I could listen to you all, all day long!…Yet another brilliant discussion. A panel of great economists at the height of your powers!… you all were brilliant in your insight and explanation of our economic position. And I think agreed one thing?…we are in very deep trouble! The law professor spoke of a need for a radical rethink and I agree… it was astonishing that all four of you could not agree on an answer to our economic problem, which is strange unless you agree with me, that there is no answer to our economic problems as the system stands. The monetary system we have is flawed. It always has been and we’ve had the same system for centuries, in fact since money was produce. It has never worked! So I don’t blame any of you for being unable to solve the conundrum, as it’s broken! kaput!! The system we have is what I call “faith hope and charity”. You work faithfully for payment and have hope when you spend it that, it will come back again but, if it doesn’t there is always charity!.. it’s been the same for all that time. It favours the few rich and powerful and has failed the majority mainly the poor. It’s still happening today!…. It’s just worse!! If you ask me, how the economy is? I reply, “thdd we’d sand but worse”. I liken your thoughtful discussion to that of a wall of cogs! All different sizes and when you turn the first cog, we expect all cogs to mesh together and so all follow in a rotation of each other so they all turn, every single one! That assumption all will work harmoniously, interconnecting with one another turning together at once just doesn’t happen!! You all see it doesent work or turn as it should, so you all together and individually look at certain cogs, look at those touching it and try snd fix or replace that, or those cogs in a way to make it finally work! The government take away cogs or add others in the time you try and decipher their action, so you never get to the correct setting! I hope that makes sense. I’m sure you can handle that analogy. So I don’t blame you. My view is simple. Do away with all cogs! And have one system or framework and stop turning the wheel, plug in an autonomous and perpetual nuclear motor that works! … in other words, stop looking back to bygone thinkers who also couldn’t agree in the same vein… it’s nice to test their theories but, honestly they are out of date!… we have (or should have) a modern democracy so let’s start there and build a framework for money that finally works without the need for faith, hope or charity!… in the way your panelist ended the session with a view for a new type of thinking, a new way. But I’m sure, it doesn’t have to be radical just one, that works for all in a democracy or at least most and more than a simple majority! So let’s start at the beginning shall we? In a modern democracy, there should be no room for error. The monetary framework has firstly to ensure sufficient money for all! That’s for a mathematician! But in general terms, it has to be based on population as a larger population needs more money than a smaller one, that should be obvious! But apart from that we should be in charge of our own sovereign currency. So as we see the global system is based on a similar failed economic model then let’s go back to pre globalisation and pre Thatcher! Reinstate exchange control! Don’t allow money to leave our economy! Why do we allow it? What’s wrong with us?? Why let foreign interests own our property or infrastructure or hold our money out of our reach so we have to borrow it back? Borrow our own money back!! Good God! That’s not ever going to help us!! What the hell is that! It’s ruining us. Then, exchange all money, for s new digital currency held in one UK Bank! Yes one!! We don’t need more than one bank. Why would we need more?? I hear you shout choice! Well I like the choice of different colours underwater, but seriously why do we need a choice of Bank? It’s like electric supply or water or gas? Why do we need choice!?? All it leads to is inequality of choice! It’s ruinous! The cost of anything is the cost! It’s not up for debate! It’s not about undercutting each other to work harder for less! That’s not fair! It’s not equitable and it’s undemocratic. It’s decisive and plain wrong. Monopoly’s must be singular. Not a group of monopolies! Who needs a situation where a bloke in Bolton pays less for his phone contract because I pay more! …. Can I just interject a couple of observations here before I forget! Your panellist mentioned law as interventions to complicate. It shouldn’t! But the reason we have differing opinions of a law is simple! I have never met a lawyer yet who knows true right from wrong! They all draw the line differently so it is an opinion before the argument. And the judge is also unable to pin the line down either! Why? Because they use the wording to adjudicate! Instead of using the overriding main arbiter!…. The spirit of the law! It’s the spirit that must be the final judgement based on must people’s opinion of fairness! And that my friends is a decision if the majority of fair minded people! They will always teach the right answer if they understand the spirit of the law! But lawyers and judges should not be left to decide heir opinion. Again the consensus must be fairer than the judge. That’s why we have jury’s! But why not have more jurors? At home listening to the case!? But we have an old system! Surely that needs updating? Take the arguing out of it and see fair people make their call. But I digress!… only to mention that appeal courts overturned by supreme courts begs the question, let’s just have a Supreme Court!