| Subject: | Re: [socialcredit] a new black magic? | | Date: | Thursday, May 18, 2006 10:35:52 (-0600) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
| In reply to: | Message 4033 (written by W. McGunnigle) |
In my brief to the MacDonald Royal Commission in 1983, I did analyze statistics
from Canada's "National Accounts, Income and Expenditure" and the "Bank of Canada
Statistical Summary", from which it was possible to trace a close correlation
between changes in the M3 money supply and changes in the consumer price index,
when the amount of capital investment taking place at any time was factored in.
The effect of Government price controls during two periods was particularly
interesting, since they delayed a predicted rise in the cost of living, at the
expense of a rise to the predicted level as soon as they were taken off.
Although the invention of "plastic money" may make the statistics more difficult
to analyze, I do believe that it is perfectly possible to obtain the statistics
needed to plan the issue of the national credit supply on a rational basis.
Almost anything would be better than the "positive feedback" of our bank credit
system, leading to cycles of inflation and depression, that we suffer from at the
present time.
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: W. McGunnigle
To: socialcredit@elistas.com
Sent: Wednesday, May 17, 2006 6:43 PM
Subject: Re: [socialcredit] a new black magic?
Hi Michael
I agree, but unfortunately the figures we have available to
assess the financial situation are inaccurate (for reasons I have documented
elsewhere). Thus what should be a simple and straightforward equation has to
include factors to correct the inaccuracies. The only way of finding these
factors is to back track over previous history of international financial
transactions to determine the variations and thereby find the correction
constants. This involves statistical analysis and regression lines.
Modern accounting adds to the complications, because it is designed to be
specifically comprehensible to those in the trade. In reality accounting figures
for financial prediction are not only unreliable, but, in many cases,
deliberately deceptive.
Being a trained scientist as well as an historian I too would like to rid
the financial sector of the chicanery that bedevils that area of human endeavour,
but, until we do, we can only accept the simple imperical expression that Douglas
has stated on faith. I believe his basic axiom is valid, and that we will
eventually prove our point beyond reasonable doubt, but that will be when a more
transparent system of public accountablity comes to fruition.
Thank you for your observations Michael. They are pertinent and important.
They also remind us that the complications designed into modern accounting are an
impediment to explaining our simple message. We should emphasise the simplicity
of our concepts against those wishing to encapsule money management in a cloak of
mystery.
Bill McG
----- Original Message -----
From: Triumphofthepast@aol.com
To: socialcredit@elistas.com
Sent: Thursday, May 18, 2006 12:17 AM
Subject: [socialcredit] a new black magic?
"The simplest equation(s) I have found attempting to use the A+B theorem to
predict and explain financial events involve 4th order differential equations.
These, on integration, require definitions for no less than 4 unknown constants."
(Bill M.)
I find this somewhat insane. Douglas complained of the black-magic
legerdemain of orthodox finance, and are we now creating a new black-magic for a
new orthodox finance? A new priesthood?
The A+B Theorem is just an expression in mathematical language of what
Douglas elsewhere explained in English: Payments to individuals today are one
thing and the payments to individuals that make up the cost-history of the goods
on the shelf today are another; and the natural effect of advancing technology is
to create a shortfall of the former in relation to the latter. The mathematics
is no more complicated than the English.
Michael
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<DIV><FONT face=Georgia size=2>In my brief to the MacDonald Royal Commission in
1983, I did analyze statistics from Canada's "National Accounts, Income and
Expenditure" and the "Bank of Canada Statistical Summary", from which it was
possible to trace a close correlation between changes in the M3 money supply and
changes in the consumer price index, when the amount of capital investment
taking place at any time was factored in. The effect of Government price
controls during two periods was particularly interesting, since they delayed a
predicted rise in the cost of living, at the expense of a rise to the predicted
level as soon as they were taken off.</FONT></DIV>
<DIV><FONT face=Georgia size=2></FONT> </DIV>
<DIV><FONT face=Georgia size=2>Although the invention of "plastic money" may
make the statistics more difficult to analyze, I do believe that it is perfectly
possible to obtain the statistics needed to plan the issue of the national
credit supply on a rational basis. Almost anything would be better than the
"positive feedback" of our bank credit system, leading to cycles of inflation
and depression, that we suffer from at the present time.</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
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=wmcgunn@maxnet.co.nz href="mailto:wmcgunn@maxnet.co.nz">W.
McGunnigle</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> Wednesday, May 17, 2006 6:43
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [socialcredit] a new black
magic?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Hi Michael</FONT></DIV>
<DIV><FONT face=Arial
size=2>
I agree, but unfortunately the figures we have available to assess the
financial situation are inaccurate (for reasons I have documented elsewhere).
Thus what should be a simple and straightforward equation has to include
factors to correct the inaccuracies. The only way of finding these factors is
to back track over previous history of international financial transactions to
determine the variations and thereby find the correction constants. This
involves statistical analysis and regression lines.</FONT></DIV>
<DIV><FONT face=Arial size=2> Modern accounting adds
to the complications, because it is designed to be specifically comprehensible
to those in the trade. In reality accounting figures for financial
prediction are not only unreliable, but, in many cases, deliberately
deceptive.</FONT></DIV>
<DIV><FONT face=Arial size=2> Being a trained
scientist as well as an historian I too would like to rid the financial sector
of the chicanery that bedevils that area of human endeavour, but, until we do,
we can only accept the simple imperical expression that Douglas has stated on
faith. I believe his basic axiom is valid, and that we will eventually prove
our point beyond reasonable doubt, but that will be when a more transparent
system of public accountablity comes to fruition.</FONT></DIV>
<DIV><FONT face=Arial size=2> Thank you for your observations
Michael. They are pertinent and important. They also remind us that the
complications designed into modern accounting are an impediment to
explaining our simple message. We should emphasise the simplicity of our
concepts against those wishing to encapsule money management in a cloak of
mystery.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2> Bill McG</FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT:
#000000 2px solid; MARGIN-RIGHT: 0px">
<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> Thursday, May 18, 2006 12:17
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [socialcredit] a new black
magic?</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial size=2
PTSIZE="10" FAMILY="SANSSERIF">"The simplest equation(s) I have found
attempting to use the A+B theorem to predict and explain financial events
involve 4th order differential equations. These, on integration, require
definitions for no less than 4 unknown constants." (Bill M.)<BR><BR>I find
this somewhat insane. Douglas complained of the black-magic
legerdemain of orthodox finance, and are we now creating a new black-magic
for a new orthodox finance? A new priesthood?<BR><BR>The A+B Theorem
is just an expression in mathematical language of what Douglas elsewhere
explained in English: Payments to individuals today are one thing and the
payments to individuals that make up the cost-history of the goods on the
shelf today are another; and the natural effect of advancing technology is
to create a shortfall of the former in relation to the latter. The
mathematics is no more complicated than the English.<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 wmcgunn@maxnet.co.nz
For more information, visit http://www.eListas.com/list/socialcredit
<P></P></PRE>
<P></P></BLOCKQUOTE></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
<P></P></PRE>
<P>
<P>
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