mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

Mathematically Perfected Economy™ FORUMS, DISCUSSION

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 Post subject: Benny warns of 'unusually uncertain' outlook for US
PostPosted: 22 Jul 2010, 10:12 pm 

Joined: 29 Jan 2008, 6:06 pm
Posts: 731
"The Fed chair warns of 'unusually uncertain' outlook for US"...skills atrophy...brought to You by Semantic Deception, Hegelian Dialectic, and Gradualism just to start with according to Charlotte Iserbyt. Find in Internet who Charlotte Iserbyt is? Do the homework.

"Ben Bernanke says struggling banking sector and Greece's near-collapse have delayed America's recovery".....but for how long? Is this near-collapse of banking & insurance sector in America really delayed America's economic recovery or there is something else holding this upside down interests on debt imaginary pyramid in place as we all experimenting it via inflation and deflation mechanizms, or in other words could global industrial business cycle at play was pre-planned or not, and could it be replayed it again, is there a way to foresee it?

This planned cyclicality of big business such as global fortunes 500 married to the resources (chemicals, energy, water) war industry, banking plus insurance sector, and the Fed is sitting there behind those imaginary steers that interests charged on paper called money are being forced upon all of the living and death.

Could it be interest?
Let's take a look at the definition of it.2bc

Phillip Inman wrote:
Federal Reserve chairman Ben Bernanke testifying before the Senate banking, housing and urban affairs committee. Photograph: Molly Riley/Reuters

Federal Reserve chairman Ben Bernanke warned last night that the US economy faced "unusually uncertain" prospects, and said the central bank was ready to take further steps to bolster growth if needed.

Low growth for several years was the likely outcome of current policies, but even this forecast could be blown off course, Bernanke told the Senate banking committee.

"Even as the Reserve continues prudent planning for the ultimate withdrawal of monetary policy accommodation, we also recognise that the economic outlook remains unusually uncertain.

"We will continue to carefully assess ongoing financial and economic developments, and we remain prepared to take further policy actions as needed."

He blamed the banking sector, which continued to labour with poorly performing loans, as one of the chief drags on the ability of companies to expand. The near collapse of the Greek economy before its bailout by the European Union was also blamed for delaying the US recovery.

He pointed to weak employment, with more than half of the unemployed having been out of work for more than six months. Average growth in private jobs of 100,000 a month this year was "insufficient to cut the jobless rate materially", and it would probably take a "significant amount of time" to restore the 8.5m jobs lost in 2008 and 2009, Bernanke said in prepared remarks.

He told Senator Christopher Dodd, chair of the committee: "Part of the reason I'm concerned by the situation is that this is the worst labour market since the Great Depression. People who are unemployed for a long period of time see their skills atrophy. They may become demoralised, and short term unemployment becomes long term unemployment. We need to be very concerned." The US housing market also remains weighed down by a lack of consumer confidence, he said.

Bernanke echoed deep concern at the Bank of England's monetary policy committee's last meeting that the danger of the economy falling back into recession may force further monetary loosening and an expansion of quantitative easing. Bank governor Mervyn King has said he is concerned at headwind confronting the UK economy. A lack of lending by banks was a key factor holding back growth in the economy, he said last month.

Bernanke's report showed the Federal Reserve had met 40 times to discuss ways to foster more lending in the economy. In the minutes after Bernanke's testimony was released, shares on the US exchanges fell and Treasuries climbed. The Standard & Poor's 500 Index slid 0.3% to 1,079.90 at 2:05pm in New York. Yields on two-year Treasuries fell to a record low 0.56%. The dollar strengthened against the euro.

http://www.guardian.co.uk/business/2010 ... -uncertain

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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.

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