Publisher's Synopsis
Beginning with a few prerequisite comprehensions, it presents a complete paradigm to explain what Economic Depressions are. Which is currently unknown to professional Economists. It makes absolute predictions, some of which have already occurred. It explains what we can know absolutely and what we can't, based on fundamental engineering principles. It also explains what we can do about it. Originally we built our Monetary System to track the Economy. But we incorporated a second Function in our Monetary System. Legislated Monetary Policy allowed and promoted the Private Sector to create ever more Money, in the form of Credit and Asset Valuation. Trapping Central Bank Monetary Policy into supporting Monetary Inflation by the Private Sector. That second Function is a Bi-modal Positive Feedback Function between the two types of Money. ( Credit and Asset Valuation ) It took off for its own sake, to become the Primary Function of our Monetary System. Employing People to build ever more Monetary Machinery to breed ever more Money. That 2nd Function, which I call The Monetary Progression, has 2 operational modes. The Function can continue to infinity, but the Implementation of it can't. At which point it reverses operational direction toward minus infinity. Which it did in early 2007, signaling the beginning of the next Depression. If you build a System which performs the Monetary Progression Function, it will perform the Monetary Progression Function. It's that simple. If we know what the primary top level Function a System is built to do, we can know Absolutely what it will do, before it does it. Though we can't know how accurately or how fast the Implementation will do it. We have been watching and measuring the compliance of the Implementation do it. It doesn't matter if you build a Machine out of Lehman Brothers, Electronic Vacuum Tubes, or Tinkertoys. All Systems do what they are built to do.
