Not The Grub Street Journal

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President Trump talking bollocks

24 Jun, 2019 at 18:26 | Posted in Politics & Society | Leave a comment

buffPresident Trump believes we live in a zero-sum world in which one country’s gain is another’s loss. This is evident in his reaction to Mario Draghi’s comment this week that additional monetary stimulus will be needed if euro zone inflation doesn’t rise. Trump tweeted:

“Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others.”

 

 

 

And Now for a Jokey Answer to Lars.

 

 

Lars , it is a mistake to think that any of those on the world stage are playing the game they pretend to be playing or indeed the Role they are assigned or Billed as performing.
“Pardon me. Men of business do indeed know how they themselves
made their money, or how, on occasion, they lost it. Playing a
long-practised game, they are familiar with the chances of its
cards, and can rightly explain their losses and gains. But they
neither know who keeps the bank of the gambling-house, nor what
other games may be played with the same cards, nor what other
losses and gains, far away among the dark streets, are
essentially, though invisibly, dependent on theirs in the lighted
rooms. They have learned a few, and only a few, of the laws of
mercantile economy; but not one of those of political economy.´´

The Revolution Betrayed. Make 1984 fiction again. Was it fiction? Theory of Oligarchical Collectivism and the revolution betrayed compared. Is the EUssr Soviet. According to the late, Christopher Story, Yes! It most certainly is.

MONEY AND PLAN. We have attempted to examine the Soviet regime in the cross-section of the state. We can make a similar examination in the cross-section of currency. These two problems, state and money, have a number of traits in common, for they both reduce themselves in the last analysis to the problem of problems: productivity of labor. State compulsion like money compulsion is an inheritance from the class society, which is incapable of defining the relations of man to man except in the form of fetishes, churchly or secular, after appointing to defend them the most alarming of all fetishes, the state, with a great knife between its teeth.

Having lost its ability to bring happiness or trample men in the dust, money will turn into mere bookkeeping receipts for the convenience of statisticians and for planning purposes. In the still more distant future, probably these receipts will not be needed. But we can leave this question entirely to posterity, who will be more intelligent than we are. The nationalization of the means of production and credit, the co-operativizing or state-izing of internal trade, the monopoly of foreign trade, the collectivization of agriculture, the law on inheritance–set strict limits upon the personal accumulation of money and hinder its conversion into private capital (usurious, commercial and industrial). These functions of money, however, bound up as they are with exploitation, are not liquidated at the beginning of a proletarian revolution, but in a modified form are transferred to the state, the universal merchant, creditor and industrialist. At the same time the more elementary functions of money, as measure of value, means of exchange and ,medium of payment, are not only preserved, but acquire a broader field of action than they had under capitalism.

The raising of the productivity of labor and bettering of the quality of its products is quite unattainable without an accurate measure freely penetrating into all the cells of industry-that is, with

68 THE REVOLUTION BETRAYED

out a stable unit of currency. Hence it is clear that in the transitional economy, as also under capitalism, the sole authentic money is that based upon gold. All other money is only a substitute. To be sure, the Soviet state has in its hand at the same time the mass of commodities and the machinery for printing money. However, this does not change the situation. Administrative manipulations in the sphere of commodity prices do not in the slightest degree create, or replace, a stable money unit either for domestic or foreign trade. Deprived of an independent basis-that is, a gold basis–the money system of the Soviet Union, like that of a number of capitalist countries, has necessarily a shut-in character. For the world market the ruble does not exist. If the Soviet Union can endure the adverse aspects of this money system more easily than Germany or Italy, it is only in part due to the monopoly of foreign trade. Chiefly it is due to the natural wealth of the rountry.

https://notthegrubstreetjournal.com/2019/06/24/the-theory-and-practice-of-oligarchical-collectivism-by-emmanuel-goldstein-translators-are-false-horses-of-enlightenment-pushkin/

