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I had a friend from Edmonton some years ago who said they
missed the big depression up in the Peace River country, he thought, by just not
hearing about all the hard times and going into agreement with it. So it
was really because of sane monetary policy.
You surely had it figured out correctly in 1983, as did
others 50 years earlier. So how about making this a universal
realization?
Best regards, Bob Taft The Taft Ranch Upton, Wyoming (307)
465-2206 http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897"
There are three kinds of men: The ones that learn by reading. The few who
learn by observation. The rest of them have to pee on the electric fence and
find out for themselves". Will Rogers
Sent: Monday, February 09, 2009 11:27 PM
Subject: Re: [socialcredit] This Week's Opinion
Column
Hi, Bob -
Just in connection with that assertion that
money can cover too vast an
area, I note the following from my brief to the
MacDonald Commission in
Canada in 1983 -
Money is not international -
it is a call on the resources of the persons
whose nation makes use of the
money, nothing more. There is a real danger in
all attempts to give the
world an international currency, and equally, in
removing all barriers to
trade. The danger is one of speculation, and of
competition. Speculation,
because if a quantity of money can be moved from
one end of the world to the
other, faster than goods can be moved,
artificial fluctuations of the price
level (particularly of immovables such
as real estate) can easily be
achieved. Competition, because Canada is a
country that will always have
non-competitive overheads built into her
productive system, arising from
climate and from geography. If we cannot
sell anything without meeting the
keenest of world competition, we may as
well close down all our industries -
they are heading in that direction
already!
In fact, Canada should
rather think in the reverse direction - that the area
covered by her
national banking system and her monetary unit may well be too
big, leading
to continual swings of prosperity as money moves between "have"
and
"have-not" provinces. The United States system of localized banking, and
the
success, for instance, of the Alberta Treasury Branch system in
refloating
the Alberta economy after the 1930's depression, may be
indicators that
localized and not too mobile forms of credit may be a
valuable tool in
preventing excessive swings in prosperity between the
regions of the
Canadian economy.
Martin Hattersley, 5929-189 St.,
EDMONTON AB
CANADA T6M 2J1
Phone & Fax (780) 483-5442
e-mail <jmartinh@shaw.ca>
----- Original
Message -----
From: "Bob Taft" <rbtaft@rtconnect.net>
To: "Dave
Ryder" <tumoulin@yahoo.com.au>;
"Earl Solberg"
<ole@efirehose.net>; "Edwin Erickson"
<edwin@ericksonforest.ca>;
"Ellen
Brown" <ellenhbrown@gmail.com>; "Gordon
Barrett" <onegordon@shaw.ca>;
"Grahame West" <gewest6@bigpond.com>; "Jim Doody"
<je_doody@yahoo.ca>; "Jim
Schroeder" <jschroeder@shaw.ca>; "John Rawson"
<johngrawson@hotmail.com>;
"Larry Heather" <lheather@shaw.ca>; "Laverne Ahlstrom"
<minimill@telus.net>;
"Len
Skowronski" <lmskowronski@shaw.ca>; "Martin
Hattersley"
<jmartinh@shaw.ca>;
"Michaeljournal SC" <michaeljournal@gmail.com>; "Michel
Chossudovsky" <crgeditor@yahoo.com>; "Murray Fuhrer"
<esteem@extremeesteem.ca>; "Tore
Nordahl" <tore@nordahl.tv>; "Trevor
Grover"
<tgrover@socialcredit.com>; "Wilf
Tricker" <wtricker@telusplanet.net>;
"Socialcreditlist" <socialcredit@elistas.com>; "social
credit"
<socialcredit@elistas.com>
Sent:
Monday, February 09, 2009 6:02 PM
Subject: Re: [socialcredit] This Week's
Opinion Column
Problem here with currencies pegged to numerous goods
and activities is
convertibility which is already solved in hundreds of US,
Canadian and other
communities by using a common unit of measurement like an
"Hour."
The more I consider it the more I believe currency should be a
local thing
to benefit local communities. Similarly bank charters should
have very
limited areas of operation, no more than a county in most cases,
smaller
areas than that in some, depending on population density. This
of course
creates convertibility problems but this may not be that
bad. Were there no
US currency being shoveled out around the world,
buying up local politicians
and bureaucrats to do Washington's (London's/Tel
Aviv's) bidding, what a
better world this would be. Pretty hard to
hide corrupt money manipulation
when it would have to go through numerous
hands along the way. As usury
would no longer be practiced,
exchange fees could be charged by banks along
with other legitimate
non-interest activities. Eliminate usury and there'd
no longer be
trillion-dollar debt instruments floating between central
banksters
accumulating huge profits for parasites who produce nothing in the
way of
voluntarily consumable goods and/or services.
