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Re: [socialcredit] W. McGun
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Re: [socialcredit] Joe Thom
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Re: [socialcredit] Kenneth
Re: [socialcredit] Joe Thom
Re: [socialcredit] John G R
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Re: [socialcredit] Wallace
Re: [socialcredit] Peter Ha
Re: [socialcredit] W. McGun
Re: [socialcredit] W. McGun
Re: [socialcredit] Martin H
Re: [socialcredit] Kenneth
Re: [socialcredit] Kenneth
Re: [socialcredit] Kenneth
Re: [socialcredit] Joe Thom
Re: [socialcredit] Keith Wi
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Fed & Stocks Jeffery
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Reply to this message
Subject:Re: [socialcredit] Putting it all together
Date:Saturday, January 7, 2006  20:32:02 (-0700)
From:Martin Hattersley <hattersleyjm @.........com>
In reply to:Message 3320 (written by W. McGunnigle)

Bill - 
 
Thanks - I'm glad to hear that all is not lost in New Zealand. 
 
I toy with the idea that all may not be lost also in the financial world. The
Internet does provide a way for some enterprising soul to create some sort of
unofficial currency which could be debt free and not under the control of the
existing banking system. Does anyone have knowledge of anything existing of this
sort? 
 
I still like the idea of organizing "International Honesty Day" - a date (I
suggest April 1st) when as many folks in the world as can be persuaded to do so
ask to withdraw their deposits from the bank in cash "just to make sure they are
there". It might be educational. I think back to the immense amount of printing
of paper money that went on around the year 2000, because of a fear that computer
glitches then might cause there to be a run on the banking system. The whole
financial system is really a card house waiting to collapse!! 
 
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: W. McGunnigle  
  To: socialcredit@elistas.com  
  Sent: Friday, January 06, 2006 6:37 PM 
  Subject: Re: [socialcredit] Putting it all together 
 
 
  Hi Martin 
               The poor showing of the Democrats for Social Credit in the last
NZ elections were the result of a combination of factors. Some were external to
the party and some internal. 
        We were part of a coalition of minor parties called the Alliance from
1993 prior to the 2002 election and had two MP's who, unfortunately, were very
ineffective in propagating SC monetary reform policies. That Alliance split apart
in 2002 and we supported the ousted leader of the Alliance at the 2002 election.
In restrospect I believe we should have gone out on our own then. We decided to
revert to the independant Democrat party in 2003, and then had to rebuild our
membership and reorganise which we had allowed to lapse during our Alliance days.
The 2005 election took place while we are still rebuilding our power base and
reminding the electorate that a monetary reform party still exists on NZ. These
were the internal problems. Externally, we along with every other minor party in
NZ, have had to fight the TV news media for air time and news paper coverage. The
former is effectively controlled by the two major parties, who have bagged lion's
share of public electioneering monies by virtue of their representation in
Parliament. The latter are controlled by international finance who have a vested
interest in trying to restore the old corrupt two party system responsible for
the disasterous indeptedness of our country. 
      Alternative policies to those of the two major parties were deliberately
ignored by the news media. We are back to the situation we faced in the mid
1970's when a big split nearly destroyed the party, but there are ways we can
correct the problems before the next election. There is a fertile ground for our
policies particularly if we attack the banking system here which is almost
totally foreigned owned. It was one of the conditions for accepting IMF loans
together with cutting of "welfare spending" (This included reducing old age
pensions and unemployment benefits).   
        Incidently in case the plug is totally pulled on this forum my personal
e-mail is wmcgunn@maxnet.co.nz ifyou ever wish to contact me personally. 
        Have a good New Year Martin 
         Bill McGunnigle 
    ----- Original Message -----  
    From: Martin Hattersley  
    To: socialcredit@elistas.com  
    Sent: Friday, January 06, 2006 12:20 PM 
    Subject: Re: [socialcredit] Putting it all together 
 
 
    Bill - 
 
    Thanks for all the background. 
 
    I ordered a copy of Michel Chossudovsky's "Globalization of Poverty", and
his comments on the work of the IMF, WTO and World Bank make them look more like
a criminal conspiracy to take over the world by putting countries through the
"race to the bottom" in the name of "free enterprise" than any sort of
organizations devoted to the public good. 
 
    Makes me sad to see that New Zealand (which used to get worried if
unemployment went over 1%) has now joined the ranks of the indebted "have nots".
It seems as if the Democratic-Social Credit party bombed badly in the past
election, presumably because the electorate either didn't understand or didn't
want monetary reform. Any comments or explanations of this? 
 
