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 Posted: Tue Sep 9th, 2008 07:23 am
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Joe Kelley
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http://www.jpfo.org/filegen-a-m/batfe-poll.htm

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 Posted: Wed Sep 10th, 2008 01:21 pm
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http://www.informationclearinghouse.info/article20709.htm

This is what the classical economists warned against, yet the tax shift off property onto labor is being done hypocritically in their name. To get the kind of free markets they advocated, taxes should fall on the FIRE sector (finance, insurance and real estate) and monopolies, not wages or bona fide industrial profits stemming from tangible capital investment and employment. 

 

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 Posted: Fri Sep 19th, 2008 02:41 pm
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http://www.informationclearinghouse.info/article20802.htm

Now, if we were to include the costs of bailing out Bear Stearns, Fannie Mae and Freddie Mac, and including the “off-the-balance sheet” costs of the Iraq and Afghanistan wars (invasions) estimated by Noble economics laureate Joseph Stiglitz at $3-5 trillion (probably should be revised to $4-6 trillion now), it would give me a worse headache. So, can we agree that the ultimate tax obligation of your family figure is humongous? Just to give you a little sense of the scale, though, the present $9.5 trillion National Debt works out to be $38,000 per person (based on 250,000 Americans who can be expected to pay taxes). Therefore, for your 6-member family unit, your obligation for the current National Debt is $228,000 (and growing each and every day), and until the day that the Chinese, Japanese, Saudis, other OPEC countries, including the sovereign wealth funds of those countries, come to the U.S. and demand hard assets (i.e., buildings, highways, bridges, companies, airports, planes, aircraft carriers, etc.) and have us sign off on being willing colonies to each of these creditors, your family is on the hook for a monstrous amount. (But, do not forget that corporations, the wealthy and the super wealthy should not be expected to pay their fair share – this is America, don’t you understand?)

 

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 Posted: Mon Sep 22nd, 2008 08:09 am
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The average brainwashed person is bound to believe in the inevitability of a cycle of economic booms and economic busts where society is wandering aimlessly through each high and each low of the cycle.

What can possibly be done to limit the excesses during the up cycle?

Nothing is the answer. Nothing can be done. The up cycle is inevitable, so get in and grab all you can while the cycle is booming. The sky is the limit.

What can possibly be done to limit the extreme depressive lack of business during the down cycle?

Nothing is the answer. Nothing can be done. The down cycle is inevitable, so suffer and bear it.

The smart guys are in tune with the inevitable business cycle, like a conductor is in tune with an orchestra. The conductor points over to the string section and waves the command to buy now, buy now, buy now, the cycle has hit bottom. As the cycle regains power from the bottom the conductor moves his magic wand over to the wind section, buy now, buy now, and buy now, as the music of boom builds higher and higher in volume and speed.

The conductor knows when to hold the percussion section with a command and a wave of his wand. Hold on, don’t buy, it is time to get ready for the crash. Then the peak at the top is reached on pure momentum as the conductor waves frantically to the percussion section, sell, sell, sell, sell, while the mindless economy crashes inexplicably, inevitably, and without any warning – even contradicting the brass sections dissonant cries of further boom during the fall.

The conductor is the legal money monopoly, or The Dollar Hegemony. The idea is to cause the boom and then cause the bust on time like clockwork. The plan works. The feeble minded, the ignorant, and the dupes play along voluntarily like an orchestra filled with professional musicians who pay the conductor for a seat in the orchestra and each musician drops a hat or a instrument case on the floor for donations. The music is horrible, but people still play on. The result of the boom cycle is a flow of power from those who create power to those who conduct and play the music. The mad race to produce anything at all causes many products to be produced that would otherwise never sell. The mad race going up into the boom also produces destructive products, because the influx of liquid power spills into the hands of mad men. The conductor makes sure of this fact.

The boom must be busted somehow; it would never serve the conductor’s or the demonic musician’s purpose to allow the boom to continue ever higher upward. Too much power would spill out; too much power would reach the hands of the intended victims. Too many people would become strong, independent, and autonomous. Too much power would empower people to play their own music.

That would be very bad for the conductor and the demonic musicians who plan on and cause the business cycle. There would no longer be anyone listening to the demonic dissonance of the brass section calling for more spending near the top, spending on war, spending on torture, spending on terror. No signal by the conductor to anyone who would listen or cause a wild mad rush to sell everything and buy nothing as the percussion section hammers the end of the boom and beats down the peak of the gluttonous power climax.

People would merely behave rationally because people would have all the power they needed to accomplish whatever they wanted anytime they felt like employing the abundant supply of power, and they could do so rationally.

For those of you who have been reading my posts I am going to link a reminder to you as the conductor and the musicians are creating the down cycle and pushing that cycle to new lows, and a new bottom.

http://www.globalideasbank.org/site/bank/idea.php?ideaId=904

That link is a historical record of one example of music played outside the demonic orchestra’s assembly.

Please consider rejecting, even for just a moment, all the lies that spew forth from the demonic orchestra’s music, such as: The interest rate must be increased to punish the excesses of poor investment.

That type of sound is generated by the demonic orchestra.

The interest rate must be higher.

Look at the link. The interest rate can be negative. When the producer of legal money wants to create a boom the producer of legal money can write a check from the magic check book. The producer of legal money can then give that money to anyone the producer of legal money wants to have that money. The cost of getting that money is the interest rate.

If the producer of legal money does not have access to the tax fund where tax-payers earn and then send power to the tax fund, the producer of legal money does not produce legal money. The producer of money that is not legal does not have a magic check book, because the tax-payers do not pick up the tab, during the down cycle toward recession and depression.

The producer of legal money in America is a group of people who run a company called The Federal Reserve Corporation and those people have the magic checkbook because those people have access to the tax fund where the working people send their power. The working people send their power as tax payments, tax obligations, and a promise to keep on paying for as long as they work and live within reach of the tax collectors.

Without that link between The Federal Reserve Corporation and the tax fund, The Federal Reserve Corporate People would not have a magic check book where the tax payers bail out all debts caused by The Federal Reserve Corporate People’s investments.

