|Subject:||Re: [socialcredit] douglas-alberta-1934|
|Date:||Thursday, August 16, 2007 07:16:55 (+1200)|
|From:||Peter <cymric @.......nz>
|In reply to:||Message 4979 (written by MODERATOR)|
This issue of the cost of industrial development in the price of goods is
part of the serious macro problem revealed by the A plus B theorem.
The discount doesnt address the 'writing down' and 'writing up' issues,
although it is effectively a 'transfer back into purchasing power'. The
credits to industry does. ( I would like to see what the other three
The objective in the first instance per Warning Democracy was to get control
of industry free from banking industry policy, secondly to make distribution
of goods all inclusive/higher standard of living, and that would result in
more profitable businesses ie those who conformed to the new consumer power.
Consumer demand and profit demand are both running the same gauntlet side by
Douglas wasnt making this up in front of the Legislators either as he went
---- Original Message -----
From: "MODERATOR" <email@example.com>
Sent: Wednesday, August 15, 2007 4:57 PM
Subject: [socialcredit] douglas-alberta-1934
>I attach in PDF format what I believe to be a accurate
> version of Douglas' 1934 testimony to the Alberta
> I just noticed this from page 89 of the attached PDF:-
> "Suppose you issue $10,000 worth of stock, and you put
> up a factory. The physical process of depreciation
> takes place; it is always insisted upon by your
> auditor, and your figures are written down. You ought
> to have a transfer back into purchasing power of those
> figures which are written down, because you have used
> your plant for the production of something which is
> sold to the public. Now you can write down those
> physical assets, and apply some of the issues of the
> money to re-transferring into cash the physical assets
> which are written down, and that disposes of quite a
> considerable amount of the money which is issued."
> I wish that the Committee had cross-examined him on
> this a bit to clarify what he was saying.
> Compare it to this from Warning Democracy, which we
> were discussing a couple of weeks ago:-
> "...one of the first requisites is to deal with the
> immobilisation of bank credits in fixed assets.
> "There are many ways of doing this, and perhaps one of
> the simplest would be the automatic writing up of the
> bank credits of any limited company to correspond with
> the increase in its fixed assets, as certified by a
> chartered accountant during a given accounting period.
> "The effect of this, so long as the result was not
> defeated by rings of prices, would be to lower prices
> by enabling competitive concerns to get a proportion
> of their overhead charges out of prices charged for
> their product..."
> The thrust of all of Douglas' financial
> recommendations was to increase the rate of profit by
> what I have characterized as macroeconomic accounting
> adjustments, thereby increasing the quantity and scope
> of what is produced from productive capacity.
> I invite discussion.
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