Rogoff, Orwell and Kafka


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    Salvador Dali Madrid. Drunk man 1922   Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his
    [See the full post at: Rogoff, Orwell and Kafka]

    Ken Barrows

    Sure, Professor Rogoff, but what about the recession AFTER the next recession?


    According to population distribution, there will not be very many savers left.

    Present savers/retirees are already being scammed out of their savings.
    The younger generations have no savings and they have been raised to have greater expectation than their income and therefore, they create legal scams to satisfy their wants.

    Question: do the people of N. Korea have savings?

    Dr. Diablo

    Back in 1930, there were a million or so people who wanted to solve the Depression. Like good engineers, they input the parameters and used science to come up with an emminently logical plan. They determined that, logically, the most efficient economy would create only and exactly the goods demanded using economy-wide just in time data, — even down to your electric meter — and logically, the currency should be an energy proxy, an inescapable BTU-Dollar, or in today’s parlance, a carbon credit.

    Using this mass-data central planning to run the economy of an unified North America logically — but far better than the competing Soviet system — had a third arm: if individuals stockpiled or “hoarded” anything, it would be inefficient. Therefore, they were both prohibited from stockpiling goods or stockpiling money. If your paycheck from creating this month’s goods wasn’t spent, it would expire. Note that this is a direct pathway to neo-serfdom, as, like the Soviet system it would have owners, capitalists, party-members, oh-so smart, important, naturally benevolent deciders sitting on palacial American Dachas, and the rest of the nation, unimportant people, non-deciders, non-owners, who must live hand-to-mouth, owning nothing and unable to own or store any life security: food, shoes, money, anything.

    Wow, sure is a good thing that never happened! Boy if they had got in the BTU-credit and negative interest rates that made your paycheck vanish, locked in with no alternative, and universal tracking of inventory through every worker from factory to landfill, the whole middle class, stability, independence, and even free human agency would disappear! Dodged that one!

    Thanks to Rogoff, we won’t have to worry about that. He means only the best for us by running the economy logically, efficiently. …You know, like any good sociopath.

    ‘Technocracy is the science of social engineering, the scientific operation of the entire social mechanism to produce and distribute goods and services to the entire population of this continent. For the first time in human history it will be done as a scientific, technical, engineering problem. There will be no place for Politics or Politicians, Finance or Financiers, Rackets or Racketeers. Technocracy states that this method of operating the social mechanism of the North American Continent is now mandatory because we have passed from a state of actual scarcity into the present status of potential abundance in which we are now held to an artificial scarcity forced upon us in order to continue a Price System which can distribute goods only by means of a medium of exchange. Technocracy states that price and abundance are incompatible; the greater the abundance the smaller the price. In a real abundance there can be no price at all. Only by abandoning the interfering price control and substituting a scientific method of production and distribution can an abundance be achieved. Technocracy will distribute by means of a certificate of distribution available to every citizen from birth to death. The Technate will encompass the entire American Continent from Panama to the North Pole because the natural resources and the natural boundary of this area make it an independent, self-sustaining geographical unit.’ Notes:
    – Social engineering as a foundation of control
    – Presumably zero tolerance of resistance or alternate systems/lifestyles
    – Elimination of national governments in favor of a merged corporations / bureaucracy
    – Therefore, elimination of democracy and citizen rights in favor of Philosopher Kings/Scientific Dictatorship, decided by them, not the people.
    – Elimination of money or means of exchange instead using centrally-tracked citizen vouchers
    – A North American union.

    Did I miss anything? Stop me if you’ve heard this one before.


    Cashless societies and negative interest rates are simply Zioglobalist polito-financial delaying tactics that avoid an honest reconciliation of interest rates with risk and of free market prices. Rogoff is a dishonest academic and a shill for people who are masters of abusing power that they have patiently appropriated by subterfuge.


    Ken,Ken,Ken,,,Grandma Janet said there would be no more financial crises in our lifetime. Didn’t you get the memo??? Or are you just not a team player?


    As for all this cashless nonsense,,,go ahead,,,ban 100 dollar bills. We’ll simply convert to Amazon, Walmart and i Tunes gift cards and charge ’em up to whatever denomination we need to make transactions on the street. Control that! Oh, and for the seedier parts of town, BevMo! cards should carry some clout for folks that like their “45’s.” For everything else, there’s EBT cards.


    It is not the Reserve Banks or Governments that will control us when there is a cashless society, it is the Commercial Banks. 97% of all money in circulation today is created by the Commercial Banks. Only 3% by the Reserve Banks. We are already hanging on by our finger nails. What do you think it will be like when everybody’s money is controlled by private enterprise. Governments will have next to no power other than to legislate for zero interest and who do you think will be taking our money? It will be the bloody Commercial Banks.

    V. Arnold

    As long as there are precious metals; pimarily gold and silver, one can maintain some degree of anonymity. There will always be markets that will deal in that for currency.
    The other problem as I see it is credit & debit cards and having debt, personal debt.
    Ones whole life is just a click away for some government bureaucrat.
    When it comes to the U.S. government, be afraid, be very afraid…

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