| Subject: | [socialcredit] Re: Extrapolating A+B Part 1 | | Date: | Tuesday, September 20, 2005 15:58:30 (+0100) | | From: | chris cook <cojock @.......com>
|
William
I doubt whether I am up to to the intellectual challenge of debating logical
paradoxes: I get dizzy when we get into abstracts - give me practical
situations any day!
>"...when credit institutions create money through a loan, they do not
>create the money necessary >to repay the interest on that loan."
I know exactly where you are coming from, and the problem lies in the
assumptions - I think we are into epistemology and metaphysics here.
The early part of
http://www.opencapital.net/papers/ifnotglobal.htm
was my untutored attempt to wrestle with these matters.
My thesis is that Money exists only in the moment of exchange of "Value"
(which is undefinable, but which one might think of as "Money's worth").
Another way of looking at it is that Money is "Dynamic Value" ie it exists
only in motion. That was E C Riegel's hypothesis: "cash flow" gives the
flavour of it.
All else is "Static Value" or "Capital" and is recorded in a sort of
"meta-ledger" ie the sum total of all accounting entries everywhere
documenting:
(a) "Permanent" or "Fixed" Capital (ie who "OWNS" or has rights of use in
what) - "Equity";
(b) Temporary or "Working" Capital - ie who OWES what, to whom and for what
period ie debt or credit.
What we think of of Money is in fact the data flying about within this
metaledger/Clearing Network by reference to a Value unit.
So when we have a monetary system based upon Credit as an Object (which is
what Central Bank IOU's are) then we get into the same pickle as you
correctly observe as analogous to Zeno's Paradox. In fact I believe that
Money AND Property are both relationships between a Subject and Object. And
that Bank-created Money is not Value but "anti-Value" ie a claim over Value.
I believe that the answer lies in the same zone as Quantum Mechanics. What I
call "Open Capital" - where the Capital User pays a "Capital Rental"
consisting of a revenue share FOR AS LONG AS HE USES THE CAPITAL (ie an
indefinite or uncertain period) - is an entirely new phenomenon which
transcends the assumptions underpinning all existing economic models
(including those of Social Credit) which are all based upon Absolutes in
terms of ownership and use.
I do not pretend I have got all the answers - it will take better minds than
mine to provide them. But I believe that I have identified something new -
and I mean new. The values underpinning Social Credit are consistent with
the practical solutions I am working to introduce - rationalising as I go!
Where I differ from you - I think! - is probably the role of the State. To
me the State of the future will be a "Corporate Partnership" within which
every individual is a sovereign member. Not a State constituted as a
separate entity: but that is another debate.......
Best Regards
Chris Cook
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Re: Extrapolating 
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