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The price of real estate seems to be going
up in numerous countries, has been here as well and no new
industries. I beleive it has been a flow on from the cheap US
dollar when the interest rate kept going down and down. I
suspect the boom has been driven by finance companies and the banks to stimulate
economies and increase their profits.
Peter H
Sent: Friday, March 24, 2006 9:49
AM
Subject: Re: [socialcredit] special
attention jeff
John R. -
Inflation sure is beginning to take off in
Alberta - especially in oilsands boom town Fort McMurray, where housing has
almost doubled in price in the past five years. Money is pouring into the city
in wages for construction and oilfield workers, financed by investors who
presumably got their funds from a bank, and the impact on prices, especially
the price of labour, is very noticeable.
What concerns me is the amount of housing going
up generally in Alberta, financed by high ratio low interest mortgages. If the
pace of house construction slows, the amount of cash to be taken out of the
local economy through mortgage payments will be
astronomical.
----- Original Message -----
Sent: Wednesday, March 22, 2006 10:28
PM
Subject: Re: [socialcredit] special
attention jeff
Would you care to give us one current example of "too much cash causing
inflation?". And if so, where did the cash come from and what effect will
that have on the econolmy in future?
The NZ experience was that inflation of prices was at its worst at a
time when the ratio of "cash" to goods was being reduced drastically.
But interest rates were highest. Regards. John R.
From: Jeffery Smith <jjs@geonomics.org>
Reply-To:
socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: Re: [socialcredit] special
attention jeff
Date: Tue, 21 Mar 2006 22:37:41
-0800
>On Mar 21, 2006, at 7:34 AM, Triumphofthepast@aol.com
wrote:
>>
>> "Can you give an example of an aspect of
cultural [heritage] not
>>showing up as a site value somewhere?"
(Jeff)
>>
>> Yes, a shovel.
>
>Try again.
What was the value of land before the shovel? What was it
>after?
What was the value of Egypt before the plow? What was it
>after?
What was the value of Arizona before irrigation? What was it
>after? What was the value of suburbia before cars? What was it
>after? What was the value of Cape Canaveral before rocketry? What
>was it after? See?
>
>>Are there costs that go into
the potatoes that are not included in
>>the rent?
Obviously there are. It is true that the rent reflects
>>the fact that the ground is near civilization, where shovels
are to
>>be had. But I still had to buy the shovel, not to
speak of
>>fertilizer, etc. The rent alone, distributed,
is not enough to buy
>>the potatoes.
>
>Nor should
it be.
>
>> The Social Credit dividend is simple.
Here are the potatoes,
>>here is the money - enough to cover all
the costs that went into
>>the potatoes, including the
rent.
>
>Even without the surplus cash or credit of SC, there
can easily be
>enough money to represent the exchange value of all
goods and
>services in exchange. Just legalize competing
currencies. The bigger
>problem is too much excess cash creating
inflation.
>
>> The rent TODAY, on the other hand,
constitutes cost of a FUTURE
>>crop.
>
>Sort of.
More precisely, it's how much people are willing to spend
>to call
some site theirs, based on anticipated value, whether from a
>crop
or a mine or a deep harbor or simply a lovely view.
>
>>You
said, 'Rent is a natural phenomenon'; but there's nothing
>>natural about saying the cost of a future crop increases
because
>>today's crop was good.
>
>What's natural
is the market. Bidding on land is a market process.
>
>>to
ask production to do double-duty as our money-distributing
>>machine is to hamstring it as far as its real purpose
goes.
>
>Good point. Issue any needed new notes to newcomers,
who'll consume
>then produce.
>
>>it is a mistake to
make the Dividend, whose purpose is to
>>distribute goods
already available,
>
>That's one "dividend", but the full
array of income - wages,
>"interests" (returns on physical capital,
not financial capital),
>and a share of "rent" (Earth's worth) -
can do the job splendidly.
>
>> conditional on someone
paying us rent-costs for future
>>production.
>
>Everyone pay rent for excluding
others, sometimes based on expected
>output (as you explained
above), sometimes on the mere anticipated
>psychic joy of a
spectacular view.
>
>> P.S. You didn't take me up on
my offer of a 20-page introductory
>>piece on social
credit. Is that because you are not interested?
>
>It's
because your explanations engage me while the longer piece is
>an
unknown quantity. Some minds learn best engaged in exchange of
>ideas. Mine is one of them.
>
>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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