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Subject:Re: [socialcredit] Re: The Money System Triggered the Bankruptcy of General Motors
Date:Saturday, June 13, 2009  01:00:56 (-0600)
From:Wallace Klinck <wmklinck @....ca>

The point is that "man does on live by bread alone" and the less he or she is compelled to do so the better.  We do not have yet a fully automated system but this is the goal ultimately to which we rationally aspire.  And we have made enormous strides in this direction--progress which has been drastically  sabotaged by the imperative to engage in useless, degrading and destructive "work" which the present defective financial system has imposed upon us.  As Douglas stated:  Economics is simply a functional activity of men and women in the world and the sooner it can be dispensed with so that humanity can get on with more spiritual and cultural concerns and activities, the better.  If people worked rationally they would be continuously "working themselves out of a job."  Increased efficiency means that "work" is increasingly not needed and Social Credit wants to free mankind to enhance this process.  As one eminent author stated so eloquently some time ago, we are working our way back to Eden.  We cannot move toward this goal under a financial system which counters every advance of science and technology.  Perhaps even more importantly we cannot institute a realistic financial policy if we remain mesmerized by the false notion of Salvation through Works--the doctrine of Mammon and the cornerstone policy of totalitarianism such as fascism and communism, and indeed of orthodox debt finance wherein money is only issued as a debt and only for production.  Social Credit recognizes Salvation through Grace, indeed "something for nothing" which is a gift from God and Nature.  We must draw clear lines of demarcation to in order to differentiate these two irreconcilable contradictory policies inasmuch as society has been hypnotized into the idolatry of worshipping work for its own sake--that is, into worshiping a false morality and therefore genuflecting before a false God.  There is nothing necessarily moral about work, per se, and unnecessary perverted activity is a positive evil which is guaranteed to create Hell on earth--as, indeed, it has.  "Toil not---your Heavenly Father knows you have need of these things."  Hence the multiplication and distribution of loaves and fishes.  Having Faith, we can move mountains--and the more Faith we have the more easily we can move them.  This Social Credit calls the Unearned Increment of Association and the immense accumulating Cultural Heritage which proceeds from it and is, or should be, the enabling basis of accelerating genuine social and economic progress.

Sincerely
Wally



On 12-Jun-09, at 1:54 AM, Arian F. Nevin wrote:

"[I]f the author did not appear to be promoting the idea that
prosperity is necessarily related to 'work'." Production requires
work. We don't have a fully automated production system, and thus
prosperity (production among other things) is necessarily related to
work. If nobody worked we wouldn't be prosperous. It's certainly true
that in a saner economic system we would have much more leisure than
now and that much "work" today doesn't really need to be done and
simply exists to create incomes. Increased efficiency doesn't mean
work isn't needed.

And while ideally people would be able to work less and be paid more
or perhaps receive a dividend having a job and thus an income is
certainly better than being poor and unemployed!

Arian



There would be much truth to the assertion that this essay is in a
"general" sense in accord with Social Credit if the author did not
appear to be promoting the idea that prosperity is necessarily related
to "work" and that a rectified financial system would create jobs or
employment.  Social Credit asserts that the true purpose of production
is consumption and not to create "work."  Social Credit seeks the
provision of increasing opportunity for leisure.  Unemployment,
properly conceived is a blessing rather than a curse because if it
accompanies abundance this means that mankind has moved further and
further from scarcity.  What is required is a financial system which
facilitates distribution of the full product of industry to consumers
without the need for consumer debt.
Sincerely
Wally






On 9-Jun-09, at 11:33 PM, Arian F. Nevin wrote:

In a general sense the article is in accord with the ideas of Social
Credit.

http://globalresearch.ca/index.php?context=va&aid=13917

Thomas Friedman believes G.M. is a “giant wealth-destruction machine.”
He’s dead wrong. General Motors was, is and will be a giant
wealth-production machine. Industry produces wealth, and G.M. is the
victim of an unsound money system.

The abysmal state of the world economy has no physical cause. We have
not run out of resources, factories, people, or suffered a cataclysm.
All over the world, the unemployed are willing and eager to work, but
are prevented from earning a livelihood because they cannot find work.
An upside down notion of national economic wealth and an unsound
monetary system are at fault.

