AUDIO: Iain Davis on Perspective with Jesse Zurawell – Sept 2nd 2023
Iain Davis returns to Perspective to discuss his on-going series of articles on “Synthetic Hegemonic Currency” (available on Geopolitics & Empire).
TNT Radio is a 24/7 internet radio station, available here. You can also listen to back-episodes of Perspective here and follow host Jesse Zurawell on Telegram here.
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I haven’t listened to the interview but have read the linked Davis article. The elephant in the room seems to be gold- I can’t find a mention of it. Perhaps I’ve missed it? The Russians are talking about commodities and, specifically, gold. It’s not just talk- they are acquiring it as are many nations in unprecedented quantities. You can talk about CBDCs until you’re blue in the face- it’s still just mechanism. The question is whether it’s a mechanism to transfer real value i.e. gold or just to continue the fiat game. No currency can substitute for the dollar in the role it has had post-1971. Therefore, the end of the dollar means the return to a gold standard in some form- perhaps gold-backed CBDC for international trade
SHCs is such a clunky name one might wonder why they’re using it. The answer, as usual, may lie in the numbers.
S is the 19th letter and 1+9=10 and zeroes don’t count; H is the 8th; C is the 3rd.
SHC is therefore 183. That reduces to either 111 or 93. I suspect the former has some significance to them but the latter definitely has: 93 was Crowley’s favourite number that he even used as a replacement for his name when signing letters. Has it cropped up before? Flight 93….
Just a coincidence? Another one mentioned is VCs which just happenes to be 223 – or the Skull’n’Bones number read right-to-left in Satanic style.
Here’s how the mainstream dealt with Nigerian protests against CBDCS (when not ignoring them):
https://apnews.com/article/nigeria-government-africa-business-dd07ec9ac8d8f5b786347b64f5fa7a1f
Buried in the article is the admission that this was to do with the transition into CBDCS but the superficial reader would believe this was merely because of a change in banknotes.
A question arises from Worldwide “guidance” of various countries’ leaders towards the agenda:
How do they get paid ?
Surely, they don’t get brown envelopes or briefcases full of cash or drawstring pouches of diamonds.
Bank transfers could easily be traced by the “CH” prefix on the IBAN.
No, it must be all “promises” to be rewarded with a plum role on Tracy Island just before early retirement.
It reminds me of tthe “Amway” model where some way up squillionnaire is lauded as a rags to riches messiah for flogging vastly over priced soap.
Change the squillionnaire to Tony Blair, for example and you can see the attraction for the likes of Khan in London etc to push the agenda.
Its going to be very amusing when they realise they’ve got a garage full of soap that nobody will buy.
All economy is fundamentally ecology. It is the same etymological root (true sense of the word) with a different suffix – both of which (nomos or logos) mean ‘law’ – wherein any similitude ends. The way humans manage and distribute resources bears no resemblance to ecology whatsoever. Thereafter: there is even a whole branch of inquiry to explain this – “ecological economics” or “surplus-energy economics” – but you won’t find any of that here. Economics takes place in a “mathematical vacuum” or perpetuum mobile in the head, not in the DGSE or CBDC or SHC – but in the psyche. Welcome to the wonderful world of purchase power that has nothing to do with ecological reality, or even with the earth for that matter; because we made it all up. The only reality left in the imaginary is in the trans-social agreement that this ex nihilo nihilism has any meaning at all. Which is also in the head. The rest is psychiatric confabulation and not political realism as a civilisation-bound ontogenesis. The unparalleled simultaneous global collaboration is in the head as a many-to-one and one-to-many form of confusion of economic value-creation supplanting ecologic value-creation which takes the whole earth form of: value-creation = economic growth = ecologic decline in inverse-proportion, power-law, or maximum power principle; whichever can be stated that: During self-organisation (psychic self-ordering), system designs develop and prevail that maximise power intake, energy-transformation, and those uses that reinforce production and efficiency.(Lotka, Odum.) Not of the economy, but of the psyche driving the econometric confabulation of ecology; whichever is ultimately inflationary of the collective globalised psyche as World Economic or World Ecology WE. Whichever is Polanyi’s “double-movement” of globalisation econometrics as purely psychiatric purchase-power fantasy as alienated animism of, well, everybody; taken to its ultimated civilisation-bound illogical, irrational conclusion. If… Read more »
Try usury, and all your fine words are spilled milk on the floor.
