| Subject: | [socialcredit] Fw: offlist---Re: ELECTRONZ - 611 | | Date: | Thursday, March 30, 2006 00:12:52 (-0700) | | From: | Wallace M. Klinck <wmklinck @....ca>
|
----- Original Message -----
From: "William B. Ryan" <w_b_ryan@yahoo.com>
To: "Wallace M. Klinck" <wmklinck@shaw.ca>
Sent: Tuesday, March 28, 2006 3:04 AM
Subject: offlist---Re: ELECTRONZ - 611
> Wally, will you please re-post this message to list
> socialcredit?
>
> Thanks.
>
>
> --- "Wallace M. Klinck" <wmklinck@shaw.ca> wrote:
Don [Bethune],
Obviously, the Zarlenga proposals are not Social Credit and appear to be,
in fact, in many ways its antithesis. Among other things, they would seem
to give the state a monopoly over this issue of money or credit, aim for
price "stability" rather than a falling price-level, incorporate a public
policy of "full-employment" (implying that "work" should be the essential
required basis of consumer access to goods and services) rather than
providing opportunity for increasing leisure--and they do not provide for
increasing consumer control of production policy. This is all reminiscent
of fascism and/or Bolshevism, I would think. See Bill Ryan's recent quote
from British Fascist leader Sir Oswald Mosley where the latter specifically
rejects Major Douglas's proposals for direct consumer credits as entirely
incompatible with (British) fascist principles.
Wally
>>
>> ----- Original Message -----
>> From: "Electronz Ezine" <electronz@dominc.net>
>> To: <wmklinck@shaw.ca>
>> Sent: Monday, March 27, 2006 7:16 PM
>> Subject: ELECTRONZ - 611
>>
>>
>> > ELECTRONZ - 611
>> > 28 March 2006
>> > Weekly international Ezine focusing on the New
>> Economics
>> >
>> >
>>
> ============================================================================
>> >
>> > In this issue:
>> >
>> > [ 1 ] AMI IN ACTION
>> >
>> >
>>
> ============================================================================
>> >
>> > [ 1 ] AMI IN ACTION
>> >
>> > Introductory Comments:
>> >
>> > "Stepping past the local currency enthusiasts, who
>> seem to either not understand how the present privately owned credit
>> creating racket operates - or are frightened of upsetting it, there is
>> one
>> common principle that can be found among the plethora of real (as
>> distinct
>> from superficial) monetary reform proposals. It is that the inherent
>> benefit
>> in creating the nation's money supply belongs to the community, and that
>> where it has been usurped by a privately owned institution, such as the
>> banking
>> fraternity, then if this civilization is to progress with an equitable
>> sharing of the wealth it is
>> > producing, then that right must be repossessed by the state on behalf
>> > of
>> > the populace.
>> >
>> > The AMI, driven by author and Director Stephen Zarlenga, has developed
>> > a
>> > blueprint for such a repossession exercise, aimed specifically at the
>> > worlds
>> > wealthiest (and most indebted) country. We are please to reproduce
>> > that
>> > blueprint:
>> >
>> > AMERICAN MONETARY ACT
>> >
>> > An Act to restore the Constitutional power to create Money to the
>> > Congress of the United States
>> >
>> > Be it enacted by the Senate and House of Representatives of the United
>> > States of America in Congress assembled,
>> >
>> > SEC 1. SHORT TITLE
>> >
>> > This Act may be cited as the American Monetary Act
>> >
>> > SEC 2. FINDINGS
>> >
>> > The Congress finds that -
>> >
>> > (1) The Federal Reserve Act of 1913 effectively ceded the sovereign
>> > power to create Money delegated to Congress by the Constitution to the
>> > private financial industry.
>> > (2) This cession of Constitutional power has resulted in a multitude of
>> > monetary and financial afflictions, including an uncontrollable
>> > national debt, excessive taxation of citizens, inflation of the
>> > currency, drastic increases in the cost of public infrastructure
>> > investments, excessive un-and under-employment, and erosion of the
>> > ability of Congress to exercise its Constitutional responsibilities to
>> > provide for the common defense and general welfare.
>> > (3) The issue of means of exchange by private financial institutions as
>> > interest-bearing debts should cease once and for all.
>> > (4) The power of Government to create Money and spend or loan it into
>> > circulation as needed is similar but different in nature from the power
>> > to create and market instruments of indebtedness; it eliminates the
>> > need to pay interest charges to financial institutions and removes
>> > their undue influence over public policy.
>> > (5) Direct disbursement of United States Money can be readily and
>> > easily implemented, including replacement of Federal Reserve Notes and
>> > retirement of debt.
>> > (6) The Federal Reserve System shall be retained as a central bank of
>> > issue, a national fund processing clearinghouse, and a fiscal agent for
>> > the Government and should be incorporated within the
>> US Treasury. It should no longer be utilized to introduce liquidity into
>> the currency system through interest-bearing debts.
