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The bit of interest that
is retained is profit and the bank shareholders do do som
ething for it.it But not all profit goes out in div
idends. Some goes to fund capex and thus keep the bank fi
t for purpose and to remian profitable in the future.
----- Original Message -----
From: Per Almgr
en <almgren_per@telia.com>
To: socialcredit@el
istas.com <socialcredit@elistas.com>
Sent: Thu
Jun 26 19:28:34 2008
Subject: [socialcredit] Re: [S
PAM] RE: [socialcredit] Definition of usury.
J
ohn G Rawson skrev:
> Perhaps. But don't fo
rget banks have costs too. Salaries, rent,
> flee
t, electricity etc. I'm sure they reinvest some of their
intake,
> *but to assume none of the interest cha
rged comes out becomes
> purchasing power is ridi
culous.*
> Regards.
> John R.
>
I am *not* forgetting that the banks have costs and I
am *not* supposing
that none of the interest paid b
ecocomes purchasing power, I am
considering the part
that is not used for purchasing, see my second
para
graph. It is the part that is not used for purchasing tha
t causes
the main problem. A smaller problem, but no
t to be neglected, is that
income from just owning m
eans that you will get that money without
actually p
roducing anything, thus make the average price level high
er
than it has to be, but not increasing the gat bet
ween they who have a
lot of money and those who does
n't have.
Per Almgren
>
> > Date:
Wed, 25 Jun 2008 20:53:43 +0200
> > From: alm
gren_per@telia.com
> > To: socialcredit@elista
s.com
> > Subject: Re: [socialcredit] Definiti
on of usury.
> >
> > Joe Thomson sk
rev:
> > > (Martin wrote:-) Something that
concerns me about Douglas is the
> fact that
> > > he appears to wish
> > > to
superimpose his Social Credit remedies on a banking syst
em not
> > > fundamentally changed from the
present. As I see it, the toleration of
> > &
gt; interest (reward without risk), is in fact a means by
which those
> who issue
> > > cred
it become more and more wealthy at the expenses of the pu
blic,
> the value
> > > of whose mo
ney is steadily eroded by inflation.
> > ><
BR>
> > > (Joe comments:-) I think what you're
saying about Douglas above
> may well be
>
; > > true, Martin.
> > >
> &
gt; > But is there really "reward without risk&qu
ot; for those who "issue
> credit" if
> > > the value of the public's money is ste
adily eroded by inflation?
> > >
>
> > For is not the "public's money" the s
ame money by which you say
> the issuers
>
; > > of credit will become "more and more wea
lthy"?
> > >
> > > And i
f it is, and it's being steadily eroded by inflation over
time in
> > > terms of what it'll buy, the
re's certainly a "risk" present there,
>
; too, I
> > > would think.
> >
>
> > The interest paid is actually causing
the inflation since there is only
> > two typ
es of costs includid in the price of goods and services.<
BR>
> > One is the payment for labor, the other is
payment to those who owns
> > money, either i
n the form of interest or in the form of profit.
>
; >
> > *If not all of the received income
is used directly for purchasing
> goods
>
> or services*, or given to other people who uses it
directly for
> > purchasing goods or seriveces
or given ... and so on, then the rest of
> >
the money is either witheld (hoarded) or lended or "
invested" in some
> > kind of "paper
s" that give a return, i.e. shares or bonds.
&g
t; >
> > Since the group who paid the costs
for interest and profit doesn't get
> > the t
otal sum back in form of wages and salaries they will hav
e less
> > money than before unless they in on
e way or another borrows more money
> > from s
omebody outside this group. As times pass by they will ge
t more
> > and more indebted and/or experience
a rising rate of unemployment. (In
> > this d
escription a person could belong to both groups if he or
she
> > both get interst and a salry or wage.)
> >
> > The same problem occurs if
people starts to save part of their wages
> and<
BR>
> > salaries. What is then actually happening
is that their personal
> > situation gradually
move their "point of gravity" from the working
> group
> > to the owning group. For
most of them, it won't improve their
> economical
> > situation. The cause of this is that the
cost part of interest of goods
> > and service
s will rise as fast as this move goes on.
> ><
BR>
> > In order to be a winner in this type of in
terest and profit system,
> your
> > p
art of the total invested and lended sum must be grater t
han yor part
> > of the total income from wage
s and salaries. Many years ago, I checked
> >
this from a representative sample (about 13 000 housholds
) of the
> > Swedish population from official
statistics. The result was that only
> > two p
ercent of the total population actually was to be found a
mong the
> > winners. That means that a lot of
people supports the present system
> > althou
gh they actually are among the losers, but they themselve
s
> > apparently think that they belong to the
winners group. It also shows
> > that the ski
lls and interst in mathematics among the population is
> quite
> > low and such calculations ar
e of course not teached in the schools.
> >
> > If people and businesses get more and more i
ndebted they simply have to
> > rise their pri
ces for work or products they sell, or to increase the
> > volumes which again can't be done without in
creasing their loanes
> and so
> > on
until the environment as we see it collapses and with it
the present
> > type of economy.
> >
;
> > Per Almgren
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