Davis’s article about the Synthetic Hegemonic Currency. Warning: If you believe that BRICS is the coming of the Messiah, or even that it offers some sort of alternative to the global empire, you won’t like the Zurawell interview or this article.
A Synthetic Hegemonic Currency For a Multipolar Global Economy: Part 2, Iain Davis, 8/27/23.
https://geopoliticsandempire.com/2023/08/22/shc-for-multipolar-global-economy-part-2/
From the linked article, ‘We discussed how, following the financial crisis in 2008, the global debt-based monetary system was precipitously close to collapse. In response, the central banks “bailed out” crippled financial institutions by buying their toxic assets, thereby expanding central bank balance sheets.’
Mr Davis betrays his lack lack of understanding of the monetary system or finances in general with this sentence. You cannot expand your balance sheet by purchasing something. You are merely substituting one asset, cash, for another asset, in this case, ‘toxic assets’.
In fact this would have the opposite effect on the balance sheet as when said ‘toxic assets’ are revalued or liquidated to their true value, the balance sheet would be impaired. Nonsense. Couldn’t read any more.
My understanding is that the toxic assets were bundled up and sold on with ‘real’ assets: sound familiar? It is the very practice that was partially responsible for the crash. In some cases (re: Deutsche Bank) the toxic assets were bundled up as a ‘bad bank’ that will be allowed to fail. Nobody will go to jail. However, as some 95% of the money-form is already digital; the asset and liability columns are different combinations of 1s and 0s. Double ledger smoke and mirrors. Even the circulation of ‘money’ as transnational flows of currency is electric or fibre optic ‘exchange’ and ‘arbitrage’ at the ‘speed of light’ In other words, unless you include the electricity and electronic technology; the whole thing is almost completely illusionary; usurious illusion. The ‘reality’ of this digital simulation is our agreement that it is real, or really meaningful (something the German Gentleman heavily criticised)l ‘capital’ is in our heads. With the tertiary market (‘exchange’ on 1s and 0s and ‘realisation’ of profit; 1s and 0s added to 1s and 0s) the whole thing is a toxic charade. That we allow this to have any sort of continued claim on future productivity is criminal, and possibly fatal flaw of economics. The 3-5% of token wealth as printed and minted currency is dependent on, and symbolic of, the imaginary ledger (about to be extended even further digitally by CBDC). Thereafter economics has no value whatsoever but social agreement which has no value whatsoever without the symbolic token-token identity of the money-form which is the psyche. It’s all a vapid and venal vanishing act bound to fail. The only hope we have is that the self-invested psychic delusion does not cause the ecology to fail first. If you understand ‘economics’ you will know that the money-form already owns… Read more »
Esoteric. We’re discussing basic accounting concepts not philosophy.
Life is esoteric? You are discussing discussing thinking it related to something — that is philosophic confabulation. I’m talking about oecosophy: which is related to ecology, which is another name for life. That’s basic and meaningful biophysics; not metaphysics which pseudo-oeconometrics is the wrongful air [sic] to.
May I recommend “Energy and the Wealth of Nations” as a primer in reality.
I apologise for dragging in my tenderfoot knowledge of biochemistry, but I believe there is a real “global currency”,called ATP which is a universal medium of exchange within the bodily economy of all living creatures. One molecule of ATP stores one packet of real energy that can drive a real reaction between real molecules: for instance, an ATP “cash” delivery supplies the energy that causes a muscle fibre to contract and pull up a weight..
