Here we will address a ” pretender bender ” who calls himself “ David B “ who Is parroting Victor J.AGUILAR from Axiomatic Economics, lets dismiss these preposterous claims of unqualified assumption shall we?
David B: MPE Assumption #1: People trade things that are of equal value. If they trade things that are not equal in value, then one of them is being cheated. Ignores Marginal Utility: People come away from trades with something of greater value than what they brought to them and that their valuation of things depends on how many of those items they already own
REPLY : In MPE we pay for what we consume, logically an item depreciates in value if we consume it which doesn’t directly reflect the value of any other items one may own because we choose the rate at which we consume those other items . Money or the secondary issuance ( further representation ) will always equal the former issuance of one of our promissory obligations without banking exploitation ,money therefore will be then our very protection that represents a true record of our exchange so we categorically know we are giving up an equal representation of wealth to each other that’s unexploited evidence of our promissory obligations we have to each other ( money creation ) , however there is no need for a margin utility if you want to give away your money or labour & production because you cant issue a promissory obligation representing nothing of value in doing so, rather it has to come out of your earned savings or your own pocket thus it will be your loss & your loss alone. There’s no free lunch or unearned profits in MPE, we give up & receive an equal representation of wealth to each other which also consists of * the earned profit which is a greater value upon further of our labour & production we give up & receive from each other , GREATER VALUE IS INCREASED EARNED PROFIT PER NEW REPRESENTATION OF PROPERTY (NRP) WE GIVE UP TO EACH OTHER without banks or government representatives intervening on our business & commerce stealing from us in the process *
EG : If I built a house for 70 thousand in a Mathematically Perfected Economy™ & sell that house for 100 thousand consequently that 30 thousand is my ” earned profit ” which is * GREATER VALUE * where I gave up my labour & time to produce a house & what some one pays me for that house by issuing a 100 thousand dollar promissory obligation ( money creation ) thus issuing 100 thousand UNEXPLOITED dollars into circulation upon the sale is always an EQUAL representation of wealth we give up to each other ,not that we give up to any publisher of money OR bank who merely pretends to loan us money risking nothing of their own.
David B: MPE Assumption #2 (based on #1): Borrowers are trading more money in the future for less money now. It follows from premise #1 that they are being cheated. Ignores Time Preference of Money: money today is more valuable than money tomorrow.
REPLY: No one is borrowing or loaning money from anyone because we create money (principal only) however there is a debt, so its only a obligation then to pay & rightfully retire (principal only) that you created on conception to pay for the property you purchased in the beginning, time preference is not ignored because we retire principal at the rate of consumption or depreciation of the property we purchased.
You can pay down your house sooner under MPE if you want?
No one is trading money in the future for less money now rather money is always equal with respect to the volume of remaining circulation , remaining property value & remaining debt , For example If you bought a house in a mathematically perfected economy™ for 100 thousand dollars with a projected life span of a 100 years & you paid down (principal only) sooner over 50 years rather than the projected 100 years the CMI will still retire the money you may have already paid in advance accordingly to the rate of the depreciating life span of the house you purchased still adhering to MPEs 1.1.1 ratio.
However If one did choose to pay down their obligation faster one wouldn’t have that extra money one otherwise would have to spend on other things such as a business, expanding business , paying employees more for example which is a true free enterprise sovereign market unique to any nation free of exploitation. MPE is NOT socialism nowhere near it . you cant brand MPE with any pr-existing name or ” ism ” because MPE simply cant be compared to anything we have seen in history in any nation, to do so only demonstrates ones very own wilful blind ignorance .
If you decided to sell your house that you paid in full after 50 years you keep the remaining value of the house which is 50 thousand dollars free of taxation or exploitation & it’s yours because you have already paid for your house, however whoever buys your house after 50 years issuing their own promissory obligation likewise takes on the remaining 50 thousand dollar obligation on the house which is also in adherence of MPEs 1.1.1 ratio respectively to remaining debt obligation, remaining value of the house & remaining money in circulation.
David B: MPE Assumption #3 (based on #2): Any monetary system subject to interest ultimately terminates itself under insoluble debt. It follows from premise #2 that, because the charging of interest is not currently prohibited, the world economy is destined to collapse. Ignores Velocity of Money: Money in circulation is used over and over again before debts come due.
