| Subject: | [socialcredit] Re: My Presentation to Business Course Class Nov. 15 | | Date: | Wednesday, November 12, 2008 23:26:30 (-0700) | | From: | Martin Hattersley <jmartinh @....ca>
|
My contact Eric Encina in the Philippines, who has to present an assignment
to a business course he is taking on solutions to the present world
financial crisis, has sent me a draft of his proposed text for my comment.
He will be presenting this on Saturday of this week.
Below is some of the correspondence we have had, and a draft of his proposed
presentation. If any of you have suggestions at this short notice to improve
the material, you might do best to contact Eric directly at
ericencina@yahoo.com
- - - - - - - - -
Hi, Eric -
I think your presentation holds water. One thing I would like would be to
insert the words "on the basis of statistics of possible production" after
the word "certify" in paragraph #1. You could also, in the paragraph talking
about Lincoln and Venice, mention that Great Britain replaced the Gold
Sovereign with printed Treasury Notes at the start of World War I - thus
preventing bank collapse - another example of what can be done when we have
an emergency.
You could add to paragraph 4 the idea of exchange controls on sending
Philippine currency outside the country. This was in force in England for
several years after the end of World War 2, because of extensive foreign
debts run up by the British government in paying for war supplies. (Marshall
Aid only went to our ex-enemies!).
Do your best! Hopefully you may get some supporters who see what you are
aiming at.
I hope you don't mind, but I am forwarding this correspondence to the
socialcredit@elistas.com group in case any other members have bright ideas
or comments.
Martin Hattersley, 5929-189 St.,
EDMONTON AB CANADA T6M 2J1
Phone & Fax (780) 483-5442
e-mail <jmartinh@shaw.ca>
----- Original Message -----
From: "Eric Encina" <ericencina@yahoo.com>
To: "Martin Hattersley" <jmartinh@shaw.ca>
Sent: Wednesday, November 12, 2008 8:14 PM
Subject: My Presentation to Business Course Class Nov. 15
Dear Sir,
I am sorry again
in addition to this email below. I am very sorry but I am also very
afraid I will be very short of money for all those needs.
Any friends there can help there from $50 to $100 is very much needed today
or tomorrow.
I
am now preparing and reviewing or revising for my PRESENTATION OF
PROPOSED SOLUTIONS (below-- DO YOU HAVE ANY COMMENTS OR INPUT TO MAKE
THE IMPACT) being asked by the "professor-lecturers" at the school
to the students in this Business Economic Course to "identified
business and economic problems". I will present this coming Saturday,
November 15, 2008 for 20 to 25 minutes.
I used as reference your recent email
with my added emphasis in the Philippine context:
My
Presentation this November 15, 2008: PLEASE GIVE ME ANY IMMEDIATE
COMMENTS OR SUGGESTION OR CORRECTION IF POSSIBLE to revise my
presentation. I feel a little bit reluctant this time. But I am
preparing well.
I want to present very educational to earn credibility and rapport.
THIS IS A VERY GOOD OPPORTUNITY TO PRESENT THE PROBLEM WITHOUT EVEN
MENTIONING BOLDLY ABOUT SOCIAL CREDIT.
"Sir/Madame/Observers & Fellow Students:
Good Day!
This
is diffcult indeed but I have carefully prepared my 'PROPOSED
SOLUTIONS TO IDENTIFIED BUSINESS AND ECONOMIC OR LITERALLY FINANCIAL
IDENTIFIED PROBLEMS?" As one of the student-participants of this
BUSINESS ENTREPRENUERAL COURSE of this school. I have the following
observed problems and followed by my personal proposed solutions: I am
afraid to present but I am trying now.
The major problem is:
MONEY, that is money to be used as capital for business or any
enterprise within the Philippines. Business capital is not available
without getting into debt. If one wants to engage in business with all
the entreprenueral skills in personal balance sheet, all generation and
screening of business ideas, with the understanding of enterprise
planning and willingness to execute of the enterprise plan and the
tactics of day to day running of the business and with the savvy of
tackling the degree of risks involved, of competition with technical
know how, THE MAJOR PROBLEM IS CAPITAL NEEDS AND SOURCE(S)!
In
the Philippines, there is no SUCH THING AS reliable "Government Grant
or any low interest bearing loan or any available bank credit facility
at least at negotiable interest rate without hard assets collateral
security. Collateral security is very sensitive and risky.
Self-financing
is very rare and very difficult since most of us are in one way or
another in financial personal or family crisis or in financial
trouble, or we are affected mostly by unemployment or
under-employment. It is also difficult to find friends to invest to any
business or persuade venture capitalists. Venture capitalists or
investors are also difficult to find. THE ONLY EXISTING SOURCES OF
MONEY are the banking and financial institutions but THROUGH BORROWING
FACILITIES AT HIGH INTEREST. And this is the problem. THERE IS MONEY
but its creation is privatized and its lending facility is to costly
and manipulative.
Another
identified problem is: COSTLY LICENSING BUSINESS PERMITS AND TAXES. For
a new FILIPINO ENTREPRENEUR, he is overburdened by business permit
fees and taxes - NOW INCLUDES IMF-WB-imposed 12% Expanded Value Added
Tax. In my opinion, there must be government incentive or subsidy to
newly-created business particularly if that business helps the
community.
