I agree with Rodney Shakespeare (noted expert on Binary Economics, and discussant on GJM ) that worldwide present economic *remedies* are creating more of the tortures which caused the economic collapse in the first place.
What good is any infra-structure, *make-job* government *investment* when the money (or credit) is key-stroked out of thin air and then lent at compounded interest, which adds to the stupendous existing debt load? It's like using a flame thrower to put out a building fire.
There's more knowledge about the failings of the existing worldwide banking/monetary systems thanks to the Internet, but it has yet to make any sizable dents in governmental public policy –– anywhere in the world, not just the U.S. and England.
I believe some change is inevitable just by doing the math: current debt cannot possibly, ever be repaid. Real economic production/consumption simply cannot pay for it.
To turn this economic ship around is really simple, but nobody in government seems to have the will to do it. Like Rodney says, open up a new, interest-free loan supply from the central banks to qualifying businesses who truly are interested in spreading productive capacity to ALL their stakeholders, and not just to make management of the firm rich.
As disclosed in the company's annual proxy statement, the company I work for pays on average for capital compounded interest at 6.5% This expense stand between my company comfortably existing in the economy or slowly being bled into bankruptcy.
At stockholder meetings, I bring up this FACT, and the FACT that we could attract capital differently (like through worker and customer sharing patronage equity in our assets) and they all look at me like I'm crazy!
I was reading J. Krishnamurti the other day. He wrote in "You are the World" (circa 1972) that mindless searching for "truth" is really futile. Because the searching mind can only find what it already knows; the human mind doesn't have the capacity to find the unknown. This is why we must discipline ourselves to think in a meditative sense, where we are truly open to new revelations that can only be revealed when we empty our minds, or calmly switch it off.
The mind's vision is the projection of its own conditioning. We must extend out past what we have been taught or what we *think* is real. One can see things like the monetary/banking system has totally enslaved humankind. But this can only come when we lose ourselves and observe clearly like a mirror what's staring us fiendishly in the face.
On Jan 27, 2009, at 12:51 AM, Rodney Shakespeare wrote:
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