Thou Art Peter............

The subject of this blog entry is an appropriate way to kick off thoughts on a Sunday morning.

The thought:  Religion is a social science.  Science and religion have a hard time getting along.  Some say they are not compatible at all others say they fit well together.....in their scheme of things.

It all depends on the scheme of things.

No, on second thought in order to deliver the direction that this is going the previous statement needs to be revised:

It all depends on the schema of things.  Scheme or Schema.  Pototo or Potato.  Same-O, Same-O?

No, maybe the same thing that I like to put gravy on but how it is stated as a frame of reference makes the difference.  Schema sounds so scientifically academic.

If Religion and Science have a hard time getting along together, Social Science are two words that also have a great amount of friction.

So, now that I have made a meandering, tedious intro to what I want say this is the link that kicked off the the morning's thought and the cornerstone of that thought that is the subject of this blog entry.

Econometrics, open science, and cryptocurrency

Maybe I liked it simply because the author beats around the bush excessively laying the ground work for what he wants to say in the end.  I have long known that I should always take what ever is at the end of the first draft of whatever I have written and copy it to the beginning to bookend what is in between by stating where the whole thing is going and then plod through how it got there.  That would be for the benefit of the suffering reader.  Nobody reads this so I write like I think from the beginning.  How is that?  I only have the haziest idea of where I am going in the first place so welcome to the journey the way take it to find the pony under all the stinky stuff.

Going back through his archives it appears that the author, Steve Randy Waldman is a conceptually wandering kindred spirit.  His wandering blog might not display the title of the entry I am referring to at the link if the most recent post is always the first to appear leaving all the historical ones to be found in the archive.

All who wander are not lost.  The pony is down there somewhere.

Economics is a social science.  Econometrics attempts to drive a round peg into a square hole, therefore suspect it "science" halo.  It ain't.  Pseudo science?  It is in the eye of the beholder, I suppose.  Steve does a good job of presenting the pitfalls into which it falls on the way to being honest.  Then, in the end he gets to the pony with a shift to cryptocurrency that was stated in the title but I had to wade through the preamble to get to.  Just like I write.

Just like I write but the pony at the end is this:  Every conceptual structure needs a foundation building block that is the given basis with properties that control and determine the nature and derived functions of the system.  A truth for both conceptual systems that describe natural law based systems.  A truth for conceptual systems that are not based on natural law but the truth of social science conceptual systems proclaimed as truth to be self evident.  The truth base of a social science based system?......why, it can be anything we want it to be.

The moon can be made of green cheese.  Pigs can fly.

However, truths of social science are subject to the laws of natural science.  One way to keep social science honest is to structure a conceptual social science system on an immutable truth that is the SuperClass Object Parent from which all of its children in the class inherit their attributes and methods.  Their universal inalienable rights so to speak.  Rights with associated methods to implement based on the case situation of any child of the parent object.

Ya just got to have a Superclass Parent Object in a system with a schema structure of children of children of children....etc.

The rock upon which the church is built.  Peter was not the rock but the mortal child of the Rock upon which a social schema was built?

Get that?

So, likewise, Economics needs, must have, a rock upon which to build a schema.

It appears to me that the the rock of economics is cryptocurrency money.

Is the rock of the natural world fungible energy?

The grand trilogy of the universe: Matter and Energy related by the  Speed of Light.  The speed of light being Units of Time.

Apply this natural law controlling trilogy to create an Economics System Schema:

Money and Energy (the capacity to do work) related by Time.  Money and Energy as a function of time.  This equation demands that Money (matter) have a constant SuperClass characteristic attribute nature from the macro parent to the micro level child of Money.

Money is a human conceptual creation.  Humans, like nature can create an implementation of real things that do not survive in the scheme of their own conceptual things.  In both systems it is evolution, sometimes evolution called revolution depending on it being a function of time like continuum from rust to atomic explosion.  Most often adaptation stands between the existing scheme of thing and the end of a physical or human conceptual world.

We have built as an aggregate of the human mind over time a conceptual Economic Schema on a fallacious foundation of what money does rather than what money is.  The proof of that is that in the present economic system money is a child of what it does called finance.  Finance is function of debt creation.  Debt creation is the SuperClass Parent Object of a ChildClass called money.

If there was no debt there would be no money.  That statement clearly describes what entity is the controlling Parent in the Economic Schema and which entity is the subservient Child.  The purpose function of the child is to repay debt that created it.  Since new debt money children are constantly born into the system over time as debt money children age and die through debt repayment the system perpetuates itself.

What is really being reborn and dying over time is not essentially debt money but essentially a contract between a creditor and a debtor represented by or expressed in the constant universal value assigned on a unit basis to money.

The current monetary system is a diversionary golden cow that the mass of humanity has created by default through its worship of an object that was really created by the banking system and serves it well as it serves us.  Bankers like missionaries that went to foreign lands to do good and did extremely well.  It is the colonizing model and now it is not colonies in foreign lands but the entire world that has become the colony of a small class of rulers.

Cryptocurrency is coming down from the mountain with a new set of laws governing economics carved in stone.  The rock upon which to build a new system by evolution or revolution.

Time is not variable but change over time is.  The social world and its economic schema is rapidly changing.  Dysfunctional legacy money systems built on a failed cornerstone of debt money creation rather than asset value of positive money are going to fail.  The orderliness or chaos of that failure is up to us as designers and users of our conceptual social structures.

Breakup banking functions and allocate (retake) the creation of money power by the state and implementation of that power to convert to a positive money cryptocurrency system in which banks become clients of the operating system for the public and private good in a monetary system where the banking system is simply an application program of the monetary operating system.

Who creates money determines who is in charge of the conceptual social structure of governance.

It is the golden rule.

In what manner will the current holders of the gold fight against the fundamental schema change that must take place for the common good that will take their power to control the creation of debt based money?

Here is the answer, just to be clear so the punch line does not fly over the head:

Discredit the ability of government to do anything right.

Funny how it is the banks that have created the current economic situation because it is the institution of the conceptual banking system schema to create the debt based money on which it makes money and makes money through financial manipulation that is not just socially unproductive in allocating resources but extremely destructive. 

Not so funny.

Drown government in a bath tub and it will never have the power to take back its sovereign right to the creation of money as positive money.  The power of the government derives from the people.   When the power to create and control money that is the fundamental means to allocate private and public resources remains in the domain of the banking system the people are serfs of the elites, not masters of their own governance.