FOREWORD
This post should be read with all the links (and more) shown here.
The cargo Cult charlatan economy is still on tracks. Do not be fooled, they just hid
their evil hand. If you carefully listen to the Italian deep fried home appliance and kitchen expert pressure cooker econome guru,present in various disguises on every Italian TV channel day and night Carlo Cottarelli, you ill see that while he is approving Italy current obvious debt skyrocketing, he is warning that this deficit must be repaid back in next months after all people will be vaccinated, with, for the beginning, a doubling of property taxes on apartments and similar personal , maybe VAT, taxes for the “the rich” which means all people who own something since the tax base to repay this outstanding rolling debt needs a very broad tax base. Only the growing GIG economy can not be taxed for obvious reasons of almost no income worth taxing. The Big Business and Corporations are expected to get even lower taxation, so this text below is the proof of the charlatan economy.
Introduction of the concepts of the solution
The paradox of perpetuum mobile mechanism in this case is that, as some theories of Universe are, the energy comes from nothing.That is the current money creation.
In this case the proposed solution economy based on money coming from nothing, producing energy- the economy- is the least entropic economy possible that one can currently apply. The trick is in the constant tight loop of money creation. That makes the economy non entropic.The current debt driven economy is the most entropic and dissipating mechanism one can imagine and the worst sustainable economic model.
In a few decades, it will ruin the planet and is not even able to solve the critical conditions into which it is sinking..
The loop is how to solve the capitalist and overall problem of accumulation, e.g- the capital formation- and the next pillar, the private or any type of property accumulation.
This two facts, accumulation and possession are the beginning of the human race and are inherent in the human monkey evolution.
The current debt driven economy accumulation of capital and property is made with profit making or war or robbery.
Debt driven economy has the crucial problem, which is growth. Growth in the current model is completely entropic and destructive.
GROWTH mechanism of the neoliberal economy is like a cancer.Same laws.It is etely unbalanced, and completely unequal. This is physically speaking, a road to disruption, the supernova of exploding bollocks.
The WD proposed model solves a legal problem of state aid, of constant State subsidies or, if you prefer, of throwing public money out of the window.
The current model makes the State to produce more and more debts, forces economic actors to grow more and in this way repay the Sate debt through taxes or the falling ratio of debt to GDP and the wheel of entropy starts rolling and tumbling.
This solution was and is already in Witchdoctors blog.
Sadly, nobody gives a shit, but, for the cosmic joke sake, Witchdoctor will explain it in simple thermodynamic way, leave it blowing in the wind, feel good knowing that the solution was at hand and that nobody took it , but, he will go in his time travel feeling great, because he solved it and nobody noticed it or wanted it!
This mechanism is an interim solution as it can work along the current entropic PREDATORY economic model of the current charlatans.
That means, when two models grow in simultaneity, the process is transitional. Witchdoctor model wins or, they send the army and it is over. For both models.This is the one of rare ways how to build the alternative along the charlatan bollocks and win!
So, in this solution, Witchdoctor adjusted the current regulations of the neoliberal Oligarchy which are are respected as a empty form, and let the best win, or make war to the solved problem and show your ugly evil nature.
It is not a socialist or a marxist model, far from it.
It is a Different transitional model, not in the sense of social democratic reform bollocks,, and it can be tweaked or targeted in any way the people want. No religion or sharia model, since this are proven to fail,, just good life and fun, or whatever, See, it is not dramatic rhetoric and that is why WD thinks it will be lost in spacetime, but, it is up to you to break your ceiling of doom.
So, why State has always to subsidize in a plain or in a hidden way the debt driven economy? Through debt, taxes, or just through grants?
This is happening for over a century now. It does not work, it makes the system a dissipating machine, which on one side collects from all to throw away to a few on the other side.
Why instead, as you have already read in the series , the Public Bank , when giving money, or the State aid given to the economy is not making a nice anti entropic loop.
