AuthorTopic: And So it Begins... Global Income for Life  (Read 3072 times)

Offline Eddie

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Re: And So it Begins... Global Income for Life
« Reply #60 on: July 16, 2018, 08:02:59 AM »
Now, I DO have to assume that printing these millions of monthly free checks would push up consumer prices. The question is how much....and also whether the loss of money in circulation by hoarding affects that phenomenon.

If we handed out free checks, what do you think the "new" money would be spent on? Would it be on energy and food?  Rents?

I'm guessing not so much....but I'm not sure.
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Online RE

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Re: And So it Begins... Global Income for Life
« Reply #61 on: July 16, 2018, 08:13:53 AM »
Now, I DO have to assume that printing these millions of monthly free checks would push up consumer prices. The question is how much....and also whether the loss of money in circulation by hoarding affects that phenomenon.

If we handed out free checks, what do you think the "new" money would be spent on? Would it be on energy and food?  Rents?

I'm guessing not so much....but I'm not sure.

Unless you institute Price Controls along with the UBI checks, you are guaranteed to get Price Inflation in a Capitalist economy.  This because every landlord and food seleer will raise their prices to the maximum the market will bear.  So if the consumer formerly only had  $400 for rent, the max the landord could charge was $400.  If his UBI check gives him $800 to spend on rent, the landlord raises prices to $800 to maximize profit.

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Offline Golden Oxen

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Re: And So it Begins... Global Income for Life
« Reply #62 on: July 16, 2018, 08:26:06 AM »
I will repeat this hypothetical. I'm disappointed nobody has an opinion on this. It matters.

if more and more money is going to fewer and fewer people, then that is highly deflationary. That takes a lot of money out of circulation.

So...IF...if governments just printed the money in the form of social security checks and just kept fudging the math to make it not implode (borrowing more zeros from the future) , would that really have a negative effect monetarily, given that the one phenomenon might somehow cancel out the other?


I expect people much higher up the food chain are wrestling with this idea. If the inflationary effects of free money are offset by the deflationary effects of most of the profits of industry disappearing into the pockets of a few hundred people, then there is a chance that UBI could work, at least for a while.

But it's uncharted waters, I think. Is there a historical precedent of any kind?

It's still a welfare check, and the usual negative consequences would accrue to the recipients, I think. But that is another topic altogether. I'm saving that for somebody else to talk about.

Your supposition is fallacious. Inflation is an increase in the supply of the purchasing unit. You are confusing it with the price level, a common error.

In order to understand inflation one must clear his head of all these notions that are merely bankster skullduggery from the anti-gold bankster cartel to obfuscate and confuse while they rape and plunder.   


Actually no......I'm not confusing price action with inflation/deflation. Pay attention.

Rich people hoard cash and liquid assets. This directly lowers the number of "purchasing units". Right? They take money out of circulation forever. That's a large and ignored part of the deflationary force that threatens to push into into a depression. This is happening now, constantly and has been ongoing since about 1980.

Money is supposed to circulate. Remember that there is a multiplier effect. Money is circulation creates a virtuous cycle. More and more money accruing to fewer and fewer individuals kills that.

Printing money in the form of UBI checks directly increases the number of purchasing units. Money from nuthin'. Checks for free.

No it doesn't work that way and you are continuing to confuse the two.

Let me state it differently to try and get my fact across.

If there is a total of 1000 dollars in the world and they are the only method of payment for goods and they stayed at that level for let's say 20 years, there would be no inflation during that 20 year period.

If 100 more were created in the 21st year you would have increased the stock of money by 10% thus creating a like amount of inflation.

Your concern of who has it and how they spend, save, invest or whatever, buy gumdrops with them, is a trick used by banksters in their propaganda campaign to fleece and continue the con game.

The creation of the new money is the inflation as it debases the value of the existing stock by 10 percent.

While your idea is understood by me it is not correct. You are talking about another topic, namely, what happens to the inflated currency once it is created. I realize you think they are the same topic but let me assure you they are not.

You are far from alone in this type of conjecture, it is a trick often used by proponents of fiat money to conjure up reasons to fleece the financially unsophisticated, which is most of the population.

Inflation equals the amount of money in existence.

It can get a lot more lofty than this and it would take volumes for me to explain the multiplier effects and how this money increases asset values which in turn creates more money not visible as countable as cash but having the same increase on the total amount of spendable money in existence, leverage, options, derivatives and so on and so on Ad Infinitum.

Trust me, inflation equals total amount of money. Period.



Offline azozeo

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Re: And So it Begins... Global Income for Life
« Reply #63 on: July 16, 2018, 09:49:34 AM »
When we were kids we would steal smokes from the parents.

The we'd get caught & usually the punishment was to have to smoke the whole pack.

The old man would get his wish & watch all of us young'ens turn green  :icon_mrgreen:

Same thing goes here. Free money, chip 'em & bring on the hookers & blo til' ya' puke.

That'll fix 'em or kill 'em.

Does Amsterdam have a hookers n' blo problem ? neeoooo.... Legal schmegal, just not free, yet !
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline azozeo

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THERE IS NOW OFFICIALLY 3 TIMES MORE DEBT IN THE WORLD THAN MONEY
« Reply #64 on: July 16, 2018, 10:04:31 AM »
How apropos.....

