HAROLD CHANNER 

                                Producer / Host

          Public Access Cable Television Series

          "Conversations with Harold Channer"

                                              &

                                       Presenter: 

                1998 New York University Talk Titled:

"Public Access Cable Television Within a World  Systems

Pattern of Understanding - Drawling Upon the Contributions

of R. Buckminster Fuller Louis O. Kelso and Others"

              To access graphics accompanying talk click below:

                                          TALK GRAPHICS

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I reference a talk I was honored to give before the Membership & Friends of The Secular Humanist

Society of New York. This was Their 3rd Annual "Freethought Brunch & Lecture Celebration" held

at the Historic "Pete's Tavern" in Manhattan New York at NOON on Sunday October 16. 2011. Their

very rich web site is: http://shsny.org
 

Included is some information about myself & the some graphics I focused on during the talk.

The latter involve what seem to me unique, possibly of great importance - yet largely overlooked -

interpretations of major Humanitarians: R. Buckminster Fuller, Isaac Asimov, Lord John Maynard Keynes,

and Louis O. Kelso among others whose contributions might be of critical importance & useful in

addressing the incredibly stressful nature of the current National and World Situation.  Link to the you

tube  version of the talk is immediately below:

http://www.youtube.com/watch?v=OPkFIUZtwF0 - Link to talk before the Secular Humanist Society of NY 10-16-11

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                                                                               Buckminster Fuller

                                                                     Louis O. Kelso

                                                     www.channer.tv

                                     www.youtube.com/haroldchanner

                                                     hhc@nyc.rr.com

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More about: HAROLD HUDSON CHANNER

   CONVERSATIONS WITH HAROLD HUDSON CHANNER

    ABOUT HAROLD CHANNER

 CURRENT ACTIVITY: TELEVISION PRODUCER & CONVERSATIONALIST

 Approximately 2,700 in depth Conversations have been videotaped and aired in the "Conversations with Harold Hudson

 Channer" public access cable television series which was initiated in 1973.  Responsibilities have included all aspects of

 administration, including:

• Preliminary research to identify potential guest(s)
•  
• Contact and invite potential guest(s) to participate
•  
• Intensive research after invitation has been accepted
•  
• In studio or location videotaping of conversation 
• Post production editing and graphics enhancement of program
• Negotiate and assure televising of conversations programs
• Maintain appropriate continuing correspondence with guest(s)

Guests have included a wide variety of leading figures from the

business, governmental, academic and intellectual communities.  

FORMER ACTIVITY: UNIVERSITY PROFESSOR OF GEOGRAPHY

• New York State University, New Paltz, New York 1968-71
• .
• California State University, Long Beach, California 1967-68
•  
• Utah State University, Logan Utah, 1966-67
• Wayne State University, Detroit Michigan, 1965-66
• Southern Illinois University, Edwardsville, Illinois 1963-64  

EDUCATION

• Ph.D. (ABD) degree. Political and Economic Geography - Indiana University. Bloomington Indiana 1963
•  
• Master of Arts degree. Physical and Historical Geography - Wayne State University, Detroit, Michigan - 1961
•  
• Bachelor of Arts degree. History and Geography, Wayne State University, Detroit Michigan 1959

HONORS: HAS BEEN LISTED IN THE FOLLOWING MARQUIS PUBLICATIONS:

• Who's Who in America;
• Who's Who in the World;
•  
• Who's Who in the East;
•   
• Who's Who in Entertainment
• Who's Who in the Media and Communications
   

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                          Some of those who have been guests of "Conversations"

Dr. Buckminster Fuller                      Dr. John Kenneth Galbrath               Dr. Edward Wolff

Mr, Louis O. Kelso                             Mr. Jeff Gates                                    Mr. Ed Asner

Mr. William McGowan                       Dr. Cornel West                                 Dr. Stanley Aronowitz

Hon. Russell Long                             Baba Ram Dass                                 Dr. Wally N'Dow

Hon Caspar Weinberger                    Mr. William Winpinsinger                 Mr. William Bahr

Hon MuAmmatr Al Gaddafi               Dr. Santiago Astrain                          Dr. Benjamin Barber

Hon Yasser Arafat                             Hon Elliot Richardson                       Dr. Mustfa Tolba