When giving money, the State or his Public Bank establishes a virtual ownership without any decision rights on a part of the private, public, community owner which asks or needs aid. The aid is free, it is a virtual entry of a virtual stakeholder in the private owner capital.It is a double entry bookkeeping ledger in the borrower side showing as capital investment stake, and in the side of the Public Bank it in the asset ledger forming added capital for any type of expenditure. That is the Magic!
It is not the Sate aid!
It is not a subsidy!
It is not a Grant- money given for nothing in return!
The Public bank makes money out of nothing, as all do. The company, society, circle of friends,association, community or whoever, requests the money-capital- investment from the Public bank.
The Public bank writes this virtual ownership without any decision rights on this lent ownership whatsoever , as an entry in its own books. In this way the Public bank has made assets , loads of them, on its accounting book entry in form of virtual ownership of all money given to , anybody.
The counterpart receives the needed capital investment. It can spend it for whatever it chooses.
This fair trade regulated market is nothing new or socialist. You very well know or, if not, get informed that the Current neoliberal market is so precsely regulated that it is beyond belief on how many hundreds of thousand of pages the Oligarchy has regulated this charlatan economy..
Same mechanism applies for the farmers, which receive money not as subsidies, but as a virtual nominative ownership participation ..
The artists, writers, actors receive the capital for expenditure as a virtual ownership in their entry ledger Authors Rights book which is established as the authors copyright capital book.
It is a closed loop.
No throwing away anymore of money to the 1%..
Yes, it is a kind of venture capital, risk capital. Crowdfunding by the Public bank. If the subject goes bankrupt, the money is lost, but if the State gave this money in the form of the subsidy, it would have been be lost the same, not only because of the bankrupt subject, but it will be lost also with other subjects which make profits out of subsidies.
That is the current situation in which the State trows money, rights, land, resources away to attract the private capital or to boost the business. If the State has no budget surplus to make this free lunches for the Corporations, it makes debt on the State behalf, or it raises people taxes to divert money into the Corporations.
On the other hand,AS in this solution,The Public bank with this mechanism of virtual ownership, is finally able to target which type of economy it wants.In which company to enter with the virtual ownership.
Like, The PB chooses in which pharmaceutical company to enter with billions, which for the Public Bank become assets and the same they become capital for the company and so help making vaccines or monoclonal antibodies quick.
As you have noted,the EU has invested hundreds of millions into the Big Pharma private companies and the result of this throwing of money without guarantee is that the Big Pharma has signed secret contracts with the EU which the public can not see or consult, even when the money was a public money from EU people taxes! And, Bif Pharma is not fulfilling contracts, paid with public investment, and repaid twice with the vaccine price!
The State with it public bank or with its Central Bank can decide, what green batteries, or fusion power, or , hydrogen, or, whatever.
Both sides make an asset out of this “perpetuum mobile” swap, exchange of energy is at zero net result, but in fact there is a new capital formation for both sides simultaneously!
This mechanism is a simultaneous Asset and Capital formation out of nothing, for both sides and this is anti entropic net zero mechanism and that is why Witchdoctor calls it a perpetuum mobile!
Ok, WD does not wants a prize. Especially when the text has not many complicated words, or , it is non translatable, like Lacan or Derrida..
Same goes with the zero energy housing investments, as WD wrote before.
Or how the Public Bank can target the tax collection by financing with the same mechanism the targeted social groups in chosen tax brackets and so make people work tax free.
The next thing or phenomena, which is avoided here , is the MMT economy problem of public deficit= private spending, which de facto means private profit for the 1%, since this savings due to State debt are only a trifle for the overall population, The Public deficit and debt from the not collected taxes for paying this deficit are a hidden subsidy for the business, the rich 1% and not for the people.
There is no debt bond issuing in this scheme presented by Witchdoctor.
Debt, QE issuing for the 1% of the Oligarchy and the financialization of economy is thereby reduced ta a mere private chums game speculation , when the private subjects can borrow money only from the private banks to spend them in some casino market and thus carry losses for themselves only..Private banks stay on the market, divided in speculative and investing ones. Gambling of the financial subjects becomes their private affair.The State gets out of this inferno game by the mechanism proposed by WD..
