|Subject:||Re: [socialcredit] social credit in one nation|
|Date:||Tuesday, December 14, 2004 09:57:40 (+0200)|
|From:||Jessop Sutton <sutton @...........za>
|In reply to:||Message 358 (written by Timothy Carpenter)|
Tim, I have voiced the same concern in the past. What I would like to see is
an extrapolation of National Financial Statements projected over a five-year
period to see what would be the actual effect upon:
The internal banking industry.
The National GDP
The International Trade Agreements.
The Balance of Payments position.
There may be other relevant factors.
Without some such analyses we are in the position of a drug company placing on
the market an anti-retroviral drug without adequate research into all
possible negative side-effects.
I love the idea of Social Credit, but we can't go at it blindly.
On Tuesday 14 Dec 2004 6:38 pm, Timothy Carpenter wrote:
> Dear Bill,
> Here is a flaw in SC as I see it. One cannot inject liquidity only for
> domestic output of production otherwise international trade orgs will slam
> down on that country.
> On the other hand a country which does not differentiate will be, in
> effect, 'exporting' part of their national subsidy to the benefit of the
> overseas producer, for, all things being equal, if without subsidy the
> market will absorb 10000units but with subsidy it can consume 20000, an SC
> domiciled producer will sell 10000 domestically and export 5000 to country
> X. Country X producer will export to SC country 10000 units and sell
> domestically 5000. Ergo, trade deficit of 5000 units. This is a common
> problem with a growing economy that ends up importing to satisfy consumer
> spending growth and so exporting its wealth!
> Alas the "option" of (near) simultaneous SC globally is unlikely to occur
> and as such is not a viable alternative.
> Thus the options that remain are to infuriate the free trade environment by
> local protectionism OR to encourage and grow a trade deficit to eventual
> implosion as an ever increasing proportion of the productive wealth occurs
> abroad. It would just exaggerate the effect of trade imbalance like a form
> of short-circuit feedback loop.
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