    All the best for 2006 - 
 
    Martin Hattersley 
    1970-10123-99 St. Edmonton AB Canada 
    Phone (780)423-2081; Fax (780)425-5247 
    e-mail: jmartinh@shaw.ca; 
    hattersleyjm@interbaun.com 
 
 
      ----- Original Message -----  
      From: W. McGunnigle  
      To: socialcredit@elistas.com  
      Sent: Thursday, January 05, 2006 3:29 PM 
      Subject: Re: [socialcredit] Putting it all together 
 
 
      Hi Martin  
                    Thanks for the help. Will follow through with those
references. John Rawson says he has a copy of "Wealth, Virtual Wealth and Debt",
so I will be able to access that volume. John and I have been friends and fellow
workers in the Socred Movement in NZ for over 20 years. I joined the movement in
1980 after retiring from the Army. I was unable to do so prior to this because
serving Army Officers are forbidden by law to be members of a political
organisation in NZ. John and I began working together in 1984 when I moved to
Northland NZ. I appreciate all the comments made by members of the forum on
monetary reform matters. Incidently I have a brother in Singapore who, although
he has no connection to the Socerd movement, has moved into the monetary reform
camp. He compared the way Singapore and Malaysia handled the "Monetary Crisis" of
the late 1980's to that of countries that begged funding from the IMF and World
Bank. Those who borrowed from the IMF are still in crisis, but Singapore and
Malaysia are flourishing. this contrasts to Indonesia where a country rich in
natural resources cannot provide for its people because of crippling debt
requirements. When he retires he intends to broadcast his findings in an attempt
to educate people to the scam of international banking. 
                Bill Mc Gunnigle 
        ----- Original Message -----  
        From: Martin Hattersley  
        To: socialcredit@elistas.com  
        Sent: Wednesday, January 04, 2006 7:27 AM 
        Subject: Re: [socialcredit] Putting it all together 
 
 
        I do have a copy of Soddy's "Wealth, Virtual Wealth and Debt", that was
reprinted by Omni Publications in California quite some time ago - I'm not sure
that they are still in business. I could perhaps ask Wally Klinck to scan it for
me and send you a copy, though that's a bit of a tall order.. 
 
        I looked up "Cartesian Economics" on Google, and there are several
references to Soddy and his writings there. I think you might follow that route
up and get what you are looking for. Good Luck! 
 
        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: W. McGunnigle  
          To: socialcredit@elistas.com  
          Sent: Monday, January 02, 2006 8:05 PM 
          Subject: Re: [socialcredit] Putting it all together 
 
 
          Hi Martin 
                         Where can I obtain copies of the work of Professor
Soddy? The paper you created in 1988 was of great interest to me, and followed
much of the thinking pattern that colours my thoughts on the monetary reform
matters.  
                I certainly agree that the monetary concepts that govern so
called "modern economics" definitely do not cope with the ever increasing debt
problem, and its stiffling effect on human development. Effectively we have a
monetary system developed in the 15th century geared to the selfish needs of
Italian single city states trying to cope with a global economy that requires
global equity of opportunity to access finance. The situation is unstable, hence
we have want and starvation in a world of plenty. 
             Bill Mc Gunnigle 
            ----- Original Message -----  
            From: Martin Hattersley  
            To: socialcredit@elistas.com  
            Sent: Monday, January 02, 2006 1:44 PM 
            Subject: Re: [socialcredit] Putting it all together 
 
 
            Yes, Joe, I sent that paper on Soddy out more for his discussion of
the "J curve", which I think is another way of looking at A+B, rather than for
adopting his ideas holus bolus.  
 
            There are more ways than one to skin a cat, and Douglas's price
discount is  the neatest way of balancing production with demand, without
demanding unnecessary work from anyone, that I know of  - a definitely better
alternative. 
 
            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  
              To: socialcredit@elistas.com  
              Sent: Saturday, December 31, 2005 10:31 PM 
              Subject: Re: [socialcredit] Putting it all together 
 
 
              That's a very interesting paper, Martin, as are all your pieces. 
Thanks.  I don't think it hurts to explore some of the ideas of others in
comparison to those of Douglas.    
 
              In Soddy I see some similarities with Douglas, but different
terminology and concepts.  And objective. Soddy seems to be more in favour of a
'stable price level' than a constantly 'falling' one.    As Douglas envisioned
through an application  of credit enabling all the benefits of continually
advancing technology to be accessed 'financially' by consumers in the provision
of desired product, As well as provision for increased leisure .   
 
              Soddy seems to prefer 'government' creating credit for spending on
infrastructure rather than new debt-free 'consumer' credits to individuals.  Is
this a large part of the reason why many find 'government'  infrastructure
spending in a slump so attractive?  To try to keep up the price level?   
 
