The Integrity of HonestyThe Integrity of Responsibility"If the laws are going down the wrong road, we are all going down the wrong road, and they are! We need to change paths".
Men and women are not naturally constituted of the most righteous of base thoughts and ideas. We are too much an easily fallible species, seldom strong, and more often of weak sentiments, interpreters and intellects. How may we rectify this? ----- Oh that we could speak like this:
“The means by which national exigencies are to be provided for, national inconveniences obviated, national prosperity promoted, are of such infinite variety, extent, and complexity, that there must of necessity be great latitude of discretion in the selection and application of those means. Hence, consequently, the necessity and propriety of exercising the authorities intrusted to a government on principles of liberal construction”. Alexander Hamilton
Dictionary of Modern American Philosophers, John Shook on James Feibleman
Feibleman’s system reflects his belief that “the purpose of a philosophy … is to find the nature of the universe of all universes while at the same time saving the facts, to account for every type of detail in the world as well as to seek out reasons for the very existence of such detail. A philosophy is a scale-model of all that we can describe from our experience or imagine, a model based on an ontological system.” He viewed ontology as “the most important branch of philosophy”, and his own ontology as the foundation of his system… Feibleman set forth his ontological theory, which he called axiologic realism, in his near 800 page magnum opus Ontology (1951). That work culminates in a list of 599 “postulates” of axiologic realism, systematically arranged in a way that recalls Spinoza’s Ethics and Wittgenstein’s Tractatus. Only the barest sketch of that system can be given here.
The central claim of axiologic realism is that there are only three fundamental categories or ontological universes: (1) essence or possibility, (2) existence or actuality, and (3) destiny or teleology. Feibleman describes essence or possibility along the lines of Plato’s Sophist, as “the power to affect or be affected.” The universe of essence thus consists of “the total of all items having the power to affect or to be affected taken together.” It is “a universe of pure being” … governed by determination and law” (1951). It is also the realm of both universals and values; thus, Feibleman’s ontology commits him to realism about universals (in other words, a “realism” in the sense in which it is opposed to nominalism) and to realism about values (hence the name “axiologic realism”).
The Self-Sovereign Moral Self:
"Morality, to me, is as I see others, morally see me and my actions, in relation to theirs -- It's a lived and learned experienced dynamics of truth, trust, fair-mindedness and honesty, from childhood up".
"The values-conflation problem is the world’s greatest problem, we must straighten out”.
A Systematic Presentation of Peirce's Ethics, James Feibleman
"Morality insists that a motive is either good or bad. That the gulf between them is bridged over and that most motives are somewhere near the middle of the bridge, is quite contrary to the teachings of any moral system which ever lived in the hearts and consciences of a people" "The very simplest and most rudimentary of all conceivable systems of quantity is that one which distinguishes only two values. This is the system of evaluation which ethics applies to actions in dividing them into the right and the wrong" Morality, as the application of ethical principles to conduct, must be an affair of approaching more or less closely to but not of attaining absolute limits. Thus it requires a many-valued system and not merely a two-valued one. "The rule of ethics will be to adhere to the only possible absolute aim, and to hope that it will prove attainable. Meantime, it is comforting to know that all experience is favorable to that assumption" C.P.
In my own summation:
Values are the most important universal Zeitgeist agency on earth; where, The moral self grounds in itself; the ethical grounds in self and law; and the rational scientific grounds in self and earth – 3 independent groundings. Morality is the automatic actions created between our essence and the mind’s noumenal agents, “self-auto-creating our esthetic judgment noumena and morality” from experiences, interpretive-interpretant noumenal agents (percepts) and our bio-noumenal essence potential, interactions. (The “thing in itself”, exposed) (Simply put -- My essence can ground itself, no other way).
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A Question of Limits — System Costs…
E = 1/5 X — A 1/5 Division of Global Exchanges Creates Perfect Competition…
A warning: You will understand none of this without abandoning conventional thinking, and adopting a theoretical stance of non-conventional thinking.
What are system costs? They are the costs it requires us to run capitalism beyond its natural state costs. What is capitalism’s natural state? That’s a rather difficult question and should be better phrased as; “What would be capitalism’s best natural operating state?” Now, that’s more answerable. Capitalism’s best natural operating state should be a state of pure equilibrium of global prices and resources according to contained value of each resource and product. O.K., but that poses a further problem when all nations have different amounts of individual resources and populations, how would we ever achieve pure equilibrium? I could see writing new dynamic laws to equilibrate prices, but not resources and populations. Wait a minute, we could also write dynamic sliding time scaled ratio-balancing laws to even balance out unequal resources and populations per GDP’s, as long as all currencies are also dynamically sliding time scale balanced to all internal and external prices and resources to GDP ratios. Such ideas must always respect the core necessities of incentives, supply and demand not be disturbed.
