Where QoL^i is pervasively optimal quality of life, the benefit of value is infinite and affluence is viable, equitable and sustainable, the optimal state of wealth (“W”).

Eq. 10: SoL = BV + Amc +/–(Evt + s) :: +/–QoL +/–vt < P^i

SoL is some standard of living, and the benefit of value plus affluence is mediated with manipulated currency (with or without viable equity, trust, and sustainability) leads to variable QoL. Variable viability and volatility cause decreasing trust, a negative trend toward general poverty.

Eq. 11: SoL^i = VE + BC – (DP + mc) :: A^i • v(t + s) = QoL^i

Where the general standard of living reaches optimal value of equity plus benefit times credit (minus debt times poverty and manipulation of currency), that sustains infinite affluence with viable trust and sustainability, equaling optimal quality of life for all. So… 

Eq. 12.a: SoL = W if and only if W = QoL^i and thus eq. 12.b: SoL^i = A(B + p)s = W^i

Optimal standard of living = Affluence X Benefit + potential X sustainability = Wealth for all.

:: :: ::

“Occupation: Meandering Along Being Rich”

This is a compilation of posts, online RWE/ARE dialogues on critical issues that bring our complex crisis into focus…

RWER Blog post: Meandering Along, Going Nowhere > from Peter Radford’s “Occupation: Blundering Along Being Rich”

“Meandering Along, Going Nowhere > from Peter Radford:

“Who knew that interesting times could be so dull? All the dangerous excitement of our great crisis and the exhilaration of erstwhile recovery has given way to an enervating nothingness.

We are meandering along going nowhere. Deliberately.

[And] that is both infuriating and frustrating, because it need not be this way. The incompetence that flourishes in Washington is matched only by the cussed and cowardly way in which the politicians there have stalled any, and all, serious attempts at saving us from stagnation.

Even some of our more hardened and grizzled political players are now opening up about their fears. Bill Gates, a loyal Republican appointee retained by Obama as a bi-partisan token, apparently quivers when he considers the deep divisions and ineptitude that pass for governance in contemporary America.

We may be doomed; doomed for refusing resolution to all the division. The clash of ideologies is now crippling. The crescendo of right wing radicalism has reached its peak as the attempt to roll back the New Deal and Great Society has spiked to fever pitch. The right senses the immediacy of this crisis. The mess created by our binge of debt and the extraordinary stupidity and greed of our banks has opened an opportunity to fulfill every right winger’s dream:  smash social programs and let every citizen fight for themselves. This they call individual freedom. It will devolve further into plutocracy. It always does. Which is why our ancestors fought so hard to establish a democratic system to offset the concentration of power and wealth that inevitably accompanies unfettered capitalism.

“This right wing revolution will meet its end in the appetite that ordinary Americans have for the social programs the right so hates. Up until now the right has had the sense to avoid broaching the topic. It knew full well that running openly in opposition to such popular programs was suicidal politics. So they learned to wrap their goals, Russian doll like, within more palatable policies. Tax cuts designed to unbalance the budget were sold as returning tax payer money; voucher programs with low caps were sold as introducing choice; and now the great recession has opened the door to the ultimate weapon: we can no longer afford those programs, just look at the debt we are piling up.”

“Mixed in this brew is a melange of social issue politics such as anti-abortion and anti-science movements, coupled with a resurgence of extreme religion with its own toxic blend of intolerance, paternalism, and rigid adherence to archaic interpretations of religious books. It is this melange that provides the Right with the fervor and righteousness typical throughout history of people filled with the certitude of faith. It is anti-modern. It is anti-rational. It is powerfully intoxicating.

“And it is undermining America because, like all faith driven movements, it is uncompromising. Why compromise when you are completely certain you are right?

“Instead you obstruct. You wear down the opposition. You exploit the opposition’s willingness to compromise. You proselytize. You convert followers to the true path. You prevent debate. You destroy and attack ideas that do not conform to your faith. You demonize the other. You stall. You delay. You create facts to support your case. You ignore or debase facts that deny your truths. Fervently. Absolutely. Relentlessly.

“When marshaled along these lines even a small group can grind as large a nation as America to a halt. Especially if the majority remains complacent or ignorant of your intent. “It would help, I suppose, were there reservoirs of ideas untainted by these divisions. Then the majority could call experts into play to refute and ridicule the zealots. But, nowadays, the experts are all riven through by the same deep divisions. Society has no elite to call upon to resolve the conflict. Indeed the elite is caught up in the storm. It contributes to the division.

“This is why modern economics has become so irrelevant. It is not a body of knowledge with enduring social value capable of being neutral, objective, or sanitized of ideology. Far from it. It is socially constructed. It is political to its core. It is an adjunct to the divisions and is called into play as a bulwark against compromise. Economists provide expert witnesses for both sides in every fight. Its contradictions laid bare modern economics wriggles to find some coherence, but surrenders any hope of being stable enough to stand against the onrush of ideology.

“Deficits are either good or bad. Government intervention is either helpful or a hindrance. Markets are either perfect of imperfect. Trade is either beneficial or harmful. Consumers are hyper rational despite the evidence. Centralization is a curse despite its pervasive stranglehold on business. The list goes on until it reaches such absurdity that it vectors into a kind of ‘whatever-you-want-it-to-be’ neverland so distant that the phrase snake oil doesn’t seem to do it justice. Its great virtue is that it can be sold to anyone of any political stripe. Somewhere within economics there is a strand or an idea that suits every antagonist.

“Yet it absorbs the lives of a great number of bright and well meaning people. They, like society at large, are meandering along going nowhere. They persist. They endure. They research. They write. They publish. They argue. They resolve nothing.

“Economics is currently embroiled in a re-hashing of arguments last held at this same pitch during the 1930’s. In many ways the two eras have an almost eery resemblance. But there is a great difference. Back then the combatants were titans: Hayek, Keynes, Schumpeter, Fisher and the others still stand as major figures and contributors to the development of economics. Today we have no equivalent people. Instead we have extraordinarily gifted pupils of those figures. We have people who interpret seminal books, but do not write them. We have updated and modified versions of those alternative theories. We have had to resort to brushing off those seven decade old ideas because in the interim we produced nothing of similar stature.

“We have meandered and gone nowhere.

“So just at a moment when economics is in the limelight. Just when society calls upon the discipline for help. Just when its value should be stark. Just at its moment of greatest relevance, economics fumbles. It dropped the ball along the way. It became so self referential that most dialog within the academy seems utterly divorced from its putative subject matter. Technical virtuosity substituted for insight into actual economies. The chimera of rationality was too powerful to be ignored, and the demon of uncertainty was too complex to tackle.

“When we visit doctors we expect them to do no harm. When we enlist an economist we have no such assurance. None. Instead we are exposed to opinion. Educated, yes. Informed, certainly. But opinion nonetheless. Economic ‘truths’, it turns out, are in the eye of the beholder. Economics is an art. And like all art it reflects and holds a mirror up to the society within which it is created. It can be interpreted. It can be controversial. It can be contradictory. It can be vulgar. It can be inspiring. It can even be beautiful. But it always contextual. It is deeply embedded within the social and political swirl that it tries to illuminate, justify, or explain.

“Contemporary economics is thus like our economy and our society. It is meandering along going nowhere.

“And that, I doubt, is of much help to the unemployed workers whose lives have been disrupted and potentially permanently diminished by the failure of the ideas that dominated policy over the past three decades.

“It’s time to progress once more.”

> Comment A: on Peter Radford’s “Meandering Along Going Nowhere”  – “Peter, Thanks again for such a cogent review of the symptoms and, mainly, the secondary or subsidiary causes. And, yes, indeed, it is high time for progress, though when there was ever any real or pure progress I haven’t a clue. The whole history of money, fractional reserve banking, and “financialism” is tainted with delusion and corruption. However, not only do we need not fester in our vast cesspool of psychosocial demon pyuke, we need not think we are doomed to wait on the bewildered Pols & mini-Titans of the Plutocracy. It seems to me that you, Peter, and Jamie Morgan, Paul Ormerod, Dave Taylor, Alice & a few truly noble denizens of this RWE side of The Looking Glass are just about ready to begin some real progress, possibly for the first time since the vast majority of folks become totally confused about money, value, credit, wealth, ethics, corruption, etc. If any of you can explain why we should not simply start the future of civilization & economics with a totally new system of credit and positive, biocentric values, please do so ASAP. Another big issue of concern to non-specialists [who monitor & understand the scientific data] is the immeasurably progressive acceleration of polar meltdown & radical climate change. We need to start the new counter-economy ASAP. If the changes depicted in the most plausible global disaster scenarios were stretched out over the next 28 years, if we keep failing to prepare and muddle along without making the necessary changes, then the consequences will surely be horrific. As I’ve reminded us elsewhere, FEMA & the Pentagon & the World Bank have known that 70% of humanity lives in high risk disaster zones (mainly coastal). If we do not instigate a new, nonprofit, green credit system, from the grassroots & community co-op level, then as you have observed, Peter, there will be no timely response for mobilizing & allocating & managing the dormant human capital & expertise quickly enough to save civilization as we know it. Those of us old enough to witness & understand the negative changes over the last 50 years know that mass-delusion & destructive sociopathic trends are as real as the physical phenomena that have progressively degraded and poisoned the biosphere during that time. Pictures of the Earth’s vanishing glaciers & ice-caps don’t lie, nor do the scientists discovering the ways & means & culprits. We can start the new unmoney, pure credit RW economy right NOW. Then all you folks who want to focus mainly on your chosen field of concentration will have some real work to do. If a totally bogus Plutonomy Game is identical to a valid, viable economy, then I am wrong. Would anyone like to prove me wrong or does it make more sense to reinvent The Game and rescue humanity from self-imposed doom? Oh, just in case, there is a super-abbreviated scenario of how the new nonprofit credit system jump-starts sane culture from the grassroots up. Gung Ho! and on to a healthy millennial culture on this planet and/or elsewhere. Comment B: on “Meandering Along Going Nowhere” Peter, please excuse me, I’ve just had a life-changing realization… OMG! Dave — BRAVO, Kudos, hats off & HalleluJahs (as hats launch into wildly ebullient parabolas of ballistic honor & praise)!!!!! When is there is ever a dull moment in a bright lit mind? Dave, so glad you’re pragmatically yet passionately & faithfully religious. You’ve been slogging through this morassful of alligators & vipers since before 1968 without blowing your brains out, yet you still remember you came to drain the swamp! It is a true miracle, for real, regardless of religious or irreligious or anti-religious persuasion! Here I thought I’ve had it bad making little to no headway since 1986 (the year of my ecomonetary tutelage & awakening & initial innovation in the realm of ecomonetics AKA ARE (or better housekeeping). I especially love what to me is your keenest key insights: “…my perception of the direction of flow of value in trade has cut to the quick of the problem: the long-prohibited usury legalized on the basis of the old goldsmith’s fraud of lending entitlement to nonexistent gold. If we buy meat or houses with paper rather than gold, and as happens, the butcher and previous owner do likewise, we are indebted to the community for accepting our credit, not specifically to the butcher and certainly not to the bankers. The logic required is not ‘an eye for an eye’ but that of hitch-hiking: gratitude for lifts given gracefully being expressed by giving lifts gracefully ourselves…”

