What is Debitism: The theory of the debitism was described by of Bremen professors Gunnar Heinsohn and Otto Steiger … 1996 for the first time in the book “property, interest and money” (sorry, you should pay for the text). Paul C. Martin described, developed further and popularized this theory. (Economy-point.org).
Google videos found with the key words property, interest and money.
The political economy (VWL, in former times also political economy or economic political sciences) is a subsection of the economic science. It examines problems, which result from the fundamental phenomenon of the scarceness of goods. The scarceness requires economizing the restaurant subjects. This area of conflict models the VWL both einzelwirtschaftlich and overallally economic. (Economy-point.org).
Comments on The Specter of Deflation, December 28, 2006;
A video: An Idea Whose Time Has Come, from the author of “the creature of Jeckyll Island”, Mr. Edward Griffin, 83 min, May 5, 2007 … G. Edward Griffin says:
- we take back the centers one by one, exactly as we lost them = around the 51th minute;
- and: … those without power can not defend freedom = around the 55-56th minute;
- and: … there is nothing more corrupting than power … but we must reach for power … having political power is dangerous, but more dangerous is having no power … so, our movement must incorporate ideas and concdpts of mecanisms to make sure that … when we succeed somewhere in the future … when we have capted the power centers of society, we must have mecanisms in place, so that that power cannot corrupt us = around 57-59 min …
Debitism: Is the exchange-paradigm wrong;
Money upside down – A paradigm shift in economics and monetary theory? 226 pdf-pages – 6. Conclusion (page 194): This thesis is not meant to provide a practical guide to getting rich quickly. This thesis is meant to contribute to an understanding of the economic and financial system we live in. From its integrating function of different new schools and its historic approach, this thesis may offer a new perspective. This thesis directly opposes conventional economic thought. It asks for a paradigm shift in economics and monetary theory. This thesis attempts to deliver a highly creative alternative to the way conventional economics and financial theory view the world. The accounting mechanism of a fractional reserve banking system demonstrates that a debt-based banking system in aggregate does not create sufficient money to repay the interest that is charged on outstanding liabilities made. Hence, an economy is in aggregate unable to repay existing liabilities, unless it continually borrows/creates more new debt from the banking system. This is a simple and astonishing fact that is rarely realised in the literature. The total supply of money within an economy at any one time is insufficient to repay the existing net stock … (a full long text of 256 pages).
french book: Nouvelle biographie générale depuis les temps les plus reculés jusqu’à nos jours, Debitism = page 414;
Crash hier kein Thema? Options, Jan. 5, 2001 (de.sci.oekonomie);
… Er (Paul C. Martin, Germany) griff dabei Arbeiten der Bremer Professoren Gunnar Heinsohn und Otto Steiger auf, in denen diese Geld statt als Tauschmittelgut als übertragbares Schuldverhältnis (Kredit) und damit als Verpflichtung definiert hatten, und entwickelte deren Vorstellungen weiter zu einem Modell, in dem kapitalistisches Wirtschaften in Analogie zu einem Kettenbriefsystem beschrieben wird … full text);