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Messages from 4561 to 4620
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| Subject: | Re: [socialcredit] Economic Democracy | | Date: | Monday, March 19, 2007 23:44:06 (+0000) | | From: | John G Rawson <johngrawson @.......com>
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| In reply to: | Message 4594 (written by Richard Cook) |
What on Earth does a central bank need reserves for? Does the Fed. R. act
partly as a commercial bank too? Or am I confusing the system you have where the
central bank is not publicly owned?
Regards. John R.
From: "Richard Cook" <rickycook21@hotmail.com>
Reply-To:
socialcredit@elistas.com
To: socialcredit@elistas.com
Subject: Re:
[socialcredit] Economic Democracy
Date: Mon, 19 Mar 2007 16:19:46
-0400
>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.
>
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>>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
>> >
>>
>
>> >
>> >____________________________________________________________________________________
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introductory materials to the discussion topic of this list
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>
>_________________________________________________________________
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tax season, make sure to follow these few simple tips
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