Excellent description of where money comes from:

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Tycer's picture
Tycer
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Excellent description of where money comes from:

The movie The Money Masters is chocked full of mind boggling information.

It's not a new movie and was done on a shoestring, but the content is outstanding and necessary for anyone wishing to understand our money and system of money.

From the website:

Segments: The Problem; The Money Changers; Roman Empire; The  Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.S.; Napoleon’s Rise to Power; Death of the First Bank of the U.S. / War of 1812; Waterloo; Second Bank of the U.S.; Andrew Jackson; Abe Lincoln and the Civil War; The Return of the Gold Standard; Free Silver; J.P. Morgan / 1907 Crash;  Jekyll Island; Fed Act of 1913; J.P. Morgan / WWI; Roaring 20s / Great Depression; FDR /  WWII / Fort Knox; World Central Bank; Conclusions.

ENJOY!
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Re: Excellent description of where money comes from:

Yes.  Saw it years ago.

It is a good historical expose on money and if you can stand Bill Still wagging his pen at you the whole movie Smile, it's fine.

Now that you have seen it, you're ready to move to the next phase:  "What has Government done to Our Money" - by Murray Rothbard.

It' a pinnacle.

Here's the Audio: http://bit.ly/74w0Y1

It's available on Mises.org as a free PDF somewhere, but I bought the book too.  It's a good deal.

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Re: Excellent description of where money comes from:

Tycer wrote:

The movie The Money Masters is chocked full of mind boggling information.

I really enjoyed the MoneyMasters and learned a lot from it.  For example, government should issue and control the nations money.  Private banks could continue on but with one important change - they should stop creating all of our money as debt!

TheRemnant wrote:

Now that you have seen it, you're ready to move to the next phase: "What has Government done to Our Money" - by Murray Rothbard.

Government has given away it's sovereign power to issue money to a group of international bankers.  Government has had little to no say for almost 100 years.  Rothbard and the Austrians have criticized the MoneyMasters, Ellen Brown, Byron Dale, Money as Debt and most other true monetary reformists.  Their belief system eschews mathematics and scientific methods - here is a link to my post where I point out some of their deficiencies - Austrian & Keynesian Theories Vs. Mathematical Facts

One of the reasons that the Austrians don't care for the MoneyMasters is Bill Still's prophetic warning, that takes place near the end of the film:

Our country needs a solid group, who really understand how our money is manipulated and what the solutions really are.  Because if a depression comes there will be those who call themselves conservatives who will come forward advancing solutions framed by the international bankers.

Be aware of calls to return to a gold standard.  Why?

Simple, because never before has so much gold been so concentrated outside of American hands.  And never before has so much gold been in the hands of international governmental bodies such as the World Bank, and the International Monetary Fund.

In fact the IMF now holds more gold than any central bank.  A gold backed currency usually brings despair to a nation.  And to return to it, would certainly be a false solution in our case.  Remember we had a gold backed currency in 1929 and during the first four years of the Great Depression.

Likewise, be aware of any plans advance for a regional or world currency, this is the international bankers Trojan Horse.

Amazing stuff - I think the film was made in 1996 or 1998.  Of course, we know the Austrians are champions of the gold standard.  BTW, check sometime to see who has funded Mises...

Larry

Disclosure: I did some of the graphics for Bill Still's new film, "The Secret of Oz"

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Re: Excellent description of where money comes from:

Amazing stuff - I think the film was made in 1996 or 1998.  Of course, we know the Austrians are champions of the gold standard.  BTW, check sometime to see who has funded Mises...

Larry

OK Larry.  I will bite.  Who has funded Mises?

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Re: Excellent description of where money comes from:

Hi goes,

Austrian economics would have simply faded away as being an irrelevant pseudo science if not for some very large donors that kept the Mises institute alive and squawking.  More notably, the Coors, Koch and Bradley family foundations have poured millions of dollars into Mises.  

Larry 

 

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Re: Excellent description of where money comes from:

 

Larry,

I followed your link  you provided to the Mises forum and it seemed  it was they that  pointed out some stuff you never mention past the   banker conspiracy.   