The wealth of a nation is fundamentally based on the physical wealth
it creates. Physical wealth consists of things that are beneficial to
human life such as food, houses, clothes, cars, etc. The foundation of
a nation’s wealth is the industries that create physical wealth: raw
material extraction, energy, agriculture, and manufacturing. To become
wealthy, a nation must produce and consume wealth. A nation is not
made wealthy through banking, finance, litigation, or insurance.

Individuals correctly regard the money they possess and the money they
are owed as part of their wealth. But, while debt and money are
ultimately ways for individuals to obtain wealth, they are not wealth
in and of themselves. Money is simply the medium by which we exchange
physical wealth. Money and debt are simply human conventions having no
intrinsic value in themselves. Thus, for a nation to be wealthy, it
must produce physical value. A nation should not and cannot consider
the money and debt it holds as wealth. If a nation were to have ten
times as much money as it does now, physically it would not have any
more wealth than before. Thus, though an individual can be made very
wealthy by accumulating money, a nation cannot.

Nobel laureate, Frederick Soddy, distinguished between individual
economics and national economics. Economists conflate the two and
ruinously apply the principles of individual economics to the nation.
In individual economics, outsourcing jobs, work, and entire industries
is beneficial. With lower costs a company is able to increase its
profits. However, from a national perspective we are worse off,
because we are producing less and have fewer jobs. Individual profits
are increased, while the nation is impoverished. Applying the
principles of individual economics to the nation results in a steadily
declining standard of living and increasing unemployment.

The mentality of economists such as Friedman is outdated and wrong.
Vincent Vickers, former director of the Bank of England, described
their mentality thusly: “Without money, nothing can be bought and
nothing sold. Therefore nothing matters but money.” Thereby, G.M.
becomes a “wealth-destruction machine” because it is not making a
profit. But, in Friedman’s eyes Google, which he lauds, is creating
wealth because it is profiting, although it produces nothing and
profits by selling ads. By regarding money rather than production as
the primary factor that drives a nation’s economy, economists have
mistaken the shadow for the substance.

The bankrupt ideas of economists are ruining our nation. American
industry can produce far more than the public can purchase. If
everything produced could be purchased, we would have more jobs
because more production requires more employees. We would be wealthier
and have a higher standard of living. Americans want to work and are
capable of producing. All that is missing is the power to purchase.

The power to purchase is limited because the supply of money is
completely controlled by the private banking system. We have bank-made
rather than government-made money, and banks only create money for the
purpose of receiving interest. Today, money is only created so that
debt can be created and interest charged on that debt. Money is lent
into existence by banks rather than spent into existence by the
government. Only an insignificant amount of money is cash, and the
rest exists solely as data entries in bank computers. Banks create and
destroy money simply by modifying entries in a spreadsheet. While it
is commonly believed that banks lend their depositors’ money, this is
false. Whenever banks loan money, they create entirely new money that
didn’t exist before.

Any economic system that prevents production from being distributed is
fundamentally flawed. The people must demand the government institute
a sound money system run in the public interest rather than let
private corporations run the system for profit at the public’s
expense. A sound monetary system would provide as much money as needed
and in such a way that it allows the exchange of all physical wealth
produced by the nation. Only then will our nation no longer be subject
to the random vagaries of economic boom and bust cycles driven by
speculative bubbles, private financial interests, and a corrupt money
system. If we already had a sound money system, right now GM would be
one of the strongest wealth producers on the planet, employing more
people than ever, and making a healthy profit. The fastest road to
economic recovery is to institute a sound money system.

Arian Nevin is the author of National Economy: The Way to Abundance.
His website is www.nationaleconomy.net .
---------------------------------------------------------------------
Some introductory materials to the discussion topic of this list are
at
http://www.geocities.com/socredus/compendium
You're subscribed to this list with the email wmklinck@shaw.ca
For more information, visit http://www.eListas.com/list/socialcredit


On Wed, Jun 10, 2009 at 12:33 AM, Arian F. Nevin<afnafn@gmail.com> wrote:
In a general sense the article is in accord with the ideas of Social Credit.

http://globalresearch.ca/index.php?context=va&aid=13917

Thomas Friedman believes G.M. is a “giant wealth-destruction machine.”
He’s dead wrong. General Motors was, is and will be a giant
wealth-production machine. Industry produces wealth, and G.M. is the
victim of an unsound money system.