“Your realization of the essential principle of entitlement astounds me. How any deep, vast survey (my own, for example) of the field of monetary anthropology could fail to make that connection of core level dots boggles the mind. Yet, it points to another connection and transcendence of the current theoretical/mental gridlock paralyzing conventional-specialist economics of all flavors… Serious students of the history of Western banking, money, credit, and corruption know that buying on credit in the dark ages — after the beginning of the huge sociocultural disruption & psychophysical devastation wrought by the first few waves of plague swept Europe — began with the rise of commercialism (capitalism & proto-mercantilism) and the rise of new petty warlords (mainly thugs) who survived and jockeyed successfully for dominance. Their “entitlement” (ruthless power & hungry gangs) enabled them to walk into a local shop or warehouse and buy now based on a promise to pay later. Often times, that might mean payment per the “Lord’s” terms & prices agreed under duress (threat of worse thievery, maiming, or death). So, actually, this was closer to the institution of the “protection” racket (the forerunner of insurance) and taxation, which began as tribute.

“Anyway, I digressed, the important thing is the relation of our notions of entitlement, value, honor, trust, and credit. So, in a pure society of pure people, cultural interaction & exchange never involves a negative, anti-equitable form of debt. Yes, Dave, all pure (equitable) money systems are communal. Introducing impure, corrupting notions that permit negative exploitation and disequity do so by perverting the communal values first, the paradigm, the sociocultural framework of conceptual reference, its matrix of thought, assumption, ethos, mythos, communication, formalized social norms, customs, religion and law. When the vast majority are no longer grounded in a pure, positive, life-enhancing ethos, they can no longer effectively evaluate the nature or quality of changes affecting the long-term viability of their community or culture. They lose the ability to see and know of the deep, systemic damage, making them easy prey ever after. That explains the typically rapid social decay of almost every previously sustainable, robust, ancient primitive culture — soon after the first contact with people of technologically ‘superior’ and more socially ‘sophisticated’ (corrupt) societies.

Sustainable primitive paradigms were usually very easily perverted, leading to exponential corruption (decay). Remember, the compound Chinese word for “corruption” literally signifies rotten meat. It may be OK for maggots, worms, carnivorous fungi, vultures and other scavengers, but not for a healthy celebration of civilization. Yes, the duped may retain a basic sense of good, bad, right, wrong, and so on, but without the stable foundation of integrity and a healthy paradigm, there is no intrinsic support for a healthy, sustainably equitable communal economic system.

It matters little where the perversion and mass corruption began and how the secondary causes & effects played out. Evil’s early history may be as unknowable as it is irrelevant. Economists live in communities and nature, like everyone else. The most important essentials and aims of economics must include healthy sustainability. Otherwise, we all suffer the consequences, some more than others, temporarily. Yet, if the negative, destructive, global plutonomy game keeps devolving despite the situation we now face, sooner or later all 9 or 10 billion of us would be suffering horribly. If that is what the Consumer Society chooses, then it will be well into the mass horror stage within 20 to 30 years or so. As our numbers increase, our individual ecological impacts increase, daily, destructively. Are you one of the lucky elitists, not really concerned about all that?

It was not only the poor and middle classes who suffered the collapses of the unsustainable ancient empires. Nor did all the damage and mass suffering occur only at the very end of the fall. Remember, the ecocidal exploiters of this global empire of corporate Demonocracy are not just ruining the material basis of a regional empire, they have been granted free-reign to wreck our whole planetary life-support system or, at least, to give a try while amassing their quadrillions in ill-gotten virtual gains.

Hopeless? No, but daunting? So far, yes. Yet, we have accomplished almost miraculous collective transformations when we united by a single imperative with a single, encouraging aspiration. For one prime example, the English transformed their 18th century industrial infrastructure — upgrading coal burning, steam & leather belt driven technology to automated diesel & electric powered systems — in a single year, while the Nazis were bombing them every night.

Do we really need a world war to motivate us? That’s what we’ve been having for awhile now.

Pres. Jimmy Carter once said, “we must make the environmental crisis the moral equivalent of war,” but he was wrong. Before the spawning of the Fed, the inner demons of ecocidal plutocracy made it an actual war against nature, humanity, and sanity. What we need is the completion of the global paradigm repair & upgrade now in progress, and final dissemination via upgraded education, formally and informally. We need a return to healthy basics of healthy communities, sustainable integrity, biocentric ethics and values sustaining a vitally healthy, positive paradigm and all it supports. By entitling ourselves to all that, we empower ourselves to implement the essential principles and purposes of the US Constitution and Declaration of Independence, the UN Declaration of Human Rights, the Earth Charter, the best of the Magna Carta, and the healthy core values & wisdom of all the great spiritual traditions of humanity.

Choosing to co-create or foster the solution means choosing the exorcism of culture, fostering the healing and success of civilization. Failing to choose the solution is choosing the fall of civilization, further degradation of human society and culture. This seems like a very clear cut, simple choice to me. How do you see it? Comment C: on “Meandering Along Going Nowhere” PPS: I glossed and then reconsidered a few things in the main post, especially the prognosis of chronic doom, etc. Peter, you said… PR: “We are doomed because there will be no resolution any time soon to the division. The clash of ideologies is now crippling.” Nobody knows when the Plutonomy Game and its subsidiary conflicts will end. Nor can we know for sure whether the damaging effects are curable or not. Nobody knows what “soon” is or how much more time we have to save ourselves from ourselves.

Nobody knows for sure that Schon’s Law* won’t kick in to save us.

