| Subject: | Re: [socialcredit] Inflation and Usury | | Date: | Tuesday, February 14, 2006 08:32:37 (-0800) | | From: | Joe Thomson <thomsonhiyu @....ca>
|
| In reply to: | Message 3401 (written by Jeffery Smith) |
(Dan wrote:-) Creating money is usury.
>
(Jeff replied:-) It's counterfeiting, if done surreptitiously. Charging
interest on it
> is an example usury.
>
(Joe comments:-) Why is it so difficult to separate 'currency' notes, which
are merely a miniscule 'visible' expression of 'credit' in any modern
economy, from 'credit' itself?
(Dan continues:-) > > if the bank was not allowed to print money, prices of
goods and
> > services would go down every year (similar to computers and
> > electronics).
>
(Jeff replies:-) Hear, hear!
(Joe comments:-) And the economy would go down even faster. Is that what
you want? 'Costs' HAVE BEEN incurred by producers. Those 'costs' WILL BE
liquidated through 'prices'. If those 'prices' "go down every year", in
the face of 'costs' that have already been incurred, what happens? First,
expected 'profit' vanishes. And with it the 'inducement to produce'. The
producer's bankruptcy, if he is unable to repay his loans which initiated
those 'costs' follows shortly thereafter. The system is absolutely
dependent on 'new credit' continuing to be forthcoming. HOW that new credit
is forthcoming, and the effect of it's coming into being on CONSUMER PRICES
is what Social Credit aims to deal with.
>
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