Philosophie / Philosophy

David Graeber is an Intelligent human being – an activist – active in occupy wallstreet and so on.

His book – debt the first 5000 years – is a scientific very detailed 534 pages book – but what he misses – what is wrong with debt?

let me tell you what is wrong – with the interest on debt monetary system:

repaying debt is not so easy, not only because of the interest-on-interest effect but also – the money to pay the interest – IS NEVER CREATED in the first place – the game is rigged. (see another great book: Bernard Lietaer “rethinking money”)

Here comes the (simplified but still true) example:

imagine a world where there is only one bank and two shoe companies:

  • company A shoes
  • company B shoes

Bank X is given a loan from the central bank of $100.000 in cash (the central bank is the only bank allowed to issue cash).

The $100.000 Bank X keeps as reserves (10% in reality this would be only 1%).

This allows Bank X to lend out 100% of the $100.000 meaning $1.000.000 or one million in “book money” (money that only exists in the books or in computers).

So Bank X can gives company A and company B a loan of $450.000 to start their business and wants every year a modest rate of 3% interest.

The problem: the 3% interest ($13.500 in the first year) ARE NEVER GENERATED and thus one of the loans HAS to fail.

So after the first year – already $27.000 of interest would need to be paid to Bank X – but because this money was never created in the first place it can not be paid unless…

Company A needs to “extract” money/steal from company B in order to repay their debt or face bankruptcy.

Eventually one of the companies will have to close down – people lose their jobs – and the other company then has a monopoly on shoes – the prices for shoes skyrocket X-D

Because the interest-money is never created, it is not in the game, one of the competitors has to fail so the other competitor can repay the loan.

This is evil.

It is evil because sets people against each other in very very aggressive and evil way and calls it “normal”.

This will create a society of thieves and robbers and this is exactly what we have today.

did you know the “privatization” comes from the the latin word “privare” which literately means to steal? (deprive, rob)

The Goldman Sachs saying: “it is not enough that you win – others have to lose”

is not exactly correctly, more correct would be:

“in order to win – others will have to lose”

because those are the (current rules) of this catastrophic debt based game.

Here is another piece of wisdom: NEVER lend money to family or friends or you will lose both.

instead: if a friend or family member is in need ask them what they need and buy it for them. (help with material not with money directly)

or: give the money as a gift.

never the less Graeber keep up the good work.

Lietaer has unfortunately passed away.

who manages to stay mentally healthy in an crazy environment – has achieved a lot

THE worst side effect of this (financial debt created economic competition) system is: it makes people hate people

think about this: ScenarioA – city

People ransack a store in Veracruz, Mexico, Thursday Jan. 5, 2017. Anger over gasoline price hikes is fueling more protests and looting. Officials say the unrest has resulted in the death of a policeman, the ransacking of hundreds of stores and arrests of hundreds of people. (AP Photo/Felix Marquez) source:

you live in a densely populated area that can not sustain itself without the flow of money.

Your subconsciousness is in constant danger “will the flow of money still work tomorrow?”

Every other human appears to you as a competitor about resources (and if those resources are finite and non-renewable, this of course is true, your subconsciousness is true to you!)

now think about ScenarioB – countryside

in the countryside where there is space (not more than 10x people per hectar = 10000m²= 107639.1ft²)

people might have less money, but they are less stressed, because the “fallbacksystem” (as long as living conditions on this planet are somewhat in balance/climatechange) are right in front of their door

they can always go back to (organic, labor intense) farming and won’t have kill other people for the last can of beans in the SuperMarket (the most possible extreme version of “competition”)

ScenarioC – even more space

The Outback of Australia is hot, yes, but there is plenty plenty plenty of land.

So think about this: You travel the Outback… and there is no house in 1000 miles.

By accident you meet another person.

Chances are pretty good this person is not a outlawed bandit, but just another human being that tries to survive on this planet.

You will be happy to meet and greet and cooperate and help each other.