Where does ATP come from? Basically, from something very real indeed: from nuclear energy. Life’s major source of ATP is sunlight, and sunlight is sourced from the sun’s nuclear energy. Packets of sunlight are turned into packets of ATP every day by every living thing on the planet — not from some “legalized’ central bank with its fictitious “promise to repay” by some scheming scamming usurer.
I totally agree: every cell has a thermodynamic equilibrium and all complexity is basically ever more complex ways of achieving cellular homoeostasis by by collective intelligence and cooperation; which, when viewed superficially can be seen as competition. The self-regulating lifeform is the self-regulating ecology. Cellular homoeostasis is planetary homoeostasis as sumbiogenesis maintained by exergonic and endergonic energy-conservation. ATP is the currency of life.
Human homoeostasis is not self-balancing, self-regulating or anything like cellular metabolism; homoeostasis (structure-preserving self-similarity) becomes homoeorhesis — ever increasing energy flows that are nothing like steady-state or energy-balancing but exponential asymmetric energy flows way beyond mere cellular balance which is what we call the economy. The growth-obsessed economy is basically a bastardisation of any balance, harmony, or life. So much so that it is actually destroying the basic life-support function of the living earth.
The difference between homoeostasis as syntropic energy-conservation and economic entropic energy-dissipation is the excessive demanding ego; which is not a person, but a personification of the economy. If we saw it that way, we’d probably do something about it: but there is no limit to the stories we can tell ourselves; Infinite psychic semeiosis = infinite econometric signs of of the psyche which equals DSGE, CBDC, SHC, FIRE econometrics replacing self-regulation of ATP.
Thereafter:
self-regulating market economics disequilibrating self-regulating sumbiogenesis ad infinitum = SHC; or as I prefer — SH1T.
in a central bank balance sheet, currency is a liability, not an asset. Ooops. Talk about «basic accounting» error.
JanJ made my day. Still laffin’, 12 hours after reading this, honestly 😂
Out.Right.Hilarious. in so few words. My respect. ♥
So, to back you up, I thought I’d better link something that you likely &
Arthur Andersen most certainly recall, forever… in their memoirs.
https://search.brave.com/search?q=enron+valhalla+scandal+pdf&source=web
You can’t keep a good woman or man down…
One over Tom’s teeny tiny thought processes,
Thanks JanJ, I was there. My own eyes, like
Watching WTC7’s controlled demolition,
To destroy evidence of far worse than,
Enron Valhalla, 😉
Balky
You appear to know about coin. It’s Female isn’t it. Course it is so digital Coin is also Female isn’t it. So both the USA and UK have Female currencies.
You’re the one who betrays a lack of understand of how a central bank balance sheet works. Cash is not an asset for a central bank, it’s a liability. It would have taken you two seconds to verify this. The central bank is not a normal corporation.
https://legacy.merkfunds.com/currency-asset-class/glossary/central-bank-balance-sheet.html#:~:text=A%20central%20bank's%20balance%20sheet%20summarizes%20its%20financial%20position%2C%20and,liability%20for%20a%20central%20bank.
You don’t understand the difference between central bank reserves and currency in circulation. CIC is only a ‘liability’ to central banks based on the the old gold standard where the central bank was under an obligation to exchange your pound or dollar for an equal amount in gold. Post Breton, banks will only exchange your currency for an equal amount of currency in that denominated currency.
Central banks that are the monopoly issuers of free floating currency create money with keystrokes on treasury computers and can purchase any idle resource that is available for sale in that currency without constraint. This is the fiat currency system. Central banks do not spend in cash, they spend digitally crediting commercial banks when buying goods from public bodies or private sector enterprises that hold accounts with those commercial banks.
In essence, it is nonsense to categorise central banks, as described, with having ‘a balance sheet’ because they do not need to balance anything. They do not have any financial constraints. ‘Money’ is created by these entities from thin air. Purchasing toxic assets from commercial banks and other financial institutions is corporate welfare. So to describe central banks as ‘expanding its balance sheet’ is utter nonsense.