The link between The Federal Reserve Corporation and the tax fund is the link to The U.S. Treasury. If you pay taxes to the U.S.A. your past pay, your current pay, and your future pay goes to The U.S. Treasury fund. The Internal Revenue Service makes sure that everyone keeps their promises to keep on paying so that The Federal Reserve People can keep their magic checkpoint and continue creating the boom and bust cycle.

The promise to pay future payments to The Internal Revenue Service is now a promise to bail out the musicians who collect interest, then make bad investments (bad music), create debt, and loose their shirts when the debt becomes due, so the taxpayer can assume that bad debt, and the musicians can keep their million dollar homes, their expensive cars, and their lavish lifestyles.

The taxpayer must then work more hours for less in return because more of the value of his production goes to more of the musicians who are now part of the ever larger and growing orchestra.

Remember the sound of the demonic music?

Here it is again:

The interest rate must be higher.

Here is the link again:

http://www.globalideasbank.org/site/bank/idea.php?ideaId=904

That is negative interest. That is interest that is less than zero interest. The producer of the legal money, in that historical case above, pays people to spend money. That is a factual possibility once the producer of money has access to the tax fund, the producer of money can pay people to spend money. The producer of money who has access to the tax fund can charge negative interest and by that method the producer of money can create a boom while every other producer of legal money is creating a bust.

That link proves, by historical fact, that the producer of legal money can begin an economic boom at will. The producer of legal money can sustain a boom for as long as the producer of legal money can invest that money wisely. As soon as the producer of legal money can no longer invest that money wisely the producer of legal money will no longer be able to sustain an economic boom.

Why did The Federal Reserve lower their interest rate to a level that was negative? Who received the magic money from the magic check book? Where did The Federal Reserve spend that magic money? What did the people at The Federal Reserve invest that magic money into? What was produced by that magic money investment? Was that investment sustainable?

Look at the link.

Here it is again:

http://www.globalideasbank.org/site/bank/idea.php?ideaId=904

The people who seize control of the business of printing legal money must also seize control of the tax fund and the means by which taxes are collected. Once that power to produce legal money is seized by people, then those people can create an economic boom. Those people who seize the power to create an unlimited supply of legal money have the power to invest that money into some other form of production.

Look at the history.

What happens when the people who seize the power to create legal money invest in war?

Now listen, please, to another phrase that is sung by the demonic orchestra. You, the reader, may not recognize the dissonant melody right away. Play this phrase in your mind a few times, not too many times, to see if this phrase becomes familiar.

War is good for the economy.

War is good for the economy.

The reason why that phrase is dissonant to everyone except the musicians who play that demonic music is that the sound of that music is torturous and murderous to the victims of war. The victims of war, the ones who pay the bill, are tortured by that music. The ones who pay the tab are murdered by that music. The ones who receive the power from the victims of war are the ones who play that tune, and they love it.

War is good for the economy.

Look at the link and read that link. After reading that link, listen.

Listen to those phrases.

The interest rate must be higher.

War is good for the economy.

Those are signals played by the conductor who has control of the magic check book, which is backed with a promise by the tax payer to pay any bill, any bad investment, any cost incurred by the conductor who spends the tax fund on any investment including war – including a war that can not and will not be won.

War is good for someone’s economy.

The interest rate is (now) too high for someone.

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 Posted: Mon Sep 22nd, 2008 11:17 am
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Joe Kelley
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http://www.lewrockwell.com/north/north655.html

That above is the song of increasing interest rates. It is the song that is half true. It is the scarcity song, the capitalist pricing scheme song.

Here is a version of the song:

This is rationing by lining up. It is the alternative to rationing by price. Rationing by lining up creates no financial incentive for suppliers of the item in short supply to allocate new supplies to the region of the country which is experiencing a shortage. Instead, delivery schedules remain the same as they did prior to the shortage. This continues the shortage.

 

The song tells a story about two, and only two, choices by which people can solve the problem of scarcity.

A. The capitalist pricing scheme

B. The capitalist pricing scheme (worded differently)

The problem with this song being sung for the Oil Companies is self-evidently duplicitous or "two faced".

What, for example, is the capitalist version of the cause of scarcity? Do they not blame the scarcity on “The Government” with government “price control” legislation? 

See how that works.

Capitalists blame the scarcity problem on government price controls, and then the capitalists prescribe the solution as price control, by capitalists. 

Do you think that I am kidding? 

Read the link. The big bad government dictates punishment when people gouge other people with high prices, so the big bad government causes the problem of scarcity by controlling the price to levels that are too low (according to the capitalists).  

What is the solution to the big bad government price control problem? 

Price control by capitalists is the solution offered by capitalists to the price control problem by government.  

What is the real cause of scarcity? Does Gary North endeavor to find the real truth and then pass on that accurate knowledge to his readership? 

Here is a link that offers evidence as to the real truth behind the gasoline shortage, the other half of the truth that Gary North ignores or is unwilling or unable to know and to pass on. 

http://video.google.com/videoplay?docid=3340274697167011147 

There is another principle by which the scarcity problem can be solved. This solution requires an honest and accurate desire to solve the scarcity problem. I’ll list the first two solutions and then add a third (there are many possible solutions) solution to the problem of scarcity. 
  1. Price controls by government
  2. Price controls by capitalists
  3. The cost principle 

In order to understand the cost principle I’ve discovered a political and economic law that offers the power to understand the cost principle solution to the scarcity problem. 

Power produced into a state of oversupply (ending scarcity) reduces the price (controlled by government, capitalists, sellers, buyers, people, human beings, criminals, legal criminals, liars, thieves, torturing mass murderers, etc.) reduces the price of power while purchasing power increases because power reduces the cost of production. 

If, for example, the suppliers of oil power controlled their price for oil sales based upon the cost principle, then the price of oil would be no more than the cost of oil and that cost is determined by how much it cost to deliver oil to the point of sale. The customer pays all the costs associated with delivering oil to the point of sale. 

