Mathematically Perfected Economy PART 10D - CONCLUSION

[unabonger777]

how and by whom is creditworthiness determined?

how does the currency unit come into existence?

as I understood, the seller gets paid in full for the item he is selling, so the corresponding value has to be taken from the buyer. who does the buyer pay this money to, and who decides the rate of depreciation. shouldn't that be on a logarithmic rather than a linear payment scale, as the buy is using the best of the value first?

[mikemontagne]

@unabonger777

A minimal means of determining credit-worthiness is to calculate sustainable capacity to persist in fulfilling the promissory obligation. If a newlywed couple can afford to pay $83.33 per month for a $100,000 home with a 100-year lifespan, they're "credit-worthy." Any further requisites are imposed by the people.

Currency comes into existence then whenever a buyer necessarily issues a promissory obligation. The payments of the obligor are retired from circulation by the CMF.

[unabonger777]

@mikemontagne thats about what I thought, it seems to me what we would need here is new ways for people to verify income and obligations in a semi-open way... I've been advocating for what I call a "personal balance of trade" whereby we could eliminate the corporate credit agencies and establish trust networks and issue our own currency/credit based a person's projected income vs outflow and standing obligations. I'm also interested in electricity backed currency, energy as elastic money supply.

[mikemontagne]

@unabonger777

The thing is, no one has to ensure a personal balance of trade, because (under MPE) their spending and credit-worthiness determine the balance they desire. Nor is "trust" necessary under MPE, because certification of credit-worthiness and remaining value of related property protect us from any injury.

No one however can use anything but the related property to "back" the currency (as MPE does), because everything else exists in disparate quantity.

[unabonger777]

@mikemontagne ok what happens to the property if the buyer does not make the payments? you may have already addressed this but it's been a long time since I watched these videos. Also, how do we monetize services? Thanks. I might have to revisit your system again to refresh my memory.

[mikemontagne]

@unabonger777

Too many people assume that MPE cannot accomplish any such objects, even as only the present obfuscation makes them impossible. When an obligor fails to make payments, there are far fewer legitimate reasons they might do so; there is far more you can do to ensure payment and protect ourselves from losses. Ditto for securing monetization of services. You can deploy co-signers, you can securitize by other equity, you can confiscate from further accumulations of equity.

[zonsb]

MPE is an excellent solution.Thanks for you great efforts and this video presentation.

I've watched at least a dozen videos on money and banking. Most were quite good. Of the few that offered a reasonable solution, MPE dwarfs them. And that's an understatement.

[mikemontagne]

Thank YOU for watching. What a lot of people don't realize is that almost every other monetary reform effort out there is borrowing from my work. When "the money masters" for instance tell you, "follow the money," they borrow from the very caption under the signature of my web pages. They and others do this without affirming the faults/ramifications of interest which I published 30 years ago. Why?

[mikemontagne]

Because it's plagiarism, and because they'd expose that if they affirmed the source of their material. Jaikaran for instance, on the very first page of his book steals from my Parable of Perfect Economy -- as if it is history, while it never happened. Ellen Hodgson Brown made the same mistake. She probably would never even have known about "the Pennsylvania Currency," but for my same Parable. And she denies interest is the problem. On the contrary, everyone who *does*, *is* the problem.

[mikemontagne]

@zonsb

Thanks MUCH for the kind words.

[Tithingmadeeasy]

"He tha hath  an ear, let him hear"

[WheresTheInterest]

As for the comments in regard to "you have to gain interest", you only worry about that since 1) you have an interest payment on "stuff", 2) you have inflation. If you didn't owe anyone any money, and you had no inflation, you could store 1 hour of your 8 hours a work each day in your mattress, and after 30 years retire a very, very, wealthy person. It is inflation that kills you. Plus this idea that you need a credit score to buy things. You need money which is work. Now get back to work.

[mikemontagne]

Thanks for the concluding compliment (which was accidentally deleted by my attempt to respond). The "credit worthiness" Mr. Catylist is promoting is not only bogus... it is inherently destroyed by the very system he is promoting. In respond to your deleted request for a simpler version... it's on the way. We had to do this one first for technical integrity. There will be whole programs dedicated even to just some of the points of this program.

[DJCatylist]

Im not promoting a system. Im simply offering the counterpoint that the system exists because of the common nature of man. The system you suggest works great... on paper. The financial systems in place are in place because those in power want to keep it. Put some "whats in it for me" calculation in there and see how it works out. Human nature will override any good intention.

[zonsb]

If human nature were to override good intentions man and society would have self destructed before community ever got off the ground.

