Thanks Myro, for your first point. I have been trying to get it
However, if you take the Douglas analysis as a scientific
model and test it scientifically against fact, it soon becomes obvious that
it is by far the best explanantion for perceived economic facts and
problems. For example the ledar lack of worldwide prosoerith last century
except in times of war, preparation for it or recovery from it.
answer seems clear. Banks also reinvest and pass repayments to
reserves. There is a deficiency in purchasing power unless very active
new borrowing continues. There is a tendency towards a "gap", but it is
by no means as big as many social Crediters project.
> Date: Tue,
15 Jan 2008 09:13:04 -0800
> From: firstname.lastname@example.org
> To: email@example.com
> Subject: [socialcredit]
Regarding "interest" and "usury"
> Unfortunately, Peter,
there are some whoppers from
> both Shakespeare and Yaseen in the
first half of the
> program that will turn off educated and open
> people to the proposed solutions.
example, Shakespeare's assertion that "one of the
> problems of
creating out of nothing is that it creates
> enough money for the
principal of the loan but not
> enough for the interest."
> And Yaseen's assertion that "the Quran condemns
categorically usury, or interest."
> First, to address
> We say that banks create money
because they credit
> deposit accounts when they create loans. The
> and propensity to transfer deposit balances from
person to person in transactions is what makes deposit
effectively money in today's economy. So,
> when loans are granted,
money is being created. And,
> when loans are repaid, together with
> is being canceled.
> But there is a
reciprocal monetary flow from the banks
> when they make payments for
> expenses, salaries and wages to their
> dividends to their stockholders, etc., where they
> credit deposit account balances, which is additional
loans in the creation of money. This puts money
> into circulation not
deriving from loans that is
> available to pay interest to the banks
in payment for
> financial services rendered.
to Yaseen's assertion:
> The ancient scriptures originally
written in Semitic
> languages used two words that were
> translated or interpreted as "usury."
A modern Islamic scholar in the United States writes
> "The Quran forbids usury, not interest. Quite a
> states in USA have laws against usury. Usury is
as excessive interest. A Dictionary defines
> usury as 'an excessive
or inordinate premium for the
> use of money borrowed', 'extortionate
> 'the practice of taking exorbitant or
> interest.' The Arabic language also makes
> between interest (Fa'eda) and usury (Reba). The
> forbids Reba or usury."
> Which is perfectly
consistent with the modern Jewish
> and Christian perspectives on the
> "John Calvin's letter on usury of 1545 made it clear
when Christ said 'lend hoping for nothing in
> return,' He meant that
we should help the poor freely.
> Following the rule of equity, we
should judge people
> by their circumstances, not by legal
> Humanist that he was, Calvin knew there were
> Hebrew words translated as 'usury.' One, neshek, meant
'to bite'; the other, tarbit, meant 'to take
> legitimate increase.'
Based on these distinctions,
> Calvin argued that only 'biting' loans
> Thus, one could lend at interest to business
> who would make a profit using the money. To the
working poor one could lend without interest, but
> expect the loan to
be repaid. To the impoverished one
> should give without expecting
Thu, 10 Jan 2008 17:23:12 +0000
> From: "Peter Challen" <firstname.lastname@example.org
> To: email@example.com
> Subject: Re:
[GJM] An excellent programme
> I've reached the half-way
stage of the programme
> recommended below and use the 'break' to add
> recommendation to this sanguine critique of a complex
situation - a remarkable bit of broadcasting.
> On 10/01/2008, Rodney Shakespeare
> Dear All.
> Alright, I know I should not say this
(because I am
> one of the speakers with Moeen Yaseen of
Globalvision2000) but Global Money Crisis: Just Where
> Does the Buck
Stop? is an excellent programme. Moeen
> is tremendous!!
> At last we have managed to put across on television
analysis of what is wrong with the global economy
> and also put
across some idea of the GJM solution.
> To see the
programe:- go to www.Presstv.com
> (left-hand side) Programs then The Agenda then Global
Money Crisis: -- the programme on Monday, 9th January,
> Rodney Shakespeare.
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