That is the cost principle solution. The incentive is to sustain a sustainable business and do so better than any other competitor in a free market. That is the incentive for employing the cost principle. The incentive for employing the cost principle is to sustain a sustainable business better than any other competitor in a free market.  

When I employ the term Free Market the meaning behind that term is a market that is free from falsehood and a market that is free from violence. When capitalist employ the term Free Market, they may mean the same thing or they may mean one of the following meanings. 

  1. The free market is a market that is free from conscience, free from sympathy, free from constraints of honor, free from any sense of humanity whatsoever.
  2. The free market is a market that is free from violence; but it is OK to lie, misdirect, misrepresent, falsify, or otherwise censure, block, exclude, or manipulate data flow to victims (customers) or competitors (enemies).
  3. The free market is a market that is free from crimes that are defined by our exclusive club, enforced by our exclusive club, and adjusted to suit our exclusive club as we deem necessary in maintaining our free market.
The problem with any version of a Free Market where that market enables, encourages, or otherwise apologizes for lies perpetrated by anyone against anyone at any time is that the version is defined by liars speaking or writing more and more lies. 

Gary North is a smart guy. Why does he ignore the true cause of the scarcity problem? The true cause of the scarcity problem is the lies that apologize for legal criminals who purposefully cause scarcity for the reasons that they determine at the time they cause scarcity. How can you find out the reason for the decision to cause scarcity when the people who cause scarcity can be trusted to lie?  

How can you trust a liar? You can trust that they will lie. How can anyone know why the people who have the power to make something scarce, why they decide to make something scarce? 

The answer is found with common sense. People who have the power to make something scarce do so because they profit by that scarcity. In other words; from their perspective it isn’t a problem. Making things scarce is a solution to a problem. 

There isn’t any reason to make this up, or imagine it, to read between the lines – so to speak. 

The data that proves the facts concerning why people who have the power to make things scarce, why they choose to make things scarce, that data abounds. People confess. Whistle blowers blow the whistle.  

Read the first link by Gary North. Listen to the words of Lindsey Williams. Know the truth. The people who have the power to make power scarce cannot sustain their power if everyone has power. People who have power can make more power themselves. The first step is to know the power of the truth. 

It is true, for example, that power can be produced into abundance or “oversupply” so as to reduce the price of power right down to the cost of supplying power and then that abundance of power can be employed to create even more power and the price for power can be pushed even lower because the costs of making power are even lower. A sustainable supply of electric power, abundant supply, and on into oversupply, is limited only by the scarce supply of sunlight, wind, water, and the tide. 

The scarce supply of motor fuel power is limited only by sunlight and our desire to make algae into motor fuel.  

There is no physical reason for the scarcity of power. The reasons offered by people who have the power to make power scarce are half true and therefore half false reasons. Those false reasons are shared by victims and ignorant members of the insiders. The insiders are the people who have the power to make power scarce. Everyone has the power to make power scarce. It is past time to set outside of that scarcity box.  

Power can be produced into an abundant supply, reinvested to reduce the costs of producing power, producing even more power, reducing the cost of power even more, producing power into a state of oversupply, reducing the price of power, while purchasing power increases and increases higher and higher, everyone becomes more and more wealthy, because power reduces the cost of production.

 


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 Posted: Mon Dec 15th, 2008 11:50 am
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http://www.fourwinds10.com/siterun_data/government/banking_and_taxation_irs_and_insurance/social_security/news.php?q=1229218603

While there are similarities between Islamic and western financial systems, certain norms and transactions are exclusive to Islam. In fact, some Islamic financial restrictions are severe enough to render certain western financial practices and transactions absolutely void. For instance, transactions involving riba (interest and usury) and gharar (uncertainty and excessive risk) are prohibited.



Over the years, Islamic finance has not only increased in size, but has also grown complex as finance professionals compete furiously to produce new sharia-compliant transactions and instruments. This innovation is most visible in the world of sukuk. Generally referred to as Islamic bond, sukuk signifies, speaking more accurately, an investment certificate.

 

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 Posted: Fri Jan 2nd, 2009 12:04 pm
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http://www.lewrockwell.com/rozeff/rozeff252.html

Many of us are being held captive by the State under a government that we do not prefer. I refer, not just to libertarians or anarchists or minarchists or greens or socialists or democrats or republicans or any political classification, narrow or broad, but to all of us who are not fascists. Instead of combating each other, we should recognize that we are all prisoners being held in the same prison. Our common enemy is the fascist who refuses to allow us the freedom to choose our own governments. Our common enemy is the fascist who insists on herding us all into the same wars and the same programs under the same rules enforced by a monopoly government. And when we succumb to the temptation to make the other guy have the kind of government that we demand, then we become the fascist.

 

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 Posted: Sat Jan 10th, 2009 09:00 am
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http://praxeology.net/TV-IA.htm

Work in Iceland

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 Posted: Wed Jan 21st, 2009 01:04 pm
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Joe Kelley
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http://mises.org/story/3293

quote:

Looking at the fundamentals from a Keynesian perspective, the Chinese should stop saving immediately and spend everything they have on bridges that dead-end into Himalayan mountains. Construct an armada of unsound merchant vessels. Erect colossal monuments that consume vast resources and spur economic activity.


quote:

China has finally restructured and privatized all of the big national banks. The Agricultural Bank of China (the third largest) recently had its umbilical cord cut and now must sink or swim on its own. This is the opposite of the direction being taken in the West.


Anyone,

I read through most of the article above and at a point in time and space the contradictions grew to an intolerable size and velocity.

In other words: the bull-crap became too deep and I had to step back to fundamental principles as a more efficient and accurate method of viewing the subject.

The subject is money as money fuels economy.

The author of the piece linked (the bull-crap shoveling artist) claims to know this or that about China, The U.S., money, finance, economy, savings, and investment.

How about some fundamental facts first?

1. When money is equal to the things that money buys, one dollar for one thing to buy, then there is economic stability.

That must be understood, in my not so humble opinion (hard earned), before moving onto any thoughts about political economy.