*FYI: Schon’s Law is the principle (discovered & described by Donald Schon) that makes dysfunctional groups tend progressively toward radical change as the progressively counter-productive effects of negative homeostasis (status quo) become more generally destructive and/or intolerable. Schon found that as any social group, regardless of size, gets closer to total dysfunctionality or in effect opposing or counteracting its purpose or reason for being, it becomes increasingly irrelevant, even to the most entrenched “power” elite obsessed with maintaining the ways and means that caused the problem. The worse it gets, the faster it will get better or fail and disintegrate. Another great discovery by Schon is the tendency of groups to develop a supra-egoic “dynamic conservatism” that seems to give a group a mind of its own, greater than the sum of the parts. In many cases, the agenda of a group pseudo-mind is opposed to the interests of most of its members and the original mission because, in most cases, group agendas drift toward homeostasis as the prime value — existing to exist — regardless of actual success or progress. PR: “The crescendo of right wing radicalism has reached its peak as the attempt to roll back the New Deal and Great Society has spiked to fever pitch. The right senses the immediacy of this crisis.” Thank you, Peter. I agree. The Casino Capitalists (NeoFascist Corporatists in stealth mode) have climaxed, shot their wad, blown their minds in the euphoric frenzy of acquisition and spectacular scoring. Yet, though semi-stuporous, they have the keen senses of jungle animals. Like all highly intelligent, omnivorous predators and scavengers, they are not only extremely cunning, they can smell fear, blood, and death from a great distance. It must be something like being the last of the great predatory dinosaurs who looked around after one of their last big feeds and sensed something was very, very wrong. Despite the scent of all that blood and death, there wasn’t much around to see or chase or eat, except each other; and there were all those fast little rodents and weasels eating their eggs… PR: “The mess created by our binge of debt and the extraordinary stupidity and greed of our banks has opened an opportunity to fulfill every right winger’s dream: smash social programs and let every citizen fight for themselves. This they call individual freedom.” The analogies breakdown, but the 1%ers and their minions are pathetically out of touch with the changes that they engineered. The sleeping giant, the 99% is waking up, hungry, and mad as hell, but this is not pre-Nazi Germany, prepped for tyranny by Club Fed’s first Great Depression, and this is not the 1930s. The vast majority of us sheeple now understand the basics of the game, we’ve all seen enough of the pattern, the cycle, and who runs it. PR: “It will devolve further into plutocracy. It always does. Which is why our ancestors fought so hard to establish a democratic system to offset the concentration of power and wealth that inevitably accompanies unfettered capitalism.” We, the sheeple, have been repeatedly fleeced by the plutocracy in stealth mode for decades, Peter. But again, this time is not like other times. Time is not an arrow, and history is not a circle. The illusion of time and history are more like an infinite double helical vortex, spiraling through creative evolution. The Top Dog exploiters stupidly thought that they would be able to control the 99% of us with computers and electronic gadgets for their police surveillance state, but that was another Pandora’s Box, with a twist in our favor. Among other things, it accelerated our natural distributed learning process while exposing us to many more paradigms and models of reality than we would have encountered otherwise. So, most know or are rapidly realizing that “unfettered capitalism” is a negative game that always runs down to a painful End Game in a world rigged for a corrupt society. Democracy was a nice idea, but it has never been a substantial defense against the “soft tyranny” of pervasive corruption courtesy of our corporate sponsors. “The world will not be destroyed by those who do evil, but by those who watch them without doing anything.” – Albert Einstein Deep, extensive dialogue is essential, but effective, well orchestrated action is much more important now, and that is what’s happening. It reminds me of the emergent behavior of “swarming” botnet programs, which are undoutedly what infected the UAV drones with a keylogger virus, and allegedly keep reinfecting them despite clean wipes of the systems. Human-net intelligence has infinitely more creative potential for exponentially accelerated learning and development than computer systems. We are clearly approaching the post-critical mass stage of acceleration & expansion. Our collective consciousness is ascending to the next level, fast. Comment D: on Meandering Along, Going Nowhere Dear Peter, first I want to apologise and give due credit for a great piece of very powerful, eloquent, effective writing, that was clearly, deeply heart-felt. In rereading your clarion call to sanity in your chosen field, I realized that I had missed the great pain that compelled such a passionate, articulate indictment of all that is wrong with the perversion of mainstream economics. I also admit that I was so taken with the Big Issues you raise that I was more concerned with offering an alternative conclusion (for the sake of less stalwart psyches), than with the core level reality that gave rise to your indictment. Now, I’m amazed again. Here I am defending your discipline, but not without precedent and not really. You helped inspire a train of thought and new insights that may help remedy the deep wound in the heart of the economics community…? Here’s what I mean by “not really”… Your discipline is fine, Peter. You are doing your best, and that is all anyone can expect from a devoted practitioner of any artful science or scientific art; and that is exactly what “economics” really is, is it not? Peter, et al (yes, you, you beleaguered RWE hero), as a highly empathic, very sympathetic ‘outsider’ to economics — but one who has deeply delved into its roots, in principle, its fundamental logic architecture, its core structural elements — it seems to me that real economics is only that which is valid, which is only that science of truth realized, accomplished, and expressed by each individual practitioner (devotee or auteur?) of the art. That would mean that anything less than the truth which accords with reality is bogus, a counterfeit, a charade, an abomination. Therefore, logic compels us to abhor, revile, and refute miscreant spewings of insidious corruptions, i.e., NeoLib N-CE, and denounce them for what they are — diabolically diseased frauds, symptoms of ecocidal mania, rampant greed and pandemic cowardice. Here is what insight and intuition tell me about your scientific art: Essentially, economics can be seen as a discipline related primarily to both mathematics and holontology (the science of being-as-a-whole (or universal reality)). We must then consider economics a relative of all other sciences, the humanities or liberal arts as well. Clearly, any major influence effective in human affairs is within the purview and scope of economics, holistic economics, the science. Now, I hope that provides food and fuel for thought that starts a flame that kindles an incineration of all sociopathic perversions posing as economics of any flavor. You can hold the high ground that the pretenders never really took, and from there you should be able to rally the troops for the final victory — right? Coming back to your post, Peter, I think there’s an essential issue involving religion and spirituality that deserves deeper, extensive consideration. So, let’s deconstruct your essentially crucial argument against religion, expressed in the passages quoted below (numbers inserted to flag major issues). “1) …You destroy and attack ideas that do not conform to your faith. 2) You demonize the other. 3) You stall. You delay. 4) You create facts to support your case. You ignore or debase facts that deny your truths. Fervently. Absolutely. Relentlessly. “5) When marshaled along these lines even a small group can grind as large a nation as America to a halt. Especially if the majority remains complacent or ignorant of your intent. “It would help, I suppose, were there (6) reservoirs of ideas untainted by these divisions. Then the majority could call (7) experts into play to refute and ridicule the zealots. But, nowadays, (8) the experts are all riven through by the same deep divisions. 9) Society has no elite to call upon to resolve the conflict. Indeed the elite is caught up in the storm. It contributes to the division.” Peter, these issues are crucial because all ethical/moral dilemmas involve religion or religious issues and spirituality, to one degree or another. So, I address the issues in the order you gave them… First, let me confess that I am new to my faith, the Buddhism of Nichiren Daishonin, as taught and practiced by his successors of SGI, Soka Gakkai International. I have almost 40 years experience of Tibetan Buddhism, Zen, Taoism, traditional Vedic (‘Hindu’) yoga & meditation practice, mystic Christianity, etc., but my recent study and practice of Nichiren’s teachings, though relatively deep in some ways, does not make me a veteran expert, nor the ideal spokesman. SGI’s humanistic Buddhism is so effective, so powerful, that I am compelled to answer your indictment of religion, point by point. Yet, please don’t take what I say as the whole truth. OK? 1. Buddhists do not “attack ideas” that do not conform to our faith, but we are committed to refuting and denouncing disempowering ideas that cause pervasive corruption, harm, and excess suffering, creating or reinforcing delusion, etc… 2. Buddhists do not demonize others. Ideas, doctrines, influences, forces, habits, and patterns that are negative, destructive, degrading, depressing, etc., are intrinsically evil. Who needs to demonize what is already clearly harmful, poisonous and/or deadly? And, so what? Evil has always served as a stimulus and contrast to the good, highlighting its life-enhancing value and benefits. 3. Buddhists neither stall nor delay, because we see that there is no time to waste. To us, each moment is a miracle, a precious opportunity to create value, joy, and positive causes for greater benefit, for the sake of countless generations of living beings. 4. Buddhists never “create facts” to support anything. We seek understanding of reality, human existence, universal principles, ways and means. We are open to more effective realization of our full potential, for manifesting and expressing our greatest possible excellence and, as much as possible, encouraging others to do so in their own way. We appreciate truth and the infinite value of ethical integrity and total authenticity. 5. SGI leaders and members are deeply sincere supporters of the US Constitution, the Declaration of Independence, the International Declaration of Human Rights, the UN Earth Charter, the Geneva Convention, and every other initiative for the realization and protection of human dignity and liberty. Our leaders are great champions of freedom, justice, compassion, ecological sanity, individual responsibility, and self-reliance. We are totally devoted to awakening ourselves to the incredible creative power of each of us seemingly ordinary, individual human beings. 6. Buddha discovered the infinite, universal reservoir of untainted wisdom, the essence at the core of each human life. For over 2500 years Buddhism has offered the end of all destructive divisions, delusions, hostilities, excess pain & suffering. 7. We (all compassionate humans) are the “missing” experts you envisioned but — though it is our duty to refute and denounce erroneous teachings, perverse doctrines, corrupting ideas and malevolent influences — we should not ridicule persons. Like good Christians, we should “hate the sin, but not the sinner” and do our best to help and encourage, never to harm. Yes, sometimes that calls for a no-nonsense “wake up” call. Strong language and tough love can correct and restore delinquents to sanity and healthy self-determination. 