              I guess it's difficult for many to initially  envision how
'consumer' goods could be sold for less than financial cost on an ongoing basis
without businesses being ruined,  Simply through the employment of a  different
technique of credit.  But I think  true 'consumer' demand made ''effective
demand'' would then  create renewed economic activity far more effectively than
'infrastructure spending' pump priming ever will.  
 
               I've nothing against 'needed' infrastructure being built, but not
as 'make work' projects to provide an unnecessary 'moral' reason for paying
people an 'income'.  As well as a  means of keeping them 'under control'.  
 
              Soddy  sounds like a bit of a 'puritan' to me in that regard~ he
seems  concerned to keep everyone 'working'.  The goal of a  triumph of the
individual's 'will-to-freedom'  over the 'will-to-power' externally imposed
economically on him, something  so prevalent in Douglas,  seems to be absent with
Soddy.   
 
               I get the impression from what you've written and quoted he
thinks  the 'government' knows best.  Personally,  I think once we get Douglas
completely figured out,  Soddy will best remain remembered for discovering
isotopes. 
 
              Joe 
 
              ----- Original Message -----  
                From: Martin Hattersley  
                To: socialcredit@elistas.com  
                Sent: Thursday, December 29, 2005 7:02 PM 
                Subject: Re: [socialcredit] Putting it all together 
 
 
                I'm attaching a paper I did a while back on the late Professor
Soddy for the  
                Eastern Economics Association. I think Soddy's description of
the "J curve"  
                phenomenon essentially describes the problem we have to tackle. 
 
                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, December 29, 2005 9:35 AM 
                Subject: Re: [socialcredit] Putting it all together 
 
 
                >I agree with a great deal of what Martin has written
identifying the 
                > problems, but I do not fully concur with some of the
solutions.  This may 
                > well be due to a lack of knowledge on my part, or that I'm
reading into  
                > what 
                > Martin's proposing something that isn't intended by him.  But
there are  
                > some 
                > concerns I have with some of what's proposed nevertheless. 
I'll come back 
                > to them later, but for the moment I'd like to comment on just
this. 
                > 
                > (Martin wrote:-)  > 5. What this initial expression of the
theorem omitted 
                > was the fact that 
                >> certain industries distribute wages to their workers, while
not putting 
                >> goods on the market for immediate sale to consumers. These
are the 
                > factories 
                >> that make the tools that workers will later use to turn out
actual 
                > products. 
                >> While this new capital formation is taking place, its
distribution of 
                > funds 
                >> to consumers in wages and dividends, particularly when
financed by newly 
                >> created bank credit, serves as a form of National Dividend
that makes it 
                >> possible for the consuming public to buy all that is on the
market for 
                > sale, 
                >> without producers being forced to sell below cost. 
                > 
                > (Joe replies:-)  There is a quote in one of the early Douglas
books that 
                > remarks  " ....just as the construction of a new railway
bridge raises the 
                > price of bacon in a village shop."  While there is no doubt
that 'newly 
                > created bank credit' to finance new works serves as you say,
however it is 
                > also, I think, true what Douglas says. 
                > 
                > He notes that the upper limit of price is governed roughly by
the  
                > 'quantity 
                > theory of money'. The lower by financial 'cost'.  If there's
'more money 
                > about' the merchant is going to try and get 'more' of it.   He
has to, if 
                > he's to stay in business.  Simply because the fact there IS
'more money 
                > about' has diluted the purchasing power of ALL money about. 
                > 
                > He is selling in the hopes of making a profit. The same as a
bank lends at 
                > interest in hopes of the same.  But money is variable in what
it will  
                > 'buy', 
                > and  he has to continually replace and, if selling more,
increase, his  
                > stock 
                > in trade.  (Just as a bank has to increase its 'stock', its
'deposits' or 
                > whatever else we've been foolish enough to allow it to use as
its  
                > reserves, 
                > if it wants to lend 'more'. There is a 'cost' to doing this ~
banks 'pay' 
                > interest as well as receive it. And 'more' interest when they
want more 
                > deposits.) 
                > 
                > If the stock the merchant buys has risen in price, what he
might have  
                > taken 
                > for himself in profit is diminished.  It goes back to fund the
new stock,  
                > or 
                > he has to take out a larger overdraft to do so.  His sales may
be rising, 
                > and so in terms of dollars may be his profit.  But the RATE of
profit in 
                > ratio to that increase in  sales taken over  time is in
continuing  
                > decline. 
                > 'Interest' and 'profit', considered in the business sense, are
exactly the 
                > same.  One of the components of 'interest', as we've seen, is
allowance  
                > for 
                > 'inflation'.  One of the components of 'profit' would likely
then have to  
                > be 
                > the same.  It is why I believe Douglas noted that "large works
on  
                > completion 
                > are paid for by an expansion of credit."  The words "on
completion" imply 
                > there must be a FURTHER expansion of credit beyond that which
took place  
                > to 
                > initiate the construction of those 'large works'.  The
'inflation' is 
                > continuous, and the community pays for its progress twice. 
Unless there  
                > is 
                > an implimentation of the SC prescription, whereupon we can
finally begin  
                > to 
                > enjoy as consumers the fruits of progress at the proper
decline in overall 
                > retail prices that capital appreciation should have  brought
about. 
                > 
                >
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------=_NextPart_000_00A1_01C613C9.6A8652E0 
Content-Type: text/html; charset=iso-8859-1 
Content-Transfer-Encoding: quoted-printable 
 
