Category: Economics, Finance, and Political Economy

(lame critics)
FIXING THE BANKING PROBLEM
FROM GAMBLING TO MEASURING
RE: Silicon Valley Bank

Now, look at the parade of me-too’s blaming the president, administration, treasury, and fed for another massive failure. I think this is the second or third worst administration in our history. But lay blame where it’s due, not where it isn’t.

Let me clue you in.
Banks are in a market.
The government creates rules of that market – the rules of the ‘game’.
The rules of the game force competitors to the limits of the rules.
The government can’t act in opposition to the rules it creates – unless the do it equally to all.
They can’t do it equally to all. Why?
The compound debt system does not work.
Fixing the compound debt system is disruptive.
The transparency necessary by fixing that system would handcuff politicians and terrify the public.
So no one is going to fix this until it’s so bad that there are no alternatives. (that’s gonna happen)
But (a) we absolutely positively know how to fix it. And (b) it’ll be disruptive. So we can only fix it during a crisis where we’re curing that disruption by fixing it with another.
Economics and finance is not complicated if you’re measuring instead of gambling.
Our system of world credit is based on gambling not measuring.
FIxing it’s possible.
And it’s eventually necessary.

Curt Doolittle
The Natural Law Institute

(lame critics)
FIXING THE BANKING PROBLEM
FROM GAMBLING TO MEASURING
RE: Silicon Valley Bank

Now, look at the parade of me-too’s blaming the president, administration, treasury, and fed for another massive failure. I think this is the second or third worst administration in our history. But lay blame where it’s due, not where it isn’t.

Let me clue you in.
Banks are in a market.
The government creates rules of that market – the rules of the ‘game’.
The rules of the game force competitors to the limits of the rules.
The government can’t act in opposition to the rules it creates – unless the do it equally to all.
They can’t do it equally to all. Why?
The compound debt system does not work.
Fixing the compound debt system is disruptive.
The transparency necessary by fixing that system would handcuff politicians and terrify the public.
So no one is going to fix this until it’s so bad that there are no alternatives. (that’s gonna happen)
But (a) we absolutely positively know how to fix it. And (b) it’ll be disruptive. So we can only fix it during a crisis where we’re curing that disruption by fixing it with another.
Economics and finance is not complicated if you’re measuring instead of gambling.
Our system of world credit is based on gambling not measuring.
FIxing it’s possible.
And it’s eventually necessary.

Curt Doolittle
The Natural Law Institute