The chapter entry in the Galactic Time Traveler magazine, concerning Earth economy and money creation;
The Perverted Monkey ,a strange specimen currently exploding and deflagrating on Earth, likes to present his life system as the best one can get.
The current fact checking of our Galactic Time Traveler correspondents and our senior Witchdoctor editor findings show that all facts concerning the Perverted Monkey own narrative, economy, money and history is a pack of lies, or, at the best, half truths or perverted truths and notions.The population, of all options available, prefers the pack of lies option.
The facts on Earth are always concealed and perverted.
The current ,updated advice, when visiting the place with our expert guides, is;
If you get a chance to meet the ”expert” members of the perverted specimens explaining to you their economy, money, banking and their history,just nod vigorously with the head and say yes, yes yes, ok, how interesting and deep!
Never ask them how is the power pyramid distribution between their specimens.Just nod your head up and down, vigorously, laugh if they laugh and nod vigorously.Say yes, how interesting.
Park your UFO somewhere secluded. After your visit, relax , open a good bottle of wine safely in your UFO and laugh!
Beware:
Do not laugh all time of your visit, the tales and packs of lies you will hear are severely mindblowing !Even for the very experienced time traveler , the things you will see and hear may cause severe laughing convulsions!
Hi There.
As proved in the part 1 of the entropy and the money creation, half of the money production in circulation happens on the Other side of lending business which the private and to a certain smaller extent the public banks do. While the Real Economy, persons, small, medium and even corporate business rely on credit/Debt and they have to find the means to repay it through the economic exchange, the Other half, the one the banks retain through lending,not taxed or declared legally through accounting, is essentially the huge Free Lunch, given legally to them.These are all Debt free entries gained while selling debt to their customers.
The half of the money production, retained by the banks, is out of the Debt Driven economy laws. The banks have the legal privilege to get and retain, through a lending process, the same amount of lent money, debt free!
Entropy is rolling in
While the real economy has to struggle to earn the money borrowed and pay it back to the bank, the bank has none of this problems to invest his half of his Debt Free money, the no strings attached money.
This money production – a half of the money in circulation retained by the bank back door investment speculative vectors has to be employed back, partly, in the real economy and so keep and confirm the value of this huge amount of money. This is pure Entropy and this flow/ inflow of money, debt free, is a factor of destabilization of the real economy, since it is essentially a speculative investment to confirm the face value of this debt free bank entries. The result in a finite market is a stagnation with the asset boom because of the pressure of the huge money inflow, and consequently,after a while, a deflating balloon which leads to entropy.
On the other hand, the economic cycle of the real economy is forced in the faster and faster and cheaper extraction of value curve to keep up within the monetary mass pressure rising environment which seeks only yield, profit, regardless of the real production factor search for profit..
This two different ways of economy profit making are in a clash and the result is – the Entropy.
Lets repeat the Witchoctor entropy definition:the extinction and suppression of an initial chain of events- phenomena as they appear at the beginning,with a loss or/and transformation of value.
When the actors in the real economy will realize that they are not in the fair competition on the market with this banks speculation vectors entities, they are completely fu..ed up in such a system in which they , the real economy actors,have to earn money to pay their debt and capital, while the other side is a parasite sucker acting in the same environment?
The classic market description, as in the whole junk economy textbooks and it gurus and pedlars, is a pack of lies. The market is a completely distorted place where the actors act on laws which are not market laws equal for all.The law of offer and demand is rotten and broken on macro and is rotting on the micro foundation level, so is the profit seeking , a completely false value. The profit law is false.For the bank debt free money there is not even the profit as a goal, the goal is to CONFIRM the value of debt free money they have made out of nothing for themselves and the need to invest it somewhere, just for the sake of confirming the face value of the money production they hold in their speculative vector coffins.. And that is why assets, stocks or anything on sale in the stock markets rise and rises.The pressure on “immaterial speculation “ is so high because the “material” “real economy” speculation is harder, since not all “material “is on sale or worth buying. NOT YET, this not yet is the core time plan of the so called neoliberal agenda, where this money has to flow and buy all not yet available..
But the pressure is mounting in both sectors and it has nothing to do with the profit seeking economy textbooks.
There is, simply, too much money in circulation!
But this money, it is not for YOU! You have been told just a pack of lies and you have been given the Debt to repay.Not because of the Debt per se, but because this debt, as a parameter, a markup, is holding the whole pyramid of too much money as the anchor of value!
