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Re: [socialcredit] cymric
Re: Extrapolating William
Re: [ijccr] Re: Ex Leonardo
Re: [socialcredit] Joe Thom
Re: [socialcredit] cymric
Solomon Islands Triumpho
Re: [socialcredit] Joe Thom
Re: [socialcredit] Per Almg
Re: Extrapolating William
Re: Extrapolating William
Re: Extrapolating William
Social Credit Mate Eric Enc
Re: Extrapolating cymric
Re: Extrapolating cymric
RE: [socialcredit] Henry Ra
Re: Extrapolating William
Re: [socialcredit] Wallace
Re: [socialcredit] cymric
Replying to Peter: William
Re: [ijccr] Re: Ex Marc Gau
Re: [socialcredit] Joe Thom
Re: Replying to Ma William
Thank you, etc. Eric Enc
Re: Replying to Pe cymric
Re: [socialcredit] Marc Gau
Re: [socialcredit] Marc Gau
The Dance of the C William
Re: [socialcredit] Joe Thom
Re: [socialcredit] Marc Gau
Re: [socialcredit] Martin H
Re: [socialcredit] Joe Thom
Re: [socialcredit]  
Re: Extrapolating William
Re: The Dance of t cymric
Replying to Martin William
Re: [socialcredit] Marc Gau
Re: [socialcredit] Jim
Re: [socialcredit] Joe Thom
Replying to Peter- William
Replying to Jim--T William
Replying to Joe--E William
Re: [socialcredit] cymric
Re: [socialcredit] Keith Wi
Re: [socialcredit] Joe Thom
Re: [socialcredit] Jock Coa
Re: [socialcredit] Wallace
Re: [socialcredit] Jim
Re: Replying to Pe cymric
Re: [socialcredit] Joe Thom
Re: [socialcredit] William
Re: [socialcredit] William
Re: [socialcredit] wesburt
Re: [socialcredit] cymric
Re: [socialcredit] Jim
Re: [socialcredit] cymric
The condition for Per Almg
Re: [socialcredit] Marc Gau
Part 2: Extrapolat William
Re: [socialcredit] William
Per's A+B Triumpho
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Subject:Re: [socialcredit] Re: [ijccr] Re: Extrapolating A+B Part 1
Date:Tuesday, September 27, 2005  22:24:39 (-0600)
From:Martin Hattersley <hattersleyjm @.........com>

The point is, that Douglas's A+B theorem deals with principal, not interest, and
shows a deficiency of purchasing power in the hands of consumers quite apart from
anything to do with the interest rate charged. If interest on capital were zero,
the deficiency of purchasing power would still exist wherever capital formation
is financed by new bank credit. 
 
Martin Hattersley 
1970-10123-99 St.,  
EDMONTON AB CANADA 
e-mail: hattersleyjm@interbaun.com 
  ----- Original Message -----  
  From: Marc Gauvin  
  To: socialcredit@elistas.com  
  Sent: Monday, September 26, 2005 8:21 AM 
  Subject: Re: [socialcredit] Re: [ijccr] Re: Extrapolating A+B Part 1 
 
 
  Disagree all you want but the truth of the matter is that Banks do not spend
back the money they earn fast enough to compensate for the difference between the
demand created by principal + interest and the correspondng amount of money in
circulation.  What is possible is that the payment schedules are calculated in
such a way that what is demanded is available given a constant growth in lending.
However this is truly unrealistic because in real life such would assume a
perfect concert in lending between all banks.  In any event when the volume of
lending slows, the timing required in schedules are affected with a tendency to
manifest a deficit of money leading to a spike of debt failure. 
 
  To say that this has nothing to do with A + B when prices of goods have
everything to do with A + B and credit availability and minimum price thresholds
have everything to do with outstanding liability per economic cycle, is to have a
very narrow vision of reality and of Douglas. 
 
  Marc 
    ----- Original Message -----  
    From: Martin Hattersley  
    To: socialcredit@elistas.com  
    Sent: Saturday, September 24, 2005 8:50 PM 
    Subject: Re: [socialcredit] Re: [ijccr] Re: Extrapolating A+B Part 1 
 
 
    I rather disagree with you.  
 
