Looking Back So That We Can Look Forwards. "Where We Got It Wrong."

in #economics3 years ago (edited)

For Every Action

There Must Be An Equal & Opposite Reaction!

This may very well be the best and only theory known in the sciences that explains many of the things going on out there. However when it was applied to economics as we know it today with the "Supply vs Demand" of open and free trade it seems that this entire paradigm of Newton (the guy with the apple falling on his head) was inappropriately applied.

Guess it must have been the in thing at the time when the economists were trying to push through their great "new idea" of "Supply vs Demand".

Could be mistaken, but sure seems to be the case as per the theory of "Supply vs Demand" the idea is as simple as the above theory we still apply in physics (until a new and better theory comes about, if the elite allows for that).

The demand pushes the supply, the supply then equalizes the demand and the above law of physics is in harmony.

However, how does this then get us to where we are today?

Well, is the demand infinite?

Are there limits to what demands exist in reality?

How does the supply then get affected when there is a new factor in the demand side of the above applied physics paradigm of economics?

Well, let's just put aside the above "Supply vs Demand" in which Newtons theory dominates and apply Newtons theory to where it is applicable.

In the processes through the supply chains that utilize energy in order to supply what there is a demand for.

Yes, this is where it is more than applicable.

For every step of the production processes, no matter if they be production of goods or services, energy is utilized.

So we can then see how Newtons theory actually plays a major role in economics.

Realistically speaking:

Who controls the energy sector, controls the economics of this world.

The efficiency of this utilization and conversion of energy to produce all those goods and services is what makes all the difference in all of what we call "economics".

You know that we in the so called "west" are literally at under 20% in our efficiency of energy conversion/utilization.

Henry Ford applied this logic and it made a revolution happen in the economics of this world.

We can apply the above to everything that has happened in the past in the economics of this world, to the "revolutions" such as "The industrial revolution".

It will be applied to the current changes we are seeing today in this world.

Now with all the "noise" out there, in particular in the "monetary" sectors, we are seeing the "supply vs demand" application of Newtons theory still in action.

So much so, that it has taken a leap in that "WRONG" direction.

It is once again, centralized, with a "mask" of "further decentralization". Yet it is literally centralizing the economics of this world to a point of many painful times to come. Just like we have seen time and time again to date. Nothing new.

"Let's do the same thing over and over again and hope for a different outcome!"

So I present you with a piece of "News" that in all this "noise" out there has come to be under the radar.

Again, the question of "WHY?" needs to be answered.

Rather than give my 'opinions' I would take the approach that I have practiced to date:

Give you the information, facts that I have "fact checked" and let you do the thinking. Rather than me entrap myself into "thinking that I am right", I would as always, prefer to hear and see proven facts put forwards without all the opinions and hopefully add to my perspective and general understanding of the events that are happening as I type this. In this case, that have happened and yet not a single "Mainstream Media" outlet has covered it in any way, manner of form.

Now it is up to you to "Think about it".

Yours truly

Jack.


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Source:
https://hive.blog/economics/@jackmiller/looking-back-so-that-we-can-look-forwards-powerless-1613628677


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The reason you and I ever "met" @jackmiller, was based upon my decision that I had no choice but to begin learning to speculate in ways I would have never thought necessary, let alone prudent, as a younger man.

This video reinforces many of the reasons which drove my decision. I make no claim to be any sort of monetary policy wizard, but I am not stupid either. A bit of a student of history, I am well aware of instances where currencies were inflated to the point of worthlessness (see modern Venezuela and the number of that country's citizens who are "in here" trying to survive ...).

But today?

It is "unprecedented" (2020 2021 Word of the Year?) the deliberate coordination of many countries to devalue their currencies more or less in "unity" with each other. To what end?

Only God knows, but I am certain it will be an unholy mess, once it becomes unmistakably clear. I can easily say more and turn to the spiritual side of what is happening in the world around us, but ...

Gotta get on with my day. Thank you, sir, for posting this! I will reblog it to do my small part to give you a wider viewing audience.