| Subject: | Re: [socialcredit] straw vote (Joe replies to Ken) Addendum | | Date: | Friday, November 18, 2005 21:33:04 (-0700) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
Joe -
Isn't the operative word "trick"?
The pretence is that the bank is lending the customer's deposits. The truth
is that the bank is lending figures in its books, and the "confidence" is
that (most times) the bank will have a little bit of cash on hand so that
people who want legal tender money, rather than figures in the bank's books,
are generally able to have some.
Martin Hattersley
1970-10123-99 St.,
EDMONTON AB CANADA
Phone (780)423-4081;Fax(780)425-5247
e-mail: hattersleyjm@interbaun.com
----- Original Message -----
From: "Joe Thomson" <thomsonhiyu@shaw.ca>
To: <socialcredit@elistas.com>
Sent: Thursday, November 17, 2005 9:48 PM
Subject: Re: [socialcredit] straw vote (Joe replies to Ken) Addendum
>
>
>
> (Martin wrote:) > I can't resist passing on a comment made by Professor
> Soddy in this regard:
>>
>> "I thought that, as a scientific man, I ought to know something about
>> economics. So I studied the money system for two years and could make
>> nothing of it. Then, one day, the truth dawned on me. What I was studying
>> was not a system but a confidence trick>"
>>
> (Joe replies:-) Is 'confidence' not 'belief'? Would not any money system
> be a 'confidence' trick? If there was no 'confidence' in the money
> system,
> there would be no willing acceptance of whatever was being proferred as
> money. And we'd be like Zimbabwe.
>
> Is there really not only 'confidence' in any 'money', anywhere, when it
> gets
> YOU what YOU want? Not what SOMEBODY ELSE thinks that you do, or what
> THEY
> think is good for you?
>
> ---------------------------------------------------------------------
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