And your assertion of government not having a say  is simply not true.    Bankers control the monetary system but government is there to protect that system.       The arrangement is beneficial to both and they have been trampling us for a very long time.  Try counterfeiting Federal Reserve notes and see who knocks on your door:      It won't be someone from  the bank nor a federal reserve employee.   

 

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Re: Excellent description of where money comes from:

Carl Veritas wrote:

I followed your link  you provided to the Mises forum and it seemed  it was they that  pointed out some stuff you never mention past the   banker conspiracy.

Hi Carl, I think you were responding to my post "Their belief system eschews mathematics and scientific methods - here is a link to my post where I point out some of their deficiencies - Austrian & Keynesian Theories Vs. Mathematical Facts."  That is where I mention some of the specific shortcomings and misinformation with both belief systems.  Not sure what you meant, can you clarify?

Carl Veritas wrote:

And your assertion of government not having a say  is simply not true.    Bankers control the monetary system but government is there to protect that system.

What I said is true, we will just have to disagree on this point.  The Federal Reserve is an independent entity by design and charter.  The private Fed does what it wants when it wants.  It is a private corporation.  You may remember Bloomberg tried to sue the Fed under the FOI Act (freedom of information) the Fed won because they successfully argued that as an independent and private corporation, they are allowed to protect their trade secrets.

Government doesn't control the monetary system, the New York Fed does.  That is where the FOMC and PPT are secretly operated.  And, yes, it is legal under their charter for them to secretly manipulate our markets.  In January 2009, President elect Obama publicly stated that a "president shouldn't second guess the Fed" in response to questions about the bankers making deals behind closed doors. 

Larry

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Re: Excellent description of where money comes from:

 

It was a very long post, so if anyone is interested  here is that link again

We could call it   Larry Goes to The  Austrian School   :)

http://mises.org/Community/forums/t/11896.aspx

I tried to find what you refer to  as the Austrian economic theory's  deficiencies but I could only find one (let me know what else you mentioned that I missed)

 

I don't think the Austrian School ignores US Treasury debt,   Corporate or Individual debts.    Their support of  of the abolishtment of the Central Bank will remove the exponential part.     Read about Panama's experience without a central bank or FDIIC.  It's quite interesting.

The Austrian  Quantity Of Money Theory  is not a mathematical concept so of course it doesn't square up with your mathematical facts.   Your 'not enough gold'  falls under this.     Read it,  learn it,   then critique.

 

Let me rephrase since you misread my sentence above:

The NY branch of the Federal Reserve controls the nations monetary system,  and the Federal Government is there to protect that system.

 

 

 

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Re: Excellent description of where money comes from:

Hello Carl,

First, some background as to how we got to this point in this thread 'cause I kinda forgot.

Tycer started this thread with an article that discussed Bill Still's (producer) "The Money Masters."  I think everyone, including Austrian economists, unanimously agree that The Money Masters is a thorough and accurate historical documentary. 

A number of Austrian proponents (G. Edward Griffin, Lew Rockwell, etc.) criticize Still's closing solutions and concerns.  Still offends Austrians when he concludes that their panacea, a gold backed system will be offered as a Trojan Horse from the international banking cartel - hung by the rope of our preference.

In Bill Still's earlier book (1995), "On the Horns of the Beast," he documents the theft of the U.S. gold between the late 1920's through more recent times.  I think it was around 29,000 tonnes of gold; by far the the largest gold heist in history.  The craziness is that despite much evidence to the fact that we have no gold, Austrians want to go back to a gold standard.

Ok, back to your post...

Carl Veritas wrote:

I tried to find what you refer to as the Austrian economic theory's deficiencies but I could only find one (let me know what else you mentioned that I missed).

Here are some exceprts from my post:

"George Orwell’s classic 1984 describes “doublethink” as holding two contradictory beliefs simultaneously and accepting both. To do so denies the existence of objective reality. A good example is the belief in economic theories that contradict mathematical facts.

