| Subject: | Re: [socialcredit] Re: [Cap_contacts] Fwd: Banking and the CanadianGovernment - revised | | Date: | Tuesday, January 8, 2008 01:45:39 (-0700) | | From: | Wallace Klinck <wmklinck @....ca>
|
| In reply to: | Message 5193 (written by Joe Thomson) |
My understanding is that over the long haul real physical costs will be falling due to refined technological efficiency the reducing ratio of the overall mean rate of national total consumption divided by the mean rate of total production. The real income, i.e., access to the means of actual satisfaction resulting from association, measured not necessarily by increased income measured in absolute financial units, of the consuming public will normally rise. The actual effective, compensated financial price-level will fall and to a lesser extent financial incomes as well--but financial income will purchase more actual wealth. The important point is that with increased production efficiency consumers will be enabled to buy more real wealth with fewer units of financial income. Ideal price would be zero inasmuch as this would represent absolute abundance and absolute economic security. Whereas today a producer's "success" is represented by a healthy profit level which must be achieved via price, under Social Credit wide social access to production is the goal to be sought after. The purpose of production is consumption. Today, economic success is measured in high degree by producer acquisition, facilitated where possible by high prices, while under Social Credit the dispersion of wealth via lower cost and price is the desired social goal--with the producer being not expropriated, but rewarded sufficiently to ensure creation of the desired abundance of wealth. Finance-capitalism is acquisitive; Social Credit is distributive. As I see it. In a sense which may seem peculiar or even seditious or blasphemous to the orthodox mind (conditioned as it is to the the idolatrous worship of "work" as a virtue in itself), the ultimate theoretical goal of Social Credit is the end of economics, defined as it is in terms of the utilization and deployment of "scarce resources." Now, that should certainly terrify any "sound" and "responsible" adherent of the prevailing false system of values which dominates this world! But remember, we are accustomed to seeing the world through the "veil of finance" and not as it really is. (See The Veil of Finance by Arthur Brenton.) (Life is ever exciting, but not always easy, for an apostle of Social Credit in this convoluted and perverse world!)
Sincerely (and Sanely, I hope Everyone will agree) Wally On 7-Jan-08, at 7:25 PM, Joe Thomson wrote: (Bill Ryan wrote:-) I do not believe that the falling price
level would be nominal but effective, in terms of
personal income.
(Joe asks:-) So personal incomes (in general) might rise, and consumer
prices (again in general), might also rise, but not as much?
----- Original Message -----
From: <william_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>; "Wallace Klinck" <wmklinck@shaw.ca>;
"Constance Fogal" <conniefogal@telus.net>; "Wendy Forrest"
<forrwen@gmail.com>
Cc: "Joe Thomson" <thomsonhiyu@shaw.ca>; "Diane Boucher"
<cresoc@ccapcable.com>; "Don Martin" <Donald.Martin@fsbdial.co.uk>; "Jim
Schroeder" <jschroeder@shaw.ca>; "Michael Stephen Lane"
<outoftheashes@prodigy.net>; "Barry & Theresa Dunford"
<roseheart@sacredconnection.ndo.co.uk>; "Robert E. Klinck"
<robert.klinck@gmail.com>; "Bill Daly" <b.daly@woosh.co.nz>; "Frances
Hutchinson" <f.g.hutchinson@btinternet.com>; "Martin Hattersley"
<jmartinh@shaw.ca>; "Therese Tardif" <thtardif@hotmail.com>; "Don
Auchterlonie" <jimjamdon@hotmail.com>; "Victor Bridger"
<socialcredit@ecn.net.au>; "Henry Raynel" <henry.raynel@actrix.co.nz>; "Anne
Goss" <ag.socred@btinternet.com>; "Richard Cook" <rickycook21@hotmail.com>;
"William B. Ryan" <william_b_ryan@yahoo.com>; "Betty Luks" <betty@alor.org>
Sent: Monday, January 07, 2008 12:10 PM
Subject: [socialcredit] Re: [Cap_contacts] Fwd: Banking and the
CanadianGovernment - revised
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 depreciation 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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