REPLY: MPE doesn’t ignore the velocity of money because it identifies the velocity of money we pay out of circulation ( principal & interest ) on our falsified debts to local banks terminally depletes a circulation that only ever consists of some remaining principal at most , where the rate of circulatory deflation or the theft of circulation by all local banks depletes circulation at a greater rate of any former re-inflation by means of national debt thus irreversibly multiplying debt thereafter, clearly evident by increasing sums of national debt . Identifying then banks don’t spend what they steal “principal & interest” back into circulation because the velocity rate of a monumental theft of circulation is governed by the rate of interest on our very own falsified debts to local banks where principal & interest is stolen ,laundered out of circulation over the years & thus consequently the money banks steal is loaned back into circulation as a terminal multiplication of national debt just to re- inflate circulation, continuing the banking cycles of what is a guaranteed dispossession & consolidation of all our property & wealth public & private in the very end .
Money in MPE simply circulates over & over until the debt ( principal only ) is fulfilled likewise its retired at the consumption rate of the property one may have purchased, however principal is NOT generally paid in full before the debt is due or fulfilled , unless one chooses to pay their debt off faster but this does not mean the money paid in advance is retired faster than consumption as I have already articulated above.
In MPE its NOT difficult to control “Velocity of Circulation” because the money we create, earn & pay-down from circulation is RIGHTFULLY RETIRED at the rate of consumption or depreciation we decide of the related property , where if someone unfortunately defaults on an obligation the property in question is fully redeemable for its remaining value , anyone who merely assumes human nature can adversely effect MPEs simple 1.1.1 Second grade math ratio needs to think again go back to school come back & articulate how & why exactly human nature can be adverse in the 1.1.1 ratio ? Because you if you did think again you will clearly see with logic alone that MPEs 1.1.1 ratio is insulated from any outside human nature or adverse emotional decisions simply because we retire money at the rate of consumption of property , its not rocket science .
David B: MPE Assumption #4 (based on #3): There is class conflict between labourers and usurers as they battle over the unearned gain (surplus value) that is the proletariats’ due. By an argument similar to dialectical materialism, as the world economy collapses (see premise #3), the implementation of Mathematically Perfected Economy™ is inevitable. Montagne writes:
Absolutely prohibiting the collection of interest is a type of Socialism that requires enforcement.
The bigger problem with MPE is that no one owns anything. And since the value of everything determines the money supply, what is to prevent the banks from regulating, dictating or punishing how you use or how much you use your car or house of whatever. Everything you have in MPE is on leased.
REPLY: This last one from David B is preposterous folks, MPE is absolutely not claiming there is a class conflict between labourers & usurers rather MPE is proving & demonstrating with logic & elementary 2nd grade math usurers or banks are stealing unearned profits from the pool of wealth. Usurers , banks or the mere publishers of money however could be considered a class of thief who gives up nothing of their own in the alleged loan contract or the alleged borrowers promissory obligation . Moreover Surplus gain is not unearned profit , unearned profit is charged Interest which is a perpetual deficit that’s often 2X or 3X the principal , principal only I may add that was only ever issued into circulation thus it’s impossible to pay principal & interest out of circulation on all our own falsified debts without someone else defaulting on their alleged loan thus multiplying debt borrowing back principal & interest as national debt at further interest just to re-inflate circulation .
Moreover Mike Montagne DID NOT write or make any claim purporting a prohibition of interest is a type of socialism, this is simply not true , unfounded & an out right LIE , however in a mathematically perfected economy™ a prohibition of interest is essential because MPE proves with logic & 2nd grade math alone interest is the inherent fault that irreversibly multiplies debt .
In a mathematically Perfected economy™ we pay for what we consume which doesn’t mean we don’t own anything or we are leasing anything ,if you pay for property in full its yours, If your not using the representation / money but in possession of it such as earned profit or savings its then merely a record of a prior exchange or former debt that evidences what someone has given up & likewise received giving up their own labour & production to another which is a true representation of wealth, ultimately backed by the liquidity of the property or property value given up in the creation of money ( promissory obligation ) , but this does not necessarily mean ones earned profit or savings can represent ones own debt rather it can also represent & record ones own wealth or entitlement if they have given up their labour & production in an exchange earning that entitlement or money , consequently earned entitlement or money only becomes a debt again when its used in an exchange & only then it can circulate further to be earned & likewise retired on someone else’s unfulfilled debt or promissory obligation thus no one owns the money in the end simply because it has to be retired so as to defeat circulatory inflation, property however is something we can own & consume . Moreover there are no banks in MPE rather we have a nonprofit common monetary infrastructure ( CMI ) sovereign to any nation that handles all transactions & accounts who merely checks our credit worthiness if we can pay down what we have purchased issuing a promissory obligation ,however after the purchase its we the people who decide the depreciation or consumption rate of the property not the CMI , not any government regulation nor any thieving bank. ( see mandate )
Here we see David Bender promoting more LIES ?
