| Subject: | Re: [socialcredit] "Fiat Empire" video by Congressman Ron Paul and G. Edward Griffin--a response to their ideas on gold-backed money. | | Date: | Thursday, December 4, 2008 17:57:54 (+1300) | | From: | William Hugh McGunnigle <wmcgunn @.........nz>
|
HI Martin
I can onlu say your father was a very farsighted and wise
man. The International Gold standard has failed International trading in the
past and cannot solve any future problems because it is a 16th century
system attempting to solve 21st century problems. We cannot operate
electical equipment using horses or even steam engines except at great cost
and drastic alteration. The monetary system is in the same position,but our
economists and fimnacial wizards will not admit it.
Bill McGunnigle
----- Original Message -----
From: "Martin Hattersley" <jmartinh@shaw.ca>
To: <socialcredit@elistas.com>
Sent: Monday, November 24, 2008 9:55 AM
Subject: Re: [socialcredit] "Fiat Empire" video by Congressman Ron Paul and
G. Edward Griffin--a response to their ideas on gold-backed money.
> As my father said:
>
> "A fallacy prevalent yet
> Is to think that the money we get
> Is based upon gold.
> It's not. What we hold
> Is Deposit, created by Debt."
>
> Martin Hattersley, 5929-189 St.,
> EDMONTON AB CANADA T6M 2J1
> Phone & Fax (780) 483-5442
> e-mail <jmartinh@shaw.ca>
>
> ----- Original Message -----
> From: "Wallace Klinck" <wmklinck@shaw.ca>
> To: <socialcredit@elistas.com>
> Sent: Thursday, November 20, 2008 2:22 PM
> Subject: [socialcredit] "Fiat Empire" video by Congressman Ron Paul and G.
> Edward Griffin--a response to their ideas on gold-backed money.
>
>
> This message was sent to a correspondent who had forwarded a message
> linking to the video presentation "Fiat Empire" delivered by Ron Paul
> and G. Edward Griffin:
>
>>> Thanks, Terry. Congressman Ron Paul and Edward Griffin are
>>> advocates of gold backed money and although they provide some
>>> interesting information in their works I consider them to be quite
>>> incorrect in wanting to base their nation's money on gold. What
>>> really constitutes backing for money is the productive capacity of
>>> the nation to provide the many things that people desire or need.
>>> That this capacity should be regulated by the available amount of
>>> gold is quite absurd and seems little more than idolatry. The
>>> central problem, essentially, is that the banking system in
>>> creating the nation's money supply through their loaning operations
>>> are claiming ownership of the money which they create, while of
>>> course they create none (or very little) of the nation's real
>>> wealth. It is a gigantic counterfeiting operation which could be
>>> made to work very well if appropriate accounting conventions were
>>> set in place to restore the effective ownership of the money
>>> created by the banks to the people. When banks create money as
>>> loans they are simply providing the means to draw upon the nation's
>>> real credit. That they should be able simply to foreclose upon
>>> real assets in the event of failure to perform in repaying these
>>> loans is preposterous--even more so because the financial system
>>> works in such a way as to ensure inability to repay all debts. If
>>> you or I created money out of nothing and lent it on this basis we
>>> would soon be in goal whether we attempted any foreclosures or
>>> not. I think Ron Paul is a very honest and decent man but I
>>> believe that he has been badly misled about the real nature of
>>> money. See attachment (C. H. Douglas on the Gold Standard).
>>> Sincerely
>>> Wally
>>>
>
>
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