|
Hi Bill:
I was referring to a breif outline of Social Credit
named, "THE NATION'S CREDIT A
Precis of Major C. H. Douglas' Proposals BY C. G. M." published by the British Social
Credit Society.
I can email you a copy if you are
interested?
Jim
----- Original Message -----
Sent: Sunday, November 13, 2005 9:53
AM
Subject: [socialcredit] Question for Jim
Schroeder
> Jim Schroeder quoting "The Nation's Credit":-
>
> "No
legal compulsion would be necessary. Retailers who
> would not accept the
JUST PRICE scheme would be free
> to sell at the ordinary financial price,
but in that
> case they would receive no money from the State and
>
would have to try and sell their goods in competition
> with others, who
had accepted the JUST PRICE and were
> in a position to undersell
them."
> ----------------------------------
>
> Do you mean
the book by C. Marshall Hattersley
> entitled *The Community's
Credit*?
>
> There were several authors writing on "social
credit"
> and the contradictory viewpoints remain conflated.
>
> In the Douglas version as found in the Draft Scheme
> for
Scotland (excerpted below) retailers are to
> receive no money from the
state themselves, but may
> dispense sales receipts that are accepted by
the banks
> for deposit to the credit of the consumer at
discount.
> The banks are reimbursed by Treasury drafts
charged
> against the National Credit Account. The rebates
are
> *effectively* (not nominally) lowering the prices paid
> by
consumers for purchases from registered firms.
>
> In the version
you quote, the retailers are required
> to lower their prices nominally,
being commensurately
> reimbursed by Treasury draft.
>
> The
problem in that version is that it accomplishes
> nothing to address the
problem identified by Douglas.
> The retailer's dilemma is that, in order
to achieve
> sales in a "competitive" market, where purchasing
>
power being placed into the hands of consumers is
> falling in respect to
the costs of production, he is
> required to sell his goods and services
below their
> financial costs. He may not be aware of it,
because
> his vendors are supplying him below their financial
>
costs, the difference being represented by increasing
> debt all the way
up the structure of production.**
>
> Unless financial costs are
paid fully over the retail
> counter, it is not the consumer who is
calling the
> shots, but the privileged "entrepreneur" with his
>
compliant "banker."
>
> In that category I would place the
"Wal-Marts" of the
> world; and everything bad that is "capitalism."
>
> And our continuing servitude.
> -
>
> **
Much debt masquerades as equity. A bond sold to a
> bank counts as
debt. A stock counts as equity.
>
----------------------------
> --------------------------
>
>
C. H. Douglas, 1928
>
> DRAFT SOCIAL CREDIT SCHEME FOR SCOTLAND...
>
> HOW THE FREE CREDITS WOULD BE ISSUED
>
> (6) In
consideration of the foregoing, all registered
> businesses will be
authorised to issue with sales to
> ultimate consumers an account on
suitable paper for
> use as explained in the following clause.
>
> (7) Payment for goods will be made in the ordinary
> way, either
by cheque or currency. The purchaser will
> lodge his receipted account
for goods bought with his
> bank in the same way that he now pays in
cheques, and
> the discount percentage of the amount of such
account
> will be recredited to the consumer's banking account.
>
Unregistered firms will not be supplied with the
> necessary bill forms
for treatment in this manner,
> with the result that their prices will be
25 per cent,
> at least, higher than those of registered firms.
(It
> is obvious that the larger the discount rate can be
> made,
the greater will be the handicap of the
> non-registered firms.)
>
> The total of the sums credited by the banks to private
>
depositors in respect of these discounts will be
> reimbursed to them by a
Scottish Treasury credit. The
> capital account will be
"depreciated" by such sums,
> and "appreciated" by all capital
development. The
> existing banks will be empowered to charge
an
> equitable sum for the services thus rendered.
>
-
>
>
>
>
>
>
>
>
>
>
>
> __________________________________
> Yahoo! Mail - PC Magazine Editors' Choice 2005
> http://mail.yahoo.com
>
---------------------------------------------------------------------
>
Some introductory materials to the discussion topic of this list are at
>
http://www.geocities.com/socredus/compendium
> You're subscribed to this list with the email jschroeder@shaw.ca
> For more
information, visit http://www.eListas.com/list/socialcredit
> |
Re: [socialcredit]
Reply to this message