Dr. Zbigniev Brzezinski                     Dr. Timothy Leary                             Mr. William Batten

Dr. Joshua Lederberg                        Mr. Michael Harrington                     Mr. Floyd Abrams

Dr. Robert Heilbroner                        Dr. Lewis Thomas                             Mr. Peter Peterson 

Dr. Gunnar Myrdal                             Dr. John Brademis                            Mr. William Baroody 

Hon. Kenneth Kaunda                        Mr. Yoshio Teresawa                        Mr. Robert Wussler

Hon. Jerry Brown                              Hon. Gary Hart                                  Mr. Jack Valenti

Robert Ashford                                  Lord Walter Perry                             Dr. John Lilly

Dr. Wassily Leontief                          Mr. Harold Geneen                            Dr. Henry Geller

Mr. Robert MacNeil                            Mr. Ralph Nader                               Ms. Kay Koplowitz

Hon. William B. Simon                       Hon. Ramsey Clark                           Dr. Issac Asimov           

H.R.H. Mohammed Faisal Al Saud      Mr. Vernon Bellecourt                      Mr. John McArthur

Mr. Arthur Levitt Jr.                           Dr. Rollo May                                   Mr. Praynay Gupte

Ms. Marilyn Mach Vos Savant             Dr. Marilyn Ferguson                       Mr. Hugh Price

Dr. Norman Borlaug                           Mr. William Greider                          Ms. Barbara Crossette

Mr. Richard Branson                           Dr. Rollo May                                   Dr. Marc Uri Porat

Dr. Kirkpatrick Sale                            Mr. Benjamin Hooks                         Mr. A.H. Raski

Mr. Sanford Weil                                 Ms. Jane Roberts                             Dr. Eli Noam

Hon. William Proxmire                        Dr. Corliss Lamont                          Dr. Herbert Schiller

Mr. Raleigh Warner Jr.                        Hon Negendra Singh                       Ms. Yue-Sei Kan

Mr. Richard Wiley                                Dr. Ravi Batra                                 Dr. Oliver Sacks

Mr. Henry Wallich                                Dr. Gerard O'Neill                           Mr. Gerard Levin

Hon. Richard E. Wiley                          Dr. Michio Kaku                              Mr. Richard Salent

Mr. Brian Lamb                                    Admiral Gene Larocque                   Dr. Larry Gell

Hon Andrew Young                              Mr. Ray Kurzweil                            Mr. Pete Seeger

Hon. Hubert Humphrey                        Hon. Carolyn Malony                       Mr. Richie Havens

Hon Jacob Javits                                  Hon. Jerrold Nadler                         Dr. Paul Moller

Hon. William Seidman                          Hon George Romney                       Mr. George Franklin

Mr. Donald Kendall                               Mr. Abbie Hoffman                          Mr. Charles Heck

Mr. Armand Hammer                            Dr. B.F. Skinner                               Mr. Glenn Watts

Dr. Jay Forrester                                   Mr. Jeremey Rifkin                          Mr. Peter Marshall

Dr. Jonathan Kozel                                Mr. Kume Ture                                Hon. NizarHamdoon

Mr. William Borroughs                          Right Rev. Paul Moore Jr.               Mr. Henry Winston

Hon. Frank Church                                 Sri Swami Satchidananda               Mr. Gil Noble

Dr. David D. Korten                               Mr. Vance Packard                          Hon. Ahman Kamal

Mr.  Danny Schechter                            Mr. Herman Khan                            Mr. Stewart Mott

Mr. Gerard Piel                                       Dr. Paul Kennedy                           H.E. Ali Treki

Mr. Stewart Brand                                  Mr. Norman Kurland                       Mr. Kevin Phillips

Dr. Guyford Stever                                 Hon. Barry Goldwater                     Rabbi Israel Domb

Dr. Leon Cooper                                     Dr. Barbara Erenreich                     Mr. David Finn

Mr. Rodney Shakespeare                        Ms. Patricia Hetter Kelso                Dr. Robert Mundell

Dr. Robert McChesney                            Mr. George Stoney                          Mr. Frank Zarb

