|Subject:||Re: [socialcredit] douglas-alberta-1934|
|Date:||Saturday, August 18, 2007 15:53:21 (+1200)|
|From:||Peter <cymric @.......nz>
|In reply to:||Message 4983 (written by Joe Thomson)|
Joe if the 'macro'-factor is the ultra-determinant then the dividend cant be
paid to the individual nor a discount.
The 'credit' to producers isnt 'debt' to producers and the purpose is to
keep this cost out of prices. If you want it in prices then it is a debt to
If credits to producers is but one of four options ( as Douglas said there
were) to eliminate this 'writing down' out of prices. Lets try and think of
what the other three might be. Then lets discuss which option could be the
best today. There doesnt have to be winners and lossers here.
----- Original Message -----
From: "Joe Thomson" <email@example.com>
Sent: Thursday, August 16, 2007 12:00 AM
Subject: Re: [socialcredit] douglas-alberta-1934
> Bill, this 'writing-up' and 'writing-down' would be a 'macro-economic'
> crediting or debiting of a National Balance Sheet, or some such similar
> 'national' account?
> And then distributed to 'CONSUMERS' by one means or another to credit THEM
> with the overall increase in capital appreciation that's taken place in
> excess of the overall capital depreciation they're going to be charged in
> prices over some given period?
> Not, as has been supposed sometimes, (which it would be easy to suppose,
> way it's been put), a 'credit' paid directly to any individual producer as
> an 'individual' producer? In other words, we're still dealing with what
> takes place in the WHOLE economy, not the payment of some 'credit' by the
> relevant 'Authority' directly to some individual producer who may have
> put up a new plant? What he receives still has to come through the price
> system from the sale of his product?
> Undoubtedly that producer's efforts DO have an effect on the WHOLE
> but the increase or maintenance of the rate of in profit he, or any other
> producers may receive comes about through CONSUMERS being credited with
> enough money to to maintain that rate of profit through their spending?
> ----- Original Message -----
> From: "MODERATOR" <firstname.lastname@example.org>
> To: <email@example.com>
> Sent: Wednesday, August 15, 2007 12:57 AM
> 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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