| Subject: | Re: [socialcredit] in further reply to Joe Thomson | | Date: | Saturday, March 22, 2008 21:30:27 (-0700) | | From: | Vicky Davis <eyeswideoopen @.....com>
|
| In reply to: | Message 5306 (written by Joe Thomson) |
You really can't see what problem would be solved? I can't believe
you took that literally. It was an updated and green'd version of "a pox on all
their houses" :) And if I was really advocating disasters, it wouldn't
be in the same vein as disaster capitalism. It would be more on the order of
killing a cancer - to eliminate disease from the body.
Joe Thomson
<thomsonhiyu@shaw.ca> wrote: 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
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freedom, go home
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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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