| Subject: | [socialcredit] Replying to Rawson: Why jobs disappear | | Date: | Wednesday, June 3, 2009 08:42:09 (-0700) | | From: | william_b_ryan <william_b_ryan @.....com>
|
"In NZ we believe that money should be cost- (interest-) free AT ISSUE, except
for the minor costs of the equipment necessary to carry out the process."
-----------------------------------------------------
------------------------------------------------------
By this you imply that banks vastly overcharge for the services they supply.
You will have to provide some evidence that this is actually the case.
-
"We have nothing against banks getting a fair return for lending it to industry.
They provide an excellent service in doing this.
"At present, of course, they get it 'cost free' because they have the right to
manufacture it."
-----------------------------------------------------
------------------------------------------------------
There are nontheless real costs to supplying the financial services that the
banks supply. That is to say, there are costs of manufacturing the money that
they loan, in payments for bricks and mortar, salaries, wages and dividends. You
are really saying that they are charging too much for the service that they
supply. You are going to have to provide some evidence that this is actually the
case.
-
Nevertheless, Wally, IF that is the proportion of their returns that banks pay
out, this was an excellent example of why jobs (and purchasing power) disappear
under the present system.
-----------------------------------------------------
------------------------------------------------------
But the actual empirical evidence is that firms in general are always paying out
MORE than they are receiving back over their sales counters, in normal times of
economic growth. You will have to supply some evidence that banks behave
differently than ordinary firms in this regard. You will also have to provide
some explanation why they would do so.
-
It could also have made a case for why we have to grow industry for growth's
sake, or why we have to produce armaments to live. And use them to die!
-----------------------------------------------------
------------------------------------------------------
Not if the argument is utterly and completely fallacious, John. A much better
case is made through the A + B theorem. This is a Social Credit list. I suggest
you become familiar with the core principles of Social Credit.
-------------------original messages---------------------
Subject: RE: [socialcredit] Re: Why jobs disappear
Date: Tuesday, June 2, 2009 23:07:27 (+0000)
From: John G Rawson <johngrawson@hotmail.com>
In reply to: Message 6788 (written by william_b_ryan)
Hi Bill.
In NZ we believe that money should be cost- (interest-) free AT ISSUE, except
for the minor costs of the equipment necessary to carry out the process.
We have nothing against banks getting a fair return for lending it to industry.
They provide an excellent service in doing this.
At present, of course, they get it "cost free" because they have the right to
manufacture it.
Regards.
John R.
---------------------------------------------------------
Subject: RE: [socialcredit] Why jobs disappear
Date: Tuesday, June 2, 2009 23:00:42 (+0000)
From: John G Rawson <johngrawson@hotmail.com>
Nevertheless, Wally, IF that is the proportion of their returns that banks pay
out, this was an excellent example of why jobs (and purchasing power) disappear
under the present system. It could also have made a case for why we have to grow
industry for growth's sake, or why we have to produce armaments to live. And use
them to die!
In other words, a logical presentation of the situation SC policies are needed
to fix.
Regards.
John R.
-
|
Replying to Rawson
Reply to this message