Ms. Nadine Strossen                               Ms. Judith Malina Beck                   Mr. Hedrick Smith

Mr. Ethan DeAntonio                               Dr. Ethen Nadelman                       Mr. Paul J. Rizzo 

Hon. Lloyd Bentsen                                 Mr. Tadahiro Sekemoto                  Robert Thurman

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                                    INDEX GUEST LISTING BY NAME  01-01-73 TO 07-31-10

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                                     Slightly Updated & Selected Summary Graphics

                                 FROM AN ORIGINAL PRESENTATION TO

              CLASS OF DR. ROBERT DANNIN

               "CRISIS OF THE MODERN AMERICAN CITY'

                                AT NEW YORK UNIVERSITY

                                                   THURSDAY APRIL 30, 1998

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                        One Individuals Idea About

                                PUBLIC ACCESS TELEVISION WITH

                 WORLD SYSTEMS PATTERN OF UNDERSTANDING

      Link (immediately below) to You Tube Version of Presentation       

                   http://www.youtube.com/watch?v=UcTfmo62PfI&feature=channel_page

        NYU Talk 04-30-98  “Public Access TV – A World Systems View”

                            Drawing Upon the Contributions Of:

 R. Buckminster Fuller / Louis O. Kelso

     And  Others

     This is very much an evolving work in progress

                        HAROLD  H.  CHANNER

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PUBLIC ACCESS TELEVISION WITHIN A WORLD SYSTEMS PATTERN OF UNDERSTANDING

·        PUBIC ACCESS PRODUCTION / DISTRIBUTION FREE TO PRODUCER

·        OPEN TO ALL FOR NON MONETARY BASED COMMUNICATION

·        EARLY EXAMPLE & AKIN TO NON COMMERCIAL USES OF INTERNET

* IN TERMS OF ITS COLLECTIVE CAPABILITY MANKIND, AFTER 200,000 YEARS OF

CULTURAL & TECHNOLOGICAL DEVELOPMENT, HAS TRANSCENDED MATERIAL SCARCITY -

“A NEW REAL CAPABILITY” TO PROVIDE "LIFE SUPPORT" (WITHIN AN ECOLOGICALLY

APPROPRIATE PATTERN) FOR ALL WORLD CITIZENS. IN TERMS OF CAPABILITY NOW MORE

“HAVES” THAN “HAVE NOTS”.

* MOST IMPORTANT MILESTONE, OF THIS OR ANY OTHER, CENTURY. OBVIOUSLY THE

TRANSITION IS IN OUR COLLECTIVE “DESIGN CAPABILITY” NOT THE ACTUAL MANIFESTLY

INADEQUATE “REALITY” INHERITED FROM HISTORY.   NEW POST SCARCITY “REALITY

CAPACITY” HAS ONLY APPLIED SINCE THE YEAR 1970 – AGAINST ALL OF HUMAN HISTORY.

              1.  R. BUCKMINSTER FULLER  2. MARSHAL MCLUHAN

                                       3.  TEILHARD DE CHARDIN  4.  RAY KURZWEIL

              5.  LOUIS 0. KELSO  6. MU-AMMAR AL GADDAFI

* INVOLVES TECHNOLOGICAL DISPLACEMENT OF LABOR IN PRODUCTION. PURPOSE OF THE

INDUSTRIAL (AND POST INDUSTRIAL) REVOLUTION WAS - AND IS - TO PUT PEOPLE OUT

OF WORK OR JOBS. DISTRIBUTION OF INCOME BY LABOR IS ALMOST UNIVERSAL BUT

OUTDATED IN ECONOMY WHERE THE MAJOR AND INCREASING SOURCE OF PRODUCTION

IS CAPITAL WHICH IS ALL OWNED BY A MINISCULE (PLUTOCRATIC) FEW.  AN UNVOICED

PARADIGM CLASH. 

* TECHNOLOGICAL DISPLACEMENT OF LABOR REQUIRES A NEW ECONOMIC SYSTEM

IN KEEPING WITH NEW REALITIES OF CAPITAL PRODUCTIVENESS RATHER THAN LABOR

PRODUCTIVITY. OWNERSHIP MUST BE DISPERSED.  AN UNVOICED CRUCIAL PARADIGM

CLASH.

