Can A Nation Save?

Can A Nation Save?  Those 4 words are highlighted in blue because they are a link to a question asked by Rumplestatskin in the macrobusiness,com.au website.  It was posted 29 May 2014 and at the time I read it on 29 May there were 58 comments on it.  Australia is a day ahead of the USA.

This blog is aimed at understanding what money is by looking at it like Darwin looked at nature and figured it out.  Maybe that is my problem.  It can't be figured that way because there is no "natural logic" to its structure.  No order of things to be discovered.  It is a maze of smoke and mirrors.

I read through the link and throw my hands up in frustration and anger.  I do not understand it.  Those that offer comments have valid ideas.  What does it all mean.  What is the answer to the question?

Save what?  It talks about money, it talks about resources.  It talks about borrowing from the future.  it talks about exchange rates.  It talks about what money is as well as what money does.  It talks about saving and debt.

I am confused as I ever was and still am.  I have gotten nowhere because I just can't follow the conceptual logic of the statements made at the link.

To all those that would say that I don't understand it because I did not start by learning all the fundamental principles of money and the building blocks of money and economics I say:

Stick it!

It is a system that defies reason and logic.  It is a balanced system in a negative based universe.  I can only think in the domain of a positive based universe and build my understanding of money and economics in that domain.  A domain where currency is money.  All else is expressed as money values measured in terms of the currency.  What that structured system of what currency is really  does in operation is economics.

What we call currency is debt based.  There is always a balance between debt and credit.

The only way I can understand what "money" is to say that the term money is starting the attempt to understand as a lost cause from the start.  It must be a focus on "currency".

Currency,  Currency, Currency.  "Money" is a marshmallow term that has no object identity other than a number in an account.

Trying to understand currency and what the game players call money and economics is trying to play their game when their game is claimed to be the only game in town.  Why do we play it?  It is the only game.  A debt based game.  A resource extraction game based on debt.

Debt is a future oriented concept to the extent it must be paid back in the future in its measurement unit: currency.

Asset is a present oriented concept to the extent that it is a function of past debt paid off in its measurement unit: currency.

As past debt is paid off in the current system and currency is extinguished , new debt is established by creating more currency out of nothing.

Assets are the cumulative trail of benefit that the debt money cycle leaves behind?

Is that what is being saved?  What we get from all this money and economics system.

If we view our own existence and life as an Ultimate Asset then is not everything expended or maintained in sustaining it and enhancing it an asset builder at both the micro and macro level?

I will never figure out money as long as it is a debt based system.

Can you or anyone read through the link and say they understand it and have the clear concise answer to the question.  I can't see one in the discussion and it appears to be an intelligent one.

It is all too much like understanding religion.  It might be understood based on its premise.  It all depends on the premise chosen and faith in its believe.  Those that call their faith truth seem to understand it but that is the model of the debt based money system that calls a faith based system the truth.

Currency must be conceptually structured on a natural law system.  The currency system we have now is a faith based system.  Faith structured on debt and future repayment.

Structuring currency on an asset based system owes nothing to the faith in the future to establish the value of what it is.  What asset based currency does, and that to me is the definition of economics, is where we express our faith in the future of continuing and supporting the quality of our lives.

What is saving?  Saving the future by perpetuating it in terms of a natural resource cycle supporting our conceptual social existence based on currency money as our resource allocation decision making tool defines the term "Saving"

Ultimately a nation and collectively the world cannot save unless it can pay back in resources in the future resources that were consumed today.  In a debt based system built for extraction the debt grows beyond the ability to make future payback.  Then we all become impoverished  and in a debtors global prison.

Pay as you go with what you have is a balanced asset system when it is not debt based to leverage self defeating drawing from the future what cannot be paid back.  If that puts a control on the holy mantra of growth for the sake of more growth for the holy purpose of consumption then that is a self control that we must place upon ourselves to save the future.

Bill Black always gives me inspiration when I need it.  My other heroes do too.  Today Bill posted at New Economic Perspectives:   "The OCC Carefully Studies How To Fail"

"The consistent explanation for our making things worse is that dogmas lead to “doubling down” on failed faith-based policies.  The dominant ideologues in the U.S. and Europe on financial policies are theoclassical economists and their fellow choir members – neoclassical economists"

Our fundamental system is built on the wrong premise.  However that may be, at least the dysfunctional system could work better if regulated and Bill is first and foremost in saying that.  He not only says it but is proof that regulation works.  He did it.