…. Anyway, back to our economy, once we have a digital currency we can exchange old notes for new digital electronic accounts and spending cards. From one bank! Spend your earnings or at least most of that revenue or have it taken by the exchequer! Like a direct debit to the exchequer! Spend it or lose it. Put a ‘spend by date’ on that digital money! Say in a month. After all if we need to pay bills, debts and tax in a month, then surely money has to rotate and return to the pot in a time date also? That tsunami of SPENDING will be so great that the coffers of the exchequer will overflow with a huge surplus! So much so we can do away with all tax day for VAT. Income tax is not a tax paid by an employee, no! It’s a Bernie Madoff style of statement as it’s clearly not paid by the worker! It’s paid by the profits or the revenue of the employers business, paid for by their consumer if employer! It’s triggered by SPENDING not working! Working in itself doesn’t guarantee the tax will be paid as it’s the transaction if SPENDING that’s the real trigger! It’s an illusion to think otherwise. A Bernie Madoff illusion! So if tax revenue is triggered by SPENDING then surely the key to a surplus is making SPENDING a priority. My method of framework ensures total or optimum SPENDING and therefore total or optimum tax revenue. The Holy Grail! Purely simple autonomous and perpetual SPENDING to give total tax take to the government. Simple and clear. It will reduce taxation down to just one easy to evaluate tax. Vat. And no need to hide anything. We can still reward hard work, brilliance and great ideas and leadership. Guaranteed! If people earn money and spend it, then it’s their choice as to what they buy! And here is the free market, it’s up to the earner! Likewise it’s up to the government to ensure the disabled and the unemployed and the sick and the pensioners are catered for. A better pension a brilliant pension! Not one that’s half of a minimum wage! We can have proper wages two three times they are now, with a clear gap to show work pays! And ironically the rich will also be richer with all that extra SPENDING! You can’t buck the market so don’t try! The cost will always be the cost! But we need happiness not unhappiness. You can’t cut your way to paying back our debt if £3 trillion pounds! And you can’t keep borrowing our own money back either! You see, at present our economy is devoid of money. It’s abroad or elsewhere that’s why we are struggling! It’s not in our grasp ! It’s anywhere but! So it’s easy to see a need for a change. And modern computers can give us the best outcome. Rich men like Hates or amuse should not be richer than a country! It’s obscene and undemocratic. I have an equation to show it. MS=R M money multiplied by S Spending equals R revenue. Rotating revenue that gives us tax revenue! Banks should be just one! One state pension that’s do good we don’t need any other. And let’s have no interest borrowing for those needs! A home or a car! No need to default as money will be returned so no need to worry if it will ever come back! It will be available to all who work. Those who can’t if are unemployable stay away! You’ll get a chance to be in it if not. Stay away and live. A social contract ensures you will be cared for. The free market will make us all richer. Remember, even the benefit recipients SPEND so they as ready contribute to revenue, profits and taxes and will still pay their share. It’s h to be rich who pay no tax on incident unused money. Who are making us devoid of both that tax take and the revenue of their total money held! They had to stop to have a working economy! Debate this and we will have a framework that works!
I could listen to you all, all day long!…Yet another brilliant discussion. A panel of great economists at the height of your powers!… you all were brilliant in your insight and explanation of our economic position. And I think agreed one thing?…we are in very deep trouble! The law professor spoke of a need for a radical rethink and I agree… it was astonishing that all four of you could not agree on an answer to our economic problem, which is strange unless you agree with me, that there is no answer to our economic problems as the system stands. The monetary system we have is flawed. It always has been and we’ve had the same system for centuries, in fact since money was produce. It has never worked! So I don’t blame any of you for being unable to solve the conundrum, as it’s broken! kaput!! The system we have is what I call “faith hope and charity”. You work faithfully for payment and have hope when you spend it that, it will come back again but, if it doesn’t there is always charity!.. it’s been the same for all that time. It favours the few rich and powerful and has failed the majority mainly the poor. It’s still happening today!…. It’s just worse!! If you ask me, how the economy is? I reply, “thdd we’d sand but worse”. I liken your thoughtful discussion to that of a wall of cogs! All different sizes and when you turn the first cog, we expect all cogs to mesh together and so all follow in a rotation of each other so they all turn, every single one! That assumption all will work harmoniously, interconnecting with one another turning together at once just doesn’t happen!! You all see it doesent work or turn as it should, so you all together and individually look at certain cogs, look at those touching it and try snd fix or replace that, or those cogs in a way to make it finally work! The government take away cogs or add others in the time you try and decipher their action, so you never get to the correct setting! I hope that makes sense. I’m sure you can handle that analogy. So I don’t blame you. My view is simple. Do away with all cogs! And have one system or framework and stop turning the wheel, plug in an autonomous and perpetual nuclear motor that works! … in other words, stop looking back to bygone thinkers who also couldn’t agree in the same vein… it’s nice to test their theories but, honestly they are out of date!… we have (or should have) a modern democracy so let’s start there and build a framework for money that finally works without the need for faith, hope or charity!