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Messages from 4720 to 4779
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| Subject: | RE: [socialcredit] more on the State Theory | | Date: | Wednesday, May 16, 2007 06:03:14 (+0000) | | From: | John G Rawson <johngrawson @.......com>
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| In reply to: | Message 4744 (written by william_b_ryan) |
Could the fact that Hussein ceased to be pet boy and became evil when he
wanted to sell oil for Euros have any bearing?!! Likewise Iran??
Come on! John R.
From: <william_b_ryan@yahoo.com>
Reply-To: socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: [socialcredit] more on the State
Theory
Date: Tue, 15 May 2007 15:00:48 -0700 (PDT)
>On May 15, 4:23 pm, "The
Trucker" <mik...@verizon.net>
>wrote:
>
>"There is little but taxation and the
force of the USA
>in insisting that dollars must be used to buy oil that
>gives
the US dollar any value at
all."
>--------------------------------------
>---------------------------------------
>
>Dollars
have value because sellers will accept them
>when tendered for what they are
selling. By "dollars"
>we mean deposits denominated in dollars that are
>created
by commercial banks when they grant loans.
>
>Taxation is the analogue to sales
by a
commercial
>enterprise.
>
>A firm with little prospect for sales would
have
>little credit with the commercial banks.
>
>The same is true for
governments with little prospect
>for tax collections.
>
>Where is your evidence
that the government of the USA
>"insists" that dollars must be used to buy
oil?
>
>Isn't it rather due to the fact that the domestic
>product of the USA is very
nearly greater than all the
>rest of the world's economies combined?*
>
>It is
the domestic product of the USA that gives value
>to its dollar in international
transactions.
>-
>
>* I know this is an exageration but you see the
point.
>
>
>
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RE: [socialcredit]
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