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> 
<HTML><HEAD> 
<META http-equiv=Content-Type content="text/html; charset=iso-8859-1"> 
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<BODY bgColor=#ffffff> 
<DIV><FONT size=2>Bill -</FONT></DIV> 
<DIV><FONT size=2></FONT> </DIV> 
<DIV><FONT size=2>Thanks - I'm glad to hear that all is not lost in New  
Zealand.</FONT></DIV> 
<DIV><FONT size=2></FONT> </DIV> 
<DIV><FONT size=2>I toy with the idea that all may not be lost also in the  
financial world. The Internet does provide a way for some enterprising soul to  
create some sort of unofficial currency which could be debt free and not under  
the control of the existing banking system. Does anyone have knowledge of  
anything existing of this sort?</FONT></DIV> 
<DIV><FONT size=2></FONT> </DIV> 
<DIV><FONT size=2>I still like the idea of organizing "International Honesty  
Day" - a date (I suggest April 1st) when as many folks in the world as can be  
persuaded to do so ask to withdraw their deposits from the bank in cash "just to

make sure they are there". It might be educational. I think back to the immense 

amount of printing of paper money that went on around the year 2000, because of 

a fear that computer glitches then might cause there to be a run on the banking 

system. The whole financial system is really a card house waiting to  
collapse!!</FONT></DIV> 
<DIV><FONT size=2></FONT> </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=wmcgunn@maxnet.co.nz href="mailto:wmcgunn@maxnet.co.nz">W.  
  McGunnigle</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> Friday, January 06, 2006 6:37  
  PM</DIV> 
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Putting it  
  all together</DIV> 
  <DIV><BR></DIV> 
  <DIV><FONT face=Arial size=2>Hi Martin</FONT></DIV> 
  <DIV><FONT face=Arial  
  size=2>              
  The poor showing of the Democrats for Social Credit in the last NZ elections  
  were the result of a combination of factors. Some were external to the party  
  and some internal.</FONT></DIV> 
  <DIV><FONT face=Arial size=2>      We were part of a  
  coalition of minor parties called the Alliance from 1993 prior to the 2002  
  election and had two MP's who, unfortunately, were very ineffective in  
  propagating SC monetary reform policies. That Alliance split apart in 2002 and

  we supported the ousted leader of the Alliance at the 2002 election. In  
  restrospect I believe we should have gone out on our own then. We decided to  
  revert to the independant Democrat party in 2003, and then had to rebuild our 

  membership and reorganise which we had allowed to lapse during our Alliance  
  days. The 2005 election took place while we are still rebuilding our power  
  base and reminding the electorate that a monetary reform party still exists on

  NZ. These were the internal problems. Externally, we along with every  
  other minor party in NZ, have had to fight the TV news media for air time and 

  news paper coverage. The former is effectively controlled by the two major  
  parties, who have bagged lion's share of public electioneering monies by  
  virtue of their representation in Parliament. The latter are controlled by  
  international finance who have a vested interest in trying to restore the old 

  corrupt two party system responsible for the disasterous indeptedness of our  
  country.</FONT></DIV> 
  <DIV><FONT face=Arial size=2>    Alternative policies to those  
  of the two major parties were deliberately ignored by the news media. We are  
  back to the situation we faced in the mid 1970's when a big split  
  nearly destroyed the party, but there are ways we can correct the problems  
  before the next election. There is a fertile ground for our policies  
  particularly if we attack the banking system here which is almost totally  
  foreigned owned. It was one of the conditions for accepting IMF loans together