… in the way your panelist ended the session with a view for a new type of thinking, a new way. But I’m sure, it doesn’t have to be radical just one, that works for all in a democracy or at least most and more than a simple majority! So let’s start at the beginning shall we? In a modern democracy, there should be no room for error. The monetary framework has firstly to ensure sufficient money for all! That’s for a mathematician! But in general terms, it has to be based on population as a larger population needs more money than a smaller one, that should be obvious! But apart from that we should be in charge of our own sovereign currency. So as we see the global system is based on a similar failed economic model then let’s go back to pre globalisation and pre Thatcher! Reinstate exchange control! Don’t allow money to leave our economy! Why do we allow it? What’s wrong with us?? Why let foreign interests own our property or infrastructure or hold our money out of our reach so we have to borrow it back? Borrow our own money back!! Good God! That’s not ever going to help us!! What the hell is that! It’s ruining us. Then, exchange all money, for s new digital currency held in one UK Bank! Yes one!! We don’t need more than one bank. Why would we need more?? I hear you shout choice! Well I like the choice of different colours underwater, but seriously why do we need a choice of Bank? It’s like electric supply or water or gas? Why do we need choice!?? All it leads to is inequality of choice! It’s ruinous! The cost of anything is the cost! It’s not up for debate! It’s not about undercutting each other to work harder for less! That’s not fair! It’s not equitable and it’s undemocratic. It’s decisive and plain wrong. Monopoly’s must be singular. Not a group of monopolies! Who needs a situation where a bloke in Bolton pays less for his phone contract because I pay more! …. Can I just interject a couple of observations here before I forget! Your panellist mentioned law as interventions to complicate. It shouldn’t! But the reason we have differing opinions of a law is simple! I have never met a lawyer yet who knows true right from wrong! They all draw the line differently so it is an opinion before the argument. And the judge is also unable to pin the line down either! Why? Because they use the wording to adjudicate! Instead of using the overriding main arbiter!…. The spirit of the law! It’s the spirit that must be the final judgement based on must people’s opinion of fairness! And that my friends is a decision if the majority of fair minded people! They will always teach the right answer if they understand the spirit of the law! But lawyers and judges should not be left to decide heir opinion. Again the consensus must be fairer than the judge. That’s why we have jury’s! But why not have more jurors? At home listening to the case!? But we have an old system! Surely that needs updating? Take the arguing out of it and see fair people make their call. But I digress!… only to mention that appeal courts overturned by supreme courts begs the question, let’s just have a Supreme Court!…. Anyway, back to our economy, once we have a digital currency we can exchange old notes for new digital electronic accounts and spending cards. From one bank! Spend your earnings or at least most of that revenue or have it taken by the exchequer! Like a direct debit to the exchequer! Spend it or lose it. Put a ‘spend by date’ on that digital money! Say in a month. After all if we need to pay bills, debts and tax in a month, then surely money has to rotate and return to the pot in a time date also? That tsunami of SPENDING will be so great that the coffers of the exchequer will overflow with a huge surplus! So much so we can do away with all tax day for VAT. Income tax is not a tax paid by an employee, no! It’s a Bernie Madoff style of statement as it’s clearly not paid by the worker! It’s paid by the profits or the revenue of the employers business, paid for by their consumer if employer! It’s triggered by SPENDING not working! Working in itself doesn’t guarantee the tax will be paid as it’s the transaction if SPENDING that’s the real trigger! It’s an illusion to think otherwise. A Bernie Madoff illusion! So if tax revenue is triggered by SPENDING then surely the key to a surplus is making SPENDING a priority. My method of framework ensures total or optimum SPENDING and therefore total or optimum tax revenue. The Holy Grail! Purely simple autonomous and perpetual SPENDING to give total tax take to the government. Simple and clear. It will reduce taxation down to just one easy to evaluate tax. Vat. And no need to hide anything. We can still reward hard work, brilliance and great ideas and leadership. Guaranteed! If people earn money and spend it, then it’s their choice as to what they buy! And here is the free market, it’s up to the earner! Likewise it’s up to the government to ensure the disabled and the unemployed and the sick and the pensioners are catered for. A better pension a brilliant pension! Not one that’s half of a minimum wage! We can have proper wages two three times they are now, with a clear gap to show work pays! And ironically the rich will also be richer with all that extra SPENDING! You can’t buck the market so don’t try! The cost will always be the cost! But we need happiness not unhappiness. You can’t cut your way to paying back our debt if £3 trillion pounds! And you can’t keep borrowing our own money back either! You see, at present our economy is devoid of money. It’s abroad or elsewhere that’s why we are struggling! It’s not in our grasp ! It’s anywhere but! So it’s easy to see a need for a change. And modern computers can give us the best outcome. Rich men like Hates or amuse should not be richer than a country! It’s obscene and undemocratic. I have an equation to show it. MS=R M money multiplied by S Spending equals R revenue. Rotating revenue that gives us tax revenue! Banks should be just one! One state pension that’s do good we don’t need any other. And let’s have no interest borrowing for those needs! A home or a car! No need to default as money will be returned so no need to worry if it will ever come back! It will be available to all who work. Those who can’t if are unemployable stay away! You’ll get a chance to be in it if not. Stay away and live. A social contract ensures you will be cared for. The free market will make us all richer. Remember, even the benefit recipients SPEND so they as ready contribute to revenue, profits and taxes and will still pay their share. It’s h to be rich who pay no tax on incident unused money. Who are making us devoid of both that tax take and the revenue of their total money held! They had to stop to have a working economy! Debate this and we will have a framework that works!
Who is the best interview you ever did