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BeHoLD THe MONIAC
"Get your ticket to that wheel in space
While theres time
The fix is in
Youll be a witness to that game of chance in the sky
You know weve got to win
Here at home well play in the city
Powered by the sun
Perfect weather for a streamlined world
Therell be spandex jackets one for everyone
What a beautiful world this will be
What a glorious time to be free
On that train all graphite and glitter
Undersea by rail
Ninety minutes from new york to paris
(more leisure for artists everywhere)
A just machine to make big decisions
Programmed by fellows with compassion and vision
Well be clean when their work is done
Well be eternally free yes and eternally young
What a beautiful world this will be
What a glorious time to be free"
Enter the MONIAC
I am not an economist and I am certainly not a PhD. For that reason I am fairly certain that those of you feeling slightly overwhelmed, as I have, by the shitloads of econo-bloviation surrounding the great quantitative fleecing debate, will find the following to be of great interest.
First, I would like to present to you a full color depiction of the once famous "MONIAC" (Monetary National Income Analogue Computer) also known a as the Phillips Hydraulic Computer and the Financephalograph.
The MONIAC was created in 1949 by the New Zealand economist Bill Phillips (William Phillips) to model the national economic processes of the United Kingdom, while Phillips was a student at the London School of Economics. It was an analogue computer which used fluidic logic to model the workings of an economy. The MONIAC name may have been suggested by an association of money and ENIAC, an early electronic digital computer.
There was a time, when Keynesian's and others of similar ilk believed that the monetary/fiscal macro-levers of the economy could be calibrated, manipulated and adjusted to realize their political/economic goals, just like a machine.
Apparently, we still live in that time.
Now take a look and the MONIAC and enjoy the music for a few minutes...
From Fortune Magazine, 1982
As you know, I love these kinds of visualizations and models. I am also intrigued by the idea of simulating complex adaptive systems with elements of systems dynamics such as "stocks and flows" and "infinite feed back loops".
But I am not deluded into believing that the complexity of the real world can be manipulated and controlled like a model or simulation.
"The map is not the territory" as the saying goes. But as we all know, there are many "all knowing beings" in positions of great power and influence, who continue to believe that their economic map is the territory. They control the levers of the great printing press that decides everything.
I have my own view of their collective folly. But I would not presume that my conclusions are any more valid than yours.
Instead, I want to share with you a fascinating film segment of a BBC series called "Pandora's Box, a fable from the age of science." The six part series examined the consequences of political and technocratic rationalism.
The relevant segment is titled, "The League of Gentleman". Here is a description with my emphasis added:
"This film focuses on how both the Conservative and Labour governments of the 1960’s attempted to use economists to engineer economic growth to specific targets, as well as programme post-war economic management in the United Kingdom, and attempts to prevent relative economic decline and the perception of the 1960s Wilson governments that devaluation would jeopardize against national self-esteem.
By the mid 1970s, stagflation emerged to confound the Keynesian theories used by policy makers. Meanwhile, a group of economists had managed to convince Margaret Thatcher, Keith Joseph and other British politicians that they had foolproof technical means to make Britain 'great' again. The stagflation of the 1970’s catapulted the then obscure economic theory of Monetarism to the forefront of political thought. By the late 1970’s Milton Friedman had been awarded the Nobel Prize in Economics and even some Labour politicians were claiming that government attempts to grow the economy by injecting capital was causing more harm than good by driving up inflation.
In 1979 Margaret Thatcher came to power and began to implement these new economic theories to drive down inflation by cutting government spending and raising interest rates, thus tightening the money supply. However, this failed both to end inflation and caused widespread job loss and industrial decline. By the early 1980’s unemployment had risen to 2.5 million, British industrial output had declined by 1/6th, and large scale riots had begun to break out in Britian. The Conservative Government decided to abandon the Monetarist project and lowered interest rates in an attempt to create jobs. In fact, by the mid 1980’s Ms. Thatcher claimed in a television interview that she had “never subscribed” to the theories of Milton Friedman.
The film ends with many of the economists involved in the ill fated attempts to manage the economy arriving at the same conclusion their predecessors had 30 years before: they could only prevent an economic disaster not engineer growth. Other economists point out that other county’s success had more to do with focusing on improving their education systems and industrial bases rather that large scale attempts to engineer the entire nation’s economy. While another worries that the whole Monetarist project might have simply been an attempt to reduced the economic and political power of the working class by raising unemployment and lowering wages, as he puts it "creating a Reserve army of labor." [Source: The Source of all Knowledge, Wikipedia]
"They could only prevent an economic disaster not engineer growth!"
I highly recommend that you watch this film because so much of what you will see and hear will resonate with what we are seeing and hearing on a daily basis...
