| Subject: | [socialcredit] Replying to Marc Gauvin | | Date: | Saturday, October 8, 2005 03:32:03 (-0700) | | From: | MODERATOR <socredus @.....com>
|
Marc, the term "intrinsic" merely refers to the value
of the paper upon which a contract is written. The
holder in due course of a promissory note possesses
substantial real value in the performance that is
promised.
The financial system is a natural monopoly in the
sense that a telephone network is a natural monopoly.
We each of us benefit to the extent a natural monopoly
is allowed to become a monopoly, for the scope for
communication with our fellow man is thereby enhanced.
In the case of the financial system, the scope for
trade and commerce is enhanced.
That requires the implementation of checks and
balances upon its administration to preclude it
becoming the means of oppression.
--------replying to--------
Subject: Re: [socialcredit] Question for Dan Morin
Date: Saturday, October 8, 2005 11:15:01 (+0200)
From: Marc Gauvin <gauvin@wanadoo.es>
All,
But money does not have intrinsic value/wealth as it
is merely a "gateway" to real wealth. What is not
acceptable is that the right to create and issue it be
made the sole prerogative of a single player,
particularly when that player produces nothing else of
intrinsic value.
Best,
Marc
----- Original Message -----
From: "MODERATOR" <socredus@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Saturday, October 08, 2005 10:41 AM
Subject: [socialcredit] Question for Dan Morin
Dan, these are mere assertions, not "answers." There
is no argument in them whatsoever. Let me focus on
just one of them:
"Another flaw in your discussions is to associate
money and wealth..."
This would be true if money were merely (or
representative of) a commodity that has been produced.
But modern money is a generalized form of contract
calling for future performance or delivery, like a
ticket.
How is that not wealth?
--------replying to--------
Subject: RE: [socialcredit] Re: questions - Some
Answers
Date: Friday, October 7, 2005 17:12:56 (-0400)
From: Daniel Morin <dan@danmorin.com>
[Peter Haines] "The Flux and Reflux diagramme merely
displays the so called gap that has to be filled by
bankers credit, there is no argument over that
either."
-------------------
The Flux and Reflux diagramme displays a flawed theory
based on the fact that there is a gap to be filled.
Another flaw in your discussions is to associate money
and wealth, as well as money and capital. Printing
more money does not produce more wealth nor contribute
to capital formation.
-- Dan Morin.
-----Original Message-----
From: cymric@xtra.co.nz [mailto:cymric@xtra.co.nz]
Sent: Friday, October 07, 2005 4:28 PM
To: socialcredit@elistas.com
Subject: [socialcredit] Re: questions
[snipped]
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Replying to Marc G
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