| Subject: | [socialcredit] Hollow Earth Society | | Date: | Tuesday, August 23, 2005 07:46:45 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
| In reply to: | Message 2539 (written by Kenneth Palmerton) |
Among the people in the world who are actually
interested in discussing the theory of C. H. Douglas,
it's obvious from this you are not one of them.
Perhaps I should refer you to the discussion list for
the Flat Earth Society; or better still, the Hollow
Earth Society. The Geocentric Society I'm afraid is
above your ability to comprehend quotient.
I'll insert brief replies below:-
---------------------
"Firstly the creditworthiness that the bankers are
monetising is not their own creditworthiness, but the
creditworthiness of the consumer."
------------------------
-------------------------
[reply] They do that by substituting their own
generally recognizable and accepted creditary
instruments in the form of fungible deposit
liabilities for the promissory notes of individual
entrepreneurs, consumers, etc.
-----------
"Secondly they take to themselves the function that
should be in the hands of the community themselves.
That is the creation and circulation of a medium of
exchange."
------------------------
-------------------------
[reply] The are agents for the community performing an
essential public function, and should be required to
conduct themselves as such. As to money being the
"medium of exchange," I posted recently a lengthy
excerpt from Douglas' 1934 presentation to the Alberta
legislature disputing that very notion. It is the
difference between the modern perspective and the
geocentric perspective.
-----------
"In creating the capital sum they fail to create also
the means to pay the usury. This leads inevitably to
the necessity for there to be further borrowers to
enable that first sum of usury to be repaid. The
result is inevitable unrepayable indebtedness."
------------------------
-------------------------
[reply] Yes, the brilliant debt virus hypothesis,
which certainly does qualify you for membership in the
Flat Earth Society--no, wait--the Hollow Earth
Society. You're disqualified for the Geocentric
Society.
In the Douglas theory, "inevitable unrepayable
indebtedness" is explained through the A+B theorem.
-----------
"This is their Third usurpation."
------------------------
-------------------------
[reply] What has been usurped are your brain cells,
your ability to think independently on your own
volition. You read something somewhere that seemed to
make sense, and it's captured your mind. You're too
stubborn to consider alternative hypotheses.
-
--- Kenneth Palmerton
<kenpalmerton@cix.compulink.co.uk> wrote:
Whoever this apologist for the usurious fractional
reserve banking system is, they should be shown up for
what they are, the vassals of the slave masters.
Firstly the creditworthiness that the bankers are
monetising is not their own creditworthiness, but the
creditworthiness of the consumer.
This is their first usurpation.
Secondly they take to themselves the function that
should be in the hands of the community themselves.
That is the creation and circulation of a medium of
exchange.
That is their second usurpation.
Thirdly. In creating the capital sum they fail to
create also the means to pay the usury. This leads
inevitably to the necessity for there to be further
borrowers to enable that first sum of usury to be
repaid. The result is inevitable unrepayable
indebtedness.
-
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