Start the video (11/30) and select the succeeding segments through (15/30)
I would also like to share with you the following satire of the MONIAC, which was published in Punch...
and finally, the modified Banzai7 version...
Have a nice Funday...
WB7
[UPDATE: This German machine was just brought to my attention]
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Looking at the original model . . . do I see stuff trickling down?
And the choice of red has to be an all time low in PR.
pee ..... or ..... tears .....
industrial progress is resource consumptive and is very directional.
expensive and requires long term financing.
but demand is fickle and especially so as technology progresses.
so as in this history of british economy over the last decades finance
globally tilted stepped up to finance an infrastructure that was
extinct. i have this sick feeling in my gut every time i look at an urban
skyline from a distance. it is the image that is usually used as a
backdrop for someone being interviewed for comments on money or
the economy. the interviewer is seated amidst multiple screens and
terminals, also makes me feel ill. anyway, the thought i have is
that there is only one way for these environments to continue to
be financed. that being fraud, theft and war. otherwise they would
cease to be affordable. how can these high rises remain occupied?
what is it that they produce in all those offices that the world needs?
they satisfy each others paper needs or electronic needs. they create
images, mindsets among the masses. they settle disputes arrange
payments and schedule deliveries. etc. but how does that provide
the energy to keep the lights on, heat on, water flowing, waste / garbage
removed.
without fraud the urban environments would crumble. without some form of
enslavement the people would just leave. of course they/some don't see it as
enslavement. they see it as an exciting but demanding and sometimes
heartless "reality".
jefferson said that the betrayers of the revolution were all from the cities.
as the urban environment has financial needs above and beyond
any just economic relationship. so they specialize in fraud and are
then required to have it legislated into acceptable legal activity.
imo, he thought.
also the corporatists have bought much of the farmland too so ....
here we are, on line rather than at a barn dance.
and growth.. think cancer.
and mona signer. what is that job? sign your name 5,000 times
a day, 5 days a week for years at a time? that is just fucking cruel.
her employer should be executed for coming up with that job description.
any industry that requires that of a human being needs to be destroyed.
i know it isn't coal mining but really, think about it.
mona signer, you had me at V.P..
blindman, i sure have been enjoying your posts and all of the contents. all senses awoken this weekend, thanks.
i just took my fixie ride and was a pir ette. but i was riding on the bike path right downtown boulder, and there was a young dead homeless man. he probably froze to death. isn't that so sad, right downtown. one man stopped to attempt CPR. i don't think i would have the courage to try and do that for another human beings. i did have to get my CPR card when i was a ski patrolman. but really i don't possess that skill. i do care, and would of held his hand, like maria did.
like wise sista. you're kind.
Kamikaze Ben?
...and Ben 'Shalom' Bernanke as the Ponz!
Sunday, Monday, Happy Days.
Tuesday, Wednesday, Happy Days.
Thursday, Friday, Happy Days.
The weekend comes,
My cycle hums,
Ready to race to you.
Fixed, lol.
Sunday, Monday, POMO Days
Tuesday, Wednesday, POMO Days
Thursday, Friday, POMO Days
The weekend comes,
My presses hum,
Ready to print some poo.
I think what's scary is how much government finance is indeed a "closed loop system."
we would do well to study the exogenous nature of
the federal reserve and it's concerns and involvements
along with those of the investment banks and hedge funds
when fretting over the endogenous effects. or.. they don't
give a fuck about america. and the economic model should
show where the money flows right out of the system into
other , perhaps hundreds of other, moniac devices of unknown
machination. america has become a host to a giant "blood sucking
squid". m.t. or like that. where is the squid on the moniac. the
moniac squids! there must be an organic life form feeding somewhere.
we are not machines!
In money and related fiscal/monetary matters, antisocial fraud flourishes with negelect of correct diagnosis.
"For some reason or other the arithmetical nature of finance seems to inspire the mathematically-minded, and their efforts always tend in the one direction, towards the creation of an automatically functioning solution operating according to fixed mathematical rules. But the currency problem is not a problem which can be solved according to fixed rules...Monetary policy is not an exact science but an art. As such it is a sphere which will always remain mysterious to the man who is not capable of mastering that art, while appearing simplicity itself to the man who is.
The art of monetary policy consists in keeping the relationship between the value of money and the value of the other commodities as steady as possible. Part of this art consists in constantly observing and correctly judging not only the movements of money but also the production and consumption of other commodities.
All those currency projects which embody new ideas and suggestions for establishing automatically functioning principles are fruitless. It is not a question of the percentage of gold or bills behind the notes in circulation, or of note control, or the discount rate, but simply and solely a matter of the temperature and the pulse of economic life. In monetary policy, just as in medical therapy, correct diagnosis is the secret...".
