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Dear Peter,
[Peter H] If a S.C.er calls fractional
reserve banking a curse, how is that promoting Fr.Re.
banking?
For me, fractional reserve
banking is the ability to print (create) money out of thin
air.
[Peter H] If you have no knowledge of SC dont make
judgements that contradict the truth, as that simply debases your own beliefs
when you try to promote them.
Perhaps I don't fully
understand Social Credit. This is why I am on this mailing
list.
From what Kenneth Palmerton wrote:
This side of the pond we have an institution called the
National Physical Laboratory. This body has been charged by the State for some
time to decide the nature and dimensions of our measurements of weight and
length. No one, to my knowledge, questions their conclusions.
So why
should it be difficult for a similar institution to tell us the amount of
money we need in circulation at any particular Time ?
Changing the "amount of money in
circulation in any particular time" is the ability to print money. This is
what I call fraud. Printing money is fraud. If I were to print
money, I would be put to jail. Having a group of politicians or
bankers doing it is no different.
Having a National Physical Laboratory is a
good thing to determine standards. Let's imagine the National
Physical Laboratory would tweak the weight and length by changing the
number ounces in a pound or the number inches in a foot, or some
other clever mechanism. Some individuals closely linked National Physical
Laboratory would benefit greatly to have certain values tweaked to their
advantages when writing bidding contracts and other business
activities.
I am certain the population would question the
soundness of the National Physical Laboratory in such scenario. Having an
institution to determine the amount of money needed in circulation at any
particular time is the same thing. Besides, there is already such an
intuition: it is called a Central Bank or a Federal Reserve
System.
[Peter H] Look at the fruit ( policy) and you see the tree (
philosophy).
I would write: Look at the fruit (end result)
and you see the tree (policy). I "policy" is not a fruit, but a tool to
produce results and/or products (fruits).
Sincerely,
-- Dan Morin.
> -----Original Message-----
> From: cymric@xtra.co.nz
[mailto:cymric@xtra.co.nz]
> Sent:
Sunday, July 31, 2005 5:44 PM
> To: socialcredit@elistas.com
>
Subject: Re: RE: [socialcredit] Solomon Islands from Electronz - To
>
Kenneth Palmerton
>
>
> Howdy Dan,
> If a S.C.er calls
fractional reserve banking a curse, how is that
> promoting Fr.Re.
banking?
> S.C. doesnt take away the power of controlling the volumn
of
> credit nor its cancellation from the banks and give it to the
>
government either. If you have no knowledge of SC dont make
>
judgements that contradict the truth, as that simply debases your
> own
beliefs when you try to promote them.
> Your motives in what you seek and
ends are the same os ours, but
> as can be seen there are many different
perspectives about what
> the core of the problems are and also therefore
different focus
> points that form the starting points of trying to deal
to them.
> In SC the gold is the people in freedom. Our philosophy
is based
> on tangible, animate entities know as the individual
humans
> living in society in such a way that society is organic not
an
> organisation. Tangible inanimate substances like gold
cannot
> rule over the above. The fractional reserve banking system
is a
> sibling of the gold system before it, same traits as its
dad.
> Someone claimed on a forum recently that at the conclusion
of
> World War 11 that the debt of the US was greater than all the
>
known gold reserves. We are for a sound social organic democracy,
> not a
sound gold money system.
> We start from opposite ends. We
effectively lay the
> constitutional foundation first upon which a money
system is
> designed to fulfill the policy of our philosophy.
> Von
Mises comes the opposite way. He designs a money system upon
> which
it is presumed the good life will follow. THats where most
> people
struggle to appreciate what SC is really about because
> they have the
same Von Mises disposition that if you have a 'good
> financial/ economic
system'the good life should atomatically
> follow.I guess you read the
article on the Von Mises site about
> Nixon. That shows you clearly
how people are deceived because
> they dont appreciate that all policy
follow from the philosophy,
> hidden or in plane site.
> American
Republicans believe they have sound based policy and
> Bush today is
carrying out Democrat poliy just as the articles
> showed Nixon was doing
it and in fact it started around the First
> World War. No
philosophical rudder the boat will go where those
> who have one take it
for you.
>
> The matter Ken P raised about the Liberals is related
to the
> Nixon article. The British Fabians, the International
Socialits
> home base, is the author of
> what has happened in
politics in the US, well covered by Dr John
> Coleman in a book called One
World Order. The Liberals are
> merely the slower route to socialism
and their strategic policy
> for progrees in the US was creeping
parallysis - liberalism,
> particularly inside the Republicans and its
christian influence.
>
> To get an insite into how deep these people
go, the free market
> is also linked to the Fabian International
Socialist, from
> Friedman a Hayek disciple, back through Hayek of the
London
> School of Economics ( Fabian) who next went to Chicago
School
> which led the ideological charge into free market revolution,
but
> prior to all that Hayek worked with Von Mises! And I know
that
> Mises converts hate socialism. Look at the fruit ( policy)
and
> you see the tree ( philosophy). "There is nothing hid that
wont
> be revealed" - Jesus of Nazareth.
>
> Peter
H
>
>
>
>
> "Daniel Morin"
<dan@danmorin.com> wrote:
> >
> > Dear Peter,
>
> > There is no common ground between Douglas and Von Mises
> >
> outside the recognition of the fractional reserve banking
> > >
system as being a curse on mankind.
> >
> > So why promoting
fractional reserve banking? I believe fractional
> reserve
>
> banking is fraud. Some individuals believe politicians should
control
> the
> > money supply instead of the banks.
Instead of having a "Federal Bank"
> (or
> > "Federal Reserve")
would have a "Federal Government" printing money.
> That
> >
would be the same, at best. Politicians are much more
short-sighted
> than
> > bankers, and would cause havoc in the
economy by printing excessive
> money.
> > The solution is to
have a stable money supply, something that cannot be
> > created out of
thin air. Gold is a good candidate for sound money.
> >
>
> Sincerely,
> | 
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