| Subject: | RE: [socialcredit] question regarding Australia and New Zealand during | | Date: | Monday, May 4, 2009 20:22:02 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
| In reply to: | Message 6673 (written by Kenneth Palmerton) |
Thanks Ken. Apply this to America too. Although the Colonists may not have been consciously rebelling against interference with their currency, it certainly caused a lot of the unrest that led to the move for Independence. As now, probably most of them didn't understand what was going on, but could blame it on "taxation".
Regards.
John R.
> Date: Mon, 4 May 2009 12:20:00 +0100
> From: kenpalmerton@cix.compulink.co.uk
> To: socialcredit@elistas.com
> CC: kenpalmerton@cix.compulink.co.uk
> Subject: RE: [socialcredit] question regarding Australia and New Zealand during
>
> In-Reply-To: <BLU116-W20740E2243C516600BEC61BD6B0@phx.gbl>
> Hi John.
>
> There I think you have a most valid point.
>
> "Ignored by the historians".
>
> Ken.
>
> -------- Original Message --------
>
> From: John G Rawson <johngrawson@hotmail.com>
> To: Socred elistas <socialcredit@elistas.com>
> Date: Sun, 3 May 2009 20:34:19 +0000
>
> Now Westpac, as you know.
>
> I had an uncle with them who went over to Australia and became Secretary
> of the Bank Clerks' Assn. there, way back at the beginninjg of last
> century. Back in the days when they prevented their staff members from
> marrying until they were up to a certain salary. Cutting a long story
> short (a small book I have) he took the Bank to court over a greivance,
> and that resulted in improved conditions for bank employees throughout
> Australasia. My father dealt with them, and it was common to be asked in
> NZ branches if we were connected to "our Harry".
> The story I have read is that the Commonwealth Bank was founded on very
> small reserves plus the nation's backing, and proceeded to do useful
> things for the country including financing the Fleet. ?Early C20. I can't
> prove it, but i never saw the story challenged either. Like all things
> along these lines, it would have been carefully ignored by the historians.
>
> Regards.
>
> John R.
>
>
>
>
>
>
> From: telergy@bigpond.com
> To: socialcredit@elistas.com
> Date: Sun, 3 May 2009 16:25:25 +1000
> Subject: Re: [socialcredit] question regarding Australia and New Zealand
> during the Depression
>
>
>
>
> John R, I haven't found any info about financing a trade fleet, here In
> Australia
>
>
> but I did find the following, and whilst it relates specifically to
> Australia's Banking history, it's the same all over.
>
> http://www.abc.net.au/money/currency/features/feat3.htm
>
> ----- Original Message -----
> Sent: Saturday, May 02, 2009 2:15 PM
> Subject: RE: [socialcredit] question regarding Australia and New Zealand
> during the Depression
>
> Graeme, there's history somewhere about the founding of the Commonwealth
> Bank, and its financing of the Commonwealth Fleet (of merchant ships) to
> get your produce overseas. And possibly other activities. I read the story
> many years ago and forget the detail.
> Regards.
>
> John R.
>
>
>
> > From: telergy@bigpond.com
> > To: socialcredit@elistas.com
> > Date: Fri, 1 May 2009 22:39:01 +1000
> > Subject: Re: [socialcredit] question regarding Australia and New Zealand
> during the Depression
> >
> > News to me too, in Australia.
> >
> > Although our coins were all produced by mints which were owned by The
> > British Mint until the 1960s, Australia did print it's own notes from
> 1915
> > by a "Note Printing Australia" since 1915 or so. This was and is owned
> by
> > our Reserve Bank,
> >
> > As to whether there was "monetary seignoriage" to bail us out of the
> > depression, I will keep looking. Where's John Herman?
> >
> > Graeme Taylor
> > ----- Original Message -----
> > From: <william_b_ryan@yahoo.com>
> > To: <socialcredit@elistas.com>
> > Sent: Friday, May 01, 2009 9:00 PM
> > Subject: [socialcredit] question regarding Australia and New Zealand
> during
> > the Depression
> >
> >
> > >
> > > Ellen Brown is not defending her arguments at the present time, but is
> > > focusing "on the more important work of exposing what is really going
> on
> > > in the economy today and suggesting better solutions," so I'll put
> this
> > > question to the list, and especially our Australian and New Zealander
> > > subscribers. Perhaps someone will get back to us on this:
> > >
> > > It has to do with her assertion that during the 1930s and 40s, the
> central
> > > banks of Australia and New Zealand accommodated their governments to
> spend
> > > Greenback-type money into circulation for infrastructure projects,
> thus
> > > helping those countries to avoid the effects of the Great Depression.
> For
> > > example, in her essay dated March 6
> > > http://webofdebt.wordpress.com/monetary-proposal/ she wrote:
> > >
> > > "A truly federal central bank would issue funds directly to the
> Treasury
> > > as debt-free U.S. Notes, or as 'national credit.' This was done
> > > successfully in Australia and New Zealand during the 1930s and 1940s.
> A
> > > state-owned central bank funded public projects that put people back
> to
> > > work, at a time when most of the rest of the world was struggling with
> a
> > > depression brought on by a global shortage of bank-created money."
> > >
> > > This is news to me. Where did this come from? I am not aware that
> either
> > > government did anything especially innovative or unorthodox during
> that
> > > period.
> > >
> > > I am presently converting into plain text a document sent to me by
> Wally
> > > Klinck, "Major C. H. Douglas Before The New Zealand Government's
> Monetary
> > > Committee Notes of Evidence and Examinations With Correspondence
> > > preliminary thereto" from 1934. This statement is from one of the
> initial
> > > questions to Major Douglas, on February 24, 1934:
> > >
> > > "In this country we are suffering from an economic depression and it
> is
> > > commonly known that we are suffering severely in consequence. How can
> > > that be remedied in a land of plenty, and we have a land of plenty and
> > > there is poverty and stress everywhere?"
> > >
> > > So from this question we know that any Greenbacker-type policy that
> might
> > > have been introduced must have been introduced after this question was
> > > asked, if New Zealand was relieved from the Depression before other
> > > nations.
> > >
> > > This piece from the Internet suggests that New Zealand's monetary
> policy
> > > helped that country recover from the Depression, but it says nothing
> about
> > > Greenback-type money being spent into circulation. It says
> specifically
> > > "fiscal policy was not the driver of recovery from the Great
> Depression."
> > >
> http://antidismal.blogspot.com/2008/11/new-zealands-recovery-from-great.htm
> l
> > >
> > > I have also been studying the book, *Recovery from the Depression* By
> R.
> > > G. Gregory, N. G. Butlin, published in 2002, which is a compilation of
> > > several essays by various authors discussing the Depression experience
> in
> > > Australia and New Zealand. Chapter 5 entitled "Depression and Recovery
> in
> > > New Zealand" by G. W. Hawke is available online from the archive at
> > > Googlebooks. I've seen nothing in that chapter that talks about
> > > Greenback-type money.
> > >
> > >
> > >
> > >
> > > ---------------------------------------------------------------------
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> >
> >
> >
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