Both Austrian and Keynesian economic theories hold fundamental beliefs that do not square up with math. The exponential growth of debt in our debt based money system is ignored and refuted by both theories. In place of math, we are offered beliefs such as the “quantity theory of money.”

To deny the exponential growth of debt cuts to the very core and credibility of monetary theories. If the exponential growth can be proven, then equally, Austrian and Keynesian theories are dis-proven. Economic theories hide the fact that a debt based money system is usury by definition and neither Austrian nor Keynesian theories are sustainable. Both systems create bankruptcies and defaults while enriching banks at the expense of the people.

The specie of money doesn’t matter. If our money were backed by gold, the gold would simply be transferred to those who collect the interest. We saw this in 1933 when the gold standard collapsed and we lost most of our gold.

The two prevailing economic theories give us a false sense of choice just like the two party system of Democrats and Republicans. The science of money has been replaced by a belief system just like in the dark ages when science was dominated and defined by religious beliefs. If the next renaissance is to happen, it will come when the science of money displaces unfounded beliefs.

Our debt based monetary system is a form of usury that will result in the transfer of all wealth from the many to the few. The intended outcome is debt slavery and tyranny under the cruel boots of oligarchs - a financial aristocracy."

I think this is accurate and I look forward to any comments... 

Cheers,

Larry

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Re: Excellent description of where money comes from:

Larry,

Stating and disproving are two different things.    You have not disproven any Austrian economic theory here or in your exchange with the  Austrian school linked above in my  post .   

What you have shown however is the mechanics of our current monetary system and its fraudulent nature.

But like I wrote above government is there to protect that system.   

Your proposal to have government directly  print and inject money to the economy  is full of problems related to economics. 

The fluctuating market prices are the signal that aligns production with consumption in the market economy.     In  that a rising price for something, say brown rice, tells businessmen that  demand is high as opposed to supply and profits can be made producing brown rice.  

    As production ramps up, the demand is satisfied,   and prices fall.  Falling prices signals the opposite to potential brown rice producers and further production is reduced.    Capital and resources will then flow to other production (and employment).  All of this activities were a response to consumer demand for a good and that demand was communicated to producers via market prices with their own deisre for profit (and loss avoidance).   Their profit and loss experience tells them if their methods are sound.    To the extent that government does not intervene and favor one business over another,  the competition process in the brown rice market reveals how best  to serve the consumer.   

This is the calculation problem that socialist planners in the old USSR could not cope with.    No private property. no entrepreneurs, no market and no market prices.      The result was  chronic gluts and shortages for even the basic of staples.

   How will Larry the central planner decide or coordinate  which production (and employment that comes with it)    to fund that would be considered fair to all?      With math?  

 

 

 

 

 

 

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Re: Excellent description of where money comes from:

Hello Carl,

We are finding some common ground and I'll concede an important point that you made but first...

Carl wrote:

Stating and disproving are two different things.    You have not disproven any Austrian economic theory here or in your exchange with the  Austrian school linked above in my  post .

1.  My big point that invalidates Austrian and Kenysian economics is that they totally miss the most important fundamental, that is the exponential growth of interest debt.  By ignoring this, it seems to me that their beliefs are fatally flawed from a mathematical perspective. 

2.  They ignore a critical point which is how new money is put into circulation.

3.  Mathematics should be a large integral part of the "science" of money, Austrian expert,  Murry Rothbard dismisses "mathematical economics."

Rothbard states "The mathematical method, like so many other fallacies, has entered and dominated present-day economic thought because of the pervading epistemology of positivism. Positivism is essentially an interpretation of the methodology of physics ballooned into a general theory of knowledge for all fields.

The reasoning runs like this: Physics is the only really successful science. The "social sciences" are backward because they cannot measure, predict exactly, etc. Therefore, they must adopt the method of physics in order to become successful. And one of the keystones of physics, of course, is the use of mathematics."

I suggest that mathematics is a key to economics - it lifts the subject from conjecture to science.  The Austrians are wrong, economics may be predicted and more importantly, theories may be mathematically modeled to determine the performance or outcome.

