Praised be the web once again to share and benefit from information, knowledge and wisdom that otherwise might not have crossed our paths.
Here is an excellent article about the immoral concept of usury and how Pope Leo X actually made it permissible – exactly 500 years ago!
Strange, the Vatican has been the ‘moral high ground’ while the City has been the core of the ‘financial elite’.
This morning I published:
after I read what George had put together in Australia about gradual enslavement…
Now I read the bio of the usury author and feel very much comforted living on the edge – in line with the Cliff’s Edge Signalling Company who alerted me to the article on usury in the first place. Joining the Dirty Dots seems to be our task !
Posted in Means of payment, Money, Usury
Tagged Abbreviation, Adam and Eve, Adrian Monk, Akita Prefecture, Antipope, Catholic Church, Devil, God, Pope Leo X, Satan
This TED talk is about economics rather than money creation. But at least he does challenge ‘trickle down’ academic economics. Nick Hanauer has founded, co-founded and funded some 30 companies, i.e. he talks as an entrepreneur. At the end of the day, everybody can make some kind of difference. The difference the top 1% can make is just bigger!
“I am not making a moral argument. I am arguing that RISING economic inequality is STUPID. The model should be Henry Ford who intuited that
- an economy needs to be understood as an ecosystem.
21st century understanding of economics is about
- complex, adaptive, ecosystemic
- not efficient and effective.
Capitalism does not work by effectively allocating resources.
His ideas of ‘new capitalism’ include
- shrinking the size of government
- investing in the middle class
- balancing the power between ‘minimum wage’ and people like me.
Economics encode social and moral preferences, it’s not an exact science.
Fellow plutocrats, it is time to commit to a new kind of capitalism!
Posted in Blind spots, Creative Capitalism, Crisis Analysis, Economics, USA
Tagged Aetna, Anarcho-capitalism, Barack Obama, C-SPAN, capitalism, Casino, Davos, Economic inequality, united states, World Economic Forum
English: The expansion of $100 through fractional-reserve lending at varying rates. (Photo credit: Wikipedia)
The writers of the Bank of England Act 1694 had the intention
to avoid the serious oppression of Their Majesties’ subjects.
Hence they didn’t allow the Corporation to trade. Should it trade after all, it would have to pay as punishment:
treble the value of the trade.
In theory, this means that the BoE would have to pay the Treasury treble the value of all national and public debt bonds!
Will MPs appreciate this when they debate ‘money creation and society’ this Thursday as part of Backbench Business?
See http://www.positivemoney.org/2014/11/uk-parliament-debate-money-creation-first-time-170-years/ , including the link to watching the debate live on http://www.parliamentlive.tv/Main/Home.aspx .
Further info at
Posted in Bank of England, Cash, Creation of Money, Credit, Legalized Usury, Money, Money supply, Money Supply, Money supply inflation, Treasury money
Tagged Associated Press, Dow Jones Industrial Average, Eastern Time Zone, European Central Bank, NASDAQ, New York City, S&P 500, Standard & Poor's, United States Department of the Treasury, United States Treasury security