Norman -
I can imagine this proposal having very good "grassroots" effects in the
economy, as and when implemented.
On this international debt business - where I continually get heartrending
pleas from my Social Credit contact, Eric Encina, in the Philippines, as
typical of the plight of many indebted third world coutries - I have often
thought that instead of using international give away aid, or alternatively,
World Bank unrepayable debt, aiding nations could exchange international
development funds for funds in the local currency, to be held in the foreign
exchange reserves of their central banks. This would give them an incentive
to spend the local money in Zimbabwe, or wherever the aid was given, so
putting locals to work and setting their economy in motion.
The more unreliable the local currency was, the more incentive for the
"aiding" nations to spend it quickly!
I guess that the "export or die" mentality of the capitalist world is likely
not to favour this approach, but I think it would work!
All the above is supplementary to your proposals, rather than an
alternative.
Martin Hattersley
5929 - 189 St.,
EDMONTON AB CANADA T6M 2J1
e-mail: jmartinh@shaw.ca
----- Original Message -----
From: "Norman" <marketnr@iafrica.com>
To: <socialcredit@elistas.com>
Sent: Monday, April 16, 2007 2:52 PM
Subject: RE: [socialcredit] Reply to John Rawson
> Production credit type 'demand' creating methods (Child and Health Rights)
> are proposed for the recovery of Zimbabwe, with supply side 'Investment
> rights' based on a new local economic development 'rights programme'
> adopted
> in South Africa. It is attached. It has the backing of the undp as the
> best
> approach for fifty years or more to work with the poor.
>
>
>
> Norman Reynolds
>
> Johannesburg
>
>
>
> _____
>
> From: Wallace Klinck [mailto:wmklinck@shaw.ca]
> Sent: 16 April 2007 08:34 PM
> To: socialcredit@elistas.com
> Subject: Re: [socialcredit] Reply to John Rawson
>
>
>
> Thanks, Richard. Perhaps I should have said, to avoid confusion or
> misunderstanding, that in any sovereign state production credits can be
> issued fully to mobilize the creative resources of the nation, in accord
> with consumer desire. This does not mean that the state should initiate
> the
> issue of credit for production so as to control the policy of production,
> which latter should be vested not with the state but with the consuming
> public as a body of individuals. Nor does it mean that the productive
> capacity of a nation would be expected to be fully exploited in a
> phrenetic
> frenzy of production activity. In the Social Credit sense, the option of
> increasing leisure must be factored into the concept of an economy
> operating
> at "capacity"--that is, the economic activity of the community should
> function optimally.
>
>
>
> Sincerely
>
> Wally
>
>
>
> On 16-Apr-07, at 8:01 AM, Richard Cook wrote:
>
>
>
>
>
> An excellent statement. Thank you.
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> From: Wallace Klinck <wmklinck@shaw.ca>
>
> Reply-To: socialcredit@elistas.com
>
> To: socialcredit@elistas.com
>
> Subject: Re: [socialcredit] Reply to John Rawson
>
> Date: Mon, 16 Apr 2007 01:33:34 -0600
>
>
>
> Some brief comments to another correspondent who had offered a critique of
> another author. Offered in the hope that they may relevant to Richard
> Cook's
> current endeavors:
>
>
>
> "Dear ........:
>
>
>
> "You are quite correct in noting that author Philpott fails to deal with
> the
> consequences of the replacement of labour by technology, this being of
> crucial importance as it relates to the present defective financial
> system.
>
> Refer: http://www.tompaine.com/articles/2007/04/13/
> the_route_of_the_problem.
>
>
>
> "Countless authors point to many of the obvious painful symptoms of our
> flawed financial system which fails to facilitate consumption without
> creating spiralling, accumulating and unrepayable debt. The central
> economic
> problem is not primarily production but one of consumption and this
> problem
> is directly related to the mechanism of finance and banking to which we so
> tragically adhere. Any sovereign state can issue production credits to
> facilitate deployment of its proven available creative resources. It can
> also issue consumption credits directly to all citizens and also to all
> retailers to effect a falling price level and full consumer access to the
> output of each production cycle--within that same cycle. The present
> financial system creates financial costs and prices at an increasing rate
> relative to the rate at which it distributes financial incomes.
> Unfortunately, it only issues money in the final analysis for production
> and
> never for consumption except as bank debt which has to be repaid out of
> future production. This simply creates an increasing imbalance between
> financial costs and distributed consumer income. I attach a document which
> was prepared during the 1930s but which remains relevant today. It was
> largely inspired by Mr. L. Denis Byrne who subsequently was sent to the
> Province of Alberta by Major C. H. Douglas to advise that Province's newly
> elected (and first ever) "Social Credit" Government in 1935. Social Credit
> until it was betrayed from within--which betrayal took only several years
> to
> accomplish. So long as financial, economic and social problems are
> "attacked" from the puritanical standpoint of providing "work", they will
> only worsen--because such an approach constitutes a fundamental violation
> of
> natural law which must always carry its own unpleasant consequences. In
> nature, organisms have immediate access to the physical means of existing;
> the process is dynamic. Orthodox finance and economics is static;
> individuals can only consume the output of any production cycle after they
> first have borrowed against future incomes (thereby incurring debt) and/or
> produced, additionally, something else in order to acquire fully
> sufficient
> financial income required to obtain the goods and services which are
> required or desired. Social Credit would implement measures which would
> establish dynamic vs static economics.
>
>
>
> For your interest, I also attach an essay concerning "Ezra Pound and
> Social
> Credit" and the poet's flawed understanding of the later."
>
>
>
> Sincerely
>
> Wally
>
>
>
> On 15-Apr-07, at 8:29 AM, Richard Cook wrote:
>
>
>
> I just want to point out that the proposals I am workinig on just now
> include both direct creation of credit by the government (non- tax,
> non-debt) for infrastructure spending and a national dividend for
> citizens.
> I believe that in today's conditions, both are needed.
>
>
>
>
>
>
>
>
>
> [clipped]
>
>
>
>
>
> ---------------------------------------------------------------------
>
> 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
>
>
>
> _________________________________________________________________
>
> MSN is giving away a trip to Vegas to see Elton John. Enter to win today.
> http://msnconcertcontest.com?icid-nceltontagline
>
>
>
> ---------------------------------------------------------------------
>
> 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 wmklinck@shaw.ca
>
> For more information, visit http://www.eListas.com/list/socialcredit
>
>
>
>
>
> __________ NOD32 1.1621 (20060624) Information __________
>
> This message was checked by NOD32 antivirus system.
> http://www.eset.com
>
>
> ---------------------------------------------------------------------
>
> 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 marketnr@iafrica.com
>
> 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
>
--------------------------------------------------------------------------------
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.446 / Virus Database: 269.5.1/764 - Release Date: 17/04/2007
4:43 AM
|
Re: [socialcredit]
Reply to this message