| Subject: | [socialcredit] Re: Wally quoting Douglas | | Date: | Tuesday, July 27, 2004 07:27:44 (-0700) | | From: | william_b_ryan <william_b_ryan @.....com>
|
"All costs go into the price the public pays for its
goods, and consequently, when depositor No. 10 repays
his banker with 102 pounds obtained from the public
in exchange for his goods, and THE BANKER, AFTER
PLACING 2 POUNDS, ORIGINALLY CREATED BY HIMSELF, TO
HIS PROFIT AND LOSS ACCOUNT..."
Notice that Douglas does not say the interest is
abstracted from the economy. It is transferred from
depositor No. 10's personal checking account to the
banker's personal checking account in payment for
services rendered.
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