Man's technological history of creations and inventions demonstrates a plethora of good intentions that have built upon those that came prior to become the opulence we live with today. Yet, since the time of Socrates, Plato and Aristotle, by now that opulence should be ten thousand fold if it weren't for parasitical authorities in government and finance.

[DJCatylist]

I merely offer a counterpoint. An idea must be tried an tested, then tried again, and over again. If it comes out shiny, then it may fail in the senate.

that goes for many good ideas unfortunately.

[DJCatylist]

Oh and like it or not, you are paying interest on something..., if you don't pay interest, you don't gain credit rating. You don't gain credit rating, you don't gain "stuff".

You have to gain interest somewhere too... maybe in a 401k, maybe in a savings or money market account... its very difficult to avoid.

[DJCatylist]

I do applaud you for the effort, but try explaining to your local senator that the interest he is gaining on loans put forth in the bank he partially funded to open that interest is killing the American people. Try explaining that to the shareholders of those same banks where they would not be able to invest in the recirculation of funds.

[mikemontagne]

Spare us your trivia. *That* senator, and those shareholders, aren't producing anything -- they are strictly an ever growing mass of dead, destructive weight. You senator wouldn't dare argue with me. There's a huge list of pretended representatives who know in advance that they're going to lose that argument. Likewise, if you weren't an advocate of exploitation, *you* would not be "convincing" your senator -- you would be ordering them -- to represent you.

[mikemontagne]

Way to go. You register your indifference proudly, and support it with useless trivia -- the very thing which has us where you evidently want us. Land of the free and home of the brave...

[DJCatylist]

Its funny, he seems to make it sound complicated, but in reality, he just doesn't like paying interest.

I watched the whole series... Great math, it would work, but how would the stock market function?

[mikemontagne]

Stupid is as stupid does. I'm not paying interest. You are.

And no sir, it's not a matter of "not liking" paying interest. It's a matter of interest's inherent, incontrovertible consequences... which are to [this is where you get to say it accurately, and with less "complication"]...?

In fact, if it's all so simple (and it is, however carefully and accurately explained), and you really understand it to be even simpler... why your question?

[mikemontagne]

Your question nonetheless pertains to Jefferson's quote (last of video), where he states the defeat of the Revolution will come as a consequence of "money" being created by banks... and a further consequence of an emergence of "monied" incorporations. A corporation doesn't need that destructive obfuscation of "money" if it can issue it's own promises to pay. So your concern is with the preservation of exploitatation.

[mikemontagne]

Nonetheless, as others may of course have legitimate concerns with the return of ostensible value to their retirement investments, obviously, the liquid circulation of MPE makes recovering what they've lost far more plausible. At the same time, to them we're restoring what they would have been able to save -- which is to recover those losses. So that's not an issue, *is* it.

[mikemontagne]

On the further hand then, to answer your question in more "complication" (accountable detail), you can either extrapolate the answer from my purported dislike of interest, or see our page (35) "] 'MPE™ 120' — BASIC EFFECT OF MATHEMATICALLY PERFECTED ECONOMY™ ON STOCK MARKETS."

[mikemontagne]

Something nonetheless which is obviously not clear to you from your assumption that I merely don't "like" interest... is that it is both undesirable and unnecessary to fund industry in the way of your concern. Industry can fund itself on its own promise to pay, qualified by credit-worthiness. What is more, it is *necessary* to so increase the circulation, to sustain the activities of increased industry; and the linkage of MPE alone preserves all those necessary balances.

[ThomasJefferson1779]

TOTALLY AWESOME VIDEO. WAY TO SAY IT, MAN.

I want to see Ron Paul and Barack Obama's Economic Teams debate this guy. They're hiding in the corner for good reason -- maybe under their beds.

[dude4gold]

Fantastic series of video's. I will certainly be a tool for its further distribution!

[mikemontagne]

Thanks so much, dude4gold. Incidentally, my invalidatiion of the gold standard DOES NOT MEAN BAD THINGS FOR GOLD. On the contrary... you may want to visit our forum to see the arguments for how mathematically perfected economy alone will allow gold to realize its full value.

[mikemontagne]

Thank you, em2mms. May the real revolution begin NOW. A REVOLUTION OF UNDERSTANDING, SOLUTION, AND LIVING TO A HIGHER, NECESSARY IDEAL.

[em2mms]

Awesomely to the point. Great music. Right on!

"Problems cannot be solved at the same level of awareness that created them."--Albert Einstein (1879 - 1955)

"I regard consciousness as fundamental. I regard matter as derivative from consciousness."--Max Planck (1858 -1947)

Our leadership's consciousness is the reality given to us by default. Stop. We can do better & we can start now.