  with cutting of "welfare spending" (This included reducing old age pensions  
  and unemployment benefits).</FONT><FONT face=Arial  
  size=2>  </FONT></DIV> 
  <DIV><FONT face=Arial size=2>      Incidently in case  
  the plug is totally pulled on this forum my personal e-mail is <A  
  href="mailto:wmcgunn@maxnet.co.nz">wmcgunn@maxnet.co.nz</A> ifyou ever wish to

  contact me personally.</FONT></DIV> 
  <DIV><FONT face=Arial size=2>      Have a good New  
  Year Martin</FONT></DIV> 
  <DIV><FONT face=Arial size=2>       Bill  
  McGunnigle</FONT></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=hattersleyjm@interbaun.com  
    href="mailto:hattersleyjm@interbaun.com">Martin Hattersley</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> Friday, January 06, 2006 12:20  
    PM</DIV> 
    <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Putting it 

    all together</DIV> 
    <DIV><BR></DIV> 
    <DIV><FONT face=Arial size=2>Bill -</FONT></DIV> 
    <DIV><FONT face=Arial size=2></FONT> </DIV> 
    <DIV><FONT face=Arial size=2>Thanks for all the background.</FONT></DIV> 
    <DIV><FONT face=Arial size=2></FONT> </DIV> 
    <DIV><FONT face=Arial size=2>I ordered a copy of Michel Chossudovsky's  
    "Globalization of Poverty", and his comments on the work of the IMF, WTO and

    World Bank make them look more like a criminal conspiracy to take over the  
    world by putting countries through the "race to the bottom" in the name of  
    "free enterprise" than any sort of organizations devoted to the public  
    good.</FONT></DIV> 
    <DIV><FONT face=Arial size=2></FONT> </DIV> 
    <DIV><FONT face=Arial size=2>Makes me sad to see that New Zealand (which  
    used to get worried if unemployment went over 1%) has now joined the ranks  
    of the indebted "have nots". It seems as if the Democratic-Social Credit  
    party bombed badly in the past election, presumably because the electorate  
    either didn't understand or didn't want monetary reform. Any comments or  
    explanations of this?</FONT></DIV> 
    <DIV><FONT face=Arial size=2></FONT> </DIV> 
    <DIV><FONT face=Arial size=2>All the best for 2006 -</FONT></DIV> 
    <DIV><FONT face=Arial size=2></FONT><BR>Martin Hattersley<BR>1970-10123-99  
    St. Edmonton AB Canada<BR>Phone (780)423-2081; Fax (780)425-5247<BR>e-mail: 

    <A href="mailto:jmartinh@shaw.ca">jmartinh@shaw.ca</A>;<BR><A  
   
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></DIV> 
    <DIV> </DIV> 
    <DIV> </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=wmcgunn@maxnet.co.nz href="mailto:wmcgunn@maxnet.co.nz">W.  
      McGunnigle</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> Thursday, January 05, 2006 3:29

      PM</DIV> 
      <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Putting  
      it all together</DIV> 
      <DIV><BR></DIV> 
      <DIV><FONT face=Arial size=2>Hi Martin </FONT></DIV> 
      <DIV><FONT face=Arial  
      size=2>               
      Thanks for the help. Will follow through with those references. John  
      Rawson says he has a copy of "Wealth, Virtual Wealth and Debt", so I will 

      be able to access that volume. John and I have been friends and fellow  
      workers in the Socred Movement in NZ for over 20 years. I joined the  
      movement in 1980 after retiring from the Army. I was unable to do so prior

      to this because serving Army Officers are forbidden by law to be members  
      of a political organisation in NZ. John and I began working together in  
      1984 when I moved to Northland NZ. I appreciate all the comments made by  
      members of the forum on monetary reform matters. Incidently I have a  
      brother in Singapore who, although he has no connection to the Socerd  
      movement, has moved into the monetary reform camp. He compared the way  
      Singapore and Malaysia handled the "Monetary Crisis" of the late 1980's to

      that of countries that begged funding from the IMF and World Bank. Those  
      who borrowed from the IMF are still in crisis, but Singapore and Malaysia 

      are flourishing. this contrasts to Indonesia where a country rich in  
      natural resources cannot provide for its people because of crippling debt 

      requirements. When he retires he intends to broadcast his findings in an  
      attempt to educate people to the scam of international  
      banking.</FONT></DIV> 
      <DIV><FONT face=Arial  
      size=2>          Bill Mc  
      Gunnigle</FONT></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=hattersleyjm@interbaun.com  
        href="mailto:hattersleyjm@interbaun.com">Martin Hattersley</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> Wednesday, January 04, 2006  
        7:27 AM</DIV> 
        <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] Putting

