TRANSFINANCIAL ECONOMICS, THE NEW EMERGING PARADIGM…….

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  • Sun, Dec 07, 2008 - 08:03pm

    #1
    Searle88

    Searle88

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    TRANSFINANCIAL ECONOMICS, THE NEW EMERGING PARADIGM…….

 

Dear All,

I am in the process of developing a new paradigm which could hold the key to the future. It is called Transfinancial Economics. If true many of the problems of the world could be solved. It is also a win-win approach in which everyone is a winner including the rich AND more importantly the poor. It is a big subject, and I have included a link from the p2pfoundation. Admitedly, it will receive a little more editing but essentially the basics of TFE as it is sometimes referred to are explained.

 

http://www.p2pfoundation.net/Transfinancial_Economics

 

Comments are always welcome.

 

Robert Searle

  • Mon, Dec 08, 2008 - 01:42am

    #2

    gyrogearloose

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

 

 Had a read of the linked page, and well……  You say "If true "  

To put it politely, so far from true

Re do "the crash course. "

 

  • Mon, Dec 08, 2008 - 11:43am

    #3
    Searle88

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

 

Evidently, you do not understand the basics of TFE or else you would not have answered in the way you did. So, I would be interested to see what you do not understand, or do not find clear.

 Most people including economists(!!) would find the ideas alien to mainstream thinking. But they do have their own logic, and power. This may not necessarily be clear to begin with.

 I look forward to some intelligent, and constructive dialogue not only from you but from other people as well.

 Robert Searle.

  • Wed, Dec 10, 2008 - 11:02am

    #4

    gyrogearloose

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

 

Hmmm    needs "Automatic Inflation Adjustment "

Is still a FAIT money system, It seem to miss the point made in the CC inflation is roughly the result of the central bankers creating too much money,

Business are merely reacting to the central banks irresponsibility, and TFE would hand even more power to the government bureaucrats.

Like they have done a good job to date……

Fun mind game for someone obviously, but seriously…….

I am  a Chemical engineer, and the accounting that we were taught as part of our course was clear and logical. Most of the accounting used by financial institutions looks like it is designed to hide the truth, not reveal it.

Cheers Hamish

 

 

 

  • Wed, Dec 10, 2008 - 01:11pm

    #5
    Searle88

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

 

Dear Hamish,and Co,

Thank you for your remarks.

(1) What is "too much" money is largely determined by advanced computer technology. Thus, it would be possible to work this out with special programming in which the electronically registered transactions of the entire registered (and unregistered) economy would be recorded "instantly" at any point of time.A certain amount of  inflation would still be possible, and a point may be reached in which "over-priced" transactions would experience an instant inflation adjustment. In other words, the bank would have powers to transmit to  the customers account an instant electronic subsidy created out of new new non-repayable money.This  would in effect stop any more devaluation of the money involved in the transaction concerned.

What all this essentially means is that new non-repayable money could be created with low to high inflation risk without the need for taxation, and fundraising(for certain NGOs). There would always be enough capital in the economy ensuring a reasonable "natural" equilibrium of supply,and demand.

 Also  these electronic bank processess concerned with inflation checks (and direct controls if absolutely necessary) would be largely automatic requiring little in the way of staff. In other words, little bureaucracy is involved, and the same goes to businesses registration for inflation checks of their products, and services by the government (replacing the tax authorities).

 (2) Private banks could still create, and transmit new money in a measured way as interest free loans, and/or non-repayable money into relevant accounts. There is no reason why even more power should go to  governments "unnecessarily".  

 I would like to resepectively ask you this question, and it is one which I always bring up when people "criticize" TFE. What is your solution to the financial, and global problems? Now,that is a different ball game!!!

  • Wed, Dec 10, 2008 - 02:31pm

    #6

    caroline_culbert

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

Okay.. I read through some of it and I have a few general questions.

1.  How does the government, central to this TFE, obtain their funding if the system depends upon the absence of taxes?

2.  Why did you do this?

I only ask because all systems are corruptable (have loop holes to be found) and the intent or motive to the creation of any system, by its creator, is very important to me.

Thank you.  I’d like to read what you have to say about this TFE.  I like your wiki entry but I would prefer to converse with you directly.  This is great that you are thinking about alternative theories.

Thank you!