>> > (7) Government policy with regard to monetary supply should be based on
>> > the principle of furnishing sufficient liquidity to support the
>> > reasoned sustainable expansion of the physical economy, providing for
>> > the common defense and general welfare of the United States, and full
>> > employment of the nation's working population.
>> >
>> >
>> > TITLE I - DISBURSEMENT OF UNITED STATES MONEY
>> >
>> > SEC. 101 AUTHORIZATION FOR DISBURSEMENT
>> >
>> > Not later than 90 days after the effective date of this section, all
>> > United States Government disbursements shall be denominated in United
>> > States Money, the nominal unit being the U.S. Dollar.
>> >
>> > SEC. 102 LEGAL TENDER
>> >
>> > United States Money shall enter into general domestic circulation as
>> > full legal tender in payment of all debts public and private.
>> >
>> > SEC. 103 NEGATIVE FUND BALANCES
>> >
>> > The Secretary of the Treasury shall directly issue United States Money
>> > to account for any differences between Government appropriations
>> > authorized by Congress under law and available Government receipts.
>> >
>> > Note: The fact that Treasury will be able to make disbursements based
>> > on direct issuance of United States Money for negative fund balances
>> > reflects Congress's Constitutional authority to "coin Money", because
>> > Congress will then have the ability to adjust the amount of Money so
>> > created by regulating both appropriations as well as revenues from
>> > taxation and other sources.
>> > The focal point of power will be the House of Representatives as the
>> > initiator of revenue bills. Restoring to Congress its Constitutional
>> > authority will shift the ability to create Money and enter it into
>> > circulation from the private banking industry to our elected
>> > representatives, as the Constitution mandates.
>> >
>> > SEC. 104 FORECASTING OF DISBURSEMENT REQUIREMENTS
>> >
>> > The Secretary shall:
>> >
>> > (1) forecast disbursement requirements on a daily, monthly, and annual
>> > basis;
>> > (2) provide such forecasts to Congress and the public;
>> > (3) integrate forecasts with the Federal budget process;
>> > (4) maintain a sufficient research capability to continuously and
>> > effectively assess the impact of disbursement of United States Money
>> > on all aspects of the domestic and international economies;
>> > (5) report to Congress and the public regularly on the economic impact
>> > of disbursements of United States Money and the status of the monetary
>> > supply.
>> >
>> > SEC. 105 MONETARY CONTROL
>> >
>> > (1) The Secretary shall pursue the policy that the supply of money in
>> > circulation should not become inflationary nor deflationary in and of
>> > itself.
>> > (2) Monetary supply targets shall be established by a Monetary Control
>> > Board consisting of nine public members appointed for staggered
>> > six-year terms by the President with the advice and consent of the
>> > Senate and reporting for administrative purposes to the Secretary.
>> > (3) Responsibility to regulate the monetary supply in reasonable
>> > accordance with targets established by the Monetary Control Board shall
>> > rest with the Secretary of the Treasury.
>> > (4) The Secretary shall report to Congress any discrepancies between
>> > targets and supply in excess of two percent at the end of each quarter.
>> >
>> > SEC. 106. DISBURSEMENT IN LIEU OF BORROWING
>> >
>> > (1) Disbursement of United States Money under this Act shall be made in
>> > lieu of borrowing through Treasury instruments.
>> > (2) Such borrowing shall cease as of the date stated in Section 101 of
>> > this title, unless otherwise authorized by Congress;
>> > (3) Nothing in this Act shall prevent Congress from exercising its
>> > Constitutional authority to borrow on the full faith and credit of the
>> > United States.
>> >
>> > SEC. 107 ACCOUNTING
>> >
>> > The Secretary shall account for the disbursement of United States Money
>> > and of current fund balances through accounting reports maintained and
>> > published by the Secretary and by departments and agencies of the
>> > Government. The General Accountability Office shall conduct an
>> > independent audit every second year.
>> >
>> > TITLE II - RETIREMENT OF INSTRUMENTS OF
>> INDEBTEDNESS
>> >
>> > SEC. 201 COMMENCEMENT OF RETIREMENT
>> >
>> > Not later than one year from the effective date of this section, the
>> > Secretary shall commence to retire all outstanding instruments of
>> > indebtedness of the United States by payment in full of the amount
>> > legally due the bearer in United States Money, as such amounts become
>> > due.
>> >
>> >
>> >
>> > CONCLUDED NEXT WEEK
>> >
>> >
>>
> ============================================================================
>> > Thank you for your ongoing support.
>> > As always, your feedback is welcome and
>> appreciated.
>> > For all past issues the archive link is:
>> > www.electronz.cjb.net
>> > electronz@ihug.co.nz - Current Backup is:
>> electronz@dominc.net
>> > Copyright Electronz, 2006.
>> >
>> >
>>
> ============================================================================
>> >
>> >
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>> >
>>
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>
>
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