Free global income & 3X's the debt to money ratio.
Only in the merry old land of oz.....


https://www.blacklistednews.com/article/67143/there-is-now-officially-3-times-more-debt-in-the-world-than.html

https://www.bitguru.co.uk/crypto-news/there-is-now-officially/
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline azozeo

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Global Income for Life - Chi Town Becomes the 1st Major City.....
« Reply #65 on: July 19, 2018, 10:03:38 AM »
Chicago Alderman Ameya Pawar is worried about the future.

He is concerned that a coming wave of automation could put millions of people out of work and result in more extreme politics.

Pointing to investments in autonomous vehicles by companies like Tesla, Amazon, and Uber, Pawar observed that long-haul trucking jobs, historically a source of middle-class employment, may become obsolete. More people out of work means more political polarization, says Pawar.ĒWe have to start talking about race and class and geography, but also start talking about the future of work as it relates to automation. All of this stuff is intertwined.Ē



https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline Eddie

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Re: Global Income for Life - Chi Town Becomes the 1st Major City.....
« Reply #66 on: July 19, 2018, 12:01:13 PM »
Chicago Alderman Ameya Pawar is worried about the future.

He is concerned that a coming wave of automation could put millions of people out of work and result in more extreme politics.

Pointing to investments in autonomous vehicles by companies like Tesla, Amazon, and Uber, Pawar observed that long-haul trucking jobs, historically a source of middle-class employment, may become obsolete. More people out of work means more political polarization, says Pawar.ĒWe have to start talking about race and class and geography, but also start talking about the future of work as it relates to automation. All of this stuff is intertwined.Ē



https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/

Ameya Pawar is an interesting guy.

Never had a job, as far as I can tell, he went straight from Chicago grad school to Alderman without passing go.

He represents Lincoln Park and other liberal bastions of the gentrified north side, not the poor people.

He is a "proud Hindu", but his wife's last name is Epstein. Until about 2014, she was working as his chief of staff. Now she heads some tony non-profit. I don't think she's ever had a real job either.

He was gearing up to run for governor, but apparently he couldn't raise money, or the party smacked him down.

To me, he represents exactly what I've been predicting in many of my posts here......that socialism is going to get more popular and will be brought to us by a wave of new brown politicians who themselves are beneficiaries of the social welfare system. Supported by the same idiots who love the Clintons and the Obamas and their "special" minority mascots.

I'm not against social welfare programs, but I doubt I'll love living in socialist America, if and when it gets here. It will no doubt be run by well-meaning people like Pawar, who have very little connection to the real world.

It might seem far-fetched now, but it's coming, if BAU persists long enough. Some of you will get your fondest dreams to come true. Hope you like what you get.



« Last Edit: July 19, 2018, 12:13:53 PM by Eddie »
What makes the desert beautiful is that somewhere it hides a well.

Offline azozeo

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Global Income for Life - Ruskie Style
« Reply #67 on: July 22, 2018, 10:26:38 AM »
This Basic Income Conference moto was ďLetís win poverty in Russia together!Ē, and it took place in Moscow on the 26thof June 2018. It was organized by the combined efforts of the activist organization Basic Income Russia Tomorrow and the Moscow Communists (members of the Communist Party of the Russian Federation), which also invited leaders from the Trade Unions of Russia (Khramov Sergey Vladimirovich, General Labor Inspector) and the Russian Land Charity Fund (Baldanova Zinaida, Chairman of the Board of Trustees). The Conference main purpose was to debate around issues related with poverty, and how to solve it within the Russian context, while having present the best international examples on the subject.


https://basicincome.org/news/2018/07/russia-basic-income-conference-organized-in-russia/
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline azozeo

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Re: And So it Begins... Global Income for Life
« Reply #68 on: August 31, 2018, 09:28:44 AM »

The World Global Settlement Funds, referenced on this page, should not be confused with the SG World Trust. The World Global Settlement Funds have in excess of $47 trillion to disburse to 140 nations across the globe. This due and lawful disbursement has been blocked by the Washington DC private corporation for more than three decades. The SG World Trust is much bigger, and older, than The World Global Settlement Funds.)



http://alcuinbramerton.blogspot.com/2010/10/world-global-settlement-funds.html
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

Offline azozeo

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Re: And So it Begins... Global Income for Life
« Reply #69 on: September 02, 2018, 09:29:19 AM »
NESARA is the covert National Economic Security and Reformation Act (March/October 2000). Notice that the S stands for Security; not for Stability. (S for Stability is a Bait-and-Switch mirror fraud; so is GESARA. More background here). NESARA is an American legal initiative with radical and benevolent global consequences.




http://alcuinbramerton.blogspot.com/2007/07/nesara-announcement-expected-in-run-up.html
I know exactly what you mean. Let me tell you why youíre here. Youíre here because you know something. What you know you canít explain, but you feel it. Youíve felt it your entire life, that thereís something wrong with the world.
You donít know what it is but its there, like a splinter in your mind

 

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