King of the Paupers: Big Lie of Economics: Inflationgate hides Shift B Inflation

John The Banking Systems Engineer's Miracle Equation proving interest does not fight inflation. Inflation is not more money chasing the goods, Shift A, it's Shift B, the same money chasing less goods after foreclosure caused by interest. Banking on Earth as it is in Heaven.

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News & Politics

Tags:

• john
• turmel
• big
• lie
• usury
• interest
• UNILETS

[kingofthepaupers]

Jct: I've always Douglas's analysis that accepted that when the problem is that we only have Principal but we all owe Principal + Interest, only P/(P+I) survive. For all to survive, there are two solutions, the Social Credit solution of adding money to the Numerator to balance the equation and the Sociable Credit solution of getting rid of the interest in the Denominator to balance the equation. Social "debt-free" Credit and Sociable "interest-free" Credit both work but i=0 means no balancing.

[Castle3179]

Is there also deflation shift B?

[kingofthepaupers]

@Castle3179 Is there also deflation shift B?

Jct: Shift A inflation is more money chasing the goods. (getting less)

Shift B inflation is same money chasing less goods. (getting less)

I guess:

Shift A deflation is less money chasing the goods (getting more)

Shift B deflation is same money chasing more goods (getting more because someone snuck extra collateral into the cage. Why the cashiers wouldn't just keep it..

[oldickeastman]

I see you have something here, but I do not fully understand it yet. Does high interest cause inflation of prices (not of money in circulation) because the foreclosures shrink the flow of economic pie? I see the problem of the interest that must be paid on top of principal - when such interest was not created. I see foreclosure inevitable. I see that injecting the eleventh dollar cover interest prevents deflation of money in circulation. What is your view of social credit - print the diff

[Castle3179]

@kingofthepaupers Well if the government decided to hire pirates to steal collateral from foreigners that could be used to cause shift B deflation if injected into the monetary system properly and if the goverment didn't lose more in the process. Or would this not work. I don't support theft.

[Prinnycakes]

Actually "mortgage" means "pledge to forfeit something of value if a debt is not repaid on the promise of my life". Yes it is a "death pledge" but has nothing to do with gambling. It is essentially saying you promise to forfeit something if you cannot repay your debt until the day that you die, at which point you are released from obligation. It also means that at the point that the debt is paid off, the property is "dead" to the lender and they have no further rights to it.

[kingofthepaupers]

@whahas My objection with just time trading is that efficiency isn't promoted. It doesn't stimulate technological innovation. You can probably debunk this, right?

Jct: Right. How can having enough money to do things right stimulate technological innovation less than having not enough money to do things right? Enough mney maximizes efficiency and industrial power.

[whahas]

@kingofthepaupers Of course you know him, you two even live in the same country! I have heard of Time Dollars and Time trading, but I haven't delved into it yet. I will, but as I just read, Paul's objection is that you can cheat in the system, right? My objection with just time trading is that efficiency isn't promoted. It doesn't stimulate technological innovation. You can probably debunk this, right?

[kingofthepaupers]

@whahas I don't have facebook, so I couldn't view your page properly.

Jct: At my site johnturmel com you can slash for unilets htm which was my old UNILETS Timebank Account I used until I moved it to my Facebook page. EG: I had to get money delivered to the Toronto so I called on a buddy who saved me the effort and I credited him with the 3x5 Hours I'd have wasted going myself.

[kingofthepaupers]

@whahas Paul Grignon doesn't say that money as debt is the problem, this is the name of his series.

Jct: If you google for Turmel and Grignon, you'll find small areas where we disagree. But then he went on to some kind of weird system far more complicated than simple timetrading. I held high hopes but he got derailed.