----- Original Message -----
Sent: Monday, November 07, 2005 12:30
AM
Subject: THE MONEY POWER
Hello
Joe, Yes I was the
author of a response to one of your list letters which had some
uncomplimentary comments about your shallow line of reasoning, which among
other things, apparently supported the privately owned international banking
complex being allowed to create M1 (National Money Supplies) out of nothing as
their own private property, because in a 70 year old letter C.H.
Douglas had written that politicians could not be
trusted.
My response was
particularly directed to you, and addressed accordingly, but your
service provider returned it to me saying that it could not be
delivered. You are welcome to ask whoever sent you bits of it to please
forward you the whole thing. In case that doesn't happen,
I'll recover some of the main points again. In material
written for publication , which has a completely different status, he
emphasized several times that before a Social Credit economy could be
introduced it would be necessary to get control of "the money power",
and if that doesn't mean retaking control of the sovereign right to
create credit, then I don't know what else it could
mean.
From a slightly
different angle, if the state does not acquire credit emission
rights, what sort of a circus do you think would erupt if the Minister
of Finance approached the commercial banks (not state Reserve Bank)
with a request along these lines: "Okay you guys,
our "Z" million citizens have accumulated a
deficiency of purchasing power in period "X" amounting to
"Y" million dollars and they need that creating and refunding to them ,
preferably via shops they deal with; but we realise that may be
impracticable. Maybe you would rather
credit it to their
personal accounts. How would you like to share round that credit
creating and distributing responsibility, or should our government call
for tenders to see which of your commercial banks could do
it cheapest ?"
Apparently the
type of democracy you tolerate is no more trustworthy now than in the
days of C.H. Douglas, and yet Switzerland has had a whole century
of people power enjoying complete control over their politicians and
parliament, and you have the audacity to question my education.
The Social Credit movement in N.Z. set in motion the movement to
achieve Proportional Representation (PR) , and its success has already
fractured the absolute dominance of Parliament by the two party club; and is
philosophically supporting the BCIR initiative, on the Swiss
pattern. It is progressing.
Why are you not
supporting these initiatives , instead of undermining and causing
confusion about what most monetary reformers accept as conditions precedent
for the introduction of people's democracy and a Social Credit
economy? In your present situation , I am forced
to conclude that you are doing much more harm to the cause of monetary reform
in general, and Social Credit in particular, than any good.
You would be doing both movements a good turn if you completely
disconnected. Why not openly help the Money Power instead of
just doing it by recycling confusion to this list
?
Cheers to the other participants.
Don B
>>>>>>>>>>>>>>>>>>>>>
Re: THE MONEY PO
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