2. When money is made legal, or not-legal (outside of law), then the economy is politicized into a political economy where politicians control the economy.

Einstein has been quoted as saying number three:

3. Everything should be made as simple as possible, but not simpler.

If the reader can now view political economy from these three beginning principles, along with me, we can better understand what is happing now in our world (and cut though the bull-crap).

When money grows faster than the production of things that money can buy there will be a reaction to that change from a stable economy and that reaction will be an increase in the price of the things that money buys. This is very complicated when this principle is viewed on a very large scale where many different moneys are being manufactured and supplied to many people who manufacture and supply the things that money can buy. This principle is simple, the effect is complicated.

Remember this first principle well before moving on. Work your brain some with this principle and make up simple examples that help illustrate the truth of this principle.

Example:

If China makes 1 billion shoes this year and 1 billion shoes next year and 1 billion shoes for 10 years in a stable economy the price of a shoe is 1 Yuan per shoe for 10 years.

Don’t get caught up in entertaining all the things that can cause the shoe to rise or fall in price. The idea here is to know the effect on the price of the shoe caused by the production of money that is produced by the politicians in the political economy.

For 10 years the price of the shoe does not change because the number of units of money does not change, and that is how the supply of money does not cause a change in the price of the shoe.

Now, after 10 years of a stable economy, where the price of the shoe remained the same for 10 years, and the price of the shoe did not change from 1 Yuan for 1 shoe for 10 years, the politicians decide to change the supply of money.

The politicians decide to change the supply of money in one of two ways, according to their plan, the plan they decide to execute, they decide to either double the supply of money or decrease the supply of money by half.

The politicians run some computer models to see what happens to the price of shoes in both cases as the politicians decide to change the supply of money.

A. Doubling the supply of money will double the price of the shoe. The shoe will go from 1 Yuan per shoe to 2 Yuan per shoe.

B. Decreasing the supply of money will reduce the price of the shoe by half. The shoe will go from 1 Yuan to half of a Yuan per shoe.

If you, the reader, run that math problem through your head until you know it and see it for what it is, in reality, you can then begin to understand what the political economists call “inflation” and “deflation” and you really don’t need to know much more than that single and simple principle.

Which choice do you think the politicians will pick?

When the politicians pick choice A the politicians have a lot of new money to spend, and that is one reason why the politicians take over the money making business.

Now I see the very serious need to make this simple principle one step more complicated. The reader may never understand why the politicians would ever voluntarily choose the second option where the choice is to remove money out of the economy and by that choice the politicians begin the process of “deflation” – where the price of the shoe goes down instead of the price of the shoe going up.

The next step here, and now, is to look at something called “The Business Cycle”. The reasoning behind the willful choice to remove money from a stable (or booming = “inflating”) economy is to cause a recession, a depression, a crash, and a down cycle on purpose.

What on earth, you may wonder; would someone, or some group of people, be thinking when someone decides to cause an economic down turn by that decision to reduce the supply of money?

Here is where simplicity wins again against the complex answer. The idea is to cause price fluctuations on a predictable schedule where the politicians (and their business partners) know when prices are at the highest, the lowest, going up from low to high, and going down from high to low. The idea is to sell at the top and buy at the bottom.

This is not news, and this is not the simplistic fancy of an overly imaginative forum member, as many are likely to assume as they are apt to do when faced with simple logic as simple logic explains the unnecessary profusion of diversionary complexity.

Once the power of supplying legal monetary currency is in place, in the hands of those who control this power, that power can then be used to increase prices, decrease prices, and increase prices again – on schedule.

One of the best books that the reader can read to confirm this basic and simple principle is a book written by someone who saw this practice in operation. This book was once infamous. Now this book is well hidden under piles of bull-crap.

Here is a link:

http://www.mininova.org/tor/2152570

If the reader has learned something simple from my explanation and the reader wishes to further test out his or her new found knowledge, to apply that knowledge as wisdom, then I can proceed to illustrate that type of chore with thought experiments as the reader and I begin to think and act like political economists. We can pretend to be The Boss and see how our plan manages to stabilize our economy – if you wish.

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 Posted: Fri Jan 30th, 2009 11:28 am
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http://mises.org/story/3299

So to review, the "imbalance" did not start because of too much savings in Asia but rather because of a huge expansion of credit by the Federal Reserve and imprudent welfare handouts by the federal government.

 

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 Posted: Fri Jan 30th, 2009 11:30 pm
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http://www.youtube.com/watch?v=bmADAA97RTI&feature=related

There's no way you own it.

 

 

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 Posted: Wed Feb 11th, 2009 11:28 am
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http://informationclearinghouse.info/article21957.htm

The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.

 

Today conservative forces continue to reject more equitable electoral features such as proportional representation, instant runoff, and publicly funded campaigns. They continue to create barriers to voting, be it through overly severe registration requirements, voter roll purges, inadequate polling accommodations, and electronic voting machines that consistently “malfunction” to the benefit of the more conservative candidates.

 

A debate on the subject of Network (World Wide Web) voting has yet to be conducted (or heard by me) where user freindly (cost free), open source, and crime free (encoded) results are public access, public policed, and public enforced realities.

Here is an example of how powerful that subject, that issue, and that reality is:

http://www.google.com/search?hl=en&q=assassination+politics&aq=0s&oq=assasination+politic

The way that works, as a power, is illustrated by current realities known as selling short, selling long, and something called "put options". People move their individual powers toward a collective power, a fund or store of value, and then that collective power is spent on something. The point of attraction, the reasoning for individuals to move their power to that one location, is adjustable, call it a tax, call it an investment, call it a stock, bond, purchase, ticket, call the impetus whatever you want, each individual wants something, and when each individual wants some future event to happen, something bad for other people, that collective power finances that future event, that future event may not happen, yet, but that future event, powered by millions, is more likely to happen, when millions power the actions that may make that future event happen. Who would bet against a future event that is desired by millions who put their money where their mouths are?
About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses. From this, Debs concluded that capitalism was not just an economic system but an entire social order, one that rigged the rules of democracy to favor the moneybags.
A prosperous, politically literate populace with high expectations about its standard of living and a keen sense of entitlement, pushing for continually better social conditions, is not the plutocracy’s notion of an ideal workforce and a properly pliant polity. Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself. Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace.
Here is where Joe's Law must be contrasted against the above "knowledge".

