| Subject: | Re: [socialcredit] The Question of Exports | | Date: | Sunday, October 1, 2006 12:20:07 (-0600) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
| In reply to: | Message 4308 (written by William Hugh McGunnigle) |
One other device that could be used in connection with exports, is to agree
to receive payment in the currency of the receiving country (which might
well be "frozen" or made non-convertible into other currencies). This would
avoid the problem of third world countries busting themselves to earn
dollars with which to repay World Bank loans. Instead, the World Bank, or
other overseas lender, would be obliged to spend the payment within the
country to which the export had been made, so stimulating the economy there.
Martin Hattersley
5929 - 189 St.,
EDMONTON AB CANADA T6M 2J1
Phone (780)483-5442.
jmartinh@shaw.ca
e-mail: hattersleyjm@interbaun.com
----- Original Message -----
From: "William Hugh McGunnigle" <wmcgunn@maxnet.co.nz>
To: <socialcredit@elistas.com>
Sent: Saturday, September 30, 2006 7:28 PM
Subject: Re: [socialcredit] The Question of Exports
> This observation came from my brother Singapore. With regards to exports
> and contractual work tendered in countries like S. Korea amd Taiwan they
> have devised an ingenious but perfectly legal method of ensuring that
> their prices always beat their competitors.
> In contractual bids they gain a general idea of their competitor's bids
> and then approach their governments for an exchange rate concession. This
> ensures that the Reserve Banks of S Korea and Taiwan adjust the exchange
> rate for that company to ensure that the company's bid will beat any
> competitors.
> Their export goods are costed in a similar manner. A personal rate for
> the company for each country with whom they are trading. The returns from
> this are enormous, and benefit those country's to the disadvantage of
> everyone else.
> This appears to be the ultimate in exchange rate manipulation and
> impossible to police or circumvent.
> Thought it might throw some light on some of the more bizarre terading
> deals that have taken place over the last half century.
> Bill Mc G
> ----- Original Message -----
> From: "MODERATOR" <socredus@yahoo.com>
> To: <socialcredit@elistas.com>
> Sent: Sunday, October 01, 2006 4:45 AM
> Subject: [socialcredit] The Question of Exports
>
>
>> *The New Age*
>> December 1, 1921
>> The Question of Exports.
>> By C. H. Douglas.
>>
>> The editor has passed on to me two letters which seem
>> to indicate some confusion of thought as to the
>> bearing of a modified credit system on export Trade.
>> Both these letters quote statistics of wheat
>> production and consumption with a view to throwing
>> some doubt on our capacity to grow our own food.
>>
>> Now, ultimately, statistics are indispensable to sound
>> practical politics, but to the writers of these
>> letters, as well as to others who may be tempted to
>> attack the problem on the basis of official
>> statistics, it may be emphasised that it is nearly
>> irrelevant to the primary issues whether this country
>> can feed it's population off its own acreage or not.
>> It is quite arguable that it can; and it is also
>> arguable that it would be bad business for it to try.
>>
>> These issues are:
>> (I) Are there inducements operating towards the best
>> use of the land we have?
>> (2) If we export services (i.e., the energy element of
>> production) do we get the best real price for them?
>>
>> In regard to (1), and leaving out of the argument, for
>> the moment, the indisputable fact that the acreage
>> under wheat is steadily decreasing decade by decade,
>> consider the position of the farmer. He, like everyone
>> else at present, is in business to make money, not to
>> deliver goods. It is quite true that he makes money by
>> selling things, but he can easily make more money by
>> selling less goods at a higher price, than vice versa.
>>
>>
>> Now wheat is one of a fairly small group of
>> commodities over the price of which the individual
>> producer has practically no control whatever. It is a
>> graded homogeneous product bought in bulk by experts
>> who have a strictly finite demand for it, and the
>> price paid is under existing conditions purely fixed
>> by supply and demand whether unfettered or
>> artificially stimulated by rings, and is not directly
>> based on cost.
