| Subject: | Re: [socialcredit] straw vote (Joe replies to Ken) Addendum | | Date: | Friday, November 18, 2005 20:25:00 (+0000) | | From: | Kenneth Palmerton <kenpalmerton @................uk>
|
In-Reply-To: <000701c5ec08$ef280cc0$bad44246@cc.shawcable.net>
Hi Joe.
It looks as though we are in general agreement. And unless we wish to turn
ourselves into banking technicians, what we know from our studies is
enough to tell us that there is a serious problem.
At branch level, even amongst the management, there is, I find too, very
little understanding of how money REALLY works. Again as you say I think
this is ignorance that can be forgiven because those who decide bank
POLICY have kept us all in ignorance. Again I believe deliberately.
Often I wonder what would have happened if it was 2005 rather than 1694
when Patterson went before what passed for Parliament at the time to
propose his great con trick.
With our present level of communication, and our level of representation,
flawed as it still is, I suspect he would have been laughed out of court
:-)) Or rather, I would hope so :-(
As for your last comment Joe, remember that you DID say "cash".
In the UK anyway, that is correct. BUT "cash" is not the bulk of money.
Here it is only some 3% of our money supply. The rest, 97%, they still
create for us, out of nothing, and at tiny cost.
That is my condemnation of the trading banks, and is what they should not
be allowed.
I think I told you that I come from the Channel Islands, Jersey. There
money creation has histrionically been the role of the States, the
parliament. And the reason for there being no "National " debt there. So
very low taxation.
Ken.
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Date: Thu, 17 Nov 2005 22:25:56 -0800
From: Joe Thomson <thomsonhiyu@shaw.ca>
To: socialcredit@elistas.com
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Subject: Re: [socialcredit] straw vote (Joe replies to Ken) Addendum
X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
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Hello Ken,
'Banking' isn't the easiest subject to understand, I agree. And it's not
helped by the fact that either by accident or design, or maybe both, there
was virtually no exposure to the inner workings of it offered when I was in
school, over 40 years ago now. And from what I can glean from my older
son,such is still the case today.
>From conversations over the years with several accredited professional
accountants, and also some 'friendly' bankers, I gather even they are not
totally certain how it all functions. Some of them, I would say, even
though skilled in their particular fields, seem to have a poorer conception
of it than even I do now. And that's not saying much.
But I don't think understanding it all is an impossibility. Bill Ryan, for
one, seems to me as if he's mastered it. We haven't 'stuck him' yet,
anyways. And what can be learned by one, can certainly be learned by
others. Albeit with a lot of help, and more than a lot of patience (on the
part of the teacher!.).
Joe
BTW, I think the banker still does need customer deposits to a degree,
sinceit seems to me that must be where his 'cash' comes from. Now on that
subject, until I learn some more, I think I'm going to follow the advice of
that old rhyme:-
" A wise old owl sat in an oak,
The more he heard, the less he spoke,
The less he spoke, the more he heard,
Now wasn't he a wise old bird."
----- Original Message -----
From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
To: <socialcredit@elistas.com>
Cc: <kenpalmerton@cix.compulink.co.uk>
Sent: Thursday, November 17, 2005 4:57 AM
Subject: Re: [socialcredit] straw vote (Joe replies to Ken) Addendum
> In-Reply-To: <000f01c5eac6$242d4d20$bad44246@cc.shawcable.net>
> Hi Joe.
>
> You may well mark me down as being excessively cynical my friend, but I
> think you will find that trying to get to the bottom of arcane banking
> practices is a bit like trying to gather water in a sieve.
>
> After many years of struggling, as you say you have, to understand their
> system I have come to the conclusion that we are not intended to
> understand, just stand and marvel at the sheer audacity of their trade,
> that holds us all in hock. A Trade that holds, as a close monopoly,
> something that our complex society can now hardly do without. And have
the> right to create what we need out of nothing, and at tiny cost.
>
> As I have said as much on many occasions I have been accused of being
anti> bank. This is not so.
>
> I believe that as a trade they are in dire straights. They could lose all
> they have in a matter of hours, as Bernard Leitier for one warns.
>
> This I think is not inevitable. They COULD, if they were sensible,
> continue to offer the community its essential services as the skilled
> bookkeepers that they are, and draw a good profit from the service they
> are entitled to be paid for.
>
> So struggle on friend Joe, if you must. And if you do in fact sus out the
> nature of that devious trade, let us all know please :-)))
>
> Ken.
>
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