  • Wed, Dec 10, 2008 - 04:38pm

    #7

    Reuben Bailey

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

Robert,

The thing that strikes me the most about what I read on the linked page is the presence of the word "control", particularly through computer programming.  This to me is centralized planning.  The idea sounds like a good concept, but I find that such control sounds too "big-brotherish" to me.  It takes us from soverign individuals who have the choice to charge and pay what we think is a fair price for our labor, and gives that decision to someone else.  I also have a distrust of putting computers in this role, particularly where the programing will be done by humans.  They (computers) are wonderful tools, but there is always the "nothing can go wrong – go wrong – go wrong – go wrong" scenario.  It sounds like you are reaching for a reduction in the role that money plays in society as far as status goes, and I agree that we should be headed in that direction, but I think that a top down approach like you propose in not the best way to go about it.

 

What are my solutions for the problems we are facing today?  I don’t have anything so formalized as you, but it basically boils down to expanding what is happening on this site, for a start.  Educating people about the root causes of the problems, discussing the various ideas and proposals, and encouraging everyone to do what ever they can to help themselves and others weather the storm.   We need to be creating the new paradigms that will take us forward, and for me that means an even more dramatic shift than the one you have proposed – it will need to be about localizing what we do, and reducing our level of consumption, living more carefully, and treading more lightly on the earth.  We need to learn from the natural world how to use our land more intensively – not through larger farms and bigger machines, but through emulating nature, useing land for more than one purpose at a time.  

I’m just rambling at this point, but it is a start of what is in my head for possible solutions.  I welcome any questions and counterpoints.

All the best,

  • Wed, Dec 10, 2008 - 05:19pm

    #8

    gyrogearloose

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

[quote=Searle88]

 
I would like to resepectively ask you this question, and it is one which I always bring up when people "criticize" TFE. What is your solution to the financial, and global problems? Now,that is a different ball game!!!
[/quote]

Let the financial markets and economy crash, get rid of fiat currencies, ALOW recessions to happen without trying to fix them.

 

Letting the economies crash will automatically reduce consumption 

Crudely speaking, the current mess is a result of trying to fix recessions.

 

If an economy is facing a recession because there is not enough money around, one is must face the issue of " where did all the money go" instead of just printing more.

It forces restraint on governments. 

 So many of the criticisms of gold as money by people such as Bernanke  are so clearly based on faulty logic.

Bernanke in a speech used the words speculators and "attacked the British gold reserves" in language that clearly would lead you to believe that he was saying that the "speculators" were doing something wrong when they turned up at the reserve bank and demanded that the bank give them gold in exchange for their money ( as was printed on the notes as was in the USA ) The reserves were depleting so fast the government was forced to "close the gold window, and the speculators turned their attention to Americas gold reserves" then the USA government was forced to close the gold window.

And why did this all happen, Because the Banks were stupid and printed more notes than they had gold to back, and a few people caught on and wanted out as the govt and central bank was doing a Mugabie.

It also probably helped in a reduction in confidence in banks which may have contributed to the run on the banks. The common man might have been thinking "after all they broke their promise over gold, so what is next ?"

But Bernanke’s speech was appeared to blame gold for theses problems.

 

Trying to to tightly control a system you do not understand the dynamics of is fraught with the risk of over-corrections caused by a poor understanding of the consequences of the response. Long experience would appear to show that the more control the bankers try to have, the worse the eventual crash is.

 

Cheers hamish

 

 

  • Wed, Dec 10, 2008 - 06:23pm

    #9
    mred

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

Hi, would you mind elaborating more on your concept of "unearned interest free money" and/or "unrepayable money"? Is your suggestion that people and institutions would basically produce their own money "on demand" for their own purposes? I could not discern from your writings any detailed and clear explanation. Finally, are you equating "capital" with "money"? Sorry for the bunch of questions but I don’t think that your texts are clear.

  • Wed, Dec 10, 2008 - 06:31pm

    #10
    Searle88

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    Re: TRANSFINANCIAL ECONOMICS, THE NEW EMERGING …

 

Dear Caroline Culbert,

                          The answer to your first question is simple.

 1) Like banks it creates new money not as loans but as grants(ie. non-repayable)out of thin air. Such transmissions of capital  along with the rest of the money is tracked electronically. This would be the job of banks which incidently would not only be able to create interest free loans but non-repayable money under certain conditions.

 2) Why I have been slowly but surely developing TFE is hard to explain other than a desire to see the end of this ludicrous debt-based financial system. More importantly, it would have profound implications for global justice.

 Also, all systems are corruptable but we do need to be positive and make sure  that safeguards are put in place. It is too easy to become over-negative about such subject as this.

 

Robert Searle.

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