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Messages from 2821 to 2880
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| Subject: | RE: [socialcredit] Re: Extrapolating A+B Part 1 | | Date: | Monday, September 19, 2005 20:44:11 (+0000) | | From: | John G Rawson <johngrawson @.......com>
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| In reply to: | Message 2838 (written by cymric) |
For Heaven's sake, why not keep it simple?
Like any other business, banks reinvest some of their earnings, which portion
is not directly paid out to shareholders etc. but charged into two cycles of
business.
John R.
From: cymric@xtra.co.nz
Reply-To: socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: [socialcredit] Re: Extrapolating A+B Part
1
Date: 19 Sep 2005 21:27:10 +0200
>Wiliam demanded ans answer from Marc:
>"If
banks recieve interest from the public and pay interest to the public as well as
paying ordinary business expenses and dividends to the public, please explain why
interest should cause debt to polarize- why the Banks in the aggregate becoming
net creditor, and the public net debtor."
>
>Firstly the level or volumn of
saving today compared to the level or volumn or borrowing is so grossly in
contrast it is non-sense to talk like this.
>The Bank charges are besides
interest and not mentioned, they are increased from time to time in such
increases that makes inflation look like a snail, not to mention
the huge reduction in staff by banks in recent times.
>
>Interest over time
makes the otherwise finished price up to many times it original. That interest
has to be created by borrowing so the debt load increases over time exponentially
not only to keep on paying over the same items but to replace the money it sucks
out of the future cycles of the economy- paying for the past by future earnings
is not consistent with a balanced system as alleged by William.
>While this
dynamic has the economy carrying a paracite the economy goes into recessions and
back to booms, effected by prices and markets responding to negatives of mankind
and nature that add to the gauntlet while the banking dynamic like rust never
sleeps twenty four hours a day seven days a week.
>While the inflation it
generates helps over time to clear the debt ( keeps the host going for the
paracite) it
also reduces the value of the 'currency'and if the system is so self balancing
and an even deal then the currency shouldnt be
>devaluing over time either.
>The
banks dividends are not a national dividend and comes back after the damage and
doesnt compensate it.
>Peter H
>
>
>"William B. Ryan" <w_b_ryan@yahoo.com>
wrote:
> >
> > "The function that makes the inactive depositors
> > account balance
grow as you describe is the same
> > function that makes the balance of a debt
grow..."
>
>---------------------------------------------------------------------
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