David B MPE is based on the assumption that you need money circulating that represents total value of all assets in the economy. Loan money to build or purchase 1000 houses is created and then repayed and retired from circulation at the rate of depreciation of the 1000 houses over 50 years. However, all this time (50 years) that currency for the 1000 houses is circulating in the economy (velocity) and going towards the purchase of other things. The consequence of all this circulating currency is that money supply actually exceeds GDP resulting in inflation.
REPLY : MPE proves & demonstrates to eradicate inflation & deflation we first have to remove unwarranted interest & only then we can balance the remaining volume of money circulating equal the remaining property value & equal remaining debt by retiring principal from circulation at the rate we consume property we purchase .
No one is loaning or re- paying any money in MPE because we the people who create money not any publisher of money as David bender advocates who only pretends to loan money giving up no consideration of their own commensurable or equal to the debt? ,therefore in MPE its an obligation by the obligor ( not a borrower ) to pay the true creditor who gives up property & likewise pay down & retire principal from circulation at the rate of consumption .
The remaining money in circulation simply circulates further over the the remaining life time of property or as long as remaining consumption is left on the property , its preposterous to suggest the total sum of money created remains in circulation & its only retired when property no longer represents value? . In MPE we pay at the rate we consume therefore what we pay down in principal ( NOT PAY BACK ) out of circulation is retired as we consume property which always leaves us with a remaining volume of circulation that equals the remaining obligation or debt until the debt is fulfilled. The consequence is there is no inflation or deflation PERIOD .
David B : SSS (Safety Society System) is very similar to MPE but its much better thought out and controls for inflation and currency velocity. MPE does not. The issue here is that to control inflation, It is important that there is currency availible on demand to make purchases for ONLY those assets that are on currently for sale. There doesn’t need to be cash availible to purchase everything in the economy all the time.
REPLY : What can I say folks ? , SSS (Safety Society System) is not very similar to MPE because SSS (Safety Society System) falsifies a debt to a mere publisher or bank who gives up no consideration of its own commensurable or equal to loan it imposes on a purported borrower & likewise charges a purported borrower interest for the privilege of of being robbed . To make such an assertion stating a system of exploitation such a SSS (Safety Society System) is very similar to MPE is absurd & only proves David Bender has NO authority on monetary solution .
David B: MPE generates and injects cash into the economy to represent all the total value in every real asset in the economy whether its for sale or not.
REPLY : MPE does not generate or inject cash , its the obligor who creates principal upon * new representation * that represents the property they purchase by issuing a promissory obligation & its the obligor who retires the principal at the rate they consume that property they purchase.( see MPE for dummies )
David B: SSS only generates and injects cash (on demand) into the economy for those assets in the economy that are for sale. In this way, SSS is not inflationary like MPE. MPE ignores velocity.
REPLY : MPE most definitely does not ignore velocity because the obligor who creates principal retires that principal from circulation at the rate he or she consumes property. The obligor does NOT retire the total sum of principal after he or she has consumed the total value of the property, to suggest MPE ignores the velocity is to suggest principal that purchased property is paid down & retired from circulation only after the property has no remaining value left or only after property has no remaining consumption left to consume, which only demonstrates David Benders failure of rudimentary logic here in the process of advocating his own purported solution which is nothing more than very similar to the banking exploitation that exists today which is most definitely NOT very similar to MPE , nowhere near it.
Here we see David Benders preposterous example why MPE would have inflation?
David B: * Imagine * a city with 1000 families. Each family makes $75,000/yr, $6250/mo.
All 1000 families bring in a total town imcome of $75,000,000/yr
Each family lives in a house that cost $250,000.