Now, let’s get back to the initial question — What are system costs? Since a perfect state of capitalism would be a pure and true equilibrium state of global prices and resources, system costs would be the costs incurred by and beyond any initial state balance into imbalances in prices and resources from its initial pure state model, and these costs would be proportional in a direct ratio to such imbalances, i.e., the further capitalism became imbalanced to its initial pure state balance of prices and resources, the higher the excess system costs would become, of running such a system. That’s a pretty straight-forward probability matrix, is it not? So, why all the problem of global political-economics, of the present imbalances and excessive costs, being laid back on the many by the few? Is it a problem of education? Is it improper education or possibly a learning disability? Are we all intellectually dyslexic? What gives here, when the problem seems so simple to solve? Have we not ever tried to solve the real problem of “excess system costs”?
It seems this is the problem. We have never even entertained the question about the problem of “excess capitalist system costs”. Why? I don’t know. Is it possible no-one has ever thought of posing the simple question? Quite possible, as it easily seems to answer it-self as soon as it’s posed.
How exactly are excess system costs/debts incurred, above normal market debts? Global computerized speculation has excessively imbalanced markets; therefore, global computerized arbitrage is now required to rebalance markets. Since excess computerized speculation (all speculative short and long positions combined) exceeds natural market arbitrage, written law computerized arbitrage must now be instituted to even begin to rebalance global markets. Natural market arbitrage falls far short of what is required to naturally rebalance markets. These inertial market changes have taken place so subtle over the last several decades, we simply haven’t noticed the massive growing imbalance’s true causes, as most do not understand computerized speculation and arbitrage dynamics for the imbalancing damage it’s truly doing, when these two necessary market states are out of balance as severe as this state of affairs has become. The laws of nations must change to better govern the speculation-arbitrage dynamics of modern computerized supply and demand.
How can excess system costs be resolved autonomously? 7 new systems of laws must be emplaced to solve our excess system costs problem autonomously:
1. Honest mandated specialty education.
2. External exchange clearing.
3. Internal exchange clearing.
4. A new triply entry “Bank of the U.S.” under Treasury control.
5. A P.X. leisure age employment stabilization system.
6. Computerized rebalance
arbitraging against excess speculation.
7. New dynamic sliding time scaled laws instituting all systems.
Are both external and internal exchange clearing required? Yes. The entire system will be governed by a new dynamic incentive law system. External exchange clearing will be instituted to handle the excess derivatives and foreign exchange speculations, where all transactions will pass through either its computerized monitoring section or its live people (specially mandated educated) governed board of directors. All foreign transaction must be processed through this new clearing system, for global balance of payments, currencies and prices rebalancing processes. This will be instituted by such suggested new laws as per Paul Davidson, or Keynes’ older “bancor” and international bank clearing system, also much the same as Plato 1st suggested millennia ago. This system will be a best practices combination of all three. (see reference links below)(must also include all Keynes’ inter-governmental papers ideas about bancor, mainly in Skidelsky)
What are the major elements of internal exchange clearing? Internal exchange clearing is a dynamic incentive law structure, consisting of a 1/5 P.X. social contract paradigm change, a new triple entry banking system with an autonomous self-managing printing press — Only — when the entire system of laws and institutional changes are fully implemented. The system is an 80%/20% inverse wage social contract eco-legal and banking system — Completely Marketized — As a national Or global capitalist system. The P.X. is then capable of functioning as a crude-printed public works system — Instituted — Only — after complete social contract overhaul — Top to bottom. The 1% to 20% P.X. is a total dynamic pricing mechanism of all commodities, goods and services — Within This Sector Only — Designed to prevent inflation and reflate deflationary periods, if ever necessary, and with all official exchange markets left untouched. The manufacturing sector of this system will have total quality control laws to prevent junk inflation — Legally computer monitored, with strict legal enforcement of the total structure. The entire structure is designed to create a price-downward pricing mechanism, which dynamically prevents unwanted inflation, yet can also be used for fast emergency reflations.
Internal exchange clearing is a total solution. We claim “Internal Exchange Clearing” is the only feasible answer for the future — The final answer to most all of our financial problems. It is a system offering an all-encompassing solution to most national and international problems and conflicts. This is a monetary system proposal to rebuild America and the entire world — A scientifically quantifiably provable system, with math, graphs and counterfactual logics. We claim this to be an answer to everyone’s wishes — from environmentalists to financial tycoons — All are satisfied by “Internal Exchange Clearing”, as it has the rare ability to solve such massive problems, from the environment to science, technology and high-finance.