        it all together</DIV> 
        <DIV><BR></DIV> 
        <DIV><FONT size=2>I do have a copy of Soddy's "Wealth, Virtual Wealth  
        and Debt", that was reprinted by Omni Publications in California quite  
        some time ago - I'm not sure that they are still in business. I could  
        perhaps ask Wally Klinck to scan it for me and send you a copy, though  
        that's a bit of a tall order..</FONT></DIV> 
        <DIV><FONT size=2></FONT> </DIV> 
        <DIV><FONT size=2>I looked up "Cartesian Economics" on Google, and there

        are several references to Soddy and his writings there. I think you  
        might follow that route up and get what you are looking for. Good  
        Luck!</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=wmcgunn@maxnet.co.nz href="mailto:wmcgunn@maxnet.co.nz">W.  
          McGunnigle</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> Monday, January 02, 2006  
          8:05 PM</DIV> 
          <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit]  
          Putting it all together</DIV> 
          <DIV><BR></DIV> 
          <DIV><FONT face=Arial size=2>Hi Martin</FONT></DIV> 
          <DIV><FONT face=Arial  
          size=2>                
          Where can I obtain copies of the work of Professor Soddy? The paper  
          you created in 1988 was of great interest to me, and followed much of 

          the thinking pattern that colours my thoughts on the monetary reform  
          matters. </FONT></DIV> 
          <DIV><FONT face=Arial size=2>      I  
          certainly agree that the monetary concepts that govern so called  
          "modern economics" definitely do not cope with</FONT> <FONT  
          face=Arial size=2>the ever increasing debt problem, and its stiffling 

          effect on human development. Effectively we have a monetary system  
          developed in the 15th century geared to the selfish needs of Italian  
          single city states trying to cope with a global economy that requires 

          global equity of opportunity to access finance. The situation is  
          unstable, hence we have want and starvation in a world of  
          plenty.</FONT></DIV> 
          <DIV><FONT face=Arial size=2>   Bill Mc  
Gunnigle</FONT></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=hattersleyjm@interbaun.com  
            href="mailto:hattersleyjm@interbaun.com">Martin Hattersley</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> Monday, January 02, 2006 

            1:44 PM</DIV> 
            <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit]  
            Putting it all together</DIV> 
            <DIV><BR></DIV> 
            <DIV><FONT size=2>Yes, Joe, I sent that paper on Soddy out more for 

            his discussion of the "J curve", which I think is another way of  
            looking at A+B, rather than for adopting his ideas holus bolus.  
            </FONT></DIV> 
            <DIV><FONT size=2></FONT> </DIV> 
            <DIV><FONT size=2>There are more ways than one to skin a cat, and  
            Douglas's price discount is  the neatest way of balancing  
            production with demand, without demanding unnecessary work from  
            anyone, that I know of  - a definitely better  
            alternative.</FONT></DIV> 
            <DIV><FONT size=2></FONT> </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=thomsonhiyu@shaw.ca href="mailto:thomsonhiyu@shaw.ca">Joe

              Thomson</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> Saturday, December 31, 

              2005 10:31 PM</DIV> 
              <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit]  
              Putting it all together</DIV> 
              <DIV><BR></DIV> 
              <DIV><FONT face=Arial>That's a very interesting paper,  
              Martin, as are all your pieces.  Thanks.  I  
              don't think it hurts to explore some of the ideas of others in  
              comparison to those of Douglas.   </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial>In Soddy I see some similarities with  
              Douglas, but different terminology and concepts.  And  
              objective. Soddy seems to be more in favour of a 'stable price  
              level' than a constantly 'falling' one.    As  
              Douglas envisioned through an application  of  
              credit enabling all the benefits of continually advancing  
              technology to be accessed 'financially' by consumers in the  
              provision of desired product, As well as provision  
              for increased leisure .  </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial>Soddy seems to prefer 'government' creating 

              credit for spending on infrastructure rather than new debt-free  
              'consumer' credits to individuals.  Is this a large part of  
              the reason why many find 'government'   
              infrastructure spending in a slump so attractive?  To  
              try to keep up the price level?  </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial>I guess it's difficult for many to initially