                 1. CHARLES HANDY (JOHN MAYNARD KEYNES)

                 2. LOUIS 0. KELSO / BINARY ECONOMICS

* ALL ACCEPTED ECONOMIC SYSTEMS (EXCEPT BINARY ECONOMICS?) ARE AND

HAVE BEEN ESTABLISHED ON VARIOUS INTERPRETATIONS OF "THE LABOR THEORY

OF VALUE” WHICH SEES LABOR AS THE PRIMARY OR ONLY LEGITIMATE SOURCE OF

INPUT TO PRODUCTION. ALL SYSTEMS ASSUME THE SUPREME IMPORTANCE OF

LABOR AND DISTRIBUTE MOST INCOME BY LABOR CRITERIA (JOBS). BINARY

ECONOMICS ASSUMES TWO FACTORS OF PRODUCTION - LABOR AND CAPITAL AND

PROPOSES DEMOCRATIZATION OF CAPITAL OWNERSHIP AS A PRIMARY COMPONENT

OF BOTH CAPITAL FORMATION AND INCOME DISTRIBUTION – UNVOICED. 

·        UNIVERSALLY DISPERSED CAPITAL OWNERSHIP WILL: INCREASE ABILITY OF

ALL TO PURCHASE WHAT CAPITAL INTENSIVE AUTOMATED SYSTEMS ARE CAPABLE

OF PRODUCING - EXPAND MARKET DEMAND; INCREASE CAPITAL AVAILABLE FOR

INVESTMENT IN ECOLOGICAL "COSTS"; ATTACK CAUSES OF POVERTY (LACK OF

CAPITAL OWNERSHIP) RATHER THAN IT'S SYMPTOMS; STEADILY INCREASE THE

NUMBERS OF THE COMFORTABLY LEISURED AND THUS REQUIRE MANY NON

ECONOMIC VENUES FOR THE EXPRESSION OF THE HUMAN SPIRIT SUCH AS: PUBLIC

ACCESS TV, FAIR USE OPEN ACCESS BASED INTERNET, NON COMMERCIAL

EDUCATIONAL/CULTURAL INSTITUTIONS, OR WHATEVER ACTIVITIES A LIBERATED

POPULATION  WOULD WANT TO START – OUTSIDE THE DICTATES OF AN INCREASINGLY

BYPASSED MARKET SYSTEM.

BUCKMINSTER FULLER GRAPH FROM HIS “WORLD GAME” FINDINGS OF THE PERCENTAGE OF THE WORLD

POPULATION WHO COULD BE SEEN TO BE “HAVES” IN THE MODERN EXPERIENCE IN TERMS OF OUR ABSTRACT

TECHNOLOGICALLY AUGMENTED "CAPABILITY" TO PROVIDE "LIFE SUPPORT" TO THE WORLD POPULATION. 

FURTHERMORE BOTH  “GROWTH AND EQUITY” COULD BE REALIZED WITHIN AN ECOLOGICALLY APPROPRIATE

MANNER THROUGH THE INCREASING ELEGANCE OF "GOOD DESIGN TEMPLATES” -  “DOING MORE WITH LESS.”

THINK MOORE’S LAW WRIT LARGE.   HE PROJECTED FROM THE YEAR 1952 “A TWENTY YEAR PERIOD OF

IMMINENT CRISIS TO ALL HUMAN INSTITUTIONS AS WE APPROACHED AND CROSSED THE 50% MARK”.  HE

LIVED OUT HIS LIFE IN THE BELIEF THE PROCESS HAD ACCELERATED AND THAT WE CROSSED THE 50 % MARK

IN  1970.   REMEMBER THIS IS “CAPABILITY” NOT ACTUAL “REALITY.”  HHC

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                       JAY  BALDWIN

             Bucky Works: Buckminster Fuller’s Ideas for Today

                                                   John Wiley & Sons Inc. 1996

                        *************************************************

   Earthman’s Critical Moment

“Think of It.  We are blessed with technology that would be indescribable to our forefathers. 

We have the wherewithal, the know-it-all to feed everybody, clothe everybody, give every

human on earth a chance.  We know now what we could never have known before – that

we now have an option for all humanity to “make it” successfully on this planet in this

lifetime.  Whether it will be Utopia or Oblivion will be a touch-and-go relay race right up

to the final moment.”