Power (unlike any other consumable) produced into a state of oversupply reduces the price of power while purchasing power increases (wages effectively go up for everyone) because power reduces the cost of production.

I think, and you may question this please, that the Capitalist Class (whomever they are) know the facts concerning power production (Joe's Law), and that is why competition in the production of power must be defeated by that class of people who call (falsely) themselves capitalists - they are monopolists (see Howe - Confessions of a Monopolist).

Capitalism doesn't devour itself; lies (falsehood) and violence are monopoly powers, powers that devour all other powers including lies and violence. Might does not make right, might devours might, leaving one power left - one last mighty person who defeats everyone else - it is the definition of insanity.

Capitalism is the practice of pricing sales based upon a scarcity index, or "that which the market demands", or whatever price the buyer is willing to pay. That practice, that capitalistic practice, is harmless without lies and violence because any buyer can find a seller who offers a higher value sale at a lower cost, even the buyer can make the thing sold him or herself, if possible. When capitalist set about destroying the competition, with lies and violence, then capitalism becomes un-capitalism or super-capitalism, or whatever word is employed to accurately identify a pricing scheme (or practice) that encourages people to destroy competition, by deceit and violence.

My words are new words, you won't read these words anywhere else, that does not make these observations, these reports, any less accurate, these observations and reports, by me, are merely un-popular - for some reason, or for no reason at all.

The criminal class, or the legal crimnial class, profits from conflict between peaceful capitalists fighitng peaceful socialists, that criminal legal class sells the ammo, and collects the taxes used to make the ammo. How good is that deal? That criminal legal class makes their victims work harder to buy the stuff used to enslave them, to torture them, and to kill them.

This is not old news.

Listen here:

http://www.earlyamerica.com/earlyamerica/milestones/commonsense/text.html

Society in every state is a blessing, but government even in its best state is but a necessary evil in its worst state an intolerable one; for when we suffer, or are exposed to the same miseries by a government, which we might expect in a country without government, our calamities is heightened by reflecting that we furnish the means by which we suffer!

 

 

 

 

 

 

 




 

 

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One of the traits of the current defstag, and I don’t exaggerate when I use that word, means that there are too many goods chasing too few buyers, too much money chasing too few profitable investment outlays, too many workers chasing too few jobs; too many banks chasing too few impoverished savers and depositors. etc. This is true not only of capitalism’s current cyclical slump but applies to all facets of the crisis. The essence of the crisis of capitalism is overproduction. Or over-accumulation.


What is overproduction? What are its properties? At what stage in the cycle of capital-accumulation does it emerge? What is its cyclical duration? What is its role in capitalism’s business cycle? Milton Friedman , one of the major propagandists of free market fundamentalism and a vulgar apologist of capitalism , put this succinctly when he shoved aside the nostrum of social responsibility on the part of the capitalist: “ a company’s only responsibility is to increase profits for shareholders”. Capitalism defines the relationship between a possessing / exploiting class whose incomes are profits, dividends and rents, and an exploited propertyless class whose income is wages.


It defines the relationship between the oppressor and the oppressed. Hence capitalism’s overriding objective, its alpha and omega, and the masters of capital is not the provision of goods and services to the workers it exploits. That is a surface phenomenon. That is a fetishism. The goal of capital accumulation is to expand and ensure an ever rising mass of profits for a class of propertied owners. The overriding goal is profit and profit maximization. Overproduction is thus not an aberration of the system but inherent in its operation. And this goes back to the beginnings of capitalism’s first Great Depression of 1873, as noted by the Royal Commissioners in their final report. in words that are superbly relevant to the crash of 1929 and our present slump.:


“We think that…over-production has been one of the most prominent features of the course of trade during recent years; and that the depression under which we are now suffering may be partially explained by this fact....The remarkable feature of the present situation, and that which in our opinion distinguishes it from all previous periods of depression, is the length of time during which this over-production has continued …We are satisfied that in recent years, and more particularly in the years during which the depression of trade has prevailed , the production of commodities generally, and the accumulation of capital in this country, have been proceeding at a rate more rapid than the increase of population.”


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http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3599

Electric cars


http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3582

Detroit is the Windy-City?

http://news.cnet.com/8301-11128_3-9945005-54.html

 

http://www.ecogeek.org/content/view/1476/86/

 

"Jet Engine" Wind Turbines Could Quadruple Power Generation

Look around and see the new age dawning, in my town a huge wind mill is now turning, it turns free wind power into cheap electricity and that is an increase in benefit and a lowering of cost.

Does it take an economist to see how a Quadruple of output is another increase in benefit and a lowering of cost?

Who is in charge? Why are they so damn stupid? I think the answer is that the people in charge are not stupid, they profit at our expense, and to find proof of this "follow the money" and that money leads to The Federal Reserve PEOPLE.

Money is purchasing power, money backed by actual power (Oil or Electricity) is more powerful than money backed by stupidity.

 

 

 

 

 

 

Last edited on Sat Apr 25th, 2009 01:00 pm by Joe Kelley

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Competition

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I want to be clear about this. There is good Smith scholarship. If you look at the serious Smith scholarship, nothing I'm saying is any surprise to anyone. How could it be? You open the book and you read it and it's staring you right in the face. On the other hand if you look at the myth of Adam Smith, which is the only one we get, the discrepancy between that and the reality is enormous.

