| Subject: | [socialcredit] Re: OK guys, any chance of helping to answer some questions here, please?! Regards Ekky | | Date: | Friday, May 20, 2005 08:24:18 (+0000) | | From: | Walt.p <Walt.p @....fr>
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Lowell Manning <manning@kapiti.co.nz> wrote
> Then the US uses the Yen to buy more Japanese goods, perpetuating the trade imbalance.
> The Yen finish up back in Japan, which would be seriously inflationary except the Japanese seem to have been using the Yen ( like a trillion dollars US or more of them) to retire private/household debt, returning the monetary system to the status quo. All that has happened over the past 10 years is that private debt has been replaced by an equal amount of public debt! That's why the Japanese economy has remained moribund for so long. And there will literally be hell to pay in the public sector if interest rates ever rise substantially in Japan.
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What I think is interesting is this, if you follow the reasoning, the systems
available to us are:
I. BARTER
II THE IOU SYSTEM
1. COMMODITY BACKED MONEY
i.e. an IOU for gold (essentially a barter system)
2. CREDIT BACKED MONEY
Money is Lent into existence
III. SYMBOLIC or TOKEN MONEY
ie. sea shells, beads, rocks
Token money (unrelated shells, rocks, beads) have been used by tribal peoples
for hundreds or thousands of years. However, for a token system to work fairly
and equitably it requires a total, utter and scrupulous top-to-bottom honesty.
The token system has worked well ONLY in communities where TRUST is a paramount
virtue and self-interest is absent from the entire community. ALL token systems
have been destroyed when self-interested people were permitted into the system.
But now, what we have here is the International Money Guys turning Credit Money
(a system with few redeeming qualities) into Token money. This is not a good
sign.
Walt
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Re: OK guys, any c
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