                                    Buckminster Fuller,  1980

   Historically, according to Fuller, all theories of economics, all political ideologies have

been founded on one basic tenet – the fundamental scarcity of life support. “It has to be

either you or me, not enough for both.” Buckminster Fuller was the first to scientifically

and incontrovertibly find that there is ample to support all humanity.

   We have never been in this position before, according to Fuller.  1970 marked

As inconvenient to the established Paradigm as “Post Scarcity Economics” would obviously be there have been a wide

variety of projections of the concept.  Below are some suggested links of the many attempts to assert the major premise. 

All obviously call for fundamental definitions of terms such as “What is the standard by which “have ness” is defined & of

course the countless assertions defining “Human Nature” as inherently greedy with human desires unlimited and insatiable

hence never able to be met” et al.   But the time is ripe for new modeling and discussion and even argumentation based on

a serious examination of the basic assumption itself. This rather than the seemingly wide spread default attitude of

dismissing the concept as ipso facto absurd and/or naive thus routinely “overlooking” the possibility of what could well be

the major “Paradigm Shift” in the History of Mankind.  Political and business leaders would understandably have the most

difficulty comprehending the assertion – representing the major beneficiaries of the historically inherited institutional entities

and belief systems.  Indeed in the end they might well represent what amounts to a Modern Day Ancien Regime.  But

intellectuals and the masses of world humanity need not be so restrained as the Increasing awareness of an unavoidable

growing gap between the World’s “Post Scarcity” Capability and its Performance will inevitably create unacceptable Political

instability beyond even that so evident today. HHC

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Some Links: Post Scarcity Economics / Whole Systems:            

R. Buckminster Fuller                                                                                                   World Transformation home page      

The Post-Scarcity Economics/Culture of Abundance Reading List v2.2            

JAMES LOVELOCK AND THE GAIA THEORY                                                      http://www.worldtrans.org/index.html  

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                    Louis O. Kelso and Patricia Hetter Kelso estimates of the relative real inputs to production in the

American economy of Labor (Physical and Intellectual) and Capital over time assuming reasonably competitive

markets.  So ingrained is the “ethic” of the “Labor Theory of Value” that they thought it best to refer to Capital

Owners as “Capital Workers” in keeping with their understanding that Capital instruments do “Work” - as surely

as the most diligent human surrogate worker – and that indeed the observable trend is for Capital Instruments

to do ever more of the Worlds “Work”.  The reflexive prevalent attitude of equating “Economic” man with

Essential Human Values including the whole vast array of values around the “Work Ethic” all contribute to

camouflage and maintain the fundamental miss-match between the way goods and services are produced

and distributed and particularly their trends projected into the future. Cybernetic contributions (now almost

exponential) are only adding to the much longer Historical trend. Represents US Economy but applies to

World trending.  HHC

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Chart of concentration of capital ownership in the U.S. over time.  The same general pattern applies to

virtually all economies of and the World Economy as a whole – Plutocratic ownership and control of the

real means of production.  With “The Labor Theory of Value” it only worsens.  HHC -

Quotes @ www.kelsoinstitute.org

"Conventional wisdom says there is only one way to earn a living, and that's to work. Conventional wisdom effectively

treats capital (land, structures, machines, and the like) as though it were a kind of holy water that, sprinkled on or about

labor, makes it more productive. Thus, if you have a thousand people working in a factory and you increase the design

and power of the machinery so that one hundred men can now do what a thousand did before, conventional wisdom

says, 'Voila! The productivity of the labor has gone up 900 percent!' I say 'hogwash.' All you've done is wipe out 90

percent of the jobs, and even the remaining ten percent are probably sitting around pushing buttons. What the

economy needs is a way of legitimately getting capital ownership  into the hands of the people who now don't have it."

(Louis O. Kelso, Journal Asset Based Finance, 1982)

"The trouble with today's techniques of finance is that they're designed to make the rich richer.  None are designed

to make the poor richer. That's why the poor are poor. Because they're not rich."

