For many years I feared an economic catastrophe and now it has arrived, and our solutions seem to be qualitative easing, printing money, sort of an odd solution to running out of money is to print more money,” Where does the money from? As money used to be backed by gold which gave it value what is it backed by now, the answer is actually nothing less than gold. Gold actually doesn’t plant seeds, plow the fields, or design a new production system, gold is just gold. The interactions of man and society are its gold, the invention the management, the things that make up a good running business. These things are measurable, the banker making a loan, a dean granting access to a college, we make an estimate on persons or companies or families’ ability to pay back a loan, I call it capital, that’s the best idea of what capitalism is. Our political process calls it democracy or at least capitalism and democracy, which was defined to point as a competitor to communism which we believe relied on state initiatives to build a factory, invent a new product, and do all sorts of things that democracy capitalism did on its own. But now in our self-development, our society led by self-made people seems to be at the end of its glory, meaning that a self-made man’s business now needs the state to step in and keep it going, the man losing his self-made status, to at least the rank of a comrade, which in the communist world was the highest rank, of sorts albeit there was no other rank. although maybe keeping his high salary which of course in time he may have to forego, all this I am mentioning as a prelude to what is now needed, some measurable way to calculate the granting of endless amounts of money which has to be used for our self sustaining self’s. Elimination of poverty is the only solution to our crisis. We have to invest in creative need, which is a little different than want.
In some ways what I am proposing is the need for the science of the invisible hand. The invisible hand is capitalism’s answer to voting and fairness, if there is a need, and a way to fulfill that need, a means to fulfill it, most likely a way will be found. So if you an investor or a manufacturer and want to make something fulfilling a need, then most likely finding the means and financing will be in the market place and it’s just a matter of competing for it, the competing part is a process whereas we are assured that the product or service is of the most efficient means possible.
So eliminating poverty in the world is the only way to get out of this crisis?
One might think “oh my God “, “how did we get here?” and, “what’s with the invisible hand”
Peace is the surge for Peace, or maybe you could call it the need for total efficiencies, the dollar is the strongest currency, which could lead to the curing of the crisis, its a world currency that needs to pay attention to its responsibilities, and that is to those who value it, and really its a matter of need. And the world people, are our responsibility, without them, the dollar will be devalued, meaning also that if we or one wants to be a class of people then all those concerns must be considered,. This means if someone is lacking such basic needs obviously if they are our people then it will be necessary to be of concern for them. This is the classy thing to do, at least for the upper class, if of course, the upper class thinks they are upper class, for not to be of a concern than they have no class. We know what common concern is, each society needs the means by which it can uphold its duty.
So if the Federal Reserve prints more money, whose money is it, and where did it come from? It comes from the ability to do business, which in effect is in the ownership of all those who can vote and their children, the citizens of America, but with indebtedness to the world. If we print money and don’t pay attention to the rest of the world, then the value will decline and it be will more and more difficult to sustain. So we have had to print money thoughtfully.
We should look at all the difficulties of society and solve the problems, if we create investments that improve conditions we will improve investments, food, homes infrastructure, raise the level everywhere, education, and resolution of conflicts, but really we have to do this with collective concern, and I offer the World Peace Table.
When William Penn was the founder of Pennsylvania who gave it entirely to the cause of an experiment, to create an enlightened society, of course, he was a founder to the extent that he could call himself that, the king of England gave him Pennsylvania, of course, it wasn’t entirely up to him to give, but the intention was there and William Penn put that to good heart. Although a believer in democracy, William Penn believe in the Indian chief whose every breath was for his people, and its like that, that we need macroeconomic leaders, of which we need a balance between the microeconomics enterprise which minds the many details which create good enterprise, and we need that on a huge scale at least 76,000 new businesses 192 areas around the world, and algorithms for management which help to prevent mistaken management concepts and false inventions. Of that, I propose the World Peace Table Society, a virtual and real place for leaders to converse, fine-tune, development of course we will need different groups for different activities but it’s for world celebrations, for those who want to celebrate worldly. Which for that could be an open invitation.
I am doing this as the Director of the World Peace Table Society. To create and position leaders with a deep concern for our world society, where every breath is for their people. Relate to the world with generosity, but defining ourselves, to the qualities of Zeus and Indra. Its what necessary even to accomplish think tank value of creating a solution to the serious danger of the present circumstances.
William J Smith III