    As Governor of the Bank of Canada Graham Towers once said "A Bank
manufactures credit, just as a steel plant manufactures steel". 
 
    The difference is that, because bank credit is in a sense "pretend" money,
it cannot be given away, only rented out, so that the Bank charges for printing
the tickets, and the community works to put on the performance. 
 
    The idea that the "gap" between purchasing power and prices has anything to
do with bank interest is a red herring that has confused explanations of Social
Credit endlessly, including on this list. There are moral reasons for saying
usury is wrong, but they have nothing to do with Douglas's A+B analysis, which
deals with principal, not interest. 
 
    Martin Hattersley 
    1970-10123-99 St.,  
    EDMONTON AB CANADA 
    e-mail: hattersleyjm@interbaun.com 
      ----- Original Message -----  
      From: Marc Gauvin  
      To: ijccr@yahoogroups.com ; socialcredit@elistas.com ; William B. Ryan  
      Sent: Saturday, September 24, 2005 9:12 AM 
      Subject: [socialcredit] Re: [ijccr] Re: Extrapolating A+B Part 1 
 
 
        But the banks do not spend back 100% of the money they take in,
therefore they do not compensate fully for the difference in the spread between
the +ve feedback on loans and the +ve feedback on deposits.  the interest
function continues to make money scarcer than the aggregate demand in the form of
debt. 
 
        Banking taken as a business is unlike any other business and interest is
unlike any other "price" on any other good in society.  Banking is power under
the guise of being a business and the banking sector shows this in being the only
sector that in the aggregate thrives both during economic crisis and economic
boom.  It is the only oligarchy that doesn't require ownership of a unique
resource to establish itself, it is an oligarchy that establishes itself by
making a concept i.e. promissory notes a scarce commodity.  It does so through
the combination of a unique recipe where layman ignorance, circumstance,
psychology, hope, desire, honour and fear are combined with social convention in
a dynamic that transcends the grasp of most of their fellow human beings.  
 
        The banking system is one that starts the cycle of damage while
monopolizing the means to address suffering.  The banking system is scourge the
result of a tremendous error in history the error of applying exponential control
loops as a control of a complex system.  It was initiated when the potential to
grow out and beyond the limits of its unjust demands existed and when the
consequences of exponential control loops where not known.  We are now in an age
where systems theory has developed to the point that banking systems and their
faulty design represent elementary examples of folly.  
 
        What is not simple and herein lies the challenge, is the tremendous
psychological hold exponential debt money has once it has become as ingrained and
fundamental part of the workings of all aspects of society. Nonetheless, the
cause of the nightmare remains deceptively simple. 
 
        Interest is +ve feedback and it affects our behaviour in a destabilizing
way and if we do not free ourselves of it we are likely not going to survive. 
 
        Best, 
 
        Marc 
 
        ----- Original Message -----  
        From: William B. Ryan  
        To: ijccr@yahoogroups.com ; socialcredit@elistas.com  
        Sent: Monday, September 19, 2005 6:11 PM 
        Subject: [ijccr] Re: Extrapolating A+B Part 1 
 
 
        "But the interest paid by the banks is much less than 
        that exacted on loans..." 
        ------------------------ 
        -------------------------- 
 
        It is less but there are also ordinary business 
        disbursements from banks for salaries, utilities, etc. 
        plus dividends to stockholders.  Net interest received 
        is merely the gross profit from which expenses are 
        deducted. 
        - 
 
        "...and you have not accounted for the fact that 
        lending is the only source of new money to pay 
        yesterday's interest." 
        ------------------------ 
        -------------------------- 
 
        It is also the "only source of new money" to pay 
        yesterday's phone bill, yesterday's utility bill, and 
        yesterday's wage bill. 
 
        The flux and reflux of loan principal is something 
        different than transfer payments from one party to 
        another in ordinary transactions; they are 
        conceptually in different categories. 
 
