Muso Musings: Fatherhood, Theory & Stuff
"T'is hard the kinds of Knowledge are but two,
The One erroneous, the Other true.
The former profits nothing when 'tis gain'd,
The other's difficult to be attain'd."
Abu Jaaphar Ebn Tophail's
To the LIFE of
Hai Ebn Yokdhan.
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Finacial Illiteracy, The Blind Leading the Blind. National Debts, Defecits, Productivity or, Austerity and other shibboleth´s
In 1729 Benjamin Franklin wrote a pamphlet ´´A modest Enquiry into the nature and the necessity of a paper Currency.''
a modest enquiry,
''There is no Science, the Study of which is more useful and commendable than the Knowledge of the true Interest of one’s Country; and perhaps there is no Kind of Learning more abstruse and intricate, more difficult to acquire in any Degree of Perfection than This, and therefore none more generally neglected. Hence it is, that we every Day find Men in Conversation contending warmly on some Point in Politicks, which, altho’ it may nearly concern them both, neither of them understand any more than they do each other.
Thus much by way of Apology for this present Enquiry into the Nature and Necessity of a Paper Currency. And if any Thing I shall say, may be a Means of fixing a Subject that is now the chief Concern of my Countrymen, in a clearer Light, I shall have the Satisfaction of thinking my Time and Pains well employed.
To proceed, then,
There is a certain proportionate Quantity of Money requisite to carry on the Trade of a Country freely and currently; More than which would be of no Advantage in Trade, and Less, if much less, exceedingly detrimental to it.
This leads us to the following general Considerations.''
It is remarkable that the discourse in the 2017 Election is still essentially illiterate on Financial matters and the axiomatic relationship of debt to money, two sides to an Accounting identity.
Debt is an Asset to the bank, the more the Government or the Citizens are in debt the Richer is the bank and the less debt then the lower the assets of the Bank and the poorer or more properly less liquid, they are, that is there is less money available for bank customers to exchange their goods or to pay interest on loans or taxes, in any event.
Carol Quiggle stated it thus in Tragedy and Hope,
Money and Goods Are Different
”Thus, clearly, money and goods are not the same thing but are, on the contrary,
exactly opposite things. Most confusion in economic thinking arises from failure to
recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”
If Debt is not being created then the money supply goes down and when there is less money it is harder for people to settle accounts with each other for trade.´´
The Answer is to make sure that sufficient money is circulating and available in the economy for productive exchanges to take place and so that the necessaries of life and some of the luxuries can be circulated amongst communities.
There are no shortages of excellent websites now that have set out clearly how the current system works and its inherent weaknesses and vulnerabilities. The number of solutions relates to political choices and there is less agreement about those ideas.
The diagnosis of the present problems with the Banking system is what is important in this Election as where the problem is not properly diagnosed then the suggested remedies will be a shot in the dark.
The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and as any good technologist, scientist and metrologist will tell you a unit of measurement has to be clearly defined and fixed.
discussions — of 'value,' of fluctuating prices, of the gold standard, of changing interest rates, of items of pecuniary wealth which are at the same time items of debt — are
merely discussions looking toward a readjustment of the factors which prevent them
The problem of analysing political choices against the metric of a Monetary measure is the Money as a Thing is most certainly a Variable and as any good technologist, scientist or metrologist will tell you a unit of measurement has to be clearly defined and fixed. The dollar. He notes that it is a variable. Why anyone should attempt, on this earth, to use a
variable as a measuring rod is so utterly absurd that he dismisses any serious
consideration of its use in his study of what should be done. He also considers 'price' and 'value' and the fine- spun theories of philosophers and economists who have attempted to surround these terms with the semblance of meaning. These terms, like the monetary unit, may have had meaning to men in the past but they
mean nothing whatsoever to the modern technologist. The standard of measurement is
not relevant to the things measured; and the measuring rod and the things, measured as if
they were stable, are all variables.
Theresa May has said she wants the Conservative party to be the "voice of ordinary working people once again". That has prompted some to say she's a "Red Tory". But what does that tag mean and is it true?
Imagine the Tory party as an archaeological site. Dig down the layers and you'll find the free trade crusade of Pitt the Younger and the social reform of Sir Robert Peel; the "One Nation" conservatism of Benjamin Disraeli and Margaret Thatcher's embrace of the market.
More recently David Cameron's nebulous notion of a "Big Society" has added another layer of political silt.
So what will Theresa May's contribution to the Conservative Party story be?
Her new manifesto will give us clues, and striking interventions into corporate Britain have already been trailed - putting worker representatives on company boards, creating new rights for employees to request training and a cap on energy prices.
