| Subject: | Re: [socialcredit] The Mechanics in a Few Words on the Financial Workingsof Social Credit | | Date: | Tuesday, April 1, 2008 22:59:28 (-0800) | | From: | Joe Thomson <thomsonhiyu @....ca>
|
| In reply to: | Message 5345 (written by robert searle) |
Hello Robert,
I hope I don't add to any confusion by trying to answer your question, "HOW
DO THEY WORK". Likely you'll get quite a few differing answers, and it'll
take you some time to sort out what seems right, and what doesn't.
The way I understand it, they (the National Dividend and Compensated Price
Discount, or "Just Price"), are both "debt-free" CONSUMER credits paid by a
nation's Treasury or Central Bank to a country's citizens.
They are "debt-free" in that they are not 'costed' into any production, in
the manner that advances of commercial bank credit are, when loans are
granted for productive purposes. They are to assist in meeting EXISTING
"debts" from those Bank loans, which otherwise, primarily through ongoing
generic labour income displacement, are not now fully liquidatable without
constantly and increasingly mortgaging our futures.
They are creations of "new credit", by the Central Bank, and are NOT money
collected and re-distributed by taxation in any way.
Their creation and distribution to CONSUMERS in the appropriate amounts will
enable any previous given cost-accountancy cycle to be more fully
financially self-liquidating. As the efficiencies of modern productive
processes continue to advance, overall consumer goods prices normally
should be "falling".
But through an uncorrected flaw in accounting at the 'macro-economic' level
we all too often suffer from the exact opposite.
The total amounts involved in these corrective distributions are in the
nature of 'macro-economic' accounting adjustments, made in a properly
constituted set of National accounts by an independent agency established
for the purpose. This could be a National Credit Office, or Authority, as
some often call it, or an adjunct to a nation's Central Bank.
They are designed to bring the rate of overall Price generation into a
correct nexus with the overall rate of Income generation in any given
cost-accountancy cycle, thereby allowing "finance" to be what it properly
should be ~ a REFLECTION of the physical realities of productive capacity
and consumer demand.
And the payouts would be made either as a "dividend" to each citizen, or as
a "discount" rebated on consumer goods prices after purchase, or most
likely, some combination of the two.
That's not a "few words", I know, and still there's much more to it all than
that, but I'm sure others will elaborate further, and better, than I've
done.
I think if you study it, and agree with Douglas's desire to see the
"will-to-freedom" for each and every individual triumph over the
"will-to-power" currently excercised over most of us by some individuals,
you'll find Douglas's prescriptions pretty well complete in themselves.
And the mixing in with them of other philosophies that have an opposite
intent, (even though they say not), a genuine detriment to meaningful and
achievable needed changes.
Regards,
Joe Thomson,
Courtenay, British Columbia.
----- Original Message -----
From: "robert searle" <dharao4@yahoo.co.uk>
To: <socialcredit@elistas.com>
Sent: Tuesday, April 01, 2008 5:52 AM
Subject: [socialcredit] The Mechanics in a Few Words on the Financial
Workingsof Social Credit
>
> Dear All,
>
> I know I am probably asking the impossible but
> here goes.
>
> Can anyone explain in simple English, and in a few
> words the financial workings of Social Credit (ie. the
> Dividend, Just Price,et cetera).
>
>
> Ofcourse, I understand what they are but HOW DO THEY
> WORK? Presumably a certain about of debt-free money is
> involved along with some earned money via taxation
> etc....
>
> R.Searle
>
>
> __________________________________________________________
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