| Subject: | Re: [socialcredit] Debt & money | | Date: | Wednesday, February 22, 2006 21:51:30 (-0800) | | From: | Jeffery Smith <jjs @.........org>
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On Feb 22, 2006, at 8:29 AM, Joe Thomson wrote:
>
> Businesses routinely fund their ongoing 'operations' by way of 'debt'
> (bank loans).
If true in any major way, very counter-intuitive, that to operate, one
must go into debt. If routine operation is not sustainable without
debt, then the debt can never be paid off - and the company will go
bankrupt. Hardly routine operation. To begin, to expand, sure, debt is
routine. But to stay afloat? Not for any business reasons, just to
minimize tax liability.
SMITH, Jeffery J., President, Forum on Geonomics
7536 SE Milwaukie Av, Portland Oregon 97202 USA
503/232-1337; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
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