8. Among all deeply compassionate people, there is no psychological nor ideological nor ethical division or contradiction at all. There is one all encompassing, all originating universal reality, and its essential truth we can all seek, recognize, revere, and respect. We can overcome petty egoism and selfish obsessions in favor of better results for all beings and all generations. We can See that all human beings as essentially precious, no matter how delusional, no matter what mistakes they made in the past. 9. Devout Buddhists are here for anyone, any world leader, or any organization seeking help for world peace, global sanity, a greener future, general prosperity and a healthy commonwealth. The SGI component of the spiritual “elite” is neither divided nor tainted nor caught up in the plutonomic maelstrom of deceptive BS. We are serenely yet dynamically centered in the eye of the toxic tornado of worldly cussedness The many accomplishments achieved by Dr. Ikeda and SGI are more impressive than I can describe. You can explore the results by starting at www. SGI-USA.org, then through the many links posted there. Peter, I cannot thank you enough for giving me this opportunity to extend my mission to the realms of RWE/ARE and on to all those whose lives will surely be affected by what we are developing via these dialogues. Keep the faith and light of compassionate wisdom shining brightly, dispelling the darkness. > A relevant quote on the problem of the corporatist Oiligarchy’s educational agenda posted in a comment to another RWER Blog thread: “…the Gates Foundation has spent over three billion dollars influencing American public schools, and while the donations seem laudable on some fronts, especially in an era of increased federal demands coupled with reduced federal spending, his philanthropy remains problematic. When corporate leaders shape government institutions according to their needs, countries move away from democracy and toward corporatism, a relative of, and arguably a precursor to, fascism. This paper is no place for a complete analysis of American democracy and fascism writ large, and we believe scholars have made a compelling case for keeping corporate leaders out of our classrooms as, despite their “best” intentions, their ideology ultimately undermines the democracy our schools purportedly serve. Corporations are out for corporations, whereas democratic citizens, ideally, are out for each other. “John Dewey, American philosopher and vocal critic of traditional public schools, defined democracy as a system of associated living where individuals participate in the institutions governing them. In a democratic school system, parents, students, teachers, academics and business leaders would participate in curricular decisions. Corporatism, on the other hand, requires citizen obedience to corporate demands; individual needs are ignored. In the case of US public schools, CEOs have great influence on the curriculum whereas parents have little to none. Individual students become products whose manufacture is subject to the whims of the market. As our society becomes more market based, we have seen stricter coordination between government and industry. This coordination often comes in the form of government- business partnerships, where elites from both groups decide how public institutions should be shaped and run. Ultimately, corporatism undermines the legitimacy of individual citizens and any possibility of democracy, as these elites, often unelected, make decisions for the people. This paper problematizes the Bill and Melinda Gates Foundation’s involvement with the reformation of US public schools. Focusing on four organizations funded in-part by the foundation, we use Chris Mooney’s work on political science abuse to illuminate how corporate-funded think tanks and advocacy groups generate spontaneous consent for pro-corporate educational reform. We then raise questions about the legitimacy of what these organizations say and do, with the hope that scholars will work to counter misinformation campaigns made possible by corporate philanthropists such as Bill Gates.” – P.E. Kovac & In other words, the plutocratic Oiligarchs are so spiritually retarded they cannot imagine a world without hordes of deluded socioeconomic droids scraping by on 1/500th of the daily wealth skimmed by the overlords of the plutocracy. Is anything really more pitiful? Is any other kind of mind more impoverished? There must be few karmic fates worse than what a Top Dog creates by destroying the economy, the environment, and making billions of other people suffer needlessly. Oh, yeah — except for all those millions of wanna-be 1%ers who keep the Plutonomy Game going with their investments, etc… They get the same karmic sentence for being accomplices, aiding and abetting ecocide, mass-fraud, etc. It reminds me of another saying sent by the friend who forwarded the Einstein quote, “Some people are so poor that the only thing they have is money.” On Being Rich Making Us Poor: RWER Blog post: When Being Rich Makes Us Poor, People Should Occupy Wall Street > from Dean Baker “The Very Serious People in Washington are busy trying to find creative ways to cut Social Security and Medicare and take other benefits from middle-class and moderate-income families. The refrain here is that we just can’t afford this level of generosity any more. “There are two parts of this story that should drive the rest of us crazy. And it is difficult to determine which one is the more infuriating. “The first is that we know that many people in this country are fabulously rich. And as Elizabeth Warren beautifully reminded us, none of them did it on their own. But Professor Warren is actually far too generous in her account. “While some number of the wealthy may have succeeded by working hard and being smart or creative, many of the very wealthy got their money directly or indirectly through the big hand of the government tilting the playing field in their direction. Their hard work involved rigging the rules to ensure that they ended up on top. “Nowhere is this better seen than on Wall Street, which is chock full of multi-millionaires and billionaires who got to the top by taking advantage of items like “too-big-to-fail insurance” for their banks, gambling with government-insured deposits, ripping off state and local governments on pension management fees, and of course the trillion dollars in bailout bucks given at interest rates that were way below market levels. These people know the role of government very well, even if they pretend this is all about a free market. “But the banks are not the only ones who rig the rules. The drug companies profit enormously from government-granted patent monopolies. Drugs are generally cheap, that is why it is possible to buy hundreds of generic drugs for $5 or $6 per prescription at chain drug stores. Drug companies are able to charge hundreds or even thousands of dollars for prescriptions because they have patent protection. As a result we spend close to $300 billion (at $1,000 per person) a year for drugs that would cost around $30 billion a year in a free market. “The government rigs the deck for the rich and powerful in other ways as well. Under the current enforcement pattern in labor law, the government comes down like a ton of bricks on any union that breaks the rules – for example by having an unlawful strike. By contrast, companies get away with a slap on the wrist for even the most flagrant violations of labor law. “Our trade policy was designed to put downward pressure on wages for the bulk of the country’s workforce by putting them in direct competition with low-paid workers in the developing world. This effect is exacerbated by the over-valued dollar. Meanwhile, those in relatively privileged professions, like doctors and lawyers, remain largely protected from international competition. “The list of ways in which the wealthy have structured the rules to ensure that they stay rich and get richer is lengthy. But the fact that the Very Serious People are looking to cut Social Security for the elderly and Medicaid for the unemployed at a time when Countrywide’s Angelo Mozilo and Citigroup’s Robert Rubin are still immensely rich is only the first reason that the public should be furious at those in power. “The second is the cause of the current downturn. The reason that we have 26 million people unemployed, underemployed or out of the work force altogether is not that we are poor, but rather that we are rich. The immediate problem facing our economy is not one of too few goods and resources; it is a problem of too little demand. And this is what should make the Wall Street Occupiers and everyone else absolutely furious at our leaders. “If people had more money in their pockets, then they would buy more goods and services. Companies would then hire more people to produce these goods and services and we would then have more jobs. The unemployment and poverty that the country is experiencing today is overwhelming the result of a failure of political will. “If the federal government increased spending on infrastructure, gave teens jobs cleaning up their neighborhoods, gave state and local governments the funds to keep teachers and firefighters employed and encouraged employers to shorten work hours rather than lay off workers, we could quickly get the economy back to full employment. Economists have known this story for more than 70 years, but somehow creating jobs doesn’t rank as high on the priority list in Washington as cutting Social Security and Medicare. “In short we have an economic system that, even when it is working, has been rigged to redistribute income to rich. And we have a political system that at a time of immense economic distress is more focused on undercutting the means of support for working families than fixing the economy. It is hard to understand why everyone is not occupying Wall Street.” >> First comment, by Michael Lucas Monterey: Dean, this is yet another great distillation of symptoms ofThe Problem. Unfortunately, it is no longer hard for me to understand why there is still no mass movement for taking the cure. The roots of The Problem go far deeper than the symptoms. Since we have a deficient paradigm with a deficient & warped concept of wealth; and an apparently total lack of understanding of “value” and credit, how could there ever be a serious reconsideration of The Problem? We, the vast majority lack the basic elements of deep understanding. Even “fixing” the American money system will, on its own, fail to turn the rising tide of pervasive corruption, greed, sociopathic narcissism, apathetic bewilderment & numb complacency ensuring the sustainability of the causes. As long as we the sheeple are clueless about the importance of integrity, ethics, empathy, compassion, and their relation to karma (the universal law of interdependent interaction), then “we” (as a whole) will remain vulnerable to a replay of Plutonomy, the world game AKA Demonocracy. Why are the elite Plutocrats & their minions doing all this infuriating stuff? For the same reason they set up the good Germans after World War 1 & Club Fed’s global Great Depression. Still, if it’s not just rehabbing & cleaning up the game board, you might wonder, where’s the prescription for The Cure? A real & sustainable cure requires a pervasive paradigm upgrade. We need a new system of values based on what is positive, healthy, good for people, culture & the biosphere. We can start a nonprofit transistional credit system that rewards people in direct proportion to their real, positive, healthy, enjoyable contributions to other people, to civilization, to the biosphere & future generations. How could it possibly work? You think it too wildly fanciful or unrealistic? Well, incredibility, implausibility, infeasibility, and total unreality never prevented or stopped the Fed or any other phase of plutonomy over it multi-millennial ascention (or descent into hell, depending on your perspective). In fact, the Shadow “Banking” system keeps its largely hidden ocean of derivatives swirling (for the sake of sheer liquidity) not because of any real, tangible, intrinsic values. In fact, we all may as well agree that the whole maelstrom of virtual liquidity keeping the Big (con) Game going is truly insolvent. It’s also based on disvalues that guarantee corporate opposition to sustainability, which in the current system of disvalues is counter-productive, anti-growth & anti-profitable. Several wakeful observers have noticed that (in general) the worse the ecocidal atrocity, the greater the rewards & accolades for the corporate Perps. Jared Diamond has convincingly shown that societies, we people, decide either to fail & fall or succeed and thrive (despite former episodes of ecocidal mania and/or ignorance). The Cure will start with each of us choosing to foster collective success. That starts with healthy, biocentric values, compassionate wisdom, and nondual ethics, which will require a commitment to self-honesty, realistic modesty (appropriate humility), and loving respect for life, nature, people, and other animals. How much worse must it get before we choose not to fail, not to let human culture (us) destroy itself (ourselves, possibly, all of us)? Is there some real, valid excuse for not starting The Cure — and the nonprofit cooperative community credit system we need to empower the transition to a healthy, sustainable future? > Robert Dulin October 13, 2011 at 12:33 pm | #2 Reply Dean, You are good. Have just discovered your body of work through RWER. The problem is all of these financial outrages that you so expertly describe are “second effect” problems. The underlying problem is that the money does not work. It does not work for three reasons: 1.In a fair economy money can not be created as a loan with the interest being paid to some privileged group. You can’t pay a loan with another loan in a fair economy. 2.Money can not be allowed to be accumulated through the process of compound lending. 