4.  Austrians preach that "gold is money" and they blame our woes on the boogeyman "fiat money."  They contend that the species of currency trumps all else while in actuality it is a secondary concern at best.  This is the part that bothers me the most as they are obfuscating the truth and denying actual solutions. 

First of all, we don't have near enough gold and silver to consider using it as our national currency.  Ron Paul recognizes this and in response, he suggests PMs be used for "complimentary" currencies where we may be able to back up less than 1% of our money with gold.  While Ron Paul is more realistic than most Austrians, he ignores 99% of our required currency.  Austrians make the absurd claim that the amount of gold doesn't matter. 

This is not a comprehensive plan, it isn't even a starting point.  He and the Austrians should step out of the way and stop criticizing viable monetary experts like Ellen Brown, Byron Dale, Steve Zarlingo, Henry C K Liu, Margrit Kennedy, Bill Still, Thomas Edison, Louis Even, Henry Carey and Abraham Lincoln over the phony gold solution. 

Carl wrote:

How will Larry the central planner decide or coordinate which production (and employment that comes with it) to fund that would be considered fair to all?  With math?

I agree this is a big issue with monetary reform that is not adequately addressed.  Zarlinga for example, suggests central planning should be part of the solution.  I don't think we should take this route though I do think it would be better than the usury we have now.

Humbly, I think I have a unique solution to this potential problem.  My idea is to have the Federal government create all new money but I would separate the power to issue the vast majority of it.  For example, I would have private banks continue to determine the credit worthiness of borrowers and I would give the states the power issue money for infrastructure projects.  The Treasury would provide, but not decide.

Larry

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Re: Excellent description of where money comes from:

omrad Larry,

Again you have not disproved any theory because you have not explained how that theory works and how a mathematical equation could better it

You have exposed the mechanics and  fraudulent nature of our current monetary system but I have said government is there to protect that system.    Your claim that government does not have a say has been addressed so please don't post that again.   It's counterproductive to learning.         

  Money, Bank Credit And Economic Cycles.    

http://mises.org/books/desoto.pdf

If you say a theory is flawed,  you should first explain how it works  so we could determine if you have simply misunderstood it.

 Your understanding of how the gold standard worked---for example-- should be explained before you start typing your prepared script.

  Specially about how it ended,   then make a critique.       This was explained to you by Esuric in your thread at mises.org forum .  

 

My post above regarding production  (jobs come with production)  in our  economy is without  a mathematical modeling guide and you seem to agree that any new monetary system will have to address it.     

   It is my belief (theres a belief finally)   that the more you explore how a new monetary  order could work,  the more you'll slide in issues the Austrian school have been dealing with since the days of Thomas Aquinas, a jesuit priest from the University Of Salamanca in the 16th century   Price ceilings,  'just price'  as matters of justice and equality,   private property etc  .          http://www.answers.com/topic/school-of-salamanca

I'm going to make a pastrami sandwich now.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Re: Excellent description of where money comes from:

Carl wrote:

Again you have not disproved any theory because you have not explained how that theory works and how a mathematical equation could better it

The Austrians and Keynesians totally miss the fallacy of interest debt.  Both of these belief systems eschew simple mathematics; instead they operate off theories and suggest the human factor negates mathematical predictions.  Our debt based system (interest) is mathematically flawed.

It may be algebraically expressed:

a = the amount of a loan contract (the sum of principal + interest)
p = the principal amount
r = the rate of interest as a percentage
t = time (duration)

  • "p" is created as a loan contract
  • "a" must be repaid
  • p + prt/100 = a
  • p < a (as long as the rate of interest is greater than 0)

This formula shows that the contract is impossible, that prt/100 calls for a production of money and cannot be canceled by a production of values. Neither can it be eliminated by a contraction of t, which constantly increases pr/100.  This being true of one contract it must be true of any number of contracts with the credit system may contain. This formula solves one of the important problems of the age and is presented to the scientific people of America for inspection.

The mathematical conclusion which must be drawn from this formula is that the interest on our circulating medium is imaginary and impossible, and under our present system must be satisfied by securities, which is legalized robbery.

