#MoneyLentTwice, #PerpetualDebt by #PaulGrignon #ConquestofDough #8thwaytothink
Conferences,
2013
Conference on the poWorld
Economics
Association
(WEA)litical economy of economic metrics
28th January to 25th February, 2013
Title:
Proposed new metric: the Perpetual Debt
Level
Abstract
It is my contention that a critical metric in economics is missing. I call it the
Perpetual Debt Level. This is the amount of bank credit money in circulation that
is not available on time nor free of any other debt, to extinguish the debt to a bank
that created it. This creates a borrow from Peter to pay Paul and vice versa
Perpetual Debt situation in which the amount of the principal involved can never
shrink and the timing of its delivery can never slow down without causing
mathematically inevitable defaults. Therefore, to avoid such defaults, it is, in
practice, necessary to maintain a growth of the money supply at all times. (1) I
further claim that there is no escape from this destructive arithmetic problem
within the concept of money as a quantity of a thing-in-itself, and especially
within the current practice of money created as a debt-of-itself. The only remedy is
radical, a total transformation of our concept of money.
Author
Paul
Grignon,
2525
Coho
Dr.,
Gabriola,
BC,
V0R1X7,
Canada,
1‐250‐247‐8350
[email protected],
paulgrignon.com,
moneyasdebt.net,
digitalcoin.info
Professional:
independent
researcher,
writer,
visual
artist
and
movie
creator.
align="left">class="style52">The Banking System, Itself, is the ROOT CAUSE of Money System Instability
by Paul Grignon
1.THE INTEREST WAS NOT CREATED class="style5"> 2. ALL THE MONEY IN THE WORLD 3. SHORTAGE OF PRINCIPAL? 4. NON-PAYMENT IS A PRIMARY CAUSE OF INSTABILITY 5. MORALITY IS NOT THE ISSUE HERE - THE DESIGN IS 6. "SAME MONEY LENT TWICE" (diagrammed explanation) 7. COMPOUND INTEREST IS ALSO "SAME MONEY LENT TWICE" 8. ALL DEBT-PRINCIPAL IS LENT TWICE 9. BANKS CREATE MONEY vs. BANKS LEND DEPOSITORS' MONEY 10. WHAT IS THE FINAL SITUATION HERE? 11. IS THIS AN ACTUAL SHORTAGE THAT DE-STABILIZES THE SYSTEM? 12. GROWTH TO INFINITY IS ADVERTISED 13. 100% SHORTAGE OF PRINCIPAL 14. INHERENT GROWTH IMPERATIVE 15. ARE ALL DEPOSITS AVAILABLE TO BE EARNED BY BORROWERS? 16. SIMPLE INTEREST PAID N times is UNBOUNDED if N is UNBOUNDED 17. BANKS CAN CREATE MONEY TO BUY ANYTHING! 18. CONCLUSIONS
Why is our money system unstable?
https://twitter.com/PMotels/status/1092316910396542977
https://t.co/nwEi6xIxDW @KateRaworth //www.kateraworth.com/8thwaycompetition/ … #8thwaytothink #MagicMoneyTree Think about root and branch reform of the Money system @PositiveMoneyUK #ConquestofDay #MyEntry— RogerGLewis (@PMotels) February 4, 2019 https://platform.twitter.com/widgets.js
The Manufacturing of Greta Thunberg – for Consent: The Most Inconvenient Truth: “Capitalism is in Danger of Falling Apart” - @CompromisedNGOs https://t.co/ivtkcOwnJ6 #ConquestofDough #ConquestofDough #8thwaytothink #MagicMoneyTree
— RogerGLewis (@PMotels) February 4, 2019
Gatekeepers , Foundations and Democracy.Usefull Idiot School. https://t.co/nvZB7gDd2o via @wordpressdotcom #8thwaytothink #ConquestofDough
— RogerGLewis (@PMotels) February 4, 2019