               envision how 'consumer' goods could be sold for less than  
              financial cost on an ongoing basis without businesses being  
              ruined,  Simply through the employment of a  
               different technique of credit.  But I think  
               true 'consumer' demand made ''effective demand''  
              would then  create renewed economic activity far more  
              effectively than 'infrastructure spending' pump priming ever  
              will. </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial> I've nothing against 'needed'  
              infrastructure being built, but not as 'make work' projects to  
              provide an unnecessary 'moral' reason for paying people an  
              'income'.  As well as a  means of  
              keeping them 'under control'. </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial>Soddy  sounds like a bit of a 'puritan'  
              to me in that regard~ he seems  concerned to keep  
              everyone 'working'.  The goal of a  triumph of the  
              individual's 'will-to-freedom'  over the 'will-to-power'  
              externally imposed economically on  
              him, something  so prevalent in Douglas,  
               seems to be absent with Soddy.  </FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial> I get the impression from what you've  
              written and quoted he thinks  the 'government' knows  
              best.  Personally,  I think once we get Douglas  
              completely figured out,  Soddy will best remain remembered  
              for discovering isotopes.</FONT></DIV> 
              <DIV><FONT face=Arial></FONT> </DIV> 
              <DIV><FONT face=Arial>Joe</FONT></DIV> 
              <DIV> </DIV> 
              <DIV>----- Original Message ----- </DIV> 
              <BLOCKQUOTE  
              style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px;
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> 
                <DIV  
                style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color:
black"><B>From:</B>  
                <A title=hattersleyjm@interbaun.com  
                href="mailto:hattersleyjm@interbaun.com">Martin Hattersley</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> Thursday, December  
                29, 2005 7:02 PM</DIV> 
                <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit]

                Putting it all together</DIV> 
                <DIV><BR></DIV>I'm attaching a paper I did a while back on the  
                late Professor Soddy for the <BR>Eastern Economics Association. 

                I think Soddy's description of the "J curve" <BR>phenomenon  
                essentially describes the problem we have to  
                tackle.<BR><BR>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><BR>----- 

                Original Message ----- <BR>From: "Joe Thomson"  
                <thomsonhiyu@shaw.ca><BR>To:  
                <socialcredit@elistas.com><BR>Sent: Thursday, December 29,  
                2005 9:35 AM<BR>Subject: Re: [socialcredit] Putting it all  
                together<BR><BR><BR>>I agree with a great deal of what Martin  
                has written identifying the<BR>> problems, but I do not fully  
                concur with some of the solutions.  This may<BR>> well  
                be due to a lack of knowledge on my part, or that I'm reading  
                into <BR>> what<BR>> Martin's proposing something that  
                isn't intended by him.  But there are <BR>> some<BR>>  
                concerns I have with some of what's proposed nevertheless.   
                I'll come back<BR>> to them later, but for the moment I'd  
                like to comment on just this.<BR>><BR>> (Martin  
                wrote:-)  > 5. What this initial expression of the  
                theorem omitted<BR>> was the fact that<BR>>> certain  
                industries distribute wages to their workers, while not  
                putting<BR>>> goods on the market for immediate sale to  
                consumers. These are the<BR>> factories<BR>>> that make  
                the tools that workers will later use to turn out actual<BR>>  
                products.<BR>>> While this new capital formation is taking  
                place, its distribution of<BR>> funds<BR>>> to  
                consumers in wages and dividends, particularly when financed by 

                newly<BR>>> created bank credit, serves as a form of  
                National Dividend that makes it<BR>>> possible for the  
                consuming public to buy all that is on the market for<BR>>  
                sale,<BR>>> without producers being forced to sell below  
                cost.<BR>><BR>> (Joe replies:-)  There is a quote in  
                one of the early Douglas books that<BR>> remarks  "  
                ....just as the construction of a new railway bridge raises  
                the<BR>> price of bacon in a village shop."  While there  
                is no doubt that 'newly<BR>> created bank credit' to finance  
                new works serves as you say, however it is<BR>> also, I  
                think, true what Douglas says.<BR>><BR>> He notes that the  
                upper limit of price is governed roughly by the <BR>>  
                'quantity<BR>> theory of money'. The lower by financial  
                'cost'.  If there's 'more money<BR>> about' the merchant  
                is going to try and get 'more' of it.   He has to,  
                if<BR>> he's to stay in business.  Simply because the  
                fact there IS 'more money<BR>> about' has diluted the  
                purchasing power of ALL money about.<BR>><BR>> He is  
                selling in the hopes of making a profit. The same as a bank  
                lends at<BR>> interest in hopes of the same.  But money  
                is variable in what it will <BR>> 'buy',<BR>> and  he  
                has to continually replace and, if selling more, increase, his  
                <BR>> stock<BR>> in trade.  (Just as a bank has to  
                increase its 'stock', its 'deposits' or<BR>> whatever else  
                we've been foolish enough to allow it to use as its <BR>>  
                reserves,<BR>> if it wants to lend 'more'. There is a 'cost'  
                to doing this ~ banks 'pay'<BR>> interest as well as receive  
                it. And 'more' interest when they want more<BR>>  
                deposits.)<BR>><BR>> If the stock the merchant buys has  
                risen in price, what he might have <BR>> taken<BR>> for  
                himself in profit is diminished.  It goes back to fund the  
                new stock, <BR>> or<BR>> he has to take out a larger  
                overdraft to do so.  His sales may be rising,<BR>> and  
                so in terms of dollars may be his profit.  But the RATE of  
                profit in<BR>> ratio to that increase in  sales taken  
                over  time is in continuing <BR>> decline.<BR>>  
                'Interest' and 'profit', considered in the business sense, are  
                exactly the<BR>> same.  One of the components of  
                'interest', as we've seen, is allowance <BR>> for<BR>>  
                'inflation'.  One of the components of 'profit' would  
                likely then have to <BR>> be<BR>> the same.  It is  
                why I believe Douglas noted that "large works on <BR>>  
                completion<BR>> are paid for by an expansion of  
                credit."  The words "on completion" imply<BR>> there  
                must be a FURTHER expansion of credit beyond that which took  
                place <BR>> to<BR>> initiate the construction of those  
                'large works'.  The 'inflation' is<BR>> continuous, and  
                the community pays for its progress twice.  Unless there  
                <BR>> is<BR>> an implimentation of the SC prescription,  
                whereupon we can finally begin <BR>> to<BR>> enjoy as  
                consumers the fruits of progress at the proper decline in  
                overall<BR>> retail prices that capital appreciation should  
                have  brought about.<BR>><BR>>  
               