With the establishment of self-contained economies, in which production
and consumption are geared to one another, the scramble for markets which was
a main cause of previous wars has come to an end, while the competition for raw
materials is no longer a matter of life and death. In any case each of the three
super-states is so vast that it can obtain almost all the materials that it needs
within its own boundaries. In so far as the war has a direct economic purpose,
it is a war for labour power. Between the frontiers of the super-states, and not
permanently in the possession of any of them, there lies a rough quadrilateral
with its corners at Tangier, Brazzaville, Darwin, and Hong Kong, containing
within it about a fifth of the population of the earth. It is for the possession
of these thickly-populated regions, and of the northern ice-cap, that the three
powers are constantly struggling. In practice no one power ever controls the
whole of the disputed area. Portions of it are constantly changing hands, and
it is the chance of seizing this or that fragment by a sudden stroke of treachery
that dictates the endless changes of alignment.

https://notthegrubstreetjournal.com/2019/06/21/its-the-monetary-sovereignty-stupid-farage-bojo-trump-alex-jones-and-ron-paul-walk-into-a-bar/

PNAC, Alex Jones, and Ron Paul Partner for a New Pearl Harbor
February 28, 2012 by Keith Gardner

Alex Jones and Ron Paul know a lot about the New World Order and are right about a lot of things. However, they are also working on the New World Order’s biggest endgame, a new economic order, a new economic Pearl Harbor, which will enslave the productive serfs to the idle aristocrats and international bankers. They want total economic enslavement through monetary usury. They want the serfs to love their enslavement and call it freedom. They want the serfs to make tribute payments to the non-productive aristocrats on increasing national debt in the increasing value of gold made legal tender by the New World Order. Alex Jones and Ron Paul promote the communism for the rich known as feudalism.

Alex Jones revealed “The New Pearl Harbor” document from the Project for the New American Century (PNAC) called “Rebuilding America’s Defenses” as part of the New World Order’s agenda. Alex Jones fails to mention another document, written by PNAC board member Lewis Lehrman, called “Money and the Coming World Order: The Creation of International Monetary Order“. The document is hosted on web site called, “Gold Standard Now,” which is a project for the Lehrman Institute. The title is quite revealing that PNAC’s Lewis Lehrman wants a New World Order based on the gold standard. According to Lewis Lehrman, we’ll be on the New World Order’s gold standard in five years.

https://notthegrubstreetjournal.com/2019/06/06/in-quest-of-national-idea-energy-ruble-bound-to-be-the-hardest-currency-victor-efimov-newspaper-chas-pik-may-6-2004/