The great robber of all our financial prosperity is the legalized power of the dollar to draw interest. It is only legalized power because the dollar is a dead, inanimate piece of matter utterly destitute of the power of increase and when we give it the power to draw interest we give it the power to disturb our business, bankrupt our merchants, to foreclose our real estate and to rob labor of its just rewards. To substantiate these statements we need not at all resort to theory. There is an abundant mathematical proof. Whenever we operate with numbers we have mathematical law and the operations which we perform with numbers must conform to mathematical law and be susceptible of mathematical proof.

Our present monetary system was established by legislation, without any reference to the mathematical science of numbers. Our legislators did not understand that their mandate could not set aside the immutable laws of the universe, and most terribly have the people of this country and England suffered for their stupidity. It is a universal belief that our system is founded in harmony with mathematical law. Turn the pages of all the political economies from Adam Smith to Henry George, and you will search in vain for a single sentence stating that interest is an imaginary quantity, or that a contract calling for interest is a contract calling for the production of money.

This condition corresponds precisely to the past history of the credit system.  It has centralized the real estate of Great Britain into the hands of the noble(?) few and converted her hardy yeomanry into tenant farmers and paupers.  One half of England is said to be actually owned by twelve persons and the other half by less than 20,000.  What this system has done for Great Britain it will do for America.

No one who has not given this subject a thorough and exhaustive investigation, can form any just conception of the vast accumulative power which money derives from interest...This enormous debt is a monument of our ignorance and stupidity. We possess the intelligence to measure vast distances of suns and worlds, to weigh their masses and determine their chemical compositions, but we have utterly failed to frame a system by which we can adjust and balance our social debts and credits without leaving an evidence of debt behind in the form of bonds, mortgages and interest.  - Mary E. Hobart, A Scientific Exposure of the Errors in Our Monetary System, 1891

Mary Hobart recognized the terminal flaw back in 1891.  Surely, over the past 100 years, the Austrians would have seen her work and have had plenty of opportunity to state their case.  Instead, they have ignored the financial quandary of our age.  This mathematical flaw has caused unimaginable suffering and debt slavery over the past 2.5 centuries.  It is a Frankenstein monster assembled in the bowels of the Bank of England.

Carl wrote:

It is my belief (theres a belief finally) that the more you explore how a new monetary order could work, the more you'll slide in issues the Austrian school have been dealing with since the days of Thomas Aquinas

Belief is not required, allow mathematical facts to guide your understanding.  The Austrian school is either very wrong or very complicit - either way it is extraneous and irrelevant.

Larry

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Re: Excellent description of where money comes from:

Komrad,

No theories  explained,      and none refuted.    

 

Unless you're telling us these do not exist,

Give us a for  example on how a mathematical formula can be used to resolve issues with:

 

Private Property

Production (employment)

Markets

Prices

Contracts

 

 

 

 

 

 

 

 

 

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Re: Excellent description of where money comes from:

As much as I admire Bill Still, I have some major problems with "The Money Masters".  Nowhere in the presentation does Still make the connection between the economy and the environment.  The physical economy is a subset of the environment.  Energy drives all processes in the environment and by extension the physical economy.  Abolishing the Federal Reserve, ending fractional reserve banking, returning the power to issue to the Treasury, and eschewing gold or silver as a monetary standard are all good ideas for keeping the monetary system stable and fair.  Sound money will bring price stability, reward thrift, and encourage saving.  All well and good, but not enough.

Still continues to be caught up in the paradigm of growth.  In this warped version of reality, money paid now will always have a claim on future labor.  That's how money is supposed to work.  Of course, we have to be careful about what it is that we call labor.  Most useful work today is not human labor.  It's machine operations on materials that adds value.  Most humans only control machines that perform the actual tasks.  Take away the energy to run the machine and what happens to productivity?  Worse still, take away the energy and how are the machines fabricated in the first place.  This is the dilemma of Peak Oil.  Expensive oil reduces productivity.  Now a worker  must be paid more for making less.  Productivity declines.  In the not too distant future the absence of oil means the abandonment of that particular productive activity.  Don't hold your breath waiting for the alternatives that aren't coming.  Those are decades away if ever.  And there are sum fundamental problems with the so-called alternatives.  They are energetically expensive.  When the hydrocarbon inputs fail, they will be more so.  The upshot is that money paid in the not too distant may not serve as a claim on future labor that does not exist.