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You're subscribed to this list with the email hattersleyjm@interbaun.com 
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<P></P></PRE> 
          <P> 
          <P> 
          <HR> 
 
          <P></P>No virus found in this incoming message.<BR>Checked by AVG Free

          Edition.<BR>Version: 7.1.371 / Virus Database: 267.14.11/219 - Release

          Date: 02/01/2006<BR></BLOCKQUOTE> 
       
<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 wmcgunn@maxnet.co.nz 
For more information, visit http://www.eListas.com/list/socialcredit 
<P></P></PRE> 
        <P> 
        <P> 
        <HR> 
 
        <P></P>No virus found in this outgoing message.<BR>Checked by AVG Free  
        Edition.<BR>Version: 7.1.371 / Virus Database: 267.14.11/219 - Release  
        Date:  
       
02/01/2006<BR><BR><BR>---------------------------------------------------------------------<BR>Some

        introductory materials to the discussion topic of this list are  
        at<BR>http://www.geocities.com/socredus/compendium<;BR>You're subscribed  
        to this list with the email wmcgunn@maxnet.co.nz<BR>For more  
        information, visit  
      http://www.eListas.com/list/socialcredit<;BR></BLOCKQUOTE> 
     
<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 
<P></P></PRE> 
      <P> 
      <P> 
      <HR> 
 
      <P></P>No virus found in this incoming message.<BR>Checked by AVG Free  
      Edition.<BR>Version: 7.1.371 / Virus Database: 267.14.13/221 - Release  
      Date: 1/4/2006<BR></BLOCKQUOTE> 
   
<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 wmcgunn@maxnet.co.nz 
For more information, visit http://www.eListas.com/list/socialcredit 
<P></P></PRE> 
    <P> 
    <P> 
    <HR> 
 
    <P></P>No virus found in this outgoing message.<BR>Checked by AVG Free  
    Edition.<BR>Version: 7.1.371 / Virus Database: 267.14.13/221 - Release Date:

   
1/4/2006<BR><BR><BR>---------------------------------------------------------------------<BR>Some

    introductory materials to the discussion topic of this list are  
    at<BR>http://www.geocities.com/socredus/compendium<;BR>You're subscribed to  
    this list with the email wmcgunn@maxnet.co.nz<BR>For more information, visit

    http://www.eListas.com/list/socialcredit<;BR></BLOCKQUOTE> 
  <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 
<P></P></PRE> 
  <P> 
  <P> 
  <HR> 
 
  <P></P>No virus found in this incoming message.<BR>Checked by AVG Free  
  Edition.<BR>Version: 7.1.371 / Virus Database: 267.14.14/222 - Release Date:  
  05/01/2006<BR></BLOCKQUOTE></BODY></HTML> 
 
------=_NextPart_000_00A1_01C613C9.6A8652E0-- 
--=======AVGMAIL-43C08B2912EA======Content-Type: text/plain; x-avgÎrt;
charset=us-ascii 
Content-Transfer-Encoding: quoted-printable 
Content-Disposition: inline 
Content-Description: "AVG certification" 
 
No virus found in this outgoing message. 
Checked by AVG Free Edition. 
Version: 7.1.371 / Virus Database: 267.14.14/222 - Release Date: 05/01/2006
 
 
 

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