This link is very good, Richard Werner explains what is legally the banking business.At, after the 6 min in the video. In short, it is not your deposit, there is no deposit in the banking law, the money you put in a bank is de facto a loan you made to the bank. The credit, the money you borrowed is not lending by law, banks do not lend money to you,in fact they are purchasing a security paper (from ) you are paying for,which was made as the money out of nothing,they do not transfer money to your“deposit”which you will repay but not hold in your name after paying it.
The rest in the video as a solution is Richard Werner opinion , not Witchdoctors.The City of London status is worth the watch,too…
Take one Libra of fakebooke and give back for it your dollar euro, peso, or …
Be a fool. They will make one Libra out of nothing and get back your real dollar for the fakesbook libra you love. They give one libre out of nothing and take one yours real McCoy back. The thing is based on the basket of currencies, bretton woods style. The libra will be as the Dollar was in and for Bretton Woods , but, who cares (you do not even know what is it, read posts on money here), both are US currencies and they will expand the US currency global rule, no matter under which name, you can exchange them…for fools gold, just like Bretton Woods..They will peddle it as a new fools gold.The currencies backing the libre will get stronger circulation and their backdoor money mass supply will grow. There will be no inflation for the junk you will buy with it, but they will expand the backdoor money for buying yours buttocks out and facebbooking will rule you,they will buy you out on the slave market.
And, just forget the few half libre of peanuts you will get “free”. It is like a drug dealer, you have to try first some for free and after you are hooked forever on fentanyl.
IN Part1, Witchdoctor suggested that the money made by the banks with lending, the one $ given (made out of nothing) and one$ taken (the real mccoy given back),the taken $ as the debt repayment should be taxed with 15% or 20% tax. No wonder why taxing it, since it is, was and will never be destroyed by the bank, as you have read here in many posts.
Wrong. Witchdoctor apologizes. Seeing the utmost damage the banks ( and libras) make in the real market and on the Planet, banks should be taxed 70-80% Delano Roosevelt style tax. For the one $ taken back.
There is a plenty plenty money there for the new green deal and eradicating poverty and illness.And the sustainable real economy.
Now, dear reader, you have read other WD posts advocating for the debt free money (no need for bond issuance as a way to pay the deficit,unless there is the danger of inflation, which is cured by taxing…) as a way to avoid State debt and so make green investments and the Universal basic Income a human right,, not the persons or business debt one, which is still needed in a human transition to other time traveling zone.. But as you see, there is half of the money production and circulation already on debt free money terms. The only slight hehehe, tens of trillions slight difference, is that this debt free money is possessed by the private banks! For their property claims and property rights, for the whole planet armies of their peddlers of lies.The trillions of free lunches, for them, and the debt left for you.
Witchdoctor went far, tropics,swim, free dive, hours of electric reflections reverberating around him in the warm seas. Sitting business class flight, paid from his own real economy bill. There was this guy, sitting near him. WD and him were sipping the excellent red wine kindly paid by both.He was badly cheaply dressed , but WD knew that is how the ultra over rich travel, in rags. Wd went to look at the even worse dressed passengers in the first class seats, they looked almost like being homeless, their looks wary and fear glowing under, fear of being recognized, maybe kidnapped or whatever they thought they are.
The conversation with John Smith got better and better as the wine flowed.
He was a kind of consultant, a strategic one. WD knew what it meant. He was on some gravy train of money disguised as strategic consulting on anything and nothing at all. After the second wine bottle was emptied, John Smith said he had a small pay, some ten thousand a month, . But he had all, houses around the world, yachts, dinners and lunches in any restaurant in the world, paid clothes,paid girls or men. The only thing he needed to pay was his cooking and buying food for himself , which he never, god forbid, did.
He was so rich that he had nothing of his own. He was not even in the 1%, not in the top 5%, or 10% of the income ladder.He was out of any statistics.
He was a strategic consultant and he had a right to occupy all the properties, to travel and to do whatever he wanted, it was all paid for.
“ By whom, John Smith, tell me, soon we will part and never see each other?” asked Witchdoctor
“ hmmm, in fact I do not know, exactly, they have many names and no one” John Smith was drunkenly mumbling….“But, there are many like me. We are so rich a bunch that we have nothing in our names”
“ You know” John Smith hesitatingly added, “ we are so rich… so rich and we have no personal property…there are also , on this ladder , the poorer ones, with less benefits.. and so on, down to some jerk who sells his pride for a small dinner or something,maybe for a gift… but, see, we are so rich… we need no money at all, it is all paid for, some special vector entity, some address somewhere, or something….it does not matter at all.cheers!”
John Smith empty drunken eyes were looking at WD.
Wd was already falling asleep…his survey article for the Galactic Time Traveler magazine was ready.
to be continuedWitchdoctor