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Albert Bartlett-Great Challenge. Exponential Function can take Control of the quality and quantity of Equality and Prosperity of any Sovereign Society

September 12, 2015

Albert Bartlett-Great Challenge.
Exponential Function can take Control of the quality and quantity of
Equality and Prosperity of any Sovereign Society. Justaluckyfool ( http://bit.ly/MlQWNs )

“Steve Keen, “I was once sent a link to the work of a very good mathematician who claimed that humanity’s greatest weakness was its inability to comprehend the exponential function.
Here is the link: Albert Bartlett on Sustainability

Bartlett has made two notable statements relating to sustainability:
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
and his Great Challenge:

“Can you think of any problem in any area of human endeavor on any scale, from microscopic to global, whose long-term solution is in any demonstrable way aided, assisted, or advanced by further increases in population, locally, nationally, or globally?”

Read more at http://globaleconomicanalysis.blogspot.com/2011/01/steve-keen-responds-to-world-economic.html#5ydFYqIm2PXzC8VJ.99

…”… • property rights

…….• rule of law
…….• civil rights

Fix problems in those areas and credit will likely be available.
Read more at http://globaleconomicanalysis.blogspot.com/2011/01/steve-keen-responds-to-world-economic.html#5ydFYqIm2PXzC8VJ.99

Please consider:………Money is already owned and by law should always be returned to its rightful owner.
When entrusted to a second party, they party should be subjected to civil and criminals laws.

Why then… “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha’‘

Why would you not want prosperity for yourself and your children?

Read: Prof. Michael Hudson ; http://www.globalresearch.ca/index.php?context=va&aid=28938
“…. The Mathematics of Compound Interest A syndicate of less than one hundred American capitalists, if allowed to collect interest on their capital at a low rate and re-invest for 150 years or less, would at the end of that time own the earth and all real and personal property thereon. This is a simple mathematical proposition, capable of exact demonstration, and any one who doubts the truth of this statement may set all doubts at rest by computing compound interest on one and one-half billions of dollars for one hundred and fifty years, at five per cent per annum. …Flürscheim elaborated that “All exertions, all improvements in the methods and tools of labor, the strictest economy, the severest self-denial, are powerless to compete with the rapidity of self-increase possessed by capital placed at compound interest, and they cannot keep up with its demands.” To illustrate the dynamic at work, he composed an allegory (pp. 327ff.). Many ages after man was driven from Paradise and told “to earn his bread by the sweat of his brow, mercy began to prevail. A loving angel was sent down by the Great Master, charged with the task of lightening the burden. The angel’s name was Spirit of Invention. He began his work by teaching man to make useful tools” and tame animals, and in time to mobilize water power, air and wind power, fire and steam power to drive machinery. “It seemed that at last the golden era had come of which men had dreamed for ages past,” but “that envious spirit, that fallen angel, Satan,” was jealous that his own empire would soon be over for ever. Among the follies of man, one little imp, called Interest, managed to attract his attention. “‘What is the matter with you, Interest?’ he asked the saucy imp. ‘You don’t seem to be so dejected as your comrades are?’” “‘Why should I be dejected, master?’ replied the spirit, ‘Am I not one of your favorite soldiers? Haven’t I always been victorious under your august guidance?’” But Satan answered sadly, “Alas, You are no match for the Spirit of Invention.” The Interest imp, however, volunteered to demonstrate his prowess in a dual, helped by his son, Compound Interest. At this point, Flürscheim introduced an image that Napier had suggested at the outset of his second book on logarithms in 1617, the Robdologia, likening the principle of geometric increase to that of a chess-board on which each square doubled the number assigned to the preceding one. An old Persian proverb told of a Shah who wished to reward the inventor of chess, a subject, and asked what he would like. To the Shah’s surprise, the man asked “as his only reward that the Shah would give him a single grain of corn, which was to be put on the first square of the chess-board, and to be doubled on each successive square; which, to the surprise of the king, produced an amount larger than the treasures of his whole kingdom could buy. It is this kind of chess-game which capital is continually playing with labor.” The remarkable growth of compound interest soon swallowed “products, capital, the earth and even the workers.” This was in essence the ploy that Flürscheim’s Compound Interest demon used. “Look at this chess-board,” he told the angel against whom Satan had pitted him. “It seems just like any other chess-board, with sixty-four squares,” but it “had the peculiar quality of extending the dimensions of the squares, so as always to be large enough” to hold whatever was placed on them. Instead of asking for grains of wheat to be placed on them, the Interest Imp asked for soldiers. “Now, listen well to what I propose,” he said to the angel, pointing to the latter’s huge army. I enter the first square with my son, and you match one of your warriors against us. We enter the second square doubled in number; you send two more warriors – and so on every succeeding square. . . . When we arrive at the last square, and you have a single soldier left after occupying the same, we shall declare ourselves vanquished, and Satan with all his troops will leave this world for ever. If I win, you and your army are to be at the commands of my master. Are you agreed? The angel agreed, expecting his horde of soldiers to easily exceed the number that the Interest Imp and his son, Compound Interest, seemed likely to accrue. In the beginning the angel laughed, for, though twenty squares were passed, no noticeable diminution of his forces was perceptible. Demon Interest said nothing, but attended to business, quietly doubling his army on every succeeding square. At the thirtieth square the angel ceased to laugh, and soon saw he was lost. ‘I despised you, little fellow,’ he signed despairingly, ‘and I am punished for my vanity. I see there is no use fighting against you.
Demon Interest is more powerful than the Spirit of Invention. I am your slave. Command your servant!’”
( THIS IS THE TIPPING POINT ! (Where we went wrong)
‘I am the only servant of my great master,’ dryly replied the demon. “Here I see him coming. He will give you his orders.’ And Satan gave his orders. He commanded that the angel was to continue in his work with all his troops, which were to be increased with all possible exertion, so that humanity – which did not know the nature of the antagonist it had to fight against – would always keep in fresh hope of final success when the new troops were forthcoming. But as fast as they appeared, Demon Interest was to send forth a larger army to capture the new forces, to enslave them, and – instead of their benefiting man – make them increase the slave-chains which weigh him down.
WHAT IF DEMON INTEREST WERE TO ANSWER? (How we can fix it).
” I will now be the servant of a new master,one that will pursue happiness for all mankind.”

