| Subject: | [socialcredit] Re: [Cap_contacts] Fwd: Banking and the Canadian Government - revised | | Date: | Monday, January 7, 2008 09:10:40 (-0800) | | From: | william_b_ryan <william_b_ryan @.....com>
|
Wally, I just noted a typographical error in your
email from earlier today:
"...the consumer is charged, properly, with capital
appreciation while, quite improperly, not credited
with capital appreciation."
Which I think should read:
"...the consumer is charged, properly, with capital
depreciation while, quite improperly, not credited
with capital appreciation."
This requires explanation and clarification, which
I'll be glad to discuss in further detail on the
socialcredit list.
Surely we're not referring to capital appreciation in
the ordinary accounting sense, but perhaps in the
sense of the "communal capital" deriving from the
social heritage and increment of association, which
determine in part productive capacity. Making it
possible for the public to more fully draw upon the
communal capital, which is naturally increasing, is
one of the justifications for the national dividend in
its various forms. The analogy is to the corporate
dividend drawing upon the capital of the firm.
The second point I would like to discuss is the
contention that the national dividend (and retail
discount, etc.) would result necessarily in a falling
price level. I do not believe that the falling price
level would be nominal but effective, in terms of
personal income.
Bill
--- Wallace Klinck <wmklinck@shaw.ca> wrote:
Thanks for the video Web links below, Connie and
Wendy.
While the videos review, with varying accuracy,
certain important aspects of banking history and
banking procedures, especially in the Canadian
context, they tend to overlook the critical factors
which should be considered in the crafting of a proper
monetary system. By advocating the creation of money
solely by the Bank of Canada they appear to be
promoting a centralized form of credit control which
seems not really that dissimilar to that which was
utilized by both the communist and fascist states--the
central economic policy of which was "full-employment'
as a social policy promoted and/or administered by the
State. The video commentators tend to regard interest
as the central economic evil while completely failing
to deal with the more fundamental error in national
cost accountancy wherein the consumer is charged,
properly, with capital appreciation while, quite
improperly, not credited with capital appreciation.
This accountancy error is the
primary cause of escalating unrepayable debt, the
elimination of which latter would obviate problems
attributed to interest. Where the consumer is
empowered to liquidate all financial costs of current
production with adequate current financial income,
there is no cost carry-over charges against future
cycles of production. Where no accumulating consumer
debt is necessary the "problem" of interest becomes
non-existent. The remedial measures advocated by the
video presenters stress the need for state control and
issue of credit issued as debt, albeit at low or zero
rates of interest. The important issue, which they
overlook, is the decentralization of credit control
which must properly be achieved through the issue,
from outside the price, or costing, system, of
consumer credits which are not registered as debt
and--which are distributed to all citizens as
consumers as a beneficial share in the communal
capital. Through use of such consumer credit to
compensate prices at point of retail, this would
result in a falling price level and would be in
keeping with the natural law of cost which is the
national ratio of consumption divided by the national
rate of production. A portion of the required
consumer credit issued directly to each citizen as an
addition to income regardless of whether or not the
individual is receiving earned income would recognize
the entitlement of all to an inalienable inheritance
in the Cultural Heritage of mankind--based upon the
reality that labor factors of production are,
relatively, being replaced by non-labor factors.
Sincerely
Wally Klinck
>
> On 6-Jan-08, at 10:33 PM, Constance Fogal wrote:
>
> > Cap_contacts list: For removal send email
> >
>
Cap_contacts-unsubscribe@falstaff.canadianactionparty.ca
> > --
> >
> > CANADIAN ACTION PARTY/PARTI ACTION CANADIENNE
> > LEADER, CONSTANCE (Connie) FOGAL
> > www.canadianactionparty.ca
> > Telephone Connie Fogal at: 604 872 2128
> >
> > ----- Forwarded message from Wendy Forrest
> <forrwen@gmail.com> -----
> > Date: Sun, 6 Jan 2008 12:38:47 -0500
> > From: Wendy Forrest <forrwen@gmail.com>
> > Reply-To: Wendy Forrest <forrwen@gmail.com>
> > Subject: Banking and the Canadian Government -
> revised
> > To: forrwen@gmail.com
> >
> > Woo Hoo: Hooray for Gerald Brutus!
> >
> > Gerald has done this awesome video on the Bank of
> Canada and has just
> > updated it further. Of course he mentions CAP so
> its a great
> > resource for
> > campaiging. He also includes a bit of Bill Abram
> from his wonderful
> > The
> > Crime of the Canadian Banking System. He also has
> a plug for Paul
> > Grignon's
> > excellent Money as Debt. Please forward widely!
> >
> > Banking and the Canadian Government
> > http://ca.youtube.com/watch?v=WPSoQfumzQ0
> >
> >
> > For those of you who haven't seen those other
> videos yet -
> >
> > Bill Abram
> >
> > Part 1 The Crime of the Canadian Banking System
> >
>
http://ca.youtube.com/watch?v=O8Zl1Wax8MI&feature=related
> >
> > Part 2 The Great Canadian Experiment
> >
>
http://ca.youtube.com/watch?v=9yYEFuN2v08&feature=related
> >
> > Part 3 Gerald G. McGeer: A True Canadian Hero
> >
>
http://ca.youtube.com/watch?v=zB7GbM1OgzA&feature=related
> >
> >
> > Money as Debt
> >
>
http://video.google.com/videoplay?docid=-9050474362583451279
> >
> > Check out the related videos - there's one of me
> at Toronto City
> > Council in
> > the summer regarding the new proposed taxes,
> including a municipal
> > land
> > transfer tax. They didn't listen to me, but I
> think I had some
> > influence on
> > the fact that first time buyers are now receiving
> a rebate
> > municipally &
> > provincially as well for all homes, not just new
> homes. I guess
> > that's
> > something...
> >
> > --
> > Wendy Forrrest
> > Toronto Davenport candidate:
> www.wendyforrest.com/capdavenport
> >
> > --
> > If you don't stand for something, you will fall
> for everything -
> > Anonymous
> >
> >
> > Never doubt that a small group of thoughtful,
> committed citizens can
> > change
> > the world. Indeed, it's the only thing that ever
> has - Margaret Mead
> >
> > ----- End forwarded message -----
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