The phrase "Red Tory" comes from the work of an academic called Phillip Blond, who published a book in 2010 called "Red Tory: How left and right have broken Britain and how we can fix it".12345
Another of the 21st Century Pamphlateers. Reading the comments Toby who writes Econosophy and other musings recounts talking to Parents of his daughter about the Leisure economy and Guaranteed Income I would call it something like the Social Dividend or Commons Dividend and it could be Spun as Churchills Net across the Abyss that no one is free to fall below. Anyway raising these questions on hbow things are done is so much like the Empreors New clothes Follow the link for a translation of the original.
So off went the Emperor in procession under his splendid canopy. Everyone in the streets and the windows said, "Oh, how fine are the Emperor's new clothes! Don't they fit him to perfection? And see his long train!" Nobody would confess that he couldn't see anything, for that would prove him either unfit for his position, or a fool. No costume the Emperor had worn before was ever such a…
I clear out the History Cache on my computer fairly regularly my machine runs better with a good amount of free hard disc space as does everyone's it occurred to me today that it would be fun just to blog the review of some of the subjects I had begun my researches on Wikipedia no statistical analysis but just a cut and past to mull over at leisure. A kind of revision for pure intellectual curiosity.
My Main areas of concern in 2001 have been The Uk Property Market, UK property Law particularly the law related to fixed charge recievership and defaults/ non repayment on demand at expiry of agreements, Renewable energy, Sustainability and environmental issues. I am a Carbon Taxing skeptic but devout Tree Hugger and tin foil hatter more of a middle rare earth metaller than flat earther.
Anyway heres my notes document headed I have spared the Google searches and numerous books and articles on all of the same subjects but Wikipedia is fantastic particularly the Discussion Pages.
"If you say so? rather a lot of people seem to be getting rather upset about Basle 3 if it really is that simple and perhaps when the fat lady has sung it will become that simple again.
For now I fear the Goose that laid the golden egg is up for the chop.
The Goose with the Golden Eggs
A CERTAIN MAN had the good fortune to possess a Goose that laid him a Golden Egg every day. But dissatisfied with so slow an income, and thinking to seize the whole treasure at once, …
"Punish The Seller?
You are still missing the point the seller is long since out of the equation when it comes to repossessions/foreclosures they release their rights when the contract between the Mortgagor( borrower ) and mortgagee( Bank) is made. Other third parties introduced by the bank without the Mortgagors knowledge are another matter altogether.
AN old Law lecturer once explained that in contract law the 'ee' was he that gets it the exception being mortgage law where the 'ee' was actually the 'Or', I am beginning to think that perhaps the ee's and ors are the right way around after all the Bank seems to get rather more for rather less don't you think?
The UK Government has received a European Commission ultimatum to hand over £20 million within two months or face legal action. The wrangle is over the fact that import tariffs on frozen garlic from outside the EU are lower than the rates for fresh garlic. And, according to the Commission, UK authorities carelessly levied the lower rate applicable to frozen garlic on imports of the fresh product from China, in breach of EU customs rules.
A Commission statement explained: "Between 2005 and 2006, the UK customs authorities allowed imports of fresh garlic from the People's Republic of China under wrong authorising documents. They have erroneously stated that the goods imported were frozen garlic for which significantly lower import duties apply.
THE BROTHERHOOD OF THE GAS RING. QATARI GAS, OR SAUDI HEGENOMY, TRUMP BACKS THE SAUDIS? TANGLED WEB INDEED
Tangled Web, Syria and Gas. Trump meets Egyptian President, that is a rejection of the Moslem Brotherhood, siding against Qatar in Syria and With Saudi broadly and therefore the ISIL Wahabbist and Saud…
Meet the Fuggers or, its the Money Power stupid. Brexit, The Euro and clueless Elites.
The Eastern Roman empire under Justinian saw the seeds of its final fall to The Ottomans when Abd El Melik started paying tribute in Gold coinage under his own Political Branding you might say.
With all the talk of Brexit being the removal of a final obstacle to the deeper federation of a European State transcending tiresome nationalism, perhaps a little review of History, particularly Monetary history, might not be such a bad thing.
In the review of European competences carried out as a consultation by the foreign office regarding Brexit and or reform requirements of the Eu, two of the papers need to be considered in the context of the Money power argument.
The first paper considered is the Subsidiarity and proportionality aspects of the Lisbon treaty and the competences of the EU institutions vis National and regional democratic institutions. This is a trade-off between Centralised Efficiency and …