| Subject: | Re: [socialcredit] U.S. Economic data | | Date: | Friday, February 24, 2006 12:51:54 (+1300) | | From: | W. McGunnigle <wmcgunn @.........nz>
|
| In reply to: | Message 3493 (written by Kenneth Palmerton) |
Hi Ken
I don't think so. The one irrefutible fact discernable from the
graphs is that debt, interest rates and money supply are all increasing
exponentially, but that the industrial base (GDP) to support those increases
in only increasing in a linear way. This confirms what we as Socred supports
have known all along that money supply works independently from actual
production output. It also supports the contention that much of the increase
in money supply is not going into supporting an expansion of industry or
support services for the benefit of mankind but simply the outcomeof our
present financial system attempt to preserve the economic viablity of the
present economic system. Obviously, when the very currency needed to keep
the economy moving is created as a debt to the banking system, the rate at
which finance must be created, and put into the system must progressively
incease exponentially. Money is created as a debt, and the only way to repay
that debt is from the money supply created by that debt in the first place.
The graphs categorically confirm this trend. At least that is how I
interpret them. I would appreciate any other comments.
Bill McGunnigle
----- Original Message -----
From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
To: <socialcredit@elistas.com>
Cc: <kenpalmerton@cix.compulink.co.uk>
Sent: Friday, February 24, 2006 4:38 AM
Subject: Re: [socialcredit] U.S. Economic data
> In-Reply-To: <000d01c63800$2f4bf3a0$526437d2@computer>
> Hi Bill.
>
> Is it possible that the old saw "B****t baffles brains" is applicable here
> :-)))
>
> Ken.
>
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> From: "W. McGunnigle" <wmcgunn@maxnet.co.nz>
> To: <socialcredit@elistas.com>
> References: <memo.960637@cix.compulink.co.uk>
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> Subject: Re: [socialcredit] U.S. Economic data
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> Hi John H.
> Thank you for the graphical information. Those graphs are
> precisely what is needed to confirm that the present monetary system has
> gone into freefall. The USA because of its position as the major
> intenational reserve currency reflects the world-wide trends(or perhaps
the
> world economic system is being driven into freefall by the trends in the
> USA). Both explanations seem to have equal validity at present. I am
> surpriseed that data of this nature has been openly published especially
> thecomparisons. From where has the pressure arisen to prompt this
> publication?or is this information usually quitely kept in the background.
> In allfairness the practice of using the logarithmic scale on the graph is
> a veryclever ploy. It gives an impression of a slow linear increase in
> indeptedness instead of the exponential growth that is reality. Only those
> with reasonably advanced mathematical knowledge can grasp the full
> significance of those graphs.
> Bill McGunnigle
> ----- Original Message -----
> From: "John Hermann" <hermann@picknowl.com.au>
> To: <socialcredit@elistas.com>
> Sent: Wednesday, February 22, 2006 3:19 PM
> Subject: [socialcredit] U.S. Economic data
>
>
> >
> > The attached file (around 70 kb) contains some interesting economic data
> > for the U.S., spanning a
> > period of 24 years. It has been abstracted from a recent article that I
> > wrote, and would seem to be
> > relevant to a current discussion on this list. Any comments on its
> > significance will be appreciated.
> >
> > Regards,
> > John Hermann
> >
> >
> > ---------------------------------------------------------------------
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>
>
> ---------------------------------------------------------------------
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