| Subject: | [socialcredit] Re: Question regarding A + B | | Date: | Thursday, March 20, 2008 08:46:14 (-0700) | | From: | william_b_ryan <william_b_ryan @.....com>
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Joe, firms sell and consumers purchase goods, services
AND securities. An increase in the ratio of
securities to goods and services sold will produce an
accounting loss for the firms sector if not
accommodated through accounting adjustment, such as
the Social Credit dividend and retail discount, which
have the effect of raising the rate of profit. The
absence of rational adjustment therefore limits the
production and consumption of real goods and services,
despite the existence of underutilized productive
capacity and real demand. So money does matter. But
it's got to be money rationally introduced.
ESOPs and related gimmicks are scams in effect though
not necessarily in intent. I think that most of the
Kelsoist practitioners are sincere in their beliefs,
but their beliefs are in a false religion. I have
never personally met a Kelsoist who I thought did not
believe what he was saying. They are not consciously
lying. But I have noted that many con men have conned
themselves.
The latest ESOP-like failure was Bear Stearns, whose
stock closed last Friday at nearly $60 per share, I
think. Monday, the stockholders learned that their
company had been sold over the weekend for $2 per
share. Then we read in the papers that thirty percent
of the stock was owned by Bear Stearns employees and
staff. They had not followed the advice they had
given to their clients to diversify.
--------------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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