This is true of classical liberalism in general. The founders of classical liberalism, people like Adam Smith and Wilhelm von Humboldt, who is one of the great exponents of classical liberalism, and who inspired John Stuart Mill -- they were what we would call libertarian socialists, at least that ïs the way I read them. For example, Humboldt, like Smith, says, Consider a craftsman who builds some beautiful thing. Humboldt says if he does it under external coercion, like pay, for wages, we may admire what he does but we despise what he is. On the other hand, if he does it out of his own free, creative expression of himself, under free will, not under external coercion of wage labor, then we also admire what he is because he's a human being. He said any decent socioeconomic system will be based on the assumption that people have the freedom to inquire and create -- since that's the fundamental nature of humans -- in free association with others, but certainly not under the kinds of external constraints that came to be called capitalism.

It's the same when you read Jefferson. He lived a half century later, so he saw state capitalism developing, and he despised it, of course. He said it's going to lead to a form of absolutism worse than the one we defended ourselves against. In fact, if you run through this whole period you see a very clear, sharp critique of what we would later call capitalism and certainly of the twentieth century version of it, which is designed to destroy individual, even entrepreneurial capitalism.


 

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http://lewrockwell.com/riggenbach/riggenbach3-5.html

 

Some libertarians, then as now, did not think of the State as a criminal band, however.  These “minarchists,” or “limited government libertarians,” believed with Ayn Rand that “[t]he proper functions of a government fall into three broad categories […]: the police, to protect men from criminals – the armed services, to protect men from foreign invaders – the law courts, to settle disputes among men […]. [240]   Clearly, then, they would have been no more likely than the anarchists to support the Progressives’ calls for old age pensions or workplace safety regulations or “improved” schools and parks.  Nor would they have been likely to accept the New Left’s commitment to forced integration of privately owned businesses.  So far as Rand and the other minarchists were concerned, the only true “crimes” were murder, rape, other types of assault, theft, and fraud.  Refusing to associate with someone, even for a stupid or reprehensible reason, should not, in their eyes, be regarded as a criminal offense.

Still, despite their differences, there is an important common denominator linking these three political ideologies – progressivism, new leftism, and libertarianism.  They are all on the Left.

This claim will seem surprising to many.  Most people today, if they know about libertarianism at all, tend to think of it, along with conservatism, as part of the Right.  In the September 2005 issue of Harper’s, for example, editor Lewis Lapham referred to “the several armies of the imperial right – conservative and neoconservative, libertarian and evangelical.” [241] Libertarians themselves tend to see the matter in this way.  Yet a brief look at the history of the relevant political terms – Left and Right, liberal and conservative – will persuade us that libertarianism has absolutely nothing in common with anything on the Right.  For it is as the anarchist Murray Bookchin said back in 1978: “People who resist authority, who defend the rights of the individual, who try in a period of increasing totalitarianism and centralization to reclaim these rights – this is the true left in the United States.  Whether they are anarcho-communists, anarcho-syndicalists, or libertarians who believe in free enterprise, I regard theirs as the real legacy of the left […].”  And what about the socialists, the Maoists and Trotskyites, and the liberals of the Democratic party? Bookchin was asked.  What about the people most Americans regarded as “the Left”?  Those people, Bookchin replied, were “going toward authoritarianism, toward totalitarianism.”  They were “becoming the real right in the United States.” [242]

Bookchin was referring here to a conception of Western political history in which, as Karl Hess had put it a few years earlier, on “the far right […] we find monarchy, absolute dictatorships, and other forms of absolutely authoritarian rule,” while the Left “opposes the concentration of power and wealth and, instead, advocates and works toward the distribution of power into the maximum number of hands.”  Just as the farthest Right you can go is absolute dictatorship, Hess argued, so “[t]he farthest left you can go, historically at any rate, is anarchism – the total opposition to any institutionalized power, a state of completely voluntary social organization […].”


 

And for anyone who  may conclude that the above is some aberation, or some new discovery of history, even a wild speculation, here is a quote from someone who figured this stuff out before the Civil War:


 

Again, Socialism assumes every shade and variety of opinion respecting the modes of realizing its own aspirations, and, indeed, upon every other point, except one, which, when investigated, will be found to be the paramount rights of the Individual over social institutions, and the consequent demand that all existing social institutions shall be so modified that the Individual shall be in no manner subjected to them. This, then, is the identical principle of Protestantism and Democracy carried into its application in another sphere. The celebrated formula of Fourier that “destinies are proportioned to attractions,” means, when translated into less technical phraseology, that society must be so reorganized that every Individual shall be empowered to choose and vary his own destiny or condition and pursuits in life, untrammeled by social restrictions; in other words, so that every man may be a law unto himself, paramount to all other human laws, and the sole judge for himself of the divine law and of the requisitions of his own individual nature and organization. This is equally the fundamental principle of all the social theories, except in the case of the Shakers, the Rappites, etc., which are based upon religious whims, demanding submission, as a matter of duty, to a despotic rule, and which embody, in another form, the readoption of the popish or conservative principle. They, therefore, while they live in a form of society similar in some respects to those which have been proposed by the various schools of Socialists, are, in fact, neither Protestants nor Democrats, and, consequently, not Socialists in the sense in which I am now defining Socialism. The forms of society proposed by Socialism are the mere shell of the doctrine,--means to the end,--a platform upon which to place the Individual, in order that he may be enabled freely to exercise his own Individuality, which is the end and aim of all. We have seen that the shell is one which may be inhabited by despotism. Possibly it is unfit for the habitation of any thing else than despotism, which the Socialist hopes, by ensconcing himself therein, to escape. It is possible, even, that Socialism may have mistaken its measures altogether, and that the whole system of Association and combined interests and combined responsibilities proposed by it may be essentially antagonistic to the very ends proposed. All this, however, if it be so, is merely incidental. It belongs to the shell, and not to the substance,--to the means, and not to the end. The whole programme of Socialism may yet be abandoned or reversed, and yet Socialism remain in substance the same thing. What Socialism demands is the emancipation of the Individual from social bondage, by whatsoever means will effect that design, in the same manner as Protestantism demands the emancipation of the Individual from ecclesiastical bondage, and Democracy from political. Whosoever makes that demand, or labours to that end, is a Socialist. Any particular views he may entertain, distinguishing him from other Socialists, regarding practical measures, or the ultimate forms of society, are the mere specific differences, like those which divide the Protestant sects of Christendom. 
   
