| Subject: | Fw: [socialcredit] the Titanic | | Date: | Thursday, December 22, 2005 21:34:23 (-0700) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
All I'm saying is that those working on the "Titanic" are not available to work
on a farm raising food, so will need others to provide this. If the "Titanic" is
financed, directly or indirectly, by new bank credit, that means more credit
chasing a diminished supply of foodstuffs, and an inflation of food prices. If it
is financed by savings, the money going to workers is balanced by money not spent
on foodstuffs by investors, and the inflationary pressure is removed.
The aim is to maintain a balance between consumer goods reaching the market, and
the amount of money (credit) in consumers' pockets to buy them with.
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: Triumphofthepast@aol.com
To: socialcredit@elistas.com
Sent: Tuesday, December 20, 2005 7:06 AM
Subject: [socialcredit] the Titanic
"If we spend, say four years in building the 'Titanic', we distribute incomes
to workers and suppliers for that four year period, so withdrawing other goods
and services from the market, [without putting any product of value on the
market]. If financed by new credit, that is an inflationary thing to do. If
financed by savings, it simply means that consumer buying power in total has been
redistributed from the investor to the workers and suppliers, with no
inflationary effect." (Martin)
I think the example would be better with the words in brackets taken out. If
no food is being produced, there is nothing to feed the workers with. If food is
being produced, new credits can distribute it. That is what new credits are for.
If food is produced and we need the Titanic built, people will work for food (new
credits as financing). If food is produced and we don't need the Titanic built,
people will eat for free (new credits as dividend). It isn't true that we can't
build the Titanic until we have a four years' supply of food stored up. Nor
would it be desirable to do it that way. That is, it's not financed from
unconsumed goods from a prior period ("personal savings"), but it is financed
from goods that exist. That is not the same thing.
Michael
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<DIV> </DIV>
<DIV><FONT size=2>All I'm saying is that those working on the "Titanic" are not
available to work on a farm raising food, so will need others to provide this.
If the "Titanic" is financed, directly or indirectly, by new bank credit,
that means more credit chasing a diminished supply of foodstuffs, and an
inflation of food prices. If it is financed by savings, the money going to
workers is balanced by money not spent on foodstuffs by investors, and the
inflationary pressure is removed.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>The aim is to maintain a balance between consumer goods
reaching the market, and the amount of money (credit) in consumers' pockets to
buy them with.</FONT></DIV>
<DIV> </DIV>
<DIV>Martin Hattersley<BR>1970-10123-99 St., <BR>EDMONTON AB CANADA<BR>Phone
(780)423-4081;Fax(780)425-5247<BR>e-mail: <A
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=Triumphofthepast@aol.com
href="mailto:Triumphofthepast@aol.com">Triumphofthepast@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=socialcredit@elistas.com
href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, December 20, 2005 7:06
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [socialcredit] the Titanic</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT lang=0 face="GoudyOlSt BT"
size=3 PTSIZE="12" FAMILY="SERIF">"If we spend, say four years in building the
'Titanic', we distribute incomes to workers and suppliers for that four year
period, so withdrawing other goods and services from the market, [without
putting any product of value on the market]. If financed by new credit,
that is an inflationary thing to do. If financed by savings, it simply
means that consumer buying power in total has been redistributed from the
investor to the workers and suppliers, with no inflationary effect."
(Martin)<BR><BR>I think the example would be better with the words in brackets
taken out. If no food is being produced, there is nothing to feed the
workers with. If food is being produced, new credits can distribute
it. That is what new credits are for. If food is produced and we
need the Titanic built, people will work for food (new credits as
financing). If food is produced and we don't need the Titanic built,
people will eat for free (new credits as dividend). It isn't true that
we can't build the Titanic until we have a four years' supply of food stored
up. Nor would it be desirable to do it that way. That is, it's not
financed from unconsumed goods from a prior period ("personal savings"), but
it is financed from goods that exist. That is not the same
thing.<BR><BR>Michael</FONT>
<P><PRE>---------------------------------------------------------------------
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 hattersleyjm@interbaun.com
For more information, visit http://www.eListas.com/list/socialcredit
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