Taxes are inevitable under the present debt-fuelled
economy but these could be reduced at substantial rate to help the new
entrepreneur.
MARKETING:
We are discussing here the marketing strategies.
We
can market the products in various tactics of persuasion but the major
problem is: People are in acute money crisis, that is, literally, in
the shortage of money.
When our products or services are
TAX-COMPELLED, our natural tendency is to raise its price while at the
same our money supply is restricted and losing its value coupled by
unemployment problems.
In the making of feasibility study,
there must be options and safety that has capacity to withstand
foreseeable financial crisis.
Under the present financial system, BUSINESS CONDITION IS VERY
UNCERTAIN for example on the balancing of inflow and outflow of cash in the
running of business.
MY MAJOR PROPOSED SOLUTIONS with Emphasis on Philippine context
(with reference from Martin Hattersley of Canada)
The answer is simply "That the nation that can print a Philippine Peso bond
can also
print a Philippine Peso bill." If it does, it doesn't have to pay
interest or increase its national debt, and there will be money with the
government so that taxes can be substantially reduced, THERE WOULD BE MONEY
FOR THE ASPIRING FILIPINOS TO ENGAGE IN BUSINESS without worries about debt
and interest,
and Filipino people will be able to buy
anything they are able to produce and so
set the economy in good motion and in
balance.
In the American history although conspired, the former US Pres. Abraham
Lincoln did it with Greenbacks. Venice did it for 600 years
with "Giro money" contained in
account books by a state bank that had actually gone bankrupt.
There would have to be some control of the process, of course, so that
we don't end up with the sort of inflationary condition they have in
Zimbabwe in Africa.
WE JUST NEED TO CREATE MONEY IN BALANCE OF OUR RESOURCES AND NEEDS.
THE PROPOSALS TO PHILIPPINE GOVERNMENT:
1. A Philippine National Credit Office that is likely PHILIPPINE DEPARTMENT
OF FINANCE,
to certify what is a desirable quantity of credit or money or Philippine
Peso to be created debt free
and TO BE PRINTED in circulation at any time in the Philippines at least
within fiscal year.
2. A State Bank of Issue or THE BANGKO CENTRAL NG PILIPINAS or Central
Bank of
the Philippines which should act in behalf of the Filipino people, in
collaboration with the Dept. of Finance with the
endorsement of the Philippine President, Senate and the Congress , to
create the money DEBT AND INTEREST FREE that the Philippine economy needs.
3. Control of private/foreign banks, so
that these pay the community for the use of
the public credit if they "create money out of thin air". This
could be done by some form of taxation on such bank
money creation, in return for a government guarantee against bank
failure.
4. THROUGH DEBT-FREE MONEY CREATION Philippine debts to international
lenders/international banks will also be repaid in Philippine currency
through
debt free money creation convertible to US $ dollars or to other foreign
currencies by banking mechanism. However, "Odious debts" must be totally
repudiated because these are unnecessary burden. MONEY WHICH IS
BEING PAID OR TO BE PAID TO ODIOUS DEBTS MUST BE RATHER AVAILABLE AS
FINANCING CAPITAL TO FILIPINOS WHO ARE INTERESTED AND SKILLFUL TO
ENGAGE IN ANY BUSINESS ACTIVITIES FOR THE GOOD OF THE COMMUNITY AND OF
THE COUNTRY.
5. It is necessary as possibly stimulating to have a "new deal" of a
basic amount of new money or Peso Cash (can also be used as capital for
any business enterprise) to every Filipino citizen
or family regularly or monthly let say $200 or
annually $1,000 in the form of dividend or extra basic income or
supplementary basic income as economic security guaranteed to
everyone, like what is given like in Alaska or Kuwait and to other
countries, and
also similar to the new currencies introduced in Germany and Belgium
following World War II.
THE CENTRAL OBJECTIVE IS: THERE MUST BE AVAILABLE MONEY TO FINANCE
PRODUCTION AND CONSUMPTION. IN OTHER WORDS, MONEY IN THE FORM OF
PURCHASING POWER BE MADE AVAILABLE TO THE HANDS OF FILIPINOS TO BUY THE
PRODUCTS FOR THE GOOD AND SMOOTH RUNNING OF BUSINESS and without having
to be stuck up in debts.
Sir & Madame, I hope I have clearly presented the identified problems and my
proposed solutions.I apologize if ever I have said something against the
banking system.
I welcome comments, suggestion or criticism."Thank you very much.
Sir, do you think my presentation this November 15 will be okey, please let
me know immediately.
I am hoping for any reply and for any tiny cash possible this time again.
Thank you very much indeed for all your tremendous help.
Long live and God bless!
Sincerely and Gratefully yours,
Eric V. Encina
ericencina@yahoo.com
--- On Thu, 11/13/08, Martin Hattersley <jmartinh@shaw.ca> wrote:
From: Martin Hattersley <jmartinh@shaw.ca>
Subject: Re: Very Interesting: An Open Letter to Pres. Obama
To: ericencina@yahoo.com
Date: Thursday, November 13, 2008, 8:28 AM
Nothing we didn't know already!