This definition of Socialism may surprise some into the discovery of the fact that they have been Socialists all along, unawares. Some, on the other hand, who have called themselves Socialists may not at once be inclined to accept the definition. They may not perceive clearly that it is the emancipation of the Individual for which they are laboring, and affirm that it is, on the other hand, the freedom and happiness of the race. They will not, however, deny that it is both; and a very little reflection will show that the freedom and happiness of each individual will be the freedom and happiness of the race, and that the freedom and happiness of the race cannot exist so long as there is any individual of the race who is not happy and free. So the Protestant and the Democrat may not always have a clear intellectual perception of the distinctive principle of their creeds. He may be attached to it from an instinctive sentiment, which he has never thoroughly analyzed, or even from the mere accidents of education and birth.

 

Read the rest here:

http://anarchism.net/scienceofsociety.htm

Or here:

http://classicalliberalism.blogspot.com/2006/04/science-of-society-no_10.html

 

Last edited on Fri May 8th, 2009 08:34 am by Joe Kelley

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http://lewrockwell.com/north/north715.html

 
+++++++
Ellen Brown is a lawyer. She is anti-Federal Reserve. So, she gets a hearing in conservative circles. This is unfortunate. There is nothing conservative about her. She is an apologist for statism and the United States Treasury (a wholly owned subsidiary of Goldman Sachs).

Her article is about the hyperinflation of Germany, 1921–23. She has no understanding of what happened or why, but she talks as if she does.

If you want the real story on the German hyperinflation, you can get it on the Mises.org site. All of these are available for free.
+++++++ 

Good morning people, 

The above link and quote sparks and interest in me to convey questions and possible answers concerning current human events where the forces of evil continue to overpower innocent humans and happy life on Earth.  

Gary North wrote the article and again half of the truth is better than none, unless the mind perceiving half the truth assumes a false second half. 

The article is a warning to anyone who may fall into a trap of deception whereby the listener is misinformed about money. I find this to be incredibly ironic. Many so called “experts” on political economy are very authoritative and simply wrong, a false perspective is more destructive than an ignorant one because an ignorant perspective is at least open to the possibility of learning that which is not accurately understood currently, while the false perspective goes happily down the path of destruction.

The warning in the piece by Gary North above is warranted in simple terms, easy to understand language, and beneficial to anyone who may be steered down the false path of accepting false authority concerning money matters. Specifically speaking there is a danger in blaming the wrong people for pre-meditated actions perpetrated by un-exposed criminals as those criminals plan on and then execute their plan to injure innocent people for profit. Gary North points directly at a specific Central Banker who caused specific things to happen in Germany during the time of Hitler’s criminal (legal crime) reign. 

Gary North does not appear to be interested in exposing the men behind those men. Who benefits most from these pre-meditated and willful acts perpetrated by these legal criminals? 

Gary North will leave his readers thinking in terms of Capitalism and capitalists, the good guys, against the bad guys, those socialists who run Central Banks.

Before anyone badmouths me, if someone has a mind to turn the tables, or point this reflection back at me. I offer, as a challenge, for the reader to read and comment on Gary North’s work, in the link above, and then for the reader to read the following: 

http://www.globalideasbank.org/site/bank/idea.php?ideaId=904
 

++++++++
'The small town of Worgl in the Austrian Tyrol, suffering like every other town in Europe and America from the Great Depression, took the unlikely step of issuing its own currency'
++++++++ 

The point here is to point out how the blame does not go to “socialists” running “Central Banks” where these error prone economic “monetary cranks” (idiots), make the mistake of failing to obey “Austrian Economic” wisdom, where “capitalism” is the only way that leads mankind toward prosperity. 

If the reader has exerted actual careful effort into reading both links and the reader considers my take on this to be unsupported conjecture, I offer the following quote from Gary North’s article: 

+++++++
What the witch was to medieval man, what the capitalist is to socialists and communists, the speculator is to most politicians and statesmen: the embodiment of evil.
+++++++

When people get caught into the clap trap of blaming innocent people for the actions of the guilty, what is the expected result of that error? The guilty are empowered to continue committing their crimes, while the innocent continue to be injured? 

Blame is being projected, explicitly and inexplicitly (subliminally), at innocent people who happen not to be believers in the goodness of capitalism, as a means to economic prosperity or any other supposed end by that means. 

Capitalism is merely a pricing scheme whereby the seller sets the price of the seller’s property at the price determined by the buyers want, or need, of the property for sale. That is the essence of capitalism, when a capitalist will hazard to confess the principle behind their dogma, and few will. 

Capitalists see no other possible method of pricing, such as the price of a thing that is based upon the cost of the thing being sold. Perhaps a capitalist does exist, a self-confessed capitalist, who can see a cost based pricing scheme, but by that capitalist filter, their dogma based ideology, the perception of a cost based pricing scheme is viewed as “monetary crankism” or “economic ignorance” or some other emotional reaction. If a capitalist is capable of exposing the error of a cost based pricing method (not the capitalist method to be sure), then that capitalist has yet to speak, or write, and reach me. 

Speak up if you can, please. 

When a few people command the power to produce and maintain a legal money supply those people can abuse that power. When that power is willfully abused, after having acquired it, the idea is to transfer even more power to the abusers from the people who create power.  

If a capitalist calls the people who create power by the label: entrepreneur and a socialist call the people who create power by the label: laborer: is there any cause for conflict in that discrimination? 

Why do capitalists blame socialists for the deeds of legal criminals? 

Who do socialists blame capitalists for the deeds of legal criminals? 

Why do legal criminals hire propagandists? 

Please enlighten me. 

I read through the whole article written by Gary North and a few things could be answered with more precision. 
  1. What is ideal money?
  2. What is the goal of capitalism, according to a capitalist?
  3. What does Gary North use as a working definition of Socialism?
  4. Who owns the global oil supply?
  5. Who owns the global sunlight supply, the global water supply, or the global oxygen supply?

