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Hi Per and Bill.
Perhaps there is confusion here.
In NZ we believe new money should be free of interest at source. That does not mean we intend to stop the commercial banks charging legitimate interest for loans.
Regards.
John R.
> Date: Fri, 27 Mar 2009 06:10:13 -0700
> From: william_b_ryan@yahoo.com
> To: socialcredit@elistas.com
> Subject: [socialcredit] Re: Chinese Monetary Reform: Please check the website
>
>
> "What is needed is that the system is free of interest and investors demand for profit."
> -------------------------------------------------
> --------------------------------------------------
>
> This is a rather peculiar comment coming from someone who pushes the JAK Bank, which charges a substantially higher rate of interest than conventional banks. That they claim to be "interest free" is a pure deceptive trade practice.
>
> What this indicates is a profound confusion as to how money, credit and the economy work.
>
>
> --------------------original message-----------------------
>
> Subject: Re: [socialcredit] Chinese Monetary Reform: Please check the website
> Date: Thursday, March 26, 2009 22:59:33 (+0100)
> From: Per Almgren <almgren_per @.....com>
> In reply to: Message 6498 (written by Eric Encina)
>
> I do not think that we even need an international reserve currency. All currencies should be floating to each other. What is needed is that the system is free of interest and investors demand for profit.
>
> Per Almgren
>
> Eric Encina skrev:
>
>
>
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