Many charlatan economists, sociologist, political scientist, journalists, pr, media, etc, …. put your favorite …here… go back, return to agricultural tasks as the new opportunity, They were always hands thorn away from farming, any way.
THE NEOLIBERAL ECONOMY ON LIFE SUPPORT BY THE STATE
To see that the State is a milking cow of corporations, of the financial markets and of all financial giants like, black rock , vanguard,…is not exact. The State is captured, hijacked and a SERF of this actors.
The State is ESSENTIAL for this current game. Without the regulations and laws put in practice by the State to be milked, squeezed and captured by the Corporations and Financial actors there would be not a current neoliberal system.
The game is: State is milked by the debt bond issuing, taxes and falling wages. This milking goes to the 1%. There have to be 2 sides in this game.
The State is producing debt, subsidies, tax reliefs,grants, free capital injections and working laws which are needed for the global corporate, banking, financial Oligarchy. All this CONSTANT drain of the State resources is going directly in their pockets, for free!
It is beyond belief. The State is draining itself for free and giving all financial and natural resources for free to some , mostly offshore entities. . Logically, all this free subsidies in many forms are draining the population and the inhabitants of the State. The citizens are overburdened by taxation, by the low income jobs, all this so called profit and natural capital flows out from the public sphere. The land disappears in the pockets of the corporations.
The result is privatization of the essential.
THE MILKING BY DEBT, THE MILKING AND DRAIN BY BUDGET DEFICIT,SUBSIDIES, TAX HANDOUTS AND THE AUSTERITY RESPONSE- THE SAME COIN
We start with the MMT fact: Budget deficit= net spending The Charlatan economy, at the current moment in time, calls this cargo cult economic concept to be Procyclical.
Neo New keyness or bllah blah,something newspeak sounding professional.
First the State and especially its citizens are being drained by debt, subsides, tax rebates, almost free handouts of land and land resources which is 90% a net saving for Corporate business ,global financial sector, local friends, etc. The rest of this saving which trickles down to the population ,the other side of debt( budget deficit) in form of net spending, trickles in some lousy minimal percentage to the overall population. On the other hand this global neoliberal competition mechanism of the race to the bottom produces that the demand side, the wage pressure , the purchase power of the majority of the population is getting even more harsh and this leads to precarious gig economy.
THE DEBT is first used as a procyclical tool, to prevent the complete recession, but the aftermath, the austerity of the charlatan economy gets back to the tracks. Form the budget deficits in the times of crisis, or in this times of looming default because of persisting virus pandemics, which is a self fulfilling prophecy of wrong tackling of pandemics, the charlatans are already pressuring the States to start making the budget primary surpluses as soon as situation starts “looking” normal and to start repaying the mass of piling of debt.
That is how the State citizens PAY TWICE this scam of draining resources and falling purchase power. They get nothing out of this vaccuum cleaning methods of wealth.
YOU PAY TWICE. First time with debt, which goes to the 1%, the second time with taxes to repay it. The Charlatan economy squeezes the population purchase power and overall taxation twice! First by budget deficit and equal falling purchase power, gig economy , then with the other side of the same coin, Austerity measures of countercyclical primary surplus of the budget which means more gig economy and less purchase power and more taxation! Primary budget surplus means that you pay more taxes than the State spends on your services, the difference goes to the 1%.
This drain of the people and land ad infinitum is the only plan the Oligarchy has and it is used and implemented and practiced in both seemingly so different situations. That is why the budget deficit and the budget surplus- the debt spending and austerity- have the same result- more bullshit jobs and more gig economy for the majority.
And historically, they never reduce debt, because debt is where 1% feed on.
History proves it. Everywhere. This facts are proven by history.
The Charlatan cargo cult knows this very well. And they have the entropic magic answer to it:
GROWTH
The growth myth and disaster.
