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Thanks Bill,
I have heard it was a third that the money supply
was reduced by so I guess its a 'round figure'amount. I hadnt heard of the
three day call matter and that makes it clearer, and the rest of what you said
sounds very likely.
I recall an anlsis by Douglas of Roosevelts New
Deal and it corrsponded to the Thrid Reich very closely. Reading elsewhere
I got the impression that much of what Roosevelt actually started out as
proposals were never actually implimented.
Peter H
----- Original Message -----
Sent: Sunday, January 14, 2007 9:48
AM
Subject: Re: [socialcredit] Money supply
etc.
Hi Peter
Your
comment about money scarcity and the great crash of 1929 are very pertinent.
It has now been established quite categorically that the Federal Reserve
triggered the crash by refusing to advance the short term loans (3 day or "on
Call funds") that were the cornerstone of share trading. This forced
those with due loans to put their shares on the market for whatever price they
could get simply to meet their loan obligations. In this respect it could be
said that the great crash was "engineered" by the financial market to
undermine confidence in the share market and deliberately force down the
rising price of shares. It is known that many influential financiers who knew
that the Federal Reserve was going to take this action withdrew their funds
from the share market prior to the fatal day converting them into fluid assets
that could then be used to buy up shares at knock down prices. This has been
the source of much "conspiracy theory" speculation over the years. It is also
documented that the Federal Reserve actively reduced the money supply into the
US economy between 1929 and 1934 by about 30%. This is often quoted as the
real reason why the "Great Depression" took place and took so long to enable
trade to reestablish itself. Significantly it was only an expansion of the
money supply started under Rousevelt's "New Deal" policies and expanded during
WW2 that really started the economic recovery
of the late 1930's and 1940's.
Bill Mc G
----- Original Message -----
Sent: Saturday, January 13, 2007 1:19
PM
Subject: Re: [socialcredit] Money
supply etc.
I made a negative comment on a forum regards
this 'excuse' for a cause of the great depression, although mindful that
sunspots can effect crops/prices, and an economist responded by
giving a quote and a graph which explained/showed the validity of
the effects in the past, but not as to any report in relation to the
Slump.
I recently read something in passing that due
to the drastic reduction in the money supply that people/businesses were
forced into selling shares to obtain money which started the
collapse in share values.
Peter.
----- Original Message -----
Sent: Saturday, January 13, 2007 8:51
AM
Subject: Re: [socialcredit] Money
supply etc.
Thanks for that. I was confused on that point. But I think
the "superstition" comment is valid. That is supported by a similar
attempt to link certain wolf/deer population cycles to sunspots. The
comparison was most convincingly in step for a good many years, but
eventually became as completely out of step, showing two similar but
unrelated cycles.
Also, any Social Crediter realises that the cause was a reduction in
issue of new credit by the banks. whether initiated by them or by lack of
confidence to borrow by industry, which possibly could have some
extra-terrestrial cause, or a mixture of both which is likely.
Whatever, the cure was readily apparent, and to ignore it most certainly
in the irrational domain.
Regards. John
R.
From: Wallace Klinck <wmklinck@shaw.ca>
Reply-To:
socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: Re: [socialcredit] Money
supply etc.
Date: Fri, 12 Jan 2007 23:21:57 -0600
It was not Hayek
but William
Stanley Jevons, 1835-1882, English economist and logician who,
simultaneously with Carl Menger and Léon Walras, launched the
Marginalist
Revolution of 1871-4 which gave birth to Neoclassical economics.
Jevons prepared a paper in which he advanced the idea that the cycles of
the sun had and effect on growing patterns which affected supply and
demand so as to alter the price level--and, consequently, accounted for
the cyclical nature of the economy. He believed, I think, that
efficiency had a negative side in that it leads to reduced prices and,
consequently, to increased demand and a scarcity of resources.
During the mid 1870's he devised a computer of sorts which could perform
operations at a "super-human" rate. Some Social Credit authors
have likened his "sunspot" theories to superstition and have criticized
his ideas about inevitable scarcity as
unfounded.
Sincerely
Wally
On 11-Jan-07, at 1:32 PM, John G Rawson wrote:
Quickly available data for NZ shows that the proportions of
bank deposits to total M1 in NZ in the past were: 1935 -
56%, 1945 - 65%, 1955 - 75%. The present is about
97%.
In passing, wasn't Hayek the bright gentleman that tried to
atribute the slump to the sunspot cycle?
Regards. John
R.
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