Because your common enemy is not mankind – but the struggle for survival in nature in the universe against the elements.

You might even appreciate the presence of another human (as long as this human is trustworthy of course).

humans always have been social beings that lived in groups for cooperation

It happened with the invention of money and television that people became ego-centric (the psychological effects of “thinking about money” are studied, they cause egoism)

Everyone wants to have their own house with their own pool with their own television to sit in front of – material wise “rich” but social wise very very lonely “poor” and unhappy (!) (because this damn pool needs a lot of cleaning and there is only ads and shit in tv) X-D

So when you meet another human in the vast spaces of space – chances are pretty good – there will be appreciation.

There are examples where humans have a POSITIVE impact on the environment, just by “being there” and living a an renewable lifestyle.

example: Native Humans of the Amazonas rainforest

as primitive as those people seem to western high-tech cultures and weaponry… it is actually their technological inability to cut down large trees (deforestation) and their inability to produce plastic, that brings about (non-intentional side effect) a livestyle “in balance” with nature – perfect renewable cycles of almostl every material. (because they only use renewable material, except maybe gold)

You could say – it was their primitive lifestyle that saved them – because they were unable to destabilize their own system – which is good.

But of course – if a meteor strikes – they would not have the science to deflect that threat.

So the truth about the perfect balance is somewhere in the middle.

You can ask any native human – they don’t know stress or burnout or mental illness – it just does not exist.

just as our ancestors: they had no plastic and used to dispose their biological wastes (from “shit in the forrest” to cooking waste) in the forrest… which “by accident” created very fertile soil called “terra preta

Bernard Lietar würde sagen: “you can be schwachsinnig, but it’s dangerous”

2019-12: Warum funktioniert unsere Wirtschaft nicht?

Dirk Ehnts gibt Antworten.

Modern Monetary Theorie – ein INTERVIEW mit Dirk Ehnts

  • Bundesregierung inkompetent (nur mit Juristen aber ohne Ökonomen besetzt?)
    • intelektuelles Versagen: “Politik hat nicht verstanden was da passiert”
  • Bachelor Studium estes Semester:
    • Q: Was macht ihr wenn die Ökonomie ein Nachfrageproblem hat und die Beschäftigung sinkt?
    • A: Staat muss die Ausgaben erhöhen oder Zentralbank muss Zinsen senken – oder beides.
    • (auch der offene Brief von Herr Ehnts an die “schwarze Null” aka Wolfgang Scheuble hat dabei nichts bewirkt)
    • “Politik hat in den Panikmodus geschaltet und nicht mehr auf den Sachverstand vertraut”
    • Es ist wie so oft, die Politik hört nicht auf die Wissenschaft – wie lange soll derartige Wahrheits-Ignoranz funktionieren? (hat keine Nachhaltigkeit das wird umso deutlicher, umso stärker der Wind bläst und bei der ersten Böe könnte der auf Schwachsinn gebaute Kahn schon kenntern)
  • ECB hat versucht den Euro zu retten

“Er hält seit 2016 jeden Sommer einen Kurs zur Modern Monetary Theory im Rahmen der Summer School der Universität Maastricht ab.

2019 organisierte er für die Pufendorf-Gesellschaft e. V. die 1. Europäische MMT-Konferenz.

Im Juli 2019 plädierte er für die Einführung eines europäischen Finanzministeriums (Euro Treasury) und eines Rechts auf Arbeit (Job Guarantee).

Ehnts hat zahlreiche Artikel in Fachzeitschriften veröffentlicht, dazu in Tageszeitungen wie taz, FAZ und NZZ und Blogs (u. a. Makroskop und Ökonomenstimme) und war als Sachverständiger beim Finanzausschuss des Bundestags zum Thema TARGET2 eingeladen.

Für Julia Herr (SJ/SPÖ) war Ehnts im Zuge der Europawahlen 2019 an der Ausarbeitung eines Green New Deal maßgeblich beteiligt.”