| Subject: | [socialcredit] Re: Flux - Efflux - Reflux | | Date: | , August 23, 2005 11:08:32 (+0200) | | From: | cymric <cymric @.......nz>
|
Howdy William,
The comments made you have taken exception to were essentually about a bank
which creates money not any financial institution which may lend money but not
create it. Plus the fact that when one obtains a loan from the bank it always
clearly states the interest rate regime, rather than a fee of some kind.
You said "The exponential formula is irrelevant to the concept of interest in
the modern creditary economy". So what? You surely dont expect it to be
acknowledged do you?
Can you provide any quote from Douglas that indicates he thought it was
irrelevant?
Also any quote that he looked at finance and economics through the propoganda of
the current systems and modelled his conceptions on them, as you have?
Can you provide any quote also that shows he accepted that banks should continue
to create ( monopolise) the communities credit, as you infer they should?
Also please provide any quote from Douglas that infers that the National
Dividend will counter the effects of the exponential growth of debt as you
suggest it should.
Peter H
"William B. Ryan" <w_b_ryan@yahoo.com> wrote:
>
> I'll respond once again to this rather ignorant flat
> earth theory with some brief comments inserted into
> the text below:-
|
Re: Flux - Efflux 
Reply to this message