>>
>> Normally, a given amount of foreign wheat is
>> contracted for in this country-bought on "futures" by
>> grain brokers whose price fixes a datum line for
>> home-grown wheat. So long as wheat is in short supply
>> as compared with the demand, the price rises and
>> everyone engaged in the grain trade, either as
>> producer or dealer, may benefit, although no doubt
>> most of the benefit goes to the dealer.
>>
>> The relation of the farmer to this situation must
>> surely be plain. The one situation he must avoid at
>> all costs is that produced by throwing grain on the
>> market in any quantity which will bring down prices,
>> that is to say, slacken the demand or competition to
>> buy. His criterion of a satisfactory output,
>> therefore, bears no relation to what amount of wheat
>> the public requires, or what amount the land will
>> produce, but rests fundamentally on, firstly, the
>> operations of the grain brokers and, secondly, an
>> estimate of what margin of profit can be extracted
>> from the market by keeping it short of wheat without
>> causing a secondary movement of grain from other
>> markets.
>>
>> As transportation facilities improve, the proposition
>> becomes less and less attractive to the farmer who is
>> driven more and more to the production of perishable
>> goods, such as eggs, butter and milk, whose nature
>> enables him to control the local market, or to the
>> raising of stock on which the transportation charges
>> and risks are heavy.
>>
>> The first prime question can therefore be answered
>> quite confidently in the negative.
>>
>> In regard to the second point, let us assume that the
>> magnitude, at any rate of our imports of foodstuffs,
>> is a reasonable subject of discussion and policy. It
>> is evident that there is a point at which it is
>> debatable whether we should grow the last few million
>> quarters of wheat required on land which may not be of
>> the most suitable description, or whether it is sound
>> business management to obtain this wheat by the
>> exchange for it of manufactured goods-that is to say,
>> by an export of economic energy.
>>
>> It does not take much consideration to see that the
>> answer to this is purely quantitative: how much wheat
>> are we to get for a given energy export?
>>
>> It is true enough, as our super-industrialists and
>> orthodox economists are always telling us, that
>> imports are paid for by exports, but, on the whole,
>> they are content to leave it at that. They do not
>> explain, for instance, how a population which most
>> certainly cannot, and does not, buy its own total
>> production for cash (if it could, there would be no
>> necessity either for home or export credits, and no
>> "unemployment" problem), can become able to buy the
>> imports which are exchanged for the unpurchasable
>> surplus.
>>
>> They do not, again, explain how a textile worker, paid
>> wages for converting a bale of raw cotton worth, say,
>> into goods worth, say, can benefit if in return for
>> these manufactured goods two more bales of raw cotton
>> at are received-a condition common to Trade booms. Nor
>> do they generally publish the fact that English
>> machinery is often sold to export agents abroad at far
>> lower prices than those at which the same machinery
>> can be obtained at home, or that it is possible to
>> buy, in the bazaars of Bombay, a shirt made in
>> Lancashire for a quarter the price at which the same
>> shirt can be bought retail in Manchester.
>>
>> The simple facts are that, under existing
>> arrangements, our principal pre-occupation is the
>> provision of employment--the making of work. On this
>> simple canon hangs the Law and the profits.
>>
>> When, therefore, a locomotive is required for the
>> Argentine, and assuming for the moment that it is in
>> any sense sold in the open market, there is a
>> competition, open to the industrial nations of the
>> world, to sell locomotives and to buy wheat, with the
>> usual and logical result that wheat appreciates in
>> price in terms of locomotives, the industrial
>> exporting country continually gives more, and the
>> exporting agricultural country continually less,
>> economic energy in every bargain.
>>
>> In order to make a bargain which is Just, i.e.,
>> judicious, the industrial nation must be restored to
>> the position of a free, not a forced, seller, just as
>> to restore social equilibrium inside the nation the
>> individual must be put in the position of a free, not
>> a forced, worker. The arrangements which would fulfil
>> these desiderata are already sufficiently familiar in
>> principle to readers of *The New Age.*
>> -
>>
>> __________________________________________________
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>> ---------------------------------------------------------------------
>> Some introductory materials to the discussion topic of this list are at
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>
>
> ---------------------------------------------------------------------
> 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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