To be successful in the long haul, a monetary system must cope with the coming reductions in the stocks of commodities whatever they will be.  Obviously it starts with the total energy available for useful work.  Then comes the reduced productivity.  Last and far from least, the humans in this economy will still require food, water, shelter, clothing, heat, transport, medical services, etc., in a long list of diminishing priorities.  How is this accomplished in a token economy with little left to buy?

Well, I'll tell you how.  More useful work will be accomplished by human labor.  The first five items on the above list of priorities will occupy most of our waking consciousness.  Millions of Americans will be headed back to the land.  People will have to choose between a house full of plastic gizmos and eating.   As transport is more difficult, people will live closer to their sources of sustenance.  No more tangerines from Chile or avocados from Mexico.  A lot of human labor will be taken up with carrying water.  Without pumps run off the electrical grid, water won't move.  Expect to get a lot of your heat from your clothing.  Sweaters will be in vogue when your house is only 55 degrees in the winter.  Wood for the stove?  Sorry, that's being rationed.  Yes, there's lots of gas but building the pipeline is taking a bit longer than we expected.  Horses and other draft animals can help, but they require land for their food, too.

This won't come overnight.  There will be a more or less steady decline after oil depletion kicks in and squeezes production ever lower.  There will be events that punctuate the decline with sudden shifts in conditions that in turn demand new ways of coping.  On the upside, fewer commodities mean less waste and pollution.  Fewer distractions mean getting to know your neighbors as if your life depends on it because it will.  Less time stuck on the freeway means more time working shoulder to shoulder with friends and relatives.  Cooking all your meals in an extended family household means the youngsters will know their elders.

Stills proposals won't fix the coming energy famine.  When it arrives, I'd much prefer a monetary system that has the aim serving everyone instead of turning everyone into its slaves.

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Re: Excellent description of where money comes from:

DurangoKid wrote:

As much as I admire Bill Still, I have some major problems with "The Money Masters". Nowhere in the presentation does Still make the connection between the economy and the environment.

You make some great points in your post and I can only add with respect to Bill Still, that he was focused on history more than solutions.  He rushes the last few minutes of the film with some quick solutions and concerns.  But clearly, his strength is history more than economics.

Carl wrote:

Give us a for example on how a mathematical formula can be used to resolve issues with:

Private Property, Production (employment),  Markets, Prices, Contracts

Let me walk you through this formula again:

a = the amount of a loan contract (the sum of principal + interest)
p = the principal amount
r = the rate of interest as a percentage
t = time (duration)

  • "p" is created as a loan contract
  • "a" must be repaid
  • p + prt/100 = a
  • p < a (as long as the rate of interest is greater than 0)

The formula tells us that collectively, we cannot pay our debt.  It means that many loan contracts are impossible to meet and this fact should terminate the obligation.  It means many will lose their jobs.  It means that we will enslave future generations to debt just to have a medium for exchange.  It means most economists are ignorant of money and math.  It means that mankind cannot figure out that we have been taken by a giant scam.

Larry 

 

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Re: Excellent description of where money comes from:

DK,

You are describing a scenario of scarcity,     whereby there exists  unlimited wants and needs in a world with limited resources which requires choices.

We make choices by comparing benefits from all options.   Alternatively,  choosing an option can be viewed as the cost of rejecting the other options.

Or eliminate want   (Buddhists).       

http://ingrimayne.com/econ/Introduction/Utopias.html

http://ingrimayne.com/econ/Introduction/ScarcityNChoice.html

 

 A  system that allows individuals  to make such choices serves everyone.

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Re: Excellent description of where money comes from:

Komrad Larry,

 

Okay,   debt is bad.     Most economists are ignorant of money and math,  and mankind is the victim of a giant scam.     