3.Lent money does not automatically go to the most productive transactions in an economy. There is an opportunity cost of lending. The choice is: Is the lender going to be paid for the use of “Their” money or is the producer going to get paid the actual value that someone will bid for his product. You can”t have both. Get paid or get credit. That is the choice. If the money does not work, we are back to the “hobbesian” state of stealing to transfer property. Hence all of the “crimes against society” that you describe. I am really sorry to see these “occupiers’ running into the machine gun fire of the money interests with no ammunition or backing from the learned economics profession. Thanks, Robert > Michael Lucas Monterey October 13, 2011 at 2:14 pm | #3 Reply Robert, Dean, et al, I hope I’m not coming across as too grumpy, impatient, or petulant, but as a Buddhist, a semi-retired entrepreneur, and survivor of many close calls with death, I can’t believe in time. So, a certain urgency is 2nd nature. Forgive any seemingly deliberate slight or offense. I harbor no contempt of people. Ego demons and bad ideas are fair game though, and we’re all serious adults here, right? So, if you see any coming via me, blast away! Anyway, while I agree with the intent of the above posts, as Robert points out the “2nd effect problems” mentioned (which I called symptoms) are just that. Yet, the uses of terms describing Robert’s 3 main “reasons” seem based on notions springing from secondary principles, instead of causal principles. For instance, the first causal principle as I see it is stated first, “the money does not work” and that means that what passes for money is not money. If a money system is not viable, it is not valid, i.e., not money. In asserted “reason” # 1, “money” is used as a synonym for currency, whereas money is the system not the currency, the tangible media of exchange. As long as the masses are kept confused about the nature of money (the system) and currency (the media) they will remain vulnerable to thinking of “money” as a commodity. The whole legion of financial demons are spawned from & feed on that basic mistake. Re: reason # 2, money (the system) can never accumulate, especially not via the financial “miracle” of compound interest nor via multiple loans upon loans. Those aberrations can only occur in a perverted system, which we agree does not work, is disfunctional, invalid. What remains is a pseudo-money system that makes currency a commodity for the sake of legalized fraud. So, financial literacy, economic justice & real equity (fairness) begin with the epistemics, semantics, and mechanics of money. Re: reason # 3, Let’s consider the specifics: > 3.1 “Lent money does not automatically go to the most productive transactions in an economy.” > 3.2 “There is an opportunity cost of lending.” > 3.3 “The choice is: Is the lender going to be paid for the use of “Their” money or is the producer going to get paid the actual value that someone will bid for his product. You can”t have both. Get paid or get credit. That is the choice.” > Except for the use of the words “their” and “money” in a confabulated way there are some good points here, but they are embedded in the perverse, confusing context of the abusers. What the lender wants to be paid for is the “use” of his/her notional credit, which can only represent contractual obligations based on erroneous notions of money & value assigned to bogus currency. There seems to be a sizable leap from the loan issues to the exchange of tangible goods for bogus financial abstractions involving a complicated system of legalized fraud (Club Fed’s fractional reserve banking with fiat currency of floating bogus value in a plutonomy ). Yet, most of us have probably gone over the problems of usury, etc. What though — in this hyper-virtualized derivative credit bubble/plutonomy — is there to get ‘paid’ with but bogus instrument of credit. What real difference does it make to anybody which kind of bogus credit instrument is used? Right, none, leaving no real choice to anyone outside the inner circle Top Dog elitists, the 1%ers. Robert, your basic critique of the fundamental injustice and immorality of the plutonomy is right on. I hope you find my attempted upgrades sensible & helpful. I think we should all start going much further, and start making some healthy value judgments, calling immoral fraudulently legal abuses of bamboozled victims just plain wrong, bad, and/or evil. We might even start calling for deeper, more extensive investigations, and a truly independent RWE audit of Club Fed. We can surely support the snowballing movement to abolish the Fed, but collaborating on the alternative, a healthy new system is what seems most important & appealing to me. FYI: When I start seeing preliminary brainstorming i’ll quit requesting & suggesting it. > Robert R Locke October 13, 2011 at 4:08 pm | #4 Reply I learned long ago that for economists anything that happened a year ago is history, ten years ago, ancient history – to be erased from their professional memory –which reminds me that all the patter about protecting the “German” banks is too late. They have already been eaten up systemiclly and by – you guessed it – Anglo-America — after the fall of Communism and the internet permitted the unprecedented expansion of US & UK investment banking. In Germany commercial banks under pressure started to abandon their traditional “Hausbank” functions Their representatives ceased sitting on the boards of directors of client firms, so that, whereas in 1974 senior executives from German commercial banks occupied over 20 percent of the supervisory board seats in the 100 largest German companies, in 1993 this percentage dropped to a mere 6.3 percent. Simultaneously, German commercial banks started market oriented investment banking practices. Deutsche Bank turned to the UK and the USA to recruit staff well-versed in the methods of capital market financing and it bought Morgan Grenfeld, the British merchant bank, in 1989, and Bankers Trust, the US specialist in hedge funds and derivatives, in 1998. Dresdner Bank acquired UK-based Kleinwort Benson in 1995 and US based Wasserstein Parella in 2000, attempting thereby to expand into the global big leagues of underwriting sales and trading, engaging in merger counseling, and the marketing of financial products. These were heady years (saturnalia meets juvenilia!) for American and British investment managers as they spread out globally from their traditional bailiwicks. But they were not very heady days for the German banks that were really only acting in self-defense, most not succeeding very well. Probably the most successful transformation took place at Deutsche Bank, but could it be called a “German” bank, thereafter. After DB acquisitions it hired high-profile figures from major competitors. It was listed on the NYSE (2001) and it moved its investment banking headquarters to London. The bank became one of the major drivers of the CDO market, creating 32 billion between 2004-2008 — a case study in investment bank involvement in the mortgage bubble CDO market. So DB transformed itself between 2003-9 from a German centered organization that was renowned for its retail and commercial presence into a global investment bank less reliant on its tradition market for its profitability, a profitability that included billion of $ paid by the US insurer AIG, including $11 billion from TARP funds. The Anglo-American finance system was the transformation driver. The German government is trying much more strenuously than the American government to make the German banks absorb some of the losses they have incurred by getting in bed with the Brits and Americans. > Podargus October 13, 2011 at 7:38 pm | #5 Reply Some truth in the article and the comments.But the fundamental fact is that our system is not sustainable.It is inherently fragile and unstable and this is the basic reason for the recurring and ever more frequent crises in the system. However,the oligarchy (the 1%),being the principal benficiaries of the system,will not willingly give up their privilege or even any part of it.Even a cursory reading of ancient and modern history will make this amply clear to even the most stubborn believer in the status quo. The only way to deal with the oligarchy is to apply some form of force and pain to the offenders.Only when an effective proportion of the 99% realize this and begin to put words into action will we see some progress. > Michael Lucas Monterey October 13, 2011 at 11:13 pm | #6 Reply Thanks Podargus, et al. I think that physical force will inevitably appeal to some activists, as in the Arab Spring movement, but its hard to imagine a coherent global mobilization against the multinational plutocracy & its Oiligarchs [sic]. The Occupy Wall Street trend is very diffuse and poorly informed, of course. Few of us have a deep enough grasp of the basics to make a cogent case, but theoretically — since there are only 1% of them and 99% of us victims, and many of the children and mothers among the plutocratic elitists, must be about ready to jump ship — violence may be almost completely unnecessary. The 1%ers must be starting to feel alot like the happy upper deck elitists on the unsinkable Titanic as their titanic party was ending — when they realized that the situation was really pretty awful, even for them. No, it must be much worse, because they painted themselves into their tiny little corner and know that sooner or later an unstoppable majority of us 99%ers are going to know that the 1%ers are the iceberg that ripped into the ship of state. Yet, instead of most of us drowning in locked lower decks or scrambling for anything that will float and plunging to quick deaths in a frigid sea, we will soon be 8,910,000,000 or so mostly pissed off enemies ready for revenge and total regime change. Let’s try to put ourselves in their pitiful situation. They know better than most of us how much faster everything is getting worse, they get real news. They know that they deserve most of the blame and that it looks as though they (and their family members) will have to pay their karmic debts within the next 18 years or so. How would you feel? What would you do? Pray for mercy or indulge in more drunken, twisted fun, status games, and ecocidal mania out of spite to the bitter end? I don’t know. I think we’d have to have gone to and through the same perverting extremes to know what the warped, inhumane mind of an ecocidal plutocratic Oiligarch is really like. Really, what is it really like to experience the mental-emotional illness of a Hitler, Stalin, Mao, Pol Pot, Rupert Murdoch, Glenn Beck, Rush Limbaugh, or the 70,000,000 other sociopathic parasites infesting the decaying body of human culture? It seems to hideously hellish for me to contemplate for more than a few seconds at a time. I start thinking of the smell of rotting flesh and recurrent nightmares like the Zombie movies. In this case though, the 1%ers are the real flesh eating zombies and most of us 99%ers are the lively survivors. But I suggest exorcism and education and therapeutic rehabilitation instead of violent revenge in a destructive rampage. We should let South Africa’s painful, post-Apartheid transition be an example. Naturally, we would want to have an initial round up, indictments of the ring leaders, thorough investigations and diagnoses, followed by a Nuremburg-like public trial for ecocidal crimes against peace, nature, and humanity, equivalent to war crimes for mass-murder and mass-torture. Some will probably need many years worth of diagnoses, observation, reeducation, retraining, and rehab. After all, most of the Top Dog Oiligarchs have probably never done any honest work, nor had many really human relationships, feelings or values. Back to the main point — when critical mass is reached, and a vast majority is in favor of deposing the Oiligarchs and ending the plutonomy in order to establish a healthy, sustainable culture, we will then be able to convince the 1%ers and their legion of military/police dupes (about 5%) that resistance is futile and possibly fatal. The sooner we get started the less damage ecological and economic damage we’ll have to remedy. Clearly, we have no time to waste. > Robert Locke October 14, 2011 at 6:43 am | #7 Reply When people complain, they need to have some clear idea about what to do about their complaint. So far the level of suggestions on this blog run from do-nothing discouragement to “off with their heads,” storm the evil citadel. People don’t seem to know the difference between a “riot” and a revolution. And its the job of the intellectuals to explain that to them. If we stay within the economists bailliwick, we won’t be able to do so. That is why I think the real-world economists need to have lots of people aboard, including historians, like myself. So let the dialogue begin, or continue. We are talking about defining the source of our problems and then seeking remedies short of just rioting. I’ve tried in Confronting Managerialism to do just that and suggested reforms in the concluding chapter. If we don’t confront the institutionalization of the management philosophy from hell that has been spread throughout the world, then we won’t be able to do anything about what is happening to us. It will be like “bread riots” in France before the revolution. The bread riots accomplished nothing, but the revolution got rid of the monarchy and a society based on estates. We have to get rid of a society run by stockmarket speculators and the investor class, casino capitalism. And there are ways this can be done. I think. Robert Dulin October 14, 2011 at 1:27 pm | #8 Reply Michael, Thanks for your comments . You are right in that it is impossible to describe principles with “symptom terminology”. I will work on describing these things in a more accurate way. Podargus, You are right in that it has to come to a face to face standoff. I hope it can be non violent. It is not the top 1% that are the primary beneficiaries of the ponzi stock market and the lender created debt. Everyone with any financial investment, pension, retirement plan or income is invested in, and are depending on wall street crime for their payoff. Who is going to tell them the money is not coming. They are depending on spending the pay that should go to the working producer. The ratio is closer to 50-50. Robert, Your historical background is appreciated. It is important to learn from history, a lot of meaningless deadly conflict can easily occur without accomplishing anything good. Thanks, Robert > Michael Lucas Monterey October 15, 2011 at 2:08 am | #9 Reply Re: the latest comments from both Roberts: Great stuff, though, RL, if you reread my Green Credit & Commonwealth section of the Greenbook, you’ll see a practical proposal for a truly long-term sustainable alternative to single-system Casino Capitalism, my nonprofit+for-profit hybrid system. The proposed Cooperative Community Credit System (CCCS) provides a nonprofit alternative to the Ponzinomics of Club Fed for all us relatively simple folk who just want a nice little, modestly affluent life, good education & jobs for our kids, and a healthy biosphere. The CCCS and its Trust Units (TU) will enable that without disrupting Club Fed’s game, in fact, it will enhance it in several ways: 1. liberating the dormant “human capital” repressed/suppressed by plutonomy 2. stabilizing sociopolitical & cultural activity with middle class affluence 3. generating more production/consumption, import/export trade, etc. 4. enabling optimum/maximum employment 5. indirectly causing rapid growth in new checking & savings accounts 6. stimulating many new business startups & new job creation 7. acting as a counter-balance to volatility & bubble dynamics 8. saving the for-profit economy & culture without extreme measures Each of those major benefits are as good for the market economy as they are for the communities that support it, acting as both stimulus and stable buffer for