| Subject: | Re: [socialcredit] Debt & money | | Date: | Thursday, February 23, 2006 23:54:01 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
Must be a different economy ffrom ours. Most of our businesses finance a
large part of their operations from bank finance, not their own capital. Which
is the situation which led Douglas to claim, I believe, that capitalism had died
at the turn of the 20th. century and been replaced by "creditism". (I can't give
the quote.)
Regards. John R.
From: Jeffery Smith <jjs@geonomics.org>
Reply-To:
socialcredit@elistas.com
To: socialcredit@elistas.com
Subject: Re:
[socialcredit] Debt & money
Date: Wed, 22 Feb 2006 21:51:30 -0800
>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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