| Subject: | Re: [socialcredit] Demand effective | | Date: | Sunday, March 5, 2006 10:27:04 (+1300) | | From: | Peter Haines <cymric @.......nz>
|
| In reply to: | Message 3553 (written by Kenneth Palmerton) |
I agree Ken, and Joe was right.
Someone has claimed that the gold reserves of the know world were surpassed
by US debt at the end of world war two, I think it was.
Gold security is an illusion to fool the public into thinking that a banking
system is safe, 1914 proved it wrong when there was a run on the banks in
England. The great lie was exposed then.
Once gold has been captured by debt then the gold could simply inflate in
value to match the money supply and then infinity will feel something on its
heels. However that probably wont happen because the global plans are to
wind down the world industry and population so an independant gold standard
would be appropriate, and please the Von Mises crowd and many others. I.E.
its not a remedy for mankind.
Peter H
----- Original Message -----
From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
To: <socialcredit@elistas.com>
Cc: <kenpalmerton@cix.compulink.co.uk>
Sent: Saturday, March 04, 2006 2:47 AM
Subject: Re: [socialcredit] Demand effective
> In-Reply-To: <2b21814885e1569e2d549ed4a736cde3@geonomics.org>
> Sorry Jeffrey, but the stock of Gold coins is most definitely finite.
>
> That is the fallacy of Gold as a backing for wealth :-(((
>
> Ken.
>
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> 7bitFrom: Jeffery Smith <jjs@geonomics.org>
> Date: Thu, 2 Mar 2006 11:52:40 -0800
> To: socialcredit@elistas.com
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> Subject: [socialcredit] Demand effective
> X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
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>
> On Mar 2, 2006, at 8:35 AM, Joe Thomson wrote:
>>
>> (Jeff Smith replied:-) Wasn't exactly scare before then, just hoarded.
>>
>> (Joe comments:-) Yes, and look at HOW it was hoarded. By the
>> imposition of a 'tax' on the LAND ITSELF
>
> Please cite a time and place. Typically, hoarding land occurs where
> taxing land is absent. The introduction of a tax on land value has
> always broken up latifundia.
>
>> (Joe:-) Then why don't we do just that. A 'site tax' on property
>
> You equate site with property, ignoring many intervening steps. Cite
> some please.
>
>> Far better to share 'society's surplus' by making consumer demand
>> 'effective demand' up to the limits of its satiation, or the full
>> capability of production.
>
> It's not either or but both and. Demand is made effective by getting a
> share of recovered "rents" and the cost of land is kept from inflating
> by landowners paying land dues, keeping them in competition among
> themselves, precluding both hoarding and speculation.
>
>> If you operated under a predominantly 'gold coin' money system and you
>> repeatedly lent gold coins 'at interest', each time getting back more
>> than you'd parted with, you would, mathematically, eventually come
>> into possession of all the gold coins.
>
> Assuming the quantity of gold coins to be finite, which they are not.
>
> 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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