(Louis O. Kelso, San Francisco Examiner & Chronicle, 1978)

"The Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on

the other the Christians with all the blood. That's not a level playing field. That's a slaughter. And so is putting people

into the economy without equipping them with capital, while equipping a tiny handful of people with hundreds and

thousands of times more than they can use."

(Louis O. Kelso, Bill Moyers: A World of Ideas, 1990)

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currently informing virtually all National Economies on Planet Earth &  the International System as well.    HHC 

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Humanity's  Current "Fork in the Road"          

After 200,000 years of biological existence Humanity has arrived at a crucial juncture.  On the one hand we possess

weapons, which can obliterate the Species.  On the other - an "Obverse Scenario" might well reveal an unprecedented

capability for providing an ecologically sustainable and increasingly improved level of   "Life Support" for all of

 Humanity.  Two large ideas seem to have been "missed" by the World Intellectual Community, which are worthy of

 consideration in the quest for the Hearts and Minds and perhaps the very Survival of the People of the Planet:    

1.      Humanity's technologically augmented productiveness has offered the Capability to provide "life support"

to increasingly greater percentages of the World population through time.  Serious investigation of the

proposition could provide a measurement of Mankind's store of "Proven" Life Support in a manner 

similar to that used for assessing "Proven" Oil Reserves - a measurement of humanity's  "Proven 'Life

Support Capability.”  Careful measurement would most likely demonstrate that in terms of our collective

Capability,  and within  reasonable,  if debatable,  agreed to definitions of terms,   there have been, for thirty

years or so, more  "Haves" than "Have Nots" !   This for the first time in all of human history. 

R. Buckminster Fuller, with his World Game assertions, attempted such a measurement and concluded

humanity reached and crossed the 50% mark in the year 1970.  This is about the same date we

crossed the threshold of our "Proven" capability to obliterate the species.  Intuition and pragmatic

investigation have lead many, but not enough, to agree both with his monumental broad assertion and the

date he came up with for the Transformation.   If correct it has been realistically appropriate to say

Humanity has existed in a "Post Scarcity" Ontological reality for 33 years.  It is possible to assert that this

change - if true - is one of the most important developments in the evolution of all Biological processes

on this planet!   Consideration of the many interrelated implications it presents is worthy of the highest

priority on the agenda of Intellectual investigation and deserves a "front and center" place in the

World's seriously concerned discussion, study and debate.

(The best source of investigating the proposition remains the writings of Buckminster Fuller and particularly

the findings of his World Game Inventory of World Resources which provides the single best "Systems

Template" for factoring in developments since he authoritatively introduced the concept.   Back of the envelope

calculations including recent near exponentially increasing cybernetic contributions - strongly indicate positive

trends to date.)

GOOD SITE FOR INTRODUCTION TO  R. BUCKMINSTER FULLER:  WWW.BFI.ORG 

2.      The increased productiveness of the World Economy and the "Transcendence of Scarcity" has not been

able to adequately inform pragmatic political and economic thinking largely through the adherence to

outmoded Economic Theory.   The World Economic Model is not based on a workable understanding

of the changed Ontological reality.   It does not, or will not, address the questions involving both

growth and equity required to allow real Systems efficiency in the time ahead.  Currently all "accepted"

economic theory (despite all protestations to the contrary) is predicated on various interpretations of the

"Labor Theory of Value" which dictates  that for the vast majority of the World population an individual's

right to income is predicated on his or her labor (physical and intellectual) contribution to increased

productivity.  Virtually all non-labor aspects of production are owned by a relatively miniscule Plutocratic

class at the very pinnacle of World Society - and their capital assets are increasingly responsible for

actual production gains.  There is no adequate provision for democratizing the access to capital

credit for investment in assets which will pay for themselves out of their future earnings - to the citizenry

of any individual Nation - or to the people of the World.  Under current policy assumptions there is no

way forward toward a workable World Economic Democracy.  Given oncoming massive technological

displacement of labor by capital assets (as Lord Keynes predicted for these very days) Economic Democracy

must be a sine qua non goal of responsible systems analysis.  Anemic, erratic growth rates and

persistent economic underproduction will not allow Humanity to achieve sustainable levels much less

realize it's "‘Proven’ Life Support Capability".  Increasing awareness of an unavoidable growing gap

between the World Economy's Capability and its Performance will inevitably create unacceptable Political

instability beyond even that so evident today.   The World Economic system currently in place must

be seriously challenged by New Theoretical understanding and Economic policy assumptions.   