Each family has a fee-based 30-yr loan and pay $700/mo, $8400/yr
This means the economy retires at least $8,400,000/yr
This means builder will need to build and sell at least 34 houses/yr to replace the retired money
34 new home loans will cover the annual salary of 112 workers/yr
The velocity of currency $75,000,000/$8,400,000 = 9
Local Builders can build at least 1000 houses in 30 year
REPLY: This is absurd for starters David Bender should know by now there are no loans in MPE , he only propagates this LIE of loans in MPE & likewise the LIE asserting with no qualification MPE ignores velocity because he advocates banking exploitation himself, moreover there is no inflation or deflation in MPE because we DON’T ignore the velocity of the remaining circulation because we are rightfully retiring the principal from the remaining volume of circulation AT THE RATE OF OUR CONSUMPTION EVERY MONTH ( NOT AT SUCH TIME AFTER WE CONSUME THE REMAINDER OF THE PROPERTY ) that’s always equal to the remaining debt & always equal to the remaining property value.
If we had 1000 * NEW * homes with a life span of 100 years worth $250,000 each we would have 1000 people each creating $250.000 to buy their * NEW * home . Therefore we would have 1000 x $250,000 = 250 million dollars of * NEW * money issued in circulation that equals the remaining property value & equals the remaining debt . Each month the 1000 people pay down & retire $208.325 each from circulation or 12 x $208.325 = $2,499.9 a year which is a total of 1000 x 2,499.9 = $249,990 a year from circulation that’s rightfully retired at the rate of consumption . ( NOT STOLEN BY A BANK Eg: Safety Society System )
Where at one year of consumption each house has a remaining value of $247,501 or a sum total of 1000 x $247,501 = 247.5 million remaining property value that * equals * the remaining volume of money left in circulation which is 247.5 million & likewise * equals * the remaining debt which is 247.5 million .
Income , savings or earned profit therefore is comprised of the remaining 247.5 million that’s circulating, (1000 peoples salary @ $75,000 = 75 million which is comprised of 247.5 million that’s still circulating regardless , one could even pay in advance $2,499.9 x 4 = $9,999.6 a year & pay their debt down in 25 years, or pay $19,999.2 a year over 12 .5 years in fulfilling their $250.000 obligation in MPE, however the money paid in advance sits in your account otherwise as savings & its retired at the rate of any remaining consumption left on property regardless which could take 100 years & any new owner who takes on the remainder of the debt takes on the remaining consumption even if he pays for the house out of savings the money still sits in his account being retired at the rate he consumes the remaining value of that property ) plus all other NEW money created upon NEW represented property which will always be perpetually increasing circulation above & beyond 247.5 million, even if we produce new representation that issues more money into circulation it always will equal the remainder of debt & the remainder of property value regardless that likewise circulates & spent resulting in earned profit or savings so someone else can pay down their obligation or resulting in earned profit for a business so a business can likewise pay either income / wages to employees & or pay down their own obligations , so generally no credit is created for wages in MPE considering we retire circulation at a slower rate ( NOT LOWER ) than a perpetually increasing circulation per new representation, however if you were starting a new business there is an exception if you needed the capital to pay employees wages before your profit margin is sufficient in volume to pay employees wages, you as an employer, would have to put up something redeemable of value of your own that you already owned as collateral to issue a promissory obligation that represents the value for the labour or wages you pay to employees to begin a business ( all promissory obligations are collateralised or redeemable in property so you cant issue a promissory obligation for nothing of value or above the remaining consumption or value of redeemable property )
Therefore by NOT ignoring the volumetric velocity of circulation per representation in MPE we get a result of NO INFLATION OR DEFLATION regardless of an increasing circulation per new represented property if we retire circulation at the rate of our consumption, we always will have a sufficient amount of money available left in circulation so its physically possible for people to earn , save , pay down & retire their obligations or debt either now or in 100 years without irreversibly multiplying debt to re-inflate a otherwise deficient circulation.
“ No builder in MPE needs to build anything new to perpetually replace a volume of circulation that’s rightfully retired which is a sum of circulation that no longer represents remaining property value & no longer represents remaining debt?”
