As non-human factors of production, that is, real capital in the form of knowledge, technique and physical “tools” increase relative to labour the capital component of cost input increases relative to the cost of labour. Wages, salaries and dividends are not only costs but are also real incomes. However, increasingly capital costs must enter into final prices and these, under current conventions of debt finance and industrial cost-accountancy are entered into final prices as allocated charges which add to price but are not accounted as commensurate income in the same cost cycle. The result is an exponentially expanding chasm between final consumer prices and effective available incomes. This “gap” in the existing price-system can be bridged by (1) increasing debt incurred via bank created credit constituting a growing mortgage upon future incomes, (2) capturing “external” credits by securing an excess of exports over imports, i.e., by “giving away” more real wealth to other nations than is received in return, (3) by engaging in increasingly useless, irrelevant, damaging and destructive activity such as perpetual war in order to distribute incomes permitting the purchase of already produced goods, and (4) the writing off of costs through the agency of bankruptcy. Obviously, non of these expedients solves the problem posed by the intrinsically non-self-liquidating nature of the existing price-system. The essential problem is one of financial cost-liquidation which is not solved by transferring costs as as claim against the future by means of debt or by engaging in a orgy of irrelevant and destructive activity.

Under the foregoing circumstances all nations are necessarily caught up in an increasing frenzy of intensifying competition for financial survival in the export markets under the delusional “export or die” mantra. Thus the growing inevitable emphasis on “Globalism” with all of the loss of personal freedom and national sovereignty which this must inevitably entail.

Sane financial policy would recognize that a shrinking amount of effective consumer purchasing-power relative to financial costs inflated with additional and growing capital charges is increasingly non-viable. The incomes previously distributed in creating such capital are no longer available, having been spent on past production. We cannot continue to facilitate current consumption by means of increasing financial debt and a fatal expansion of irrelevant and destructive activity.

We must supplement earned incomes by distributing to all citizens the “wages of the machine.” The way to do this is to create the required new credits debt-free and confer upon each citizen a National (Consumer) Dividend while additionally reimbursing all retailers at point of sale for reducing their prices in accord with the growing national production/consumption ratio, i.e., to effect Compensated (Retail) Prices. The banks are currently creating trillions of dollars as debt owing to themselves against the community’s real wealth (which they did not create!) as a pseudo-compensation of a deficiency which their operations have created. There is no earthly reason why we cannot create and distribute effective credits to give consumers unencumbered access to the the stupendous output capacity of modern industry and the growing opportunity for leisure which it makes possible. When any produced item is completed and ready for consumer use the physical costs of that production already have been fully met and there should exist no residual financial costs in respect of such goods.

MY FELLOW AMERICANS: (PLEASE!) WAKE (THE HELL!) UP
http://sgtreport.com/2015/03/anon-says-americans-wake-the-hell-up/

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In the US the “beta-test” has been the city of Detroit — in particular the driving down of wages for auto workers using the connivance of the UAW union. Also through the plunder otherwise known as the “Detroit Bankruptcy” procedures which is robbing retirees of earned pensions, and turning off municipal water supplies to those unable to pay the inflated costs to name only two of the genocidal depredations being exercised on that target population. Black and white alike by the way.

As goes Detroit this model will be and is being rolled out to municipalities nationwide.

The international model has been Greece, now being presided over by a pseudo-left layer known as SYRIZA who are selling out their elections promises to resist “austerity economics” daily.

The working class is being driven into destitution worldwide. Obama is the current domestic talking-head agent for this in the US. And has been groomed for this for some time no doubt.

But the real issue is not the eligibility clause 2-1-5, US Constitution for Natural Born Citizen, but the fact that Obama would not or did not register for Selective Service, thereby signifying his loss of US citizenship.

When Stanley Ann Dunham’s new husband Indonesian Lolo Soetoro adopted Obama, he lived in Indonesia and was raised as a Muslim. Soetoro-Obama had to be listed as an Indonesian citizen to be registered in the elementary school system in that Islamic country.

Therefore, he is an still an illegal President, no matter what.