        The banker as businessman is in the second category 
        when he receives interest or makes payments from his 
        income; he keeps his books like any other businessman 
        and must cover his checks while operating his business 
        with the intention of making a profit, like any other 
        businessman. 
 
        The socialist is dead wrong but less wrong than the 
        tunnel-visioned monetary reformer; he sees the problem 
        in profit, the "evil" to be eradicated. 
 
        M -> C -> M + P; his version of the paradox is posed 
        thusly: If the capitalist spends M with the intention 
        of getting back M + P, from where does P arise? 
 
        His more generally stated but only slightly less 
        simplistic solution: Abolish profit. 
 
        The socialist expresses his utter contempt for the 
        monetary reformer who says abolish interest only, for 
        the socialist more correctly recognizes, if only 
        slightly, that interest is merely a subcategory of 
        profit. 
 
        In either case, the "solution" is the spanner in the 
        works of the market economy. 
 
        And with the spanner goes the hope for economic 
        democracy. 
        - 
 
 
 
 
 
 
 
        --- Marc Gauvin <gauvin@wanadoo.es> wrote: 
 
        William, 
 
        But the interest paid by the banks is much less than 
        that exacted on loans and you have not accounted for 
        the fact that lending is the only source of new money 
        to pay yesterday's interest. 
 
        Best, 
 
        Marc 
 
 
                     
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        Yahoo! Mail - PC Magazine Editors' Choice 2005  
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<DIV><FONT size=2>The point is, that Douglas's A+B theorem deals with principal,

not interest, and shows a deficiency of purchasing power in the hands of  
consumers quite apart from anything to do with the interest rate charged. If  
interest on capital were zero, the deficiency of purchasing power would still  
exist wherever capital formation is financed by new bank credit.</FONT></DIV> 
<DIV><FONT size=2></FONT> </DIV> 
<DIV><FONT size=2>Martin Hattersley<BR>1970-10123-99 St., <BR>EDMONTON AB  
CANADA<BR>e-mail: <A  
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></FONT></DIV>

<BLOCKQUOTE  
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px"> 
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> 
  <DIV  
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 

  <A title=gauvin@wanadoo.es href="mailto:gauvin@wanadoo.es">Marc Gauvin</A>  
  </DIV> 
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=socialcredit@elistas.com  
  href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> </DIV> 
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, September 26, 2005 8:21  
  AM</DIV> 
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Re: [ijccr]  
  Re: Extrapolating A+B Part 1</DIV> 
  <DIV><BR></DIV> 
  <DIV><FONT face=Arial size=2>Disagree all you want but the truth of the matter

  is that Banks do not spend back the money they earn fast enough to compensate 

  for the difference between the demand created by principal + interest and the 

  correspondng amount of money in circulation.  What is possible is that  
  the payment schedules are calculated in such a way that what is demanded is  
  available given a constant growth in lending. However this is truly  
  unrealistic because in real life such would assume a perfect concert in  
  lending between all banks.  In any event when the volume of lending  
  slows, the timing required in schedules are affected with a tendency to  
  manifest a deficit of money leading to a spike of debt failure.</FONT></DIV> 
  <DIV><FONT face=Arial size=2></FONT> </DIV> 
  <DIV><FONT face=Arial size=2>To say that this has nothing to do with A + B  
  when prices of goods have everything to do with A + B and credit availability 

  and minimum price thresholds have everything to do with outstanding liability 

  per economic cycle, is to have a very narrow vision of reality and of  
  Douglas.</FONT></DIV> 
  <DIV><FONT face=Arial size=2></FONT> </DIV> 
  <DIV><FONT face=Arial size=2>Marc</FONT></DIV> 
  <BLOCKQUOTE  
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px"> 
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> 
    <DIV  
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color:
black"><B>From:</B>  
    <A title=hattersleyjm@interbaun.com  
    href="mailto:hattersleyjm@interbaun.com">Martin Hattersley</A> </DIV> 
    <DIV style="FONT: 10pt arial"><B>To:</B> <A title=socialcredit@elistas.com  
    href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> </DIV> 
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, September 24, 2005 8:50