 

What is the correct mathematical equation to solve  declining newspaper subscriptions?

 

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Re: Excellent description of where money comes from:

May I ask who cares about a "theory".  How about we just discuss the facts about how our monetary system works and what is wrong with it.  All theory is fine and dandy, but if we fail to really study what is wrong with out monetary system how could we ever come up with a workable solution.

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Re: Excellent description of where money comes from:

 

 

Declining newspaper subscriptions is a theory?

Under your new monetary order ......

 

If Geithner was the money czar,    should he print a few million of the new dollar   (under new management)    to help  increase newspaper subscriptions?    

How and which company?

 

 

 

 

 

 

 

 

 

 

 

 

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Re: Excellent description of where money comes from:

Declining newspaper subscriptions is a theory?

Do you work at a newspaper?

I wouldn't be suprised if newspaper subsriptions are down.  Last I checked the entire economy is going down because the weight of the interest load has finally gotten so high that within a few short years the interest alone at just 6% will be greater than the total combined consumer income.  Meaning that the bulk of the people won't have enough money for food, clothes, newspapers, or anything else since their entire income will be eaten up because of the interest.

I'm also not suprised newspaper subscriptions are down because I've yet to find a newspaper in the country that will publish anything accurate about the effects of interest on the economy as a whole.

Under your new monetary order ......

You must mean a monetary system ran by the people where money is produced for the benifit of the people instead of having money produced as a tool to steal from the people in a way which only one man in 10 million may diagnose, and far fewer truely understand, then yes, a new monetary order.

If Geithner was the money czar,

Why would any thinking person leave the same people in charge who are causing this mess in the first place?

should he print a few million of the new dollar   (under new management)

Even if new money is printed what matters isn't the management if all we replace them with is someone who operates the same way as the old management?  What matters is the principles under which the new money is moved into circulation.  We can't borrow ourselves out of this mess, the only solution is to put money into circulation that doesn't represent debt, but represents wealth, and is put into circulation as a payment, unlike today where all money is created as a debt to somebody.

to help  increase newspaper subscriptions?

Why would I want to fund any newspapers when all they do is help the banking system continue this fraud?  They ought to go out of business since they are not willing to help fix what is wrong with America's enslavement monetary machine.

How and which company?

How would funding newspapers debt free help to fix America when nearly 100% of the newspapers out there right now simple will not even touch this money issue and work hand in foot helping the banking system to continue this fraud.  The only reason I say nearly 100% is because there may be 1 out there that I haven't heard of, but I'm very sceptical.

 

If you really want newspaper subscriptions to increase then the people are simply going to have to have the extra income to afford those subcriptions.  If you want those people to have the money to afford those newspaper subcriptions you're going to have to bring money into circulation without debt, because the people absolutely cannot afford any more interest bearing debt.

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Excellent description of where money comes from:

Carl Veritas wrote:

What is the correct mathematical equation to solve declining newspaper subscriptions?

This is an easy equation - the demand variable must be increased.  Simply put, the value of newspapers has diminished over the years and with it, demand.  Investigative journalism no longer exists in newspapers.  Instead, they simply copy and paste from news biased agencies like Reuters.  Newspapers provide too much propaganda and not enough news.

The demand variable might also be increased if the newspaper material added other benefits.  For example, if properly constructed, they could be used in lieu of kitty litter.  Locally, newspapers often run promotions whereby you can get a free subscription for several months.  And they get few takers. I suspect for many, it is not worth picking it up from the driveway just to toss it away.

Larry

Carl Veritas's picture
Carl Veritas
Status: Gold Member (Offline)
Joined: Oct 23 2008
Posts: 294
Re: Excellent description of where money comes from:

 

Larry,

 

By Demand Variable do you mean  changing consumer preference,

    and that for newspaper owners to arrest the decline in subscriptions   they must improve their product?   

If so,

What role if any should a monetary authority play in our  theoretical newspaper scenario described above?

Theoretically,  of course.  

 

I'm not sure about that kitty litter thing being part of the equation :)     

 

 

 

 

 

 

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