protecting wealth, real value and reserves. The 8th benefit is huge, because the dangers and difficulties involved with any radical attempt at “fixing” the system or worse abuse of 99% of the human race would be very costly for all of us, especially the plutocratic marketeers (all 1% of them). The CCCS is an effective, virtually cost-free solution, that will enable billions of new bank accounts and many trillion$ worth of real, tangible value, goods & services, as it frees ordinary people from poverty, joblessness, under-employment, ill health due to poverty & malnutrition, deficient education, the negative effects of hopelessness, etc. It will do all that without increasing tax burdens, political quagmires, and counterproductive delays. Clearly, the Green Star credit system will soon be the new international, nonprofit community credit system that all people and businesses can use for nonmonetary exchange or, simply, to directly reward somebody or some organization for contributing real, life-enhancing value (inspiration, art, healing, humor, joy, etc.) to civilization, or the environment, or other people and/or future generations. As soon as it’s in use by a few million Facebook users, et al, it will be embraced by most businesses off & online for promotions, etc. Then it will be embraced by VISA, the World Bank, etc…Soon after that, the 4 billion folks now locked out of the debt-money Plutonomy Game will have acquired enough of their national currency (or gold or whatever) that they can open bank accounts for their debt-money transactions, etc. That process will probably happen in the more affluent, more web-enabled countries more rapidly. I predict exteremely rapid adoption in California, North Dakota, Wyoming, Michigan, Florida, Arizona, Texas, and Hawaii, among other states. Wanna bet? from Edward Fullbrook It was the people at Adbusters who conceived and launched the Occupy Wall Street Movement, which now that it has gone global is more generally known as the 99 Percent Movement. Below is Adbusters latest tactical briefing. ADBUSTERS TACTICAL BRIEFING #15 Alright you redeemers, rebels and radicals out there, We’re living through a magical moment … #OCCUPYWALLSTREET has catalyzed into an international insurgency for democracy … the mood at our assemblies is electric … people who go there are drawn into a Gandhian spirit of camaraderie and hope for a new kind of future. Across the globe the 99% are marching! You have inspired more than you know. People are digging into Act One of the long Spring. Its now time to amp up the edgy theatrics … deviant pranks, subversive performances and playful détournements of all kinds. Open your insurrectionary imagination. Anything, from a bottom-up transformation of the global economy to changing the way we eat, the way we get around, the way we live, love and communicate … be the spark that sustains a global revolution of everyday life! As the movement matures, lets consider a response to our critics. Lets occupy the core of our global system. Lets dethrone the greed that defines this new century. Lets work to define our one great demand. OCTOBER 29 – #ROBINHOOD GLOBAL MARCH This is a proposal for the general assemblies of the Occupy movement. Eight years ago, on February 15, 2003, upwards of 15 million people in sixty countries marched together to stop President Bush from invading Iraq … a huge chunk of humanity lived for one day without dead time and glimpsed the power of a united people’s movement. Now we have an opportunity to repeat that performance on an even larger scale. On October 29, on the eve of the G20 Leaders Summit in France, let’s the people of the world rise up and demand that our G20 leaders immediately impose a 1% #ROBINHOOD tax on all financial transactions and currency trades. Let’s send them a clear message: We want you to slow down some of that $1.3-trillion easy money that’s sloshing around the global casino each day – enough cash to fund every social program and environmental initiative in the world. Take this idea to your local general assembly and join your comrades in the streets on October 29. for the wild, Culture Jammers HQ occupywallstreet.org / occupywallst.org / occupytogether.org PS. Check what’s being said about the Occupy movement: Democracy Now!: Hundreds of Thousands March Against Inequity, Big Banks Chris Hedges: A Movement Too Big to Fail Elliot Spitzer: “Occupy Wall Street Has Already Won” Matt Taibbi: Hit Bankers Where it Hurts Comments, 10-18-11 Jorge Buzaglo October 18, 2011 at 12:05 pm | #1 Reply | Quote “We want you to slow down some of that $1.3-trillion easy money that’s sloshing around the global casino each day – enough cash to fund every social program and environmental initiative in the world.” It is even better (or worse?): Daily average foreign exchange market turnover reached $4 trillion in April 2010 (Triennial Central Bank Survey 2010. Basel: Bank for International Settlements). That is, in 2010, daily financial flows represented 5% of the world’s annual GDP — 34 times the (average daily) global international merchandise trade. Michael Monterey October 18, 2011 at 6:03 pm | #2 Reply | Quote Bravo & thanks again, Ed & hello & thanks to Jorge. This is a bunch of excellent news! Yet, there’s still room for improvement, and lot’s more education of the 99%. The 1% surtax is a cute idea, which may be perfect for awhile, win or lose. Who knows? The educational power of the numbers seems useful, but until the victims see money, credit, currency, and tax for what they are, from a solid grounding in the truth about value, they (us) will remain vulnerable to the next counter-stratagem of the multi-millennial plutocrats who orchestrate their world-game as easily & instinctively as orcas (killer whales) round up big schools of herring (into columns of tightly packed fish, like a spinning vertical food log). In fact, if I were one of the top 12 family’s in the winner’s circle, in order to best co-opt the movement and mollify the disinfomed sheeple without losing either control or virtual power, I’d orchestrate a big “OK” to the 1% tax idea. Then, if they manage it quickly & cleverly, the top 1%ers would be hailed as heroes, while the existing power structures & factions would botch and delay or cripple most of the environmental restoration efforts for the sake of the oiligarchs. The economic “fixes” would be superficial & transient. The 99%ers would be in almost the same situation as before, but with the added burden of having failed, having been bamboozled yet again, with an even deeper, more depressing sense of baffled despair. Then most of the 1%ers could say, “See, we told you so! You 99%ers are the real problem. You are incompetent to run a democracy, much less a practical utopia. So, please quit pestering us with your half baked fantasies and unrealistic expectations.” The problem in Demonocracy vs. Democracy is that any real & sustainable solution must be comprehensive, thorough ecopurification (house cleaning) & paradigm repair + remedial emergency protocols. I suggest offering the 1%ers the chance to escape capital punishment (for high treason, ecocide, colossal fraud, etc.) by going into partnership with us. Instead of nationalizing the corporations that depend on us and the earth for all they get & ever will get, we offer them the alternative of 50-50 partnership and no taxes at all, forever. Naturally, we will need a global community credit system (GCCS) to fuel healing & real recovery during the transitional rehab phase. I recommend the Global Community Development Association for sponsoring & managing the GCCS. Of course, we’d want to establish local & regional & national daughter orgs, for example: the American Community Development Association, one for each state and/or each larger metro region or city. For more info, see the Greenbook, a work in progress: mm-greenbook.blogspot.com >>> Michael Monterey October 18, 2011 at 6:55 pm | #3 Reply | Quote PS: A fairly recent UN committee report claimed that all the worst ills afflicting the world’s poor could be remedied for $80 billion (presumably per year). So, even at 2010 “values” 34 x $8,000,000,000 ($272B) could solve some serious problems & do lots of good. Yet, without a major rehab of Demonocracy’s paradigm & its ecocidal disvalue system, its socioeconomic rules & “power” structure & governing dynamics will be doing what they always do. Then how could we create a better world. As Einstein realized, doing the same thing over and over again while expecting different results is insane. He also knew that trying to solve a problem with the kind of thinking that caused it in the first place is hopelessly ineffective. 100% of the activity & results of human culture, as always, will be determined and limited by its paradigm, its rules, its “world-view” & mind-set, its psychospiritual agenda, the viability of its ethics and/or corruption, and the degree of its sanity or delusion. A certain TV evangelist offers this very potent truth, “If you want what you’ve never had before, then you need to do what you’ve never done before.” Us 99%ers have never been free of tyranny and destructive exploitation for long, because most of us have never wanted enough responsibility, knowledge and understanding to attain or sustain an enlightened global civilization. Yes, that may not have been possible before, but it is what we need now for cultural and biological sustainability. Demonocracy needs a thorough exorcism & human culture needs detox/rehab & therapy for its psychosocial AIDS & ecological cancer. Until then, its inherent dynamic conservatism and resiliency will remain viable, sustained by the subconscious habits & tendencies of the unliberated, unenlightened majority. There would then be insufficient educational & ecological rehab & therapy to sustain a comprehensive solution, a total cure and, inevitably, as in many individual cases of AIDS and cancer, remission would fail and there would be a recurrence, etc. The history of corruption, tyranny, and ecocidal mania will continue until we restore our psychic-cultural immune system to full functioning, which means purging the spiritual toxins and the viral load in our human biocomputer network. Feel free to email or call for dialogue, speaking engagements, workshops, etc. Thanks, Michael Monterey, Cultural Exorcist Dave Raithel October 18, 2011 at 9:11 pm | #4 Reply | Quote I believe the “liberal” governor of New York has already said “no” to this…and the marching around in 2003 accomplished what? Michael Monterey October 18, 2011 at 9:43 pm | #5 Reply | Quote PS: For those of you who haven’t seen my “take” on demons & Modern Demonology (a work in progress): When I talk about demons, ego demons, and Demonocracy, I’m not talking about a gang of imaginary discarnate entities or existentially real supernatural beings “out there” somewhere. Demons and devilish functions are mainly habits and tendencies that get out of whack, over grown, deeply entrenched, and so pervasively enmeshed in our wetware that they seem to take on a life of their own. As far as I can tell, CT Rinpoche was right in calling them ego demons to put it into better perspective. But it occurred to me awhile ago that we can give ego a break by seeing it as an essentially neutral function of mentality. Ego usually gets a bad rap, almost like the Devil. Bucky Fuller’s insight makes much more sense. He saw it as the universal function that permits different points of view. So, whether he know it or not, he was a stealth Buddhist. Now, a little while ago, I realized that the worldly (socialized) ego is not only a story teller, it is a story. In other words, the ego function gets confabulated with the results of the interactive functioning of memory, individuality, identity, personality, community, and relativity (etc.) and we start believing in the story we co-create with universal life. As long as the story is “good” and healthy and successfully adaptive, we think our psychosocial personality is fine, and most other folks agree. If our story involves lots of maladaptive beliefs, unfortunate damage, bad habit patterns (poor choices & inappropriate actions), negative attitudes & experiences, and toxic relationships, then it can get so bad it’s as if we’re afflicted by a horde of evil spirits. The top 1%ers are not necessarily any worse or anymore more egoistic or selfishly sociopathic or corrupt than the average ego’s personality. In fact, for a long time I’ve noticed the there must be some “Good Guys” even at the World Bank. The problem is not really the Banksters, nor is it the majority of Sheeple who keep supporting and investing in the Consumer Society’s ecocidal status quo, i.e., the Plutonomy Game, driving cars, using iPhones built in prison-like factory cities, and generally gobbling up, ruining, and wasting Earth’s blessings. The problem is the paradigm. The demonic negativity is structural, systemic. The insane, ecocidal destructiveness running rampant & ruling the world (the Demonocracy) is simply the expression of the potentials built into the neuro-linguistic basis of our culture game’s socioeconomic system. That’s why I sometimes call myself a “cultural exorcist” and keep emphasizing the importance of paradigm repair and regular upgrading. We can think of our world game in more technical terms as being like a giant hypercomputer network running the ultimate multiplayer role playing game. Unfortunately, its “bugs” & software glitches developed into virtual worms and destructive malware bots. So, what we need is a psychospiritual Geek Squad to get in there and do extensive virus scans, disinfection, vaccination, and restoration. But, to be effective, our cultural Geek Squad needs to understand the latest greatest malware strategy, code & defensive mechanisms, and have the best available logic, antivirus & anti-malware tools, techniques, and lots of experience in the field. Typical certification, credentials, mediocre skills, sub-master level experience, and normal commercial motivation are inadequate. We also need the permission and cooperation of owner of the human hypercomputer