The abysmal state of the world economy has no physical cause. We have
not run out of resources, factories, people, or suffered a cataclysm.
All over the world, the unemployed are willing and eager to work, but
are prevented from earning a livelihood because they cannot find work.
An upside down notion of national economic wealth and an unsound
monetary system are at fault.

The wealth of a nation is fundamentally based on the physical wealth
it creates. Physical wealth consists of things that are beneficial to
human life such as food, houses, clothes, cars, etc. The foundation of
a nation’s wealth is the industries that create physical wealth: raw
material extraction, energy, agriculture, and manufacturing. To become
wealthy, a nation must produce and consume wealth. A nation is not
made wealthy through banking, finance, litigation, or insurance.

Individuals correctly regard the money they possess and the money they
are owed as part of their wealth. But, while debt and money are
ultimately ways for individuals to obtain wealth, they are not wealth
in and of themselves. Money is simply the medium by which we exchange
physical wealth. Money and debt are simply human conventions having no
intrinsic value in themselves. Thus, for a nation to be wealthy, it
must produce physical value. A nation should not and cannot consider
the money and debt it holds as wealth. If a nation were to have ten
times as much money as it does now, physically it would not have any
more wealth than before. Thus, though an individual can be made very
wealthy by accumulating money, a nation cannot.

Nobel laureate, Frederick Soddy, distinguished between individual
economics and national economics. Economists conflate the two and
ruinously apply the principles of individual economics to the nation.
In individual economics, outsourcing jobs, work, and entire industries
is beneficial. With lower costs a company is able to increase its
profits. However, from a national perspective we are worse off,
because we are producing less and have fewer jobs. Individual profits
are increased, while the nation is impoverished. Applying the
principles of individual economics to the nation results in a steadily
declining standard of living and increasing unemployment.

The mentality of economists such as Friedman is outdated and wrong.
Vincent Vickers, former director of the Bank of England, described
their mentality thusly: “Without money, nothing can be bought and
nothing sold. Therefore nothing matters but money.” Thereby, G.M.
becomes a “wealth-destruction machine” because it is not making a
profit. But, in Friedman’s eyes Google, which he lauds, is creating
wealth because it is profiting, although it produces nothing and
profits by selling ads. By regarding money rather than production as
the primary factor that drives a nation’s economy, economists have
mistaken the shadow for the substance.

The bankrupt ideas of economists are ruining our nation. American
industry can produce far more than the public can purchase. If
everything produced could be purchased, we would have more jobs
because more production requires more employees. We would be wealthier
and have a higher standard of living. Americans want to work and are
capable of producing. All that is missing is the power to purchase.

The power to purchase is limited because the supply of money is
completely controlled by the private banking system. We have bank-made
rather than government-made money, and banks only create money for the
purpose of receiving interest. Today, money is only created so that
debt can be created and interest charged on that debt. Money is lent
into existence by banks rather than spent into existence by the
government. Only an insignificant amount of money is cash, and the
rest exists solely as data entries in bank computers. Banks create and
destroy money simply by modifying entries in a spreadsheet. While it
is commonly believed that banks lend their depositors’ money, this is
false. Whenever banks loan money, they create entirely new money that
didn’t exist before.

Any economic system that prevents production from being distributed is
fundamentally flawed. The people must demand the government institute
a sound money system run in the public interest rather than let
private corporations run the system for profit at the public’s
expense. A sound monetary system would provide as much money as needed
and in such a way that it allows the exchange of all physical wealth
produced by the nation. Only then will our nation no longer be subject
to the random vagaries of economic boom and bust cycles driven by
speculative bubbles, private financial interests, and a corrupt money
system. If we already had a sound money system, right now GM would be
one of the strongest wealth producers on the planet, employing more
people than ever, and making a healthy profit. The fastest road to
economic recovery is to institute a sound money system.

Arian Nevin is the author of National Economy: The Way to Abundance.
His website is www.nationaleconomy.net .

---------------------------------------------------------------------
Some introductory materials to the discussion topic of this list are at
http://www.geocities.com/socredus/compendium
You're subscribed to this list with the email wmklinck@shaw.ca
For more information, visit http://www.eListas.com/list/socialcredit

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