It should not be necessary
to have government currencies at any level.
Governments would be considered
as but another business enterprise in a
community of businesses, another
bank customer for the sole local bank.. As
there should be no national
currency issuance, the federal government would
revert to its proper
federation status, sovereignty reverting to the states
and subdivisions
thereof.
In the early American colonies local currencies brought local
prosperity.
The prohibition on this by the Crown was the primary cause of
the American
Revolution. Our 1787 Con-Job laid way for another evil
central bank to
replace London's. In between central banks we have
also had use of numerous
bank-issued currencies. The new local banks
would serve as issuing
authority for the new currencies. The most
sovereign prerogative of
government would be thus transferred to local
private hands.
The elimination of the need for a national central bank or
a national bank
of issuance would also preclude the present fraudulent
practice of futures
trading between national currencies, a practice which
should have long been
considered treasonous.
I have a huge catalog of
depression scrip from the '30s, for collectors
thereof. If
nothing else, consider the fun many might have in doing this
again.
And with the newer high-tech means of producing and protecting
currencies
I'd imagine counterfeiting to be no problem.
If all this seems overly
speculative, just consider how covertly corrupt and
overtly criminal the
current system is. The current system is a monopoly in
the hands of an
elect few. A government-issued bank charter is a license to
steal. Keep bank sovereignty a local thing, and Wall Street's problems
remain Wall Street's problems, at most confined to New York City.
We've
been forced to keep all our financial eggs in one basket for far too
long,
and look at the result. As the present system is collapsing, now
is the
time for change.
Best regards,
Bob Taft
The Taft
Ranch
Upton, Wyoming
(307) 465-2206
http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897
"
There are three kinds of men: The ones
that learn by reading. The few who
learn by observation. The rest of them
have to
pee on the electric fence
and find out for
themselves". Will Rogers
From:
helge nome
Sent: Monday, February 09, 2009 3:14 PM
To: Dave Ryder ; Earl
Solberg ; Edwin Erickson ; Ellen Brown ; Gordon
Barrett ; Grahame West ; Jim
Doody ; Jim Schroeder ; John Rawson ; Larry
Heather ; Laverne Ahlstrom ; Len
Skowronski ; Martin Hattersley ;
Michaeljournal SC ; Michel Chossudovsky ;
Murray Fuhrer ; Tore Nordahl ;
Trevor Grover ; Wilf Tricker ;
Socialcreditlist ; Bob Taft
Subject: [socialcredit] This Week's Opinion
Column
Here is one for the
bankers.
Regards,
Helge
Pen Meets Paper
Opinion by
Helge Nome
As credit conditions get more difficult, local business people
and private
individuals will have an incentive to develop closer economic
relationships
with each other for mutual benefit. This can be done by using
“I Owe You's”
person to person.
For example, I, being a supplier of
firewood at a price of $1 per cubic foot
for good quality dry wood, can go
to my neighbour, who has eggs for sale,
and give him/her a “gift”
certificate or IOU for 10 cubic feet of firewood
in return for five dozen
eggs. This could happen over a period of time until
he has enough IOUs to
lay claim on a whole winter's supply of firewood for
himself by giving me
back my IOUs.
This process could of course work in reverse as well and
could include a
person's labor for x number of hours, for example.
In
our complex society, this local “money” (IOUs) would of course not
replace
legal tender, but it could be used to supplement conventional
financial
transactions (Canadian Tire “Dollars”, coupons, etc).
Depending on the
reputation for reliability in meeting obligations, the IOUs
from particular
individuals would be more acceptable as tender for
transactions than IOUs
issued by less reliable individuals and would likely
change hands several
times before ending up back in the hands of the
originator: If the egg
producer unfailingly provides good eggs in return for
his IOUs, he may not
see them for months as they circulate throughout the
community, buying all
kinds of goods and services.
And this is where it gets interesting: As
more people of diverse backgrounds
get more involved in this trading, a
sense of community can develop with
unreliable individuals being weeded out
because they don't honour their
IOUs. Eventually someone might even turn
into a local banker trading in
IOUs.
The prospects are fascinating
and IOUs don't contradict any laws because
they are never claimed to be
legal tender: Anyone can refuse to accept an
IOU if he/she doesn't trust the
originator, or for any reason whatsoever.
Let's beat the international
bankers at their own
game!
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