How does triple entry banking function? This will be an entirely new “Bank of The U.S.” legally instituted as a public enterprise bank, as per Hamilton’s first “Bank of The U.S”, fully separate from the existing FED, even though it can be run out of the same buildings, with new law mandates. Triple entry banking is simply negative reserve banking, governed by its own new set of laws and management. Triple entry banking is an entirely new expansion of the existing banking system, allowing the nation to move from national debt obligation, to national debt sovereignty. It’s a banking system balanced on world transactions ratios to national debt levels, with complete computerized oversight and semi-philanthropic management. It is a monetized debt system of triple entry banking — dynamically adjusting percentage wise, debt to GNP, amongst participating nations. Of the 100% to 80% free market to the 1% to 20% dynamically price-semi-managed market, only the 100% to 80% free market needs repayment. The 1% to 20% dynamically semi-managed semi-philanthropic market needs no repayment; but — Only — After full system implementation, and this point can-not be stressed enough — Only — After full system implementation. Every piece of the entire system must be in place — First. (see reference links below)
How does triple entry banking accomplish being a self-managed printing press? The 80%/20% market law structure’s J-curve actions automatically control all inflation, deflation, exchange rates and competition, etc., upon full implementation. The entire 1/5 P.X. market dynamics automatically self-autonomizes the entire system within reasonable financial bounds, through its dual-action supply and demand dynamics between the two percentage systems. These dynamically semi-managed prices automatically supply and demand balance exchanges, inflation, wages and debt ratios, etc. — The entire system through. The whole systems’ dynamics are fully quantifiable by the simple formula of E = 1/5 X, clear concepts and graph mechanics’ logic.
How does the P.X. leisure age labor stabilizer function? This involves placing the public sector P.X. labor market stabilizer in a dual-mode supply and demand competition with the existing free-enterprise sector of the economy — One semi-managed and one free as it presently is. The semi-managed P.X. is a 1% to 20% maximum sequester of all means of resources, goods, services and production, to be sequestered only as the evolution of the 100% to 80% free-enterprise side of the economy closes outdated and outmoded businesses, companies and corporations, through its natural economic attrition processes, unless emergency economic mechanics and conditions mandates a necessary acceleration of more full institution, even to the high emergency level of 20%, its maximum public support limit of dynamic mechanics — Which must be used if a full blown global depression befalls us all, before institution of this new capitalist system is legally emplaced and functioning. Digital technologies, computers, formal functioning databases and industrial robotics, continued labor market share, will clearly warrant this implementation, sometime in the near future. This new market system will require an extensive law system to fully institute. This will be the largest and most complex law system of all 7 offered, and much of the market moves by authorities will require full secrecy, not to alert speculators to such windfall opportunities. Varied implementation scenarios can easily be applied, secretly.
How are derivatives markets resolved? The derivatives problem will be resolved through a computerized oversight by the historically well-known yet never instituted external exchange clearing. Derivatives, being the most complex of all capitalism’s market transactions must be carefully and thoughtfully managed, not to disturb the necessary international financial transactions, already in play — This is of extreme importance and interest to the international bankers and major corporations involved, and the entire system is designed not to upset these special interests, but actually compliment their needs, as any form of capitalism can survive by no other method. Even though Warren Buffet called them “financial weapons of mass destruction” he forgot to offer any real world solution, which “Internal Exchange Clearing” does offer, and that is proper monitoring and assistance until global prices and currencies can be fully and truly rebalanced, which will completely reduce the dangers and damages this market has on the real world, even though it presently acts as a real global insurance risk policy for all major international banks and corporations, even if highly flawed. Direct law on derivatives is not the best practice method available to deal with them. Fixing the underlying structural laws and market prices, back to true ppp’s (real purchasing price parities) is the best method, thus automatically solving and dissolving the derivatives problems over enough time — Safely — for all involved, and even to us mere citizens’ joy.
How is debt resolved? Debt is easily resolved through the dynamics set in play by all external and internal exchange clearing, banking and P.X. being fully instituted and implemented. All public debts — Public Debts Only — over enough time, can be fully monetized with no inflationary damage to this powerful system of self-autonomous dynamics. Debt monetization is recommended to take place in exact ratio to implementation percentages, from the 1% to 20% maximum level, as deemed necessary according to real world conditions and needs — This would be to increase debt monetization the same corresponding percentage increases of entire system institution and implementation ratios — This is not set in stone, but only a best recommended scenario of real debt reduction. It may take you some extra time to wrap your conventional mind/brain around this idea, requiring new and expanded highly theoretical thinking, with fully unconventional and totally new theoretic thinking, as we pre-warned at the head of this paper.