Growth is seen as the only way to cushion this shocks.Growth and more and more productivity rise is the way how to be able to repay this two sided hell. That is the CORNER STONE of this, late cargo cult neoliberal plan.With the mathematically unsustainable constant growth the Oligarchy pays for itself,channeled through the State debts, subsidies and tax heavens .
This is paid by the Hijacked State and its citizens. Growth is the desert mirage which works as the way out.That is why they tell you GROWTH, every 5 minutes. Growth ,and your sweat in achieving it ,make people pay the debt through austerity!
Both Debt and Austerity pay the Oligarchy. Growth is the way how this mechanism of charlatan economics defies the logical default of such a sick system.. But this type of growth is deadly. It is unequal, vaccuum cleaning from the bottom to the top and is the end of the Planet.
The infinite growth versus the finite planet. And the population boom makes the rest.
WHY THEY DO IT?
They do it For constant plunder of everything. There is no reason, except one. The Cornerstone. This game is a debt/austerity cornerstone . It is the first Axiom. Without this their holy charlatan cargo cult will crumble.
STATE – THE WHORE AND THE PIMP
Today, the State is a whore, which gives it all to its preferred customers for free. Hey , wait, the waiting queue is not for you. The State Whore gives it for free only to Preferred Customers. You, get lost!
Why do you think the State Pimps itself so hard to Whore for free?
Because in this way the Sate Preferred Customers prosper.
They want the debt through your taxes, purchase power, etc, which you will pay, the whore is counting on you.
he Pimping is for your debt, the net saving which is given for free is for the Preferred Customers. Whoring is free, made by Pimping for the Preferred Customers . The bill, is you who pays.
HOW about The whore and pimp do it yourself? Well, that is the core ideology of the neoliberal capitalism. It is the GIG economy. You whore and pimp yourself on the gig market, waiting that your Preferred App (Customer) calls you. Every person is not a society , as Maggie Thatcher knew.
It is you, your whore and your pimp for yourself. It is also called character building, the way to do it yourself success, the positive thinking, You, Whoring and Pimping in one person, YOUR OWN BOSS. Hi there. Proud Whoring and Pimping, having the destiny in your own.. pants. The dream come true. ALL in one.
THE ESTABLISHING OF THE CRAP SHOOTERS CLASS- THE SOCIOPATH GAMBLING MINDSET- Playing roulette wheel while siding with the Bank
Here we have to call in Karl. Marx. Regardless of this Idealistic voluntarism of actors in a system change or whatever, of Hegelian origin of bad dialectics, mostly bollocks,
Here is the passage which sticks good . It is a logical consequence of Witchdoctor proven thesis of how a person is born as an orphan ( meaning without any special attached identity or previous non genetic attributes) and after, the Role Modeling (building the Ego) starts to determinate this idiot orphan, born naked as a perverted monkey:
According to Karl Marx, human beings enter into certain productive, or economic, relations and these relations lead to a form of social consciousness.
“In the social production of their life, men enter into definite relations that are indispensable and independent of their will; these relations of production correspond to a definite stage of development of their material forces of production. The sum total of these relations of production constitutes the economic structure of society — the real foundation, on which rises a legal and political superstructure and to which correspond definite forms of social consciousness. The mode of production of material life determines the social, political and intellectual life process in general. It is not the consciousness of men that determines their being, but, on the contrary, their social being that determines their consciousness”
Emile Durkheim puts a cherry on it:
Collective consciousness, collective conscience, or collective conscious is the set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society
After 3 decades of this established gambling casino charlatan economics the result is the forming of the new consciousness spreading into all strata of neoliberal society.
The Crap Shooters class, born out of financialization of economy, took over the State, politics and media.They are all Crap Shooters, sociopaths born to gamble. You can see them everywhere, especially in politics, economy,. That is why they lack logic, vision or any plan, They are Crap Shooters, Gamblers gambling for themselves and for their gambling pals.Look at Italian politics- it is a casino.Same for Slovenia, etc.