system, that is us, not some “them” out there somewhere else. We are all doing this world game, and let’s remember that even Banksters — or most of them, anyway — probably have children & grandchildren who they love dearly. Some disruptive tactics might be provisionally useful, temporarily, but adversarial reactions against symptoms, like banks and bankers will never cure the cause of the disease. It is finally time to do the new world game, predicted by the Hopi and other ancient Seers. In the mythic Hopi prophecies, the beginning of the Fifth World is initiated by the Pahana, AKA the Purifier, the spiritual elder brother of the Hopi who returns to lead the way. In the ancient spiritual civilizations, purification is virtually synonymous with healing, which is what we need and what we happening. I may be wrong, but I see signs that the 1%ers are now more aware of the scope of The Problem than most of the 99%ers. The fact, that Banksters don’t know how to get themselves & us out of this mess shouldn’t be held against them. I suggest a more creative approach, a win-win scenario, not reactive & negative, but proactive & positive. Dave, Thanks for injecting a modicum of albeit sardonic reality here. Dean, please, I don’t want to villify or alienate or depress, but I am at a loss as to how you can see the bizaarity of the situation and — still — after all — not see the truth about the “bailout” and so massively understate The Problem as “the result of a poorly regulated financial system.” Dean, for the benefit of us naive amateurs/autodidacts and uncooth barbarians, please explain for us how the financial system was valid in the first place. Then we may be able to start thinking about it and economics aright (correctly). OK? That would be very kind, and it would also give us hope that RWER has not been co-opted already — though that might explain the decreasing responses to rigorous analysis and the dwindling dialogue on the most crucial issues of our lives and times. That would, naturally, lead to a revisionist critique of the revisionist critique of NeoLib N-CE and academic economical autism, or did I mistakenly assume that most of the posters here are beyond the pale and authentically outside The Box? In lieu of an intellectual/rhetorical rebuttal, would a solid, enthusiastic show of proactive support for an ethical science of economics be too much to ask? Is there anybody “out there” with suggestions for improving or supplanting my proposals? Dave, since logic clearly has nothing to do with conventional reality, I’m not holding my breath. Hey, is Bamboozled an HBO series, an off Broadway play, a film, or…? Oh, BTW, the best way to blow off psychic constipation is a heavy dose of RW experience. I heartily recommend going out into the streets or off into the wilds (preferrably near hotsprings), and getting to know us extraordinary ordinary (nonRWE) people. Blessings & Blissings — MM PPS: Dean, Ed, Paul, Peter, et al, if it seems I’m throwing down a gauntlet, please forgive me. What I mean is that it is clearly time to disabuse ourselves of the belief in the “value” of bogus currency, bogus status, bogus expertise, bogus rhetoric, bogus security, bogus isolation & independence, and the Plutonomy Game. Though I understand your reason for staying out of the fray, standing in the wings, watching, learning, hopefully contemplating and weighing the wisdom of what you see, I’m compelled to urge you to the front lines. To use a Tolkienesque metaphor, the longer one hides in the shadow of The Ring, the more one’s will and mind are usurped by the Dark Lord (the fundamentally negative tendencies & forces of unliberated, unenlightened animality, which is always worse in the human realm than in any other). The analogies from the Star Wars & Matrix films are equally apt. Take heart — this IS OUR time to shine, and your abilities, expertise and encouragement can tilt the odds further in favor of humanity’s collective success. Pandora and Gaia may be film fantasies, but this IS the time for the ascendence of RWE or ARE, actual reality economics. I wonder, which will it be…? If you believe in such fictions, which side are you on…? … From RWER Blog: IMF must heed G-20 Decisions November 30, 2011Kevin P. Gallagher from Kevin P. Gallagher The G20 meeting in Cannes earlier this month was derailed by the pressing eurozone crisis. Actors were disappointed if they were looking for concrete action on global imbalances and the food crisis, let alone the new global monetary system that French President Nicolas Sarkozy boasted would be the goal of the summit when he first took the helm as host. But behind the scenes, the G20 actually delivered on a set of “coherent conclusions” on the management of speculative capital flows in emerging markets that should not be overlooked, especially by the International Monetary Fund (IMF). Sarkozy assumed his role as head of the G20 during a period of excessive volatility in global capital markets that continues to this day. Because of loose monetary policy, low interest rates and a slow recovery in the North Atlantic, accompanied by high interest rates and rapid growth in emerging markets, the world’s investors flocked from north to south – to Brazil, Chile, South Korea, Taiwan and others. More recently, in response to eurozone jitters, capital has retreated from emerging markets to the “safety” of the United States – showing how dangerous speculative capital flows can be. New work released by the IMF this week suggests they are picking and choosing their direction from the G20. In a significant reversal of past policy, in 2010 the IMF began recommending that nations deploy capital controls to mitigate the effects of speculative capital. Indeed, IMF work in 2010 showed that those countries that deployed capital account regulations were among the least hard-hit during the worst of the global financial crisis. As numerous countries across the globe began using controls in 2010-2011, further IMF work showed that those measures showed signs of working, too. Sarkozy thus called for a code of conduct on capital controls and tasked the IMF to propose a set of guidelines for reform. The IMF delivered a set of guidelines in April of this year that met stiff resistance from the emerging market and developing countries that have been most successful in deploying capital controls. The IMF’s proposed guidelines recommend that countries deploy capital controls only as a last resort – that is, after such measures as building up reserves, letting currencies appreciate and cutting budget deficits. Developing countries thought the guidelines missed the point. In the cases where the IMF found controls to be effective, such measures were part of a broader macroeconomic toolkit, and were deployed alongside other measures – not as a “last resort”. In October, these concerns were echoed by an independent task force of academics and former policy-makers that I co-chaired. We stressed that “consigning such measures to ‘last resort’ status would reduce the available options precisely when countries need as many tools as possible to prevent and mitigate crises.” By the runup to the Cannes meeting, most of the G20′s apparatus was focused on the eurozone. However, a working group was formed to take the capital flows issue to the highest level. Headed by Germany and Brazil, the group forged the “G20 Coherent Conclusions for the Management of Capital Flows Drawing on Country Experiences”. The document was “endorsed by the G20 finance ministers and central bank governors in October, then endorsed by the G20 leaders themselves in Cannes. In stark contrast to the IMF guidelines, the G20′s conclusions say that “there is no ‘one-size fits all’ approach or rigid definition of conditions for the use of capital flow management measures”, and that such measures should not be solely seen as a last resort. Instead, the G20 now calls on nations to develop their own country-specific approach to managing capital flows and, as Sarkozy said in his final Cannes speech, “the use of capital controls, and this is very important, is now accepted as a measure of stabilisation.” Throughout the crisis, the IMF has usually been keen to accept new direction from the G20, but there are signs that it may be resisting the new G20 consensus on capital flows. The IMF’s latest report addresses the fact that industrialised country policies trigger unstable capital flows to developing countries and that the rich nations need to design policies that are mindful of such negative “spillovers”. Yet, the IMF merely adds that such principles will be added to their existing guidelines – seemingly ignoring the fact that those guidelines have now been superseded by the G20′s decisions. The IMF should not ignore the G20′s direction on capital flows. Rather than pushing ahead on a globally enforceable code of conduct that could eventually lead to capital account liberalisation across the globe, the IMF should instead work to reduce the stigma attached to capital controls, protect countries’ ability to deploy them, and help nations police investors who evade regulation. G20 finance ministers, central bankers and heads of state have endorsed the use of capital controls by emerging markets, and on their own terms. The IMF should not pick and choose which directions by world leaders it will follow. >> Published in the Guardian, 11-29-2011 Comment: Michael Monterey November 30, 2011 at 6:38 pm | #1 Reply | Quote Naturally, the ruthlessly clueless prefer a 3 ring clown act to an equitable global monetary system. And a nod is as good as a wink (to a blind horse)… Is it any wonder that the epitaph on Adam Smith’s tombstone mentions his generally overlooked masterpiece, the “Theory of Moral Sentiments”? There is no mention of his later musings on the “Wealth of Nations” (meant to be read after digesting the content of the main body work preceding it). Perhaps he intuited how obsolete it would become as society devolved into its unimaginably weird future…? Anyway, some friends and acquaintances tend to believe in conspiracy theories much more than I do. I think that moral turpitude, neurotic delusion, selfish complacency, sociopathic ambition, and the legion of other demons afflicting governments and Consumer Society in general can look and act exactly like a massive conspiracy. I also think that the smartest 1%ers and Market Makers think as I do, and watch the cyclic patterns of the herd like successful hunters of every species watch the environment for cues on when and where to go for the kill. Although he clearly deplored the sorry state of the world, Lord Keynes was pragmatic enough to make a fortune for himself and his employer with his realistic responses to the madness of the crowd. Now, however, all the financial predators want to go for massive overkill, sending whole herds of stampeding sheeple over the cliff. This does not bode well for the species or the environment or for what little’s left of humane civilization. Until there is a new socioeconomic paradigm that looks and functions a lot like the one that supports the “gifting economy” of the ecologically sane spiritual cultures, the madness and virulent evils will run rampant round the world; and the consequences will mount as our collective karma ripens. This pathetic debacle of oblivious mass stupidity can only be arrested and remedied by a well orchestrated, concerted effort on the part of all the leaders of society of every field of endeavor. Political ambitions, theorems, and notions must take a back seat to humane responsibility and effective response — mainly informing & instructing the ill-informed — and noble leadership. We are nearly at or beyond the tipping point and a turning point. For humanity to survive and thrive, we must start acting on The Seven Essentials of Sustainable Success: 1. A viable paradigm, a biocentric conceptual context supporting a sane worldview 2. Loving respect for nature, sustaining commitment to the commonwealth, the joy and wellness of children, elders, enlightened spiritual leaders and wise guardians 3. Biocentric awareness and empathy, compassionate sensitivity to environmental conditions, fostering and supporting optimal quality of life for all generations 4. Consciousness of climate change with active commitment to eliminating or mitigating contributing factors and circumstances affecting its severity and rapidity 5. Commitment to sustainably positive, peaceful relations with neighbors, allies and enemies alike, fostering constant improvement with Win-Win strategies and dialogue 6. Thriving through ongoing development and maintenance of beneficial policies, strategies, and enterprises that foster and support lively cultural exchange with economic allies and competitors, while minimizing negativity, risk, damage, and losses 7. Positive, creative cultural responses to whatever challenges sustainably healthy success Doing otherwise would be the doing of what the ancient called demons and devils. Are the realities of negative attitudes, heartless ill-will, sociopathic greed, and normative delusion (denial, selective inattention, wildly unrealistic expectatons, ecocidal corporations, etc.) really any better than evil demons and devils? I’m from Missouri, USA. We Missourians love good old common sense sayings of the country folk, like “the proof is in the pudding,” and our home state’s motto is “show me.” If y’all think that I’m wrong about any of this, please, don’t tell me, show me. And, if you can figure out how to convince our benighted leaders to start leading us away from the cliff of no return, I’d love to see the plan. Until then, this amateur* will keep working to make economics a proactive discipline, centered on solutions, rather than an intellectual indulgence focused on recounting problems and pontificating about closing the barn door after the mule’s long gone. * Amateur: (Fr., ama = love/passion + teur = divine doer) 1. Essentially, one devoted to an endeavor, enterprise, or art primarily for the love of it, rather than for monetary reward or socioeconomic, professional, or academic status, etc… >>>

