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Vicky, I think what many people still call
'investing' through the stock market is more in the nature of 'speculating'
these days. Possibly we all LOSE from that, even those who think they're
ahead because they've bought and sold stocks at a profit. Since it may well be
aiding in the destruction of the purchasing power of our
currencies.
I really fail to see just what 'problem' would be
solved by an earthquake causing the east coast of the USA to drop into the
ocean.
Seems to me the US has quite enough
problems caused by recent natural disasters to contend with already, and none of
them seem to have really 'solved' anything for the people affected by
them.
And for those not, it's almost like saying we
have to have continued disasters, or a war, for there to be
any (illusion of) prosperity in the country. Surely we can do better
than that in this day and age.
Joe
----- Original Message -----
Sent: Saturday, March 22, 2008 12:10
PM
Subject: Re: [socialcredit] in further
reply to Joe Thomson
Why on earth would people with small amounts of money invest it in the
stock market? The stock market is a rigged game. The little guys -
even when they band together in mutual funds LOSE.
Pray for an earthquake to drop the entire east coast of America into the
ocean.
Just
to expand somewhat, Joe, on my earlier reply.
Firms sell and
consumers purchase goods, services AND
securities. The problem now is
that consumers are
severely limited in their ability to
purchase
securities, because they as a class have only a small
surplus
in their wages and salaries over their costs
of living. With the Social
Credit dividend and retail
discount, consumers will increasingly
purchase
securities, and here I use the term broadly defined,
from
which they will increasingly derive unearned
income in the form of
dividends from firms whose
profit is being sustained through the Social
Credit
program. The Social Credit dividend and discount are,
in the
final analysis, nothing more than macroeconomic
accounting adjustments
that compensate for the flaw in
double entry accounting demonstrated
through the A + B
theorem, something like leap year adjustments to
the
calendar. The full scope of the "dividend" in
Douglas's theory is
not limited to the Social Credit
dividend and discount. Some of the
profit to the
firms will be invested in new productive
capacity
without the necessity for loans from the banks. The
result is
an economy not nearly so financially
constrained as at
present.
Bill
------------------original
message-------------------
Bill, thanks for this explanation. This is
truly
fascinating. It is a difficult conception for me to
immediately
grasp, and I'm sure others would find it
so, too, since it requires
looking at things in a way
far differently from the way we usually do.
But put
as you've put it here, it does seem to make sense.
When
you wrote one time before, I believe it was in a
discussion with Michael
Lane a few years ago, that
consumers buy goods and services, and
'securities',
then with the Social Credit augmentations to income
we
could expect to see a broadening of capital ownership,
(and more
investment in 'new' product development and
discoveries), as the
"propensity to consume",
(existing) product diminished and more of
our
individual incomes could be directed into investment?
If
that's the case, then that would certainly be
something different and
more meaningful from what the
Kelso ESOP schemes, ("scams", because I
think you're
right in what you've written previously about a lot
of
them being just that), have to offer.
Joe
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Vicky Davis
"If ye love wealth better than liberty, the tranquility of servitude
better than the animating contest of freedom, go home from us in peace. We ask
not your counsels or your arms. Crouch down and lick the hands which feed you.
May your chains set lightly upon you, and may posterity forget that you were
our countrymen." ~ Samuel Adams
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