|Subject:||[socialcredit] Re: [Cap_contacts] Fwd: Banking and the Canadian Government - revised|
|Date:||Friday, January 11, 2008 11:19:38 (-0700)|
|From:||Martin Hattersley <jmartinh @....ca>
|In reply to:||Message 5200 (written by Joe Thomson)|
One thing I do believe is essential - that there be a National Credit Office
in place before any Dividend or Discount is issued. If new fiat money is
issued without some control on the volume of Bank credit that could be based
on it, we could be headed for trouble.
Martin Hattersley, 5929-189 St.,
EDMONTON AB CANADA T6M 2J1
Phone (780) 483-5442
----- Original Message -----
From: "Joe Thomson" <firstname.lastname@example.org>
To: <email@example.com>; <firstname.lastname@example.org>; "Wallace Klinck"
<email@example.com>; "Constance Fogal" <firstname.lastname@example.org>; "Wendy
Cc: "Diane Boucher" <email@example.com>; "Don Martin"
<Donald.Martin@fsbdial.co.uk>; "Jim Schroeder" <firstname.lastname@example.org>;
"Michael Stephen Lane" <email@example.com>; "Robert E. Klinck"
<firstname.lastname@example.org>; "Bill Daly" <email@example.com>; "Frances
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Sent: Thursday, January 10, 2008 8:19 PM
Subject: Re: [Cap_contacts] Fwd: Banking and the Canadian Government -
(Bill Ryan wrote:-) "The more prudent course of action is based on the
principle of gradualism, where the Dividend and Discount are introduced in
relatively small amounts at first, and gradually increased over time, so we
might deal appropriately with unforeseen consequences that will inevitably
(Joe replies:-) Douglas, in his 1930's "Draft Plan for Scotland",
recommended that the initial amount of the Discount, (at that time),
shouldn't be less than 25%. And the "Goldsborough Bill" from that same era
proposed an initial amount of 15%. Both of these amounts are signifigant
discounts. Though both were proposed in a time of prolonged Depression, and
the latter is not far from what we are currently charged, in this country,
in Sales Taxes.
Do you think either amount would be appropriate as an initial Discount
today? Would the same reasons Douglas gave for making it 25% to start with
still be relevant, (to ensure broad based participation amongst merchants)?
Or, if we followed the principle of gradualism you mentioned, would we
likely begin with some smaller amount, and hope for broad merchant
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