“Why would you not want prosperity for yourself and your children?

“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”, Pontifical Council.
Precisely. Soddy/Pontifical Council are/were perfectly conceptually aligned with Social Credit in this regard. However, power and profit require a symmetrically separate and equally powerful countervailing administrative agency that acts “in the betterment of the common good, with equality and justice for all.
If it were possible to sum up the single greatest flaw to capitalism ,it would be :It allows for the “most powerful force in the universe”… to quote( Einstein ? ),” compounding interest ,” to be used against that society.The lender becomes the owner of all the money based upon the act of compounding at any rate within a long period of time.

As Soddy said, every monetary system must at long last conform, if it is to fulfil its proper role
as the distributive mechanism of society. To allow it to become a source of revenue to private issuers
is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough
ultimately to overthrow all other forms of government.”
He got it wrong ! They are no longer secret and illicit !
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download… http://archive.org/details/roleofmoney032861mbp

The Binzagr Institute for Sustainable Prosperity will hold its first annual conference in Ohio on October 2-3.

  • Please consider this one action, yes, one simple action.
    The FEDS did in fact QE for the Private For Profit Banks.
    The FEDS made direct purchase of bank assets.
    Why not have the FEDS do for the States exactly that-purchase
    $20 billion of State improvement bonds w/ terms of 2% for 36 years.
    Thereby creating 2-3 million jobs while at the same time producing an income stream of $1trillion (money that by law is to be turned over to Congress for appropriations
    READ MORE:WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN ?by
    Why would you not want $6.6trillion a year to spend..”for the betterment of mankind”? .
  • Perhaps,
    maybe it may be discovered that where we went wrong was when we allowed Private For Profit Banks to legally ‘print’ our sovereign currency and allowed the PFPB to tax that issuance using one of the most powerful forces in the universe COMPOUND INTEREST. We allowed this to happen because of FEAR; fear that such awesome power should not be in the hands of elected politicians. We decide private for bankers were more trustworthy.
    Perhaps,
    maybe we should reconsider !
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