| Subject: | Re: [socialcredit] Economic Democracy | | Date: | Monday, March 19, 2007 16:19:46 (-0400) | | From: | Richard Cook <rickycook21 @.......com>
|
| In reply to: | Message 4593 (written by John G Rawson) |
Reserve requirements for federal reserve bank are 16%. The main tool for
controlling the money supply is interest rate changes. These determine
interest rates on deposits as well as loans.
>From: "John G Rawson" <johngrawson@hotmail.com>
>Reply-To: socialcredit@elistas.com
>To: socialcredit@elistas.com
>Subject: Re: [socialcredit] Economic Democracy
>Date: Mon, 19 Mar 2007 19:49:33 +0000
>
>
>What reserve requirements do you have in the US? NZ has none, and I
>thought you had gone over to control by interest rate changes too.. And do
>they apply, quite inappropriately to deposits?
>
>Regards. John R.
>
>
>From: <william_b_ryan@yahoo.com>
>Reply-To: socialcredit@elistas.com
>To: socialcredit@elistas.com
>Subject: Re: [socialcredit] Economic Democracy
>Date: Mon, 19 Mar 2007 10:44:40 -0700 (PDT)
> >I again don't see what this "fee" is supposed to
> >accomplish except perhaps in demonstrating to the
> >banks who's now in charge. Assuming of course that a
> >new regime is now in place. And I would presume that
> >this would be after a lengthy period of public
> >discourse, where the bankers themselves might have
> >become persuaded, obviating the need for the "fee."
> >
> >A more meaningful policy would be to gradually
> >increase reserve requirements on the banks as the
> >dividend/discount is gradually increased. This would
> >tighten "loan credit" as "cash credit" is increased.
> >Closing
>the gap between prices and purchasing power.
> >
> >The keyword here is "gradual," allowing accommodation
> >for unforeseen circumstances.
> >
> >
> >--- Martin Hattersley <hattersleyjm@interbaun.com>
> >wrote:
> >
> >Regarding the idea of the banks being allowed to "make
> >a draw against the National Credit".
> >
> >My idea would be that Banks, who make loans of what
> >they allege to be legal tender money but in fact is
> >thin air made valuable by people's acceptance, would
> >be charged some appropriate amount for doing so. Their
> >money creation, after all, reduces the amount
> >determined by the National Credit Office to be
> >otherwise payable to the public in Dividend and
> >Discount payments, and in fact is a form of borrowing
> >from the public at large by diluting the value of
>the
> >currency that they hold.
> >
> >As long as the charge for so doing is appropriate, I
> >see no reason why there would have to be physical
> >controls on the actual lending that takes place.
> >
> >Martin Hattersley
> >
> >
> >
> >____________________________________________________________________________________
> >Get your own web address.
> >Have a HUGE year through Yahoo! Small Business.
> >http://smallbusiness.yahoo.com/domains/?p=BESTDEAL
> >---------------------------------------------------------------------
> >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 johngrawson@hotmail.com
> >For more information, visit
>http://www.eListas.com/list/socialcredit
>
>Live Search delivers results the way you like it. Try live.com now!
>
>
>
>
>
>---------------------------------------------------------------------
>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 rickycook21@hotmail.com
>For more information, visit http://www.eListas.com/list/socialcredit
>
>
>
>
_________________________________________________________________
It’s tax season, make sure to follow these few simple tips
http://articles.moneycentral.msn.com/Taxes/PreparationTips/PreparationTips.aspx?icid=HMMartagline
|
Re: [socialcredit]
Reply to this message