6 Comments to “unMoney”

  1. I think these needs to be summarised for easier assimilation – aim at, say, around 500 words in plain English.

    The theory would also benefit by drawing on the ideas of Henry George, who pointed out that all the problems, including those concerned with money, begin with the simple act of land enclosure.

    • Henry, Thanks. Your comment is really appreciated. I suppose that you & HG may be right about land enclosure, but maybe not. All humanity’s problems, financial, etc., may have started with something much more basic. Yet, we need a well orchestrated, full spectrum solution now. Since it involves getting 7 billion people to replace & remedy over 5,000 years of bad habits, editing The Solution down to 500 words may be impossible, but I am working on a concise summary. I’ll post it ASAP. Happy New World!

  2. Apart from the Fall of Adam and Eve, you cannot get any more basic than land enclosure. If a shipload of people land on an island and share out all the land between them, the next shipload to arrive have no option but to accept whatever terms the first arrivals will give them – or leave.

    Unless the second shipload are better fighters…

  3. If you’re not too fundamentalist, I think you may like my essay on The Fall (a chapter of a forthcoming book on the rise of post-Consumer Society, but for now, let me synopsize.

    The causes I See as more basic & a priori are 1) primordial PTSD, 2) delusions, 3) deceptive stories, 4) vices, and 5) all the other illnesses, weaknesses & distractions & dilemmas inherent to humanity. I also agree with Buddha that the root causes of all our problems are the Three Poisons (AKA as the Disturbing Passions or Afflictive Emotions):
    1. Ignorant deludion (foolishness, selective inattention, denial, etc.)
    2. Greed (insatiable craving, addiction)
    3. Hostility (rage, hate, ill will, violence)

    All the above are characterized to some extent by negativity, obsessive-compulsion, and dysfunctional selfishness.

    I suggest reviewing “Limited Wants, Unlimited Means” and “Wisdom of The Elders” and “Collapse: How societies choose to fail or succeed” then revisiting my Fundamental Theory of Economics & Natural Values.

    For additional background, there are some excellent documentary videos listed at the Green Community Credit System group on Facebook. Cheers

  4. Ooops! Sorry, Henry, I meant to suggest using the links in The Greenbook at > mm-greenbook.blogspot.com < Most of the links at the "GCCS" Facebook group are now posted at the top of this page.

  5. A little History always helps to understand the way forward ……. NEW England WAKE UP ……… TEAR DOWN AND REMOVE ALL SYMBOLS of the EUROPEAN KINGS ……….. No More Empire https://theadirondacksconspiracy.wordpress.com/2015/07/17/the-adirondacks-conspiracy/

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