|
Message 1088
|
|
< Previous | Next >
|
|
|
| Subject: | Re: [socialcredit] Re the "Guernsey Experiment" -- Wally | | Date: | Wednesday, April 27, 2005 14:23:00 (+0100) | | From: | Kenneth Palmerton <kenpalmerton @................uk>
|
In-Reply-To: <001b01c54b02$e5aaf010$6400a8c0@cdv73pbgpo6eny>
Dear Wally.
Though I, as a Channel Islander myself will be fascinated to hear what
your Island bureaucrat has to say to you on the subject of Island
finance, I would warn you not to hold your breath :-)
My own experience in trying to get up to date information on this issue
leads me to believe that there is NO ONE in States departments who either
understands what you speak of, they are all orthodox mainland trained bank
wonks, or who know anything about the history of why the islands have
remained debt free for so long. Like many hundreds of years.
That is obvious to me from the Edwards report.
The influx of international banks in the last generation do not explain
this. They have come to take advantage of the situation, not create one.
Speculating about the reasons for this leads me to believe that the
administrations are under intense pressure from more central interests to
either conform to "acceptable norms"of banking practice, or to shut up
about what some of the political groupings on the islands refuse to give
up.
The result is that I think you will get nothing that you will find either
illuminating or satisfying by that route.
Pity.
Ken.
|
Re: [socialcredit]
Reply to this message