| Subject: | Re: [socialcredit] The Question of Exports | | Date: | Wednesday, October 4, 2006 10:22:31 (-0600) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
| In reply to: | Message 4314 (written by William Hugh McGunnigle) |
Agreed!
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: Monday, October 02, 2006 6:38 PM
Subject: Re: [socialcredit] The Question of Exports
> Hi Martin
> See mine and John Rawson's comments on this. Your suggested
> technique is not new, and was once known as a bilateral trade agreement.
> Prior to the establishment of the IMF and World Bank it was quite common.
> The International Bankers devised the IMF/World Bank to attack this method
> of trading. GATT is designed to prevent it altogether, and thereby
> permanently establish the supremacy of the Dollar/Pound Sterling/Euro
> cartel in controlling International banking and thereby world trade.
> Manipulation of that money market is accomplished by having all oil
> purchases invoiced in US dollars thus requiring every country to hold a
> dollar reserve to purchase its oil needs. Deliberate creation of oil
> shortages forces up the price of oil causing a demand for dollars on the
> world money markets. It enables the USA to avoid internal inflationary
> pressures, and thereby run huge deficit budgets. Bilateral trade
> agreements, particularly in oil, would destroy that nice cosy set up.
> Dollars would no longer be critical to world trade. You can see the
> political implications behind any movement to promote bilateral trade
> agreements especially to the major international banks.
> Bill Mc Gunnigle
> ----- Original Message -----
> From: "Martin Hattersley" <hattersleyjm@interbaun.com>
> To: <socialcredit@elistas.com>
> Sent: Monday, October 02, 2006 7:20 AM
> Subject: Re: [socialcredit] The Question of Exports
>
>
>> 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
>>>> 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
>>>>
>>>
>>>
>>> ---------------------------------------------------------------------
>>> 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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>>>
>>
>>
>>
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>> You're subscribed to this list with the email wmcgunn@maxnet.co.nz
>> For more information, visit http://www.eListas.com/list/socialcredit
>>
>
>
> ---------------------------------------------------------------------
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> 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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