How is inflation resolved? The inflation dynamics is a bit more complex to explain than the deflation mechanics below, but basically it’s when the overall dynamic mechanics of the entire system is fully implemented, and as already mentioned above, it becomes a very dynamic dual-purpose and action supply and demand system, with the new P.X. market able to work its downward pricing mechanics on the upward pricing mechanics of the totally free-enterprise side of the economy, thus halting inflation in its tracks, when deemed too costly to the system. This semi-managed dynamic pricing P.X. will be controlled by very strict enforcement of its law structure, to prevent what could easily become an extremely corrupt system, if not done so. This is the major reason this part of the system is so crucial to being properly legally controlled, having stiff penalties for moral and ethical violations of its managers and participants. As long as everyone stays honest, and we can see no reason why they really wouldn’t want to be honest in such an efficient and moral system, as violations should be punishable by ostracization from the awesome benefits of the system, and we feel most people are wise enough not to cut their own throats that bad.
How is deflation resolved? Due to the safeguards of the above 7 systems emplaced, the new triple entry banking system can safely actually crude print, if necessary, and the 20% P.X. labor system can hire all workers laid off in the 80% free enterprise side of the entire system. The entire system mechanics can even create, afford and tolerate a 10% to 15% growth rate per year, without incurring dangerous inflation. All is needed to do is to bump up the dynamics of the sliding time scaled mechanisms’ laws, to its highest efficiency levels, easily employing all who wish to have a real job, even if it’s a leisure-age job of doing one’s own hobby, for a decent wage. The system is capable of creating new jobs at any rates that may be required to revive proper and full employment, thus ending any deflation, unwanted, plus avoiding the looming problems of digital technologies, computers, formal databases and robots further de-employing capitalism.
Is autonomous action best, or is universal action best? Universal action is best, but either will work. We suspect unilateral autonomous action will be the route necessary to take, but once known, any nation can be the first to take unilateral action. I suspect China or Russia just may be the first, unless we act first. Even if they do act first, it’s still no problem for us to act second or later, as “Internal Exchange Clearing” is that capable a system of capitalist revival from the dead.
How is political action achieved? Local political action is best achieved by education — Education first of all for the economists needed to educate the political scientists, other economists and politicians, and finally mandatory academic logic, math and economic courses meriting their metal of thought, comparable to our present real world needs for this system’s integration and operations.
These ideas should be further clarified, simplified and fully understood by as large a group of knowledgeable economists as possible by distributing this work as widely as possible amongst them and others. We ask for the help of as many economists, historians, mathematicians, physicists, chemists, biologists and logicians as we may possibly attract, as we feel the fast approaching robotic de-employment of capitalism is a very close reality, with its far more than presently thought, rapid spread, making time of a primary essence. We feel it best to pre-implement before a real and dangerous financial collapse is fully upon us, even though this system has the power to raise the entire capitalist system, even from the dead extreme liquidity trap it most certainly will face, some time out into the future, with all the increase of debts, trouble-spots and de-employments by robots and other techs, we see upon the horizon. This is just a message to be persuaded to heed. It is not a dire warning, but it could easily become one.
How is international political cooperation achieved? In the existing climate of non-international cooperation, education is our best foot forward. Next would be to institute the system unilaterally, as it is capable of autonomously functioning completely unilaterally, independently. If any nation were to do so, other nations would most likely competition-wise need to follow suit, as the efficiencies would be irresistible, not to do so, as they’d be so economically punishing. Another method of achievement would be to simply realize a very similar system is already functioning globally at present, by way of China’s mercantilist practices of its manipulated low value currency and market system actually presently clearing all capitalist world exchanges of inflation, by its low export prices, due to its highly undervalued labor arbitrage forces upon the existing capitalist system. One only needs to look to see these facts. If China were to implement first, then the rest of the world would be forced by competition to copy. It’s really that simple.
Are there limits to credit/debt expansion? Yes. In general terms, the limit of credit/debt expansion would be; “Nations can only print until the costs of repayment of debts exceed the limits of the printing press gains”. In other words, nations can never exceed the pay-back abilities of total costs, where excess printing only destroys the economy with capital flight and hyper-inflation, as that’s the guaranteed limit of any nation exceeding its limit of repayment abilities. This number is always dynamic and must be figured according to the total data of the date figured. The IMF, World Bank, Bank of International Settlements, Clearing House of International Payments System, Federal Reserve, U.S. Treasury, Comptroller of Currency and The Congressional Office of Management and Budget can all be consulted for the numbers needed. The CIA World Fact Book is also highly useful, for quick global facts.
We kindly request help from as many professionals as may offer.
publications/the-world- factbook/index.html http://en. wikipedia.org/wiki/Bancor Keynes Bancor
Bretton_Woods_Conference Keynes Bancor http://www.bis.org/ review/r090402c.pdf Keynes Bancor http://www.imf.org/ external/np/pp/eng/2010/ 041310.pdf Keynes Bancor http://en.wikipedia. org/wiki/Triffin_dilemma Keynes Bancor http://econ.bus.utk. edu/documents/davidsonpapers/ reg2.pdf Paul Davidson’s Keynes Bancor System - International Money Clearing Unit (IMCU)
otc_hy1405.pdf End 2013
Int. Labor Org. http://www.ilo.org/