    I ask those questions to serve as a base of operations, a point of questioning perspective, to launch into my emotion driven reply (reaction) to Gary North’s diatribe. 

    Abraham Lincoln did not rule a social network where paved roads and an internet connected the individual human beings that constitute that social network. If Abraham Lincoln did rule a social network, only in the north, where paved roads and a communications internet connected the individual human beings that constituted that social network only in the North: then would the North be more powerful than the South by that measure? 

    I ask this so as to compare the relative power involved in creating a means by which the North becomes more powerful than the South. What is the means by which that increase in relative power was managed, and be precise, and accurate in the answer. 

    Having expended some effort in being precise and accurate in the answer to that question just above this sentence, move onto Hitler’s version of Germany and ask a similar question: by what means did Hitler’s social network gain more relative power than France, Russia, and England combined? 

    Can I offer some help in finding the accurate answer? I offer a method of discriminating between two separate forms of power: A. Psychological Power and B. Physical Power. 

    Why do people desire and then construct connections like roads, and the devices that travel on those roads, and the fuel that fuels the devices that travel on those roads, and why to people desire and then construct connections like the telegraph, the phone, the radio, the television, and now the internet? Why is connectivity desired? Why is connectivity constructed?  

    What is money? 

    Abraham Lincoln, or so one story goes, could not finance the elimination of the competition in The South, because the private banking monopoly of the time would not loan Abraham Lincoln the money he desired in his effort to eliminate the competition in The South, so Abraham Lincoln desired and produced a competitive money, a money that competed with the private banking monopoly of the day.  

    That story above is not quite true, as far as I know, there is too much data missing, too much data is required to tell the whole story; nothing but the truth. That paragraph above doesn’t include the rate of interest charged by the private banking monopoly for loan products offered to Abraham Lincoln. That is a story within a story, but the idea here is to think in terms of power and how power is employed to satisfy desires, to construct, if construction is desired, to consume, if consumption is desired.  

    If the desire is to eliminate competition, then the banking monopoly power may desire to eliminate Abraham Lincoln, and that story is another story within that story, since Abraham Lincoln was assassinated. Abraham Lincoln happened to be offering competition in money markets, just like Andrew Jackson before him, who was also a victim of an assassination attempt. People do not have to die, to be tortured, to be murdered, to be victims, really. Don’t ask the legal criminals to define victimization, or torture for that matter, they may not be in a position to know the facts, torture may be fun to them, torture may be desired, a fun thing to do – to them. 

    Money is power, or it is not money.

    Why not call money by the name that describes what money does, in fact, why not call money by the name of Purchasing Power, and then why not see how two powers combine in order to increase Purchasing Power. Combine psychological power with physical power and see what happens in your mind, as you employ that power that god gave you.

    With that above in mind, that question, that desire to combine two seemingly disconnected powers: physiological (political) and physical (economic), combined into one power, and then consider the following term: Petrodollar. 

    Lincolns army could have been fueled by oil, had oil been currently flowing through the social network in The North in his day, it was not. Lincoln was blocked from getting money (high interest rates) in his day, and Lincoln was blocked from getting oil power in his day. Had Lincoln the power of a ready oil supply, an oil supply that was demanded, as a necessity, by every other social network on the planet, in his day, he would have had much less trouble getting money. Lincoln would not have had to invent new money, his own money, or the money of his own social network.

    Hitler’s social network was also starving for money, before it became Hitler’s social network. Why was it starving for money? Did you read the link on a competitive money in Austria before Hitler took over? 

    Here is the link again:

    http://lewrockwell.com/north/north715.html 

    Competition is bad for dictators and monopolies, competition offers the victims a way out, and invention is one form of competition. Oil was invented as a motor fuel as well as a commodity to back the currency. Gold may have been a good commodity that did work as a backing for currency, for money, in the past. Now, dear reader, consider the invention of electricity and consider the invention of solar generated electricity.  

    Do these inventions offer the human species a more powerful currency? Are some people threatened by these competitive inventions? Are some people inspired to expend their power toward the elimination of these competitors? What might China look like in 20 years if China continues to expend power toward the creation of more and more Solar Electric Generating Plants and more and more Electric Cars? 

    The Sun charges no interest on the power borrowed.

     

     

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From the "left" above I find:

In Ecuador, a land I have studied and worked in, a broad coalition of indigenous, environmentalists, trade unions, professional organizations, feminists, gay activists, left parties, and students laid the groundwork for transformation. They just re-elected Rafael Correa, their leftist standard-bearer, as president. They fought racism, oligarchs, oil companies, and corrupt politicians for decades.

The economies of Latin America's red eleven are improving, although none of them has instituted a socialist utopia. They are still subject to the slings and arrows of egotism, error, and internecine conflict. But they have overcome the greatest impediments to their advancement, including the U.S.-based bankers who are draining our treasury now. And the civil society they created in the struggle is the guarantor of their democracy.


 

Notice, again, the connection between Oil and Dollars (or Physical Power and Psychological (Political) Power), where an obvious POWER of defense is first imagined into thoughtful being and then executed by physical action – where an Oil Monopoly Power combined with a Money Monopoly POWER is forced out of that land where people reside.  

The remaing question is then; who governs who (after the old bosses are removed from power)?

Here is Marx on that question:

For Marx, capital and labor were not merely two economic categories. Capital for him was the manifestation of the past, of labor transformed and amassed into things; labor was the manifestation of life, of human energy applied to nature in the process of transforming it. The choice between capitalism and socialism (as he understood it) amounted to this: Who (what) was to rule over what (whom)? What is dead over what is alive, or what is alive over what is dead? (Cf. E. Fromm, 1961, 1968)

 

Who takes control of legal purchasing power and how does that arrangement work out in specific transfers of power?

In other words: "How much interest (cost) is paid by who to who for the use of legal money, and be accurate in the answer (no fraudulent data)?"

 

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