If you got two elements — labour (L) and capital (K) — you can indeed create infinite value… in a mathematical vacuum, perpetuum mobile, in the DSGE (“Dynamic Stochastic General Equilibrium” of the CB) and the two will always equilibriate in the utterly phantasmagoric world of, well — everybody really. The fact of unlimited finance is unconstrained in economic phantasy, but not in reality where infinite expansion is not thermodynamically compliant. Because it is not, it is completely impossible, infinitely implausible but still continues to expand in daily use nonetheless. Value theory is pseudologic ‘cos the workers have got to eat; first pointed out by Marx. Thereafter, the conversion of labour to capital must be thermodynamically constrained. As soon as you do, you get a completely different kind of economics based in energy conversion, which must be constrained and therefore finite. Lotke, Rogen, Odum (x2), Hall, Klitgaard, Ayers, Spash and even Steve Keen have been trying to constrain NeoClassical Phantasia for decades to no avail, but imagine they prevail. Instead of Carney extending the phantasia, imagine he siad we were not going to implement the SH1T, what would happen? The social economy would collapse before the end of the announcement. Every bank in the world would be ‘northern rock’ and we would all be banging on the doors to exchange our <1s and 0s> into meaningful stock, whereupon the biosphere would collapse within the hour. We need this collective fantasy to continue, but not necessarily to its logical conclusion which entails debt jubilee, completely restructuring the financial sector and massive economic degrowth down a manageable ecologic economy wants precisely nobody. So all this quadratic mathematisation of thermodynamically non-compliant confabulation is only symptomatic of a much deeper-seated psychic malaise nobody wants to confront. The SHC will be implemented because the alternative… Read more »
“the earth is the balance sheet and we are way overdrawn”
I agree with the first part, but would hate to believe the second. We humans can learn again to live within our means. And our means may be greater than we think, because the world is greater than we can possibly imagine.
“Raum fur alle hast der Erde” — Wolfgang von Goethe, 18th century German evolutionary biologist.
Dearest Tom,
You have made an utter fool of yourself in my accountancy memories & book of events, working for the C.E.O. of B.P. long before Blackrock’s Aladdin was made legal in 1997, along with Geo-engineering of the Weather, as “FORCE MULTIPLIER”, the words of the D.o.D. not mine !
I have sent a PDF to JanJ NOT you, because you appear to be NOT INTELLIGENT enough to understand how Corporate accounting worked
And still works on foolish minds, such as yours… you tell me ?
What the fuk’ happened to Arthur Andersen and since then,
Who OWNS them, TODAY ? coz’ howsoever you reply I’m
Gonna’ own your simplistic mind. Bring I.T. on…
Balky is waiting !
“Post Breton, banks will only exchange your currency for an equal amount of currency in that denominated currency.”
In other words, central bank currency is a written “promise to repay” which the central bank will exchange not for an equivalent value of goods but for another “promise to repay”. In other words, central bank currency is a liability unless the owners of the bank can find a mug (aka, customer) willing to offer tangible real property as colateral for a loan in “promise to repay”.currency. And the mug is left with nothing but promises unless he can find another mug to exchange some real goods for that currency promise.
It’s a game of musical chairs, with the loser being the one left holding the currency (aka, “promise”) when the music stops.
Reminds me of anecdote from the Social Democratic Weimar Republic which was ruined by a financieer-led run on its currency (like the Wilson government was ruined by a Soros-led run on the GB pound). One old woman was reputed to collect 3 sets of inflated currency because she was sure the central bankers were going to honour their “promise to repay”.
I lack understanding?
https://blocnotesdeleco.banque-france.fr/en/blog-entry/understanding-expansion-central-banks-balance-sheets
Iaia, welcome to the know-nothing center which this comments section has become. Lots of people attack the likes of you and Riley Waggaman and Jesse Zurawell because they hate the way you all shred all their profound hopes in BRICS being humanity’s savior.
Tom: do you recall the Enron Valhalla scandal ?
Was that what you call ” Nonsense ” ?
Just curious how old you are ?