(The best initial source for effectively arriving at a "Systems" Challenge to the unworkable Economic Status

Quo is the "Outside the Envelope" thinking developed by Louis O. Kelso and Mortimer Adler in their

earlier writings including The Capitalist Manifesto and currently in the pattern presented in the Book by

Robert Ashford and Rodney Shakespeare: "Binary Economics The New Paradigm". 

WEB SITE: WWW.KELSOINSTITUTE.ORG 

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      A Consideration of the Financial Crisis of 2008 & 2009 - Which Continues Lacking a

                                     Meaningful Long Term Comprehensive Solution

 Sunday September 21, 2008

Secretary of the Treasury Paulson has submitted a three page bill to congress aimed at addressing

the current financial crisis.  He and many of the country’s leaders strongly recommend quick

 passage to avoid a disastrous “Melt Down” of the National and World Economy.  A “Once in a Hundred

 Years Event” in the words of Alan Greenspan – and many others.  Its definitely “Paradigm Shifting

 Time” – BIG TIME – here on planet Earth and there are bound to be many variegated reactions to the

 Historical event.

Text of Paulson Plan SATURDAY September 20, 2008

LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS

Section 1. Short Title.

This Act may be cited as ____________________.

Sec. 2. Purchases of Mortgage-Related Assets.

(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;

(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and

(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.

Sec. 3. Considerations.

In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--

(1) providing stability or preventing disruption to the financial markets or banking system; and

(2) protecting the taxpayer.

Sec. 4. Reports to Congress.

Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks there from.

(c) Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

(d) Application of Sunset to Mortgage-Related Assets.- -The authority of the Secretary to hold any mortgage- related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 7. Funding.

For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 9. Termination of Authority.

The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Sec. 11. Credit Reform.

The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.

Sec. 12. Definitions.

For purposes of this section, the following definitions shall apply:

(1) Mortgage-Related Assets.--The term mortgage- related assets means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.

(2) Secretary.--The term Secretary means the Secretary of the Treasury.

There is lot of the “What” addressed in Secretary Paulson’s proposal.  It would seem the United States Government is in the

 process of establishing (belatedly?) what might be seen as a “Re Insuring” role (putting the “Full Faith and Credit” of the

 United Stares Government) behind a seemingly inadequate Commercial Capital Credit Insurance Underwriters - that is an

 Insurance Industry against Business loss – despite all the inventive use of Swaps and Derivatives and related procedures

 by the banking Industry – to deal with the various levels of risk in the Economic order.

Interestingly these were the two aspects of a General Theory Model proposed by Louis O. Kelso and Mortimer Adler in their

 1958 Book “The Capitalist Manifesto” – A precursor document in the foundation of the “Binary Economics” Paradigm.  

 They referred to and  suggested a new institution to be created to be named the “CAPTIAL DIFFUSION  REINSURANCE 

 CORPORATION (CDRC)”.  They suggested this 50 years ago as essential to a ”Systems” approach - as part of an overall

 “Paradigm”.  Unfortunately our leaders have not had the wit, wisdom or understanding (more about that later) to institute a

 “Binary” understanding of Economic reality - hence the current financial crisis.

I would suggest that is what Secretary Paulson is in the beginning process of instituting and - further that the institutional

 arrangement which will emerge out of the current crisis -  could not more appropriately be named than the “Capital

 Diffusion Reinsurance Corporation (CDRC)” right there next to the Federal Reserve Bank (FED) on the “General Theory”

 Chart below.  Better late than never – but 50 years is a mighty long wait – and the battle is still not won and will be fought

 tooth and nail by untold backsliding tendencies. The CDRC perhaps is now coming into being – finally – under dint of sheer

necessity – always a less than optimum circumstance – but encouraging none the less as it could/would perform the much

 needed “Backstop” function in the Economic Order that is  presently needed - and even more significantly perhaps - which

 the future now not only requires but also - newly now - allows.