Trump is a Crap shooter, he even worked there, in the brothel casino business. Joe Biden is not, he is old school Empire cadre..with the house bank on his side, that goes with the job and WD is also talking who controls the house…
But, there is a but. This Crap Shooters want to win. And, guess who wins on the casino roulette? THE HOUSE ALWAYS WINS. IL BANCO VINCE SEMPRE..Les jeux sont fait. La Banque gagne tojours
The roulette House in gambling , translated in Italian is Il Banco- The Bank.
The Charlatan Crap Shooters and their Oligarchy can win only with the BANK. They all stay on the side of the House- The Bank. Bank is the House. Money out of nothing is the House.They , in order to win, have to be with the House- The Bank.
To be on the side of the House Bank, you need to practice a lot of Whoring/Pimping!
So, now we know why controlling the money creation and gambling on the side of the bank is so important.
The whoring and pimping and the casino gambling are the cornerstone of the social and collective consciousness in the neoliberal economy.
The sum total of this relations of production (Marx brother), the real foundation, on which rises a legal and political superstructure and to which correspond definite forms of social consciousness. The mode of production of material life determines the social, political and intellectual life and process in general. The Crap Shooting, gambling, whoring and pimping as the collective consciousness (Durkheim brother) of shared beliefs and moral attitudes.
MIND, this is a fact and is not a Witchdoctor moral judgement.
Crap shooters judged themselves in their relations, so there is no need for them to be judged twice.
Definitely they are dangerous types which will do anything for their benefit and untrustworthy. The untrustworthiness leads to social atomization of the neoliberal system and to the rise of fakes and conspiracies, which are the new fact.
In the Gambling, Crap shooting, whoring and pimping society there is no authority left, and only the regulated plunder or sheer force is the norm , until you are on the side of the HOUSE BANK.
Unfortunately this is true for only less than 1%, dear reader, you may be out because of the structural problems as you are not the 1%.
But, you may self employ yourself and be a self made Crap Shooter or Gambler, whoring and pimping on a small scale without the house bank support.As you know and Maggie thatcher told you, and you obey perfectly, there is no society, there are only individuals, whoring, pimping and betting crap.
The bank always wins, especially the Central Bank with unlimited money creation. That is why you do not have it.
WHY THE VIRTUAL OWNERSHIP AND WHY OWNERSHIP?
The property and the accumulation, the safety,the sweet taste of power, richness and the doom of the system.
Property has two faces.
One is of control, definitely very physical, even with the violence.
The other is the self defense. One needs a place to be safe.
This opposite tendencies are hard to resolve. ALMOST IMPOSSIBLE FOR THE PERVERTED MONKEY.
In the nature of the best- The human- the self defense and the plunder and attack are brothers in arms. This mechanism is transferred to ownership. The ownership brings safety and also expansion, the perverted monkey wants more and more. The accumulation process kicks in. The nature of safety, to control his own place is transposed to overall control of a bigger place and this is a part of a system of rule.
The means of exchange, the money, they sell and buy and we are in it.
Accumulation of land for productive or safety purposes which transfers as a mechanism to the nation building. Plunder. Grab.
Where to put limits on property and with the limits on property one puts the limits of expansion, of a system and of the productive forces.
The current system solves this by different types of property -State, public, Corporation, Bank, cooperative- tribal, personal, family, etc.They are all in competition. Thy have historical roots on different time levels.
The House Bank always wins. Those entities or classes or groups which have privileged access to money creation grab more property. Same goes for the land.
The communist system tried to put limits to certain types of property like the private one, and it failed.
The system was in fact a bad version of State Monopoly Capitalism with a simple exchange mechanism.
The Current neoliberal system is, with a few global owners like Black Rock, Vanguard, their subdomains JP MOrgam Goldmanssachs etc essentially going the same way. Of monopoly. Same for tech 3.
They are failing.
The chinese model will fail. Too.
All this models of extreme accumulation of functions reduce the society dynamics, the 2ND law of thermodynamics starts to show the end, entropy rules and game over.
