| Subject: | Re: [socialcredit] Warning Democracy | | Date: | Monday, July 30, 2007 20:57:26 (+1200) | | From: | Peter <cymric @.......nz>
|
| In reply to: | Message 4937 (written by MODERATOR) |
The section in Warning Democracy, entitled "The starting point of money", I
have referred to previously.
This explains the issues behind the policy of the 'just price mechanism' and
brings out a the obvious comparison between credits to industry and the
alternative many support and believe is the policy Douglas puts along side
the Dividend.
The option of credits to industry is that it breaks the control of
industrial policy which the banks current hold where as the discount merely
increases the power of consumer demand. The pertinant part is the 'writing
up' of the fixed assets so they arent included in the price of goods
produced. Thus the price goes down increasing the power of the consumer and
reducing the leverage of banks on industrial policy.
Naturally the dependance of regular new debt into the system via both
consumers and industry reduces.
Just as an aside after the last subject of banks creating new credit to pay
overheads, I expect they still passed these costs onto the consumer. Here
we have a Douglas scheme whereby new credit is awarded to industry in order
to eliminate costs in prices they shouldnt be paying and increasing the
liquidity of industrial businesses.
Peter
----- Original Message -----
From: "MODERATOR" <socredus@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Monday, July 30, 2007 5:19 AM
Subject: [socialcredit] Warning Democracy
> Attached in PDF is Douglas' "Warning Democracy." It
> is taken from the version at the Australian League of
> Rights site with the correction of some typographical
> errors and the change of the page numbers in the
> contents to correspond to the PDF.
>
>
>
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