| Subject: | Re: [socialcredit] insurance premium? | | Date: | Saturday, August 27, 2005 01:00:23 (-0700) | | From: | Joe Thomson <thomsonhiyu @....ca>
|
(Ken wrote:-) As you so clearly say Joe, they are gamblers all.
> But why do we persist in their lie that what we are talking about is
> "Credit"?
> It should be called what it is, DEBT :-(((
(Joe replies:-) Because it is ''Credit'', Ken. "The BELIEF in the
beneficial outcome of some line of action", as Douglas described it. It's
what the 'borrower' has before he borrows, or he wouldn't indebt himself.
It's what his Banker has to have before he will lend. Both parties to the
transaction BELIEVE there will be a beneficial outcome from their
association.
>
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