| Subject: | Re: [socialcredit] "neweconomics" | | Date: | Friday, March 31, 2006 21:09:20 (-0700) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
| In reply to: | Message 3735 (written by Triumphofthepast) |
If I could butt in -
It seems to me that the essence of Douglas's A+B observation is that, whenever
capital investment of any kind is financed by newly created Bank credit, the
community pays through inflation at the time of that investment, for goods that
will only appear on the market at a later time.
It is therefore essential that some form of economic device (dividend or price
discount) be made available to consumers so that they will have the ability to
cover the full cost of these goods when they ultimately reach the market.
If we do not do this, then the community is forced into ever greater and less
and less useful capital development (financed by ever more bank credit) as a
means of giving it the income it needs to purchase what is already on the market.
Alternatively, consumers (including governments) pay for these goods and
services by going deeper and deeper into debt.
I believe that the above will explain most of the economic and ecological
malaise going on in the world at the present time.
- - - - -
By the way, I have just finished reading John Perkins' "Confessions of an
Economic Hit Man". It is essential reading - and is extremely well written.
Highly recommended.
Martin Hattersley
1970-10123-99 St.,
EDMONTON AB CANADA
Phone (780)423-4081;Fax(780)425-5247
e-mail: hattersleyjm@interbaun.com
----- Original Message -----
From: Triumphofthepast@aol.com
To: socialcredit@elistas.com
Sent: Friday, March 31, 2006 2:13 PM
Subject: Re: [socialcredit] "neweconomics"
Thanks, Joe.
"allow his full extrapolation to finally be viewed in its entirety"
The best way to do that would be to write it down in the form of an article,
as I have been begging him to do for a long time, so that one can respond to the
whole thing as a whole, instead of to pieces that appear in the course of
discussion. I think he shrinks from the commitment of a formal article, which
would then hold him to account. So far as I know, Bill has never written a
single article on social credit, only a dissertation-in-progress that no one is
allowed to see. You can pass this on if you see fit, and if he ever does commit
his ideas to a formal article, make sure I get a copy. Otherwise, I don't see
the point of more endless debate.
Michael
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<DIV><FONT face=Georgia size=2>If I could butt in -</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>It seems to me that the essence of Douglas's A+B
observation is that, whenever capital investment of any kind is financed by
newly created Bank credit, the community pays through inflation at the time of
that investment, for goods that will only appear on the market at a
later time.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>It is therefore essential that some form of
economic device (dividend or price discount) be made available to consumers
so that they will have the ability to cover the full cost of these goods when
they ultimately reach the market.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>If we do not do this, then the community
is forced into ever greater and less and less useful capital development
(financed by ever more bank credit) as a means of giving it the income it
needs to purchase what is already on the market. Alternatively, consumers
(including governments) pay for these goods and services by going deeper and
deeper into debt.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>I believe that the above will explain most of the
economic and ecological malaise going on in the world at the present
time.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>- - - - -</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>By the way, I have just finished reading John
Perkins' "Confessions of an Economic Hit Man". It is essential reading -
and is extremely well written. Highly recommended.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV>Martin Hattersley<BR>1970-10123-99 St., <BR>EDMONTON AB CANADA<BR>Phone
(780)423-4081;Fax(780)425-5247<BR>e-mail: <A
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></DIV>
<BLOCKQUOTE
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=Triumphofthepast@aol.com
href="mailto:Triumphofthepast@aol.com">Triumphofthepast@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=socialcredit@elistas.com
href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, March 31, 2006 2:13
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit]
"neweconomics"</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT lang=0 face="Goudy Old Style"
size=3 FAMILY="SERIF" PTSIZE="12">Thanks, Joe.<BR><BR>"allow his full
extrapolation to finally be viewed in its entirety"<BR><BR>The best way to do
that would be to write it down in the form of an article, as I have been
begging him to do for a long time, so that one can respond to the whole thing
as a whole, instead of to pieces that appear in the course of
discussion. I think he shrinks from the commitment of a formal article,
which would then hold him to account. So far as I know, Bill has never
written a single article on social credit, only a dissertation-in-progress
that no one is allowed to see. You can pass this on if you see fit, and
if he ever does commit his ideas to a formal article, make sure I get a
copy. Otherwise, I don't see the point of more endless
debate.<BR><BR>Michael</FONT>
<P><PRE>---------------------------------------------------------------------
Some introductory materials to the discussion topic of this list are at
http://www.geocities.com/socredus/compendium
You're subscribed to this list with the email hattersleyjm@interbaun.com
For more information, visit http://www.eListas.com/list/socialcredit
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