    PM</DIV> 
    <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Re: [ijccr]

    Re: Extrapolating A+B Part 1</DIV> 
    <DIV><BR></DIV> 
    <DIV><FONT size=2>I rather disagree with you. </FONT></DIV> 
    <DIV><FONT size=2></FONT> </DIV> 
    <DIV><FONT size=2>As Governor of the Bank of Canada Graham Towers once said 

    "A Bank manufactures credit, just as a steel plant manufactures  
    steel".</FONT></DIV> 
    <DIV><FONT size=2></FONT> </DIV> 
    <DIV><FONT size=2>The difference is that, because bank credit is in a sense 

    "pretend" money, it cannot be given away, only rented out, so that the Bank 

    charges for printing the tickets, and the community works to put on the  
    performance.</FONT></DIV> 
    <DIV><FONT size=2></FONT> </DIV> 
    <DIV><FONT size=2>The idea that the "gap" between purchasing power and  
    prices has anything to do with bank interest is a red herring that has  
    confused explanations of Social Credit endlessly, including on this list.  
    There are moral reasons for saying usury is wrong, but they have nothing to 

    do with Douglas's A+B analysis, which deals with principal, not  
    interest.</FONT></DIV> 
    <DIV><FONT size=2></FONT> </DIV> 
    <DIV><FONT size=2>Martin Hattersley<BR>1970-10123-99 St., <BR>EDMONTON AB  
    CANADA<BR>e-mail: <A  
   
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></FONT></DIV>

    <BLOCKQUOTE  
    style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px"> 
      <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> 
      <DIV  
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color:
black"><B>From:</B>  
      <A title=gauvin@wanadoo.es href="mailto:gauvin@wanadoo.es">Marc Gauvin</A>

      </DIV> 
      <DIV style="FONT: 10pt arial"><B>To:</B> <A title=ijccr@yahoogroups.com  
      href="mailto:ijccr@yahoogroups.com">ijccr@yahoogroups.com</A> ; <A  
      title=socialcredit@elistas.com  
      href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> ; <A  
      title=w_b_ryan@yahoo.com href="mailto:w_b_ryan@yahoo.com">William B.  
      Ryan</A> </DIV> 
      <DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, September 24, 2005  
      9:12 AM</DIV> 
      <DIV style="FONT: 10pt arial"><B>Subject:</B> [socialcredit] Re: [ijccr]  
      Re: Extrapolating A+B Part 1</DIV> 
      <DIV><BR></DIV> 
      <BLOCKQUOTE  
      style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px;
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> 
        <DIV style="FONT: 10pt arial">But the banks do not spend back 100% of  
        the money they take in, therefore they do not compensate fully for the  
        difference in the spread between the +ve feedback on loans and the +ve  
        feedback on deposits.  the interest function continues to make  
        money scarcer than the aggregate demand in the form of debt.</DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">Banking taken as a business is unlike any 

        other business and interest is unlike any other "price" on any other  
        good in society.  Banking is power under the guise of being  
        a business and the banking sector shows this in being the only  
        sector that in the aggregate thrives both during economic crisis and  
        economic boom.  It is the only oligarchy that doesn't require  
        ownership of a unique resource to establish itself, it is an oligarchy  
        that establishes itself by making a concept i.e. promissory notes a  
        scarce commodity.  It does so through the combination of a unique  
        recipe where layman ignorance, circumstance, psychology, hope,  
        desire, honour and fear are combined with social convention in a dynamic

        that transcends the grasp of most of their fellow human  
        beings. </DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">The banking system is one that starts the 

        cycle of damage while monopolizing the means to address suffering.   
        The banking system is scourge the result of a tremendous error in  
        history the error of applying exponential control loops as a control of 

        a complex system.  It was initiated when the potential to grow out  
        and beyond the limits of its unjust demands existed and when the  
        consequences of exponential control loops where not known.  We are  
        now in an age where systems theory has developed to the point that  
        banking systems and their faulty design represent elementary examples of