Here is the General Theory Chart

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But there is not much there in terms in Secretary Paulson’s Proposal as to the “Why” of it all.  It would seem that might be a

 good place for us to begin – at a theoretical level of understanding? What do you think about it all?  Does it matter – the

 Why of it all?  Does the Why of it all have any bearing on the fierce burning immediacy of the present calls to immediate

 action - with such far reaching implications? Avoiding the ultimate questions whose answers are destined to be

 synergistically encompassed – shrouded even - within higher orders of mystery – including the modeling which could

 indicate humanity might well have transcended “Material Scarcity” within the same Yin and Yang recognition of Universe –

 from the modeling - that the technological weapons systems seem to indicate a “totally new” Existentially significant

 “Species Lethal” quality now.  Both are now at the level of capability. But short of all that – in the more “realistic” –

 practical  realm of “Economics” – it would seem  a very important conclusion as to why the CRISIS is summed up by the

 general idea  – “Mankind Has Not Made His Peace With The Machine” or in other words with the Technology.  At a

 economic theoretical level we have been fixated on the “Labor Theory of Value” which informs or even essentially

 underpins virtually all Economic theory  from Smith.,  Ricardo,  Marx,  Marshall,  Keynes, Schumpeter, von Hayek, Mundell

 right up to & including Friedman, are all accepting of - built upon “accepted” Economics – all share the same  myopia.  The

only exception would seem to be Louis O. Kelso – in a time of “Change” which will emerge.

 See: http://en.wikipedia.org/wiki/Labour_theory_of_value

The basic Policy Grounding Statement of the American Economy is “The Employment Act of 1946” - That

will have change within the “Binary Model” which is now emerging.  Good.

See: http://en.wikipedia.org/wiki/Employment_Act_of_1946

Louis O. Kelso and Patricia Hetter Kelso estimates of the relative real inputs to production in the American economy of Labor (Physical and Intellectual) and Capital over time assuming reasonably competitive markets.  So ingrained is the “ethic” of the “Labor Theory of Value” that they thought it best to refer to Capital Owners as “Capital Workers” in keeping with their understanding that Capital instruments do “Work” - as surely as the most diligent human surrogate worker – and that indeed the observable trend is for Capital Instruments to do ever more of the Worlds “Work”.  The reflexive prevalent attitude of equating “Economic” man with Essential Human Values including the whole vast array of values around the “Work Ethic” all contribute to camouflage and maintain the fundamental miss-match between the way goods and services are produced and distributed and particularly their trends projected into the future. Cybernetic contributions (now almost exponential) are only adding to the much longer Historical trend. Represents the US Economy but applies to World trending.  HHC   

Whether income to “The People” will finally or eventually be in keeping with the way goods and services are actually being produced will ultimately be politically decided. But we seem trending in the right direction. Once we get the “Facts” straight we may well be on our way toward  freedom from “Wage Slavery” through “Similfinancing” – both supply and demand in tandem -  moving toward the liberation of the Ecologically sound Human Spirit for concerns with the “Goods of Civilization”  which the future requires AND newly now allows! The time is now – Finally - NOW - to get it right - subsuming not overthrowing History - the way the Future requires !?

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Carbon 60 as the Base of Nanotechnology & Information Beginning? See Reuters piece below

The latter -- also known as “buckyballs” – are C60 molecules discovered serendipitously by a team at Rice University, led by

Dr. Richard Smalley in 1985 (below).  Named after R. Buckminster Fuller, inventor of the geodesic dome (discussed in “the

 “fullerene’s” 60 carbon atoms (!) are arranged spherically, as 12 pentagons and 20 hexagons (below), in the most

 symmetrical molecular form known.

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Reuters Last updated: 11:14 am May 21, 2009  Posted: 2:25 am May 21, 2009

"Five-dimensional" discs with a capacity 10,000 times greater than current DVDs could be on the market within 10 years,

researchers reported yesterday.

A team from Swinburne University of Technology in Australia said in the journal Nature that by harnessing nanoparticles and

 a "polarization" dimension to existing technology, a disc's storage can be massively boosted to hold thousands of feature

 films or millions of songs.

Researchers said the technique allowed them to store 1.6 terabytes of data on a disc with the potential

to one day store up to 10 terabytes.