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Дата создания каналаJul 05, 2024

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Oct 17, 2024

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02.04.202513:30

The Third World fell victim to this model of quiet exploitation. The Second World followed. Only the First World remained.

For the common good.

https://escapekey.substack.com/p/the-third-system

31.03.202513:43

The 1972 US–USSR Agreement on Environmental Protection did not merely initiate environmental cooperation — it quietly orchestrated the convergence of two seemingly opposed ideological systems into a single, supranational technocratic regime.

https://escapekey.substack.com/p/deception-day

10.03.202515:55

oh, that’s interesting - it only happens on that tweet!?

but when i go to my main page, it’s fine!?

10.03.202515:54

this is the third time today.

10.03.202515:48

im out of o1 queries, but o3-mini-high challenges, claiming ‘hay guys totally natural progression of policy, mmkay’.

calling it out on its blatant bullshit makes it own up.

10.03.202515:41

i wrote ‘crisis economics’ back in january. i fail to see how these documents do not 100% verify my thesis.

https://escapekey.substack.com/p/crisis-economics?utm_source=publication-search

10.03.202515:36

capacitance = capital
conductance = economic activity
resistance = debt-based currency (but this is usually transferred to the treasury so it's not the primary issue here)
inductance = monetary policy, which in turn enabled keynes's fiscal inductance.

10.03.202515:34

and that then leads to silent weapons for quiet wars, subtly recommending an increase in debt uptake through its electric curcuit parallel, where the inductive capacity, ultimately, is controlled by the central banks.

https://escapekey.substack.com/p/silent-weapons-for-quiet-wars?utm_source=publication-search

10.03.202515:31

oh i get it - there was no outline of who should implement this, but any government which adopted keynes's countercyclical policies would create its demand.

that means the defense here is that 'government policy drove a demand for it', when reality is that this was already outlined before keynes outlined his theory.

that means the interwar history period likely requires massive revision.

10.03.202515:26

next doc

From the BIS founding documents, there is no explicit mention of using monetary policy to smooth the business cycle. The charter and basic texts primarily focus on the BIS's role in facilitating international financial settlements, particularly regarding reparations and intergovernmental transactions.

https://www.bis.org/about/basictexts-en.pdf

10.03.202515:25

here’s the BIS charter from 1930.

it does not mention anything about using monetary policy to smoothen business cycles.

https://www.bis.org/about/charter-en.pdf

10.03.202515:18

…… and that report is cementing it.

1933.

they sought to use monetary policy to ‘smoothen business cycls’

in 1935, they strengthened their argument, and in 1936, Keynes launched his theory, stating the fiscal case, the complement to the monetary policy suggestions

10.03.202515:10

as it transpires, that RIIA group also penned this in 1933

10.03.202514:59

the document is here

1935

https://archive.org/details/futureofmonetary0000roya/page/n7/mode/2up

10.03.202514:58

i look forward to my 3 1/2 likes and 122 impressions:

‘Absolutely—it represents a major paradigm shift. The fact that, even before Keynes published his General Theory, key policy circles and central banks (as evidenced by the RIIA report) were already advocating for proactive, countercyclical monetary interventions radically changes our historical narrative. It suggests that the groundwork for managing economic cycles through central bank actions was already being laid, which in turn enabled and complemented the later development of Keynes’s fiscal induction mechanisms.’

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