In the light of Crap Shooting , whoring and pimping, the prediction of a future is bad.The infection is deep and the outcome of this multitudes of gamblers leads to a conflict of gambler eats gambler.
Regardless of the terrible prediction, Witchdoctor, for fun and logic sake, will try to put forward a viable solution.Logically it has to be on the side of the House Bank.This means the Central Bank or/and the Public bank. The Central bank and the Public bank in this solution do not give it for free, in form of
No More Greece guinea pig experiments, destined for the court of Nurenberg.
Public bank gives it in a form of virtual ownership. Two sides match, the Public bank makes assets, and the private, cooperative, local, personal corporate etc business writes in his accounting book the entry ledger of virtual ownership. No more Crap Shooters.
The Public bank, when making its assets can buyout with this assets all factors which are needed for the public good.On a current market price. No forming of debt occurs.The State starts to plan the boundary conditions of existence of a definitely carbon zero society .
The public property is not a State property, it is a social factor of balance between properties. Only the National Parks can be a State property, when land is bought for conservation. The other types of STATE property do not work, the history has proved it. The State property ends always in the hands of Crap Shooters, like when they organized themselves in a communist party.
The public property has to be managed in competition, which means that there is no Cartel agreement,no political or managerial Cartel of Crap Shooters ,in order to prevent the Crap Shooters building their Cleptocracy With simple stringent laws, better than the Glass Steagall act…
Or to prevent people to start stealing the public goods, since they think, yes, this property ,it is for everyone, which means is for no one which means I can take it…
You know, Witchdoctor, once upon the time, has witnessed this bollocks, live, in a so called socialist system, which mutated in a Crap Shooting local neoliberal anti green Oligarchy , Slovenia.
The goal of the Public bank asset making and the virtual ownership is to keep almost everybody safe and tranquil, which is the only reason for property to exist,, which means to take over the part of ownership in measure of safety and not for plunder, and to keep the competition lively and life interesting, but not as a death machine..
This scheme , there are many better managers, persons, folks than WD which can even mathematically with the entropy laws concoct a system, open for change and with inherent dynamics… it is a interesting task, fun.
The next thing to avoid like hell is any type of conflict of interest in the society and a complete transparency is the law.
>Certainly, being on the side of the House Bank means no homeless, and nobody left to be destitute. Buying them all out of dire straits, with any means Money can buy.
If we look what is happening with the covid 19 vaccines in the EU, the famous technofeudal secrecy and opacity structure of half or half pregnant masters, half democratic and half technocratic, then, you know what WD is talking about. To stare at the TV shown contracts with blackened paragraphs, contracts paid by the Public Money and half secretive, which means nonsense, and to listen to the Crap Shooters Charlatans is too much for any healthy stomach.
Peddling the Big Pharma immunity in front of the law “for experimental emergency use on the boxes and looking at the half pregnant contract with blackened paragraphs?
Yes, buy them out with the entry ledger of virtual ownership or with the assets of your Public bank, give them much more on a transparent basis,to open better facilities, better paid scientists are waiting to try, and do not throw precious money away to them, and after call for austerity measures to make people pay TWICE for an ineffective drug.
Witchdoctor decided who deserves what and to what extent.
Under this limit, you can not go, if you want to survive. You may always go over it…
As for the pandemic infection: you can not be half open,no stop and go, half pregnancy miracle is not possible. You have to decide, if not the Mutant is coming. Not one, more of them, think of Antibiotic Resistance!
Have you heard about it? Now THINK of Virus. The process is MUCH FASTER.
You need the Public Bank, now, Write in entry ledgers of virtual ownership, now. Invest like crazy in all, system change, work, logistic,people behavior for stopping, deflecting the spread,, monoclonal remedies first, make a safer and better vaccine.
Read Yaneer Bar Yam,he has a plan.
EXIT FROM THE DEBT DRIVEN ECONOMY CRASH: 4th COURSE, THE DESSERT
EXIT FROM THE CRASH OF THE DEBT DRIVEN ECONOMY FOR DUMMIES, 3rd main course
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