| Subject: | Re: [socialcredit] Social Credit and Inflation--and related issues | | Date: | Monday, February 13, 2006 11:40:43 (+1300) | | From: | W. McGunnigle <wmcgunn @.........nz>
|
| In reply to: | Message 3386 (written by Joe Thomson) |
Hi Joe
They increase their profits in two ways directly and indirectly.
Directly, they use inflation as an excuse to increase interest rates
enhancing bank loan "profits" and indirectly by temporarily increasing the
money supply to compensate for decreased purchasing power, and then
squeezing the economy by suddenly reducing the money supply. This enables
them to foreclose on loans and mortgages and seize the assetts of those
indebted to them. The great stockmarket crash of 1929 was engineered in this
manner by the Federal Reserve simply refusing to honour "on call" money used
in the share speculation on the Wall St stock market. Financiers "in the
know" withdrew all their money invested in the stock market prior to the
crash date, converting it into dollars, gold or Pounds Sterling and then
bought up prime stock at knock down prices after the share price collapse.
However, as I said, this type of financial manipulation does not follow a
predictable pattern because the "rules" are flexible and at the discretion
of the financial controllers. They manipulate "inflation" and create fear of
"inflation" in the public mind for their own benefit. Both you and I know
that the present
financial system has to have a continual increase in the money supply in
order to function efficiently for the benefit of everyone. Banks found out
long ago that this was to their great disadvantage in the long term, hence
their move into short term loans, credit card facilities, and high interest
rates on those items.
Bill McGunnigle
----- Original Message -----
From: "Joe Thomson" <thomsonhiyu@shaw.ca>
To: <socialcredit@elistas.com>
Sent: Monday, February 13, 2006 5:21 AM
Subject: Re: [socialcredit] Social Credit and Inflation--and related issues
> (Bill McGunnigle wrote:-) " .....a theory that inflation has
> nothing to do with money or product availablity, but is the direct result
> of propaganda perpetrated by banking organisations who encourage price
> increases by simply stating that inflation is increasing and prices must
> increase to compensate for it.".
>
> (Joe replies:-) How does the banker benefit from price increases through
> 'inflation' which continually reduce the purchasing power of his profit?
>
>
>
> ---------------------------------------------------------------------
> 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
>
|
Re: [socialcredit]
Reply to this message