        folly. </DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">What is not simple and herein lies the  
        challenge, is the tremendous psychological hold exponential debt money  
        has once it has become as ingrained and fundamental part of the workings

        of all aspects of society. Nonetheless, the cause of the nightmare  
        remains deceptively simple.</DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">Interest is +ve feedback and it affects  
        our behaviour in a destabilizing way and if we do not free ourselves of 

        it we are likely not going to survive.</DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">Best,</DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">Marc</DIV> 
        <DIV style="FONT: 10pt arial"> </DIV> 
        <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> 
        <DIV  
        style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color:
black"><B>From:</B>  
        <A title=w_b_ryan@yahoo.com href="mailto:w_b_ryan@yahoo.com">William B. 

        Ryan</A> </DIV> 
        <DIV style="FONT: 10pt arial"><B>To:</B> <A title=ijccr@yahoogroups.com 

        href="mailto:ijccr@yahoogroups.com">ijccr@yahoogroups.com</A> ; <A  
        title=socialcredit@elistas.com  
        href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A>  
        </DIV> 
        <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, September 19, 2005  
        6:11 PM</DIV> 
        <DIV style="FONT: 10pt arial"><B>Subject:</B> [ijccr] Re: Extrapolating 

        A+B Part 1</DIV> 
        <DIV><BR></DIV><TT>"But the interest paid by the banks is much less  
        than<BR>that exacted on  
       
loans..."<BR>------------------------<BR>--------------------------<BR><BR>It  
        is less but there are also ordinary business<BR>disbursements from banks

        for salaries, utilities, etc.<BR>plus dividends to stockholders.   
        Net interest received<BR>is merely the gross profit from which expenses 

        are<BR>deducted.<BR>-<BR><BR>"...and you have not accounted for the fact

        that<BR>lending is the only source of new money to pay<BR>yesterday's  
       
interest."<BR>------------------------<BR>--------------------------<BR><BR>It  
        is also the "only source of new money" to pay<BR>yesterday's phone bill,

        yesterday's utility bill, and<BR>yesterday's wage bill.<BR><BR>The flux 

        and reflux of loan principal is something<BR>different than transfer  
        payments from one party to<BR>another in ordinary transactions; they  
        are<BR>conceptually in different categories.<BR><BR>The banker as  
        businessman is in the second category<BR>when he receives interest or  
        makes payments from his<BR>income; he keeps his books like any other  
        businessman<BR>and must cover his checks while operating his  
        business<BR>with the intention of making a profit, like any  
        other<BR>businessman.<BR><BR>The socialist is dead wrong but less wrong 

        than the<BR>tunnel-visioned monetary reformer; he sees the problem<BR>in

        profit, the "evil" to be eradicated.<BR><BR>M -> C -> M + P; his  
        version of the paradox is posed<BR>thusly: If the capitalist spends M  
        with the intention<BR>of getting back M + P, from where does P  
        arise?<BR><BR>His more generally stated but only slightly  
        less<BR>simplistic solution: Abolish profit.<BR><BR>The socialist  
        expresses his utter contempt for the<BR>monetary reformer who says  
        abolish interest only, for<BR>the socialist more correctly recognizes,  
        if only<BR>slightly, that interest is merely a subcategory  
        of<BR>profit.<BR><BR>In either case, the "solution" is the spanner in  
        the<BR>works of the market economy.<BR><BR>And with the spanner goes the

        hope for economic<BR>democracy.<BR>-<BR><BR><BR><BR><BR><BR><BR><BR>--- 

        Marc Gauvin <gauvin@wanadoo.es> wrote:<BR><BR>William,<BR><BR>But  
        the interest paid by the banks is much less than<BR>that exacted on  
        loans and you have not accounted for<BR>the fact that lending is the  
        only source of new money<BR>to pay yesterday's  
        interest.<BR><BR>Best,<BR><BR>Marc<BR><BR><BR>       
              <BR>__________________________________  
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    <P></P>No virus found in this outgoing message.<BR>Checked by AVG  
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