What I am trying to get across is even where we base our analysis in terms of the energy conversion potential of the economy, which I believe is a positive Story where there is room for ‘Miserable Optimism’, The Miserable element provoked by the future prospect of confronting Twain’s aphorism, ‘ It is much easier to con a man than to convince him he has been conned after the event’
GE2019 TWO OLD FRIENDS DISCUSS THE ISSUES. BREXIT, HEALTH EDUCATION AND LAW AND ORDER AND DEFENCE?
IT DON’T MEAN A THING IF IT AIN’T GOT THAT SWING . TIDES OF THE PETRODOLLAR MOON.
The Economic Superorganism: Beyond the Competing Narratives on Energy, Growth, and Policy
More information: https://www.amazon.com/dp/3030502945/ref=cm_sw_em_r_mt_dp_C8TX7Q6D3TV4HTJ43F6T
The Economic Superorganism: Review and criticism. Close but no Cigar.
#TheRanveerShow #geopolitics #india
Man Made Virus, Intention behind it, Modern Wars & More ft. Rajiv Malhotra | The Ranveer Show 134
Interview with the grievance studies hoaxers
Jordan B Peterson
In the second week of January (2019) I spoke with Dr. Peter Boghossian, Dr. James Lindsay, and Helen Pluckrose, authors of the infamous “Grievance studies” hoax papers. We discussed their motivations and the consequences of their actions.
Portland State University is currently taking disciplinary actions against Dr. Boghossian, having found him guilty of academic misconduct for failing to have PSU’s Institutional Review Board approve his “studies” before they were conducted (!)
Draw your own conclusions…
Google Drive containing all the papers and reviewer comments: http://bit.ly/2OsWnnH
A game theoretic approach to the theory of money and financial institutions
”The monetary and financial system of an economy are part of the socio-politico-economic control mechanism used by every state to connect the economy with the polity and society. This neural network provides the administrative means to collect taxes, direct investment, provide public goods, trade. The money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of commercial law and financial regulation are the basis for economic evaluation and the measurement of trust and fiduciary responsibility among the economic agents. A central feature of a control mechanism is that it is designed to influence process. Dynamics is its natural domain. Equilibrium is not the prime concern, the ability to control the direction of motion is what counts.Money and financial institutions provide the command and control system of a modern society. The study of the mechanism, how they are formed, how they are controlled and manipulated and how their influence is measured in terms of social, political, and economic purpose pose questions, not in pure economics, not even in a narrow political economy, but in the broad compass of a political economy set in the context of society. ”
Virtually all economics since Ricardo been based on equilibrium paradigm.Key corollary: thesis that lower interest rates lead to higher economic growth. 1st empirical test of all classical,neoclassical,Keynesian, post-Keynesian, monetarist,new class econ: https://t.co/7Pej9bVh5g
— Richard Werner (@scientificecon) November 15, 2017
In this response, it is assumed The Committee is seeking to further the public interest, even where this may conflict with the private interests which usually dominate the analysis and debate. This will pose a major challenge to those who have learned their analysis exclusively through channels devoted to promoting private interests, and must “unlearn” erroneous but pervasive assumptions and principles.
What are the economic principles of taxation?
Taxation is at the economic core wherever government supplies significant services such as civil and military protection of property rights, infrastructure, education or healthcare. The UK is no exception.
Taxation comprises three fundamental economic parts:
l Creation of the medium of taxation and issue into the economy
l Distribution of the medium of taxation through the economy
l Collection of the medium of taxation
The medium of taxation
Over the course of history, the medium of taxation has changed several times. Under the earliest systems, taxation was paid in cattle, later moving to grain – generally rice or wheat (tithe systems) or labour (corvée systems). Whenever payments moved to metal tokens issued by the rulers, a money system was born. These tokens were usually made out of scarce and distinctive metals to prevent counterfeiting – silver, sometimes gold. The tokens would move through the economy through economic exchange, but would be demanded back by the rulers as the means of collecting taxes. Wooden tally sticks were the most successful English tax medium. The public demand of tokens to pay taxation ensures a sustained demand and maintains their exchange value across the economy.
Modern taxation systems are still based around the creation, distribution and collection of tokens, but the tokens now take electronic rather than physical form. These tokens are bookkeeping entries in the banking system. The structure of the taxation system and the economy it controls is determined by the rules under which these electronic bookkeeping tokens are created, distributed and collected. Coins and notes are still issued in small quantity, but are subsidiary to to the banking system’s bookkeeping entries.
The economic power of the tax system is determined both by how and where in the economy the medium of taxation is created and where and how the medium is collected.
Contemporary governments grant the exclusive power to issue the medium of taxation to a state sanctioned banking cartel. The banking cartel comprises a central bank and private member banks. The central bank is responsible for price fixing, information sharing, promoting member interests and preventing member defaults. Serving the public interest is not a primary goal of a central bank. The cartel holds the exclusive power to set the price of and issue the medium of taxation. Governments generally prohibit the issue of alternative media for exchange and mandate payments of taxes only in the cartel-issued medium.
The collection of the medium of taxation is under direct government control. Most tax is collected whenever economic production takes place. This places a burden on producers, who must acquire the medium of taxation directly or indirectly from the private banking cartel. The economic effect of taxation is dependent on the rules for calculating the amount of tax which is paid, regardless of who the tax is collected from. Usually, the person from whom the tax is collected can pass the burden of acquiring the medium on to others, generally by paying less for economic inputs, but sometimes by charging more for economic outputs.
The spending power derived from taxation is shared between the government and the private banking cartel. This spending power is transmitted through the economy by banking cartel to their favoured associates, and by the government and their favoured associates. The system is effectively one of dual sovereignty since the sovereign powers of tax collecting and the corresponding issue of money is shared between the government and the banking cartel. This is the most distorting aspect of tax policy.
Grenfel and Stern both state diametrically opposed views as to the reception of and importance of the Brand and Pearson Commissions which is an interesting demonstration how briefing anonymously to the press by official sources is a lottery as to which views and policies prevail within any great institutions processes, we often forget that the throne is not itself secure unless the underpinnings of its processes are soundly supported by able and loyal officials, this true of any organisation, insert your own favourite Pretorian guard cliche.
INTERNATIONAL DEVELOPMENT INTERNATIONAL BANK FOR INTERNATIONAL FINANCE ASSOCIATION RECONSTRUCTION AND DEVELOPMENT CORPORATION lih( OFFICE MEMORANDUM 7 TO: Mr William Clark DATE: Geneva, 27 July 77. DECLAssiFID FROM: Julian Grenfell 1 NOV 302012 SUBJECT: Brandt Commission WBG ARCHIVES CONFIMIAL
Sweden : a little less activist since the change of government, but still much listened to;
Our friend Cabri6 of the Yugoslav delegation has told me that “certain Geneva-based people” are spreading the rumour around that Mr McNamara no longer has any interest in the Brandt Commission and is even against it now. He is quite likely referring to UNCTAD. I have told him that Mr McNamara still stands behind his original initiative, but the ball is now squarely in Brandt’s court. We will give all appropriate assistance but will certainly not create a situation in which it might appear that the Bank was seeking to control the Commission.
A brief and simple explanation of why this crisis was doomed to happen given
by someone who, in 1999, wrote “the possible Big Bang that scares me the most is the one that could happen the day those genius bank regulators in Basel, playing Gods, manage to introduce a systemic error in the financial system”
and then who, while an Executive Director of the World Bank, 2002-2004, did all he could to warn about the utterly faulty regulatory paradigm that had been adopted by Basel… all to no avail.