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Response to Interview with Paul Krugman

May 26, 2014

Response to: Capital in the Twenty First Century, Thomas Piketty, Interview with Paul Krugman.

The interview with Paul Krugman is at:

To change the way we think about economics is essential. That our society has been “on the road to Oligarchy,” as based on inherited wealth, is not such a revelation as it is the logical outcome of what happens in the context of capitalistic economics. Commercial Banks siphon wealth from interest payments, interest payments from all borrowers, individual borrowers and State borrowers. Some of that interest is used by Commercial Banks to make their account deposits “grow.”

In the case of the United States all of the Income Tax (1913) collected by the Internal Revenue Service (a department of the Central Bank)  is used by the American Government (a department of the Central Bank) to pay the interest on the loans made to the American Government by the Federal Reserve System. That was disclosed by President Ronald Reagan’s Grace Commission.

Grace Commission:

Of course, the political system is controlled by the Oligarchy. There is no “drift towards” Oligarchy, as stated by Paul Kruger, rather, Oligarchy controls of all aspects of American life. The Mid-East wars were orchestrated by that Oligarchy. Since 1913 the Central Bank has dictated American policy.

American representational government failed to defend our country from being taken over by the owners of the Central Bank (1913) – and – the major, corporate powers of commercial-industrialism have monopolized the vital sectors of the national/international economy; combined, those institutions constitute a sophisticated dictatorship, the nemesis of our sovereignty.

Redistribution, suggested by Krugman, is a noble initiative. I don’t think that will happen while the objective of the “super class” is domination – which – objective is the sole premise of the monopolized, “monetary authority.” Paul Krugman tries to be optimistic about redistribution, but, at the same time, he discusses a “level of harshness” regarding American billionaires who cannot tolerate criticism for their complicity in societal disparity. Although Krugman would like for us to think that there is yet some hope for a societal shift that would improve our lot, he is not convincing.

Nonetheless, for us to change the way we think about economics is essential. The way to curb societal disparity is not through convention, because the “super class” controls convention. Rather, the type of independence that we need is independence from the Central Bank, and its economies of scale.

To become independent from those, all intruding, economies of scale is the structural challenge that we must meet. The way to those ends is for folks to develop real communities with internal, production-based economies. And, for those sovereign communities to confederate, and for those confederations to create confederations of confederations in ever growing independence from the consumer-based economy.

Thinkers like Paul Kruger and Thomas Piketty dissect of the existing socioeconomic system and disclose its objectives, which is an important contribution towards the emancipation of our peoples. However, the mirror reflection, the opposite structure of that socioeconomic system is what we strive to create. Its actualization will be that contrasting civilization that we so richly deserve. Only from that position of real, concrete, socioeconomic independence will we be able to curb the destructive forces of Oligarchy.

Reed C. Kinney


Bill Still’s, The Money Masters!

Part 1:

Part 2:

And See:

Response to: Fellowship for intentional Community

Permanent, parochial, “full featured” eco-villages. They are not expansive enough to generate the contrasting civilization that we must create in order to sustain our permanence as the humane species we are meant to be. Needed is the organizational format for the development of permanent, sovereign communities in confederated society, which is the content of the manuscript that I am currently writing.

We are headed into the era of insufficient fossil fuel to feed the commercial-industrial consumer market.

My previous work  is sound enough for you to understand the proposition that I will be actualizing in practice. My current work, manuscript in progress, is more comprehensive and concise. It will be available in both English and in Spanish – and – will be published in Mexico before it is published in the United States. I plan to have that manuscript completed, perhaps, sometime in August 2014.

Reed C. Kinney


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