Sunday, January 11, 2015

Gut Private Financial Savings By Neutering the Fiat? Why Voluntarily Go Under The Knife Of Deranged Fiscal Surgeons?

   (Commentary posted by Roger Erickson)

Excised. Cut off. Snipped. Removed.

Is this really what you want for your private, financial savings?

Yet that is EXACTLY what the Committee to Neuter the Fiat is relentlessly advising.

For any relation between a CURRENCY ISSUER and the aggregate of all CURRENCY USERS, the accumulating currency held (for distributed liquidity) by a growing population and economy is (for purely sophist reasons, aka, an oddity of history) called the currency issuer's "debt."

For an analogy, as YOU grew from an egg-cell to an adult did you accumulate a runaway "debt" to yourself, for all the growth you issued to yourself?

And did it matter how that "debt" was denominated (i.e., in kg or pounds, cell number, hemoglobin molecules, ATP molecules, calories distributed, etc, etc, etc)? 

Accountants could argue yes to both, purely based on the invented rules of Double-Entry Bookkeeping

Yet that still doesn't mean that you have to pay back to yourself every calorie (or atp molecule) of "debt" to yourself, simply because double-entry bookkeeping has no way to account for the simple act of creation. Pity. 

So such arguments about national "debt" are purely semantic, and ignored by logical people, who've continuously evolved more human culture for tens of thousands of years, despite that runaway "Debt."

Yet these pathetically misguided dimwits at the CNF cleverly argue that the average national wage rises as "private savings falls" - and use that claimed correlation to argue for national austerity.

Like an OCD Luddite, they just won't stop.

Yes, their argument is EXACTLY equivalent to claiming that average cellular nourishment rises during your childhood development & growth spurts if net caloric intake falls. Doh!

By that logic we should rush to starve our developing embryos, fetuses & children - not just impose austerity on our still-growing electorate and national culture!!!

Didn't we start giving up on quack doctors and leeches back in the Dark Ages? Apparently not completely. The last bastion of Quackery is in political lobbies and the orthodox economists they hire.

Could it be that the "average" wage rises during austerity or recession precisely because those who can hoard everything possible during times of panic, when human cultures unleash the quack Luddites, the always-outmoded cultural analogue of an autonomic nervous system? In physiology, we call that "shock" - or when the circulatory system arbitrarily & preferentially shuts down delivery of assets to "peripheral" extremities in order to preferentially preserve supposed "critical organs."

The NET wages certainly can't fall as "National Debt" falls, because those 2 figures are - by the rules of Double-Entry Bookkeeping - equal to the penny. So the stark reality is that the Luddites at the CNF are playing games with the definition of "wages," precisely to confuse their victims.

Yes, Maud, it's true. In large human cultures struggling to retain affinity despite never-before confronted population numbers, any OCD dimwit uncontrollably hoarding static assets still tends to assume that they are therefore more important than citizens who are instead developing dynamic assets, like teamwork (i.e., return-on-coordination).


Not just how, but for what purpose or goal.

Yet the OCD Luddites persist, even though their view has long been known to be exactly ass-backwards, by every tribal culture in history, plus the members of our own DoD, who argue that survival tracks the quality (including tempo) of distributed decision-making (i.e., teamwork). That's right, the most basic axiom of teamwork, and of every social species, recognizes the primal importance of adequately provisioning every team member as well as possible, so that increasingly large strings of static assets can be used in novel permutations, as dynamic assets.

Yet here is the Committee to Neuter the Fiat outright advising that average soldier provisioning actually increases, and improves the Army, when the Generals hoard all the weapons. Were they born in a barn?

Admittedly, they sometimes alter their tune, and advise that when teams sense opportunity, that ever team member takes whatever provisions they can grab, and go home with it. As if that helps, or hurts less.

Why don't they just just make their message more blunt, and promote treason?

Ok, lets ignore the CNF, and instead re-orient to logic and reality.

The reality is that organized teams can do amazing things, by organizing aggregate or Public Initiative.

Public Initiative is otherwise known as national fiat.

And national fiat is denominated, on-demand, as fiat currency - a freely floating indicator denominating the coincidental outcomes of team accomplishments. 

Therefore the volume of fiat currency coincidentally corresponds to the volume of private financial savings, which tracks net national success. More precisely, it is the distributed, private savings of the US Middle Class that counts.

Distributed private financial savings is analogous to the fat reserves of the average human. That's what provides the freedom and ability to express distributed innovation, audacity and invention. It's what allowed American Ingenuity, off and on, for 200 years.

And here's an actual committee dead set on Neutering the Fiat (i.e., reducing the volume AND distribution of private financial savings, which they happen to call a "national debt").

Why is this all occurring? Simply because they are feeble-minded sophists either not capable of dissociating semantic diversity from specifically maladaptive sophism, or not willing to bother to stop and actually think? Either that, or they're actively mis-using semantic diversity as propaganda.

Yes, it's exactly as though large segments of our national policy apparatus - supposedly our nation's "brains" - have been incapacitated by a cultural stroke. Luckily, a human culture, unlike a discrete human CNS, is capable of continuous, unlimited regeneration. Yet regenerative capability doesn't help unless we actually implement it. Let's get on with clearing out these dead, wooden-heads, before our country falls over and fractures something more real than their private savings!

The solution is simple. Don't be too lazy to try one of the following suggestions.

1) Stop and actually think for yourself.

2) Or at least quit listening to and voting for gullible erbils asking you to run in cages for them.

3) Or actively speak out against their willful or possibly Innocent Fraud propaganda.




"Most propaganda is not designed to fool the critical thinker but only to give moral cowards an excuse not to think at all." Michael Rivero



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