To suggest a builder has to build new homes to re-inflate what is retired that no longer represents value, assuming then a non existent velocity problem exists that David Bender has JUST dreamed up, or was it Victor ?, nevertheless irrationally then deciding because the volume of circulation is always above a total sum of salaries its then inherently causing circulatory inflation, concluding then using what is a clear lack of intellect that circulatory inflation has to exists in MPE because money is not retired fast enough from circulation, which ( WHEN THE PERFECT VELOCITY OF REMAINING PRINCIPAL AVAILABLE LEFT IN CIRCULATION IN MPE IS ACTUALLY RETIRED AT A PERFECT VELOCITY OR RATE OF OUR CHOICE OF CONSUMPTION ” EXACTLY EQUAL “ ( NOT ABOVE OR BELOW ) BUT ” EXACTLY EQUAL ” TO THE REMAINING VELOCITY OF DEBT & ” EXACTLY EQUAL ” TO REMAINING VELOCITY OF PROPERTY VALUE ) is an epic failure of rudimentary logic by brain dead bender & Victor here, simply because they’re clearly not taking into account that an obligation can be retired over a 100 years & the principal I created for my house for example is actually earned & retired on someone else’s obligation as the true creditor who gave up property to me spends it & I likewise earned & retired someone else ‘s principal they created on their obligation from another true creditor spending money , even though the debts are varying amounts we are all retiring the sum we created or retiring the sum of principal at the rate of our consumption from an overall pool of wealth regardless.
If I earned $75,000 X 50 years = 3.75 million but I only issued a promissory obligation for $250,000 for a house which is logically below my total income NOT above my total income, now if my obligation was actually above my total income I CANT PHYSICALLY PAY THE PRINCIPAL DEBT? however I retired $250,000, but I also earned the remaining 3.5 million over a life time of working as a result of many others who are issuing new promissory obligations issuing new circulation upon new representation, but that 3.5 million can only be retired as a result of me spending it in a overall pool of wealth where many others again likewise earn it off me & subsequently off each other & retires it on their own obligation at the rate of their consumption as I did with my $250,000 obligation, SO what does brain dead bender & Victor suppose I retire on in my old age? or do they expect I will get a an old age pension I cant possibly live on because its paid with an irreversible multiplication of artificial debt or perpetual re-inflation? Because that is exactly what they advocate which can only multiply artificial debt to pay the former falsified debt , thus all we have here from David Bender & Victor is a * limited imagination * of 11th hour pretenders who PURPOSELY point people away from MPE with what is clearly fabricated LIES & PREPOSTEROUS unqualified assumptions to not only confuse themselves but to confuse & divide others in a mere unqualified attempt to discredit MPE in the process of not only advocating the lies of economy as fact but further banking exploitation as some purported alternative solution.
THERE IS NO INFLATION OR DEFLATION IN MPE:
The meaning of ” inflation ” is to increase but its an abnormal or distorted increase, so there is no such thing as inflation & deflation in MPE because there is no distortion or abnormality ,even circulatory in nature neither a increase or decrease of circulation is abnormal or distorts the availability of the remaining volume of circulation that it was intended to represent in relation to remaining property value & remaining principal debt /obligation which are balanced or always equal at all times .
With the total eradication of interest In MPE we have no price inflation on whole because the interest imposed on all our business & commerce today that’s likewise passed onto the consumer is non existent in MPE .
Circulatory Inflation & deflation therefore just doesn’t happen from the get go in MPE even when an obligor issues a promissory obligation for new represented property that issues new money into circulation simply because this increase of circulation is immediately equal to the remaining principal debt & remaining value of the property that the obligor purchased so long as the obligor retires principal at the rate of their consumption there is no inflation or deflation.
Deflation is to reduce or a reduction in the availability of circulation resulting in a deficient circulation . so in MPE we don’t even have deflation or an insufficient volume of circulation simply because we will always have exactly the required amount of money per representation available left in circulation to pay down & retire the remaining principal from circulation in servicing any outstanding obligation , balancing then circulation equal to the remaining obligation & equal to the remaining property value .
Circulatory Inflation & Circulatory deflation therefore means there is a volumetric impropriety that exists in the remaining availability or volume of circulation for what it was intended to represent which is a volume of circulation that’s abnormally above or below its intended representation, therefore the remaining volume of circulation is not balanced or not equal to the remaining property value & not equal to the remaining obligation or debt.
” CONTROLLING INFLATION “ as David Bender suggests therefore means:
1) Controlling the behavior or supervising inflation ( WHICH IS EXPLOITATION ) thus NOT ERADICATING OR SOLVING inflation or deflation .
2) Maintaining the influence ( WHICH IS EXPLOITATION ) of an abnormal or distorted increase of circulation thus NOT ERADICATING OR SOLVING inflation or deflation?