Excerpt Hjalmar Schacht [my emphasis]
Schacht, Hjalmar Horace Greeley, 1877-1970. Uniform Title [ Abrechnung mit Hitler. English.] Title Account settled. Translated by Edward Fitzgerald. Publisher London, G. Weidenfeld & Nicolson [1949]
I really like your introductory sentence!
LOL...Excellent! The future of the UK a national plan....MONIAC, the technical solution for the politicians via the UK's best economic geniuses.
Thanks WB7....Now I have clarity on the reason why the Brit's have had their heads up their ars all these years.
Hm...Speaking of heads up their ars, I wonder what kind of machines may be in the bowels of the Fed?
Someone should google for QED.zip, someone actually wrote a Windoze program to mimic the hydraulic model to some extent.
Aha! Found it at:
http://www.debtdeflation.com/blogs/qed
william, you just ruined my F U N day with this reality article. i can't really grasp the meaning but that is ok.
they shoot horses, don't they? i need to become some super glue.
i am going back to my love songs cause you're getting way over my head. you know this one frank sinatra song with words, i noticed: him singing then and than. i still don't know the correct usage. let's talk about some of this instead of what you have been posting. it is funday not sunday sad day.
i use to hate sunday's cause of WWII, i believe. some show on TV my parents always had on and scared the pajama's off me.
i had so much fun last night listening to cupcake's playlist and deseeding three rather large pomegranates to freeze for the winter. i fell a sleep in my clothes and didn't even get into my silk PJ's. my kitchen is just a mess of light red pomegranate blood. you should see my fingers are all stained with red too. i was like a kid in a sand box. i have jill's cleaning coming over to clean and shop for me, tomorrow. i am very excited about this woman helping me out. i just can't stand to go grocery shopping and she will do it for me. thanks for your time and post, to all.
Happy Funday!
"Fly me to the moon/ Let me play among the stars/ Let me see what spring is like/ On a Jupiter or Mars"
Quote: "But I am not deluded into believing that the complexity of the real world can be manipulated and controlled like a model or simulation."
If you don't think that is the case in banking, I would suggest a read of "Silent Weapons for Quiet Wars".
Real work, time/work, gold and silver
Derivatives of real work, fiat, CDO, CDS
Combine the two for creating unpredictable chaos and Ponzi schemes where the real workers get scammed.
http://www.youtube.com/watch?v=te6qG4yn-Ps
"It is the world that has been pulled over your eyes to hide the truth from you......Remember, all I am offerring is the truth; nothing more" -The Matrix
William, the central planners have done for the economy and the Moniac what Generous Motors did for the Pontiac
rust belt Bitches!
when I was a young scout working in the big corporate building in downtown Detroit, I would enjoy a nice train trip into downtown from Birmingham each day
the empty industrial lots were jammed with unsold Chrysler's piling up in some kind of Corporate/Keynesian experiment in making work and building inventory
I also remember the bums on Woodward avenue enjoying all the excitement during the Rethuglican nomination of Regun in 1980 in Detroit
the truth is, the economy had already been destroyed by golbalists at that point and we've had 30 years of looting the dead corpse ever since
love your work William, the humor is much needed in this time
I have been noodling today's ultimate ironic news item. Guess who wants to buy a big chunk of the GM IPO?China and the Middle East SW Funds. So we bailed the fucker out and now look who is buying it. Not the Wall Street bankstas. They are busy taking funny money and playing the Rupiah.
not completed viewing this, but ... here this.
i prefer minimalism.
George Carlin The Ten Commandments Broken Down
http://www.youtube.com/watch?v=YzEs2nj7iZM
.
"spooky language, spooky language. designed to scare and
control primitive people."
bells are ringing!
The "Wash, Rinse, Repeat" Perpetual Motion Machine.
LOL....
That gives me another idea, tnx ;-)
Incredible! The blood sucking machine has but one lonely crank operated by one egotistical idiot.
Suckers and fools! I love it.
That is what it essentially comes down to these days, 1 input and 1 output...;-)
Another great job, Banzai! Hey, bud, looking for a helping hand on George's thread . . .
Lets make an electromagnetic version. Throw the Fed in there create some resonance and the whole thing blows up. Or a Chinese EMP missile might work.
The Fed is already in there and it's going to blow up soon enough!
Hydraulic explosions are not nearly as fun as electromagnetic events. That's what I meant.
Hilarious post though, I've been loling for about 30 minutes now.
You are in for a show because it is all EM now, and we are in the middle of a reserve currency polarity reversal ;-)
here's a topic for some art http://www.youtube.com/watch?v=bI3Y-1p9gaI
Trump wants a trade war!
Is that bankers' blood in the first Moniac pic? If so, I say we produce a few hundred-thousand and sell 'em as the modern version of the lava lamp.
probably down sizing to 12 oz., william. remember that is how they are fleecing us consumer. less quanity, same price. honey in his gas tank.
10 print
20 goto 10