The nation’s financial system functionally resembles the haemal system of a human body.
Blood supplies a precisely defined amount of oxygen to every single part of the body and carries
away the corresponding amount of carbon dioxide. In the same way, money can ‘supply’ the required
resources for development purposes, raw materials, and power resources to every single business, as
well as carry away the marketable output. In case there is a shortage of money and the system is
bleeding white, all the organs of such system will be collapsing (‘head’ stands for ‘science’, ‘feet’ –
for the ‘agriculture sector’, ‘hands’ – for the ‘industry’, etc).
Over the past 13 years, inflation has exceeded the increment of money supply tenfold, which
distorted the balance of money in hand and the technological need in it. The Russian economy has been
purposely demonetized to hit one of the bottom positions in the world rating. This ‘blood’ loss was
behind the collapse of all the parts of the industrial sector, and the intentionally created ruble vacuum was
designed to be filled with US dollars and other monetary substitutes.
There is no need at all to talk about the banking sector ‘development’ if we are aiming at the establishment
of the financial atmosphere that would facilitate real production. Banking could ‘develop’ for the account of
finance pumped out of the industry by means of the interest rate. We need to restore
the functionally appropriate relation of ‘money supply to GDP’ by a ‘one-shot blood transfusion’
the operation, which may though take some time. The development-bound increase of the money supply
has to be a strictly targeted operation so that we could pull down the national debt, develop high-tech
industries, get rid of the most excruciating social problems. The aggregate money supply will have to
correspond to the capacities and technological needs of the national economy complex, and it has to
be backed by the domestic ‘ordinary product’, not by gold-and-hard currency reserves. In order to
eliminate the artificial money supply deficit, the Treasury of the Russian Federation is supposed to
become the ‘blood donor’, coming up with its’ legal tender notes (bills) for 5 times as much amount
as the current money supply provided by the notes of the Bank of Russia. To avoid inflation, the
amount of Treasury bills issued after the deficiency has been cleared should strictly follow the GDP
growth.
2
State Budget acts as a core source of funds and a money supply in the leading industrialized
countries. It is exactly the instrument that defines priorities and shapes the nation’s development
directions. State priorities stimulate the growth of the affiliated industries and build up the human
resources of the nation. The monetary base of the Japanese yen is backed by gold-currency reserves by
3% and it is 71% secured by budgetary needs and by corresponding government notes. The monetary
base of the US dollar is secured by 7% and 92%, accordingly.
The XX-th century brought sweeping changes to the production of commodities. It’s origin
changed from biogenous to technogenous, and nowadays up to 95% of goods are being produced not
with the use of human muscle power, but technically generated power. It is the power, energy that de
facto plays the role of invariant goods. While calculating the costs of a loaf of bread, a brick, or a pig
aluminium you will realize that it could only be done by taking into account the amount of energy used
in the course of their extraction or/and manufacturing.
We need to undertake enforced by law transition to the energy standard of currency backing;
with kilowatt-hour de-jure introduced as an invariant for each and every item on the price-list. The
currently established prices would let us value a rouble with one kilowatt-hour. The present price
co-relations would remain unaffected, whereas the ruble would acquire some tangible filling, which
could easily be re-calculated into the adjusted volumes of other kinds of energy agents (oil, gas etc.)
The country that will be the first to offer the world its’ money (de-jure) backed by energy standard
will get the strategic advantages, urge investments, and raize international demand in its’ currency.
Interest rate creates fundamental problems in the ruling monetary system; it destabilizes
the economy and it has to be banned by law. Banking activities will have to be remunerated in direct
proportion to the amount and quality of their work and services rendered to the producers, or as their
input in joint production activities. The internal usury mechanisms have been behind the slaughterous
fund-and-profit outflow from real industries to the banking sector, whereas the global supranational
usury made this country addicted to foreign loans. This operation was based on premeditated tenfold
reduction of the nation’s monetary base. The country’s debt burden in the form of paper and digits
inside computers made the country service and pay back the sinister external debts (which came up to
40% of the national budget).
Restoration of elementary common sense in the construction of our external commodity-and-money relations
we have to start from the introduction of the ‘energy ruble’ as the unified
integrated unit of the accounting system. The average rouble values of exports and imports should be
equal. Likewise, paper- and electronic cash-flow into this country should be balanced by counterstream,
which is not supposed to be goods outflow, but data outflow. Foreign trade balance permits us
to straightforwardly transfer our exports into the ruble zone. The only thing needed is a law similar to
the Japanese one in force since 1949, which would put a ban on the sale of goods produced in Russia for
overseas, de-jure, non-supported currency.
The choice is obvious; we have to sell our resources for rubles. In that case, the ruble will not put
pressure upon the domestic market, it will be used in external circulation, it will not be accumulated
in Russia only, but in the European, Asian and American countries, utterly craving our resources.
This is the only way we can implement the task of ensuring the external convertibility of ruble, set
forth in the President’s address. Russian foreign trade balance and exports, twice exceeding imports,
will create the basis for strong demand for rubles and their sale for any currency we would need for
importing.
Ruble-based exports, energy ruble and external convertibility of ruble are mutually related
processes. The demand for rubles will be ensured if some commodities, including energy agents,
become available on the world market exclusively for rubles. National currency can be secured by
commodities only in case this scheme is applied. Currently, our energy resources support the US dollar,
and the international demand for it is partly determined by the possibility of purchasing Russian
goods for that slip of paper.

 

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