Obama has got himself one hell of a job, and if he wants to create economic
change, he'll have to contest some very powerful financial interests - some
of whom are already on his transition team.
Martin Hattersley, 5929-189 St.,
EDMONTON AB CANADA T6M 2J1
Phone & Fax (780) 483-5442
e-mail <jmartinh@shaw.ca>
----- Original Message -----
From: "Eric Encina" <ericencina@yahoo.com>
To: "Martin Hattersley" <jmartinh@shaw.ca>
Sent: Tuesday, November 11, 2008 9:55 PM
Subject: Very Interesting: An Open Letter to Pres. Obama
Dear Sir,
I received this email and I just read A VERY INTERESTING AN OPEN LETTER TO
PRES. OBAMA.
What do you think?
It is extremely worrisome indeed.
Eric V. Encina
ericencina@yahoo.com
--- On Sun, 11/9/08, pfmpe@perfecteconomy.com <pfmpe@perfecteconomy.com>
wrote:
From: pfmpe@perfecteconomy.com <pfmpe@perfecteconomy.com>
Subject: Obama Transition Team Letter
To: ericencina@yahoo.com
Date: Sunday, November 9, 2008, 1:27 PM
Greetings from PEOPLE For Mathematically Perfected Economy™.
You are receiving this newsletter either because you have subscribed through
recent site interfraces, or because we have revived our former PFMPE™
newsletter list after our membership data was largely destroyed by a former
Internet Presence Provider. If you have not done so already, and if you
intend to continue receiving our free newsletters, please be sure to add
perfecteconomy.com to your approved senders lists so this material will
reach you. You may unsubscribe of course at any time by using the links at
the bottom of your email.
Today's newsletter primarily concerns efforts to work with the Obama
Transition Team which all Americans should know about. To bring you up to
speed... while campaign insiders have expressed eager interest in
mathematically perfected economy™, irregularities in security provisions
have evidently stymied important interaction since September 29.
Today's primary news/article is the blog topic, Open Letter To The Obama
Transition Team, RE: mathematically perfected economy™:
The URL for this page is
http://perfecteconomy.com/wp/2008/11/07/open-letter-to-the-obama-transition-team-re-mathematically-perfected-economy/
By the time you receive this newsletter, the preceding article may already
be published elsewhere across the web. It was sent this morning to the Obama
Transition Team.
Further articles of recent interest are:
http://perfecteconomy.com/pg-synopsis.html
http://perfecteconomy.com/pg-evaluation-of-jeffersons-opinion-on-the-constitutionality-of-a-national-bank.html
http://perfecteconomy.com/wp/2008/11/06/msnbc-wsj-usual-talking-heads-get-interest-greenspan-wrong-again/
Regards to all,
mike
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Dear Sir,
I received this email and I just read A VERY INTERESTING AN OPEN
LETTER TO PRES. OBAMA.
What do you think?
It is extremely worrisome indeed.
Eric V. Encina
ericencina@yahoo.com
--- On Sun, 11/9/08, pfmpe@perfecteconomy.com
<pfmpe@perfecteconomy.com> wrote:
From: pfmpe@perfecteconomy.com <pfmpe@perfecteconomy.com>
Subject: Obama Transition Team Letter
To: ericencina@yahoo.com
Date: Sunday, November 9, 2008, 1:27 PM
Greetings from PEOPLE For Mathematically Perfected Economy™.
You are receiving this newsletter either because you have subscribed
through recent site interfraces, or because we have revived our former
PFMPE™ newsletter list after our membership data was largely destroyed by a
former Internet Presence Provider. If you have not done so already, and if
you intend to continue receiving our free newsletters, please be sure to add
perfecteconomy.com to your approved senders lists so this material will
reach you. You may unsubscribe of course at any time by using the links at
the bottom of your email.
Today's newsletter primarily concerns efforts to work with the
Obama
Transition Team which all Americans should know about. To bring you up to
speed... while campaign insiders have expressed eager interest in
mathematically perfected economy™, irregularities in security provisions
have evidently stymied important interaction since September 29.
Today's primary news/article is the blog topic, Open Letter To The
Obama Transition Team, RE: mathematically perfected economy™:
The URL for this page is
http://perfecteconomy.com/wp/2008/11/07/open-letter-to-the-obama-transition-team-re-mathematically-perfected-economy/
By the time you receive this newsletter, the preceding article may
already be published elsewhere across the web. It was sent this morning to
the Obama Transition Team.
Further articles of recent interest are:
http://perfecteconomy.com/pg-synopsis.html
http://perfecteconomy.com/pg-evaluation-of-jeffersons-opinion-on-the-constitutionality-of-a-national-bank.html
http://perfecteconomy.com/wp/2008/11/06/msnbc-wsj-usual-talking-heads-get-interest-greenspan-wrong-again/
Regards to all,
mike
To cease your opt-in subscription, this link
To update your preferences or to unsubscribe, visit this link
To forward a newsletter, this link
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