This lie downplays the consequences as well, for a system which can only engender terminal indebtedness, itself destroys any veritable way whatever to resolve its ultimate state of collapse, amidst wholly destroyed credit-worthiness.
5. [excluded trivia…]
6. "In other words, there’s not much Ben Bernanke can do for the economy."
Exactly.
So long as there is unearned profit in the imposed systems of dispossession and destruction, and so long as we the unassenting subjects maintain a vital circulation, this process of inherent multiplication of debt to terminal debt is irreversible.
When we can no longer maintain a vital circulation on the other hand, the day of failure is upon us.
Bernanke can only speed up or slow down this terminal process by raising or lowering interest, that we can afford to borrow as is necessary to maintain a vital circulation. All the while nonetheless, ever more of that circulation is inherently dedicated to servicing debt, while ever less thus remains to sustain the surviving industry which is obligated to do so.
7. "He can and should cut interest rates even more — but nobody expects this to do more than provide a slight economic boost."
Only because interest adjustments affect new debt; and existent debt is customarily "re-financed" at considerable further, immediate cost. The effects therefore are intentionally limited by the perpetrators.
Nonetheless, at best, the only power is to extend the date of inevitable failure, for the mere process of maintaining a vital circulation ensures the inevitable failure.
8. "It can provide extended benefits to the unemployed, which will both help distressed families cope and put money in the hands of people likely to spend it. It can provide emergency aid to state and local governments, so that they aren’t forced into steep spending cuts that both degrade public services and destroy jobs. It can buy up mortgages (but not at face value, as John McCain has proposed) and restructure the terms to help families stay in their homes."
Each cited circumstance is a fault of the imposed system which can only be solved by rectifying the system.
We don’t have to "buy up" mortgages. We have to free debtors from usury: we have to re-finance all debt without interest (unassented, unjustifiable profit to the "central banking" system, which publishes the "money" at no cost whatever). This alone solves terminal multiplication of debt in proportion to possible sustenance.
To further solve inflation and deflation, we have to pay the resultant monetary obligations at the rate of consumption or depreciation. This, together with the previous solution of inherent multiplication of our promises to pay each other, alone makes it possible for our promises to pay to be what they promise to pay — a capacity to procure the wealth each of us produce for whatever we deem to be equal measures of wealth produced by others.
What is the consequence of rectifying the imposed system? How could we possibly deteriorate further, if we eliminate multiplication of debt, and if the subjects of said mortgages are thus compelled only to pay $1,000 per year or $83.33 per month on every $100,000 of remaining equity of property originally having a 100-year lifespan?
The benefits of real solution, together with the real reasons that solution is obstructed, are not far to seek.
9. "And this is also a good time to engage in some serious infrastructure spending, which the country badly needs in any case."
Only so, because to preserve all this unearned taking from us, abuse of power has resisted for so long our incontrovertible need and intent to rectify the imposed systems. What Krugman is asking for effectively, is a temporary return of some of the solubility destroyed by the system, while the system yet continues to destroy solubility at an inherently escalating rate.
The time to spend on infrastructure then, was the time to spend on infrastructure. The fact we have not done so, the fact we "badly need" to do so, further testifies to the obstruction so long comprised and multiplied by the very intentions of the unassented monetary systems.
10. "The usual argument against public works as economic stimulus is that they take too long: by the time you get around to repairing that bridge and upgrading that rail line, the slump is over and the stimulus isn’t needed. Well, that argument has no force now, since the chances that this slump will be over anytime soon are virtually nil. So let’s get those projects rolling."
As Krugman himself has said, we are not confronted with "a slump." But the real question is not just whether some ostensible benefit will be provided at some future time within the recession, depression, or utter failure. Neither are the real questions the further matters of whether we can survive to that future time; or whether at that future time, so much further diminished in our capacity to sustain further costs upon the further multiplication of debt which will ensue, we will even be able to afford the products of future developments, which the imposed system has already made us unable to afford.
The question is what can out-strip, inherent, irreversible, perpetual multiplication of debt at inherently escalating rates? What can out-perform inherent failure under inevitable, terminal indebtedness?
5. [excluded trivia…]
6. "In other words, there’s not much Ben Bernanke can do for the economy."
Exactly.
So long as there is unearned profit in the imposed systems of dispossession and destruction, and so long as we the unassenting subjects maintain a vital circulation, this process of inherent multiplication of debt to terminal debt is irreversible.
When we can no longer maintain a vital circulation on the other hand, the day of failure is upon us.
7. "He can and should cut interest rates even more — but nobody expects this to do more than provide a slight economic boost."
Only because interest adjustments affect new debt; and existent debt is customarily "re-financed" at considerable further, immediate cost. The effects therefore are intentionally limited by the perpetrators.
Nonetheless, at best, the only power is to extend the date of inevitable failure, for the mere process of maintaining a vital circulation ensures the inevitable failure.
8. "It can provide extended benefits to the unemployed, which will both help distressed families cope and put money in the hands of people likely to spend it. It can provide emergency aid to state and local governments, so that they aren’t forced into steep spending cuts that both degrade public services and destroy jobs. It can buy up mortgages (but not at face value, as John McCain has proposed) and restructure the terms to help families stay in their homes."
Each cited circumstance is a fault of the imposed system which can only be solved by rectifying the system.
We don’t have to "buy up" mortgages. We have to free debtors from usury: we have to re-finance all debt without interest (unassented, unjustifiable profit to the "central banking" system, which publishes the "money" at no cost whatever). This alone solves terminal multiplication of debt in proportion to possible sustenance.
To further solve inflation and deflation, we have to pay the resultant monetary obligations at the rate of consumption or depreciation. This, together with the previous solution of inherent multiplication of our promises to pay each other, alone makes it possible for our promises to pay to be what they promise to pay — a capacity to procure the wealth each of us produce for whatever we deem to be equal measures of wealth produced by others.
What is the consequence of rectifying the imposed system? How could we possibly deteriorate further, if we eliminate multiplication of debt, and if the subjects of said mortgages are thus compelled only to pay $1,000 per year or $83.33 per month on every $100,000 of remaining equity of property originally having a 100-year lifespan?
The benefits of real solution, together with the real reasons that solution is obstructed, are not far to seek.
9. "And this is also a good time to engage in some serious infrastructure spending, which the country badly needs in any case."
Only so, because to preserve all this unearned taking from us, abuse of power has resisted for so long our incontrovertible need and intent to rectify the imposed systems. What Krugman is asking for effectively, is a temporary return of some of the solubility destroyed by the system, while the system yet continues to destroy solubility at an inherently escalating rate.
The time to spend on infrastructure then, was the time to spend on infrastructure. The fact we have not done so, the fact we "badly need" to do so, further testifies to the obstruction so long comprised and multiplied by the very intentions of the unassented monetary systems.
10. "The usual argument against public works as economic stimulus is that they take too long: by the time you get around to repairing that bridge and upgrading that rail line, the slump is over and the stimulus isn’t needed. Well, that argument has no force now, since the chances that this slump will be over anytime soon are virtually nil. So let’s get those projects rolling."
As Krugman himself has said, we are not confronted with "a slump." But the real question is not just whether some ostensible benefit will be provided at some future time within the recession, depression, or utter failure. Neither are the real questions the further matters of whether we can survive to that future time; or whether at that future time, so much further diminished in our capacity to sustain further costs upon the further multiplication of debt which will ensue, we will even be able to afford the products of future developments, which the imposed system has already made us unable to afford.
The question is what can out-strip, inherent, irreversible, perpetual multiplication of debt at inherently escalating rates? What can out-perform inherent failure under inevitable, terminal indebtedness?
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
