Witchdoctor came late on the History Crime Scene. The party on the crime scene was ongoing, but he came prepared. He looked around, smiled, frowned, turned in disgust smiling and decided to start sketching a Framework. The framework was the first step to discover whodunit. The clues were many, binded like overcooked spaghetti with some fake meatball sauce, leading to many directions. He decided to Follow the Money principle of investigation, establish The Motive and proceed.
The Framework:
The Three Pots, a Relay (the State ), the Central Bank and a multilevel Spaghetti Junction Crossroads.
The theory is to prove why nothing will work. It is based on the Georges Dumezil theory of three functional ideology structure and state of mind of the Indoeuropean triarchy, evolving in a completely new framework, as follows.The architecture of the three functions organized society is a planned one, not only a natural outcome.There are signs of this in many flags of the States which use three colors or three signs to represent themselves, or any three fold hierarchy like judiciary, legislative and executive, etc.Or the sect or masonic mumbo jumbo using the three as an explanation, from the pyramid, triangle and so on. It has the common Indo -Iranian, Aryan (ring a bell?) root.
It looked messy at the first glance, but the fog in his head started to clear. He took as a lead for the inquiry the fact that, when a big Corporation wants to boost its stock value and profit, it has to sack as many people as it can. The sacking- unemployment is the way to make a profit in this last stage of debt driven economy. More unemployed, more the corporation is worth. Plus the falling wages to counterpart the falling profit rate.The automation, artificial intelligence are coming to speed this process up. The debt driven economy money vacuum cleaner is a relatively simple machine, working on pressure and communicating as leveling expansion and pressure pots, with some relays to keep it in proper direction while puffing and moaning.
Roughly:
The Credit /Money bearing the compound interest is produced by the 1st financial pot,and upgraded with leverage, repacking, securization, stock inflating, asset inflating and is the end of the Debt/money conveyor belt, which is passing from 3rd, 2nd to the 1st Pot.
The 1st expansion/pressure Pot- the Global QEternity, banking, hedging, securitizing,etc financial system. That is the place where the debt driven economy has its core and it is in constant expansion based on any type of debt as an asset.
The 2nd expansion/pressure Pot is the real economy and services market.
The 3rd expansion/pressure Pot is the buffer zone- Expansion Pot, where the losers,the cast out, the unemployed reside as a junkyard and reserve for the 1st and 2nd Pot.Here we have to count also all new precarious jobs, zero hours, vouchers, on demand… slowly all jobs at disposal.
The 1st pot is the Global Perpetuum Mobile sucking machine, living a life of it own,and by the means of the QE rigging and inflating the equities, commodities and asset markets, and controlling the Debt-Bond economy.
The 2nd Pot is the production- consumption – services system. It is in the hands of the Creditor- the 1st Pot- and all the population is the lender of the last resort, a Bail In guarantee with all their property, assets, savings and debt.
The State is The Relay between the Three Pots, sucking and directing the money flow to the 1st Pot by fiscal and interest /credit/debt means.The role and function of the State, parliament, are the kidnapped bodies in service for the 1st pot, conveying the debt/money (money is debt) to the Financial pot.The Treasury is the place where the other part of the debt machine starts by creating constant deficit with compound interest and conveying it through the Central bank to the 1st Pot.
The central Bank and the Banks of Banks (BIS) monitors the debt/money flow and direct it into the right hands.By Qe it also inflates the money supply and trades it on the conveyor belt to the 1st Pot.
We are now in the phase, when the 2nd Pot is obsolete. The Capital and Profit, which the 2nd Pot makes, can not compete with the 1st Pot. In fact, the profit making of the 2nd Pot is too costly, the 2nd Pot is out of the market, his money production cost is too high.Hence the financialization of all processes.In the Old days, the second pot was the Core and origin of the capital and profit, where, after all being paid, the surplus went into savings and assets, investments, real estate, where the wealth accumulated.Now the 2nd pot is just a guarantee for the debt money conveyor belt flowing to the 1st pot.
Th classic chain is broken, the savings are worthless , everybody is riding on Debt..There are no safe havens and long term investment havens.There is no long term plan as a consequence of the debt machine, so there is no planning for any future, It is a zombieland future.The capital and accumulation of the 2nd pot is in fact worthless, compared to the 1st. It seems as the circulating money and the produced capital in the 2nd Pot has a different, much lower real value.The money of the Second Pot is flowing out by the Fiscal policies to cover the debt driven economy and the interest on that. The Relay, the State is pumping money via the Central bank to the First pot, to cover the debt.The 2nd pot has became a mere naked reproduction and subsistence- living on livelihood-place with no future.Ah,where are the times when the 2nd pot was the motor of civilization!
And the Third Pot, the Buffer zone, is growing because of that, the biggest living junkyard on the Planet.
The Three Pots system is still barely working where there is a Central bank Fiat Money. In the countries without the tool of the Fiat Money, as are many in the Eurozone, there is only the 2nd pot to live in and the 3rd- the junkyard. This creatures, living only on taxation income, are almost gone in near future, anyway, obsolete,broke and the State, relaying only on taxes, is defaulting constantly.
So, the neokeynesian theory has failed, and the neoliberal works only for the 1st Pot.
The machine is broken. You have been framed in the Framework of the History Crime Scene.
The conveyor belt bearing debt with compound interest shows the direction.when it starts to slow, as now, the banks will be the first to squeak. That is why they are starting once over to give it “for free”.
The marxist or any similar analysis approach to this new system is mostly outdated and the people proposing it are mostly paid by the Global Masters to lead the ignorant to a dead end alley.They control the opposition, mostly.Same goes, and to even a higher extent, for all far right, right and other racist, sexist, xenophobic,or deluded politiciass, They are the breakers of liberty, always.
No cherry picking here in any department .The supermarket of your choices is broke, selling corrupted goods.
But, we have to resist, bring life back from the voluntary servitude. Etienne de la Boetie wrote it when he was 20 yeas old, 500 hundred years ago…………….
PS; other aspects are in other posts
Or click on the link in the upper right corner- money creation.
WitchDoctor
some minor updates on the expanding of three functions of the system, including the flag colors, etc, nothing special. On 30.10.2016
there should be also some thoughts about the role of a Central Bank in fixing the interest rate. That may be funny and hilarious, looking at it the other way around, i.e. not fixing, but creating it with money expansion/contraction together with the banks and the Treasury and other pals involved…. looks more valid and has huge consequences, rigging or soviet style planning is the last one
I could not resist commenting. Exceptionally well written!|
The information is extremely fascinating.|